Yesterday, as the Dow Jones Industrial Average hit a record high of 20,000, Gillian Tan pointed out in an article on Bloomberg this point of interest: About 20% of the Dow’s rise since the US presidential election has been from one stock: Goldman Sachs (NYSE: GS), whose shares are up 30% since the US presidential election.
However, since Jan. 1, 2017, the front-runners in the Dow, which is made up of just 30 stocks, have changed. Below are the 5 biggest winners year-to-date vs. the 5 biggest winners since the election. Common ground is that these are all global companies, With investments and operations worldwide, they have much at stake as US trade policy is renegotiated.
DOW’S 5 BIGGEST WINNERS
|Since US Presidential Election||Since January 1, 2017*|
|Goldman Sachs: +30.1%||Boeing: +8.1%|
|JP Morgan: +22.6%||IBM: +7.3%|
|Boeing: +17.4%||Visa: +7.0%|
|Caterpillar: +17.0%||Dupont: +6.1%|
|Disney: +14.7%||Nike: +5.7%|