5 Worst Performing Stocks Of Dow ETF Last Week

The Wall Street has been on a tumultuous ride since the start of the fourth quarter with the rout intensifying last week. This is especially true as Dow Jones suffered its worst week since the global financial crisis of 2008, tumbling about 7%.

The sell-off was triggered by the less-than-expected dovish view of the Fed in the latest FOMC meeting and fears of an extended government shutdown. Other factors including U.S.-China trade tensions, Brexit woes, and global slowdown concerns are also weighing on stocks.

Given this, SPDR Dow Jones Industrial Average ETF (DIA - Free Report), tracking the Dow Jones Index, has shed 7.2% over the past week. Let’s take a closer look at the fundamentals of DIA and its performance.

DIA in Focus

This is one of the largest and most popular ETFs in the large-cap space with AUM of $18.6 billion and average daily volume of 4.8 million shares. Holding 30 blue chip stocks, the fund is widely spread across components with each holding less than 9.3% share. Industrials (21.7%), information technology (17.5%), healthcare (14.4%), financials (14.2%), and consumer discretionary (12%) are the top five sectors. DIA charges 17 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.   

Though most of the stocks saw a wild ride, a few primarily dragged down the fund in the last five days. Below, we have highlighted those five worst-performing stocks in the ETF with their respective positions in the fund’s basket:

Worst Stocks of DIA Last Week

Walgreens Boots Alliance (WBA - Free Report): The stock plummeted about 14.6% last week. It saw no earnings estimate revisions last week for the fiscal year (ending August 2019) and has an expected growth rate of 8.47%. Walgreens Boots currently has a Zacks Rank #3 (Hold) and a VGM Score of C. The stock falls under a top-ranked Zacks industry (top 37%) and makes up for 2.1% share in DIA.

American Express Company (AXP - Free Report): The stock plunged 13.5% last week and accounts for 2.8% share in the fund’s basket. It saw no earnings estimate revisions last week for this year and has an expected growth rate of 25.72%. AXP has a Zacks Rank #2 (Buy) and a VGM Score of A. It belongs to a top-ranked Zacks industry (top 35%).

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