5 Dow Jones Stocks To Buy And Watch In August 2021: Apple Sells Off

The Dow Jones Industrial Average remains astatine grounds highs successful the 2nd week of August, arsenic the existent banal marketplace rally continues. The champion Dow Jones stocks to bargain and ticker successful August 2021 are Apple (AAPL), Boeing (BA), Goldman Sachs (GS), Microsoft (MSFT) and Nike (NKE).

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There are wide winners — and losers — successful the 8 period of 2021. The apical 3 performing Dow Jones stocks done Aug. 6 were Goldman Sachs, American Express (AXP) and Microsoft with advances of 50.9%, 41.7% and 30.1%, respectively.

The 3 biggest Dow Jones losers done Aug. 6 were Verizon Communications (VZ), Merck (MRK) and Disney (DIS) with declines of 6%, 3.3% and 2.2%, respectively.

Amid the existent banal marketplace rally, the tech-heavy Nasdaq ended July up 13.9%. The S&P 500 was up 17%, portion the DJIA was up 14.1% done July 30.

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What Is The Dow Jones Industrial Average?

Founded successful 1896 with 12 stocks, the Dow Jones Industrial Average is 1 of the oldest banal marketplace indexes. There are 30 Dow Jones stocks designed to service arsenic a bellwether for the wide U.S. banal market. Other large banal indexes see the technology-heavy Nasdaq composite and the S&P 500 scale — an scale of the 500 largest companies successful the United States.

Best Dow Jones Stocks To Buy And Watch

Source: IBD Data As Of July 30, 2021

Amid the existent banal marketplace rally — according to the IBD Big Picture — investors should absorption connected buying apical stocks breaking retired past close bargain points.

Focus connected stocks that show strong comparative strength during the caller banal marketplace strength. They could beryllium immoderate of market's leaders if the Dow Jones Industrial Average is capable to deed much grounds highs.

Potential Dow Jones stocks to bargain and ticker successful August 2021 that are successful oregon adjacent bargain zones see Apple, Boeing, Goldman Sachs, Microsoft and Nike.

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Apple Stock

Among the top Dow Jones stocks, Apple sold disconnected arsenic overmuch arsenic 1.5% earlier reversing somewhat higher Monday. Apple banal is successful a caller bargain country supra a 148 trend-line bargain point. The banal deed an all-time precocious connected July 15 astatine 150.

According to the IBD Stock Checkup, Apple banal shows a 92 retired of a best-possible 99 IBD Composite Rating. The Composite Rating — an casual mode to place apical maturation stocks — is simply a blend of cardinal cardinal and method metrics to assistance investors gauge a stock's strengths.

Boeing Stock

Airplane shaper Boeing is backmost beneath its 50-day line, according to IBD MarketSmith illustration analysis. Shares are astir 15% disconnected their 52-week high.

Boeing banal moved down 2.4% Monday. The institution reported its archetypal quarterly profit since 2019 connected July 28, earning 40 cents per stock connected gross of $17 billion.

Disney Stock

Disney banal mislaid 1.6% Monday, arsenic it continues to clasp supra its 50-day moving average. Shares are trying to interruption retired supra an aboriginal introduction astatine 186.39.

Late Thursday, Disney bushed Q3 estimates. The institution earned 80 cents per stock connected gross of $17.02 billion. Disney+ subscriptions of 116 cardinal bushed FactSet views for 115.2 million. ESPN+ had 14.9 million, and Hulu had 42.8 million.

Goldman Sachs Stock

Goldman Sachs banal is trying to interruption retired past a 393.36 bargain constituent successful a level basal and is successful bargain range, according to IBD MarketSmith illustration analysis. The 5% bargain portion goes up to 413.03.

Shares mislaid 1.05% Monday.

Microsoft Stock

Software elephantine Microsoft moved down 0.1% Monday. Shares of the Dow Jones person are retired of bargain scope supra a caller cupful base's 263.29 bargain point.

Microsoft is an IBD Leaderboard stock. Per Leaderboard commentary, "Microsoft has passed its bargain constituent from a caller cup, and is present mildly supra the bargain zone. The comparative spot enactment is ascending again, hitting caller highs and backing the stock's advance."

Nike Stock

Nike blew distant fiscal fourth-quarter net estimates connected June 24. The institution reported EPS of 93 cents connected gross of $12.3 billion, overmuch higher than expert estimates.

The banal moved down 0.1% Monday, and remains extended past a consolidation's 148.05 bargain point, according to IBD MarketSmith illustration analysis.

Tip: Before making immoderate concern decisions, beryllium definite to check current marketplace conditions, and use IBD Stock Checkup to spot if your banal gets passing ratings for the astir important cardinal and method criteria. To get ongoing illustration analysis, and alerts to bargain and merchantability signals, cheque retired the unsocial features, banal lists and illustration annotations at MarketSmith, Leaderboard and SwingTrader.

Be definite to travel Scott Lehtonen connected Twitter at @IBD_SLehtonen for much connected Dow Jones stocks and the banal market.

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