Charles B. Carlson, CFA

The list below ranks the 30 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: 8/16/2018)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
CATERPILLAR INC	CAT	136.26	-13.5	0.913
3M CO	MMM	203.15	-13.7	0.924
GOLDMAN SACHS GROUP INC	GS	233.00	-8.5	0.948
INTEL CORP	INTC	47.17	2.2	0.955
INTL BUSINESS MACHINES CORP	IBM	145.34	-5.3	0.964
CHEVRON CORP	CVX	117.66	-6.0	0.966
EXXON MOBIL CORP	XOM	78.00	-6.7	0.968
DOWDUPONT INC	DWDP	67.08	-5.8	0.975
THE TRAVELERS COMPANIES INC	TRV	130.34	-3.9	0.976
MCDONALD'S CORP	MCD	161.73	-6.0	0.987
JOHNSON & JOHNSON	JNJ	132.48	-5.2	1.008
WALGREENS BOOTS ALLIANCE	WBA	69.62	-4.1	1.022
PROCTER & GAMBLE CO	PG	83.69	-8.9	1.029
COCA-COLA CO	KO	46.22	0.7	1.036
JPMORGAN CHASE & CO	JPM	114.77	7.3	1.042
HOME DEPOT INC	HD	195.39	3.1	1.042
BOEING CO	BA	345.98	17.3	1.044
AMERICAN EXPRESS CO	AXP	102.65	3.4	1.047
UNITED TECHNOLOGIES CORP	UTX	133.31	4.5	1.047
DISNEY (WALT) CO	DIS	112.48	4.6	1.064
CISCO SYSTEMS INC	CSCO	45.16	17.9	1.075
WAL-MART STORES	WMT	98.64	-0.1	1.079
VERIZON COMMUNICATIONS INC	VZ	54.27	2.5	1.089
UNITEDHEALTH GROUP	UNH	263.10	19.3	1.118
VISA INC	V	140.65	0.0	1.125
PFIZER INC	PFE	41.42	14.4	1.133
MICROSOFT CORP	MSFT	107.64	25.8	1.139
NIKE INC -CL B	NKE	80.05	28.0	1.166
MERCK & CO	MRK	68.85	22.4	1.176
APPLE INC	AAPL	213.32	26.1	1.189