53.33 -0.01 (-0.02%)
Pre-Market: 7:39AM EST
|Bid||52.91 x 900|
|Ask||55.99 x 1200|
|Day's Range||52.42 - 53.36|
|52 Week Range||40.44 - 60.52|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||21.50|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||2.80 (5.34%)|
|Ex-Dividend Date||Nov 25, 2019|
|1y Target Est||56.29|
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Chairman of the Children’s Health Defense, and President of the Waterkeeper Alliance, Robert F. Kennedy, Jr.
Dow (DOW) expects the partnership with Avangard Innovative to offer consistent processing, and reliable supply of PCR-based LLDPE and LDPE to its customers across North America.
DOW UPDATE Shares of Apple Inc. and Exxon Mobil are seeing declines Tuesday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 12 points lower (0.
The Dow Jones Industrial Average is climbing Monday afternoon with shares of Goldman Sachs and Dow Inc. leading the way for the blue-chip average. Shares of Goldman Sachs (GS) and Dow Inc. (DOW) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 77 points (0.3%) higher. Goldman Sachs's shares are up $3.50, or 1.4%, while those of Dow Inc. are up $0.68, or 1.3%, combining for an approximately 28-point boost for the Dow.
DOW UPDATE Dragged down by negative returns for shares of Boeing and Travelers, the Dow Jones Industrial Average is trading down Friday afternoon. Shares of Boeing (BA) and Travelers (TRV) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 153 points, or 0.
It's that time of year when Wall Street offers up its many forecasts for the coming 52 weeks, based on anything from earnings growth to interest rates to the possibility of a coming recession - and in 2020, the incessant noise coming from Washington.Investors are glued to their screens waiting for these oft-faulty prognostications. That's unfortunate, because there's a better way to plan out your year: the Dogs of the Dow.The Dogs of the Dow is a set-it-and-forget-it plan involving Dow dividend stocks (more on that in a minute). It takes decision-making out of your hands by deferring to the market itself. As long as three concepts are true - the market moves higher in the long run, stocks move into and out of favor, and Dow companies tend to be blue-chip stocks that are intelligently managed and financially stable - the Dogs will do well over time.That third concept might be debatable when you look back on all the companies that have been booted from the Dow. Remember: General Electric (GE) and Sears (SHLD) used to be members. But for the most part, the Dow remains a blue-chip index.Read on as we explain the Dogs of the Dow, then analyze the 10 Dow stocks this strategy says you should buy. SEE ALSO: The 20 Best Stocks to Buy for 2020
DOW UPDATE Shares of Dow Inc. and Caterpillar are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Dow Inc. (DOW) and Caterpillar (CAT) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 185 points (0.
DOW UPDATE Shares of Dow Inc. and Caterpillar are posting losses Friday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 171 points (0.
The 254-point selloff in the Dow Jones Industrial Average on Friday was unanimous in morning trading, with shares of consumer and industrial products maker 3M Co. leading all 30 components lower. 3M's stock fell 1.8%, and acted as the biggest drag as the $3.28 price decline shaved about 22 points off the Dow's price. The next biggest subtractor was Goldman Sachs Group Inc.'s stock , which fell $2.48, or 1.1%, to cut 17 points off the Dow's price. Among other higher-priced components, shares of Apple Inc. fell $1.71 to lower the Dow's price by about 12 points and Boeing Co. declined $2.19 to act as a 15-point drag. Weighing on the Dow was concerns over rising tensions in the Middle East after a U.S. drone airstrike that killed one of Iran's top military commanders, a spike in crude oil prices and a worse-than-expected reading on the U.S. manufacturing sector.
