Dow Industrials are now in the red for 2023, but these stocks may lead it back into the black, analysts say

As the Dow Jones Industrial Average looks to climb back into positive territory for the year, certain stocks will lead the way, according to analysts. The blue-chip index turned red for 2023 on Thursday as investors worried about the health of regional banking and weighed the effects of the Federal Reserve's most recent rate hike . Among the index's biggest losers were Disney , American Express , Goldman Sachs and Boeing .

"There is also likely ~7% upside to FY24 [earnings] consensus if macro holds up as expected , however, there is ~8% downside if the macro environment deteriorates." DIS YTD mountain Disney year to date Shares of Disney are up nearly 12% year to date. Meanwhile, Walgreens Boots Alliance has nearly 27% upside to the average analyst price target. The drugstore chain and health-care company beat expectations when it reported fiscal second quarter earnings in late March.

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