Here's one example:
On March 19 2015: AT&T was kicked out of Dow Jones to give way to Apple. Here's what AT&T has done since then
AT&T has delivered pretty impressive rally of 18-19% in last 10.5 months. This rally has come despite brutal market environment.
Here's how Apple stock has performed since joining Dow
Apple stock is down 20-22% since the time it joined Dow. But why blame Apple? Look at how it performed over 52 weeks prior to joining the index. The stock was up more than 60%.
BUT What an underperformance in Apple stock post joining Dow Jones. You will be surprised to know that this is a trend and CNBC covered this way back in March 2015
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers