Charles B. Carlson, CFA

The list below ranks the Dow stocks on the ratio of stock price to 200-day moving average price, from the lowest ratio to the highest ratio. The 10 Dow stocks with the lowest ratios are highlighted. A variation of my Worst-To-First Strategies focuses on creating portfolios from the 10 Dow stocks with the lowest ratio of current stock price to 200-day moving average price (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.

FURTHEST FROM 200-DAY MOVING AVERAGE (Data as of: 1/18/2021)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
Coca-Cola	KO	48.70	-11.2	0.979
Verizon Communications	VZ	57.38	-2.3	0.995
Visa	V	201.59	-7.8	1.035
Merck	MRK	83.38	1.9	1.035
IBM	IBM	128.39	2.0	1.035
3M	MMM	165.55	-5.3	1.040
McDonald's	MCD	209.91	-2.2	1.043
Salesforce.com	CRM	213.14	-4.2	1.051
Procter & Gamble	PG	134.78	-3.1	1.053
Intel	INTC	57.58	15.6	1.054
Cisco Systems	CSCO	45.43	1.5	1.058
Chevron	CVX	92.09	9.0	1.059
Amgen	AMGN	245.49	6.8	1.062
Boeing	BA	204.32	-4.6	1.069
Microsoft	MSFT	212.65	-4.4	1.088
Johnson & Johnson	JNJ	160.30	1.9	1.095
Home Depot	HD	275.59	3.8	1.098
Walmart	WMT	144.64	0.3	1.104
UnitedHealth	UNH	351.30	0.2	1.156
Walgreens Boots Alliance	WBA	48.92	22.7	1.159
American Express	AXP	122.15	1.0	1.175
Travelers	TRV	143.24	2.0	1.212
Honeywell	HON	205.97	-3.2	1.249
Dow	DOW	57.31	3.3	1.299
NIKE	NKE	140.72	-0.5	1.301
Apple	AAPL	127.14	-4.2	1.302
J.P. Morgan Chase	JPM	138.64	9.1	1.305
Disney	DIS	171.44	-5.4	1.344
Caterpillar	CAT	194.62	6.9	1.380
Goldman Sachs	GS	301.01	14.1	1.445