Penultimate profit prospect

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Penultimate profit prospect (PPP)

The second-lowest-priced of the ten highest-yielding stocks in the Dow Jones Industrial Average that is said (by authors O'Higgins and Downes) to be the Dow stock with the best possibility of outperforming the average as a whole.

Penultimate Profit Prospect

Of the 10 stocks on the DJIA with the highest yields, the stock with the second lowest yield. According to the book, Beating the Dow, the penultimate profit prospect is the most likely of the 10 to beat the Dow over a given period of time. See also: Dogs of the Dow.