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Jan. 3, 2018, 6:59 a.m. EST

Biggest Dow winners and losers in 2017: Boeing soars to record levels, GE slumps

Boeing shares have enjoyed a 90% gain in 2017, while venerable blue chip GE has languished

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By Ciara Linnane and Tomi Kilgore, MarketWatch

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Trump has since reversed his stance on those policies, and even visited the company’s South Carolina plant in February to “celebrate jobs.” Boeing is now in takeover talks with Brazilian aircraft maker Embraer SA /zigman2/quotes/201576050/delayed BR:EMBR3 -7.46% , the largest maker of regional jets, a move that would boost its competitive edge on rival Airbus, which recently announced a similar deal to buy a majority stake in a jetliner program run by Canada’s Bombardier /zigman2/quotes/208994866/delayed CA:BBD.B -13.99% , as The Wall Street Journal has reported.

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At Boeing, Trump Promises More Jobs, U.S. Manufacturing

President Trump praised airplane manufacturer Boeing on Friday, and expressed plans to build up the U.S. military. Photo: AP

Ten best performers on the Dow Jones Industrial Average in 2017

Ticker Co. name % gain
BA Boeing Co. 89.4
CAT Caterpillar Inc. 69.9
V Visa Inc. 46.1
AAPL Apple Inc. 46.1
WMT Wal-Mart Stores Inc. 42.9
MCD McDonald’s Corp. 41.4
HD Home Depot Inc. 41.4
UNH UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH   37.8
MSFT Microsoft Corp. /zigman2/quotes/207732364/composite MSFT   37.7
AXP American Express Co. /zigman2/quotes/203805826/composite AXP   34.1
Source: MarketWatch, FactSet

On the other end of the spectrum is another old-economy company, General Electric Co. /zigman2/quotes/208495069/composite GE -1.24%  , which ended an annus horribilis down nearly 45%, after tumbling 17% in October alone to mark its worst one-month selloff since the depths of the Great Recession. Investors appeared unimpressed by new CEO John Flannery’s turnaround plan unveiled in November, sending the stock down another 9%.

/zigman2/quotes/208495069/composite GE 64.55, -0.81, -1.24%
General Electric Co.

GE’s stock was already on a downtrend on Aug. 1, when the company announced the sudden departure of then–Chief Executive Jeffry Immelt after a 16-year run at the top. Immelt had worked to reshape the company in the wake of the 2008 financial crisis by jettisoning its financial arm to refocus on core industrial business lines.

Immelt fought aggressively to make the company more digital, hiring hundreds of software engineers and moving the company’s headquarters to Massachusetts from Connecticut to be closer to talent emerging from that state’s highly regarded universities. But the company’s stock failed to respond to his strategic moves and was the worst Dow performer during his tenure.

Also: GE credit downgraded at Moody’s because of ‘severe deterioration’ of finances

Flannery has placed stock performance at the center of his transformation plan, which includes a shrinking of the company’s portfolio of businesses, a focus on cash generation and returns and cost cuts.

Don’t miss: GE’s stock plunges again as another analyst abandons bullish view

Read on: GE’s stock falls toward Fibonacci support level as charts suggest worst may be over

Ten worst performers on the Dow Jones Industrial Average in 2017

Ticker Co. name % change
GE General Electric Co. -44.8
IBM International Business Machines Corp. /zigman2/quotes/203856914/composite IBM   -7.6
XOM Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM   -7.3
MRK Merck & Co. Inc. /zigman2/quotes/209956077/composite MRK   -4.4
VZ Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ   -0.8
DIS Walt Disney Co. /zigman2/quotes/203410047/composite DIS   3.2
CVX Chevron Corp. /zigman2/quotes/205871374/composite CVX   6.4
GS Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS   6.4
PG Procter & Gamble Co. /zigman2/quotes/202894679/composite PG   9.3
TRV The Coca-Cola Co. /zigman2/quotes/209159848/composite KO   10.7
Source: MarketWatch, FactSet
/zigman2/quotes/201576050/delayed
BR : Brazil: Bovespa
R$ 12.66
-1.02 -7.46%
Volume: 12.64M
Sept. 23, 2022 5:07p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
R$9.30 billion
Rev. per Employee
R$1.32M
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/zigman2/quotes/208994866/delayed
CA : Canada: Toronto
$ 26.37
-4.29 -13.99%
Volume: 669,864
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 513.61
-3.85 -0.74%
Volume: 2.54M
Sept. 23, 2022 4:00p
P/E Ratio
26.82
Dividend Yield
1.29%
Market Cap
$480.42 billion
Rev. per Employee
$875,889
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 237.92
-3.06 -1.27%
Volume: 34.18M
Sept. 23, 2022 4:00p
P/E Ratio
24.67
Dividend Yield
1.14%
Market Cap
$1774.38 billion
Rev. per Employee
$897,149
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 140.26
-2.77 -1.94%
Volume: 3.04M
Sept. 23, 2022 4:03p
P/E Ratio
14.39
Dividend Yield
1.48%
Market Cap
$105.16 billion
Rev. per Employee
$774,469
loading...
/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 64.55
-0.81 -1.24%
Volume: 8.18M
Sept. 23, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.50%
Market Cap
$70.78 billion
Rev. per Employee
$445,048
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 122.71
-2.60 -2.07%
Volume: 5.20M
Sept. 23, 2022 4:00p
P/E Ratio
19.94
Dividend Yield
5.38%
Market Cap
$110.83 billion
Rev. per Employee
$208,205
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 85.75
-4.82 -5.32%
Volume: 27.74M
Sept. 23, 2022 4:03p
P/E Ratio
9.37
Dividend Yield
4.10%
Market Cap
$357.37 billion
Rev. per Employee
$5.69M
loading...
/zigman2/quotes/209956077/composite
US : U.S.: NYSE
$ 86.78
-0.73 -0.83%
Volume: 9.04M
Sept. 23, 2022 4:03p
P/E Ratio
13.28
Dividend Yield
3.18%
Market Cap
$219.84 billion
Rev. per Employee
$850,324
loading...
/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 39.52
-0.41 -1.03%
Volume: 19.44M
Sept. 23, 2022 4:00p
P/E Ratio
7.94
Dividend Yield
6.60%
Market Cap
$165.97 billion
Rev. per Employee
$1.13M
loading...
/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 99.50
-2.66 -2.60%
Volume: 11.98M
Sept. 23, 2022 4:03p
P/E Ratio
57.82
Dividend Yield
0.00%
Market Cap
$181.39 billion
Rev. per Employee
$431,926
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 144.77
-10.12 -6.53%
Volume: 13.92M
Sept. 23, 2022 4:03p
P/E Ratio
9.67
Dividend Yield
3.92%
Market Cap
$283.38 billion
Rev. per Employee
$4.86M
loading...
/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 301.97
-10.95 -3.50%
Volume: 2.92M
Sept. 23, 2022 4:00p
P/E Ratio
6.83
Dividend Yield
3.31%
Market Cap
$103.71 billion
Rev. per Employee
$1.24M
loading...
/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 135.58
-0.63 -0.46%
Volume: 6.52M
Sept. 23, 2022 4:03p
P/E Ratio
23.37
Dividend Yield
2.69%
Market Cap
$323.98 billion
Rev. per Employee
$756,481
loading...
/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 58.60
-0.66 -1.11%
Volume: 14.82M
Sept. 23, 2022 4:00p
P/E Ratio
26.64
Dividend Yield
3.00%
Market Cap
$253.42 billion
Rev. per Employee
$523,797
loading...

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

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