Just Numbers
Retired
Just heard that UPS is one of the companies being considered to replace GM on the Dow Jones Industrial Average. Any thoughts?
UPS to replace GM on the DJIA?
- Thread starter Just Numbers
- Start date
If this were to happen, How will this affect our stock?
Just Numbers
Retired
Guess we can dump this thread...the DJIA just announced that Cisco and Travelers would replace GM and Citigroup.
For future reference--from the Dow Jones Averages site (emphasis mine):
How are stocks picked for the DJIA?
The editors of The Wall Street Journal select the components of the industrial average. They take a broad view of what industrial means, too; in essence, it is almost any company that isn't in the transportation business or isn't a utility (because there also are Dow Jones Averages for those kinds of stocks). In choosing a new company for the DJIA, they look among substantial industrial companies with a history of successful growth and wide interest among investors. The components of the DJIA are not changed often. It isn't a "hot stock" index, after all, and the Journal editors believe that stability of composition enhances the trust that many people have in the averages. The most frequent reason for changing a stock is that something is happening to one of the components, such as being acquired. Whenever one stock is changed, the rest are reviewed.
Here's the link--but you need to register to view:
https://www.djaverages.com/?view=question&page=faq#a3
feederdriver06
former monkey slave
Good that UPS not being switched in GM's spot. It would only be something that the suits would use as an excuse to put operations under even more of a microscope .
shrimpfire
shrimpfire
Does it really matter? Stock is still good.
