Dow Jones Stocks To Buy And Watch In July: Microsoft Earnings Due

The Dow Jones Industrial Average rebounded just a bit greater than midway via the month of July after ending June again close to its latest lows. The greatest Dow Jones shares to purchase and watch in July are Apple (AAPL), Merck (MRK), Microsoft (MSFT) and UnitedHealth (UNH).

There are clear winners — and losers —midway via the month of July. The prime three performing Dow Jones shares via July 18 have been Merck, Chevron (CVX) and Amgen (AMGN) with advances of 20.5%, 18.9% and eight.4%, respectively.

The three greatest Dow Jones losers via July 18 have been Disney (DIS), Nike (NKE) and Salesforce (CRM) with respective declines of 38.2%, 37.6% and 33.9% for the yr.

The tech-heavy Nasdaq completed June down 29.5% for the yr. The S&P 500 was down 20.6%, whereas the Dow Jones Industrial Average was down 15.3% via June 30.

What Is The Dow Jones Industrial Average?

Founded in 1896 with 12 shares, the Dow Jones Industrial Average is likely one of the oldest inventory market indexes. There are 30 Dow Jones shares designed to function a bellwether for the overall U.S. inventory market. Other main inventory indexes embody the technology-heavy Nasdaq composite and the S&P 500 index — an index of the five hundred largest firms within the United States.

Best Dow Jones Stocks To Watch

Company Name
Symbol
Closing Price
2022 YTD Performance

Apple
(AAPL)
147.07
-17.2%

Chevron
(CVX)
139.58
+18.9%

Merck
(MRK)
92.34
+20.5%

Microsoft
(MSFT)
254.25
-24.4%

Travelers
(TRV)
154.99
-0.9%

Source: IBD Data As Of July 18, 2022

Amid the present inventory market rally — in accordance with the IBD Big Picture — traders ought to give attention to the highest shares that present sturdy relative energy. They may very well be among the market’s leaders if the Dow Jones Industrial Average is ready to prolong its rebound.

Potential Dow Jones shares to purchase and watch in July which can be in or close to purchase zones embody Apple, Johnson & Johnson, Merck, Microsoft and UnitedHealth.

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Apple Stock

Apple inventory dropped 0.55% Tuesday, threatening to increase a dropping streak to 3 periods. Apple shares are about 17% off their 52-week excessive, in accordance with IBD MarketSmith chart evaluation.

According to the IBD Stock Checkup, Apple inventory exhibits an 83 out of a best-possible 99 IBD Composite Rating. The Composite Rating — a simple option to determine prime development shares — is a mix of key basic and technical metrics to assist traders gauge a inventory’s strengths.

Merck Stock

Drug large Merck broke out previous a flat base’s 95.02 purchase level in latest weeks, however is about 4% under the entry following Monday’s 0.5% rise. Merck shares moved up 1.2% Tuesday.

If the inventory is ready to regain the entry, the 5% purchase space goes as much as 99.77.

Microsoft Stock

Dow Jones software program chief Microsoft bought of three.3% Tuesday forward of the corporate’s earnings outcomes after the shut. MSFT shares are about 27% off its 52-week excessive.

The firm is anticipated to earn $2.29 a share on income of $52.3 billion.

UnitedHealth Stock

Health insurance coverage large and IBD Leaderboard inventory UnitedHealth is in purchase vary above its double-bottom-with-handle base’s 518.80 purchase level amid Tuesday’s 1.2% acquire.

UNH inventory exhibits a strong 95 out of an ideal 99 IBD Composite Rating, per the IBD Stock Checkup.

Tip: Before making any funding choices, be sure you verify present market situations, and use IBD Stock Checkup to see in case your inventory will get passing rankings for a very powerful basic and technical standards. To get ongoing chart evaluation, and alerts to purchase and promote indicators, take a look at the distinctive options, inventory lists and chart annotations at MarketSmith, Leaderboard and SwingTrader.

Be certain to comply with Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on Dow Jones shares and the inventory market.