When all else fails...
- *APPLE WILL JOIN THE DOW JONES INDUSTRIAL AVERAGE, WSJ SAYS
Prepare for unknown craziness as the world's largest and most-owned stock will dominate another index (along with Goldman as we noted previously).
- *APPLE TO REPLACE AT&T IN DJIA AFTER CLOSE OF TRADING MARCH 18
- *INDEX CHANGE PROMTED BY VISA 4:1 STOCK SPLIT
- *S&P: ADDING APPLE TO INDEX TO HELP PARTLY OFFSET WEIGHTING CUT
The reaction...
And one analyst's view on why Apple should refuse...
Apple analyst Trip Chowdhry of Global Equities Research doesn't like this morning's news that the company is finally joining the Dow Jones Industrial Average.
Here is what Chowdhry said:
Apple joining Dow is extremely bad for Apple.... Apple Executive should refuse to join DOW - Joining Dow, takes the shine off the Apple and makes it a rotten Apple
Companies in Dow have historically symbolized companies which are boring, have zero innovation, complacent and are inching closer to irrelevance by the day....which is definitely not what Apple is all about
Questions for investors, have you seen any innovative company in DOW ... look at the Index, all are struggling to be relevant ... CSCO, IBM, MSFT....next step from Dow is total irrelevance and the possible death of the company... Apple is not a fit for DOW...entering Dow is only for the losing companies and not for highly innovative companies like Apple
Apple should just refuse to join the Dow Index...
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