Seeking Alpha

Alcoa, BofA, and H-P dropped from DJIA

  • Alcoa (AA), Bank of America (BAC), and Hewlett-Packard (HPQ) are being removed from the Dow Jones Industrial Average. They will be replaced with Goldman Sachs (GS), Nike (NKE), and Visa (V).
  • The changes will be made effective with the open of trade on September 23.
  • AA -1.4%, BAC +0.2%, HPQ -1.4%, GS +2.6%, NKE +2.7%, V +2.5% premarket.
  • DJIA ETFs: DIA, DDM, UDOW, DXD, SDOW, DOG.
Comments (12)
  • Lovin' it.

     

    Long V and NKE. Perfect examples of large-cap growth stocks.
    10 Sep 2013, 08:59 AM Reply Like
  • why did alcoa get removed?
    10 Sep 2013, 09:14 AM Reply Like
  • Manufacturing is less important in the United States after the official changes to how GDP is measured. Financial engineering (GS) and consumer products (NKE) are now considered to be more important aspects of the economy.
    10 Sep 2013, 02:20 PM Reply Like
  • anyone think AA or BAC is a worthwhile look now as S&P timing is usually poor?
    10 Sep 2013, 09:18 AM Reply Like
  • BAC's had one hell of a run. While I think US banks for the most part are healthier than European counterparts, when the next major market drop happens (we are overdue I think), financials will collapse first in my opinion.
    10 Sep 2013, 09:20 AM Reply Like
  • DJI used to be the INDUSTRIALS average. Maybe they should also add banks, fast foods, and retail stores to the transportation and utilities indexes. It would be better if they would return the integrity of Industrials and invent new indexes called the Financials and Retail.
    10 Sep 2013, 09:19 AM Reply Like
  • frosty, you are probably right but what industrials are we talking about here in U.S. of A , anyway! Maybe , Dow Industrial will be changed to something else like Dow Service or Dow Entertaintment .. I think Americans are playing or fooling around a lot more lately, dont you think ?
    10 Sep 2013, 02:15 PM Reply Like
  • My comment is focused on Visa. Shows me that folks are using their credit cards ( I know my wife is, that's fer sure ) and that means stores are doin' business. That means higher earnings and my stuff must be goin' up. I may even check it someday.
    Capt. Brian
    The Lost Navigator
    If u wanna c what I'm in, go check my stock talk of a month of so ago.This ole fool from the sea is goin' fishun today. U worry about the market.
    10 Sep 2013, 09:35 AM Reply Like
  • I can understand Alcoa and HP being removed. I just don't understand how Goldman Sachs is a good component, it makes no sense. These guys make money in good and bad times. The DJIA is suppose to be an indicator for the economy. GS doesn't even do traditional lending, it is more of a trading operations firm with investment banking.
    10 Sep 2013, 09:36 AM Reply Like
  • price weighted. cheapest stocks move out. thats their method. i know its stupid.
    10 Sep 2013, 01:09 PM Reply Like
  • Most of us readers just dont get it... America is gettin' looted all day and night! We have zero interest for our national debt yet we charge 18-60% to VISA users annually. Dont VISA users realize that it is a hidden tax one way or another. Want argue with your wives? Glad I got none! Sheesh! Alcoa is punted out simply because China said so. simple as that... Aluminium is a bargain jewel! Once made new, it will be recycled forever.. always on the top of the table for homeless metal scavengers to collect and sell for a tidy sum of money. Ants flock to aluminium cans for the sugar in cans... Pesticide companies boom! We breath in pesticide fumes.. We get cancer and die! This is the American dream or what? Warehouses of dying sick pollution infested patients in every town or city where it is a important tax revenue base for all town and city halls. Heck, what will we do without those sick dying patients... never mind the great advances in medicine! Pfft!
    ]
    10 Sep 2013, 02:21 PM Reply Like
  • NIke? I thought of some guy like hmm like those big biotechs or entertaintment giants like Oprah?
    10 Sep 2013, 02:23 PM Reply Like
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