Alphabet Replaces Verizon in Dow Jones Industrial Average
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: stocktwits
- DJIA Changes: Alphabet will replace Verizon in the Dow Jones Industrial Average before the market opens on June 29, enhancing the index's exposure to AI, cloud computing, and digital services, reflecting the diversification of the U.S. economy.
- Stock Reactions: Following the announcement, Alphabet (GOOGL) shares rose 1.1% in after-hours trading, while Verizon (VZ) fell 0.45%, indicating a positive market reaction to Alphabet's inclusion in the index.
- Honeywell Restructuring: Honeywell International will remain in the DJIA under the new name Honeywell Technologies after spinning off its aerospace unit, which will not be included in the index, demonstrating ongoing strategic restructuring efforts.
- Retail Sentiment Analysis: On Stocktwits, retail sentiment for GOOGL remained bullish, with message volume surging over 950% in the past 30 days, reflecting investor optimism about Alphabet's entry into the DJIA and speculation of a potential move towards the $400 level.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 349.680
Low
305.00
Averages
374.25
High
400.00
Current: 349.680
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Divergence: While the large-scale investment may yield long-term benefits, investors are divided on whether Alphabet can convert aggressive spending into durable earnings power, which could impact its stock performance.
- Market Performance Scrutiny: As of June 6, 2026, Alphabet's stock price performance is under scrutiny, especially after it failed to make the Motley Fool Stock Advisor's list of the top 10 stocks, challenging investor confidence in its future growth.
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See More
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- Price Influence Analysis: With a share price of $46.73, Verizon was the second lowest in the Dow, contributing only 287.7 points to the index, while Alphabet's share price of $346.13 will make it the sixth most influential component, significantly boosting the index's weight.
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See More
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- Industry Comparison: Meta remains the only major U.S. AI developer that has not established an assessment partnership with the federal government, while competitors like OpenAI and Anthropic have agreements in place, potentially impacting Meta's competitive position in the industry.
- Regulatory Policy Shift: The executive order signed by the Trump administration expands oversight of AI systems, mandating tech companies to allow federal officials to evaluate their models before public release, which will directly affect Meta's AI product rollout.
- Market Sentiment Fluctuation: Despite a 14.6% year-to-date decline in META's stock price, retail sentiment on Stocktwits appears 'bearish', with message volumes surging 300% from the previous session, indicating heightened market attention on its future performance.
See More
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- DJIA Changes: Alphabet will replace Verizon in the Dow Jones Industrial Average before the market opens on June 29, enhancing the index's exposure to AI, cloud computing, and digital services, reflecting the diversification of the U.S. economy.
- Stock Reactions: Following the announcement, Alphabet (GOOGL) shares rose 1.1% in after-hours trading, while Verizon (VZ) fell 0.45%, indicating a positive market reaction to Alphabet's inclusion in the index.
- Honeywell Restructuring: Honeywell International will remain in the DJIA under the new name Honeywell Technologies after spinning off its aerospace unit, which will not be included in the index, demonstrating ongoing strategic restructuring efforts.
- Retail Sentiment Analysis: On Stocktwits, retail sentiment for GOOGL remained bullish, with message volume surging over 950% in the past 30 days, reflecting investor optimism about Alphabet's entry into the DJIA and speculation of a potential move towards the $400 level.
See More
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- Change in Reporting Channels: SpaceX has opted to share its quarterly and annual financial results via its investor relations website and X account instead of traditional news release services, while still filing necessary information with the SEC, which requires investors to monitor the company's updates more actively.
- Successful IPO and Fundraising: Recently, SpaceX completed an IPO of 638.9 million shares at $135 per share, raising approximately $85.7 billion, highlighting its strong appeal in capital markets and the significance of its business scale.
- Starlink User Growth: As of the first quarter of fiscal 2026, Starlink had about 10.3 million subscribers across 164 countries, although the average revenue per user has decreased from $99 in 2023 to $66 in 2026, indicating that growth may not fully translate into revenue.
- AI Infrastructure Contracts: SpaceX has secured a deal with Alphabet's Google to receive $920 million per month from October 2026 to June 2029 for computing capacity involving roughly 110,000 Nvidia GPUs, although the contract includes a 90-day termination notice, adding uncertainty to the business.
See More
