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Ford has been sliding for 5 years: https://finance.yahoo.com/quote/F?ql=1&p=F https://finance.yahoo.com/quote/F?ql=1&p=F GE has been in freefall: https://finan

Ford has been sliding for 5 years: https://finance.yahoo.com/quote/F?ql=1&p=F https://finance.yahoo.com/quote/F?ql=1&p=F GE has been in freefall: https://finance.yahoo.com/quote/GE?p=GE&.tsrc=fin-srch https://finance.yahoo.com/quote/GE?p=GE&.tsrc=fin-srch Honeywell has basically been stagnate since January: https://finance.yahoo.com/quote/HON?p=HON&.tsrc=fin-srch https://finance.yahoo.com/quote/HON?p=HON&.tsrc=fin-srch Same with 3M: https://finance.yahoo.com/quote/MMM?p=MMM&.tsrc=fin-srch https://finance.yahoo.com/quote/MMM?p=MMM&.tsrc=fin-srch The S&P500 index as a whole has crept up a little but many of them are struggling. Edit: I can't figure out how to get it to link to the 5 year charts, which is how I was looking at it.

toomuchtodo 8y ago
What about Walgreens (with their recent replacement of GE on the DJIA)? Edit: Yep, Walgreens also not much higher vs 5 years ago. https://finance.yahoo.com/quote/WBA?p=WBA https://finance.yahoo.com/quote/WBA?p=WBA
- scrooched_moose 8y ago
  They're down about 10% on the year: https://finance.yahoo.com/quote/WBA?p=WBA&.tsrc=fin-srch https://finance.yahoo.com/quote/WBA?p=WBA&.tsrc=fin-srch Also hadn't seen that news. Interesting.
  - toomuchtodo 8y ago
    GE long term is dead as an industrial conglomerate powerhouse, destined to be parted out. Jack Welch turned them into a bank, and then they divested the bank (now Synchrony). Very disappointing.
    - ericd 8y ago
      Interesting, I didn't realize they had multiple retail banks (GE Capital Bank became Marcus, Goldman Sachs' retail bank).
      - toomuchtodo 8y ago
        GE Capital’s deposits platform went to Goldman, the lending went to Synchrony. I don’t have the background on why it wasn’t acquired as a whole, but I’m sure the information exists online.
        ericd 8y ago
        Oh, I see. Was never very impressed with Synchrony. They used to address all my mail to Null Null, a bit disconcerting for an organization who ostensibly has to program systems to keep track of how much money they need to give me back.
        jessaustin 8y ago
        "We will make a list of our clients, and how much money each of them has given us to invest. We will keep this list in a safe place. If we have time, we will make a copy of the list, in case something happens to the first list."
    - ThenAsNow 8y ago
      So at least to GE's credit, the end of Welch's tenure and during Immelt's GE solidified its position at the pinnacle of aeropropulsion and related research (namely, GE Global R&D). Until recently, GE had maintained this excellent reputation and while Schenectady is not desirable for everyone, for those in the physical engineering realms, a GE Global R&D position was coveted and brought it with it significant cachet. Apparently not any more. They've laid off quite a few staff involved in bringing serious technology to fruition (e.g., Ceramic Matrix Composites in gas turbine hot sections). This recent activist shareholder garbage once again brings us back to the persistent theme of destroying the seed corn in favor of short-term returns. It's a real travesty.
jedberg 8y ago
It's interesting if you look at the winners and losers in the S&P500, most of the winners are new tech, most of the losers are old tech or non-tech. So the question is, are the new-tech companies the only thing propping up the S&P500, or are they truly the "new economy" and will continue to thrive while all others fail?
- mistermann 8y ago
  This sounds pretty familiar to the broader economy and labor force. New economy companies on the coats are killing it, enough to make overall GDP look spectacular, but if you look behind that impressive headline number and the corresponding don't worry be happy cheerleading, things don't look so pretty. I sometimes wonder if this inconsistency between perspective of view of the same reality might also have an effect on individual opinions.
onlyrealcuzzo 8y ago
Yeah, FAANG+M and the banks make up the vast majority of the rise in the stock market. Mostly because of tax cuts, stock buybacks, and interest rates going up.

toomuchtodo 8y ago

What about Walgreens (with their recent replacement of GE on the DJIA)? Edit: Yep, Walgreens also not much higher vs 5 years ago. https://finance.yahoo.com/quote/WBA?p=WBA https://finance.yahoo.com/quote/WBA?p=WBA

scrooched_moose 8y ago
They're down about 10% on the year: https://finance.yahoo.com/quote/WBA?p=WBA&.tsrc=fin-srch https://finance.yahoo.com/quote/WBA?p=WBA&.tsrc=fin-srch Also hadn't seen that news. Interesting.
- toomuchtodo 8y ago
  GE long term is dead as an industrial conglomerate powerhouse, destined to be parted out. Jack Welch turned them into a bank, and then they divested the bank (now Synchrony). Very disappointing.
  - ericd 8y ago
    Interesting, I didn't realize they had multiple retail banks (GE Capital Bank became Marcus, Goldman Sachs' retail bank).
    - toomuchtodo 8y ago
      GE Capital’s deposits platform went to Goldman, the lending went to Synchrony. I don’t have the background on why it wasn’t acquired as a whole, but I’m sure the information exists online.
      - ericd 8y ago
        Oh, I see. Was never very impressed with Synchrony. They used to address all my mail to Null Null, a bit disconcerting for an organization who ostensibly has to program systems to keep track of how much money they need to give me back.
        jessaustin 8y ago
        "We will make a list of our clients, and how much money each of them has given us to invest. We will keep this list in a safe place. If we have time, we will make a copy of the list, in case something happens to the first list."
  - ThenAsNow 8y ago
    So at least to GE's credit, the end of Welch's tenure and during Immelt's GE solidified its position at the pinnacle of aeropropulsion and related research (namely, GE Global R&D). Until recently, GE had maintained this excellent reputation and while Schenectady is not desirable for everyone, for those in the physical engineering realms, a GE Global R&D position was coveted and brought it with it significant cachet. Apparently not any more. They've laid off quite a few staff involved in bringing serious technology to fruition (e.g., Ceramic Matrix Composites in gas turbine hot sections). This recent activist shareholder garbage once again brings us back to the persistent theme of destroying the seed corn in favor of short-term returns. It's a real travesty.

jedberg 8y ago

It's interesting if you look at the winners and losers in the S&P500, most of the winners are new tech, most of the losers are old tech or non-tech. So the question is, are the new-tech companies the only thing propping up the S&P500, or are they truly the "new economy" and will continue to thrive while all others fail?

mistermann 8y ago
This sounds pretty familiar to the broader economy and labor force. New economy companies on the coats are killing it, enough to make overall GDP look spectacular, but if you look behind that impressive headline number and the corresponding don't worry be happy cheerleading, things don't look so pretty. I sometimes wonder if this inconsistency between perspective of view of the same reality might also have an effect on individual opinions.

onlyrealcuzzo 8y ago

Yeah, FAANG+M and the banks make up the vast majority of the rise in the stock market. Mostly because of tax cuts, stock buybacks, and interest rates going up.