The stock market has hit new highs thanks to impressive third quarter corporate earnings reports. In addition, Democrats are girding to finalize their infrastructure bill this week, which is boosting investors’ optimism. Hence, we think Dow Jones stocks Microsoft (MSFT), UnitedHealth Group (UNH), NIKE (NKE), and Merck & Co. (MRK), which delivered stellar performances in October, could be ideal additions to one’s watchlist now. Keep reading. Although there are concerns about the spread of COVID-19 Delta and supply chain issues as well, the benchmark equity indexes continue to perform strongly, largely due to strong corporate earnings. In October, the Dow Jones Industrial Average surged by nearly 6% and registered its strongest month since March. The DJIA climbed 140 points on Tuesday, trading above the 36,000 mark for the first time, indicating that the market’s bullish sentiment is far from over. The outlook is positive and earnings are strong. According to Larry Adam (chief investment officer at Raymond James), there is strong consumer demand because companies are working through supply chain limitations.

Democrats also expect to conclude a $1.75 billion human infrastructure spending agreement this week. The bill’s passage could potentially boost the overall economy.

Given this backdrop, last month’s best-performing DJIA stocks, Microsoft Corporation (NASDAQ:), UnitedHealth Group Incorporated (NYSE:), NIKE, Inc. (NKE), and Merck & Co., Inc. (MRK), could be worthy additions to one’s watchlist.

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