Apple Inc. (NASDAQ:AAPL) inclusion into the Dow Jones Industrial Average continues to arouse concerns, whether the hardware behemoth best days are behind it, if the history of the index is anything to go by. Apple stock struggled on its debut in the Dow, following on the path of 16 other companies that experienced the same fate on being included in the Index. S&P Dow Jones Managing Director, David Blitzer speaking to Fox business pointed out that Apple remains the biggest winner on its inclusion in the index while affirming it will help improve the index’s measure.
Apple Inc. (NASDAQ:AAPL) inclusion into the index has been hailed as a powerful measure, but if history is anything to go by, basing on past stock performances, it could mark a slowdown in the stock performance. A point of concern to investors should be the fact that stock’s joining the Dow always end up rising by only 1% in the six months that follow.
“Putting it in the Dow says that we at the S&P Dow Jones and indeed as far as we believe investors recognizes as a very important large leading company well known, well respected. Somebody would say they didn’t need any more recognition but they got it and they got a lot of attention. [..] We didn’t do this because we thought it could go up or down we do it based on making the index a better measure,” said Mr. Blitzer
Apple Inc. (NASDAQ:AAPL) has always proved its doubters wrong having grown to become the world’s largest publicly traded company. The 71% increase in value over the past year should be an indicator to investors that the company growth potential remains undeterred.
Mashable Business Reporter, Jason Abbruzzese believes that Dow takes the day as the winner. As people have been asking why Apple Inc. (NASDAQ:AAPL), the biggest blue chip company is not in the blue chip index.
“For the Dow they are adding an important company, a company that a lot of people invested and a lot of people watch closely. One of the most high profile companies in the world certainly with the way they release products things like that. So I think it is a good day for the day for the day, they kind of answered some questions that people have had for quite a while,” said Mr. Abbruzzese.
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