Big Shake-Up in the Dow
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 August 2020
⏱️ 18 minutes
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Summary
The Dow Jones Industrial Average has it’s biggest shake-up in years. Amgen, Honeywell, and Salesforce.com will replace Pfizer, Raytheon Technologies, and ExxonMobil. Jason Moser analyzes the moves, as well as some eye-popping numbers in Best Buy’s 2nd-quarter report. We also dip into the Fool Mailbag to discuss the basket approach to investing.
Transcript
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| 0:00.0 | It's Tuesday August 25th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | The one and only, Jason Moser. |
| 0:09.0 | Good to see you. |
| 0:10.0 | Good to see you. How's everything? |
| 0:11.0 | It's going all right. |
| 0:12.0 | We've got a shake up in the |
| 0:14.3 | Dow Jones industrial average we're going to talk about the basket approach to |
| 0:18.3 | investing but we're going to start today with Best Buy online sales in Best Buy second quarter grew 240%. |
| 0:27.0 | And profits and revenue in the second quarter were higher than expected. |
| 0:32.0 | But once again online sales year over year up |
| 0:36.2 | 240%. The numbers just keep getting bigger for these retailers in terms of |
| 0:40.6 | their online sales growth. Shares at Best Buyer down about 5% today, |
| 0:45.0 | but Jason, I feel like this is |
| 0:48.0 | the Home Electronics and Appliances version of what we saw last week with Home Depot and Lowe's, you know, putting |
| 0:56.1 | upgrade numbers, the stocks selling off the day of the report in part because in the case of Best Buy, it's had a pretty |
| 1:05.6 | amazing run. |
| 1:06.6 | It's up 70% in the past year. |
| 1:09.8 | Yeah, and I mean it wasn't all that long ago. |
| 1:12.4 | I mean, a lot of of us not just at the full but I mean |
| 1:15.5 | in generally in the financial community investing community we're looking at |
... |
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