Skip to comments.GE booted from the Dow, to be replaced by Walgreens
Posted on 06/19/2018 3:24:17 PM PDT by NohSpinZone
* Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance.
* GE was one of the original components of the Dow Jones industrial average of 30 stocks in 1896.
(Excerpt) Read more at cnbc.com ...
People were sad at GE when he left......
What does Walgreens have to do with Industrial?
The Dow is a joke.
Karma is a female dog in heat.
The Generals used to own every aspect of our retail lives.
General Electric. General Mills. General Motors.
But not anymore.
I’m sure they’re sadder about the state of their pensions and the price of the company stock.
So many large businesses have fallen to the dark side of PC.
This goes back to Jack Welch, destroyer of worlds.
i like walgreens and shop there, but it is hardly an Industrial company...
whereas GE mostly is an industrial company
this doesn’t make much sense and...
the DJIA ain’t what it used to be (a quick, albeit indirect but still useful measure of USA industrial production). i guess DJ has given up on producing stuff in USA? MAGA says otherwise, we are trying to regain, restore, resurrect, expand our industrial production base now. selling pain pills and crutches to sick old people is a wonderful business, one I have to patronize all too much..alas.. but it is not industrial production, really
Apparently Obama isn’t around to steer any more bailout money.
I agree. How can the Dow be an indicator when it keeps changing over the years?
Too Bad GE leadership don’t have live in the mess they created by selling out to china while not paying any taxes yet funding politicians who want to raise DOMESTIC taxes....
I feel sorry for the GE employees, the top management can ESAD!
The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The index covers all industries except transportation and utilities.
Your lack of knowledge is a joke.
It’s a bit like the global warming “scientists” gluing all of their proxies together to show the long term trends.
As far as I can tell, the Dow mostly shows how the gov’t has inflated the dollar.
It doesn’t seem all that long ago that GE had the largest market cap.
Hey, Immelt happens.
The Dollar General is still going strong.
“The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. “
The Dow is a bogus long term indicator, much like Global Warming proxies.
The DJI is a blue chip index. The word “industrial” is a traditional holdover name from many years ago.
Walgreens Boot Alliance has a market cap of $62 billion, revenue of over $100 billion, and earnings over $5 billion.
Your comment is plain stupid.
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