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AMZN to Replace WBA in DJIA

yogibearbullyogibearbull
edited February 21 in Other Investing
AMZN joins AAPL, CRM, CSCO, IBM, INTC, MSFT already in DJIA.
News https://www.cnbc.com/2024/02/20/amazon-to-replace-walgreens-in-dow-industrial-average-on-february-26.html

DJIA
https://finance.yahoo.com/quote/^DJI
https://www.cnbc.com/dow-30/

Edit/Add. There were guesses that WMT split will cause some change in DJIA. Because it is price-weighted index, the higher-priced stocks have greater influence on its movements vs market-cap weighted index. S&P/DJ index committee (yes, there is such a thing) monitors this. WMT is both in retail and online (so, retail + fintech), so suddenly, the 3-for-1 split reduced the weight of those areas. While AMZN seems like a logical choice, somebody had to be kicked out to make room, and WBA has almost been asking for it (by how it has been doing).

WBA topped the list of 2024 Dogs of the Dow (ETF DOGG at high 75 bps). Now it will be VZ after the change.
https://www.kiplinger.com/investing/what-are-the-dogs-of-the-dow-for-2024
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