Dow Jones Stocks to Buy and Watch in May 2021

Strategic Insights -

The Dow Jones Industrial Average remained near record highs in April, with key performers like Walgreens Boots Alliance, Goldman Sachs, and American Express leading the charge with advances of 33.2%, 32.1%, and 26.8%, respectively. As the current stock market rally continues, investors are advised to focus on buying top stocks breaking out past correct buy points, with potential Dow Jones stocks to watch in May including Apple, Boeing, Disney, Goldman Sachs, and Microsoft.

Key Takeaways:

  • The Dow Jones Industrial Average remained near record highs in April, with a 10.7% gain through April 30.
  • Walgreens Boots Alliance, Goldman Sachs, and American Express were the top three performing Dow Jones stocks through April, with advances of 33.2%, 32.1%, and 26.8%, respectively.
  • Merck, Nike, and Procter & Gamble were the biggest Dow Jones losers through April, with declines of 8.9%, 6.3%, and 4.1%, respectively.
  • Investors should focus on buying top stocks breaking out past correct buy points, as they could be leaders if the indexes continue to set new highs.
  • Potential Dow Jones stocks to buy and watch in May include Apple, Boeing, Disney, Goldman Sachs, and Microsoft.
  • Apple stock is trying to break out past a cup with handle's 135.53 buy point, with a 77 out of a best-possible 99 IBD Composite Rating.
  • Boeing stock is below its key 50-day moving average line, but could be forming a new base after a previous breakout above a 244.18 buy point faded.
  • Disney stock is approaching a 203.12 buy point in a flat base, but is still below its key 50-day moving average.
  • Goldman Sachs stock has a flat base with a 356.96 buy point and rallied April 14 after strong trading and investment banking performance.
  • Microsoft stock is back in the 5% buy zone above a 246.23 buy point in a new flat base, and is a top-performing stock.

Statistics:

  • Dow Jones Industrial Average: 10.7% gain through April 30
  • Walgreens Boots Alliance: 33.2% advance through April
  • Goldman Sachs: 32.1% advance through April
  • American Express: 26.8% advance through April
  • Merck: 8.9% decline through April
  • Nike: 6.3% decline through April
  • Procter & Gamble: 4.1% decline through April
  • Apple: 77 out of a best-possible 99 IBD Composite Rating
  • Boeing: 0.6% decline on Wednesday
  • Disney: 0.1% decline on Wednesday
  • Goldman Sachs: 0.5% gain on Wednesday
  • Microsoft: 0.4% gain on Wednesday

Sources:

  • IBD Data As Of April 30, 2021

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