The Dow Jones Industrial Average is up 3.64% over the past month, and technical indicators show that it could extend much further. If last year’s repeat of the ‘Majestic Seven’ leading the broader indices again happens this year, we could be in for a bit of a wild ride.
Despite their stretched valuations, tech stocks will continue to deliver growth for investors this year. Also, we may see a lengthier composition of stocks compared to 2023’s rally. With lower P/E ratios and falling bond yields, in response to predicted interest rate cuts, some underappreciated Dow stocks could rise further.
Let’s examine three of those Dow stocks that may emerge as winners this year.
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