“While the fate of General Motors as a company is being debated by legislators and others, investors would agree that GM will be removed from the Dow Jones Industrial Average as the common stock faces the likely prospect of heading to zero despite efforts for a bailout of workers and suppliers,” Mike Havrilla writes for Seeking Alpha.
Among a short list of companies (Abbott Labs, Amgen, Cisco) to consider as a replacement for GM on the Dow, Havrilla also suggests Apple Inc.
Apple (AAPL) has emerged as the technology bellwether and stock market leader, soaring over 900% in the past 10 years and its iPhone is outselling Motorola (MOT) and Research In Motion (RIMM) while its Mac and iPod brands continue to gain market share.
Full article here.