Apple Time for the Dow: Opinion:
NEW YORK (TheStreet) -- The next kick up in the stock price of Apple will probably happen when the stock is added to the Dow Jones Industrial Average.
The Dow 30 has always been more of a sales tool than a measurement tool. Created by Charles Dow in 1896, it's regularly updated to remove laggards and add winners. General Electric is the only original member on it.
Currently IBM is among the most influential stocks in the index, given its share price near $200. But Apple has nearly twice IBM's market cap, and more than double its share price. Its entrance to the index is overdue.
...
Click to view a price quote on AAPL.
Click to research the Computer Hardware industry.
NEW YORK (TheStreet) -- The next kick up in the stock price of Apple will probably happen when the stock is added to the Dow Jones Industrial Average.
The Dow 30 has always been more of a sales tool than a measurement tool. Created by Charles Dow in 1896, it's regularly updated to remove laggards and add winners. General Electric is the only original member on it.
Currently IBM is among the most influential stocks in the index, given its share price near $200. But Apple has nearly twice IBM's market cap, and more than double its share price. Its entrance to the index is overdue.
...
Click to view a price quote on AAPL.
Click to research the Computer Hardware industry.
Comments