FYI: In sports, it’s common for good teams to have a clutch player they can count on at big moments to take the team to the next level. For the DJIA, Boeing (BA) has been that player. Boeing has accounted for more than a quarter of the DJIA’s 10%+ return this year, and in July alone, BA was responsible for more than half of the index’s 2.5% gain. Because the DJIA is price-weighted and BA has the highest share price in the index, it is also the stock with the largest weighting, but even taking that into account, BA has out-pulled its weight by several orders of magnitude.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/boeing-puts-the-dow-on-its-shoulders/
