The Dow Jones Industrial Average just hit an all-time record high. Now investors want to know which of the 30 Dow stocks will lead the measure to its next milestone.
A week after the S&P 500 hit a record, the Dow Jones Industrial Average topped the 27,517.58 level on Monday, boosted by trade bellwethers Boeing and Caterpillar, as the U.S.-China trade war shows signs of improvement.
Despite the sudden departure of CEO Steve Easterbrook, McDonald’s is the company analysts expect to run-up the most in the next year. McDonald’s is competing in a crowded fast-food landscape, with Burger King’s parent company Restaurant Brands International and Wendy’s, both returning more than McDonald’s in 2019 so far.
Bob Iger-led Disney is slated to rip higher as the company’s streaming platform Disney plus is set to debut this month, further escalating the so-called streaming wars. Despite 737 Max issues, Wall Street is still bullish on Boeing, betting on a return to service of the troubled plane next year.
Microsoft is one of the already-hot stocks that Wall Street expects to stay hot. The technology company is up more than 40% this year, and analysts see it rising another 11% over the next 12 months.
Microsoft is the second-best year-to-date performer on the list, backing up Apple, whose stock is up more than 60% since January. But Apple’s rally might be coming to an end. Analysts believe some of the companies that have lead the way this year, like Apple (up 63%), J.P. Morgan Chase (up 34%), and Home Depot (up 40%) are going to cool off and actually decline over the next 12 months.
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