Price Analysis / Stocks · August 25, 2022

Top Dow Jones Constituents Worth Buying in August

  • Dow Jones has recorded a massive rebound.
  • The rally matches other global indices such as DAX and Nasdaq.
  • Disney, Microsoft, and Chevron remain attractive long-term buys.

The Dow Jones index made an impressive recovery within the last few weeks amid dip-buying activities by investors. The index hiked towards the $34,270 high – the highest mark since 22 April.

It has gained approximately 11% from its lowest zone in 2022. Here are some lucrative Dow Jones constitutes worth your consideration.

Chevron (CVX)

Chevron is the only gas and oil supermajor in Dow Jones. The leading energy firm boasts operations in downstream, midstream, and upstream. Like other companies within the industry, Chevron witnessed an impressive recovery within the last few months amidst surged prices and demand.

Chevron saw its revenue increase from 2020 $94 billion to $155B in 2021. It has climbed to above $206 billion within the last 12 months. CVX will likely stay elevated as OPEC+ and Saudi Arabia plan to reduce production to boost prices.

Microsoft (MSFT)

Microsoft is a leading technology firm. It provides multiple products to companies, individuals, governments, and NGOs. Moreover, it comes second in the cloud computing business after Amazon. MSFT has gained nearly 11% within the last 30 days as the market noted improved performance.

Still, the stock remains significantly beneath its highest mark last, with investors expecting slow growth due to the rising inflation. Results by Autodesk and Salesforce show that most firms are reducing their spending.

Still, Microsoft remains a lucrative Dow Jones stock, considering its massive cash flows and impressive market share within the cloud computing market.

Walt Disney (DIS)

Walt Disney is another lucrative Dow Jones constitute you can buy. The company offers several products, including theme parks, Disney+, studios, and Hulu. Disney has seen intense pressure within the last few years because of COVID.

For instance, its yearly revenue declined from 2019 $69.6 billion to $65.38B in 2020. Meanwhile, 2021 saw a massive recovery, with the revenue hitting $67 billion.

It made approximately $81B within the last four quarters. DIS will likely keep soaring in the upcoming months as the company sees recovery in its primary segments.

Editorial credit: Venturelli Luca / shutterstock.com