10 Best Dow Stocks to Buy According to Wall Street Analysts

Market Overview - On October 24, US stocks reached record highs due to positive investor sentiment following inflation data showing slower price increases than expected, raising hopes for continued interest rate cuts by the Federal Reserve [1] - The consumer price index (CPI) for September increased by 0.3% month-over-month, resulting in an annual inflation rate of 3%, slightly below economists' expectations of 0.4% and 3.1% respectively [2] - Core CPI, excluding food and energy, rose by 0.2% for September and 3% year-over-year, also below Dow Jones estimates [3] - Major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, closed at record levels, with the Dow gaining 17.35% over the past six months [4] Company Insights - The Sherwin-Williams Company (NYSE:SHW) is highlighted as one of the best Dow stocks to buy, with an average price target upside potential of 15.23% and 67 hedge fund holders [10] - Wells Fargo reduced its price target for The Sherwin-Williams Company from $400 to $395 while maintaining an Overweight rating, citing ongoing challenges but a positive long-term outlook [11] - NVIDIA Corporation (NASDAQ:NVDA) is also noted as a top Dow stock, with an average price target upside potential of 15.46% and 235 hedge fund holders [13] - NVIDIA is collaborating with Google Cloud to enhance access to accelerated computing, aiming to support enterprise AI and industrial digitization [14][15]