NEW YORK (TheStreet) -- Shares of Apple (AAPL) - Get Report are slightly lower at $128.28 this morning as it begins trading on the Dow Jones Industrial Average.

Some are wondering if Apple will overcome the "Dow curse." Historical data shows that inclusion into the Dow is can be more of a curse than blessing.

Since 1999, the Dow Jones Averages Committee approved 15 additions to the index. One month later, nine of the 15 new components lost on average 6.3%. The remaining six components gained 3.3% on average. The average loss of all new Dow Jones components one month later was 2.5%.

"As long as Apple stays above that $120-to-$123 resistance level, it has a good chance of fending off the Dow curse and even rally to test resistance around $140. Sustained trade below $120 would be a warning signal. The risk of a selloff will increase if Apple gets closer to 140," TheStreet's contributor Simon Maierhofer said.

Others have evaluated the new dynamic of the stock in this index.

With a market-cap at about $748.3 billion, more than twice the size of any other company in any other industry, it will take a backseat closer to the fifth-highest weighting in the index, according to the Wall Street Journal.

After accounting for Visa's (V) - Get Report 4-1 stock split, Apple's stock, using Wednesday's closing price of $128.47, will be behind Goldman Sachs Group (GS) - Get Report, 3MCo. (MMM) - Get Report, IBM Corp. (IBM) - Get Report, and Boeing Co. (BA) - Get Report, the Journal notes.

"The Dow is very strangely constructed," National Securities Corp. strategist Donald Selkin told Bloomberg. "You have the company with by far the highest market capitalization as the fifth-most influential stock in the index. The Dow is not exactly made up of the companies that best show where the economy is, it's bizarre."

Insight from TheStreet's Research Team:

Apple is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Recently, after Apple's plan to launch a Web TV service was reported, Jim Cramer, Portfolio Manager and Jack Mohr, Director of Research - Action Alerts PLUS issued an alert.

Here's what they had to say:

The Wall Street Journal is reporting that Apple plans to launch a Web TV service in the fall. Given Apple's growing TV ambitions over the past several years, combined with its announcement last week to offer HBO NOW in April, we believe an Apple TV streaming service will soon become a reality, as the WSJ article suggests. In our view, Apple is paving the way for grander ambitions in the TV market, as we believe ordering channels on an a-la-carte basis with HBO NOW or in smaller bundles through a streaming TV service will be the way of the future.

There's no question that the current pay TV model remains antiquated, expensive, over-bundled and in dire need of sweeping changes. In our view, Apple remains one of the few companies in the world that has the potential to truly transform the TV industry, and we believe that -- after nearly five years of whispers -- consumers are finally ready for a change.

Last night's WSJ article suggested Apple would announce the new service in June and launch in September, with approximately 25 channels, including ABC, CBS and Fox. The article highlights a monthly price of approximately $30 to $40, above the $20 for Dish Network's(DISH) competing Sling TV product. Unsurprisingly, the article points out that Apple's streaming service would not only be available on Apple TV but across other Apple devices using the iOS operating system.

We believe last week's unveiling of HBO NOW was an appropriate precursor for announcing a streaming TV product. We believe the potential of these two offerings pave the way for even bigger ambitions for Apple, with a full-blown Apple TV that allows the company to completely control the user's media experience. We reiterate our $150 target.

 - Jim Cramer and Jack Mohr, 'Apple's Web TV Is Worth Watching' originally published 3/17/2015 on ActionAlertsPLUS.com.

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TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results." You can view the full analysis from the report here: AAPL Ratings Report