With the Dow Jones Industrial Average looking to end the year with solid gains, the best Dow Jones stocks to watch in December 2024 are Apple (AAPL), Nvidia (NVDA), Salesforce (CRM), Sherwin-Williams (SHW) and Travelers (TRV).
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There are clear winners — and losers — at the start of December. The top three performing blue chip stocks in 2024 through December 4 were Nvidia, Walmart (WMT) and American Express (AXP), posting advances of 183.2%, 78.1% and 61.3%, respectively.
The worst three Dow Jones stocks in 2024 so far are Boeing (BA), Nike (NKE) and Merck (MRK), with respective declines of 40.5%, 27.4% and 6.6%.
In the first week of December 2024, the S&P 500 is up 26.8%, while the Dow Jones Industrial Average is up 18.6% for the period. And the Nasdaq is up 29.8% since Jan. 1.
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 U.S.
Best Dow Jones Stocks To Watch
| Company Name | Symbol | Closing Price | 2024 Performance |
|---|---|---|---|
| Apple | (AAPL) | 243.01 | +26.0% |
| Nvidia | (NVDA) | 145.14 | +183.2% |
| Salesforce | (CRM) | 367.87 | +26.0% |
| Sherwin-Williams | (SHW) | 392.07 | +26.8% |
| Travelers | (TRV) | 261.78 | +36.8% |
Source: IBD Data As Of Dec. 4, 2024
Amid the current stock market rally — according to the IBD Big Picture — investors should focus on stocks that show strong relative strength. These could continue to be 2024 market leaders if the Dow Jones Industrial Average is able to extend its gains.
The best Dow Jones stocks to watch in 2024 include Apple, Nvidia, Salesforce, Sherwin-Williams and Travelers.
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Dow Jones Leader: Apple Stock
Among Dow Jones stocks in the Magnificent Seven, Apple stock fell 0.1% Friday, ending a five-day win streak.
Apple shares are above a 237.49 buy point in a flat base.
Nvidia Stock Rebounds
Nvidia stock reversed 1.8% lower Friday. The stock is just above a 140.76 buy point and rebounding from the 10-week line, a critical support area.
In recent weeks, Nvidia beat Wall Street’s targets for its fiscal third quarter, but its sales outlook for the current period was only slightly above views.
The tech titan is an IBD Leaderboard stock.
Salesforce Hits New High
Software leader Salesforce surged to new highs this week after the company reported third-quarter earnings that missed estimates amid a one-time investment loss, while revenue and a key metric came in above expectations. Salesforce appears to be gaining traction with new artificial intelligence products, analysts said.
Shares of Salesforce climbed 0.2% Friday.
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Sherwin-Williams Eyes Buy Point
Paint giant Sherwin-Williams is attempting to break out past a 392.57 buy point in a flat base.
Shares fell 0.1% Friday, just below their buy trigger.
Travelers Stock Forms Base
Insurance giant Travelers is forming a cup-with-handle base with a 269.05 buy point and is about 2% away from that entry.
Travelers stock moved down 0.8% Friday.
Tip: Before making investment decisions, be sure to check current market conditions, and use IBD Stock Checkup to see if your stock gets good ratings for the most important fundamental and technical criteria. To get ongoing chart analysis and trading signals, check out the unique features, stock lists and chart annotations at MarketSurge, Leaderboard and SwingTrader.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on Dow Jones stocks and the stock market.
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