4 Dow Stocks Are Down Over 15% in 2023. Here's My Top Pick of the 4 to Buy Now.

So far, 2023 has been a year of recovery for the stock market overall. The Dow Jones Industrial Average is up roughly 2.5%. That's not bad given the Dow's 8.9% drop in 2022, but it's also quite a bit less than the 2023 performances so far for the S 500 (up 12.7%) or the Nasdaq Composite (up 26.5%).

The Dow's concentration on an established group of 30 blue-chip companies doesn't include a lot of powerful growth stocks and certainly doesn't include smaller companies with breakout potential. Rather, it's meant to represent the broader economy, and almost all of its components are industry leaders and pay a dividend.

But sometimes, even blue chip stocks can get hit with big sell-offs. And that's exactly what's happened so far this year to Dow components like Nike (NYSE: NKE), Verizon Communications (NYSE: VZ), Walgreens Boots Alliance (NASDAQ: WBA), and 3M (NYSE: MMM). All four dividend stocks are down more than 15% year to date.