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Strategies & Market Trends : Aardvark Adventures

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Nov 21 3:59 PM EST

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To: ~digs who wrote (225)	4/8/2004 7:40:36 AM
From: ~digs	Read Replies (1) of 7944

Stocks removed from DJIA may perform well - WSJ The WSJ's "Heard on the Street" column discusses the Dow Jones Industrial Average "facelift" that begins today. American International Group, Pfizer and Verizon Communications join the 30-stock Dow industrials. They replace AT&T, Eastman Kodak and International Paper. According to the article, betting on the new stocks would have been the wrong way to go the last time the Dow was revised, in Nov 1999. The four stocks that joined the blue-chip average held up for only about four months after they entered. Then, they flopped and, as a group, were eventually overtaken by the stocks they had replaced, the four stocks that were dropped from the index in 1999 have done better. "When stocks are removed it can be the low point and that can set them up to rebound," says Charles Carlson, a money manager. "My sense is that you probably are going to see Eastman Kodak and AT&T do pretty well this year after they get past this little quagmire," Mr. Carlson says.

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