Altucher's Speculation of New Dow Components: Goldman Sachs & Cisco Systems
Submitted by Frank Lara Jr on Thu, 03/12/2009 - 16:12.
in
theStreet.com's James Altucher speculates Goldman (NYSE:GS) and Cisco (NASDAQ:CSCO) could replace GM and Citigroup (NYSE:C) -- not a bad bet.
How much longer can Citi and GM remain as Dow Jones Components and which companies could take their place? Well, quite a few could take their place, but which companies are best suited to take the coveted positions? James Altucher from theStreet.com put together a quick video under 2 minutes that is worth watching and I would suspect his speculation starts to get more attention as GM and Citigroup continue to plunge or become owned 100% by the U.S. Taxpayer.
Goldman and Cisco Systems are two great choices, next I would place Google Inc. (NASDAQ:GOOG), but the solid choices for investments at this point and speculation they could end up in the Dow Jones would be GS and CSCO.
|
Company |
Exchange |
Symbol |
Last price |
Quote change |
Market cap |
||
| Goldman Sachs Group, Inc. | NYSE | GS | $97.25 | +4.86 | (5.26%) | 44.91B | |
| Cisco Systems, Inc. | NASDAQ | CSCO | $15.51 | +0.49 | (3.26%) | 90.53B | |
| Citigroup Inc. | NYSE | C | $1.67 | +0.13 | (8.44%) | 9.15B | |
| General Motors Corporation | NYSE | GM | $2.18 | +0.32 | (17.20%) | 1.33B | |
Enjoy the video, great work Altucher:
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