The bull market continues to plow along, and the Dow Jones recently crossed above the psychological 22,000 mark for the first time in its history. It has been a remarkable year for the Dow, which is currently up 12.1% year to date.
With the Dow Jones climbing to record highs, it is not surprising that many names in the group of 30 stocks have also risen to either record highs, or 52-week highs. Whenever the markets hit new highs, investors start to worry about stocks being in overbought territory, and while some stocks do appear to have topped out, there are still plenty of high-quality stocks out there with plenty of additional upside potential.
What analysts are really paying attention to at this point is growth. For stocks to build on their recent gains they are going to have to give traders the growth that they are after, which is why it is more important than ever to pay attention to stocks’ future earnings growth estimates since this will be the primary driver of stock prices moving forward from this point.
If you are looking for some stocks in the Dow Jones to put some money to work in, you may want to consider the following five stocks. Each of the following stocks have upbeat growth estimates, and all have average price targets that suggest the stock remain undervalued.
As always you will want to do your own homework, but at first glance each of the following five Dow Jones stocks appear to have significant upside potential.