It has been a crazy few days for investors. Sparking the recent selloff was China’s decision to devalue the yuan to below its key 7-to-1 ratio with the U.S. dollar for the first time in a decade. President Donald Trump described Monday’s devaluation as a “major violation.” China also announced its companies have paused purchases of U.S. agricultural goods.
In response, the Dow Jones Industrial Average posted its worst day of the year on Monday, closing down 767 points. Meanwhile the tech-heavy Nasdaq Composite index faced its longest losing streak since November 2016. And the S&P 500 has not fared much better — it’s currently down 6% following President Trump’s tariff threat last week.
Even though China has now revalued its currency higher, it still feels like a roller coaster out there. Nonetheless, there are still stocks that are worth snapping up now. Let’s not forget most stocks are still showing strong year-to-date gains. The Dow, for instance, is up over 12% year-to-date.
Here we looked for five of the Street’s highest-rated Dow Jones stocks right now. As you will see, all five of these stocks show a firm ‘Strong Buy’ Street consensus.
Highest-Rated Dow Stocks: Visa (V)
Despite the recent selloff, Visa (NYSE:V) is still surging 30% year-to-date. And according to the Street, plenty of further growth lies ahead. After all, the stock boasts 18 recent buy ratings, with only one analyst deciding to stay on the sidelines (for now).
“Visa remains one of our best ideas in the space given our belief that investors should look to long-term secular-driven stocks that should provide solid organic growth with opportunities for margin expansion” explains RBC Capital’s Daniel Perlin. He has a $207 price target on Visa (20% upside potential).
Although Visa faces some cyclical but abating regulatory