The Dow Jones Industrial Average moved higher Monday as blue chip player Boeing (BA) gained despite reports of a potential government crackdown. Meanwhile, artificial intelligence stock Micron Technology (MU) popped amid a bullish call. And famed fund manager Cathie Wood snapped up a plunging stock while a Warren Buffett play tested an entry on the stock market today.

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The Dow Jones fared best out of the major indexes as it rose 400 points or 1%. The tech-heavy Nasdaq composite wavered and was down 0.7% in recent action.

Nasdaq component Micron, which reports earnings Wednesday, got a boost after Citi reiterated the stock is a “top pick” and boosted its price target to 175 from 150. Citi expects Micron to beat analyst views, partially due to “increasing AI memory exposure.”

Meanwhile, the S&P 500 climbed 0.1%. In the S&P, Carrier Global (CARR) outperformed with a gain of more than 3%. Also, AI play Super Micro Computer (SMCI) lagged as it fell more than 4%.

The S&P 500 sectors were mostly higher. Energy and financials were the strongest areas while technology lagged.

Small caps rallied, with the Russell 2000 up 0.7%. The Innovator IBD 50 (FFTY) exchange traded fund fought its way out of negative territory, rising 0.1% on the stock market today.

Dow Jones Today: Boeing Steady Despite DOJ Fears

Boeing stock rallied about 2% despite reports that prosecutors have recommended the Department of Justice bring criminal charges against the aerospace giant.

Justice officials claimed last month that Boeing violated a settlement related to two fatal crashes involving its 737 Max aircraft. Boeing is trading above its 50-day moving average but below the 200-day line.

IBM (IBM) was actually faring best on the Dow Jones today, rising more than 2%. It was followed by Goldman Sachs (GS), Caterpillar (CAT) and Chevron (CVX).

Intel (INTC) and Salesforce (CRM) lagged, but were limited to declines of less than 1% each.

Stock Market Today: Cathie Wood Buys Roku Amid Plunge

Sometimes big-name investors will go where the average trader fears to tread. That was the case with Ark Invest Chief Executive Cathie Wood, who snapped up more Roku (ROKU) stock on Friday.

The firm’s flagship ARK Innovation (ARKK) exchange traded fund bought more than 48,000 shares in the streaming device play.

Roku stock is currently below its key 50-day and 200-day moving averages, MarketSurge analysis shows. This underlines its weakness. Earnings are also not ideal.

Since hitting a recent high of 108.84 in December, the stock has been in reverse gear. At Friday’s close it was down slightly more than 50% from that level.

Investor’s Business Daily recommends buying stocks with strong earnings and price performance, something Roku lacks at the moment. Look for leaders in strong industries that are showing superior earnings growth and sales.

Outside Dow Jones: 3 Stocks Near Entries

There were a few stocks trading near buy points in early action on the stock market today.

Brazilian digital bank play Nu Holdings (NU) cleared a flat base entry of 12.59, according to MarketSurge analysis. The move came in high volume.

The stock has a best-possible IBD Composite Rating of 99. Earnings have grown an average 294% over the past three quarters. Warren Buffett is a backer of the stock, and his Berkshire Hathaway (BRKB) owns shares.

Elsewhere, Meta Platforms (META) is homing in on a cup-with-handle buy point of 514.01. This is a midstage base.

Overall performance is very good, which is reflected in Meta’s near-perfect IBD Composite Rating of 98. Meta stock is a member of the IBD Tech Leaders list. Roughly 48% of its stock is currently held by funds, according to MarketSurge data.

Further, insurance stock Manulife Financial (MFC) is nearing a weekly chart flat-base entry of 26.81 on the stock market today. Overall performance is excellent, netting the stock an IBD Composite Rating of 97.

Please follow Michael Larkin on X, formerly known as Twitter, at @IBD_MLarkin for more analysis of growth stocks.

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