IBM - These 3 Dow Stocks Are Set to Soar in 2024 and Beyond
2024-06-26 06:50:00 ET
The Dow Jones Industrial Average (DJINDICES: ^DJI) has only risen 4% this year, compared to the S&P 500 's 15% gain and the Nasdaq-100 's 17% return. The Dow underperformed the other two major indexes for two main reasons: It only tracks 30 prominent companies, and it's more heavily weighted toward slower-growth industries. It's also a price-weighted index, which arguably makes its less accurate than a market cap-weighted index like the S&P 500 and the Nasdaq-100.
Nevertheless, the 30 companies of the Dow -- which are also included in the S&P 500 -- still represent a good starting point to look for stable blue chip stocks. So today, I'll highlight three of those stalwarts that are set to soar in 2024 and beyond: Amazon (NASDAQ: AMZN) , Walmart (NYSE: WMT) , and IBM (NYSE: IBM) .
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These 3 Dow Stocks Are Set to Soar in 2024 and Beyond