It's too early to tell if the new decade will be this century's equivalent of the "Roaring '20s," but stocks started the new year in much the same way they ended 2019: on an upbeat note.Source: Provided by Finviz * The S&P 500 advanced 0.84% * The Dow Jones Industrial Average rallied 1.16% * The Nasdaq Composite tacked on 1.33% * A slew of familiar Dow names gained 1% or more today, but in late trading, Goldman Sachs (NYSE:GS) was leading the wayWe're just one day into 2020, so it's too early to tell what themes from last year will persist, what laggards will morph into leaders and which winners from last year will disappoint this year. But in late trading, 21 of 30 Dow Jones stocks were higher.On a related note, much of the ebullience to start the new year was attributable to familiar leadership fare as all of the Dow's technology stocks were trading higher today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 2019 Winners That Will Be 2020 Losers Speaking of familiar themes, on a day when news flow was light in the U.S., China helped global equities higher after the central bank there said it would increase access to cheap financing for the country's financial institutions. On a related note, President Trump remains optimistic that the U.S. and China will sign Phase I of the oft-discussed trade compact this month and perhaps start discussions on the next phase. Apple Doing Apple ThingsThere's obviously a long way to go in 2020, but Apple (NASDAQ:AAPL), 2019's best-performing Dow stock, is off to an excellent, gaining 2.2% on the first trading day of the new year.Conventional wisdom often dictates that a prior leader's usually don't retain that status in the following year, but that Apple may not be conventional in that regard. The stock gained 86.16% last year and asking for repeat performance in 2020 may be asking a lot, but Apple certainly has the ingredients and leadership to make 2020 another rewarding year for shareholders.For today, Apple's gains were largely attributable to the aforementioned liquidity injection in China and news that of the imminent trade deal signing. Speaking of Repeat Winners…Disney (NYSE:DIS) gained a tidy 32% last year and was back at it today, jumping more than 2%. Last year's familiar catalyst of Disney +, the company's newly minted streaming service, greased the stock's wheels today.Specifically, Rosenblatt Securities analyst Bernie McTernan said in a note out today that a recent survey indicates Disney+ has acquired a massive number of subscribers in a short amount of time."McTernan estimated that Disney+ had 25 million subscribers as the first quarter of its 2020 fiscal year closed on Tuesday, up from his previous call of 21 million. Disney will likely report its results for the quarter in early February," according to Barron's. Remember This Name?It has been awhile since industrial conglomerate United Technologies (NYSE:UTX) was highlighted in this space, but the stock was one of the top performers in the Dow today. As has been widely noted, there are lot of moving parts with UTX stock, including previously announced spinoffs of its non-core segments, including Otis (elevators and escalators) and Carrier (HVAC) as well as the Raytheon (NYSE:RTN) merger.It took investors a while to digest all those moves, but there a couple of important reasons why UTX could be a winner in 2020: earnings are expected to grow and the stock trades at a tempting 17x earnings, indicating it's not richly valued despite strong EPS growth forecasts. Along For The RideAdvanced Micro Devices (NASDAQ:AMD), one of last year's best-performing names from the hot semiconductor space, hit a record high and dragged rival and Dow component Intel (NASDAQ:INTC) along for the ride. * 7 Strong Retail Stocks Still Worth a Look Waiting on the DogsSeveral of the Dow's 2019 disappointments, a.k.a. The Dogs of the Dow, such as Dow Inc. (NYSE:DOW) and Verizon (NYSE:VZ), were among the index's losers today, indicating it could take awhile for the Dogs of the Dow theory to kick in this year. Bottom Line on the Dow Jones TodayOne thing to consider, and it's relevant because we'll soon be treated to the last major economic data points of 2019, is that economic growth in the U.S. is likely to cool this year, but that doesn't dent the case for equities."While the odds of a near-term recession appear to have diminished, growth is projected to slow in the coming quarters due to a weaker global outlook and reduced global trade flows," notes FactSet. "U.S. economic growth is expected to continue to slow into 2020, with analysts surveyed by FactSet projecting 2.3% annual growth in 2019 followed by 1.8% in 2020."As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for January and Beyond * 7 Excellent Value Stocks to Buy for 2020 * 5 Hot Housing Stocks That Could Stay Hot in 2020 The post Dow Jones Today: A Roaring Start to 2020 appeared first on InvestorPlace.
