The Dow Jones Industrial Average has always represented some of most highly capitalized and influential companies in the U.S. economy. While predicting which stocks will be in the index in 25 years is nearly impossible, history might give some clues.
Of the five biggest components in the Dow 25 years ago, only one remains in the index today: IBM. The information technology stock was trading at a price of $27.84 in 1989; over the next quarter-century it morphed from a $54 billion company into a $183 billion company.
Meanwhile, the two biggest Dow components in 1989, Navistar and Eastman Kodak, were removed from the index in 1991 and 2004, respectively. Eastman Kodak traded at a price of $46.25 in 1989; now it trades at a mere $0.03.