13 Dogs of the Dow
Broader economic indicators like GDP and housing numbers seem to be pointing up lately. But despite this, the Dow 30 are stuck in a death spiral. This arbitrary index of outdated stocks is a poor sample of Wall Street right now and just can’t seem to get its act together.
Investors who place so much emphasis on the Dow Jones Industrial Average do so at their own peril. Not only are the Dow 30 very disconnected from Wall Street and the broader U.S. economy, this lineup also contains some of the worst stocks out there right now.
By my most recent calculations, 13 of the 30 component companies are busts and should be sold immediately. Here are the 13 “Dogs of the Dow” to sell now.