Is It Time to Buy the Dow Jones' 3 Worst Performing Stocks of 2020?
The Dow Jones Industrial Average may have managed to fight its way out of the red and into the black year to date, overcoming a COVID-19-prompted slump in February and March. But not every one of its 30 components has been able to do the same.
The stock prices for Boeing (NYSE: BA), Walgreens Boots Alliance (NASDAQ: WBA), and Chevron (NYSE: CVX) remain underwater for the year so far, by a lot. As of Dec. 7, those names are down about 29%, 26%, and 23% (respectively) since the end of 2019, while the Dow itself is up about 5%.
There are two schools of thought as to how this disparity should be viewed. On the one hand, one could argue these three picks are down for good reasons that haven't abated yet. On the other hand, the crowd sometimes makes mistakes, holding stocks down that actually deserve to trade at much higher levels.
Source Fool.com
