The Best Dow Jones Stocks of 2021

10 Aug 2021 10:55
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The delta variant of the coronavirus continues to worry investors. The Dow Jones Industrial Average (DJINDICES:^DJI) is down on Aug. 9, falling from Friday's record high whilst many companies continue steadily to report strong earnings for the second quarter. Dow Jones stocks that can be down today include American Express (NYSE:AXP), which is the second-best-performing Dow stock up to now in 2021, up 41.6% at this writing.

Fellow consumer credit and electronic payments giant Visa (NYSE:V) is also down today, alongside oil giant Chevron (NYSE:CVX) on another crude oil sell-off tied to worries that the coronavirus surge will impact demand more sharply than expected. Goldman Sachs (NYSE:GS) shares are bucking the trend, up 1.3% today. But these gains from the very best Dow stock of 2021 (up 52%) aren't enough to offset a down day for all the indexes. 

Despite strong earnings, economic indicators, delta variant keeping investors on edge
By and large, this earnings season has been great. Visa reported revenue was up 27% in the second quarter in late July, and U.S. payments volume had surpassed 2019 (i.e., pre-pandemic) levels. American Express reported similarly strong results, with revenue and transaction volumes — with the notable exceptions of travel and entertainment — largely back once again to pre-pandemic levels in many of its markets. 

Economic indicators have continued to point in a positive direction. We saw this firsthand on Friday when the Dow moved to a brand new record high following a great July jobs report. The prior day's weekly unemployment report was similarly positive, indicating a continued trend in the proper direction.

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