New IBD Leaderboard stock Tesla raced 2.9% higher Monday, extending a win streak to four sessions. Tesla broke out over a trendline and its recent high of 338, placing the electric-vehicle giant in a new buy area. New inflation readings arrive Tuesday

Economists expect the US headline inflation to have grown at a faster pace of 2.8% on year, against a 2.7% increase in June. In the same period, the core CPI – which excludes volatile food and energy prices – rose by 3.0%, faster than the prior reading of 2.9%.