US markets are experiencing alluring rise in the stocks these days. The Dow Jones Industrial Average is brushing up 17,000. The overall trend of the market continues to get higher and higher every week, a really positive indicator for the investors who spent a rough last year. The question of whether the market trend will be able to sustain this hike remains to be answered. But, irrespective of the future predictions, CNBC’s Bob Pisani thinks that the 17,000 Dow Jones industrial average is something to be celebrated. Telling about the Dow leaders of 2014, Pisani said that the trend is not just limited to any specific area rather its broader and the market canvas is getting bigger in terms of the overall growth and future prospects.
“The trend remains to the upside, I want to emphasize, the broad rotation it’s been going on all throughout the year,” said Pisani.
Caterpillar Inc (NYSE:CAT) is up by 20% this year and wins the first place in the Dow leaders list. Caterpillar Inc (NYSE:CAT) has been on the increasing edge of the market and investors are really looking into the Caterpillar Inc (NYSE:CAT) stocks for long term investments. Similarly, the leading computer hardware manufacture, Intel Corporation (NASDAQ:INTC) is up by 19%, getting second position in the list of Dow leaders. Intel Corporation (NASDAQ:INTC) trades currently at $30.90 and also ranked as the quarterly winner and the year-to-date winner of all 30 DJIA stocks. Intel Corporation (NASDAQ:INTC) now surely possess the higher market ground as compared to its competitors.
Healthcare stock, Merck & Co., Inc (NYSE:MRK) is up by 17%, the third Dow leader this year. Importantly, Johnson & Johnson (NYSE:JNJ) has made to the list of Dow leaders this year, getting up by 15%. Though the experts are labeling the Johnson & Johnson (NYSE:JNJ) stock in “Hold” category, serious buyers are really looking to invest in Johnson & Johnson (NYSE:JNJ) keeping in view its growth potential. The Walt Disney Company (NYSE:DIS) is up by 13% this year, becoming the fifth Dow leader.
Pisani thinks that this latest market success trend has even pushed laggers into the limelight. For example, Chevron Corporation (NYSE:CVX), which did nothing this year is now back in business.