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3 Dow Jones Stocks To Watch In August 2023

Dow Jones Industrial Average stocks to check out in the stock market today.

dow jones industrial average stocks

The Dow Jones Industrial Average, often just called “the Dow,” is a bit like the all-star team of the stock market. It’s made up of 30 big, reputable American companies from various industries. Think of it as a snapshot of how the U.S. economy is doing. When news reports talk about “the market” doing well or having a rough day, they’re often referencing how these 30 companies in the Dow are performing. It gives a quick glimpse into the health of the business world.

Now, if you’re considering investing in stocks from these companies, you’re looking at teams that have been around the block and have a history of performing well. That said, like any investment, there are ups and downs. Just because they’re big doesn’t mean they’re immune to challenges.

So, while these companies might seem like a safer bet because of their size and history, it’s always wise to do your research. The stock market can be unpredictable, but being informed can help you make smarter decisions. That said, here are three Dow Jones Industrial Average stocks to watch in the stock market today.

Dow Jones Industrial Average Stocks To Watch Now

Amgen (AMGN Stock)

First, Amgen (AMGN) is a biotechnology company that discovers, develops, manufactures, and delivers innovative human therapeutics. The company has a broad portfolio of medicines, including treatments for oncology, kidney disease, and rheumatoid arthritis.

Earlier this month, Amgen reported better-than-expected second-quarter 2023 financial results. In detail, the company posted earnings of $5.00 per share, with revenue of $6.99 billion for Q2 2023. This is in comparison to Wall Street’s consensus estimates for the quarter which were an EPS of $4.44 and revenue estimates of $6.68 billion. Additionally, revenue increased by 5.94% versus the same period, the prior year.

Over the last month of trading, shares of AMGN stock have advanced by 16.72%. While, during Thursday’s late-morning trading session, Amgen stock is trading at $262.53 a share.

Source: TD Ameritrade TOS

[Read More] 3 REIT Stocks For Your August 2023 Watchlist

Honeywell International (HON Stock)

Next, Honeywell International (HON) is a global conglomerate that produces a wide variety of commercial and consumer products, engineering services, and aerospace systems. The company has operations spanning multiple sectors, from home and building technologies to performance materials.

At the end of last month, Honeywell announced its most recent quarterly dividend. Diving in, the company announced that its Board of Directors has declared a quarterly dividend payment of $1.03 per share on common stock. Moreover, the dividend is payable on September 1, 2023, to shareholders of record on August 11, 2023.

Meanwhile, over the last month of trading, shares of HON stock have dipped by 8.94%. Though during Thursday morning’s trading session, HON stock is trading modestly higher by 0.52% at $189.18 a share.

Source: TD Ameritrade TOS

[Read More] 3 High Yield Dividend Stocks To Watch In August 2023

Visa (V Stock)

Last but not least, Visa (V) is a multinational financial services company that facilitates electronic fund transfers throughout the world, primarily through its branded credit cards, debit cards, and prepaid cards. As one of the world’s largest payment companies, Visa operates in a vast network of merchants and banks.

Late last month, Visa announced its third quarter of 2023 earnings results. Specifically, the company reported earnings of $2.16 per share, along with revenue of $8.12 billion. This was in line with analysts’ consensus estimates for the quarter which were earnings of $2.11 per share, with revenue estimates of $8.06 billion. In addition, revenue increased by 11.66% on a year-over-year basis.

In the last month of trading action, shares of Visa stock have gained by 2.14%. Meanwhile, during Thursday’s late morning trading session, V stock is trading higher by 1.44% at $243.21 per share.

Source: TD Ameritrade TOS

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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