Stocks Rebound in 2023 after Rough 2022; Top Dow Components See Earnings Momentum
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U.S. stock markets have rallied in 2023 after a terrible 2022, with the Dow suffering the least compared to the S&P 500 and Nasdaq.
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Cooling economic data and reduced Fed interest rate hikes have enabled a rebound, especially for growth stocks and the Nasdaq.
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The Dow is up less in 2023 so far at 5.9%, while the Nasdaq has jumped 35.7%, but some Dow components still look strong.
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Intel, Procter & Gamble, 3M, Salesforce, and Microsoft are 5 Dow blue chips with positive earnings revisions last 30 days.
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These stocks are ranked Zacks #1 or #2, with strong expected revenue and earnings growth next year per Zacks data.