The stock market is a place where shares of publicly traded companies are bought and sold. Among the indices that track the performance of these companies, the Dow Jones Industrial Average (DJIA) is one of the most recognized. It consists of 30 prominent companies in the U.S. economy and serves as a barometer for the overall market health.
Investing in Dow Jones stocks comes with several advantages. These stocks represent large, well-established companies known for their stability and regular dividends, which appeal to risk-averse investors seeking steady returns. Additionally, because these companies are often leaders in their respective industries, they tend to have resilient business models that can withstand economic downturns.
However, there are disadvantages as well. The DJIA only includes 30 companies, which may limit diversification compared to other indices with more constituents. The price-weighted nature of the DJIA means stocks with higher prices have a greater impact on the index’s performance, potentially skewing a true market representation. Furthermore, here are two Dow Jones Industrial Average stocks to watch in the stock market today.
Dow Jones Stocks To Buy [Or Sell] Right Now
Nike (NKE Stock)
Leading off, Nike Inc. (NKE) is a multinational corporation. The company specializes in athletic footwear, apparel, and accessories. Nike is popular for its strong brand and marketing capabilities, which have secured them as a leader in the global sports industry.
Just this month, Nike announced that it will release its fourth quarter fiscal 2024 financial results on June 27, 2024, after market close. The results will be discussed during a conference call at 2:00 p.m. PT, hosted by Nike’s management. To recap, last quarter, Nike notched in earnings of $0.98 per share with revenue of $12.43 billion.
In the last month of trading, shares of Nike stock are up 3.60%. Meanwhile, during Friday’s afternoon trading action, NKE stock is trading green on the day so far by 1.48% at $97.17 a share.
[Read More] Top Dividend Stocks To Buy In June 2024? 2 In Focus
Visa (V Stock)
Next, Visa Inc. (V) is a global payments technology company. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities worldwide. In addition, Visa operates one of the largest electronic funds transfer networks, VisaNet, handling billions of transactions annually.
Just this month, Visa announced that its tokenization technology has achieved a milestone generating over $40 billion in additional e-commerce revenue globally. This technology has also prevented $650 million in fraud over the last year. Visa has issued over 10 billion tokens since its inception in 2014, enhancing payment security and supporting secure, AI-enhanced shopping experiences.
Looking at the last month of trading, shares of V stock are up modestly by 0.98%. While, on Friday afternoon, Visa stock is trading up by 0.77% at $279.17 a share.
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