Apple (AAPL), Chevron (CVX), Merck (MRK), Microsoft (MSFT), and UnitedHealth Group (UNH) are some of the finest Dow Jones companies to buy and keep an eye on this August (UNH).
At the beginning of August, there are noticeable advantages and disadvantages.
For example, through July 29, the best-performing Dow Jones equities were Chevron (CVX), Merck (MRK), and Amgen (AMGN), in that order.
Disney (DIS), Nike (NKE), and Intel (INTC) were the worst-performing Dow Jones equities through July 29, with year-to-date drops of 31.5%, 31.1%, and 29.5%, respectively.
The Nasdaq, heavily weighted toward technology, has fallen 20.8% year-to-date as of July.
From their respective highs on May 21, the S&P was down 13.3%, and the Dow was down 9.6% as of July 29.
What Is the Dow Industrial Average (DJIA)?
The DJIA is a historical index created in 1896 with the initial inclusion of only 12 firms.
The 30 stocks that make up the Dow Jones are meant to be representative of the broader U.S. stock market.
The Nasdaq composite, which focuses on technology, and the Standard & Poor’s 500 index, which tracks the performance of the 500 most giant U.S. corporations, are two other prominent stock market indices.
5 Most Anticipated Stocks on the Dow
IBD Big Picture analysts have advised investors to put their money into the strongest relative performers in the current stock market surge.
If the Dow Jones Industrial Average continues its recent uptrend, these stocks might be among the market’s leaders.
Apple, Chevron, Merck, Microsoft, and UnitedHealth are all Dow Jones companies to keep an eye on in August since they are in or near their respective buy zones.
Apple Inc
IBD analysis shows that Apple stock dropped 3.2% on Friday despite the ongoing recovery and is now trading at around 10% below its 52-week high.
As a result, 176.25 is a purchase point.
Apple stock has 92 out of 99 IBD Rating, per the results of an IBD Checkup.
The IBD Rating is an effective tool for finding promising growth companies since it combines technical and fundamental indicators.
Chevron
The petroleum giant Chevron of the Dow is constructing the right side of a cup base with a buy price of 182.50. In addition, a short-term entry at 164.73 remains viable.
The share price of Chevron fell by 0.5% on Friday.
Merck
Drugmaker Merck has formed a new flat base with a 95.82 purchase point, although it is still approximately 7% away from the entrance.
Shares dropped 1% on Friday, extending their slide below the 50-day moving average.
Microsoft
Microsoft, the software market leader and a Dow component fell 3.1% on Friday and closed at its 50-day moving average.
Shares of MSFT have dropped almost 23% from their 52-week high.
UnitedHealth Group
UnitedHealth, a major health insurance provider and company on the IBD Leaderboard fell 1.8% on Friday, putting it back inside buying range above the 518.80 purchase point of its double-bottom-with-handle base.
