Dow Jones Stocks To Buy And Watch For February 2022


The Dow Jones Industrial Average ended January 2022 sharply off its record highs. The best Dow Jones stocks to buy and watch in February 2022 are American Express (AXP), Apple (AAPL), Chevron (CVX) and Microsoft (MSFT).


There are clear winners — and losers — heading into the middle of February. The top three performing Dow Jones stocks through January 2022 were Chevron, American Express and Merck (MRK) with advances of 11.9%, 9.9% and 6.3%, respectively.

The three biggest Dow Jones losers in January 2022 were Cisco Systems (CSCO), Home Depot (HD) and Nike (NKE) with declines of 12.15%, 11.6% and 11.2%, respectively.

Amid the current stock market rally, the tech-heavy Nasdaq finished January down 9.0%. The S&P 500 was down 5.3%, while the Dow Jones Industrial Average was down 3.3% through the end of January.

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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 Buy And Watch

Company Name Symbol Closing Price 2022 YTD Performance
American Express (AXP) 179.82 +9.9%
Apple (AAPL) 174.78 -1.6%
Chevron (CVX) 131.33 +11.9%
Microsoft (MSFT) 310.98 -7.5%
Source: IBD Data As Of Jan. 31, 2021

Amid the current stock market rally — according to the IBD Big Picture — investors should focus on the top stocks that show strong relative strength after the recent stock market weakness. They could be some of market’s leaders if the Dow Jones Industrial Average is able to continue its rebound.

Potential Dow Jones stocks to buy and watch in February 2022 that are in or near buy zones include American Express, Apple, Chevron and Microsoft.

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Dow Jones Stock Leader Breaks Out

American Express decisively regained its 10-week moving average in recent weeks. Now, AXP shares are in buy range past a cup base’s 189.13 buy point, according to IBD MarketSmith chart analysis. Shares were down 0.4% Friday.

Apple Stock

Apple stock slid 1.2% Friday, adding to Thursday’s losses. Shares are forming a cup with handle with a 176.75 buy point, according to IBD MarketSmith chart analysis.

According to the IBD Stock Checkup, Apple stock shows a solid 93 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

Energy leader Chevron hit the 20%-25% profit-taking zone from a 113.21 cup-base buy point in recent weeks, but has retreated since Feb. 11. Shares lost 0.2% Friday.

On Jan. 28, Chevron reported mixed fourth-quarter results.

Microsoft Stock

Software leader Microsoft dropped 1.1% Friday, as the top Dow Jones stock continues to build a new base. MSFT shares is below support at the 200-day line.

Microsoft is an IBD Leaderboard stock.

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 MarketSmithLeaderboard 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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