Title: Dow Jones Dividend Stocks Near 52-Week Lows: Apple, Nike, and UnitedHealth Worth Buying Now
Despite recent market turbulence, the stock market has seen overall positive performance this year. However, the Dow Jones Industrial Average is lagging behind the Nasdaq Composite and the S&P 500. Some big names within the Dow, including Apple, Nike, and UnitedHealth, are near their 52-week lows. Here’s why these dividend stocks are down and why they could be worth buying now.
Apple, a sector leader, has surprisingly underperformed this year. Concerns about the company’s lack of growth, declining sales in China, and legal issues have weighed on the stock. However, with a relatively low P/E ratio and strong cash flow for buybacks and dividends, Apple remains an attractive investment opportunity for value investors.
Nike, on the other hand, experienced a temporary earnings spike during the pandemic, leading to inflated stock prices. As growth slowed down, the stock retraced, offering investors a chance to buy at a more reasonable price. With a growing dividend and a lower P/E ratio compared to the S&P 500, Nike presents a compelling opportunity for patient investors.
UnitedHealth, a healthcare sector stalwart, faced challenges with lower payment rate increases and a cyberattack. Despite short-term setbacks, UnitedHealth’s role in the healthcare sector is crucial, making it a solid investment for those looking for stability and moderate growth. With a strong dividend growth history and a relatively low P/E ratio, UnitedHealth is a value pick in the healthcare sector.
While these Dow stocks may be near their lows, their strong fundamentals and potential for growth make them attractive options for investors looking to capitalize on the current market conditions. Consider these dividend stocks for a balanced and diversified portfolio.
Source: The Motley Fool