The five worst Dow Jones stocks of 2019 include Pfizer, Walgreens, 3M, Dow Inc. — and the No. 1 Dow stock two years ago.
Although it's debatable whether following the Dogs of the Dow strategy--buying and holding the 10 highest yielding Dow Jones Industrial Average components at year end--actually works better than its catchy name, here are the stocks that would make the list as 2019 comes to a close: 1) Dow Inc. with a dividend yield of 5.14%; 2) Exxon Mobil Corp. , yielding 5.02%; 3) International Business Machines Corp. , yielding 4.86%; 4) Verizon Communications Inc. which yields 4.03%; 5) Chevron Corp. yields 3.97%; 6) Pfizer Inc. with a yield of 3.90%; 7) 3M Co. , which yields 3.28%; 8) Walgreens Boots Alliance Inc. , with a yield of 3.10%; 9) Cisco Systems Inc. yields 2.93%; and 10) Coca-Cola Co. yields 2.90%. MarketWatch contributor Mark Hulbert wrote Thursday that the Dogs of the Dow strategy has not outperformed the Dow on a total return basis over the past two decades. Meanwhile, the average yield of the 30 Dow components is 2.61% (median 2.53%), while the implied yield for the S&P 500 is 1.86%, according to FactSet.
Even with declines on Monday, U.S. stocks are closing out a remarkably strong 2020. The S&P 500 has gained 28.5% so far this year, and the NASDAQ Composite has performed even better. On the whole, American equities, barring a disaster on Tuesday, should post their second-best year since 1997.Source: Shutterstock As noted in the space before, the rally has been both broad and deep. Nearly 80% of stocks with a market capitalization over $300 million are positive in 2019. Almost 20% of those stocks have risen at least 50%. But that still leaves a few names that have been left out of the rally. * 6 Transportation Stocks That Are Going Places Tuesday's big stock charts focus on that group. Two of these stocks have declined so far this year, amid broad pressure on their respective industries. Another has gained less than 1%. But all three of late have shown support, which suggests at least some optimism heading into the New Year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DuPont de Nemours (DD)Source: Provided by Finviz DuPont de Nemours (NYSE:DD) has been one of the most disappointing stocks of the past few years. In a complicated feat of financial engineering, chemical giants Dow and DuPont first merged into DowDuPont. DowDuPont then spun off the 'new' Dow Inc. (NYSE:DOW) and agricultural play Corteva (NYSE:CTVA) before renaming itself DuPont de Nemours.If that wasn't enough, DuPont this month announced it would combine its nutrition unit with International Flavors & Fragrances (NYSE:IFF). Yet, as the first of Monday's big stock charts shows, none of that movement has created any shareholder value.DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). DOW stock has gained 9% since becoming independent, while CTVA is basically flat. The question heading into 2020 is whether the stock finally can stabilize: * Technically, a double bottom around $62 does provide some hope. A Relative Strength Index of 39 isn't quite in oversold territory, but it's not far off. Monday's 2%-plus decline doesn't help the cause, but it's possible that some investors were looking to book tax losses to offset gains elsewhere. Hedge funds may also want the disappointing stock off their books at year-end. There may be buyers willing to step in. * Fundamentally, there is an attractive case here. Earlier this month, I highlighted both DD stock and IFF stock as 2019 losers that could be 2020 winners. The nutrition merger will give DuPont a cash payment of over $7 billion that can be used to pay off debt and buy back stock. And after the sell-off, DuPont stock trades at a reasonable 14.6x forward price-to-earnings multiple. * Click to Enlarge Source: Provided by Finviz But this may be a stock that still has further to fall. The weekly chart still shows a persistent downtrend. End markets remain volatile, and earnings multiples across the chemicals sector usually are below those of the market as a whole. It's possible investors are waiting for the calendar to turn to step into the decline here. But it's also possible that DuPont stock will continue to disappoint in early 2020 as well. Excelon Corporation (EXC)Utility Exelon Corporation (NYSE:EXC) has had a disappointing 2019 as well. Utilities as a sector, as measured by the Utilities Select Sector SPDR Fund (NYSE:XLU), have gained 21%. EXC stock has risen just 0.62%. There are some reasons for the underperformance -- but as the second of our big stock charts shows, investors of late have bet on an improved 2020: * A multiple bottom has been established at $44 and Excelon stock has shown some strength in the last two weeks. Shares have cleared near-term moving averages as well. Utility stocks are usually much less volatile, so a huge breakout is unlikely. But, technically, EXC has a path to the 200-day moving average above $47, and then could challenge the top of a descending triangle pattern. * There are two core worries here. Exelon is facing a federal investigation of its lobbying efforts in Illinois, a probe that may be linked to the sudden resignation of the company's chief executive officer in October. In addition, Exelon's nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year. Both factors have pressured Exelon stock in recent months, and explain in part why shares have lagged the sector. * That said, there's some value here. On an earnings basis, EXC is one of the cheaper large-cap utility stocks in the market. A 3.2% dividend yield should be safe, and remains attractive in an environment where the 10-year Treasury bond yields less than 2%. Federal investigations are hardly welcome, but this is a company with a $44 billion market capitalization. Penalties relating to any untoward actions are likely to be relatively minimal in that context. There's a case that the sell-off has gone too far. Some investors are acting on that case as 2020 approaches. Cabot Oil & Gas (COG)Source: Provided by Finviz Shale exploration plays like Cabot Oil & Gas (NYSE:COG) have had a difficult 2019. Low oil and natural gas prices have hurt profits. The acquisition of Anadarko Petroleum by Occidental Petroleum (NYSE:OXY) was supposed to unleash a wave of merger activity in the sector. But OXY stock wound up hitting a 14-year low in November, potentially scaring off other buyers.Despite the sector weakness, investors have tried to time the bottom in COG stock on a few occasions in the second half of 2019. At the moment, that looks like a potentially dicey bet: * COG stock is fading again after bouncing off support at $16 earlier this month. That fade re-establishes the bearish descending triangle pattern. Near-term moving averages need to provide some help to the stock; otherwise, COG is testing $16 again, and this time around, support may not hold. * On an earnings basis, Cabot Oil & Gas stock does look somewhat cheap, at a little over 10x 2019 EPS estimates. But that multiple hardly is out of line for shale plays. Those same analysts project a roughly 25% decline in profits next year. And a core cyclical worry hangs over COG stock and much of the shale sector. If West Texas Intermediate crude prices are barely holding $60 in a booming economy, what happens when the macro picture inevitably reverses? * It's certainly possible that COG shares improve in 2020, after a 23% decline so far in 2019. That said, caution seems advised, at least in the early going. The shale boom has delivered for consumers. But whether it's explorers like Cabot or even services providers like Halliburton (NYSE:HAL), it hasn't done so yet for investors. It seems too early to believe that 2020 will be notably different.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Transportation Stocks That Are Going Places * 5 Bold Stock Market Predictions for 2020 * 3 Beer Stocks to Own Heading Into New Year 2020 The post 3 Big Stock Charts for Tuesday: DuPont, Exelon, and Cabot Oil & Gas appeared first on InvestorPlace.
DEEP DIVE There’s no question 2019 was a breakout year for the U.S. stock market, as the Federal Reserve reversed course and lowered interest rates and negative rates abroad kept even more money flowing into the U.
DOW UPDATE The Dow Jones Industrial Average is down Friday afternoon with shares of Dow Inc. and Home Depot seeing the biggest losses for the price-weighted average. Shares of Dow Inc. (DOW) and Home Depot (HD) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 12 points, or 0.
