Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

DOW Components Change
CNBC/Bloomberg ^ | April1,2004 | CNBC/Bloomberg

Posted on 04/01/2004 6:35:00 AM PST by BenLurkin

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-62 next last

1 posted on 04/01/2004 6:35:01 AM PST by BenLurkin
[ Post Reply | Private Reply | View Replies]

To: BenLurkin
Who would have ever thought that we would see AT&T removed from the DOW? Seems sad to me.
2 posted on 04/01/2004 6:36:12 AM PST by CasearianDaoist
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
I'm a little confused -- isn't AIG a financial services firm? How do they fit into an "industrial" indicator?
3 posted on 04/01/2004 6:36:44 AM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
Also:

Eastman Kodak is coming OFF.

Pfizer is coming ON.

Also effective April 8th.

4 posted on 04/01/2004 6:38:02 AM PST by BenLurkin (Socialism is slavery.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alberta's Child
We don't have industries anymore. It's de-industrialization here in America. Get with the program.
5 posted on 04/01/2004 6:38:32 AM PST by GraniteStateConservative (...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Alberta's Child
Yeah, AIG is an insurance company.
6 posted on 04/01/2004 6:38:39 AM PST by The G Man (John Kerry? America just can't afford a 9/10 President in a 9/11 world. Vote Bush-Cheney '04.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BenLurkin
There was a time when GM and US Steel were the dominant Dow Components. I'd enjoy seeing the algorithm they use to determine whose worthy.
7 posted on 04/01/2004 6:40:17 AM PST by .cnI redruM (Kerry 2004 - "I won't kiss your baby, but I'll sure sleep with your girlfriend!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
Is the Ajax Buggy and Buggy Whip Corporation still there?
8 posted on 04/01/2004 6:40:56 AM PST by leadpenny
[ Post Reply | Private Reply | To 1 | View Replies]

To: GraniteStateConservative
Then I guess we'll call it the "Dow Jones Bullsh!t Average" from this point forward.

9 posted on 04/01/2004 6:41:00 AM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: GraniteStateConservative
We don't have industries anymore. It's de-industrialization here in America. Get with the program.

In the case of Kodak coming off, their problems started years ago. They reacted too little, too late to Fuji, diversified in questionable directions (e.g. Sterling Drug) that hurt them for years. Look to EK Management and yes, some of the workers, for their problems.

10 posted on 04/01/2004 6:41:38 AM PST by Fury
[ Post Reply | Private Reply | To 5 | View Replies]

To: BenLurkin
This move should drive the market farther up. Since the new companies are looking better than the ones being replaced.
11 posted on 04/01/2004 6:42:17 AM PST by KJacob
[ Post Reply | Private Reply | To 1 | View Replies]

To: .cnI redruM
There was also a time when the Dow Jones industrial index was comprised entirely of railroad stocks.

I may be wrong about this, but I believe General Electric is the only company that has been a component of the DOW since the beginning.

12 posted on 04/01/2004 6:42:33 AM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Alberta's Child
I'm a lot confused.

What factors determine 'being dropped'?
Who determines that?
What does it all mean in the greater scheme of things?

Hiding from the public?

Shenenigans in the exchange?

Obviously I know 3% less than nothing about the market etc. ... but I read this stuff hoping someday to unseat The Donald.

<8^)

13 posted on 04/01/2004 6:43:12 AM PST by knarf (A place where anyone can learn anything ... especially that which promotes clear thinking.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Alberta's Child
Correct on GE
14 posted on 04/01/2004 6:43:26 AM PST by leadpenny
[ Post Reply | Private Reply | To 12 | View Replies]

To: Alberta's Child
Because the Dow "Industrials" long ago became an index of the top 30 stocks, not just industrial stocks. It already contains Citigroup and Microsoft.

And besides, our top 30 industrial firms are now in Guangdong, China...(rim shot)

15 posted on 04/01/2004 6:44:57 AM PST by Mr. Jeeves
[ Post Reply | Private Reply | To 3 | View Replies]

To: Alberta's Child
"Industrial" is a pretty broad term for the purpose of the DOW average.

The current DOW components are:

AA ALCOA INC
AXP AMER EXPRESS
BA BOEING CO
C CITIGROUP
CAT CATERPILLAR INC
DD DU PONT CO
DIS WALT DISNEY CO
EK EASTMAN KODAK
GE GENERAL ELEC CO
GM GENERAL MOTORS
HD HOME DEPOT INC
HON HONEYWELL INTL
HPQ HEWLETT-PACKARD
IBM INTL BUS MACHINE
INTC INTEL CORP
IP INTL PAPER CO
JNJ JOHNSON&JOHNSON
JPM JP MORGAN CHASE
KO COCA COLA CO
MCD MCDONALDS CORP
MMM 3M COMPANY
MO ALTRIA GROUP
MRK MERCK & CO
MSFT MICROSOFT CP
PG PROCTER & GAMBLE
SBC SBC COMMS
T AT&T CORP 19.57
UTX UNITED TECH CP
WMT WAL-MART STORES
XOM EXXON MOBIL

Citi Bank and JPM organ are financial companies, Walmart is a retailer, McDonalds is a fast food chain, etc.
16 posted on 04/01/2004 6:45:34 AM PST by BenLurkin (Socialism is slavery.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: knarf
I think it's the size of the company that is the key factor. I'm guessing that AT&T has been eclipsed by Verizon in terms of annual revenues, and International Paper is now smaller than AIG. I still have no idea why AIG would be considered an "industrial" company, though -- maybe they have a number of industrial subsidiaries or own a substantial base of industrial properties as part of their asset base.
17 posted on 04/01/2004 6:45:55 AM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Alberta's Child
Truth in advertising.
18 posted on 04/01/2004 6:47:14 AM PST by GraniteStateConservative (...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: BenLurkin
I can understand why Wal-Mart and McDonald's are on the list. Because the DOW is supposed to be an indicator of industrial activity, these stocks serve as reasonable indicators of industrial activity even if they themselves aren't the ones who are doing the manufacturing. This is the same rationale for why railroads were major components of the DOW back in the 19th century.

The financial services companies are the ones I don't get -- isn't there a separate DOW index for financial services?

19 posted on 04/01/2004 6:50:31 AM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: BenLurkin
Pfizer is coming ON.

Excellent ... I've had 1000 shares of Pfizer and Verizon (1200) for several years now. Higher visibility where these stocks are concerned should be beneficial.

20 posted on 04/01/2004 6:50:32 AM PST by BluH2o
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson