JPM - Is It Time to Buy the Dow Jones' 2 Worst-Performing March Stocks?
2023-04-07 05:11:00 ET
March came in like a lion, as bank woes sent the markets lower. But they recovered, and the Dow Jones Industrial Average actually finished the month up 1.9%.
One of the hardest-hit stocks on the Dow Jones Industrial Average in March was indeed a bank, as JPMorgan Chase (NYSE: JPM) fell 7.7% in the month. But it was not the worst performer on the Dow -- that would be Caterpillar (NYSE: CAT) , a manufacturer of farm and construction equipment and machinery, which was down 9.2% in March.
Let's take a look at these two March basement dwellers to see what caused the drop and if they are worth an investment now.
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Is It Time to Buy the Dow Jones' 2 Worst-Performing March Stocks?