Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls – Slashdot | xxxSalesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls – Slashdot – xxx
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Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls – Slashdot

七月 17, 2020 - MorningStar

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Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls - Slashdot Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls - Slashdot Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls - Slashdot Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls - Slashdot

Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls (cnbc.com) 14

Posted by BeauHD from the sign-of-the-times dept.
jmcbain writes: The benchmark Dow Jones Industrial Average, a selection of 30 companies that aims to represent U.S. industries at large, is going to have its largest change in seven years. Notably, Salesforce will replace Exxon on the DJIA (and Amgen and Honeywell will replace Pfizer and Raytheon), marking the end of Exxon’s 92-year stay on the index. CNBC notes that Exxon’s removal is a sign of the times, “as the company — and energy sector broadly — falters, a weakness made all the more apparent by strength in technology names.”

Analysts observe that “five tech stocks — Apple, Microsoft, Amazon, Alphabet and Facebook — are individually larger than the entire U.S. energy sector.” But why is this change happening right now? It’s apparently due to Apple’s upcoming 4-for-1 stock split on August 31, which will significantly reduce the DJIA’s exposure to the technology sector. “Basically Apple — by itself — took the technology [weighting] within the Dow down from 27.6% to 20.3%. It’s a significant decline,” Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC. “By adding Salesforce, you can come back to 23.1% of the Dow being in technology.”

Salesforce To Join Dow Jones, Replacing Exxon, As Tech Rises, Energy Falls

Comments Filter:

    • Re: (Score:3, Informative)

      by Tablizer ( 95088 ) writes:

      Automate spam using fancy tools

      • Automate spam using fancy tools

        Good 5 word summary of what passes for “tech industry” these days.

        • Needs more buzz words to really hit the mark.

          Ai cloud analytic marketing solutions.

          I have no idea what it does but it is needed for a more streamlined business. The salesperson from salesforce said as much and they were very convincing so it must be true!

    • by JBMcB ( 73720 ) writes:

      They make CRM software.

      https://en.wikipedia.org/wiki/… [wikipedia.org]

      If you are a medium or large company that sells to other companies, CRM is very useful.

    • They’re real good at convincing sales people that they’re valuable additions to your software repository. One of our sales folks left for a bit, then came back to the company with a sweeping plan to get Salesforce installed to “clean up our processes.” We’ve had it for years and the only thing I’ve ever seen it do is gather walk-in information for those that are dumb enough to hand over personal details just for daring to enter one of our stores. Then it uses that information to relentlessly hound the ca

  • The Dow is dumb (Score:5, Interesting)

    by Anubis IV ( 1279820 ) writes: on Tuesday August 25, 2020 @04:48PM (#60440213)

    If you’re wondering why a company engaging in a 4-for-1 stock split affects an index, it’s because the DJIA is weighted by stock price, not by market cap or any other sort of weighting that would actually make sense. I.e. If I’m included in the DJIA and my company’s one and only available stock is worth $1 million, my company carries more weight in the index than a company with 1 million stocks each worth $100, which is lunacy.

    Someone doing a 4-for-1 split is like swapping dollar bills for quarters. It’s the same value. But the Dow doesn’t see it that way.

    • … which is lunacy.

      Why? The DJ index is only 30 corporations, obviously not representative of any industry or other grouping of capitalists. It’s job has always been showcasing the feel-good growth of share price. Using it to measure more than where late-adoptors are parking their money, is the lunacy.

    • I was vaguely surprised to learn how primitive the DJIA was. Then I remembered it’s run by business dudes.

      I was once forced to take a business course in undergrad. They were talking about linear programming, in the context of price optimization. Solving the problem started with “draw a very accurate graph on graph paper” and ended with “now take out your ruler and measure….”

      Until that point I thought staring with your mouth open was just a figure of speech.

  • The Dow was a pretty important measure of the stock market 50 or 75 years ago, but it’s not all that relevant today. It gets cited by market watchers more as a matter of tradition than anything else. The S&P 500 is a far more important index because it is the one that many index funds are tied to (including the ones in a huge portion of 401k plans). It’s really the one to watch.

  • Spammerforce gets big name recognition now….

    Thats ok, they’re still firewalled on my mail server.

    204.14.232.0/21
    13.108.0.0/14
    136.147.0.0/16

  • What on Earth does Honeywell do these days?

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