The Dow Jones Industrial Average remains in recovery mode through the first quarter of 2023, above its 50-day moving average and well below its mid-October lows. The top Dow Jones stocks to buy and watch in April 2023 are Apple (AAPL), Boeing (LICENSED IN LETTERS), cisco systems (CSCO), Nike (NKE) and Microsoft (MSFT).
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There are clear winners, and losers, at the beginning of April. The three best-performing blue-chip stocks this year through April 6 were Sales force (CRM), Apple and Intel (INTC), recording increases of 45.2%, 26.7% and 24.1%, respectively.
The three worst stocks in the Dow Jones in March 2023 were 3M (HMM), Caterpillar (Cat and honeywell (HON), with respective decreases of 15.3%, 12.7% and 11.1%.
The tech-heavy Nasdaq rose 15.5% during the first week of April, and the S&P 500 gained 6.9%. The Dow Jones Industrial Average is up 1% year-to-date through April 6.
What is the Dow Jones Industrial Average?
Founded in 1896 with 12 stocks, the Dow Jones Industrial Average is one of the oldest stock indexes. There are 30 stocks in the Dow Jones designed to serve as an indicator of the US stock market in general. Other major stock indices include the high-tech Nasdaq Composite and the S&P 500 Index, an index of the 500 largest companies in the US.
Best Dow Jones Stocks to Watch
| Company Name | Symbol | closing price | performance to date |
|---|---|---|---|
| Apple | (AAPL) | 164.66 | +26.7% |
| Boeing | (LICENSED IN LETTERS) | 211.37 | +11.0% |
| cisco systems | (CSCO) | 51.27 | +7.6% |
| Nike | (NKE) | 120.22 | +2.7% |
| Microsoft | (MSFT) | 291.60 | +21.6% |
Source: EII data as of April 6, 2023
Amid the current bullishness of the stock market, according to IBD Big Picture, investors should focus on top stocks that show strong relative strength. These could be market leaders in 2023 if the Dow Jones Industrial Average can extend recent gains.
The best Dow Jones stocks to buy and watch in April near buy points include Apple, Boeing, Cisco, Systems, Nike, and Microsoft.
Stock Market ETF Strategy and How to Invest
apple stock
Apple shares sold off 1.6% on Monday but remain near their highest level since August and above a buy point of 157.48. AAPL shares fell 0.4% on Tuesday morning.
According to IBD Stock Checkup, Apple shares show a 93 out of the best possible composite rating of 99 IBD. An easy way to identify the fastest growing stocks, the composite rating is a combination of key fundamental and technical metrics to help investors gauge a stock’s strengths.
Boeing Stock is the leader in Dow Jones stocks
Boeing is nearing the buy point of 221.43 of a flat base, according to pattern recognition from IBD MarketSmith.
The shares rose 0.6% on Tuesday, rebounding from their 50-day line.
Cisco shares give up point of purchase
Cisco Systems breached the 51.84 buy point of a flat base during recent advances. Cisco fell 0.8% on Tuesday, still below the buy point, but faces no immediate selling signals.
Bullishly, the stock’s relative strength line hit a new high in recent weeks, a sign of market outperformance.
Nike is one of the main stocks of Dow Jones
Shares of Nike were looking to recapture their 50-day line, rising 0.7% on Tuesday.
They continue to chart a flat base that has a buy point of 131.41. An early entry at 126.16 is also in play.
Microsoft shares
Microsoft shares fell back into the buy range past the buy point of 276.86 from a flat base during Monday’s 0.8% decline. The 5% buy area rises from the buy point to 290.70.
MSFT shares sold off 2.4% early Tuesday after a UBS note said Wall Street’s Azure estimates are too high. The analyst lowered the company’s growth estimates for Microsoft’s Azure cloud segment, saying recent trends continued into the first quarter.
Advice: Before making investment decisions, be sure to check current market conditions and use the IBD Stock Review to see if your stocks score well on the most important fundamental and technical criteria. For continuous chart analysis and trading signals, check out the unique features, stock listings, and chart annotations at MarketSmith, Leaderboard, and SwingTrader.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on Dow Jones stocks and the stock market.
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