The Dow Jones Industrial Average ended last week with a close of 18,086.45, up 1.5% year-to-date and 1.4% below its all-time intraday high of 18,351.36 set on May 19.
Helping the Dow 30 to return to positive territory for the year are seven components that have gains of more than 5% so far in the second half of 2015; six of these companies report their second quarter earnings this week.
The second half leaders are Boeing, up 5.9% so far in July and is up 13% year-to-date; IBM, up 6.1% so far in July and is up 7.5% year-to-date, in second place among the six“Dogs of the Dow;” Coca Cola, up 5.1% so far in July but down 2.3% year-to-date; Microsoft, up 5.6% so far in July but up just 0.4% year-to-date. Procter & Gamble, up 5.1% so far in July but down 9.7% year-to-date; Travelers, up 6.5% so far in July but down 2.7% year-to-date. visa, up 5.6% so far in July and up 2% year-to-date.
Last week I wrote about four Dow components that were turnaround stocks after being first half losers and Coca Cola, Proctor & Gamble and Travelers are among the seven profiled today.
Here are the profiles for the seven month-to-date leaders among the Dow courtesy of MetaStock Xenith.
Boeing (BA) closed at $146.84 last week, above its 50-day and 200-day simple moving averages of $143.65 and $139.56, respectively, after weakness to the 200-day provided buying opportunities between June 29 and July 6.
Boeing's weekly chart ended the week positive with the stock above its five-week modified moving average of $144.23. Its 12x3x3 weekly slow stochastic reading is 28.19 up from 20.86 on July 10.
This week's value level is $138.82 with a semiannual pivot of $147.53 and a monthly risky level of $157.74.
IBM (IBM) closed at $172.51 last week, above its 50-day and 200-day simple moving averages of $168.70 and $164.61, respectively, after the stock popped above the 200-day providing a buying opportunity on July 10.