Dow's New All-Time-High: DIA Outperforms SPY In November — This Component Stock Is Up Over 90% YTD
Portfolio Pulse from Surbhi Jain
The Dow Jones Industrial Average hit a new all-time high on Dec. 1, with the SPDR Dow Jones Industrial Average ETF (DIA) up 9.6% YTD. Salesforce (CRM) led the DJIA components with a 92.32% YTD increase, followed by gains in Intel (INTC), Microsoft (MSFT), Apple (AAPL), and Visa (V). Over the past month, DIA outperformed the SPDR S&P 500 ETF (SPY), with DIA up 9.10% compared to SPY's 8.60%. Salesforce's recent stellar results and AI partnership with Amazon have been key growth drivers.
December 04, 2023 | 3:25 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) has been outperformed by DIA in the short term, with SPY up 1.01% over the past 5 days compared to DIA's 2.70%.
SPY's recent underperformance compared to DIA could lead to a short-term negative sentiment among investors, potentially impacting its price negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Apple Inc (AAPL) has seen a 46.79% increase in its stock price YTD, contributing to the Dow's new high.
Apple's significant YTD performance is a strong contributor to the Dow's success, likely to maintain positive investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Salesforce (CRM) stock is up over 90% YTD, significantly contributing to the Dow's performance, with a recent surge due to strong earnings and a transformative AI partnership with Amazon.
Salesforce's exceptional YTD performance and recent strong earnings report, coupled with strategic partnerships, are likely to continue driving positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
The SPDR Dow Jones Industrial Average ETF (DIA) reflects the performance of the Dow, which hit a new all-time high, with DIA up 9.6% YTD and outperforming SPY in the short term.
The new all-time high of the Dow Jones Industrial Average is a direct reflection of DIA's performance, likely leading to increased investor confidence and potential inflows into the ETF.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Intel Corp (INTC) has seen a 61.73% increase in stock price YTD, contributing to the Dow's overall growth.
Intel's significant YTD performance is a positive indicator for the stock, likely to attract investor attention and potentially drive short-term price momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft Corp (MSFT) has contributed to the Dow's rise with a 54.07% increase in its stock price YTD.
Microsoft's strong YTD performance is likely to continue to be a positive factor for the stock, supporting its short-term price stability or growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Visa Inc (V) stock is up 22.54% YTD, supporting the upward trajectory of the Dow.
Visa's YTD performance, while not as high as other components, still plays a role in the Dow's performance and may continue to have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70