The Dow Jones Industrial Average (DJIA) is struggling to find direction out of the gate, as fresh economic data and earnings announcements hit the Street. While a few big-name stocks are moving higher, others are coming under pressure, which makes stock picking especially important for traders. The following are the DJIA stocks to watch today.
Boeing (BA) – Soaring on Strong Demands
Boeing’s stock is higher by more than 3% after the aerospace firm posted a bigger-than-expected number for its most recent quarter. Strong orders for commercial jets and a recovery in supply chain concerns have bolstered investor confidence. If the rally is sustainable, BA might continue to lift the Dow today.
Apple(AAPL)
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Apple is up almost 2% after analysts bumped up their price targets on strong growth in its AI-enabled devices and services. People are already excited for the next iPhone 17, rumored to come with advanced AI. If tech holds, AAPL could lend support to the Dow today.
Johnson & Johnson (JNJ) – Slumping Pharma Sales Drag Down Stock
Johnson & Johnson is a little lower after its latest earnings report included weaker-than-expected drug sales. Its medical devices business has shown strength, but a deceleration in its pharmaceutical revenue is weighing on the stock. Investors are watching for updates on new drug approvals.
JPMorgan Chase (JPM) – Bank Bears Boast About Broader Profits Here!
JPMorgan shares are rising as rising bond yields increase profit expectations for the big banks. And with the Federal Reserve possibly cutting rates later this year, investors are also betting that bank earnings will continue to be healthy. JP is one of the financial stocks that are propping up the Dow today.
Microsoft (MSFT) – Cloud and AI Growth Story Progresses
Microsoft is up more than 1% as its cloud computing and AI business continues to grow. The company’s new AI tools for businesses are widely popular, and analysts anticipate another good earnings report when Microsoft reports again next month. MSFT is still a Dow stock to keep an eye on
Walmart (WMT) – Attention on Consumer Spending
Walmart remains neutral as investors wait for news about spending trends by consumers. With inflation cooling, shoppers might have more money to spend, which could help Walmart’s sales. WMT could be boosted by any bullish retail data today.
Tesla (TSLA) – Out of the Dow but in Market Minds
While Tesla is not a member of the Dow, the trading moves of its stock often have the effect of influencing broader market trends. TSLA is up today after news of a new battery technology breakthrough. If tech and EV stock gains graffiti other markets like those of the Dow’s Apple and Intel.
Hopes of a Fed Rate Cut Help to Lift the Market
Hopes for a September rate cut are on the rise after the latest inflation data proved softer than expected. That is giving a lift to stocks, especially in rate-sensitive sectors like tech and banking. If Fed officials suggest that they are likely to begin easing policy soon, the Dow could stage a more robust rally.
Key Risks to Watch Today
Risks persist after the positive moves — geopolitical tensions, high oil prices, and uncertainty surrounding the U.S. election could bring volatility. Traders will want to keep an eye out for any news that could roil the market later in the day.
Conclusion
Though the broader market is cautiously optimistic, individual stocks such as Boeing, Apple, JPMorgan, Qualcomm, and others are displaying increasing strength. In addition, investors would be wise to keep a close watch on these key names, not to mention any surprises from economic data or Fed speeches that could prompt the market to change direction.
