Prediction: Nike Will Be Booted From the Dow Jones Industrial Average Within 12 Months and Replaced by One of 2 Consumer-Facing Giants

Verizon was removed from the Dow Jones Industrial Average and Alphabet (Google’s parent) was added to the 30-stock index. The change is largely technical and index-flow driven, with limited implications for near-term fundamentals absent additional operational updates.

Analysis

Verizon was removed from the Dow Jones Industrial Average and Alphabet (Google’s parent) was added to the 30-stock index. The change is largely technical and index-flow driven, with limited implications for near-term fundamentals absent additional operational updates.