Dow Jones Stocks: Boeing and Chevron Lead Growth, While Home Depot Lags
The Dow Jones index comprises 30 influential companies in the market, but even blue-chip stocks can struggle. Two Dow Jones stocks positioned for long-term growth are Boeing and Chevron.
Boeing (NYSE:BA) is a leading manufacturer of commercial aircraft, defense products, and space systems. Its unit sales averaged 60.4% growth over the past two years, indicating healthy demand for its products. Estimated revenue growth of 12.3% for the next 12 months suggests that this momentum will continue.
Chevron (NYSE:CVX) explores for, produces, and transports crude oil and natural gas, then refines it into gasoline, diesel, and other petroleum products. The company's annual revenue growth of 6.3% over the past ten years is outstanding, reflecting market share gains this cycle.
On the other hand, Home Depot (NYSE:HD) may not be as exciting. Its large revenue base makes it harder to increase sales quickly, and its annual revenue growth of 2.3% over the last three years was below the standards for the consumer retail sector. Additionally, poor same-store sales performance over the past two years indicates that Home Depot is having trouble bringing new shoppers into its brick-and-mortar locations.