The Dow’s 1-for-11 Streak

I just looked at some recent data and found that ten of the last 11 stocks added to the Dow Jones Industrial Average have under-performed the index since their addition date.

Company Ticker Date Added Gain/Loss Dow’s Gain/Loss
Home Depot HD 01-Nov-99 -42.14% -2.19%
Intel INTC 01-Nov-99 -52.63% -2.19%
Microsoft MSFT 01-Nov-99 -48.02% -2.19%
AT&T T 01-Nov-99 -47.53% -2.19%
Pfizer PFE 08-Apr-04 -52.89% -0.26%
Verizon VZ 08-Apr-04 -7.80% -0.26%
Bank of America BAC 19-Feb-08 -68.36% -15.58%
Chevron CVX 19-Feb-08 -8.81% -15.58%
Kraft Foods KFT 22-Sep-08 -7.10% -5.45%
Cisco Systems CSCO 08-Jun-09 3.72% 18.83%
Travelers TRV 08-Jun-09 14.46% 18.83%

Note that AT&T was added as SBC Communications.

Posted by on September 10th, 2010 at 11:41 am


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