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April 29, 2012
18:16 EDTWFC, BAC, AAPL, IBM, HPQ, BRK.A, AA, GOOGApple and Google are the leading candidates to enter the DJIA, Barron's reports
The Dow Jones Industrial Average, or DJIA, hasn't adjusted its component companies since 2009 and is overdue for a makeover, Barron's reports. Since that time, Apple (AAPL) has emerged as the world's most valuable company, with a market value of $570B. Also not on the DJIA list is online advertising-and-search behemoth Google (GOOG). Both represent major shifts in the global business landscape in ways that current Dow components such as Hewlett-Packard (HPQ), Bank of America (BAC) and Alcoa (AA) do not. Yet admitting Apple or Google -- or any other high-priced stock -- would be difficult, given the way the index is calculated based on the absolute price of their shares. With a price of around $605, Apple's shares would overwhelm the index with a 26% weighting. That is double the influence of current Dow component International Business Machines (IBM), whose $207 stock price gives it a 12% weight in the index. Given its big daily swings, Apple alone could move the Dow regularly by 100 points or more. As for Google, it is planning a stock split that would cut its share price in half, to about $300. But even at that level, it would have a hefty 15% weighting in the average. One solution would be to adjust the way the Dow is calculated. Other potential index additions include Berkshire Hathaway (BRKA) and Wells Fargo (WFC), which pose no problem under the current calculation system. Reference Link
News For A From The Last 14 Days
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December 1, 2015
10:35 EDTALeerink life science tools analyst holds an analyst/industry conference call
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November 24, 2015
16:00 EDTAOptions Update; November 24, 2015
iPath S&P 500 VIX Short-Term Futures up 13c to 19.04, Option volume leaders: AAPL FB NFLX BAC PFE AMZN CHK TWTR GE SUNE DE AGN AAL MSFT INTC X BABA A
15:38 EDTAOptions with increasing volume: SUNE HPQ TSM PMCS TSO EPI A DE CREE
November 19, 2015
16:10 EDTAAgilent increases cash dividend to 11.5c per share
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