FYI: Earnings season has not been kind to blue-chip Dow Jones Industrial Average stocks. Below is our trading range screen for the 30 index members, in which we also include each stock's year-to-date change and its current dividend yield. The average stock in the Dow is currently down nearly 4% year-to-date, but names like American Express (AXP), Caterpillar (CAT), Goldman Sachs (GS), JP Morgan (JPM) and Microsoft (MSFT) are already down more than 10% after experiencing big declines on earnings. As shown, 18 of the 30 Dow members are currently in oversold territory, with Intel (INTC), Microsoft (MSFT) and Procter & Gamble (PG) at the most extreme levels. Boeing (BA) is the only stock that has really experienced upside momentum over the last week.
24 of the 30 Dow stocks currently have a higher dividend yield than the 1.72% that the 10-Year Treasury Note is yielding. Key Tech stocks in the index like Cisco (CSCO), Intel (INTC), Microsoft (MSFT) and IBM are all yielding at or close to 3% right now. After steep drops for a lot of these largecap names to start the year, these dividends are looking more and more enticing compared to a "risk-free" rate of 1.72%
Regards,
Ted
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