15 stocks to watch as the Dow 30 hits an all-time high

Dow Jones Industrial Average or Dow 30 as it is popularly known on Wall Street, consists of the top 30 blue chip companies that represent companies based solely in the United States.

On March 12, 2021, the Dow Jones Industrial Average, which will complete its 125-year existence in May 2021, ended the session at an all-time high of 32,778.64 after slipping slightly from an all-time high of 32,793.32. intra-day session. Far from the limelight that the Nasdaq 100 and S&P 500 have stolen so far, the good old Dow 30 has slowly and steadily made its way to levels never seen before in its history.

Under new President Joe Biden and the hope of additional stimulus funds recently passed through Congress, the markets seem ready to conquer new levels in the long term. Short-term corrections, however, cannot be ruled out to maintain the scenario of higher yields in the US economy. It remains to be seen how the US Fed tames the looming risk of inflation as growth picks up in the economy.

2021 could still see a comeback for some old economy stocks and the Dow 30 could be the index to watch. Dow Jones Industrial Average or Dow 30 as it is popularly known on Wall Street, consists of the top 30 blue chip companies that represent companies based solely in the United States. The Dow is therefore a sort of barometer of the American economy, its companies and consumer trends in the country. Some of the major companies in the 30 stock index are Boeing, Nike, Goldman Sachs, Walmart, Intel, 3M, UnitedHealth Group, Apple, Coca-Cola, McDonald’s, Microsoft etc

Unlike other indices, in the Dow 30 selection is not governed by quantitative rules but according to the S&P indices website, “a stock is only added to the index if the company has a excellent reputation, demonstrates sustained growth and attracts a large number of investors.

Yet the top 15 Mega Cap stocks with over $200 billion in market capitalization in the Dow 30 are:

1. Apple Inc. – Technology
2. Microsoft Corporation – Technology
3. JPMorgan Chase & Co. – Financial
4. Visa Inc. – Financial
5. Johnson & Johnson – Healthcare
6. Walmart Inc. – Consumer Defensive
7. The Walt Disney Company – Communications Services
8. UnitedHealth Group Incorporated – Healthcare
9. The Procter & Gamble Company – Defensive Consumer
10. The Home Depot, Inc. – Consumer Cyclical
11. Intel Corporation – Technology
12. Verizon Communications Inc. – Communications Services
13. NIKE, Inc. – Cyclical consumption
14. The Coca-Cola Company – Defensive Consumer
15. Chevron Corporation – Energy

Investing in US stocks brings diversification to your Indian portfolio and also benefits from long-term currency fluctuations. Owning stocks of top US companies is simple and easy and can be done by opening an international trading account.

Warning: The decision to invest in these or any other stocks should be made by yourself after carefully evaluating the business and other fundamentals of the company or after consulting your financial adviser. This is not a recommendation to buy, hold or sell any of the shares. Financial Express Online takes no responsibility for their investment advice.

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