Dow Jones Down Over 2% in Last 5 Days: 3 Stocks That Offer a Buying Opportunity

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 43 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Dow Jones Industrial Average News

Verizon Communications Inc,Procter & Gamble Company,Broadcom Inc

Stocks Analysis by Timothy Fries covering: Dow Jones Industrial Average, Verizon Communications Inc, Procter & Gamble Company, Broadcom Inc. Read Timothy Fries 's latest article on Investing.com

has continued to show weakness, having slumped by -3.99% to present 38,111. This level was last seen at the end of January but also at the beginning of May, after which DJIA touched a new all-time high of 40k in mid-May.

Through cash dividend payouts, PG returned $2.3 billion to shareholders, in addition to $1 billion worth of stock buybacks. The company demonstrated its wide moat status by increasing dividends, marking the 68th consecutive increase throughout its 134 years of dividend payouts. It now stands at an annual payout of $4.026 per share.

Over one year, AVGO stock gained 63% value, largely owing to the 4x ramp-up in AI chip revenue to $2.3 billion in Q1 out of the total $11.96 billion net revenue. As an offsetting cyclical driver, this put Broadcom in the investor spotlight. According to Zacks Investment Research, the company’s next earnings call is scheduled for July 23rd. The consensus EPS forecast is $1.16. The company’s price-to-earnings ratio remains stable, staying within the 8.6 range from the actual 8.56 during 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Top Stocks in the Dow Jones Worth Holding in 2024Stocks Analysis by The Tokenist (Timothy Fries) covering: Dow Jones Industrial Average, Caterpillar Inc, Microsoft Corporation, Alphabet Inc Class A. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reportsDow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reports
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reportsDow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reports
Source: Investingcom - 🏆 450. / 53 Read more »