Wall Street believes these 4 Dow stocks will lead the index after one of its best months ever

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As the Dow Jones Industrial Average climbs to its best month in decades, investors may be looking for the stocks poised to continue the momentum. What to know.

As the Dow Jones Industrial Average climbs to its best month in decades, investors may be looking for the stocks poised to continue the upward momentum. The 30-stock index has been on a tear in October. It notched a four-week winning streak for the first time since November 2021 and is up 14% on the month. If the gains hold Monday, it will be the best month for the index since 1976. The S & P 500 and tech-heavy Nasdaq are also up for the month but lagging the Dow.

Analysts at Goldman Sachs cut their near-term earnings estimates and price target slightly but see changes that the company is making as beneficial in the long-term. "Looking beyond near-term dynamics, we remain constructive as we see the company well positioned to continue to win deals and expand its wallet share within its existing customer-base, even in a slower growth environment," wrote analyst Kash Ragan in an Oct. 25 note.

 

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