Indiana Grain Company, LLC

Posted: 09/20/11

By: tomgrisafi

Apple could soon leave the NASDAQ stock exchange.

With shares of the Cupertino, California based company having traded $420 for the first time ever on Tuesday, the Dow Jones Industrial Average now appears to be in Apple's future.

“It’s one of the biggest companies in the US, it seems like it would be reasonable to have it in the Dow,” Philip Silverman, managing partner at Kingsview Management in New York, tells CNBC. “The Dow is not necessarily just industrial companies these days, it’s supposed to be a representation of the very large bluechip companies. Apple is the best company we’ve got.”

“From a standpoint for Apple, it’s great for shareholders, it’s tremendous for the Dow 30, the ripple effects would be tremendous. So let’s bring it on,” adds Todd Schoenberger, managing director at LandColt trading, to the CNBC report. “This is long overdue. Apple should have been added years ago.”

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