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3 Dow Jones Stocks For Your Late February 2024 Watchlist

Let’s look at 3 Dow Jones stocks to watch in the stock market today.

Dow Jones stocks

The Dow Jones Industrial Average (DJIA) is a stock market index that measures the performance of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most widely recognized stock indices globally. It includes companies from various industries, except for transportation and utilities, providing a broad overview of the economic health of the industrial sector.

Investing in Dow Jones stocks offers the advantage of exposure to some of the largest and most stable companies in the U.S. market. These companies are leaders in their respective industries, often with a long history of profitability and dividend payments. However, the DJIA covers only 30 companies, which may not provide as comprehensive a market overview as broader indices like the S&P 500. Additionally, because the DJIA is price-weighted, stocks with higher prices have more influence on the index, which can skew the overall performance picture.

For investors, Dow Jones stocks can be a solid component of a diversified portfolio, especially for those looking for stability and less volatility. Yet, reliance solely on these stocks may limit growth potential compared to more diverse investments. Additionally, Keeping informed about economic trends and individual company performances remains one of the keys to successful investing in Dow Jones stocks. Bearing this in mind, here are three Dow Jones stocks to watch in the stock market right now.

Dow 30 Stocks To Watch In The Stock Market Now

American Express (AXP Stock)

Starting off, American Express Company (AXP) is a global financial services corporation known for its credit card, charge card, and traveler’s cheque businesses. The company is one of the largest card issuers in the world. They provide a wide range of financial products and services to consumers and businesses.

At the end of last month, American Express announced its fourth quarter 2023 financial results. In detail, the company notched in an EPS of $2.62 per share, with revenue of $15.80 billion for Q4 2023. This is versus consensus estimates for the quarter which were an EPS of $2.65, on revenue estimates of $16.03 billion. Additionally, revenue increased by 11.45% compared to the same period, the previous year.

In 2024 so far, shares of American Express stock have jumped higher by 14.52% YTD. Meanwhile, during Monday morning’s trading session, AXP stock is trading green on the day by 0.51% at $215.62 a share.

[Read More] 2 S&P 500 Stocks To Watch In The Stock Market Today

Goldman Sachs Group (GS Stock)

Second, The Goldman Sachs Group Inc. (GS) is a leading global investment banking, securities, and investment management firm. In detail, Goldman Sachs provides a wide range of financial services to a substantial and diversified client base. The company offers services in investment banking, asset management, and wealth management, among others.

Last month, Goldman Sachs Group also reported its fourth quarter 2023 financial results. Getting right into it, the company announced better-than-expected Q4 2023 financial results, posting an EPS of $5.48 per share, with revenue of $28.46 billion. This is versus Wall Street’s estimates for the quarter were earnings of $3.47 per share, and revenue estimates of $11.16 billion. Furthermore, revenue increased by 35.99% on a year-over-year basis.

Year-to-date, shares of GS stock are up modestly by 1.31%. Moreover, during Monday morning’s trading action, Goldman Sachs stock is trading green on the day by 0.61% at $393.44 a share.

[Read More] 2 Top Dividend Stocks To Watch Today

Salesforce (CRM Stock)

Last but not least, Salesforce Inc. (CRM) is a cloud-based software company that specializes in customer relationship management (CRM) services. Salesforce’s services allow businesses to use cloud technology to better connect with customers, partners, and potential clients. The company offers a wide range of social and mobile cloud solutions.

Earlier this month, Salesforce announced that it would release its fourth quarter and full fiscal year 2024 results on February 28, 2024, after the market closes. Following the release, the company plans to host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the financial outcomes with investors and the broader investment community.

In 2024 YTD, shares of CRM stock are up 17.04%. Additionally, during Monday morning’s trading session, Salesforce stock is trading up 2.30% on the day, at $299.54 a share.

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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