Should You Buy These 3 Stocks Leading the Dow Jones Higher?
The Dow Jones Industrial Average has been firing on all cylinders of late, soaring more than 12% in November to offset losses logged over the course of September and October. This bullishness wasn't distributed evenly among the Dow's 30 constituents, however. Boeing (NYSE: BA), Chevron (NYSE: CVX), and American Express (NYSE: AXP) gained 47%, 31%, and 26% over the course of November, leading the index's upward charge.
They're seemingly unrelated companies. But, there is a common thread -- they're big beneficiaries of an economy that can finally put the coronavirus pandemic in the rearview mirror. Pfizer and BioNTech as well as Moderna unveiled effective vaccines this past month, and even AstraZeneca's coronavirus vaccine still holds promise. The world may be able to get back to "normal" soon enough. Meanwhile, Boeing's beleaguered 737 MAX passenger jet should be taking to the skies again soon.
Investors looking to cash in on these hot blue chip stocks, however, might want to look elsewhere. While a COVID-19 vaccine may well be on the radar, it's going to take a lot more time to finalize, reproduce, and distribute it wherever it's needed. A lot could still take shape to undermine these consumer-minded stocks again.
Source Fool.com
