The Dow just hit a record, but a number of stocks are still in a correction [CNBC]
DOWDUPONT (DWDP)
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Source: CNBC
The Dow Jones Industrial Average surged to an all-time high on Thursday, surpassing its January high, but a third of its components still remain in a correction. Even as the blue-chip index nears its all-time high hit in January, 10 of its members are trading in a correction, or 10 percent below recent highs. The worst of the group is Intel , down 19 percent from its all-time high in early June and one of just two Dow stocks negative this quarter. Other components in a correction include 3M , Goldman Sachs , Walmart and IBM . Some investors believe that despite the carnage since their respective highs, several blue chips are poised to make a comeback. Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management, is bullish on DowDuPont and the index's newest member, Walgreens Boots Alliance . [Walgreens has] gotten beaten up so badly because of this whole Amazon stay-at-home economy craze, if you will, so people just forgot
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