WBA - Amazon Replacing Walgreens In Dow Jones Industrial Might Not Be A Great Thing: 'Will History Repeat Itself?' | Benzinga
Amazon Inc. (NASDAQ:AMZN) is set to join the Dow Jones Industrial Average (DJIA), a move that may not be as favorable for the company as it appears.
What Happened: During CNBC’s Last Call, host Brian Sullivan expressed that Amazon replacing Walgreens Boots Alliance Inc. (NASDAQ:WBA) in the DJIA before the market opens on Feb. 26 might not be positive news for Amazon.
Sullivan compared Amazon with other Magnificent 7 stocks like Microsoft and Apple, who, after joining DJIA, experienced a flat stock situation for several years before spiking.
For Apple, the first two years after joining DJIA was “dead money” while Microsoft saw a flat stock for almost 15 years on the index.
“Will history repeat itself for Amazon?” Sullivan raised the question.