NEW YORK ( TheStreet) -- Recently the Dow Jones Industrial Average (DJIA) removed three stocks from its membership roster and added three new stocks in their place. The stocks that were kicked out: Alcoa (AA - Get Report), Bank of America (BAC - Get Report) and Hewlett-Packard (HP - Get Report). The stocks added: Visa (V), Nike (NKE) and Goldman Sachs (GS - Get Report).I wrote about this change in another publication and why, in my opinion, it took so long for Visa to be added. I also analyzed the worthiness of Visa as a Dow member. Ultimately, what I determined is that Visa is a great stock that is worthy of the Dow, and its membership has been a long time in the making.
Dow Picked Goldman Sachs, but Investors Should Pass
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