Five members of the Dow Jones Industrial Average lead this week’s list of stocks to watch near buy points. Although each of the stocks is listed on the Dow, each hails from a different industry. Boeing stock is actionable as air travel recovers. JPMorgan Chase (JPM) is setting up as the banking sector shows signs of stabilization. Retail and fast food giants Walmart (WMT) and McDonald’s (MCD) make the list, along with computer network and software seller Cisco Systems (CSCO).
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Boeing Stock
Aerospace and defense giant Boeing reported narrower losses and improving sales the past two quarters. The company’s commercial aircraft unit booked solid revenue gains as travel demand and volume returns to pre-pandemic levels. And analysts don’t expect recent 737 Max and 787 Dreamliner production delays to have a major impact on Boeing’s delivery schedule, JPMorgan wrote in a research note Wednesday.
BA stock was added to SwingTrader Thursday. Boeing is actionable from its short-term levels and trendline. Shares are trading just below a 221.33 buy point in a flat base going back nearly four months after a strong uptrend that started in November.
Boeing stock has an 86 Composite Rating out of a best-possible 99. The Composite Rating combines various technical indicators into one easy-to-read score. Its relative strength line is off highs from the beginning of the year and BA stock has a 92 RS Rating out of 99. However, the string of quarterly losses earn Boeing stock a meager 59 EPS Rating.
Boeing stock has ascended 14% year to date.
JPMorgan Stock
JPMorgan Chase is doing much better than most banks following the string of failures in March. The New York-based bank behemoth rescued First Republic Bank at the beginning of May and the sector appears to have stabilized in recent weeks. However, there are still plenty of risks ahead for the sector and the full impact from the bank failures is still unknown.
JPMorgan has more than $3.7 trillion in assets and leads the Banks-Money Center Group, according to IBD Stock Checkup.
JPM stock is trending toward a 143.37 buy…
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