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6 Best Stocks in the Dow on Monday: Goldman Sachs Jumps

The top 6 best-performing stocks in the Dow Jones Industrial Average on Monday include Goldman Sachs, Nike and Microsoft.

Stocks were mixed Monday and pared losses after a new coronavirus strain in the U.K. prompted fresh lockdowns and travel restrictions and overshadowed the announcement that congressional leaders reached an agreement on a roughly $900 billion stimulus package.

Here are the best stocks in the Dow for Monday by their performance in percentage change during trading on Dec. 21. 

1. Goldman Sachs GS | Increased 6.34%

Banking stocks jumped Monday after the Federal Reserve granted lenders the ability to resume stock repurchases, beginning in the first quarter. Shares of Goldman Sachs  (GS) - Get Goldman Sachs Group, Inc. Report rose 6.80% on Monday during trading hours.

2. Nike NKE | Increased 4.90%

Shares of Nike  (NKE) - Get NIKE, Inc. Class B Report were rising Monday after the company posted fiscal second-quarter earnings that topped analysts' estimates, driven by surging online sales and 24% growth in China. 

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3. JPMorgan Chase JPM | Increased 4.17%

Banking stocks jumped Monday after the Federal Reserve granted lenders the ability to resume stock repurchases, beginning in the first quarter. Shares of JPMorgan Chase rose 4.32% during trading hours. 

4. Microsoft MSFT | Increased 1.79%

On Friday, software giant Microsoft  (MSFT) - Get Microsoft Corporation Report said it is working on making its own processors it will use in its servers that run the company’s cloud services. Morgan Stanley analyst Keith Weiss named Microsoft a top pick for next year and increased his price target on the stock to $260 from $249. He has an overweight rating on the stock.

5. Apple AAPL | Increased 0.52%

A report came out from Morgan Stanley that Apple's iPhone business is doing well in China. Jim Cramer thinks Tesla's inclusion in the S&P 500 could mean a buying opportunity for Apple  (AAPL) - Get Apple Inc. Report shares.

6. Home Depot HD | Decreased 0.04%

Last month, Home Depot  (HD) - Get Home Depot, Inc. Report posted stronger-than-expected third-quarter earnings while noting it plans to spend around $1 billion on bonuses and compensation increases for its frontline workers.

All stock prices and activity referenced are pulled from Barchart.com