Over the past month, we've witnessed an extremely rare divergence between the technology-dependent Nasdaq Composite and the iconic Dow Jones Industrial Average(DJINDICES:^DJI). Whereas the Nasdaq Composite has dipped into official correction territory (down 10.5%, as of March 8), the Dow Jones pressed to a new intraday all-time high on Tuesday, March 9. It's the widest divergence we've seen between these two indexes in 28 years. 

What might come as even more of a surprise to investors is that, despite hitting an all-time high earlier this week, the Dow Jones Industrial Average is still home to a number of perceived bargains. Based on Wall Street's 12-month consensus price targets, there are currently four Dow stocks that offer upside ranging between 24% and 31%. That's huge when we're talking about predominantly large or megacap multinational companies.

More in category

These stocks could emerge as big winners from retail’s new frontier — your home
April 21, 2021CNBC
These stocks could emerge as big winners from retail’s new frontier — your home
U.S. vaccination pace holds above 3 million shots per day for two weeks straight
April 21, 2021CNBC
U.S. vaccination pace holds above 3 million shots per day for two weeks straight
Columbus, Ohio police shoot and kill teenage girl waving a knife
April 21, 2021MarketWatch
Columbus, Ohio police shoot and kill teenage girl waving a knife
The Fed won’t taper its asset buying till 2023, says former White House economist. Here’s why.
April 21, 2021MarketWatch
The Fed won’t taper its asset buying till 2023, says former White House economist. Here’s why.
European stocks rebound from worst losses in four months, led by chipmaker ASML
April 21, 2021MarketWatch
European stocks rebound from worst losses in four months, led by chipmaker ASML
UiPath IPO: 5 things to know about the ‘software robots’ company valued at nearly $30 billion
April 20, 2021MarketWatch
UiPath IPO: 5 things to know about the ‘software robots’ company valued at nearly $30 billion
Stock-market sentiment shifts after investor euphoria pushed U.S. equities to record highs
April 20, 2021MarketWatch
Stock-market sentiment shifts after investor euphoria pushed U.S. equities to record highs
Floyd family attorney Ben Crump says Derek Chauvin’s murder conviction is ‘painfully earned justice’ — here’s what gave him hope months earlier
April 20, 2021MarketWatch
Floyd family attorney Ben Crump says Derek Chauvin’s murder conviction is ‘painfully earned justice’ — here’s what gave him hope months earlier
Get ready for the ‘reflation and reopening trade’ to kick into high gear, says JPMorgan’s top quant
April 20, 2021MarketWatch
Get ready for the ‘reflation and reopening trade’ to kick into high gear, says JPMorgan’s top quant
Netflix predicts worst quarter for streaming growth in its history, stock falls 9%
April 20, 2021MarketWatch
Netflix predicts worst quarter for streaming growth in its history, stock falls 9%
Opinion: High-momentum stocks have been losing steam and this could be signaling a market top
April 20, 2021MarketWatch
Opinion: High-momentum stocks have been losing steam and this could be signaling a market top
3 Unstoppable Growth Stocks You Can Hold for Decades
April 21, 2021The Motley Fool
3 Unstoppable Growth Stocks You Can Hold for Decades
3 Stocks That Offer Explosive Potential Gains
April 21, 2021The Motley Fool
3 Stocks That Offer Explosive Potential Gains
Median home price in Boston-area hits record of nearly $725K
April 21, 2021FOX Business
Median home price in Boston-area hits record of nearly $725K
Mortgage rates at 2-month lows entice borrowers
April 21, 2021FOX Business
Mortgage rates at 2-month lows entice borrowers
Overstock CEO says Coinbase, Robinhood are in its crosshairs as it builds out rival crypto trading venue
April 20, 2021MarketWatch
Overstock CEO says Coinbase, Robinhood are in its crosshairs as it builds out rival crypto trading venue
Ted Nugent tests positive for COVID-19: ‘I thought I was dying’
April 20, 2021MarketWatch
Ted Nugent tests positive for COVID-19: ‘I thought I was dying’
3 Cheap Cathie Wood Stocks to Buy Right Now
April 21, 2021The Motley Fool
3 Cheap Cathie Wood Stocks to Buy Right Now
Elon Musk’s Tesla Autopilot and safety claims not iron clad
April 20, 2021FOX Business
Elon Musk’s Tesla Autopilot and safety claims not iron clad
Maxiumus to acquire parent of Veterans Evaluation Services for $1.4 billion
April 21, 2021MarketWatch
Maxiumus to acquire parent of Veterans Evaluation Services for $1.4 billion
These 3 dividend ETFs are a retiree's best friend
April 21, 2021FOX Business
These 3 dividend ETFs are a retiree's best friend