The year 2024 was a remarkable one for the Dow Jones Industrial Average, with many stocks experiencing significant growth. However, there were some notable outliers that stood out from the rest. In this article, we will take a closer look at the top-performing Dow Jones stocks of 2024 and explore what drove their success.

The Year in Review: A Look Back at the Dow Jones Performance

In 2024, the Dow Jones Industrial Average rose by over 13%, outperforming the S&P 500, which increased by a respectable 23%. While some stocks performed better than others, there were several standout performers that caught investors’ attention.

The Top-Performing Dow Jones Stocks of 2024

1. Nvidia (Up 171%)

Nvidia’s remarkable performance in 2024 was driven by its consistent ability to surpass analysts’ expectations when reporting quarterly financial results. The company’s continued growth in the artificial intelligence (AI) sector also contributed to its success.

  • With the increasing demand for AI and machine learning capabilities, Nvidia’s GPU-powered solutions have become an essential tool for many industries.
  • As a result, investors are eagerly looking forward to seeing how the company will continue to innovate and grow in this space.

2. Walmart (Up 72%)

Walmart’s e-commerce business has been a key driver of its success in recent years. In 2024, the company reported impressive comparable sales growth of 22% for U.S. businesses and 43% for international businesses.

  • The company’s focus on expanding its online presence has allowed it to better compete with other retailers in the market.
  • Investors are optimistic about Walmart’s ability to continue growing and adapting to changing consumer preferences.

3. American Express (Up 58%)

American Express is a financial stalwart that has been a key holding in Warren Buffett’s Berkshire Hathaway portfolio for many years. Despite some challenges in the industry, American Express has continued to provide investors with reasons to buy.

  • The company’s focus on loyalty and rewards programs has helped it maintain a strong customer base.
  • Investors are looking forward to seeing how American Express will continue to innovate and grow in this space.

4. Goldman Sachs (Up 48%)

Goldman Sachs is another financial institution that has been a key performer in the Dow Jones Industrial Average. The company’s consistent year-over-year earnings-per-share growth has made it an attractive investment option for many investors.

  • Investors are optimistic about Goldman Sachs’ ability to continue growing and adapting to changing market conditions.
  • As the company continues to innovate and expand its services, investors are looking forward to seeing what the future holds.

5. Amazon (Up 44%)

Amazon’s performance in 2024 was driven by its prominent position in the AI sector as well as its commanding e-commerce presence. While the company did not quite match its 167% gain from 2023, it still experienced notable growth.

  • Investors are looking forward to seeing how Amazon will continue to innovate and grow in this space.
  • With its focus on emerging technologies like AI and machine learning, Amazon is poised for continued success.

Should You Invest in These Top-Performing Stocks?

While the top-performing Dow Jones stocks of 2024 are certainly worthy of consideration, potential investors should perform their due diligence to ensure that these stocks match their individual investing goals.