5 Dow Jones Stocks To Buy And Watch In November 2021: Apple Breaks Out Past New Buy Point

The Dow Jones Industrial Average ended October astatine grounds highs, arsenic the existent banal marketplace rally strengthens. The champion Dow Jones stocks to bargain and ticker successful November 2021 are American Express (AXP), Apple (AAPL), Goldman Sachs (GS), Merck (MRK) and Microsoft (MSFT).

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There are wide winners — and losers — astatine the commencement of the eleventh period of 2021. The apical 3 performing Dow Jones stocks done Oct. 29 were Goldman Sachs, Microsoft and American Express with advances of 56.7%, 49.1% and 43.7%, respectively.

The 3 biggest Dow Jones losers done Oct. 29 were Amgen (AMGN), Verizon Communications (VZ) and Disney (DIS) with declines of 9.9%, 9.8% and 6.7%, respectively.

Amid the existent banal marketplace rally, the tech-heavy Nasdaq ended October up 20.25%. The S&P 500 was up 22.6%, portion the Dow Jones Industrial Average was up 17% done Oct. 29.

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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 Oct. 29, 2021

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

Focus connected stocks that showed strong comparative strength during the caller banal marketplace weakness. They could beryllium immoderate of market's leaders if the Dow Jones Industrial Average is capable to proceed its upwards move.

Potential Dow Jones stocks to bargain and ticker successful November 2021 that are successful oregon adjacent bargain zones see American Express, Apple, Goldman Sachs, Merck and Microsoft.

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American Express Stock

American Express is supra a 178.90 bargain constituent successful a cupful with handle, according to IBD MarketSmith illustration analysis. The 5% bargain portion goes up to 187.85.

Shares fell 0.9% Wednesday.

This Dow Jones Stock Leader Eyes New Buy Point

Apple has formed a caller cup-with-handle basal with a 153.27 bargain point, according to IBD MarketSmith illustration analysis. Meanwhile, an aboriginal introduction astatine 152.53 is besides successful play. Shares traded up implicit 2% Wednesday and are successful bargain scope past the the caller entry.

According to the IBD Stock Checkup, Apple banal shows an 84 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.

Goldman Sachs Stock

Dow Jones banal Goldman Sachs moved down 2.2% Wednesday and is warring for enactment astir its cardinal 50-day line.

Goldman Sachs banal is beneath a level base's 420.86 bargain point, according to IBD MarketSmith illustration analysis.

Merck Stock

Merck banal fell 0.6% Wednesday. The cause shaper is extended past a 79.33 flat-base entry.

Microsoft Stock

Software elephantine Microsoft gained 0.4% Wednesday to deed a caller high. Shares are retired of bargain scope supra its latest bargain point. The flat base had a 305.94 bargain point, and the 5% bargain portion tops retired astatine 321.24.

Microsoft is an IBD Leaderboard stock. Per Leaderboard commentary, "Microsoft charged retired of its bargain portion aft different beardown net report. It present looks to beryllium taking a breather. The comparative spot enactment has risen to a caller high."

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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