The Dow Index reached a historic milestone, crossing 50,000 for the first time. It closed at 50,115.67 on Feb. 6 and hit a new high of 50,135.87 on Feb. 9. Dow’s momentum is expected to continue as market participants shift from tech to cyclical sectors. Buy five blue-chip stocks with favorable Zacks Rank #2.
Apple Inc. continues to see strong growth in iPhone and Services revenues, with over 1 billion paid subscribers and 2.5 billion active devices. The company expects net sales to grow 13-16% in the March quarter. Apple’s collaboration with Google and the success of Apple Intelligence are boosting its prospects.
NVIDIA Corp., a leader in AI-powered GPUs, is experiencing strong growth in AI and computing. Revenue is expected to grow at a CAGR of 40.7% through 2028. NVIDIA plans to launch new chips in 2027 and 2028, supported by a bullish demand scenario and expected AI infrastructure spending.
The Goldman Sachs Group benefits from revenue growth in banking and asset management. GS is focusing on core strengths and divesting non-core assets. Revenue and earnings growth rates are 8.6% and 10.3%, respectively, for the current year. GS has a dividend yield of 1.72%.
Salesforce Inc. is thriving in the digital transformation era, with strong demand and product alignment. The Slack acquisition has enhanced its enterprise collaboration offerings. CRM’s generative AI expansion and growth in international markets are key drivers. Revenue and earnings growth rates are 10.9% and 10.5%, respectively, for the current year.
Walmart Inc. excels in omnichannel performance with strong e-commerce growth and market share gains. WMT’s revenue and earnings growth rates are 4.5% and 11.7%, respectively, for the current year. Its omnichannel strategy and focus on higher-margin businesses are driving sustained growth. Management raised its fiscal 2026 view.
Read more at Nasdaq: 5 Blue-Chip Stocks to Buy as Dow Hits a New Milestone
