Broader economic indicators like GDP and housing numbers seem to be pointing up lately. But despite this, the Dow 30 are stuck in a death spiral. This arbitrary index of outdated stocks is a poor sample of Wall Street right now and just can't seem to get its act together.
Investors who place so much emphasis on the Dow Jones Industrial Average do so at their own peril. Not only are the Dow 30 very disconnected from Wall Street and the broader U.S. economy, this lineup also contains some of the worst stocks out there right now.
By my most recent calculations, 13 of the 30 component companies are busts and should be sold immediately. Here are the 13 "Dogs of the Dow" to sell now.
Click on each stock to learn more.
Stock #1: Alcoa (AA)
Stock #2: AT&T (T)
Stock #3: Bank of America (BAC)
Stock #4: Boeing (BA)
Stock #5: Chevron (CVX)
Stock #6: Exxon Mobil (XOM)
Stock #7: General Electric (GE)
Stock #8: Home Depot (HD)
Stock #9: Kraft (KFT)
Stock #10: McDonald's (MCD)
Stock #11: Procter & Gamble (PG)
Stock #12: Verizon (VZ)
Stock #13: Walmart (WMT)
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Reader Comments (Page 1 of 1)
12-13-2009 @ 12:57AM
Sheldon L said...
This is a remarkable opinion given that large caps have lagged the market in 2009 and most advisors have taken the oposite view.
Boeing for one just tested the 787 Dreamliner today and will see increased orders this coming year.
I strongly disagree with this view and may track them against the S&P and post the results. I think they will do as well or better.
12-13-2009 @ 4:33PM
Observer-1 said...
Your article is very entertaining and almost laughable. Is there a Wall Street Comic Book? If so-yours would be the lead article. I take it you are short these stocks or at least have some put options. I would suggest you be very nimble or else youll be hung out to dry with the rest of your believers.
12-13-2009 @ 4:55PM
Chas said...
AA Alcoa ALUMINUM. ALUMINUM being the key word here Everting is made from aluminum. Prpoduction of proucts in this country are postured to turn around. I would bet against you here over the next two to five years
12-13-2009 @ 5:55PM
miansrb said...
Surely, you jest! I thing in about 6 months you will be proven wrong on almost all accounts
12-13-2009 @ 6:55PM
hpuppy33 said...
if being stupid were a stock, you would be rich
12-14-2009 @ 3:14PM
Sheldon L said...
...another view,
Serious Money: These Dow Dogs are not---AA, T, BAC, BA......
http://www.bloggingstocks.com/2009/12/14/serious-money-these-dow-dogs-are-not/
12-15-2009 @ 6:08PM
JHM said...
You are kidding right? You can't have expected ANYONE to take this seriously. Get a clue before you make an obviously flawed opinion.
12-25-2009 @ 2:13AM
dhafele said...
Someone already said it, this guy is short bty good call on Alcoa lol--it's probably up 30% since this was written