Dow hits another all-time high and these 5 stocks are sticking out
The blue-chip Dow Jones Industrial Average Index (DJI) hit yet another record trading high on Thursday morning, see which stocks are leading the benchmark index according to Seeking Alpha’s quant metrics.
Currently, the Dow trades at 43,234.57 points and hit an all-time high of 43,289.76 points. Moreover, the index is higher on the trading year by 14.8%, and is also higher by 4.5% on a much shorter 1-month time frame.
For reference, Seeking Alpha’s quant ratings system grades stocks based on quantitative measures, such as profitability, momentum and valuation. Quant ratings are given on a scale of 1-5.
Top 5 Dow Components per SA Quant Ratings
No. 5: Apple (AAPL), quant rating of 3.47.
No. 4: Honeywell International (HON), quant rating of 3.69.
No. 3: Travelers Companies (TRV), quant rating of 4.18.
No. 2: Microsoft (MSFT), quant rating of 4.64.
No. 1: American Express Company (AXP), quant rating of 4.94.
Year-to-date performances: AAPL +20.4%, HON +4.4%, TRV +27.5%, MSFT +10.6%, and AXP +50.3%.
As an add-on, the Dow is made up of 30 stocks and the two worst performers of the index from a quant grade vantage point are Intel (INTC) and Boeing (BA) as the two stocks hold scores of 2.59 and 2.72, respectively.
For investors looking to keep a pulse on the Dow (DJI), they may look towards exchange-traded funds that mirror the price movements of the blue-chip index. Some funds worth noting are as below:
Dow ETFs: (NYSEARCA:DIA), (DDM), (UDOW), (DOG), (DXD), and (SDOW).