As I expected back in 2007, GM is out of the Dow, being replaced by internet powerhouse Cisco (CSCO):
Let’s start a pool: At what point in the future will General Motors
(GM) ignominiously join Eastman Kodak (EK), Woolworth and others and
get tossed out of he Dow Jones Industrials? And, who will replace them?
I am betting this happens within 5 years, and perhaps even within 3.
As to the replacement, I might have said Google (GOOG) — but I
assume the DJ Editors learned their lesson top ticking Microsoft (MSFT)
and Intel (INTC). Instead, my bet will be Cisco (CSCO).
General Motors (GM) and Citigroup (C) will be replaced in the Dow Jones Industrial Average by Cisco Systems (CSCO) and Travelers (TRV) respectively.
Honorable mention on the pool goes to Tom Petruno, who was expecting the US Government to be added to the DJIA.
Top 10 Things the Letters “GM” Stands For (April 2nd, 2009)
When Does GM Get Kicked Out of the DJIA? (November 7th, 2007)
When Does GM Get Kicked Out of the Dow, part II (June 26th, 2008)