I think it should be Apple (NASDAQ: AAPL).
While the fate of General Motors (NYSE: GM) 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. Some companies to consider as a replacement for GM include those listed below.
Abbott Labs (NYSE: ABT) is a consistent performer with diversified healthcare operations, including pharmaceuticals, diagnostics, medical nutrition products, and medical devices/stents.
Amgen (NASDAQ: AMGN) would be an ideal candidate for the initial biotech component in the Dow since its larger rival Genentech was acquired by Roche (OTC: RHHBY) earlier this year.
Apple has emerged as a technology bellwether and American consumer electronics brand icon as its iPhone is outselling Motorola (NYSE: MOT) and Research In Motion (NASDAQ: RIMM) while its Mac and iPod brands continue to gain market share.
Cisco Systems (NASDAQ: CSCO) is closely followed for its guidance on technology spending as the global leader in networking and internet infrastructure.
Disclosures: No Positions.
$133.41 (05/27/09)
