Investors are becoming more interested in companies that consistently make money, as money is moving away from those that are overvalued. Since its inception in 1896, the Dow Jones Industrial Average has become one of the most widely followed stock market indexes in the world. Charles Dow, an editor of the Wall Street Journal, created the Dow in 1896. As the economy changes, so does the composition of the index’s constituent companies. Johnson & Johnson, Merck & Co., Inc., and Walmart are three of the best Dow stocks to buy right now.
Here is Insider Monkey’s list of 10 best Dow stocks to buy now. Solutions and services related to technology are offered by IBM. Among tech companies, it’s one of the most secure. For 32 years in a row, the company has distributed dividends to shareholders. During the past 22 years, these payouts have increased in size. Revenue for the fourth quarter of 2021 was $2.69 per share, beating expectations by $0.43. Caterpillar Inc. During the period, the company made $13.8 billion, an increase of more than 23% year-on-year in revenue. The 3M Company is an industrial technology conglomerate. For 63 years in a row, the company has increased dividends to shareholders. Fisher Asset Management owns more than $983 million worth of 3M stock, with 5.6 million shares. A fully-integrated oil and gas company, Chevron Corporation is a global leader. As energy prices rise, hedge funds have been increasing their stakes in the company’s stock. As of September 30, 2021, 51 hedge funds had $4.4 billion invested in Chevron Corporation at the end of the quarter. One of Wall Street’s favorite communications stocks is Verizon Communications Inc. Recently, the company’s fourth-quarter 2021 earnings beat market expectations. For more details, click 10 Best Dow Stocks To Buy Now.