These Dow stocks are outperforming in 2026 and could hit more new highs in 2027.
These Dow stocks are outperforming in 2026 and could hit more new highs in 2027.
Amazon (AMZN +5.31%), Coca-Cola (KO -0.47%), and Visa (V +0.18%) are three members of the Dow Jones Industrial Average (^DJI +0.05%) that continue to post solid financial results in 2026. These companies are unstoppable not because their share prices have been steady, but because each one has competitive advantages that can keep the business growing for years. Here's why they look like solid stocks to buy now.
1. Amazon's cloud backlog is growing at triple-digit rates
Amazon is famous for its online store, but most of its revenue comes from cloud computing, advertising, fulfillment services, subscriptions, and hardware devices like Kindle. The stock has returned about 10% so far this year, slightly ahead of the Dow Jones Industrial Average's roughly 9% gain through mid-October, as of Oct. 15, 2026. Investors have worried about the heavy capital spending needed for cloud infrastructure, which is pressuring free cash flow.
But that spending is tied to the growing demand for artificial intelligence (AI) cloud services, with Amazon leading the cloud market. On the July 30, 2026 earnings call, CEO Andy Jassy said the cloud backlog stands at $496 billion and is growing in the triple digits year over year. Amazon's total net sales grew 20% year over year in the second quarter, with analysts expecting full-year sales to be up about 15% over 2025.
The long-term cloud contracts included in the backlog provide Amazon with clearer visibility into future revenue. At the Oct. 15 close of about $255, the stock trades at a forward price-to-earnings (P/E) ratio of 30, based on Wall Street's 2026 consensus earnings estimate, and 24 times next year's. Wall Street expects roughly 21% annual earnings growth over the next several years, according to consensus estimates. This valuation and growth could support market-beating returns over the next five years.
$93.46-$0.45 (-0.47%)
NYSE · As of 3:38 PM ET 10/19/26
2. Coca-Cola is using digital tools to reach more consumers
Coca-Cola has a large portfolio of brands, including Powerade, Sprite, and Fairlife. The shares have returned about 34% year-to-date through mid-October, well ahead of the Dow Jones Industrial Average. That outperformance still leaves room for more upside as the company begins to leverage AI tools to drive more demand.
Averytin News Financial update.