The 5 Dow Jones Stocks (INDEXDJX:.DJI)
The Dow Jones Industrial Average completed the month of September at fresh 2022 lows. Apple (AAPL), Chevron (CVX), Merck (MRK), Microsoft (MSFT), and UnitedHealth Group (UNH) are some of the finest Dow Jones stocks to keep an eye on in the month of October (UNH).
At the beginning of October, both winners and losers are quite easy to identify. The top three performing Dow Jones equities through Sept. 30 were Chevron, Merck, and UnitedHealth, with year-to-date increases of 22.4%, 12.4%, and 0.6%, respectively.
Nike (NKE), Intel (INTC), and Salesforce (CRM) were the three Dow Jones equities with the poorest year-to-date performance as of Sept. 30, with respective decreases of 50.1%, 50.0%, and 43.4% for the year.
The tech-heavy Nasdaq concluded September down 32.4% for the year. As of Sept. 30, the S&P 500 had lost 24.8% of its value, while the Dow Jones Industrial Average had lost 20.9%.
What Is The Dow Jones Industrial Average (Dow Jones Stocks)?
Founded in 1896 with 12 firms, the Dow Jones Industrial Average is one of the oldest stock market indices. There are 30 stocks that make up the Dow Jones that is intended to act as a harbinger for the whole stock market in the United States. The Nasdaq composite, which is heavily weighted toward technology stocks, and the S&P 500 index, which is an indicator of the 500 largest firms in the United States, are two other important stock market indices.
Amid the current stock market drop — according to the IBD Big Picture — investors should focus on the top stocks that exhibit good relative strength. They have the potential to be some of the most successful companies on the market if the Dow Jones Industrial Average is able to recover from the lows it reached in 2022.
Apple, Chevron, Merck, Microsoft, and UnitedHealth are examples of potential Dow Jones stocks to purchase and monitor in October. All of these companies are either in or very close to buying zones.
According to the chart analysis provided by IBD MarketSmith, Apple share prices increased by 1.5% on Monday in an attempt to break a three-day losing streak.
The IBD Stock Checkup reveals that Apple shares currently have a 76 out of a maximum potential 99 IBD Composite Rating. This is according to the IBD. The Composite Rating is a combination of key fundamental and technical criteria that helps investors evaluate the merits of a business. It is a simple method for determining which stocks have the greatest potential for development.
Despite its comeback on Monday, Dow Jones energy behemoth Chevron continues to consolidate below its long-term 200-day line. This comes as U.S. oil prices rose by more than 5% throughout the trading day.
On Monday, Chevron stock appreciated by 4.1%.
Drug giant Merck is creating a flat base with a 95.82 purchase point but is around 9% away from the entrance.
Shares increased about 1% Monday but remain below their 50-day line.
Dow Jones software leader Microsoft rose 1.3% Monday, rebounding from Friday’s 52-week low.
Shares of MSFT have fallen almost 33 percent from their 52-week high.
Stock in UnitedHealth Group Inc.
UnitedHealth, a market leader in health insurance and an IBD Leaderboard stock, is showing signs of forming a new flat foundation with a purchase price of 553.23. On Monday, the price of the stock rose by roughly 2%.
According to the findings of the IBD Stock Checkup, UNH stock has an impressive 95 out of a possible 99 IBD Composite Rating.
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