Dow Jones Discount Retailer Walmart Offers Latest Buy Point Amid Market Weakness

As the Dow Jones Industrial Average and other stock indexes fell during Tuesday’s session, discount retailers Walmart (WMT) and Five Below (FIVE) — along with data center stocks Powell Industries (POWL) and Texas Pacific Land (TPL) — were among the best names to watch in the currently volatile market.

But with key indexes trying to stabilize after heavy losses in recent weeks, investors using The IBD Methodology await exceptional breakouts past correct buy points, while playing defense as they watch for sell signals.

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Dow Jones index component Walmart is trying to regain its 50-day moving average, according to IBD MarketSurge chart analysis. Shares rallied nearly 3% Tuesday afternoon, trading just below that key level. They are forming a flat base with a 134.69 buy point.

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Non-Dow Jones Stocks To Watch: Five Below, Powell

Two names to watch that are not part of the Dow Jones index are Five Below and Powell Industries.

Five Below stock is trading Tuesday just above a 229.33 entry in a short consolidation, amid the session’s 0.1% afternoon rise. The 5% buy zone runs up to 240.80.

Five Below stock backstory: Last week, the discount retailer reported January-quarter adjusted earnings of $4.31 a share, a year-over-year increase of 24%. Sales also jumped 24%, to $1.73 billion. Results beat analysts’ estimates. Same-store sales rose 15.4%, above analyst and company estimates of 14.5%, according to FactSet.

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Meanwhile, shares of Powell Industries are rebounding from their 50-day line as they form the right side of a cup base. The base has a 612.50 buy point. Keep an eye out for a potential handle to offer a lower entry. The stock climbed about 2% during Tuesday’s trade.

Powell stock backstory: The company provides specialized electrical gear and services for the oil and gas industry, which accounts for about half the company’s revenue.

Powell also works in mining, rail and other heavy industry projects. In the last decade or so, the company turned its focus to electric utilities, which grew to one-fourth of total revenue last year. But the most impactful growth areas are utilities and commercial development, where construction of artificial intelligence data centers is exploding and driving demand for electricity.

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Texas Pacific Land Flirts With Buy Point

Another name to watch outside the Dow Jones Industrial Average is Texas Pacific. The stock gained 2% Tuesday afternoon, approaching a 547.20 entry in a short consolidation.

Texas Pacific Land stock backstory: Texas Pacific is the state’s largest private landowner and, in recent months, has started leasing its land to data center developers.

The company is capitalizing on the AI boom, which has led to a massive nationwide buildout of the data centers needed to generate the computing power the technology requires.

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Investing Tips

Investor’s Business Daily maintains its recommended stock exposure at 0% to 20% due to heavy losses in recent sessions. That means IBD readers should adjust their exposure by cutting losses short. They can add limited exposure by buying stocks with exceptional breakouts, but those are in short supply.

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.

Best Stocks To Watch, Including A Dow Jones Index Leader

These are the best stocks to watch near buy points, including Dow leader Walmart.

Follow Scott Lehtonen on X at @IBD_SLehtonen for top stocks to watch and the Dow Jones Industrial Average action.

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