Charles B. Carlson, CFA

Walgreens joins Dow Jones Industrial Average

Walgreens Boots Alliance (WBA) joined the Dow Jones Industrial Average, effective with the opening of trading on Tuesday, June 26, 2018. Walgreens replaced General Electric (GE).

Do changes to the Dow affect the Dow Underdog strategies? The historical results of my "worst-to-first" strategies were based on holding a basket of Underdog stocks for 12 months, regardless if a stock was removed from the Dow during the holding period. Thus, to be consistent with my strategy, investors who purchase a basket of the Dow Underdogs should keep that basket intact for the full 12-month holding period even if the stocks are removed from the Dow.

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