Rumor Apple (AAPL) May Finally Get Added to Dow 30

There is chatter Monday that Apple (NASDAQ: AAPL) may finally get added to the venerable Dow Jones Industrial Average.

The addition to the popular average is long overdue. The reason it was left out in the past was because the Dow is a price-weighted index. Apple's pre-split price of over $700 per share essentially made it impossible to add. However, if Apple were added today, at around $132 per share, it would be the 6th priciest stock in the Dow 30, behind Visa (NYSE: V) (which is implementing a stock split), Goldman Sachs (NYSE: GS), 3M (NYSE: MMM), IBM (NYSE: IBM), and Boeing (NYSE: BA).

If Apple were in fact added to the Dow, it may replace United Technologies (NYSE: UTX), IBM (NYSE: IBM), Cisco (NASDAQ: CSCO), or American Express (NYSE: AXP).

The last big shake-up of the Dow was in September of 2013, when Goldman Sachs, Visa and Nike (NYSE: NKE) were added, replacing Bank of America (NYSE: BAC), Alcoa (NYSE: AA) and HP (NYSE: HPQ).

Notably, Apple's market cap at $770 billion is more than double the next largest Dow component - Exxon Mobil (NYSE: XOM), which is at $375 billion.

Shares of Apple traded at a new high of $132.31 today, up over 2%.

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