3 Dow Jones Industrial Average Stocks for Your August 2022 Watchlist

Check Out These Three Dow Jones Industrial Average Stocks in the Stock Market Today

The Dow Jones Industrial Average (DJIA) is a stock market index that tracks the performance of 30 large, publicly traded companies traded on the New York Stock Exchange (NYSE) and the Nasdaq. The Dow is one of the oldest and most well-known indexes in the world. In particular, it is often used as a barometer for the overall health of the stock market. Additionally, the Dow Jones is named after trading partners Charles Dow and Edward Jones, who created the index in 1896.

The Dow is calculated by taking the average price of each stock in its index. The Dow usually fluctuates with the overall direction of the stock market. For example, it rises when stocks are doing well and falls when they are not. Whereas the Dow is not a true measure of the stock market. However, it can give investors a good idea of ​​how it is performing. Some notable companies include; Microsoft Corp (NASDAQ:MSFT), Apple, Inc. (NASDAQ:AAPL), and Amgen (NASDAQ:AMGN) to name a few.

As of Monday afternoon, the Dow Jones was down 65 points at $32,780.06. Overall, if you’re an investor investing in blue-chip stocks, check out these three Dow Jones Industrial Average stocks on the stock market today.

Dow Jones Industrial Stocks 3M Company to Watch in August 2022

First, we have 3M Company (MMM). 3M is a multinational conglomerate corporation working in the fields of industry, worker safety and health care. It uses science to improve lives and help solve the world’s toughest challenges. The company continues to execute its plan to deliver exceptional value for its customers and premium returns to its shareholders. This is clearly visible from the company’s recent earnings.

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Last month, 3M reported its second-quarter earnings per share of $2.48 on revenue of $8.7 billion. For context, this compares to Wall Street’s estimate of $2.41 per share on revenue of $8.8 billion. In addition, the company said it anticipates 2022 earnings of $10.30 to $10.80 per share on revenue of $34.47 billion to $35.18 billion. Previously, 3M provided guidance of $10.15 to $10.65 per share on revenue of $35.71 billion to $36.77 billion. Furthermore, MMM stock is currently up over 11% in the last month of trading action. As of Monday afternoon, shares of 3M Stock are currently trading at $143.31 per share.

Mike Roman, President and CEO of 3M, commented, “In a challenging macroeconomic environment, 3M has executed well and delivered solid earnings, while continuing to drive growth through investments in large, fast-growing sectors. ” He continued, “Looking forward, we updated our adjusted full-year expectations largely due to the strength of the US dollar and the uncertain macroeconomic environment. We continue to drive innovation for customers, improve operations, and manage our environment.” With all this in mind, is MMM stock worth a place on your watchlist today?

Source: TD Ameritrade TOS

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Home Depot, Inc.

After that, dive into Home Depot (HD). In short, Home Depot is the world’s largest home improvement specialty retailer. As per its latest quarterly update, the company operates through a total of 2,316 retail stores. All of which are spread over 50 US states, the District of Columbia, Guam, Canada, and Mexico, among other locations. Through its vast workforce of over 500,000 employees, Home Depot provides consumers with a wide range of home improvement items along with relevant services.

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Despite prices continuing to rise, Home Depot’s operations continue to experience growth. For example, let’s look at the company’s most recent quarterly update from May. In the report, Home Depot reported its “highest first quarter sales ever.” Notably, Home Deport posted total sales for the first quarter of 2022 at $38.9 billion, an increase of $1.4 billion year-over-year. Also its comparable sales for the quarter increased by 2.2%.

“Fiscal Year 2022 is off to a strong start as we posted the highest-ever first quarter sales in the company’s history,” said Ted Dekker, CEO and President. “The solid performance in the quarter is even more impressive as we compare with last year’s historic growth and this year suffered a slow start to spring. Because of this, investors may consider keeping an eye on HD stock ahead of the July 28 earnings call. With that, should you watch HD stocks in the stock market today?

Source: TD Ameritrade TOS

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Walgreens Boots Alliance

Finally, we have Walgreens (WBA). Walgreens Boots Alliance is a pharmacy store chain company. The company specializes in filling prescriptions, health and wellness products, health information and photo services. As a whole, the company’s main divisions are its Retail Pharmacy USA segment and the Retail Pharmacy International segment. The Retail Pharmacy USA branch includes Walgreens, which operates retail drugstores, health and wellness services, and mail and central specialty pharmacy services. Whereas the Retail Pharmacy International segment comprises of pharmacy-led health and beauty retail enterprises.

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In late June, Walgreens Boots Alliance (WBA) reported its third quarter 2022 earnings. In this, the company posted earnings per share of $0.96 on revenue of $32.6 billion. Meanwhile, the consensus earnings estimate was $0.95 per share on revenue of $32.0 billion. Additionally, Walgreens reported that it is maintaining guidance expectations for its full-year 2022 fiscal earnings.

Chief Executive Officer Rosalind Brewer commented in her note to shareholders, “WBA delivered strong performance across the operating segment, driven by very strong growth last year. Third quarter results were broadly in line with our expectations, thanks to our deep community connections and consumers. Demonstrate the resilience of our business through relevance to our business.” On Monday afternoon, shares of WBA stock are currently trading at $39.80 per share. Will you keep WBA stock on your radar this week?

Source: TD Ameritrade TOS

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Medium Ventures, LLC | (305) 306-3854 | 1501 Venera Avenue, Coral Gables, FL 33146 | [email protected]

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