3 Dow Jones Dividend Stocks That Are Within 6% of Their 52-Week Lows to Buy Now

Even with recent market turbulence, it has been an overall good year in the stock market. But the Dow Jones Industrial Average is only up 2.4% year to date (YTD) — lagging behind the Nasdaq Composite‘s nearly 7% YTD return and the S&P 500‘s nearly 8% gain.

The Dow Jones contains many industry-leading blue chip companies. However, there are plenty of Dow stocks that are down this year, and some particularly big names that are within 6% of their 52-week lows — including Apple (NASDAQ: AAPL), Nike (NYSE: NKE), and UnitedHealth (NYSE: UNH). Here’s why all three dividend stocks are down, but why they could be worth buying now.

Image source: Getty Images.

From sector leader to sector underperformer

Apple is arguably the most surprising stock on this list. It makes up over 7% of the Nasdaq Composite. And despite Apple weighing down the index, the Nasdaq Composite hit an all-time high on March 21 and is still up big on the year. Investors have been used to Apple leading the market, not lagging behind it.

The underperformance is even more drastic when looking at the technology sector. Apple makes up 19.2% of the Technology Select Sector SPDR Fund, an exchange-traded fund that mirrors the performance of the tech sector. Yet, the stock is about flat over the last year, while the sector is up over 35%.

^IXT Chart

It would be one thing if Apple were simply part of a broader Nasdaq and tech sector sell-off. But any time you see an industry leader move in the opposite direction of its peer group, that’s usually a sign that investors have specific concerns about a company.

For Apple, the concerns are mostly justified. The growth just isn’t there. Sales in Apple’s second most important market — China — are declining. Apple’s lack of artificial intelligence (AI) monetization, and frankly innovation in general, is a bad look compared to other big tech stocks like Microsoft and Nvidia that are leveraging AI as a coiled spring for multi-decade growth.

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Apple looks out of step, so it’s hard to fault investors for hitting the sell button. To make matters worse, the…

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