Dollar General to Join S&P 500

by Christopher Freeburn | November 27, 2012 10:35 am

[1]After the end of trading on Friday, Dollar General (NYSE:DG[2]) will become part of the[3] S&P 500. The discount retail chain will replace Cooper Industries (NYSE:CBE[4]) on the market index, the Associated Press noted.

Dollar General operates more than 10,000 stores nationwide.  In September, it reported second-quarter earnings that beat Wall Street expectations[5], on revenue that rose more than 10% compared to the prior year.

The chain competes with other similarly-named discount chains, including Dollar Tree (NASDAQ:DLTR[6]) and Family Dollar (NYSE:FDO[7]), as well as larger discount retailers including Target (NYSE:TGT[8]) and Wal-Mart (NYSE:WMT[9]).

Cooper Industries is being acquired by Eaton Corp. (NYSE:ETN[10]) and will re-incorporate in Ireland as Eaton Global Corp[11]. PLC.

Shares of Dollar General rose about 1% in Tuesday morning trading.

  1. [Image]:
  2. DG:
  3. will become part of the:
  4. CBE:
  5. that beat Wall Street expectations:
  6. DLTR:
  7. FDO:
  8. TGT:
  9. WMT:
  10. ETN:
  11. re-incorporate in Ireland as Eaton Global Corp:

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