From Nasdaq: 2024-05-03 04:41:00

The Dow Jones Industrial Average has been a key indicator of Wall Street’s health for over a century. Despite recent retracement, many Dow stocks present opportunities for long-term investors in the bullish market. Chevron, with global energy demand surging, steady growth factors, and well-managed balance sheet, stands out as a top buy for May.

Amazon, added to the Dow recently, offers investors a diverse revenue stream from AWS, subscription services, and advertising. With Prime surpassing 200 million global subscribers and strong e-commerce presence, Amazon remains a cash flow powerhouse. Investing in Amazon at a 12 times cash flow multiple for 2025 estimates presents an appealing opportunity.

Intel, despite challenges in the semiconductor market, is showing promise with dominant CPU market share, AI innovation, and Foundry Services growth potential. As CPU demand grows and Foundry Services segment develops, Intel’s anticipated quadrupling of EPS by 2027 makes it a compelling buy for long-term investors in May.



Read more at Nasdaq: 3 Dow Stocks That Are No-Brainer Buys in May