Charles B. Carlson, CFA

The list below ranks the Dow stocks on 12-month percentage price change, from the worst performer to the best. The 10 worst-performing Dow stocks over the last 12 months are highlighted. My Worst-To-First Strategies focus on creating portfolios from the 10 worst performers over the last 12 months (1-stock, 3-stock, 5-stock, or 10-stock portfolios). For example, if you want a 3-stock portfolio, buy the first three stocks in the list and hold for 12 months. Editor's note: Salesforce.com (CRM), Honeywell (HON), and Amgen (AMGN) joined the Dow Jones Industrial Average, effective with the opening of trading on Monday, August 31, 2020. The stocks replaced Raytheon Technologies (RTX), Exxon Mobil (XOM), and Pfizer (PFE).

12-MONTH % PRICE CHANGE (Data as of: 10/21/2020)

Company Name	Ticker	Recent Price $	YTD % Price Change	12Mo % Price Change
Boeing	BA	163.86	-49.7	-51.876
Chevron	CVX	70.87	-41.2	-39.930
Walgreens Boots Alliance	WBA	37.39	-36.6	-31.469
J.P. Morgan Chase	JPM	99.37	-28.7	-20.580
Cisco Systems	CSCO	39.06	-18.6	-16.981
IBM	IBM	115.06	-14.2	-14.377
American Express	AXP	101.43	-18.5	-12.928
Coca-Cola	KO	49.99	-9.7	-8.510
Verizon Communications	VZ	56.75	-7.6	-6.783
Merck	MRK	78.07	-14.2	-5.792
Travelers	TRV	125.00	-8.7	-5.417
Goldman Sachs	GS	202.91	-11.8	-3.979
Disney	DIS	126.63	-12.4	-3.431
Dow	DOW	48.55	-11.3	0.000
3M	MMM	169.17	-4.1	0.242
Honeywell	HON	172.87	-2.3	1.778
Intel	INTC	53.50	-10.6	3.441
Johnson & Johnson	JNJ	143.93	-1.3	10.800
Amgen	AMGN	228.97	-5.0	12.615
McDonald's	MCD	228.19	15.5	14.547
Visa	V	198.43	5.6	15.824
Procter & Gamble	PG	143.25	14.7	16.463
Walmart	WMT	144.40	21.5	20.988
Home Depot	HD	284.51	30.3	21.238
Caterpillar	CAT	167.40	13.4	23.688
UnitedHealth	UNH	322.79	9.8	30.262
NIKE	NKE	129.43	27.8	40.197
Microsoft	MSFT	214.80	36.2	56.514
Salesforce.com	CRM	254.23	56.3	75.173
Apple	AAPL	116.87	59.2	92.236