The
Dow
Jones
Industrial
Average’s
recent
run
has
left
the
long-standing
stock
market
benchmark
on
the
cusp
of
an
unprecedented
milestone.
The
30-stock
average
rose
more
than
2%
this
week,
lifting
it
to
record
highs
and
putting
it
within
reach
of
40,000.
The
Dow,
which
debuted
in
1896,
fell
slightly
on
Friday,
but
was
still
in
striking
distance
of
the
key
level.
This
week’s
surge
has
been
spurred
by
the
Federal
Reserve
reiterating
expectations
for
three
rate
cuts
in
2024.
Fed
Chair
Jerome
Powell
also
noted
that
a
strong
labor
market
wouldn’t
deter
the
central
bank
from
easing
policy.
.DJI
YTD
mountain
The
Dow
Jones
Industrial
Average
is
nearing
the
40,000
level.
Against
this
backdrop,
CNBC
Pro
set
out
to
find
which
stocks
could
lead
the
Dow
to
40,000
and
beyond.
Using
the
CNBC
Pro
Stock
Screener
tool,
we
screened
for
stocks
with
average
analyst
price
targets
that
imply
10%
or
more
upside
over
the
next
12
months.
Click
here
to
add
this
screener
to
your
Pro
stock
screener.
You
can
also
further
customize
it
yourself.
Apple
made
the
list.
The
stock
was
under
pressure
Thursday,
losing
4%
after
the
U.S.
Department
of
Justice
filed
an
antitrust
lawsuit
against
the
iPhone
maker.
Shares
have
pulled
back
more
than
11%
year
to
date.
AAPL
YTD
mountain
Apple
stock.
But
analysts
are
not
moving
to
the
sidelines
on
Apple
just
yet,
with
57%
of
those
polled
by
FactSet
maintaining
a
buy
or
overweight
rating
on
Apple.
Morgan
Stanley’s
Erik
Woodring
said
Wall
Street
could
be
overlooking
Apple’s
artificial
intelligence
efforts,
which
could
be
programmed
into
the
iPhone
in
the
future
and
thus
“more
than
offset
June
Q
[estimate]
concerns
and
the
long-tailed
DOJ
lawsuit.”
Boeing
also
made
the
list.
The
stock
has
been
under
pressure
in
2024,
pulling
back
nearly
27%.
The
company
has
faced
increased
scrutiny
over
safety
issues
tied
to
its
737
Max.
BA
YTD
mountain
Boeing
stock.
But
69%
of
analysts
polled
by
FactSet
are
sticking
by
a
buy
or
overweight
rating
on
Boeing
stock.
Average
analyst
price
targets
imply
36%
upside
ahead,
per
LSEG,
formerly
known
as
Refinitiv.
“We
believe
this
is
a
good
buying
opportunity,
especially
on
a
multi-year
horizon,”
UBS
analyst
Gavin
Parsons
said
Tuesday,
where
he
reiterated
a
buy
rating
on
Boeing
stock
with
a
$275
per
share
price
target,
or
nearly
47%
upside
from
Thursday’s
close.
Other
potential
Dow
leaders
that
could
drive
the
benchmark
to
40,000
include
recent
addition
Amazon
as
well
as
oil
giant
Chevron
.
