12 Dow Stocks Billionaires Like The Least – Yahoo Finance

In this article, we'll take a look at 12 Dow stocks that billionaires really hate. If you want to skip the stock market and Dow overview, please skip to the next item. 5 Dow stocks that billionaires hate the most.

As 2023 prepares to roll into the past, one parting gift to investors is uncertainty. This year has been full of ups and downs for the stock market, and throughout the past 12 months investors have seen their investments rise and fall as they struggle to adjust their portfolios on the slightest whim. 2023 began by greeting markets wary of the Federal Reserve and its rate hikes. The Federal Reserve has raised interest rates multiple times by 75 basis points into 2023, and investors, analysts, and economists have been concerned about the impact of these hikes on the economy, particularly the high-growth technology sector.

The stock market itself is a barometer of the economy, but the performance of indexes like the Nasdaq Composite and the S&P 500 often varies by sector. For example, over the past year, technology and growth companies like Metaplatforms Inc. (NASDAQ:META) and Tesla Inc. (NASDAQ:TSLA) have been decimated by the market hit from high interest rates and inflation, while ExxonMobil Inc. Other companies such as (NYSE:XOM) and Chevron Corporation (NYSE:CVX) also soared on the back of record oil prices.

One index that better represents the American economy is the Dow Jones Industrial Average (DJIA). One of the world's oldest stock indexes, the Dow has seen every phase of stock market history, from the Great Depression of the 1930s to the Great Recession of 2008. Throughout his life, he has seen many companies come and go. Since technology is now the largest sector of the American economy, several technology companies are listed on the Dow Jones Industrial Average. Membership earns companies the prestigious title of blue chip stock, and the Dow Jones Industrial Average currently consists of 30 companies, with the most recent change being Salesforce, Inc. (NYSE:CRM) in 2020. , with the participation of Honeywell International. Inc. (NASDAQ:HON) and Amgen Inc. (NASDAQ:AMGN) were winners, as were Pfizer Inc. (NYSE:PFE), Exxon, and RTX Corporation (NYSE:RTX).

Because the Dow is more diversified, its performance is less likely to show astounding returns like other indexes such as the tech-heavy Nasdaq 100. Index constituents range from financial services to information technology, oil exploration, healthcare, retail, construction, semiconductors and industrials. Entertainment. So, for example, if interest rates on construction contracts remain high even as semiconductors continue to rise on the back of strong AI spending, the Dow's performance will reflect both of these changes. As a result, the Dow Jones Industrial Average has increased modestly by 9.12% since the beginning of the year, while other widely known indexes such as the S&P 500 and Nasdaq Composite Index have increased by 19.8% and 37.98%, respectively.

In other words, the Dow Jones Industrial Average is not known for blockbuster returns. Hearing this, some of you must be wondering why it is so popular among investors and the media. The answer to this question lies in his two words: stability and diversification. If you simply choose to invest in an index, your portfolio may not generate high returns, but it will still provide a significant cushion in times of economic turmoil. As an example of this principle, consider that the S&P 500 fell approximately 40% between December 2007 and June 2009. This was a world-shaking disaster. However, DJIA managed to avoid cutting some of its losses by about 35%, resulting in a slight profit. Since March 2009, the Dow has risen 396%, while the S&P has returned 461%.

But what about stocks? Looking at the best-performing Dow stocks in 2023 as of November 17, 2023, the best-performing stocks in the index were Salesforce Inc. (NYSE:CRM) and Intel Corporation (NASDAQ). :INTC), Microsoft Corporation. (NASDAQ:MSFT). Overall, the top five stocks on the Dow Jones Industrial Average are also technology companies, solidifying technology's role as the market's savior in 2023.

Looking at this, it's important to know where the smart money is going when it comes to Dow stocks and blue-chip stocks. Today's research reveals that three of the Dow's most unfavorable billionaire stocks are Walgreens Boots Alliance (NASDAQ:WBA), The Dow Company (NYSE:DOW), and Verizon Communications (NYSE:VZ). I did.

12 Dow stocks that billionaires hate the most

12 Dow stocks that billionaires hate the most

our methodology

To create a list of Dow stocks least liked by billionaires, we looked at hedge fund filings for the third quarter of 2023 and created a list of people who invested in Dow stocks. From these, the companies with the fewest billionaire investors were chosen.

Billionaires hate the Dow stock the most

12. Home Depot (NYSE:HD)

Number of millionaire investors in Q3 2023: 16

The Home Depot, Inc. (NYSE:HD) is an American home improvement retailer headquartered in Atlanta, Georgia. Ken Langone, the company's well-known and sometimes controversial billionaire co-founder, gave investment advice in December 2023, telling young people to never bet on America, always take the long-term approach. With this in mind, he advised people to use the downside as a buying point, rather than the downside. sales point.

