These 3 Dow Stocks Are Screaming Buys
The Dow Jones Industrial Average (DJINDICES:^DJI) is made up of 30 companies that are meant to reflect the broader market. But when you measure its price performance, the Dow does consistently worse than the Nasdaq Composite and the S&P 500, and it will probably continue to underperform those benchmarks for years to come.
The Dow itself may have flaws, but some of the companies in the index are worth buying on their own. Industrial behemoth Honeywell International (NYSE: HON), software giant salesforce.com (NYSE: CRM), and recession-proof conglomerate Procter & Gamble (NYSE: PG) are all screaming buys right now. Here's why.
Despite a rocky performance in 2020, particularly from its aerospace segment, shares of Honeywell are trading near an all-time high. At first glance, Honeywell's valuation looks expensive. Its 2021 earnings are uncertain and Honeywell depends on both the defense industry as well as the commercial airline industry, both of which are struggling. However, Honeywell is positioned to benefit from a bull market. It also has the fundamentals to survive a prolonged period of low growth.
Source Fool.com
