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Stocks that leave the Dow tend to outperform after their exit from the average, history shows

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New for subscribers: Stocks that leave the Dow tend to outperform after their exit from the average, history shows Check out CNBCPro today.

will replace Exxon, Pfizer and Raytheon in the Dow average. The changes will take effect on Aug. 31, the same day as Apple's stock split, and will mark the first time the Dow experienced three simultaneous stock replacements since 2013.

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