Nike predicted to be removed from Dow Jones within 12 months, replaced by Tesla or Airbnb

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Nike is predicted to be removed from the Dow Jones Industrial Average within the next 12 months, with Tesla or Airbnb seen as the most likely replacements. The forecast follows the recent removal of Verizon Communications and addition of Alphabet to the 30-stock index. Nike's share price has fallen below $40, making it by far the lowest-priced component in the price-weighted Dow and giving it minimal influence. The company also faces persistent sales weakness in China and strained wholesaler relationships amid a multi-year turnaround. Tesla, with a share price of $420.60, would add consumer and energy exposure, while Airbnb, at $143.10, would link the index to the $11.6 trillion travel industry.

Impact on stocks 6

Consumer Discretionary± Mixed · 2 stocks
Nike Inc
NKE
▼ NegativeDemandCapitalrelevance

Persistent sales weakness in China and strained wholesaler relationships

Airbnb Inc
ABNB
▲ PositiveCapitalrelevance

Mentioned as potential Dow replacement, linking index to travel industry

Artificial Intelligence · 2 stocks
Electrification & Mobility · 1 stocks
Tesla Inc
TSLA
▲ PositiveCapitalrelevance

Mentioned as potential Dow replacement, adding consumer and energy exposure

Cloud & Digital Infrastructure · 1 stocks