The "Dominate the Dow" ProPicks strategy delivered an impressive 2.21% return in June 2024, outpacing the Dow Jones Industrial Average's 1.12% gain. This strong performance was led by Salesforce, Inc. (NYSE:NYSE:CRM), which soared 9.67% during the month.
While the strategy's diversified holdings and timely rebalancing helped drive overall outperformance, not all stocks were winners. NIKE, Inc. (NYSE:NKE) faced challenges with a -20.40% return, but the strategy's approach helped mitigate the impact of individual stock fluctuations.
In addition to Salesforce's standout performance, the "Dominate the Dow" strategy welcomed five new holdings this month, including Merck & Co., Inc. (NYSE:MRK). Merck, a global healthcare company delivering innovative health solutions, boasts a robust pipeline with anticipated launches and potential approvals that position it well for future growth.
The strategy's rebalancing also saw the removal of five stocks, including Amazon.com, Inc. (NasdaqGS:NASDAQ:AMZN), which delivered a solid 9.53% return during its tenure in the portfolio.
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