5 Biggest Companies That Were Dropped From the Dow Jones Industrial Average (DJIA)

2. Pfizer Inc. (NYSE: PFE

Biotech company Amgen replaced Pfizer in the Dow Jones index in 2020. Estimates show that the company is set to make a whopping $15 billion worth of Covid-19 vaccines in 2021. Pfizer-BioNTech COVID-19 vaccine received green light by the FDA in December 2020.

In 2020, Pfizer expects its revenue to come in between $59.4 billion – $61.4 billion, compared to the Wall Street estimate of $56.3 billion.

A total of 66 hedge funds tracked by Insider Monkey have positions in the company, as of the end of the third quarter.

Read: Were Hedge Funds Right About Pfizer Inc. (PFE)?