Nvidia to Replace Intel in the Dow
The fact that Intel is still in the Dow Jones Industrial Average is a joke.
Intel became one of the first 2 companies that trade on the Nasdaq to be included in the Dow. That was way back in 1999 (Microsoft being the 2nd one).
But that was 25 years ago.
Times have changed.
And yet, despite the criminal underperformance from Intel since then, the Dow Jones Industrial Average closed yesterday at another NEW All-time High:
As you can see in this chart, the Dow Transports still have some work to do, in order to confirm the new highs that the Dow Industrials have already been hitting.
Many would argue that the new Transportation stocks are actually Semiconductors, because that’s how many goods and services are delivered in today’s world.
Either way, I think we can all agree that Semiconductors are one of the most, if not THE most, important sector in America – maybe even the world.
Here is a performance comparison between Intel and Nvidia, just since last year.
Look at the difference:
Shares of Nvidia recently split, making it possible to be added to the Dow Jones Industrial Average, which is a price weighted Index.
When $NVDA was still trading above $1000, inclusion was not possible.
Now I believe that an Nvidia addition to the Dow is coming soon, and Intel is getting the boot!
See what I did there? Boot?
Walgreens Boots Alliance was just removed from the Dow back in February and replaced by Amazon.
What the heck was Walgreens doing in the Dow anyway?
Well, fun fact: Walgreens was included in the Dow in 2018 when it replaced General Electric, who was one of the original Dow components in the late 1800s.
My bet is that Nvidia will be the next stock added to the Dow, and Intel will be gone.
Good riddance.
Make sure you Download our $NVDA earnings Preview Report here, if you haven’t already.
And join us LIVE tomorrow Wednesday August 28th @ 3:45PM ET when Nvidia reports their quarterly earnings.
We’ll be right here LIVE with you reacting to the markets movements.
Again, we don’t care at all about the actual numbers, and we care even less about what they say in the conference call.
We’re only interested in the market’s reaction to the news, and we’ll address any trading opportunities that arise from the market’s movements, whether it’s in $NVDA or any other stocks may be impacted.
Register here for tomorrow’s LIVE Stream and get our FREE report.
JC
The post Nvidia to Replace Intel in the Dow appeared first on All Star Charts.