Jim Cramer Says Dow Jones Likely to Continue Outperforming; Here Are 3 Dow Stocks That Analysts Like [Yahoo! Finance News]
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Source: Yahoo! Finance News
Of the 3 major indexes, the Dow Jones has suffered the least in 2022’s bear, showing year-to-date losses of 7% against the ’s 17% drop and the NASDAQ’s far more extreme 29% decline.Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, believes that a big part of the blue-chip index’s better display is down to it being crammed with more established old school names, and ones that are profitable, compared to the S&P’s more mixed affair and the tech-heavy NASDAQ, which is home to more growth-oriented, unprofitable companies.But if you think 2023 will usher in a changing of the guard, Cramer believes otherwise. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the Dow to keep outperforming the and the S&P, at least until January, possibly even a lot longer," Cramer said.With this in mind, we usedTipRanks databaseMicrosoft Corporation()Hardly any companies come bigger than Microsoft, the first Dow stock we’ll look at.
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