4 Dow Jones Stocks To Buy And Watch In April 2021: Apple Rallies, Microsoft Is Breaking Out

investors2021-04-07

TheDow Jones Industrial Averageremain near record highs at the end of March, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in April 2021 areApple(AAPL),Boeing(BA),Disney(DIS) andMicrosoft(MSFT).

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There are clear winners — and losers — heading into the fourth month of 2021. The top three performing Dow Jones stocks through March wereWalgreens Boots Alliance(WBA),Intel(INTC) andCaterpillar(CAT) with advances of 37.7%, 28.5% and 27.4%, respectively.

The three biggest Dow Jones losers through March 2021 wereApple(AAPL),Nike(NKE) andWalmart(WMT) with declines of 7.9%, 6.1% and 5.8%, respectively.

Amid the current stock market rally, the tech-heavy Nasdaq ended March up 2.8%. The S&P 500 was up 5.8%, while the DJIA was up 7.8% through March 31.

What Is The Dow Jones Industrial Average?

Founded in 1896 with 12 stocks, theDow Jones Industrial Averageis 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 Buy And Watch

Company NameSymbolClosing Price2021 YTD Performance
Apple(AAPL)122.15-7.9%
Boeing(BA)254.72+19.0%
Disney(DIS)184.52+1.8%
Microsoft(MSFT)235.77+6.0%
Salesforce.com(CRM)211.87-4.8%
Visa(V)211.73-3.2%

Source: IBD Data As Of Feb. 26, 2021

Amid the current stock market rally — according to theIBD Big Picture— investors should focus on buying top stocks breaking out past correct buy points.

Focus on stocks that show strong relative strengthduring the recent stock market weakness. They could be some of market's leaders if the indexes are able to continue their rebound.

Potential Dow Jones stocks to buy and watch in April 2021 that are in or near buy zones include Apple, Boeing, Disney and Microsoft.

Apple Stock

Among the top Dow Jones stocks, Apple rose 0.25% Tuesday. Apple stock is below its 10-week line and is about 17% off its 52-week high. A strong rebound back above the 10-week level would be bullish for the stock's prospects.

On Feb. 18, the stock triggered the 7%-8% loss-cutting sell rule when it fell more than 7% below its 138.89 buy point in a cup with handle.

According to theIBD Stock Checkup,Apple stock showsa 67 out of a best-possible 99 IBD Composite Rating. TheComposite 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

Airplane maker Boeing is back in buy range above a 244.18 buy point in a cup base, according toIBD MarketSmithchart analysis. The 5% buy range goes up to 256.39.

Shares fell 1.6% Tuesday.

Disney Stock

Disney stock is in the buy range past a 183.50buy pointin aflat base, according to IBD MarketSmithchart analysis. The 5% buy area goes up to 192.68.

Disney stock moved up 0.65% Tuesday.

Microsoft Stock

Software giant Microsoft was down 0.5% Tuesday. Shares of the Dow Jones leader are breaking out above a 246.23 buy point in a new flat base.

Microsoft is anIBD Leaderboardstock. Per Leaderboard commentary, "Microsoft is now forming a flat base, even as it trades just above an earlier 232.96 buy point. It's still above an early entry of 228.22."

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.

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