The Dow Jones Industrial Average remains near record highs at the start of July, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in July 2021 are Apple (AAPL), Boeing (BA), Disney (DIS), Microsoft (MSFT) and Nike (NKE).
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There are clear winners — and losers — in the seventh month of 2021. The top three performing Dow Jones stocks through June were Goldman Sachs (GS), American Express (AXP) and Walgreens Boots Alliance (WBA) with advances of 43.9%, 36.7% and 31.9%, respectively.
The three biggest Dow Jones losers through June 2021 were Verizon Communications (VZ), Disney (DIS) and Proctor & Gamble (PG) with declines of 4.6%, 3% and 3%, respectively.
Amid the current stock market rally, the tech-heavy Nasdaq ended June up 12.5%. The S&P 500 was up 14.4%, while the DJIA was up 12.7% through June 30.
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What Is The Dow Jones Industrial Average?
Founded in 1896 with 12 stocks, the Dow Jones Industrial Average is one of the oldest stock market indexes. There are 30 Dow Jones stocks designed to serve as a bellwether for the general U.S. stock market. Other major stock indexes include the technology-heavy Nasdaq composite and the S&P 500 index — an index of the 500 largest companies in the United States.
Best Dow Jones Stocks To Buy And Watch
| Company Name | Symbol | Closing Price | 2021 YTD Performance |
|---|---|---|---|
| Apple | (AAPL) | 136.96 | +3.2% |
| Boeing | (BA) | 239.56 | +11.9% |
| Disney | (DIS) | 175.77 | -3% |
| Goldman Sachs | (GS) | 379.53 | +43.9% |
| Microsoft | (MSFT) | 270.90 | +21.8% |
| Nike | (NKE) | 154.49 | +9.2% |
Source: IBD Data As Of June 30, 2021
Amid the current stock market rally — according to the IBD Big Picture — investors should focus on buying top stocks breaking out past correct buy points.
Focus on stocks that show strong relative strength during the recent stock market strength. They could be some of market’s leaders if the Dow Jones Industrial Average is able to hit more record highs.
Potential Dow Jones stocks to buy and watch in July 2021 that are in or near buy zones include Apple, Boeing, Disney, Microsoft and Nike.
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Apple Stock
Among the top Dow Jones stocks, Apple cut gains to 1% Tuesday. The stock is extended past a cup base’s 137.17 buy point. The buy zone goes up to 144.03.
According to the IBD Stock Checkup, Apple stock shows a 93 out of a best-possible 99 IBD Composite Rating. The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.
Boeing Stock
Airplane maker Boeing is moving up the right side of a new base, according to IBD MarketSmith chart analysis. Shares are forming a new consolidation base, offering a new entry at 278.67.
Shares dived 3.75% Tuesday.
Disney Stock
Disney stock regained its key 50-day moving average Monday, according to IBD MarketSmith chart analysis.
Shares fell 0.4% Tuesday.
Microsoft Stock
Software giant Microsoft moved up 1.2% Tuesday. Shares of the Dow Jones leader are out of buy range above a new cup base’s 263.29 buy point.
Microsoft is an IBD Leaderboard stock. Per Leaderboard commentary, “Microsoft has passed its buy point from a new cup, and is now mildly above the buy zone. The relative strength line is ascending again, hitting new highs and backing the stock’s advance.”
Nike Stock
Nike blew away fiscal fourth-quarter earnings estimates on June 24. The company reported EPS of 93 cents on revenue of $12.3 billion, much higher than analyst estimates.
The stock lost 0.3% Tuesday, and remains extended past a consolidation’s 148.05 buy point, according to IBD MarketSmith chart analysis.
Tip: Before making any investment decisions, be sure to check current market conditions, and use IBD Stock Checkup to see if your stock gets passing ratings for the most important fundamental and technical criteria. To get ongoing chart analysis, and alerts to buy and sell signals, check out the unique features, stock lists and chart annotations at MarketSmith, Leaderboard and SwingTrader.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on Dow Jones stocks and the stock market.
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