Dow Jones Stocks To Purchase And Watch In October 2020: Apple, Microsoft Offers Latest Purchase Points

Dow Jones Stocks To Purchase And Watch In October 2020: Apple, Microsoft Offers Latest Purchase Points

The Dow Jones Industrial Average finished September in a fresh uptrend in the midst of a month of unpredictable market activity. Top Dow Jones stores to follow in October are Amgen (AMGN), Apple, Home Depot (HD) and Microsoft. There are obvious winners — and losers — within the first nine months of 2020. The top three Dow Jones stocks through Oct. 2 were Apple (AAPL), newly added Salesforce.com (CRM) and Microsoft (MSFT) with gains of 54.0 percent, 52.4 percent and 30.8 percent respectively. The three biggest losers by September were Boeing (BA), Chevron (CVX) and the Walgreens Boots Alliance (WBA), with losses of 49.3 per cent, 40.3 per cent and 39.1 per cent respectively. In the midst of the coronavirus market rally, the tech-heavy Nasdaq has risen by 28.0 per cent for the year through the end of Wednesday. Meanwhile, the S&P 500 is up 6.3 per cent, while the Dow Jones is down 1.1 per cent by the end of October.

What is the Industrial Average of Dow Jones?

Created in 1896 with 12 shares, the Dow Jones Industrial Average is one of the oldest stock market indices. There are 30 stocks of Dow Jones intended to act as a leading indicator of the U.S. stock market in general. Such big stock indices include the technology-heavy composite Nasdaq and the S&P 500 index — an index of the 500 biggest firms in the United States.  

Best Dow Jones Stocks To Buy And Watch

Company Name	Symbol	Closing Price	2020 YTD Performance
Amgen	(AMGN)	236.70	-1.8%
Apple	(AAPL)	116.97	+59.3%
Home Depot	(HD)	285.92	+30.9%
Microsoft	(MSFT)	215.81	+36.9%
Nike	(NKE)	130.98	+29.3%
Walmart	(WMT)	142.78	+20.1%

Source: IBD Data As Of Oct. 9, 2020

In the sense of the latest stock market rally — according to the IBD Major Picture — investors may be focused on stocks that have been the strongest during the recent market weakness. These securities would have clear relative strength lines and may be some of the latest uptrend stock market leaders. Potential Dow Jones purchase and watch stocks in October that are in or close purchasing areas include Amgen, Apple, Home Depot and Microsoft. Amgen Stock Fresh Dow Jones stock leader Amgen traces a flat base with a purchasing point of 265.07, according to MarketSmith chart review. There is an early entry at 260.16. Shares dropped by 0.4% on Friday. Amgen, along with Honeywell International (HON) and Salesforce, is a new entry to the Dow Jones Industrial Average. According to the IBD Stock Review, Amgen reveals 79 of the best-possible 99 IBD Composite Scores. Composite Rating — an simple way to classify the best growth stocks — is a mix of key qualitative and technical indicators to help investors measure the strengths of the portfolio. A possible flaw is the relative strength line of the stock lagging. The RS line tests the success of the stock price vs. the general market. Apple Stock Apple 's stock is in the process of seeking to find support at its main 50-day support mark. Apple's shares fell by 0.6 percent on Friday, and are around 11 percent off their 52-week peak. Shares traces the right side of a fresh cup with a stick, giving a buying point of 125.49. Home Depot Stock Home Depot stock is monitoring a flat base with a buying point of 293.05. Shares went up by 0.65 percent on Friday. The home improvement retailer burst out over a 259.39 buying point in a cup with a handle on July 15. Bullishly, the stock RS line is nearing a new peak, signaling good stock market success. Microsoft's Stock Microsoft's stock rose 0.6 percent on Friday, as the stock is nearing a 225.31 buying point in a cup with a handle. Source: Investopedia https://www.investors.com/research/dow-jones-stocks/?src=A00220&yptr=yahoo