Imminent GM Bankruptcy Should Force A Dow-30 Change

With bankruptcy looking like the end-game for General Motors (NYSE: GM), after bondholders rejected the company's offer to convert into common shares, speculation has again centered around who will replace the once-venerable manufacturer in the Dow Jones Industrial Average, or Dow 30.

There has speculation for some time, with GM and Citi (NYSE: C) both trading in the low single digits, that a move could be coming soon. But as early as April 3rd, a spokesperson from the Dow Jones Indexes said "no announcement is imminent." But a GM bankruptcy, which is likely to come on or before June 1, could force the group to make the must-needed change. And the change could come in multiples not just one, meaning both Citi and GM could be replaced from the index, just as they were both removed from the much-less-important Global Dow not too long ago.

Here is a rundown of who could replace GM and Citi in the symbolically important Dow 30.

• Aetna (NYSE: AET)
  
• Toyata Motors (NYSE: TM)
  
• Bank of New York Mellon (NYSE: BK)
  
• Apple (Nasdaq: AAPL)
  
• Goldman Sachs (NYSE: GS)
  
• Visa (NYSE: V)
  
• Mastercard (NYSE: MA)
  
• Pepsico (NYSE: PEP)
  
• Oracle (Nasdaq: ORCL)
  
• Cisco (Nasdaq: CSCO)
  
• Google (Nasdaq: GOOG)
  
• Northern Trust Corporation (Nasdaq: NTRS)
  
• Wells Fargo (NYSE: WFC)
  
• UnitedHealth Group (NYSE: UNH)

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