Buy This 6 Stocks In October

The Dow Jones Industrial Average sold off sharply at the end of September and into October, as a stock market correction took hold. The best Dow Jones stocks to buy and watch in October 2021 are American Express (AXP), Apple (AAPL), Goldman Sachs (GS), Merck (MRK) and Microsoft (MSFT).

There are clear winners and losers at the start of the tenth month of 2021. The top three performing Dow Jones stocks through Sept. 30 were Goldman Sachs, American Express and JPMorgan (JPM) with advances of 43.3%, 38.6% and 28.8%, respectively.

The three biggest Dow Jones losers through Sept. 30 were Verizon Communications (VZ), Amgen (AMGN) and Walmart (WMT) with declines of 8.1%, 7.5% and 3.3%, respectively.

Amid the current stock market rally, the tech-heavy Nasdaq ended September up 12.1%. The S&P 500 was up 14.7%, while the DJIA was up 10.6% through Sept. 30.

Focus on stocks that showed strong relative strength during the recent stock market weakness. They could be some of market's leaders if the Dow Jones Industrial Average is able to rebound.

Potential Dow Jones stocks to buy and watch in October 2021 that are in or near buy zones include American Express, Apple, Goldman Sachs, Merck and Microsoft.

American Express Stock

American Express is approaching a $178.90 buy point in a cup with handle.

Shares rose 0.55% Monday, and are about 1% away from the new high.

Apple Stock

Apple rallied 0.3% Monday ahead of the company's "Unleashed" product launch, the event started at 1 p.m. ET Monday and was available on YouTube and Apple's website. The company is unveil a new line of Macs, including a redesigned MacBook Pro and Airpods.

Apple was identify as top growth stocks, back up by a blend of key fundamental and technical metrics to help investors gauge a stock's strengths.

AAPL is $10.50 or6.7% from it all time high, $156.60 achieved on September 2021.

Goldman Sachs Stock

Dow Jones stock Goldman Sachs jumped nearly 2% Monday. The company reported strong earnings results on Friday.

Goldman Sachs stock is tracing a new flat base that shows a 420.86 buy point. GS stock is $7.21 or 1.72% from it all time high $420.26 established in August 2021 

Merck Stock

Merck stock dropped 0.6% Monday, falling further below the recent buy point.

In recent weeks, Merck said its Covid pill reduced the risk of hospitalization by half in a final-phase study, potentially a game changer for the pandemic, the news sparked an 8.4% gab-up surge to $83.39, but trigger a pull to cover the gab. The stock is now sitting on the 200-SMA line buy point.

Microsoft Stock

Software giant Microsoft rose 0.1% Monday and made new all time high at $306.75.

Microsoft has a price target of $336 and Strong Buy rating.

source: Investors.com