The Dow Jones Industrial Average finished the month of September at new 2022 lows. The best Dow Jones stocks to watch in October are Apple (AAPL), Chevron (CVX), Merck (MRK), Microsoft (MSFT) and UnitedHealth (UNH).
XThere are clear winners — and losers —at the start of October. The top three performing Dow Jones stocks through Sept. 30 were Chevron, Merck and UnitedHealth with year-to-date rallies of 22.4%, 12.4% and 0.6%, respectively.
The worst three Dow Jones stocks through Sept. 30 were Nike (NKE), Intel (INTC) and Salesforce (CRM) with respective declines of 50.1%, 50.0% and 43.4% for the year.
The tech-heavy Nasdaq finished September down 32.4% for the year. The S&P 500 was down 24.8%, while the Dow Jones Industrial Average was down 20.9% through Sept. 30.
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 United States.
Best Dow Jones Stocks To Watch
| Company Name | Symbol | Closing Price | 2022 YTD Performance |
|---|---|---|---|
| Apple | (AAPL) | 138.20 | -22.2% |
| Chevron | (CVX) | 143.67 | +22.4% |
| Merck | (MRK) | 86.12 | +12.4% |
| Microsoft | (MSFT) | 232.90 | -30.8% |
| UnitedHealth | (UNH) | 505.04 | +0.6% |
Source: IBD Data As Of Sept. 30, 2022
Amid the current stock market correction — according to the IBD Big Picture — investors should focus on the top stocks that show strong relative strength. They could be some of the market's leaders if the Dow Jones Industrial Average is able to rebound from its 2022 lows.
Potential Dow Jones stocks to buy and watch in October that are in or near buy zones include Apple, Chevron, Merck, Microsoft and UnitedHealth.
Stock Market ETF Strategy And How To Invest
Apple Stock
Apple stock fell 0.3% Thursday, threatening to snap a three-day win streak, according to IBD MarketSmith chart analysis.
According to the IBD Stock Checkup, Apple stock shows a 77 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.
Chevron Stock
Dow Jones energy giant Chevron is back above its 50- and 200-day lines this week, as U.S. oil prices continue to rally.
Chevron shares rallied 2.1% Thursday.
Merck Stock
Drug giant Merck is forming a flat base with a 95.82 buy point, but is about 9% away from the entry.
Shares fell 0.8% Thursday and are trying to regain their 50-day line.
Microsoft Stock
Dow Jones software leader Microsoft declined 0.6% Thursday, set to end a three-day winning streak.
MSFT shares are about 30% off their 52-week high.
UnitedHealth Stock
Health insurance giant UnitedHealth is tracing a new flat base with a 553.23 buy point. Shares declined 1.3% Thursday.
UNH stock shows a strong 94 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup.
Tip: Before making any investment decisions, be sure to check current market conditions, and use IBD Stock Checkup to see if your stock gets passing ratings for the most important fundamental and technical criteria. To get ongoing chart analysis, and alerts to buy and sell 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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