The Dow Jones Industrial Average index, considered a barometer of the health of the U.S. stock markets, recently notched its best-ever streak since 1987, when it rose for 13 straight days through July 26. While macro factors and earnings are driving Dow stocks higher now, the 30 blue-chip stocks in the index are already established, mature companies that have stood the test of time. In fact, S Global, which operates the Dow Jones, admits a company into the index only if it has"an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors."

Some of the Dow stocks look set to soar in 2023 and beyond, like the three we'll discuss here.

Johnson Johnson (NYSE: JNJ) is transforming, and it's the transformation that could propel this Dow stock higher in 2023 and beyond.

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Source Fool.com