Some Dow stocks performed poorly in August, including Intel and Chevron, while Amazon remains strong.

From Nasdaq: 2024-09-04 05:50:00

In August, the Dow Jones Industrial Average rose by 1.8%, performing very well with an 8.5% increase year to date. However, Intel (NASDAQ: INTC) saw a significant drop of 28%, marking them as the worst-performing Dow stock last month, amidst declining revenue and earnings. Chevron (NYSE: CVX) also took a hit, sliding 7.8% in August due to below-expected earnings and concerns over a pending acquisition.

Amazon (NASDAQ: AMZN) experienced a 4.5% decrease in August, positioning them as the third-worst Dow performer. The decline was attributed to missing revenue estimates and lower Q3 guidance. Despite short-term issues, Amazon remains strong with potential in cloud services and continued market expansion. CEO Andy Jassy announced plans to launch satellite shipments, hinting at future growth opportunities.

Investors looking for turnaround opportunities may consider Intel stock, although caution is advised due to stiff competition and market dynamics. Chevron presents a good income opportunity for investors, with a 4.4% forward dividend yield and a history of dividend increases over 37 years. Amazon remains a strong long-term investment, given its leadership in cloud services and continuous market expansion efforts.



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