The Dow Jones Industrial Average wrapped up its best performance in August since the 1980s amidst hope for vaccines and treatments for Covid-19.
Here are the best stocks in the Dow Jones Industrial Average for August by their performance in percentage change at the close of trading on Aug. 31.
1. Salesforce.com CRM | Increased +39.47%
Software giant Salesforce (CRM) - Get salesforce.com, inc. Report reported a 29% increase in revenue to $5.15 billion last week when it reported its earnings. Shares of Salesforce surged after its excellent report. The San Francisco-based company plans to cut 1,000 jobs, Bloomberg reported the day after the company posted its strong quarterly performance.
2. Apple AAPL | Increased +22.48%
On Monday, Apple’s stock began trading at its new split-adjusted price of $124.81 and traded higher following the opening bell. Apple (AAPL) - Get Apple Inc. (AAPL) Report announced its 4 for 1 stock split as part of its third-quarter results ended June 27, 2020, and said that the move would “make the stock more accessible to a broader base of investors.” Jim Cramer warned investors that they shouldn't buy Apple shares prior to the stock split. On August 19 the company crossed $2 trillion in market value.
3. Nike NKE | Increased +15.03%
In June, Nike’s global revenues for the fiscal fourth quarter plummeted 38% to $6.3 billion as Nike (NKE) - Get NIKE, Inc. (NKE) Report swung to a loss of $790 million from a profit of $989 million a year ago. In July, Nike announced job cuts worth $200 -$250 million in a bid to focus on its digital business.
4. Walt Disney DIS | Increased +12.19%
Disney (DIS) - Get Walt Disney Company Report reported a quarterly loss of $4.72 billion in August as the media and entertainment giant suffered due to the global pandemic. But the company strengthened its streaming business and counted 100 million subscribers across Disney+, Hulu and ESPN+.
5. Visa V | Increased +11.52%
Global payment firm Visa Inc. (V) - Get Visa Inc. Class A Report reported a 17% drop in revenue to $4.8 billion in the June quarter. Credit-card payments volume dropped 20%. Debit-card payments volume rose by 3%.
6. Honeywell HON | Increased +11.01%
Last month, Honeywell (HON) - Get Honeywell International Inc. (HON) Report reported a 19.1% drop in group revenues to $7.47 billion due to a slump in aerospace sales led by weak demand for commercial aircraft. The group that provides software solutions in the aerospace and automotive sector added that third-quarter aerospace sales are likely to fall further by 25% when compared to last year. Cramer said Honeywell could be one of the best stocks to own when the U.S. recovers from the coronavirus pandemic.
7. Microsoft MSFT | Increased + 10.26%
Software giant Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report reported a 13% increase in its sales to $38 billion at the end of the June quarter. Microsoft has continued its bid to buy Tiktok's U.S. operations from its Chinese parent, Bytedance. Cramer says TikTok would help Microsoft challenge Facebook. Last week, Walmart said it will partner with Microsoft to offer a joint bid for Tiktok's U.S. operations. A new rule from the Ministry of Commerce in Beijing announced on Friday could jeopardize this deal.
8. McDonald's MCD | Increased +10.23%
McDonald's (MCD) - Get McDonald's Corporation (MCD) Report reported a 30% drop in sales for the April to June quarter. On August 10, McDonald’s made public allegations that its former chief executive, Steve Easterbrook, lied about sexual relationships with colleagues, and filed a lawsuit against him to demand his estimated $40 million compensation package back.
Apple, Honeywell, Microsoft, Disney, and Salesforce are key holdings in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.
All stock prices and activity referenced are pulled from Barchart.com