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Prediction: Nike Will Be Booted From the Dow Jones Industrial Average Within 12 Months and Replaced by One of 2 Consumer-Facing Giants
The Motley Fool·
Following Alphabet's addition to the Dow Jones Industrial Average this week, analyst predicts Nike will be removed within 12 months due to its low share price (below $40) and weak operating performance, particularly in China. Tesla or Airbnb are identified as likely replacements given their higher share prices and stronger growth trajectories.
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