Apple, come on DOW — Ping!
If you want on or off the Mac Ping List, Freepmail me.
Posted on 03/06/2015 12:35:06 PM PST by Star Traveler
On March 19, the world's largest company will join the world's most famous stock index, replacing AT&T.
According to Dow Jones, "a stock typically is added only if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors," and so on some level, Dow Jones is reaffirming Apple's corporate reputation with this addition.
Following Friday's announcement, Piper Jaffray analyst Gene Munster told Bloomberg Radio that Apple's inclusion was a "historic moment."
It also just makes sense: Apple's market cap is over $750 billion, making it about twice as big as the next-largest publicly traded company in the US, Exxon Mobil Corp. And with $178 billion in cash on its balance sheet, Apple's cash hoard is larger than the market cap of AT&T ($175 billion), the company it is replacing in the Dow.
(Excerpt) Read more at businessinsider.com ...
Here’s another article on Apple joining the Dow!
From the Wall Street Journal
Apple Added To Dow Jones Industrial Average
http://www.wsj.com/articles/apple-added-to-dow-jones-industrial-average-1425650402
join the Dow Jones Industrial Average this month, a long-anticipated change that adds the world’s most-valuable company to the 119-year-old blue-chip index.
The move is the latest milestone for Apple, which has emerged in recent years as the standard-bearer for a resurgent U.S. technology sector. The Cupertino, Calif., company in January reported latest-quarter net income of $18 billion, the largest quarterly profit on record, fueled by roaring sales of iPhones.
Apple will replace telecommunications giant AT&T Inc., according to S&P Dow Jones Indices, the unit of McGraw Hill Financial Inc. that owns the Dow. Shares of Apple were up 1.5% in midday trading Friday at $127.86.
There is one powerful icon that represents the stock market to the financial world: the Dow Jones Industrial Average. Founded in 1896, the Dow is nearly as old as the Journal itself.
“Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure,” says David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.
This seems odd to me . Are you and sword guy making money from APPLE or what? Nothing against Apple but the pimping seems to have gone up lately. To your credit I do see you on other threads and like your post on them.
Just wondering.
My Freeper page talks about my main interests. That’s what you’ll see me posting on, mostly. This was poted from an iPad ... :-) ...
I’ve been enjoying Apple’s fine products for over 30 years, since 1984, and I’m hoping to do so for the next 30 years ... if I live that long.
If you want on or off the Mac Ping List, Freepmail me.
As I understand it, Swordmaker’s policy is to pingout not only articles that he finds interesting/informative, but also - as a way of having an answer to questions like yours, articles which he hasn’t posted himself, even tho he might have seen them, but were posted by others. Sounds fair enough, right?But what if someone who’s hostile just floods the zone with threads which, altho based on different sources, don’t have any new information different from what threads were already posted? Should Swordmaker continously ping out thread after thread, which becomes a spam mechanism? He could be forced to start discriminating if people practice on his determination to be evenhanded.
Not a fan of battery powered automobiles. The gasoline and diesel vehicles of the past still dominate in the present, for good reason. I admit that all it would take is new technology enabling an efficient, cheap, light battery to make me reconsider in a big way. But I’m not holding my breath.
Well ... Apple hasn’t said they are building a car (of any kind) ... and ... Apple won’t be announcing it either, because they never announce what they are in the process of making. What you’re reading about it (i.e., that they are making one) is pure speculation and does not come from Apple.
The day you’ll be able to find out if Apple is making a car is when they announce it for sale. Until then, it’s nothing but pure guessing!
Ask yourself, seriously, if you can imagine standing in the middle of a modern American city in 10 years and not looking down the street at a majority of oil-powered vehicles. It ain't gonna happen. Twenty years out?
As Rush likes to point out, all of those 'electric' cars are coal-fired.
MS - $354B
IBM - $159B
What a success story. Really unbelievable.
Apple is easily the most important business story of the last 30 years, if not the last century.
Their products have revolutionized the way not just Americans– but people around the world– actually live their lives.
Apple products and technology have democratized our very existence, putting at the fingertips of virtually every living person a way of life inconceivable to our grandparents.
I'd assert that Apple is worthy of discussion in this forum.
Full disclosure: I've used Apple products almost exclusively since 1981. I own and manage multiple Apple installations both personally and professionally, and I own long and short positions in the company. I own similar positions in greater quantities in PC-related tech.
That will have an impact on Dow mutual funds. :’)
An important positive reality for many us seldom if ever gets brought forth in the Apple mania on Free Republic and the media.
Apple decided to join the real world and deliver dividends a few years ago.
