For the past 127 years, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) has been a widely followed barometer of Wall Street's health. What began in 1896 as a 12-stock index dominated by industrial companies has evolved into a 30-component index containing generally profitable, diverse, multinational businesses.

However, the outlook for the 30 individual companies in the Dow Jones varies greatly. With the ageless index having pulled back from its 2023 high, a handful of its components have moved to historically cheap valuations. For investors with a long-term mindset, it provides the perfect opportunity to pounce.

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Source Fool.com