17.12.2024 10:08:00

Meet the Dow Jones' Top Performing Stock This Year. It's Climbed 2,300% Over the Past 5 Years, and Its Biggest Catalyst May Be Just Ahead.

The Dow Jones Industrial Average has soared this year, much like the other two major benchmarks, on investor optimism about an improving economy ahead. Investors counted on a lower interest rate environment, and they won their bet as the Federal Reserve began cutting rates this fall. Against this backdrop, growth stocks and big industrial players took off, and Dow Jones stocks from American Express to Caterpillar climbed in the double digits.But one stock in particular has advanced to the top of the Dow in terms of performance this year, and it just so happens to be a stock that recently joined the index. This player has climbed 2,300% over the past five years and is heading for a gain of about 170% this year. On top of this, the company's brightest days may not be in the past but may be just ahead and extend further down the road too. That's because its biggest catalyst is unfolding right now and could have significant impact on earnings in the quarters to come. Let's meet this top stock that might keep on winning.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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:be AG Inhaber-Akt 0,90 -14,29% :be AG Inhaber-Akt
Dow Inc 38,46 0,05% Dow Inc