Amazon to replace Walgreens in Dow Industrial Average next week

S

SunTrader

Amazon to replace Walgreens in Dow Industrial Average next week

https://www.cnbc.com/2024/02/20/ama...in-dow-industrial-average-on-february-26.html

Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower.

The move will result in more exposure to the online retailer for investors who bet on the average, which is far smaller than the S&P 500 index. The change goes into effect prior to market open on Feb. 26........................

more at link
 
How to make the index goes up?

Simply remove those stocks that are on the downtrend (eg Walgreens) and
replace it with stocks that are on the uptrend (eg Amazon).

Is Uber on the uptrend?
Yes it is. So it might be added to the index.
 
RedDuke said:
The peak is near.
More...
It is if NVDA has peaked.

Down a chunk yesterday. -2% again so far this morning. Earnings after the bell.

Till recently was roughly 1/3rd of the S&P gains this year.

+ + +

(Axios)

  • Traders appear to be ready for fireworks. The Wall Street Journal reports that the options market is pricing in an 11% swing — either an 11% gain or an 11% loss — in the share price after it reports through Friday.

TWT
 
SunTrader said:
Amazon to replace Walgreens in Dow Industrial Average next week

https://www.cnbc.com/2024/02/20/ama...in-dow-industrial-average-on-february-26.html

Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower.

The move will result in more exposure to the online retailer for investors who.... on the average, which is far smaller than the S&P 500 index. The change goes into effect prior to market open on Feb. 26........................

more at link
More...
%%
NO wonder IBD never \ cared much for that rival paper + rival index-ETF;
they should have booted that ''bootLOL'' \ many years ago........................................
 
S2007S said:
They waited wayyyyyy tooooo long for this dow inclusion



Should have been Done about a decade ago!!

Amazon will not achieve the same growth the next 20 yrs as it did the last 20!!
More...
%%
AMZN goofed up my multibook order, ordered UNknown Market.....-jack Schwager from somOne else;
Walgreens is to expensive compared to herbals mail order.................................
 
So more food for thought regarding possible peak.

August, 2020 Saleforce replaces Exxon in Dow, and .............. the result since below.

! SalesForce v Exxon.png
 
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