Despite recent market volatility, this year has been positive for the stock market overall. However, the Dow Jones Industrial Average has only seen a 2.4% increase year to date (YTD), falling behind the Nasdaq Composite’s nearly 7% YTD return and the S&P 500’s almost 8% gain.
While the Dow Jones includes many top blue-chip companies, there are several Dow stocks that have experienced declines this year. Some well-known names are hovering close to their 52-week lows, such as Apple (NASDAQ: AAPL), Nike (NYSE: NKE), and UnitedHealth (NYSE: UNH). Let’s explore why these three dividend stocks are down and why they might present a buying opportunity.
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Transition from sector leader to sector underperformer
Apple stands out as a surprising inclusion in this list. Despite representing over 7% of the Nasdaq Composite, Apple’s performance has not been as strong this year. While Apple has historically been a market leader, the Nasdaq Composite reached a record high on March 21, showing resilience even with Apple’s struggles.
2024-04-13 10:01:00
Link from finance.yahoo.com