For the last 128 years, the iconic Dow Jones Industrial Average (^DJI) has served as the premier health barometer for Wall Street. What began as a 12-stock index that primarily contained industrial companies has transformed into a 30-component index comprised of time-tested, multinational businesses that have consistently delivered for investors over the long run.
While most Dow Jones stocks aren’t going to rival the growth potential seen from innovative juggernauts like Nvidia and Broadcom, many are well-positioned to make their shareholders richer over time. As we turn the page to the second half of 2024, three magnificent businesses among the Dow’s 30 components stand out as no-brainer buys.
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