4 Stocks to Add to Your Portfolio as Dow Hits All-Time Closing High

Market Overview - Investor sentiment improved as the government shutdown appears to be ending, with the House of Representatives preparing to pass the Senate's spending bill [1][5] - The Dow closed at an all-time high of 48,254.82 points, marking its 17th record closing high of the year, driven by optimism surrounding the government shutdown resolution [2][4] Economic Indicators - Investors have been deprived of key economic data during the 43-day government shutdown, impacting their ability to assess the economy [5][6] - Once the government reopens, clearer insights into the labor market and inflation data for September and October will be available, which are crucial for evaluating the Federal Reserve's future rate cut path [6] Federal Reserve Outlook - Market participants are hopeful for a 25 basis point rate cut in December, with a 55.9% probability priced in according to the CME FedWatch Tool [7] Stock Recommendations - Four blue-chip stocks are highlighted for potential gains: Amazon.com, Inc. (AMZN), NVIDIA Corporation (NVDA), JPMorgan Chase & Co. (JPM), and 3M Company (MMM) [2][9] - Each of these companies has shown earnings estimate improvements over the last 60 days, indicating growth momentum [9] Company Profiles Amazon.com, Inc. (AMZN) - A leading e-commerce provider with a strong online retail business supported by its Prime program and a vast distribution network [10] - Expected earnings growth rate of 29.3% for the current year, with a Zacks Consensus Estimate improvement of 4.7% over the last 60 days [10] NVIDIA Corporation (NVDA) - A leader in visual computing technologies, focusing on AI-based solutions for high-performance computing and gaming [11] - Expected earnings growth rate of 49.2% for the current year, with a slight improvement of 0.2% in the Zacks Consensus Estimate [12] JPMorgan Chase & Co. (JPM) - One of the largest global banks with assets of $4.09 trillion and stockholders' equity of $336.6 billion as of March 31, 2024 [13] - Expected earnings growth rate of 2.1% for the current year, with a 2.8% improvement in the Zacks Consensus Estimate [13] 3M Company (MMM) - A diversified technology firm with global manufacturing operations serving a wide customer base [14] - Expected earnings growth rate of 10.1% for the current year, with a 1.4% improvement in the Zacks Consensus Estimate [14]