Discover the top Dogs of the Dow for 2024 and their potential for beating the stock market

  • The Dogs of the Dow is a dividend-oriented strategy that invests in the 10 highest-yielding stocks in the Dow Jones Industrial Average
  • The Dogs have underperformed the S&P 500 and the Dow four times in the past five years
  • Three of the 2023 Dogs with strong support from Wall Street have done reasonably well: JPMorgan Chase, IBM, and Cisco
  • The three Dogs with the strongest support on Wall Street heading into 2024 are Coca-Cola, Goldman Sachs, and Chevron
  • The average yield for the 2024 Dogs is about 4.8%, with Walgreens yielding north of 8% and Verizon yielding about 7%

The Dogs of the Dow strategy, which invests in the 10 highest-yielding stocks in the Dow Jones Industrial Average, has underperformed in recent years. However, there are still opportunities for investors to find success with this strategy. Three of the 2023 Dogs, JPMorgan Chase, IBM, and Cisco, have performed well and have strong support from Wall Street. Looking ahead to 2024, Coca-Cola, Goldman Sachs, and Chevron are the top Dogs with the strongest analyst support. These stocks offer attractive dividend yields, with the average yield for the 2024 Dogs being about 4.8%. Walgreens and Verizon have the highest yields, at over 8% and 7% respectively. By considering the Dogs of the Dow strategy and focusing on these top picks, investors have the potential to beat the stock market in 2024.

Public Companies: Walgreens (WBA), Verizon (VZ), 3M (MMM), Dow (DOW), Chevron (CVX), IBM (IBM), Cisco (CSCO), Amgen (AMGN), Goldman (GS), Coca-Cola (KO)
Private Companies:
Key People:

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Factuality Level: 7
Justification: The article provides information about the Dogs of the Dow strategy and its recent performance. It includes data on the returns of the strategy compared to the S&P 500 and the Dow. It also mentions specific stocks that have performed well or poorly within the strategy. The article includes data and statistics to support its claims.

Noise Level: 6
Justification: The article provides information on the Dogs of the Dow strategy and its recent underperformance. It explains the basic insights behind the strategy and discusses the reasons for its recent decline. It also provides data on the historical performance of the Dogs of the Dow compared to the S&P 500. The article suggests that contrarian investors may see the underperformance as an opportunity for mean reversion and highlights three Dogs of the Dow with strong analyst support for 2024. However, the article lacks scientific rigor and intellectual honesty as it does not provide a balanced analysis of the strategy or consider potential risks and limitations. It also does not provide actionable insights or solutions for investors.

Financial Relevance: Yes
Financial Markets Impacted: The article discusses the performance of the Dogs of the Dow strategy, which invests in the 10 highest-yielding stocks in the Dow Jones Industrial Average. It provides insights into the underperformance of the strategy and highlights specific stocks that have been a drag on its performance.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article primarily focuses on the financial performance of the Dogs of the Dow strategy and does not mention any extreme events or their impact.

Reported publicly: www.marketwatch.com