The Dow Jones Industrial Average (DJIA) is a widely recognized stock market index that represents 30 large, publicly-owned companies based in the United States. These companies are leaders across diverse sectors, making the Dow a general indicator of the market’s overall condition and economic health.
Investing in Dow Jones stocks generally offers a measure of security since these corporations are well-established with robust financial foundations. However, their large size might limit their growth potential compared to smaller, emerging companies. Additionally, the Dow’s price-weighted nature means higher-priced stocks disproportionately influence its movements, which might not accurately reflect the broader market dynamics.
On the upside, stocks within the Dow are known for their reliability, often providing steady dividends and showing durability in economic downturns. However, their significant international operations can expose them to global economic fluctuations, impacting earnings. If this has you keen on investing in Dow 30 stocks, here are two Dow Jones stocks to watch in the stock market today.
Dow Jones Stocks To Watch In June 2024
- The Travelers Companies Inc. (NYSE: TRV)
- Amgen Inc. (NASDAQ: AMGN)
The Travelers Companies (TRV Stock)
First up, The Travelers Companies Inc. (TRV) is a leading provider of property and casualty insurance in the United States. The company serves both individual and commercial clients, Travelers offers a wide range of insurance products including auto, homeowners, and general liability insurance.
This month, The Travelers Companies announced they will hold a conference call to discuss their second quarter 2024 results. Scheduled for 9 a.m. ET on Friday, July 19, the call will follow the release of their financial results earlier that day. Investors can join the call via webcast on the company’s investor relations site or by phone. To briefly recap, last quarter, Q1 2024 TRV reported earnings of $4.69 per share, along with revenue of $11.23 billion.
In 2024 so far, shares of TRV stock have jumped higher by 7.79% YTD. Meanwhile, during Monday morning’s trading session, The Travelers Companies stock opened green up 0.23%, trading at $206.33 a share.
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Amgen (AMGN Stock)
Following that, Amgen Inc. (AMGN) is a global biotechnology firm that develops and manufactures innovative human therapeutics. The company focuses on areas with significant unmet medical needs, such as oncology, cardiovascular disease, and neuroscience.
This month, Amgen announced that the U.S. Food and Drug Administration (FDA) has approved BLINCYTO® (blinatumomab) for the treatment of adult and pediatric patients with CD19-positive Philadelphia chromosome-negative B-cell precursor acute lymphoblastic leukemia (B-ALL) in the consolidation phase. This approval, which applies regardless of measurable residual disease (MRD) status, marks the third indication for BLINCYTO. It is based on the results from the Phase 3 E1910 trial.
Year-to-date, shares of AMGN have moved slightly higher thus far, up 0.05%. While, on Monday morning, Amgen stock opened red by 0.34%, currently trading at $297.60 a share.
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