Analysts Mull Replacements For GM, If Dropped From Dow

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 4, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    Analysts Mull Replacements For GM, If Dropped From Dow Index - Smart Money

    With General Motors Corp. possibly headed into government-sponsored bankruptcy, the automaker's standing as one of 30 members of an exclusive club -- the Dow Jones Industrial Average -- is now viewed as shaky.

    Art Hogan, chief market strategist for Jefferies & Co., believes a transportation-type company would be the most suitable replacement for GM, and points to delivery companies FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) as suitable candidates.