Best Dow Jones Stocks To Buy And Watch In April: Apple, Boeing, Microsoft

The Dow Jones Industrial Average remains in rally mode through the first quarter of 2023, above its 50-day moving average and sharply off its mid-October lows. The best Dow Jones stocks to buy and watch in April 2023 are Apple (AAPL), Boeing (BA), Nike (NKE), Microsoft (MSFT) and Travelers (TRV).

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There are clear winners — and losers — at the start of April. The top three performing blue chip stocks this year through April 6 were Salesforce (CRM), Apple and Intel (INTC), posting rallies of 45.2%, 26.7% and 24.1%, respectively.

The worst three Dow Jones stocks in March 2023 were 3M (MMM), Caterpillar (CAT) and Honeywell (HON), with respective declines of 15.3%, 12.7% and 11.1%.

The tech-heavy Nasdaq rose 15.5% through the first week of April, and the S&P 500 gained 6.9%. The Dow Jones Industrial Average rose 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 market indexes. There are 30 Dow Jones stocks designed to serve as a bellwether for the general U.S. stock market. Other major stock indexes include the technology-heavy Nasdaq composite and the S&P 500 index — an index of the 500 largest companies in the U.S.

Best Dow Jones Stocks To Watch

Source: IBD Data As Of April 6, 2023

Amid the current stock market uptrend — according to the IBD Big Picture — investors should focus on top stocks that show strong relative strength. These could be 2023 market leaders if the Dow Jones Industrial Average is able to 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.

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Apple Stock

Apple shares fell 0.5% Monday, still near their highest level since August. Share are also squarely above a 157.48 buy point.

According to the IBD Stock Checkup, Apple stock shows a 94 out of a best-possible 99 IBD Composite Rating. The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.

Boeing Stock Is A Dow Jones Stock Leader

Boeing lost 1% Friday, but is still forming a flat base with a 221.43 buy point, according to IBD MarketSmith pattern recognition.

Shares moved down another 0.6% Monday, further below their 50-day line.

Nike Is One Of The Best Dow Jones Stocks

Nike shares looked to move higher above their 50-day line, rising 0.5% Friday.

They continue to trace a cup with handle that has a 127.59 buy point and are about 3% away from that entry.

Microsoft Stock

Microsoft shares remains in buy range past a flat base’s 276.86 buy point after Friday’s slight fall. The 5% buy area goes up from the buy point to 290.70.

MSFT stock dropped 0.8% Monday after Exane BNP Paribas downgraded the stock from outperform to neutral, cutting the price target from 310 to 300.

Travelers Stock

Travelers fell 0.4% Monday, still above its 50-day line after Wednesday’s 6.15% surge in the wake of the company’s strong Q1 results. The company also authorized an additional $5 billion of share repurchases and raised its quarterly dividend.

TRV stock is approaching a cup base’s 194.61 buy point.

Tip: Before making investment decisions, be sure to check current market conditions, and use IBD Stock Checkup to see if your stock gets good ratings for the most important fundamental and technical criteria. To get ongoing chart analysis and trading signals, check out the unique features, stock lists and chart annotations at MarketSmith, Leaderboard and SwingTrader.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on Dow Jones stocks and the stock market.

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