Investing in the stock market offers individuals the opportunity to gain ownership in companies and potentially earn returns on their investments. The market comprises various indices, with the Dow Jones Industrial Average (DJIA) being one of the most recognized. The DJIA tracks 30 significant publicly-owned companies based in the United States. It serves as a barometer for the overall health of the US stock market and economy.
Investing in Dow Jones stocks presents certain advantages. These stocks are from well-established companies, often leading to perceived stability and reliability for investors. They can provide steady dividends, making them attractive for those seeking income alongside capital growth. However, there are disadvantages. The DJIA represents only a small fraction of the market, potentially limiting diversification. Moreover, the index’s price-weighted nature means that higher-priced stocks have a greater impact on their performance, which might not accurately reflect the broader market trends.
For investors considering Dow Jones stocks, it’s important to assess their investment goals and risk tolerance. Keeping in the know about economic indicators and company performances within the DJIA can also help when making informed investment decisions. Considering this, let’s check out two Dow Jones stocks to watch in the stock market today.
Dow Jones Stocks To Watch Today
The Boeing Company (BA Stock)
First off, The Boeing Company (BA) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide. As one of the largest aerospace manufacturers and defense contractors, Boeing plays a crucial role in both commercial aviation and military defense.
Earlier this week, Boeing reported better-than-expected fourth-quarter 2023 financial results. Diving in, the company reported a loss of $0.47 per share with revenue of $22.02 billion for Q4 2023. This is versus analysts’ consensus expectations which were a loss of $0.70 per share, along with revenue estimates of $21.12 billion. Additionally, revenue increased 10.20% versus the same period, the prior year.
Over the past five trading days, shares of BA stock are up 1.54%. Meanwhile, during Friday’s power hour trading session, Boeing stock is trading slightly lower on the day by 0.25%, currently trading at $209.29 a share.
[Read More] 3 Blue Chip Stocks To Watch Ahead Of February 2024
Visa (V Stock)
Next, Visa Inc. (V) is a global payments technology company that facilitates electronic funds transfers throughout the world, primarily through Visa-branded credit, debit, and prepaid cards. It does not issue cards, extend credit, or set rates and fees for consumers. Instead, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, cash access, and prepaid card programs to their customers.
Just this month, Visa announced a beat for its first quarter 2024 financial results. Getting straight into it, the company notched in earnings of $2.41 per share versus estimates of $2.33 per share. Additionally, Visa announced revenue for the quarter of $8.63, and this also beat consensus estimates of $7.78 billion for Q1 2024. Furthermore, Visa reported that revenue advanced by 8.80% compared to the same period, the previous year.
Looking at the past five trading days, shares of V stock have risen by 4.31%. Moreover, during Friday’s late afternoon trading session, Visa stock is trading green on the day by 0.47%, at $278.36 a share.
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