Question: Which is the worst-performing Dow component since the start of the summer rally?
The Dow is up 44% from its intraday low hit on March 6, 2009 and up 14.6% since the start of the summer rally on July 11. Caterpillar leads the pack, up 54% since its close on July 10. Bank of America and American Express come in second and third up 40.4% and 39.3% respectively.
Clue: The components that have been below average include some of the consumer staples companies like Kraft Foods , Wal-Mart , and Coca-Cola up 9.8, 4.5% and 2.3% respectively since July 10.
Not "lovin’ it": Shareholders are likely not "lovin’" this company’s stock performance since the summer rally started on July 11.
Despite reporting stronger-than-expected same-store sales yesterday, McDonald’s is the worst-performing stock in the Dow since the current summer rally began nearly one month ago.
While the Dow has rallied ~15%, shares of the fast food giant have significantly underperformed, falling 1.4% during the period. In fact, other than McDonald’s, only one other Dow component, Procter & Gamble has declined during the summer rally, down -0.1%.
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