110 Years Is A Great Run!
This is a Symbol Surfing Post from Tue, Jun 19, 2018.
GE has been a Dow Component continuously since November 7, 1907.
That's a great run.
But it's over now.
Initially, it seems like a bad thing.
There is a silver lining though.
"Now that GE is now longer a Dow component the company will likely split into more than one diversified entity. On a broader scale GE Industrial Businesses include aviation, oil & gas, renewable energy, healthcare, lighting, energy management, transportation and power. GE Financial Services is what’s left of GE Capital. I will not speculate on how this conglomerate can be restructured, but if they do it will be on the theory that the sum of the parts will be bigger than the whole."
Investors Should Take A Fresh Look At GE As It Leaves The Dow Next Week
Over the years, other companies have been removed from the iconic index.
Below are a couple of examples of success after leaving the Dow 30.
For example, Bank Of America has doubled since being kicked out in 2013.
Also, Honeywell has almost tripled since being kicked out in 2008.
S&P said GE will be replaced by Walgreens (WBA) on June 26, 2018.
Tue, Jun 19, 2018 GE @ $12.95
Tue, Jun 19, 2018 WBA @ $64.61
Tue, Jun 19, 2018 BAC @ $29.26
Tue, Jun 19, 2018 HON @ $147.28
Is This A Bottom & Reversal? Wed, Jul 11, 2018
This Flooring Stock Could Move Higher Tue, Jul 10, 2018
The Power Of A Big Announcement Fri, Jul 6, 2018
I Was Right...But I Didn't Buy :-( Fri, Jun 29, 2018
Clapping Back On Day 1 Tue, Jun 26, 2018
I'm Taking Profits Today Thu, Jun 14, 2018
Paid For Github In 1 day. Cool. Mon, Jun 4, 2018
Walmart "Prime"? For Free? Wed, May 16, 2018
I Use PayPal But I Am Buying The Stock Anyway. Thu, Apr 26, 2018
I Cashed Out. Fri, Apr 20, 2018