As the Dow Jones Industrial Average and other stock indexes moved lower Tuesday, retail giant Walmart (WMT), IBD Leaderboard stock Elbit Systems (ESLT), Gold Fields (GFI) and Rubrik (RBRK) are among the best names to watch in the current stock market.
While the stock market rally has cooled off a bit, investors should still be looking for new breakouts using The IBD Methodology. It's also important to raise and lower exposure methodically, as those positions gain or lose momentum.
Among the best-performing stocks in the Dow Jones average, Walmart stock is rapidly nearing a 100.89 buy point in a flat base, according to MarketSurge chart analysis. Shares slipped along with the broader market during Tuesday's trade.
Walmart stock backstory: The discount retail giant will report its fiscal second-quarter earnings results on Aug. 15. The company is expected to earn 73 cents per share on revenue of $175.6 billion, representing year-over-year increases of 8% and 4%, respectively.
Here's How To Analyze Stocks Like Nvidia In Good Times And Bad
Two names to watch outside the Dow Jones index are Elbit Systems and Gold Fields.
Shares of new IBD Leaderboard stock Elbit are breaking out past a 476.04 flat-base entry. They are in the 5% buy zone, even as they declined nearly 2% midday Tuesday.
Elbit backstory: Elbit, due to report fiscal second-quarter earnings on Aug. 13, has seen revenue growth accelerate for three straight quarters, to 22%. That was fueled not only by Israel's wars against Hamas, Hezbollah and Iran, but also a surge in European defense spending.
The conflicts in Ukraine and the Middle East, along with President Donald Trump's push for NATO allies to increase defense spending, are "propelling this supercycle we are seeing in defense spend," Elbit Chief Executive Bezhalel Machlis said on the company's May 20 earnings call. He noted the 5% of GDP target for defense-related spending by 2035 for NATO members, which are mostly based in Europe.
Yes, Top Funds Love Meta, Nvidia And Palantir. But They Go Absolutely Nuts For This AI Stock.
Meanwhile, Gold Fields surged past a 26.36 buy point Monday. Shares added to those gains midday Tuesday with a 5% advance, moving further out of buy range.
Gold Fields backstory: Gold Fields is based in South Africa, but also has interests in South America, Ghana and Australia.
Expanding outside of its home country has allowed the firm to broaden its revenue base. One such major project is its Salares Norte mine, a high-grade gold and silver deposit in the Atacama region of northern Chile. The company took 13 years to transition from exploration to production at the site in March 2024 and it's now ramping up the project.
As Wall Street Whipsaws, What's An Investor To Do? Start Here
Another name to watch outside the Dow Jones index is Rubrik. The recent IBD Stock Of The Day has formed a cup base with a 103 buy point. An early entry at 97.86 is also in play, the high price on July 31. Shares lost almost 4% Tuesday midday, trying to find support around the 50-day moving average.
Rubrik stock backstory: Rubrik makes security software for businesses across several industries. In June, the company said it entered into an agreement to buy Predibase to enable enterprises to access generative artificial intelligence models for data management.
Nvidia Stock Enjoys Its $4 Trillion Crown As Tesla Eats Crow
Following declines in recent sessions, Investor's Business Daily recommends a stock exposure of 60%-80% in the current market. That means that IBD readers should be adjusting their exposure by taking some profits while keeping a lookout for new breakouts.
An essential resource for daily breakouts is IBD MarketSurge's Breaking Out Today list. It shows MarketSurge Growth 250 stocks that are rising past fresh buy points. Before making any investment decisions, be sure to check current stock market conditions. Also, use IBD Stock Checkup to view ratings for the most important fundamental and technical criteria.
To get chart analysis on stocks to buy and watch, as well as high-odds buy-and-sell alerts, check out IBD MarketSurge, IBD Leaderboard, and IBD SwingTrader.
These are the best stocks to watch that are near buy points, including Dow Jones index leader Walmart.
| Symbol | Company | Chart analysis |
| (ESLT) | Elbit Systems | Breaking out past a 476.04 flat-base entry. |
| (RBRK) | Rubrik | Tests 10-week line in new cup with 103 entry. |
| (GFI) | Gold Fields | Extended past 26.36 buy point. |
| (WMT) | Walmart | Flat base has a 100.89 buy trigger. |
Follow Scott Lehtonen on X at @IBD_SLehtonen for top stocks to watch and the Dow Jones Industrial Average action.
YOU MAY ALSO LIKE:
Top Growth Stocks To Buy And Watch
Learn How To Time The Market With IBD's ETF Market Strategy
Find The Best Long-Term Investments With IBD Long-Term Leaders
Check Out IBD's New Exposure Levels To Help You Stay In Step With The Market Trend
Spot Buy Points And Sell Signals With MarketSurge Pattern Recognition
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.