Have you looked at the Dow Jones industrial average today? What are the figures saying for an investor looking for some income? This average has remained at the season’s peak while the current stock market rally continues.
If you are looking forward to earning some income from the New York Stock Exchange and NASDAQ, you should buy the three best DJIA stocks: Disney, Nike, Apple, and Boeing.
At the end of Q1, the legendary DJIA was leading the stock market with a 7.8% gain. This is probably because there are at least 30 components that make up this index comprising some of the most reputable and mature companies in the US.
Dow has been in perfect condition, given that most of the investors are rotating out growth stocks. It is not obvious that because Dow gained an average of 8% in less than three months, there are no big-time values within the index.
Here are the three best Dow stocks you should be craving for this year:
1. Disney
According to the IBD Market Smith chart analysis, the Disney stock remains at its 50-day moving average. The shares keep rising at an average of 0.4%, as seen on Friday, pointing at some good signs. You should look forward to putting your money on this stock if you want to boost your income.
2. Nike
By late Thursday (24/06/2021), Nike was already blowing the fiscal fourth-quarter earnings estimates. Nike recorded an EPS of 9% and revenue of $$12.3 billion, which is higher than what most stock analysts have been saying.
The Nike stock surged by at least 15% on Friday and is in a buy range above the consolidation’s 148.05 buy point. This is according to the IBD Market Smith chart analysis.
3. Apple
Apple stock rose 0.1% on Friday, being one of the top gainers among the DJIA. This stock now approaches a new flat base of 137.17 buy point in the New York Stock Exchange.
Currently, Apple appears at 80 out of the best possible 99 IBD Composite Rating. This is according to the IBD Stock Checkup.
The composite rating is a blend of technical and fundamental metrics that investors use to gauge a stock’s strengths. It is one of the simplest identifiers of growth stocks in the global market.
Final Thoughts
When you are about to make an investment decision, the best you can do is check the prevailing market conditions. Then, visit the IBD Stock Checkup to determine if the stock you invest in meets all the technical and fundamental aspects that most investors look into.
Check the chart annotations, stock lists, and other unique features of the stock to get the basic buy and sell signals and chart analysis.
If you are looking forward to buying stock this year, you can count on the three companies we have shared here. Of course, you can always count on these stocks as long as the positive trends are consistent.
