Can You Still Buy the Dow Jones’ Best-Performing May Stocks? – Nasdaq
After leading the three major indexes last year, the Dow Jones Industrial Average has been a laggard in 2023. It’s nearly flat this year while the Nasdaq has surged.
However, not every stock in the Dow is underperforming. Let’s take a look at the three best performers in the blue chip index last month to see if any of them are worth buying today.
1. Salesforce (up 12.6%)
In a month where tech stocks soared with the help of a blowout report from AI chip king Nvidia, it shouldn’t be a surprise that a tech stock is leading the pack. In fact, the five top performers on the Dow last month were all tech stocks, but Salesforce (NYSE: CRM) was the clear leader.
Oddly, there was no major news out on Salesforce during the month. Instead, the stock seemed to gain on general enthusiasm for AI stocks as investors bid up shares of companies connected to AI, which include Salesforce.
The cloud stock launched Einstein GPT in March, which it calls the first generative AI for customer relationship…
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source: https://news.oneseocompany.com/2023/06/05/can-you-still-buy-the-dow-jones-best-performing-may-stocks-nasdaq_2023060545659.html
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