Stocks to watch in October: Apple rebounds

The Dow Jones Industrial Average finished the month of September at new 2022 lows. According to Investor’s Business Daily, the best Dow Jones stocks to watch in October are Apple, Chevron, Merck, Microsoft, and UnitedHealth.

Stocks to watch in October: Apple rebounds

Scott Lehtonen for Investor’s Business Daily:

The tech-heavy Nasdaq finished September down 32.4% for the year. The S&P 500 was down 24.8%, while the Dow Jones Industrial Average was down 20.9% through Sept. 30.

Apple stock rallied 2.4% Tuesday, adding to Monday’s gains, according to IBD MarketSmith chart analysis.

According to the IBD Stock Checkup, Apple stock shows a 76 out of a best-possible 99 IBD Composite Rating. The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.

MacDailyNews Note: Apple will release its fourth fiscal quarter 2022 results on Thursday, October 27, 2022 after market close, right around 1:30 p.m. PDT / 4:30 p.m. EDT.

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    1. “Oh, common man”. The last six year? Your memory is very very short. Do I need to pull up a market chart to show you were we were before Biden took office? I can fix this. Go back before we started importing 100% of our oil. Oh, right when was that? The day after Dementia Joe took office.

    2. There is no “consensus” on economic recovery, many are anticipating a severe recession that is only getting under way. This disaster has been years in the making, and neither what Putin did 6 months ago nor removing him will fix horrific domestic policy. This sounds like a banal talking point from the Sniffer’s 2024 basement campaign.

  1. Sure, watch stocks in Oct…pertinent if a trader. With AAPL, it’s going to be hit harder in months ahead as is the entire WW econ, imo. Many, many savvy macro voices note the recession has just started…’23 is going to be a challenge. So too might part of ’24. Fortunately, AAPL has an incredible foundation…in bank and current and future products. China’s econ is a mess…hopefully Apple’s transition to other venues can compensate for any resulting turbulence.
    To think AAPL is going to get anywhere near D. Ives estimate of $220 (as I remember) anytime soon is pipe-dreaming. I personally have a hard time imagining AAPL hitting ATHs of mid-$180’s–perhaps as a wild-hair bear rally–in the near term?

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