Since then, Apple has become a dividend cow.
One of the ways to participate in this excess creme of Apple dividends is to buy a good dividend ETF with a fair share of Apple in its portfolio. Here are some suggested ETFs by someone besides me.
http://finance.yahoo.com/news/apple-ascent-dividend-etfs-140052269.html
Jones Industrial Average and the SPDR Dow Jones Industrial Average ETF (DIA) later this month.
The addition of Apple to the Dow ensures that all 30 of the index’s members are dividend payers. DIA is one of a small number of equity-based exchange traded funds that pays a monthly dividend. Though still new to the dividend world, Apple is becoming a larger holding in some payout ETFs. [Monthly Dividend ETFs]
“You might also be surprised to find Apple as a top-10 holding in 12 dividend focused ETFs,” said S&P Capital IQ in a new research note. “Apple began paying dividends in 2012, raised its dividend mostly recently in April 2014, and now offers a 1.5% dividend yield — below the S&P 500 index.”
The WisdomTree U.S. Dividend Growth Fund (DGRW) is a prime example of a dividend ETF that was quick to include Apple despite the company’s short dividend track record. DGRW features an almost 19.6% weight to technology, one of the largest weights to that sector among dividend ETFs. The fund’s Apple weight is 4.3%, making the iPhone maker the ETF’s second-largest holding.
DGRW debuted just a year after Apple reinstated its dividend, but the ETF’s index methodology Apple’s fast entry into the fund.
“Apple is now the second-largest dividend payer in the United States. And with the record earnings the company just reported, it could easily move up to first place soon. But if your ETF uses backward-looking screens, as most do, you likely won’t see Apple in your portfolio until 2023 (at the earliest),” said WisdomTree in a note out last week. [Apple and Dividend ETFs]
DGRW, which has $428.4 million in assets under management, has a distribution yield of 2.51% and pays a monthly dividend. Importantly, Apple has $178 billion in cash, more than the market values of all but a few S&P 500 members, with which to support future shareholder rewards.
“S&P Capital IQ’s equity analyst Scott Kessler projects overall 21% revenue growth for FY 15 (Sep.), reflecting healthy iPhone revenue growth and some challenges related to the iPad. Kessler sees revenues being aided by new offerings across multiple consumer categories, including the iPhone 6, iPhone 6 Plus, and the AppleWatch. However, he has a hold recommendation on the shares based on a relative valuation assessment,” according to S&P Capital IQ.
The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is the dividend ETF with the largest Apple weight at 8.64%, just ahead of the weights the ETF allocates to Apple’s soon-to-be fellow Dow component Cisco (CSCO).
As S&P Capital IQ points out, the WisdomTree Total Dividend Fund (DTD) features Apple as its largest holding with a weight of 3%. Additionally, DTD does not make a habit of lagging. Over the past five years, DTD outperformed 92% of its actively managed mutual fund rivals. [Dividend ETFs Still in Style]
The $598.2 million DTD has a distribution yield of 3.03% and also pays a monthly dividend.
WisdomTree U.S. Dividend Growth Fund.
In fair disclosure, we will be buying a good bit of DGRW this week. We own TDIV and DTD.
We will probably buy back into DVY before/when Apple and Cisco are blended into the DOW average.
Swordmaker may want to comment on this, as I’m not invested in Apple Stocks. I know a lot of Freepers are, but not me. I’m invested in Apple Products. But, I do know that being invested in Apple stock is a WINNER from what I’ve heard from others who are ... :-) ...
These ETF’s are an excellent way to share in Apple’s success and not lose your savings if something happens.
Personally, I’m not an Apple user nor fan. I prefer the Android products. However, ignoring what Apple has done in the past and in the past two quarters would border on duh duh’s.
Our country is rapidly moving from an investment and non tech producer to a level of incredible production to meet the increasing demand for tech products.
I want to invest in a winning Apple, Google, Cisco and other manufacturers of the tech stuff needed for our new electronic tools and fun stuff. There are ETF’s that allow me to do that and minimize my risks.
We live a couple of hours from Sillycon Valley, and when you see Google/Apple, Cisco and ??? fighting/trying to buy up property to make massive growth in some of the most expensive property in America. You can feel the potential that could make the space race look like amateur hour.
I want Apple, Google, Cisco and other American Tech companies to continue to thrive and grow. I have more than one horse in this race and I don’t care which one wins. Hopefully, all of them will win and thrive.
I would definitely like to see them all “blow away” the other companies in the world and advance the technological edge of America, within the world community, too ... :-) ...
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