Overview of Dow Jones Industrial Average index
Commonly known as Dow Jones or Dow stock, The Dow Jones Industrial Average index is an index of 30 major US company. Charles Dow first created it. Dow stock shows Price-Weighted Index.
Price-Weighted Index means that the stock with higher price has more influence on the stock. It does not consider the market value as its parameter for calculating the index. To calculate the index value, Dow uses a divisor-based methodology.
Here is the list of top 5 accomplishing stocks of the Dow Jones Industrial Average index during the year 2018.
Top 5 accomplishing stocks of the Dow:
Merck & Co., Inc. (MRK)
Merck & Co., Inc. (MRK) is a multinational pharmaceutical company based in America. It has its remarks not only in America but also in the world, as one of the largest pharmaceutical company in the world. They provide healthcare solutions all around the world. Merck stock increased by around 34% annual returns in 2018.
Market Capitalization: $195.63 billion
Price Change: +$19.01
Performance in the year 2018: +34%
Microsoft Corp. (MSFT)
Microsoft Corporation is a company headquartered in Redmond, Washington is a multinational technology company. With a bumpy ride till March, Microsoft Corporation has shown tremendous growth on earnings and revenue. The company has maintained its speed for the next quarter, which resulted in a 19% hike in the revenue. They remain active in the market.
Market Capitalization: $789.94 billion
Price Change: +$16.94
Performance in the year 2018: +19.75%
Pfizer Inc. (PFE)
Pfizer Inc. is headquartered in New York City. It is a multinational pharmaceutical corporation which is research-based. The global range of products includes vaccines and medicines, along with consumer healthcare products. Two of the products of Pfizer Inc. has made it possible for it to be in the list of top 5stocks of Dow. Anti-inflammation tablet Xeljanz and cancer drug Ibrance; the sales of these two increased by 34% and 24% respectively in the first four months of 2018. As a result, the stock price got uplifted.
Market Capitalization: $250.04 billion
Price Change: +$6.67
Performance in the year 2018: +18.03%
UnitedHealth Group Inc. (UNH)
UnitedHealth Group Inc. is a health care company located in Minnetonka. They offer insurance services and health care products. It has given continuously unexpected revenue and earnings in the year 2018. The 17% annual return of the company has benefited the Nation, economy, and development structure.
Sector: Insurance and health-services
Market Capitalization: $248.27 billion
Price Change: +$36.91
Performance in the year 2018: +16.7%
Cisco Systems, Inc. (CSCO)
Cisco Systems, Inc. is a multinational technology company which has given an annual return of 14% and therefore stands at 5th position. Providing A- class networking services, the company dealing with the router and switching hardware did a remarkable job.
Market Capitalization: $198.72 billion
Price Change: CSCO gained $5.34
Performance in the year 2018: +13.75%