by David Zeiler
The Dow Jones Industrial Average executed a minor overhaul today.
As of the opening bell, three stocks were removed from the index and three new stocks added in their place.
Dow Jones said it took the action because of the impact of the Apple stock split – it didn't want the tech sector to have less influence.
But how will this affect the DJIA and its component stocks going forward?.
Here's everything you need to know...
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The Dow Jones now is flat after Salesforce.com (NYSE: CRM), Amgen (NASDAQ: AMGN), and Honeywell (NYSE: HON) replace Exxon Mobil (NYSE: XOM), Pfizer (NYSE: PFE) and Raytheon (NYSE: RTN) on the index.
This week, the S&P 500 and NASDAQ reached milestones since hitting intraday lows in March.
Gains are 57% and 72%, respectively.
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The Dow Jones today is getting a lift from a new Brexit deal. It's still uncertain whether parliament will approve, but it's a positive day for the embattled prime minister.
The news in Europe offset statements by China this morning. Chinese officials have said that the U.S. must cancel new tariffs if it has any hope for reaching a trade deal.
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In June, Iran announced its military had shot down a U.S. drone and claimed its nation was "ready for war."
The country has rejected accusations from the United States that it violated terms of a 2015 nuclear agreement and it could once again be facing U.N. sanctions.
This is a critical time on the world stage, but it’s also caught the attention of Wall Street and defense stock investors.
When geopolitical uncertainty rears its ugly head, defense stocks tend to soar.
And given the U.S. commitment to a strong defense, some of these investments can even be considered resistant to recessions.
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With tensions building between the U.S. and Iran, we went searching for the top defense stock to buy right now.
And we found just the one…
It has a strong balance sheet with just $2 billion in debt.
And its total debt to capital sits at just 29.4%, compared to an industry average of 68%.
The firm even pays a 2.13% dividend, which outpaces its rivals 1.9% average.
And its gross profit margins, operating profit margins, and net profit margins all outpace the industry average as well.
But the company’s standard financial metrics tell just half of the story of why it is a breakout stock with a very high VQScore.
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After months of neglect from Wall Street, investors have once again warmed to the General Electric Co. (NYSE: GE) on its run-up to earnings.
Since hitting a low of $6.71 on Dec. 12, 2018, the 126-year-old conglomerate has rallied, driving its share price to a 2019 high of $9.14 just last week.
The sudden jump has many investors wondering if one of Wall Street's favorite dividend stocks is finally back.
However, the picture isn't as straightforward when you take a closer look...
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The Dow Jones Industrial Average jumped over 100 points in pre markets aim to rebound from an ugly trading session on Thursday.
Yesterday, the Dow shed over 300 points as investors fretted about rising interest rates and ongoing tensions between the U.S. and Saudi Arabia.
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On Monday (Oct. 1), General Electric Co. (NYSE: GE) announced that company CEO John Flannery would be stepping down, ending his brief, yearlong tenure at the helm of one of America's most recognizable brands.
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Over the last year, shares of General Electric Co. fell over 50% as news of the company's dire financial health spread across Wall Street, erasing over $100 billion in the company's market value.
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The Dow Jones today is off to a hot start after the Senate passed a 2018 federal budget yesterday…
Dow Jones futures are up 77 points in pre-market hours as the Senate's budget confirmation clears the way for a new tax cut bill.
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