Dow Jones Shares to Buy in December 2020
The Dow Jones Industrial Index average closed the month of November near record levels as the current stock markets continued to rise. The most important shares of the index to be monitored in December were Apple (AAPL), Microsoft (MSFT) and Walmart (WMT).
Dow Jones Shares to Buy in December 2020
Winners and losers are clearly visible as we move towards the final month of 2020. The highest performing Dow Jones shares until November 30 were Apple (AAPL) with 62.2 percent, Salesforce.com (CRM) 51.1 percent and Microsoft (MSFT) with an increase of 35.7 percent. The biggest losers in the same time period were Walgreens Boots Alliance (WBA) with 35.5 percent, Boeing (BA) with 35.3 percent and Chevron (CVX) with 27.7 percent.
In the recovery period of the pandemic, the technology-heavy Nasdaq achieved a 42.2 percent increase throughout the year until the closing of Friday, December 18th. The S&P 500 rose 14.8 percent and the DJIA increased 5.7 percent until the closing last Friday.
What is the Dow Jones Industrial Average Index?
Founded in 1896 with 12 stocks, the Dow Jones Industrial Average is one of the oldest stock market indices.
There are 30 Dow Jones stocks designed to stand out for the general US stock market. Overall, there are 30 Dow Jones stocks designed to stand out for the US stock market. Other major stock indices include the technology-weighted Nasdaq and the S&P 500 index, which includes the 500 largest companies in the US.
Best Dow Jones Shares to Buy or Watch
Company |
Symbol |
Closing Price |
Performance to date in 2020 |
Apple |
(AAPL) |
119.05 |
+62.2% |
Home Depot |
(HD) |
277.41 |
+27.0% |
Microsoft |
(MSFT) |
214.07 |
+35.7% |
Nike |
(NKE) |
134.70 |
+33.0% |
Salesforce.com |
(CRM) |
245.80 |
+51.1% |
Walmart |
(WMT) |
152.79 |
+28.6% |
Source: IBD (Investor's Business Daily) Data as of 30 November 2020
- Investors should continue to use the power of the exchange for breakout purchases.
- Start slowly with new purchases and watch how it performs. If they're doing well, you can add more poses.
But if the breaks start to fail, then you can back off.
Potential Dow Jones shares that could be bought and watched in December include Apple, Microsoft and Walmart.
Apple Stock
Apple in the Dow Jones Index broke above an aggressive entry at 122.09 on December 1, according to MarketSmith Chart analysis. Meanwhile, stocks climb above another aggressive entry at 125.49, while the ordinary buying point is 138.08 for now.
Stocks surged nearly 5 percent on Tuesday, pushing earnings to 2.85 percent.
The solid and unquestionable stock was the No.1 performing Dow Jones stock in 2020, up 72.5 percent until Friday's close.
According to the IBD (Investor's Business Daily) rating, Apple stock meets 88 of the 99 best possible IBD Composite Rating.
An easy way to identify the most growing stocks, Composite Rating consists of a mix of basic and technical metrics to help investors measure the strengths of a stock.
Apple shares rank among IBD's leaders.
Microsoft Stock
Software giant Microsoft rose 0.6 percent on Tuesday. Stocks are standing above their 10-week limit and are approaching a favorable buy point at 228.22.
Microsoft also ranks among the leaders of an IBD.
Walmart Stock
Walmart, one of the Dow Jones leaders, is trading on a flat surface and just below the 151.43 buy point, according to MarketSmith Chart analysis. The 5 percent buying zone goes up to 159.00.
The stock fell 1.2 percent on Tuesday.
Walmart is the number 6 stock in the Dow Jones Industrial Average. Until its closing on Friday, it increased by 22.8 percent annually.
Tip: Before making any investment decision, be sure to check the current market conditions and see if your stocks have passed for the most important fundamental and technical criteria and receive ongoing chart analysis and signal trading alerts, check stock charts and chart notes. Use IBD Stock Checkup (IBD Stock Check) for
Source:
https://www.investors.com/
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