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Wow, everyone's reading the blog. Thank you. LOL.
Yesterday, I posted a short note on the "dogs of the Dow":
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Dogs Of The Dow
Link takes you to a newsletter subscription site. Maybe later I can find a better source. [Later: not necessary. We've already moved on to the Dogs of 2024.
Today, from Barron's, three "dogs" most likely to beat the Dow next year, 2024.
The Bloomberg list:
The first list included INTC and JPM which the second list did not.
The second list included GS (Goldman) and KO (Coca-Cola) which the first list did not.
The three stocks Barron's suggest could be the best of the lot in 2024:
- KO,
- GS,
- CVX
From the linked Barron's article:
Coca-Cola, Goldman, and Chevron yield 3.1%, 3.1%, and 4.2%, respectively. The average yield for the 2024 Dogs is about 4.8%. Walgreens yields north of 8% while Verizon yields about 7%. The average yield heading into 2023 was about 4.5%.
The dividend yield on the S&P 500 is currently about 1.6%. The yield on the Dow is about 2.1%.
The entire 2024 Dogs list is Verizon, chemical giant Dow Inc., Walgreens, 3M, IBM, Amgen, Cisco, Chevron, Coca-Cola, and Goldman. Intel and JPMorgan have dropped out of this year’s pack. They were replaced by Coca-Cola and Goldman.
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