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Post by yogibearbull on Feb 21, 2024 2:23:16 GMT
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Post by anitya on Feb 21, 2024 3:35:36 GMT
Good time to buy the falling (or fallen) knife WBA!
WBA replaced GE and GE did well. May be sell AMZN and add WBA?
I do not have a good comprehension of why WMT split should kick WBA out not that WBA is a blue chip.
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Post by yogibearbull on Feb 21, 2024 12:06:07 GMT
There were guesses that WMT split will cause some change in DJIA. Because it is price-weighted index, the higher-priced stocks have greater influence on its movements vs market-cap weighted index. S&P/DJ index committee (yes, there is such a thing) monitors this. WMT is both in retail and online (so, retail + fintech), so suddenly, the 3-for-1 split reduced the weight of those areas. While AMZN seems like a logical choice, somebody had to be kicked out to make room, and WBA has almost been asking for it (by how it has been doing). Edit/Add. WBA topped the list of 2024 Dogs of the Dow (ETF DOGG at high 75 bps). Now it will be VZ after the change. www.kiplinger.com/investing/what-are-the-dogs-of-the-dow-for-2024 |
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Post by Chahta on Feb 21, 2024 12:28:08 GMT
I know divs don’t count in the DJIA makeup, but “blue chip” almost indicates a dividend paying stock.
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Post by chang on Feb 21, 2024 12:57:12 GMT
I know divs don’t count in the DJIA makeup, but “blue chip” almost indicates a dividend paying stock. I don’t know what “blue chip” means now. TRP and Fido’s “Blue Chip Growth” funds are very growthy-techy with little dividends. |
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Post by uncleharley on Feb 21, 2024 13:10:31 GMT
Good time to buy the falling (or fallen) knife WBA! WBA replaced GE and GE did well. May be sell AMZN and add WBA? I do not have a good comprehension of why WMT split should kick WBA out not that WBA is a blue chip. The daily chart for WBA does appear to have established a bottom at about $19.45. I would like to see a catalyst for an advance before buying, but I am not known for my patience. |
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Post by richardsok on Feb 21, 2024 13:26:23 GMT
TipRanks ---
WBA 5/10 CVS 9/10
HSBC just downgraded WBS to 'Reduce'
FWIW, I own CVS.
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Post by Chahta on Feb 21, 2024 14:00:55 GMT
I know divs don’t count in the DJIA makeup, but “blue chip” almost indicates a dividend paying stock. I don’t know what “blue chip” means now. TRP and Fido’s “Blue Chip Growth” funds are very growthy-techy with little dividends. Well I am an old time dude. Blue Chip used to refer to DJIA. |
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Post by steelpony10 on Feb 21, 2024 16:50:33 GMT
Chahta , I think blue chip now seems to be smaller long term growth but less volatility. Too big to move share prices either way. You won’t see NVDA, META etc. on there for a number of years probably.
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Post by Chahta on Feb 22, 2024 0:21:56 GMT
Chahta , I think blue chip now seems to be smaller long term growth but less volatility. Too big to move share prices either way. You won’t see NVDA, META etc. on there for a number of years probably. But my mind tells me Amazon is a QQQ tech growth stock, paying NO DIVS. Amazon being stingy since it is the only one not paying. Per dividend.com: "For investors seeking well established blue chip stocks, the 30 stocks in the Dow Jones Industrial Average can be a great choice. All 30 of these stocks pay a regular dividend, but not all of the components offer an attractive yield" |
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Post by steelpony10 on Feb 22, 2024 1:24:03 GMT
Chahta , I always looked at DOW stocks as the most solid risk free single equities relative to that category. Never thought about dividends at all. I also think single equities are the most risky of all investments. Nobody brags about bond or equity funds at a party. Personal opinion for sure. My remaining three are all in there now after years.
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