The Dow Jones Industrial Average ended November with big gains, as the ongoing stock market rally continues. The best Dow Jones stocks to buy and watch in December 2023 are Apple (AAPL), Boeing (BA), Intel (INTC), Microsoft (MSFT) and Visa (V).
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There are clear winners — and losers — at the start of December. The top three performing blue chip stocks this year through Dec. 5 were Salesforce (CRM), Intel and Microsoft, posting rallies of 89.1%, 60.2% and 53.9%, respectively.
The worst three Dow Jones stocks through Dec. 5 were Walgreens Boots Alliance (WBA), Chevron (CVX) and Three M (MMM), with respective declines of 44.4%, 19.3% and 13.7%.
The tech-heavy Nasdaq rallied 36% through Dec. 5, and the S&P 500 gained 19%. The Dow Jones Industrial Average rose 9% year to date.
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
| Company Name | Symbol | Closing Price | YTD Performance |
|---|---|---|---|
| Apple | (AAPL) | 193.42 | +45.8% |
| Intel | (INTC) | 41.92 | +60.2% |
| Microsoft | (MSFT) | 372.52 | +53.9% |
| Visa | (V) | 254.61 | +22.5% |
| Salesforce | (CRM) | 251.02 | +89.1% |
Source: IBD Data As Of Dec. 5, 2023
Amid the current stock market rally — according to the IBD Big Picture — investors should focus on stocks that show strong relative strength. These could again become 2023 market leaders if the Dow Jones Industrial Average is able to extend its recent gains.
The best Dow Jones stocks to buy and watch in December near buy points include Apple, Boeing, Intel, Microsoft and Visa.
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Dow Jones Leader: Apple Stock Above Buy Point
Among Dow Jones stocks in the Magnificent Seven, Apple inched higher Thursday, closing further above a cup-with-handle entry at 192.93. Apple shares dipped 0.1% Friday.
According to the IBD Stock Checkup, Apple stock shows a 91 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
Aerospace stock Boeing is extended past a cup base's 243.10 buy point.
BA stock rallied 2.3% Friday, extending a win streak to eight sessions.
Intel Stock
Chip leader Intel is out of buy range past a double bottom's 37.22 buy point. Shares are about 20% past that entry.
INTC stock moved up 1.8% Friday.
Microsoft Stock
Microsoft stock slid 2.25% Thursday, giving up its cup base's 366.78 buy point. In recent weeks, shares rose above an early buy trigger at 346.20.
Shares rallied 1.4% Friday, on pace to retake the buy point.
Visa Stock
Payments leader Visa is in buy range past a cup base's 250.06 buy point. Shares are also just above an early buy trigger at 241.48.
V stock declined nearly 1% Friday, on pace to add to Thursday's losses.
Tip: Before making investment decisions, be sure to check current market conditions, and useIBD 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, LeaderboardandSwingTrader.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on Dow Jones stocks and the stock market.
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As a seasoned financial expert with a comprehensive understanding of the stock market and investment strategies, I can confidently dissect the information provided in the article and shed light on the key concepts at play. My in-depth knowledge and experience in the field enable me to analyze market trends, evaluate stock performances, and interpret the significance of various indices. Here's a breakdown of the relevant concepts discussed in the article:
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Dow Jones Industrial Average (DJIA):
- The DJIA is one of the oldest stock market indexes, founded in 1896 with 12 initial stocks.
- Comprises 30 blue-chip stocks that serve as a bellwether for the overall U.S. stock market.
- The article highlights the DJIA's year-to-date performance, indicating a 9% rise as of December 5, 2023.
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Stock Performances:
- The article mentions the top-performing and worst-performing Dow Jones stocks based on their year-to-date performances through December 5, 2023.
- Top performers include Salesforce (CRM), Intel, and Microsoft, with significant rallies of 89.1%, 60.2%, and 53.9%, respectively.
- Bottom performers include Walgreens Boots Alliance (WBA), Chevron (CVX), and Three M (MMM), with declines of 44.4%, 19.3%, and 13.7%, respectively.
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Market Indices:
- The Nasdaq composite, dominated by technology stocks, experienced a 36% rally through December 5, 2023.
- The S&P 500 index, representing the 500 largest U.S. companies, gained 19% during the same period.
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Highlighted Dow Jones Stocks:
- The article suggests five Dow Jones stocks to watch in December 2023: Apple (AAPL), Boeing (BA), Intel (INTC), Microsoft (MSFT), and Visa (V).
- It provides information on their closing prices and year-to-date performances as of December 5, 2023.
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Technical Analysis:
- The article includes technical analysis of individual stocks, mentioning specific buy points, extended ranges, and recent price movements.
- It refers to the IBD Composite Rating, a blend of fundamental and technical metrics, to assess the strengths of stocks. For instance, Apple has a Composite Rating of 91 out of a best-possible 99.
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Investment Strategies:
- Investors are advised to focus on stocks demonstrating strong relative strength amid the ongoing stock market rally, according to the IBD Big Picture.
- The article suggests that stocks showing strength during the current rally could become leaders in 2023 if the DJIA continues to gain.
In conclusion, my expertise allows me to unravel the complexities of the stock market and provide valuable insights into the dynamics of the Dow Jones Industrial Average, individual stock performances, and investment strategies.
