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The Dow Jones Industrial Average finished the month of May squarely off its mid-month lows. The best Dow Jones stocks to buy and watch in June are Apple (AAPL), Chevron (CVX), Dow (DOW), Microsoft (MSFT) and Travelers (TRV).
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There are clear winners — and losers — at the end of May. The top three performing Dow Jones stocks through May 31 were Chevron, Merck (MRK) and Dow with advances of 48.8%, 20.1% and 19.9%, respectively.
The three biggest Dow Jones losers through May were Salesforce (CRM), Boeing (BA) and Cisco Systems (CSCO) with respective declines of 37%, 34.7% and 28.9% for the year.
The tech-heavy Nasdaq finished May down 22.8% for the year. The S&P 500 was down 13.3%, while the Dow Jones Industrial Average was down 9.2% through May 31.
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 | 2022 YTD Performance |
|---|---|---|---|
| Apple | (AAPL) | 148.84 | -16.2% |
| Chevron | (CVX) | 174.66 | +48.8 |
| Dow | (DOW) | 67.98 | +19.9% |
| Microsoft | (MSFT) | 271.87 | -19.2% |
| Travelers | (TRV) | 179.04 | +14.5% |
Source: IBD Data As Of May 31, 2022
Amid the current stock market rally— according to the IBD Big Picture — investors should focus on the top stocks that show strong relative strengths. They could be some of the market’s leaders if the Dow Jones Industrial Average is able to extend its rebound.
Potential Dow Jones stocks to buy and watch in June that are in or near buy zones include Apple, Chevron, Dow, Microsoft and Travelers.
Stock Market ETF Strategy And How To Invest
Apple Stock
Apple stock sold off 3.2% Friday, and remains far below its 50- and 200-day lines. Apple shares are about 25% off their 52-week high.
According to the IBD Stock Checkup, Apple stock shows a 75 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.
Chevron Stock
Energy giant Chevron is above a flat base’s 174.86 buy point and in the 5% buy area that goes up to 183.60.
Chevron shares dipped 0.3% Friday.
Dow Stock
Dow stock is building a flat base with a 71.96 buy point. Shares lost nearly 4% Friday and are below support around their 50-day line.
The latest formation comes on the heels of a breakout past a cup with handle’s 65.04 entry.
Microsoft Stock
Dow Jones software leader Microsoft tumbled 3.7% Friday, as the top Dow Jones stock continues to build a new base. MSFT shares are below their 200-day line.
The stock is more than 25% off its 52-week high.
Travelers Stock Eyes Buy Point
Insurance giant Travelers is building a flat base with a 188.08 buy point, according IBD MarketSmith chart analysis. Shares found resistance at their key 50-day line this week.
Travelers shares declined 1.4% Friday.
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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