Here are 3 Dow stocks that just might work for you. (September 24, 2019)
DIA KO BA PG
Today I want to look at a few Dow ( NYSEARCA: DIA ) stocks and this is why, because there is not a darn thing else to be really looking at. I was thinking, we’ve got 30 stocks in the Dow ( NYSEARCA: DIA ), which ones are the ones that have kind of been performing the best in a really brutal market, particularly today? And I am not just talking about the one that went up the most today. I am just talking about overall bullish chart patterns and I have got three of them for you.
First of all, Coca-Cola ( NYSE: KO ). It was flat, basically, up 0.16, flat on a day when everything else seemed to be selling off. Well, this to me is starting to form the bottom of what, hopefully, will be a base here. I think you can be buying this stock here as long as you’ve got a stop just a little bit below this last line here; we’ll put it down here at 53.63, so you keep your stop just a little bit below that and this is a low-risk entry.
Another one is Boeing ( NYSE: BA ), and the reason I am mentioning this is, they have had bad news. I forget what country it is, not to be insensitive, but whoever it was they ruled that the crash that killed all those folks was actually a faulty design. I am not really sure how that could be much of a surprise to the market but still bad news. Well, the stock is still up a bit, so this is something you could consider buying or at least if you have it already don’t sell it.
And the lastly, Procter & Gamble ( NYSE: PG ). Look, no matter what the market does people don’t want to have bad breath and they definitely don’t want to stink. So they are going to wash their hair, some more than others, and they are definitely going to be putting the stuff underneath their armpits, etcetera, etcetera. I am joking but not really.
The bottom line is, this is a perfect kind of defensive sector stock for a market like this. And do you know what? Even given all the run that we’ve had throughout the entire year in the market if you had bought this thing in January, and still just hung onto it, you’re up 35 percent or so, it wouldn’t be a bad deal. So on Procter & Gamble ( NYSE: PG ) I would wait for the stock to hit the 20-day moving average. It always does, it always has, and you can see it here. Wait for the stock to hit the 20-day moving average and that is when you buy.
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