3 Worst Performing Dow Jones Stocks In 2020

The stock market has done well for most investors this year despite the coronavirus pandemic. The Dow Jones Industrial Average (DJI) is up ~5.7% year-to-date (as of December 20, 2020). The tech-heavy S&P 500 (SPX) is up ~17.5% as of the same date and the Nasdaq 100 is up a whopping 46.6%. Compared to last year this is a mixed bag. The Dow 30 and S&P 500 did not perform as well as in 2019, but the Nasdaq 100 had a solid year driven by mega-cap tech stocks. Many of these stocks seemingly defied gravity and benefitted from the COVID-19 pandemic. A robust IPO market also helped the Nasdaq this year. Everyone always likes to talk about the winners, but it is also instructive to take a look at the losers for the year. In some cases, these stocks are facing temporary difficulties and may be a good value. In this article, I discuss the three worst-performing stocks in the Dow Jones to date in 2020.

3 Worst Performing Dow Jones Stocks In 2020

Dow Jones Industrial Average Changed This Year

The Dow 30 changed this year due to Apple’s 4-for-1 split. The new components were Salesforce (CRM), Honeywell International (HON), and Amgen (AMGN). The three stocks that were removed from the list were Exxon Mobil (XOM), Pfizer (PFE), and Raytheon Technologies (RTX). The changes went into effect before the market opened on Monday, August 31st. Note that Exxon Mobil and Pfizer were also on the Dogs of the Dow 2020 list.

3 Worst Performing Dow Jones Stocks in 2020

So, after accounting for these changes the three worst-performing Dow Jones Stocks in 2020 were: Boeing (BA) at -31.6%, Walgreens Boots Alliance (WBA) at -29.2%, and Chevron (CVX) at -25.3% as of this writing based on my watch list in StockRover*. If Exxon Mobil was still in the Dow 30 it would be on the list instead of Chevron with a -35.5% return.

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Source: StockRover*

Boeing does not currently pay a dividend due to the impact of COVID-19 and the 737 MAX issues. Walgreens Boots has the distinction of being one of the three worst Dow 30 performers for two years in a row. Chevron’s top and bottom lines have been impacted by low oil prices caused by depressed demand. All three stocks are dividend growth stocks or at least income stocks at one point in the case of Boeing making them of interest for most of my readers. I summarize the challenges each one had in 2020 as well as the positives as the basis for further research.

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