Wednesday, March 11, 2009

Google, Cisco Eyed as Possible Dow Candidates - NYTimes.com

AP: Take oil off the DJIA. We should rejoice when their stocks go down.


"I don't have much interaction with Exxon Mobil , but I'm on Google 47 times a day," said Barry Ritholtz, chief market strategist of Fusion IQ in New York. Exxon is one of the 30 stocks listed on the Dow.

"Indirectly that means I'm interfacing with the plumbing of Cisco."

Other candidates include high-profile household names such as the world's largest credit card network, Visa , or iPod maker, Apple .

"Some have said that Visa, because of its strong brand name and relatively large market capitalization of almost $42 billion, might be a possible replacement for Citi," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.
Google, Cisco Eyed as Possible Dow Candidates - NYTimes.com
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