Alphabet Is Now Part of the Dow. That's a Big Validation of Greg Abel's Boldest

It's official. Technology giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is now one of the 30 stocks that make up the Dow Jones Industrial Average, replacing Verizon Communications.

In and of itself, it isn't that big of a deal. Standard & Poor's (which manages the Dow) regularly swaps out the index's constituents to ensure this collection of blue chip stocks is a quality cross-section of the United States' economy.

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This most recent switch is a big deal, however, for another reason. That's the fact that it validates Berkshire Hathaway's (NYSE: BRKA)(NYSE: BRKB) recent investment in the very same stock, and points to its likely future.

Berkshire's position in Alphabet wasn't initially established while current CEO Greg Abel was in charge, for the record. It was Warren Buffett who ran Berkshire when the unlikely small purchase was made in the third quarter of last year (Buffett stepped down as chief executive at

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/alphabet-now-part-dow-thats-160500495.html)