For Dow, Inc. stock, this year has been a tale of two halves. The stock began trading in March after a split which separated the world’s largest chemical company—DowDuPont—into three chemical giants: Dow, DuPont de Nemours, and agricultural input supplier Corteva.
(Bloomberg Opinion) -- Round and round the DuPont merry-go-round of financial engineering we go.The chemicals giant agreed on Sunday to sell its nutrition and biosciences division to International Flavors & Fragrances Inc. via a tax-friendly Reverse Morris Trust transaction that values the business at about $26 billion. DuPont de Nemours Inc. will receive a one-time $7.3 billion cash payment and its shareholders will own 55.4% of the combined entity.This is just the latest in a long line of dealmaking by DuPont chairman Ed Breen, who earned the respect of the investing world for salvaging Tyco International from scandal in part by breaking it up several times.(1) At DuPont, he’s helped orchestrate a complicated merger with rival Dow Chemical and a subsequent three-way split. After some rejiggering of the combined companies’ various assets amid pushback from activist investors, DuPont this year spun off the Dow Inc. commodity-chemical business and the Corteva Inc. agricultural-products company. Breen may not be done tinkering with DuPont’s portfolio after the International Flavors deal; Bloomberg News has reported that DuPont is also evaluating a divestiture of its transportation and industrial-chemicals unit. The results of all this maneuvering have been just so-so. Dow is up about 9% since the March record date for its separation, lagging the S&P 500 Index and the benchmark’s materials sub-group. Corteva has slumped nearly 6% since its May debut. DuPont itself is down more than 14% so far this year. That’s partly a reflection of the sheer amount of time it took to orchestrate this complicated musical chairs.The merger with Dow was announced four years ago, and the interim waiting period can create a sort of spin purgatory as investors hold off on rewarding a soon-to-be-simpler company with a valuation lift until all the paperwork is signed. And when a process takes that long, you’re bound to become a victim of bad timing. Dow and Corteva were spun off into a terrible market for chemicals as the U.S.-China trade war and a slowing economic backdrop weighed on demand and profit margins. Moody’s Investors Service this month issued its 2020 outlook for the North American and EMEA chemical sector, calling for an average Ebitda decline of about 5% amid soft commodity prices and weak investment trends. DuPont shares, meanwhile, also have been dragged down by its legal fight with a prior spinoff, Chemours Co., over liabilities linked to PFAS, the so-called forever chemical that was used in the manufacturing of Teflon.Breakup enthusiasts would tell you the share slump might have been worse if these businesses were still bundled together and one management team was trying to oversee their competing capital requirements and growth profiles. There’s certainly a logic to this latest deal. Nutrition and biosciences is DuPont’s largest division and has one of the more attractive growth profiles, but DuPont clearly wasn’t getting credit for this business in its stock.The deal with IFF values the DuPont unit at more than 18 times its adjusted Ebitda in the past year, according to data compiled by Bloomberg. That’s well above what the parent company commands. At the same time, there’s a reason the nutrition and biosciences unit commands a higher valuation. The removal of this generally stable business may make it harder for DuPont to prove that its earnings and sales growth can rise above economic volatility.If DuPont follows through on carving out the transportation and industrial unit as well, that would help limit its exposure to the swings in the automotive industry, which has been a particularly tough market of late. But it’s unclear what the endgame is here. There’s something deeply unsatisfying about a company using yet more breakups to fix a valuation disconnect that its first round of breakups was meant to rectify. Eventually, you run out of assets to sell or spin off. (1) Tyco eventually merged with Johnson Controls years after Breen had moved on, and the combined company took the latter’s name.To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
DOW UPDATE Shares of Goldman Sachs and Cisco are seeing strong returns Monday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow (DJIA) is trading 145 points, or 0.5%, higher, as shares of Goldman Sachs (GS) and Cisco (CSCO) are contributing to the blue-chip gauge's intraday rally.