Nike and McDonald's Are the Worst-Performing Dow Stocks This Year. Here's the 1 to Buy in October.
The brands share a similar association as titans of American export culture, and the two stocks are struggling now.
Overview
It's been a rough year for Dow Jones Industrial Average (DJINDICES: ^DJI) consumer stocks.
Through Sept. 24, the blue chip index is up 7% this year, but Nike (NYSE: NKE) and McDonald's (NYSE: MCD) are two of the three worst performers this year. Nike is down 44%, while McDonald's is off 22%. IBM, the second-worst performer, is down 23%.
Details
Though they compete in different industries, Nike and McDonald's have a lot of similarities as stocks. Both companies are generations old and represent two of the most successful, global American brands.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.