5 Dow Jones Gems Poised to Deliver Double-Digit Gains This Year
In 2024, technology stocks, especially those related to artificial intelligence, have maintained their uptrend.
Meanwhile, the S&P 500 achieved a historic milestone by surpassing 5,000 points, reaching this level for the first time in its history.
This progression from 4,000 to the 5,000-point milestone took 719 trading sessions.
Our focus today shifts to the Dow Jones Industrial Average, where we will take a look at five stocks that the market expects to register double-digit gains this year.
Utilizing the InvestingPro tool, we can access relevant data and information to analyze these stocks in detail.
Chevron (NYSE:CVX) was founded in 1879 and headquartered in California, the result of the dissolution of the Standard Oil trust.
In a period of more than forty years, John Rockefeller led Standard Oil to be the largest company in the world for a long time. It has major oil and natural gas fields, oil refineries and oil tankers.
On March 11 it will distribute a dividend of $1.63 and to be eligible to receive it you must hold shares before February 15, the dividend yield being +4.32%.
Source: InvestingPro
Major oil and gas companies (such as BP (LON:BP), Chevron, Exxon Mobil (NYSE:XOM), Shell (LON:RDSb) and TotalEnergies (EPA:TTEF) collectively returned more than $111 billion to shareholders through dividends and buybacks.
Sector strategy differed between the U.S. and European companies, with the former focusing on boosting oil production and the latter allocating more capital to renewable and low-carbon projects.
On April 26 it will publish its results and for the 2024 computation the forecast is for a revenue gain of +3.7%.
Source: InvestingPro
With data at the close of the week, the potential given by the market stands
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