In an interesting though frustrating tidbit for holders of DIA, Colas noted that the Dow’s newest additions – Goldman, Visa (NYSE: V) and Nike (NYSE: NKE) are all lower this year. By our calculations, those three stocks were lower by an average of 6.2% at the start of trading Thursday.
Alcoa (NYSE: AA), Bank of America (NYSE: BAC) and Hewlett-Packard (NYSE: HPQ), the Dow’s most recent versions of Hester Prynne, are solidly higher to start 2014. Trading in the $20s, Cisco (NasdaqGM: CSCO), Intel (NasdaqGM: INTC) and General Electric (NYSE: GE) could be the next stocks to be tossed from DIA.
SPDR Dow Jones Industrial Average ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GE and Intel.