[CasearianDaoist]

Who would have ever thought that we would see AT&T removed from the DOW? Seems sad to me.

[Alberta's Child]

I'm a little confused -- isn't AIG a financial services firm? How do they fit into an "industrial" indicator?

[BenLurkin]

Also:

Eastman Kodak is coming OFF.

Pfizer is coming ON.

Also effective April 8th.

[.cnI redruM]

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.

[leadpenny]

Is the Ajax Buggy and Buggy Whip Corporation still there?

[KJacob]

This move should drive the market farther up. Since the new companies are looking better than the ones being replaced.

[FRgal4u]

This is not good !

At least for those new Dow entries..

Last time Dow add MSFT, HD, SBC, INTC in 1999..

all these stock went south after the entry!

The ones got the boot last time were

Sears
Chervon
Union Carbide
Goodyear Tire

of the four, Chervon merged with Texaco - CVX is one of the best performers between 1999 and 2004.

Sears - not bad
Union Carbide - merged with DuPont (I think)
Goodyr tire - this is a laggard, still is a dog..

they kick IP, EK, and T out

all very high dividend yield plays,

may serve well to play the opposite game here

buy the kickout[s], short the entries..

jmho.

[Big Guy and Rusty 99]

Verizon = AT & T

same as it ever was, same as it ever was.

[rightcoast]

http://www.djindexes.com/downloads/DJIA_Hist_Comp.pdf

The Dow Jones Industrial Average (DJIA) began on July 3, 1884, with the following companies comprising the index:

Chicago & North Western (railroad)
Delaware, Lackawanna & Western (railroad)
Lake Shore (railroad)
Louisville & Nashville (railroad)
Missouri Pacific (railroad)
New York Central (railroad)
Northern Pacific pfd. (railroad)
Pacific Mail (steamship)
St. Paul (railroad)
Union Pacific (railroad)
Western Union (communications)


The first true "all industrial" DJIA came on May 26, 1896:

American Cotton Oil
American Sugar
American Tobacco
Chicago Gas
Distilling & Cattle Feeding
General Electric
Laclede Gas
National Lead
North American
Tennessee Coal & Iron
U.S. Leather pfd.
U.S. Rubber


General Motors was added to the DJIA on March 16, 1915:

Almagamated Copper
American Car & Foundry
American Smelting & Refining
American Sugar
Central Leather
General Electric Company
General Motors Corporation
National Lead
Peoples Gas
U.S. Rubber
U.S. Steel
U.S. Steel pfd.


The DJIA list remained the same from March 14, 1939 until July 3, 1956:

American Smelting
American Telephone & Telegraph
American Tobacco B
Bethlehem Steel
Chrysler
Corn Products Refining
Du Pont
Eastman Kodak Company
General Motors Corporation
Goodyear
International Harvester
International Nickel
Johns-Manville
Loew's
National Distillers
National Steel
Standard Oil of California
Standard Oil (New Jersey)
Texas Company
Union Carbide
United Aircraft
U.S. Steel
Westinghouse Electric
Woolworth


By June 29, 1979, the DJIA had changed slightly to include:

Allied Chemical
Aluminum Company of America
American Can
American Telephone & Telegraph
American Tobacco B
Bethlehem Steel
Du Pont
Eastman Kodak Company
Exxon Corporation (nee Standard Oil, NJ)
General Electric Company
General Foods
General Motors Corporation
Goodyear
Inco (nee International Nickel)
International Business Machines
International Harvester
International Paper Company
Merck & Company, Inc.
Minnesota Mining & Manufacturing
Owens-Illinois Glass
Procter & Gamble Company
Sears Roebuck & Company
Standard Oil of California
Texaco Incorporated (nee Texas Company)
Union Carbide
United Technologies Corporation (nee United Aircraft)
U.S. Steel
Westinghouse Electric
Woolworth


By January 27, 2003 the DJIA index was comprised of:

3M Company (nee Minnesota Mining & Manufacturing)
Alcoa Incorporated (nee Aluminum Company of America)
Altria Group, Incorporated
American Express Company
AT&T Corporation (nee American Telephone & Telegraph)
Boeing Company
Caterpillar Incorporated
Citigroup Incorporated
Coca-Cola Company
DuPont
Eastman Kodak Company
Exxon Mobil Corporation (nee Exxon Corporation)
General Electric Company
General Motors Corporation
Hewlett-Packard Company
Home Depot Incorporated
Honeywell International Inc.
Intel Corporation
International Business Machines
International Paper Company
J.P. Morgan Chaase & Company
Johnson & Johnson
McDonald's Corporation
Merck & Company, Incorporated
Microsoft Corporation
Procter & Gamble Company
SBC Communications Incorporated
United Technologies Corporation
Wal-Mart Stores Incorporated
Walt Disney Company

[rightcoast]

http://quote.bloomberg.com/apps/news?pid=10000006&sid=a0IrOjl2YuAw&refer=home

Update: "American International Group Inc., Verizon Communications Inc. and Pfizer Inc. will be added to the Dow Jones Industrial Average, Dow Jones & Co. said.

Eastman Kodak Co., International Paper Co. and AT&T Corp. -- the average's three smallest companies by market value -- will be removed from the 107-year-old benchmark. The changes will be effective with the opening of trading on April 8, Dow Jones said in a news release."

[headsonpikes]

When they add Newmont, it'll be time to sell my gold shares.

Those two stocks I gave the board last fall have each more than tripled, and my boots are still full! ;^)

[Aeronaut]

I just loved it when McDonald's became one of the industrials.

[qam1]

Oh man Verizon doing that great,

They were Evil when they were Bell Atlantic, They were evil when they were Nynex and they are still evil as Verizon.

I was hoping they would go the way of Worldcom or Enron and their leaders would end up being forced to sell their daughters into Prostitution in order not to starve to death.

!&!@#*()*()&^!@*( a*(*()!@&!*()$&!@()$!@&#$()!$&)!@