Dow Jones Stocks To Buy And Watch For April 2022; Apple Shows Buy Point

The Dow Jones Industrial Average ended March sharply off its February lows. The excellent Dow Jones shares to shop for and watch in April are American Express (AXP), Apple (AAPL), Caterpillar (CAT), Chevron (CVX) and Microsoft (MSFT).


There are transparent winners — and losers — on the finish of March. The best 3 appearing Dow Jones shares via March 31 had been Chevron, Travelers (TRV) and American Express with advances of 38.8%, 16.8% and 14.3%, respectively.

The 3 greatest Dow Jones losers in March had been Home Depot (HD), Nike (NKE) and (CRM) with respective declines of 27.9%, 19.3% and 16.45%.

The tech-heavy Nasdaq completed March down 9.1%. The S&P 500 was once down 4.95%, whilst the Dow Jones Industrial Average was once down 4.6% via March 31.

What Is The Dow Jones Industrial Average?

Founded in 1896 with 12 shares, the Dow Jones Industrial Average is among the oldest inventory marketplace indexes. There are 30 Dow Jones shares designed to function a bellwether for the overall U.S. inventory marketplace. Other primary inventory indexes come with the technology-heavy Nasdaq composite and the S&P 500 index — an index of the five hundred greatest corporations within the United States.

Best Dow Jones Stocks To Buy And Watch

Company Name Symbol Closing Price 2022 YTD Performance
American Express (AXP) 187.00 +14.3%
Apple (AAPL) 174.61 -1.7%
Caterpillar (CAT) 222.82 +7.8%
Chevron (CVX) 162.83 +38.8%
Microsoft (MSFT) 308.31 -8.3%
Source: IBD Data As Of March. 31, 2022

Amid the present inventory marketplace rally — in keeping with the IBD Big Picture — buyers will have to center of attention at the best shares that display sturdy relative power after the new inventory marketplace weak spot. They may well be a few of marketplace’s leaders if the Dow Jones Industrial Average is in a position to prolong its fresh rally.

Potential Dow Jones shares to shop for and watch in April which might be in or close to purchase zones come with American Express, Apple, Caterpillar, Chevron and Microsoft.

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Dow Jones Stock Leader Eyes Buy Point

American Express is development a cup with care for with a 194.45 purchase level. Shares are discovering beef up round their 200-day line, however are nonetheless underneath their 50-day line regardless of two instantly days of good points.

AXP stocks moved up 0.9% Thursday.

Apple Stock

Apple inventory offered off 3% Thursday, falling via its 50-day line. The inventory displays a modern purchase level at 179.71, on account of a care for on a double-bottom base. A breakout previous a double backside’s 176.75 purchase level failed Thursday when the inventory fell greater than 7% underneath the access, in keeping with IBD MarketSmith chart research.

According to the IBD Stock Checkup, Apple inventory displays a 93 out of a best-possible 99 IBD Composite Rating. The Composite Rating — a very easy technique to establish best enlargement shares — is a mix of key elementary and technical metrics to assist buyers gauge a inventory’s strengths.

Caterpillar Stock

Caterpillar is making an attempt to damage out previous a cup with care for‘s 227.15 purchase level. On the upside, the inventory’s relative power line is at its best stage since June 2021. CAT stocks jumped 4.4% Thursday.

The corporate will file its first-quarter income effects on April 28 earlier than the inventory marketplace open.

Chevron Stock

Energy large Chevron is tracing a flat base with a 174.86 purchase level. CVX stocks are sharply above a cup base’s 113.21 purchase level after an Oct. 20 breakout.

Chevron stocks inched decrease Thursday.

Microsoft Stock

Software chief Microsoft skidded 2.7% Thursday, as the highest Dow Jones inventory continues to construct a brand new base. MSFT stocks are underneath their 200-day line.

Microsoft is an IBD Leaderboard inventory.

Tip: Before making any funding choices, remember to take a look at present marketplace prerequisites, and use IBD Stock Checkup to look in case your inventory will get passing rankings for crucial elementary and technical standards. To get ongoing chart research, and signals to shop for and promote indicators, take a look at the original options, inventory lists and chart annotations at MarketSmithLeaderboard and SwingTrader.

Be positive to apply Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on Dow Jones shares and the inventory marketplace.


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