Alphabet Just Replaced Verizon in the Dow. Could Nike Be the Next Dow Stock to Be Deleted?
The longer Nike's turnaround drags on, the more its seat in the Dow looks up for grabs.
Overview
Just as I predicted, Honeywell International's aerospace spinoff on June 29 was the catalyst for Alphabet to join the Dow Jones Industrial Average (DJINDICES: ^DJI).
With Alphabet replacing Verizon Communications, Nike (NYSE: NKE) is now by far the lowest-priced Dow stock. Here's why that matters, and why it could spell trouble for Nike's seat in the Dow.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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