NEW YORK (TheStreet) -- The Dow Jones Industrial Average set an all-time intraday high of 16735.51 on May 13, lagging the S&P 500 and Dow transports, which set all-time intraday highs at 1924.03 and 8113.49 on May 30, respectively.
Looking at the second "Crunching the Numbers" table below, we can see that 21 Dow components beat analysts' first-quarter earnings per share estimates. The largest beat was by 82 cents, by Travelers (TRV) ($93.25), and the stock is up 11% since April 1. That's the best performance among the Dow 30 stocks.
Three Dow components matched analysts EPS estimates, and since April 1 two of these are trading higher and one is trading lower.
Six Dow components missed analysts' EPS estimates, but only JPMorgan Chase (JPM) ($55.57) has lost ground since April 1. Its shares are down 8.4%, making it the worst performer among the Dow 30.
To review our pre-earnings profiles check out, The Dow Earnings Season Mega-Chart, posted on April 2. Since then 22 Dow components are trading higher, one is unchanged and seven have traded lower.Here are the profiles of the seven Dow stocks that will drive the Dow Industrial Average to a new all-time intraday high in June. The "Crunching the Numbers" tables follow. These companies are the strongest stocks in terms of momentum. When equity money managers adjust positions going into the end of the second quarter they will likely "window dress", selling year-to-date losers and buying the winners. DuPont (DD) ($69.31) is up 2.3% since April 1 and traded to a multiyear intraday high at $69.38 on May 30. The weekly chart is positive with its five-week modified moving average at $67.46. Holding a semiannual pivot at $69.07 targets semiannual and monthly risky levels at $70.15 and $72.16, respectively. Quarterly and annual value levels are $59.37 and $61.35, respectively. Disney (DIS) ($84.01) is up 3% since April 1 and set an all-time intraday high at $84.39 on May 30. The weekly chart is positive with its five-week MMA at $81.21. Holding a quarterly pivot at $83.23 indicates upside potential to a monthly risky level at $90.26. Weekly and semiannual value levels are $81.62 and $69.93, respectively. Intel (INTC) ($27.32) is up 5.1% since April 1 and set a 52-week intraday high at $27.32 on May 30. The weekly chart is positive with its five-week MMA at $26.29. Holding this week's pivot at $26.94 indicates upside potential to monthly and semiannual risky levels at $28.35 and $28.95, respectively. Semiannual and annual value levels are $26.33 and $20.78, respectively. Johnson & Johnson (JNJ) ($101.46) is up 3.6% since April 1 and is just below its all-time intraday high at $101.98 set on April 29. The weekly chart is positive but overbought with its five-week MMA at $99.49. Quarterly and semiannual value levels are $100.42 and $83.76, respectively. Above a weekly pivot at $101.65 is this month's risky level at $104.84. Microsoft (MSFT) ($40.94) is down just 1.2% since April 1, but recent strength is approaching its multiyear intraday high at $41.66 set on April 1. The weekly chart is positive with its five-week MMA at $39.87. Holding a weekly pivot at $40.17 targets this month's risky level at $44.58. Annual and semiannual value levels are $35.05 and $34.59, respectively. Travelers (TRV) ($93.45) is up 11% since April 1 and set an all-time intraday high at $94.31 on May 29. The weekly chart is positive but overbought with its five-week MMA at $90.23. Monthly and semiannual value levels are $91.96 and $87.73, respectively, with a weekly risky level at $95.90. Exxon Mobil (XOM) ($100.53) is up 2.9% since April 1 and set an all-time intraday high at $103.45 on May 7. The weekly chart is positive but overbought with its five-week MMA at $99.97. Quarterly and semiannual value levels are $96.97 and $91.91, respectively. A move above a semiannual pivot at $100.97 indicates upside potential to weekly and monthly risky levels at $103.67 and $108.16, respectively.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV