Walgreens, Chevron, and Johnson & Johnson Are Worst Performing Dow Stocks So Far in 2023
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The 3 worst performing Dow stocks in 2023 are Walgreens (-23.7%), Chevron (-11.5%), and Johnson & Johnson (-9%).
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Reasons for underperformance include falling oil prices (CVX), growth stocks outperforming value stocks, and company-specific issues.
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Walgreens is struggling with profitability while pursuing growth initiatives. Its dividend may be at risk.
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Chevron is acquiring Hess Corp; political uncertainties surround the deal.
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J&J had a volatile year but its dividend looks safe. Medicare price negotiations are a risk factor.