During the third quarter of this year, 76 of the 910 hedge funds profiled by Insider Monkey bought and owned shares of Home Depot Inc. (NYSE:HD).Ken Fisher's Fisher Asset Management The company became the company's largest shareholder with 8.6 million shares worth $2.6 billion.

Home Depot (NYSE:HD) is one of the top Dow stocks, along with Dow (NYSE:DOW), Verizon Communications (NYSE:VZ), and Walgreens Boots Alliance (NASDAQ:WBA). It's one. Billionaires don't really like that.

11. Honeywell International, Inc. (NASDAQ:HON)

Number of millionaire investors in Q3 2023: 16

Honeywell International Inc. (NASDAQ:HON) is one of the world's largest industrial technology and products companies. The company made headlines as the second week of December 2023 began when it confirmed it would acquire a security systems and smart lock maker for $5 billion in its biggest deal of the decade.

Insider Monkey's Q3 2023 survey of 910 hedge funds revealed that 60 hedge funds had invested in the company.Honeywell International, Inc. (NASDAQ:HON)'s biggest hedge fund shareholders are Phil Gross and Robert Atchinson. Adage Capital Management The company owns 1.8 million shares worth $346 million.

10. 3M Company (NYSE:MMM)

Number of millionaire investors in Q3 2023: 16

3M Company (NYSE:MMM) is another conglomerate. The company is headquartered in St. Paul, Minnesota, and in December 2023, Barclays raised its rating from underweight to equal weight and raised its price target from $98 to $107 on the back of solid demand for electronics products. The company's stock was a winner.

Of the 910 hedge funds surveyed by Insider Monkey, 54 held 3M Company (NYSE: MMM) stock in the September 2023 quarter. The largest investor was Ken Griffin. Citadel Investment Group That's because he owned $146 million worth of stock.

9. American Express Company (NYSE:AXP)

Number of millionaire investors in Q3 2023: 15

American Express Company (NYSE:AXP) is America's leading travel and financial services provider. Recently, rumors of a possible partnership with Apple Inc. (NASDAQ:AAPL) on Apple Card have been in the news, following the deterioration of Apple's partnership with Goldman Sachs Group (NYSE:GS). ing.

By the end of the third quarter of this year, 74 of the 910 hedge funds surveyed by Insider Monkey were investors in the company.Warren Buffett is the largest shareholder of American Express Company (NYSE:AXP) berkshire hathaway Thanks to a $22.6 billion stake.

8. Caterpillar Inc. (NYSE:CAT)

Number of millionaire investors in Q3 2023: 14

Caterpillar Inc. (NYSE:CAT) is a well-known global brand of heavy agricultural and construction equipment. The company is currently focused on strengthening its sustainability platform, announcing in December 2023 an investment in a company focused on reusing materials for battery manufacturing.

Insider Monkey investigated the stock holdings of 910 hedge funds during the September 2023 quarter and found 50 shareholders in Caterpillar Inc. (NYSE:CAT).Ken Fisher's Fisher Asset Management became the largest investor through a $2.1 billion investment.

7. Goldman Sachs Group (NYSE:GS)

Number of millionaire investors in Q3 2023: 14

Goldman Sachs Group (NYSE:GS) is one of the world's largest investment banks. As 2023 comes to a close, the company is busy wrapping up its much-hyped expansion into retail after huge losses and writedowns, including a bad deal with Apple over the Apple Card.

The bank was an investor in 68 of the 910 hedge funds surveyed by Insider Monkey during September 2023.Ken Fisher is the largest hedge fund shareholder in Goldman Sachs Group (NYSE:GS) Fisher Asset Management The company holds 5.3 million shares worth $1.7 billion.

6. International Business Machines Corporation (NYSE:IBM)

Number of millionaire investors in Q3 2023: 14

International Business Machines Corporation (NYSE:IBM) is one of the world's leading enterprise computing and semiconductor research companies. Amid the current hype surrounding AI, the company announced in December 2023 that it was part of an open source AI alliance with major companies such as Meta.

53 of the 910 hedge funds in Insider Monkey's Q3 2023 database invested in International Business Machines Corporation (NYSE:IBM).Peter Rajens, Bruce Clark, John Campbell Arrow Street Capital became the largest investor with a $312 million stake.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA), International Business Machines Corporation (NYSE:IBM), Dow Inc. (NYSE:DOW), International Business Machines Corporation (NYSE:IBM), and Verizon Communications Inc. (NYSE:VZ) ) ) are some of the least favorite Dow stocks among billionaires.

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Disclosure: None. 12 Dow stocks that billionaires hate the most Originally published on Insider Monkey.



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