Apple, Intel Lead 6 Dow Stocks In Buy Range Now

2017-02-01 16:03:39 by T4N
Finance The Fosters 

News Apple, Intel Lead 6 Dow Stocks In Buy Range Now Apple, which reports earnings on Tuesday, is one of six Dow industrials stocks that are in buy range right now. (Apple) Reprints The Dow Jones Industrial Average moved past 20,000 this past week, so it should not be a surprise that many of the 30 blue-chip stocks are market leaders. Several are extended, but there are six Dow stocks that in buy range right now: Apple ( AAPL ), Boeing ( BA ), Caterpillar ( CAT ), Home Depot ( HD ), Intel ( INTC ) and United Technologies ( UTX ). Here's a look at these six Dow stocks. Apple Apple broke out of a cup-with-handle base on Jan. 9, clearing a buy point at 118.12. Shares have inched their way higher, closing Friday at 121.95. That's still within the 5% of the entry point. If you buy above that point, a stock is vulnerable to a pullback. Apple reports earnings on Tuesday, the only one of these six Dow industrials to report this coming week. Analysts expect Apple to report a 2% revenue rise, ending three quarters of decline. But EPS should fall again, though only 2%. Investors are betting that Apple's upcoming 10th anniversary smartphone, unofficially known as the iPhone 8, will revive its fortunes later this year. IBD'S TAKE: The Dow and other major averages are at record highs while leading stocks are breaking out but the CBOE Volatility Index hit a fresh two-and-a-half-year low on Friday, nearly reaching its lowest point since early 2007. Find out why sometimes the only thing investors have to fear is no fear at all . Boeing Boeing broke out of a flat base on Jan. 24, clearing the 160.17 buy point. The next day, Boeing topped earnings forecasts , while its 787 Dreamliner is now cash flow positive, a good sign for future stock buybacks and dividend hikes. Investors looked past weak guidance and pushed shares higher. Boeing on Thursday went beyond 168.18, the top of its 5% chase zone, but pulled back Friday to 167.70. Intel Intel broke out of a cup-with-handle base on Jan. 24, exceeding the 37.44 buy point. The world's No. 1 chipmaker late Thursday reported better-than-expected Q4 earnings and gave a strong Q1 sales forecast. Intel closed at 37.98, rising intraday to 38.45, a 16-year high. Home Depot Home Depot moved beyond a 137.42 buy point from a cup-with-handle pattern in solid volume on Jan. 23. The home improvement chain's stock didn't make much progress, ending the week at 138.33. Home Depot will report earnings on Feb. 21. Caterpillar Caterpillar cleared a flat base on Jan. 25, closing slightly above the 97.50 buy point as President Trump authorized a border wall, boosting construction-related firms. Caterpillar dipped back below the entry area on Thursday as the heavy construction equipment maker reported Q4 earnings and trimmed its 2017 guidance. But Caterpillar nudged higher on Friday, ending the week at 98.99 United Technologies United Technologies formed a cup-with-handle pattern with a 109.52 buy point. United Tech cleared that entry zone several times from the end of November to mid-December, but didn't finally hold that level until Dec. 19. Shares have not moved much since then. On Wednesday, United Tech reported earnings, with Q4 sales and its 2017 revenue forecast a little light amid Pratt & Whitney jet engine production woes . Shares fell 1% for the week, closing at 109.70, just above the buy point and the rising 50-day line. RELATED:

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