I Correctly Predicted Alphabet Would Join the Dow Jones Industrial Average in June. Here's What the Index Shake-Up Means for Investors.

Honeywell International (NASDAQ: HON) is spinning off Honeywell Aerospace on June 29 as the final phase of breaking up its conglomerate structure to accelerate growth. In May, I predicted that Honeywell's spin-off would trigger a shake-up of the Dow Jones Industrial Average (DJINDICES: ^DJI) that would open the perfect window for Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to join the index.The prediction came true on June 23, when S&P Dow Jones Indices announced that while the streamlined Honeywell Technologies would remain in the Dow, Alphabet would replace Verizon Communications (NYSE: VZ) before the start of trading on June 29.Here's what the news means for the Dow and for Alphabet investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool