This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Stocks That Will Lift the Dow Jones Industrial Average to New High

Stocks in this article: AXP BA CAT CSCO CVX DD DIS GE GS HD IBM INTC JNJ JPM KO MCD MMM MRK MSF NKE PFE PG T TRV UNH UTX V VZ WMT XOM

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 - Get Report) ($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 - Get Report) ($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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs