5 Dow Stocks for 2023
Although 2022 was the most difficult year in Wall Street’s history, the Dow Jones Industrial Average (DJI), shined brightest. The Dow’s 9% decline was significantly less painful than the 19% drop for the broad-based S&P 500 and the 33% plunge by the tech-focused Nasdaq Composite, even though all three major U.S. stock indexes entered a bear market last year.
This outperformance is not so subtle because of the Dow’s composition. It is made up of 30 multinational corporations. Most of them are well-established and pay dividends. These are stocks that investors should own during uncertain economic times.
The “House of Mouse,” Walt Disney (DIS 2.41%), is the first stock in the Dow Jones Industrial Average that is a must-buy in 2023. Disney provides clear catalysts for the future despite the COVID-19 pandemic that has decimated its movie revenue and caused havoc at its theme parks.
Businesses need to become more adept at connecting across generations. This superior engagement allows Disney to raise the prices of its theme parks tickets and keep a substantial lead over inflation.