Overtakes General Electric
Last week, Boeing (BA) overtook General Electric (GE) as the most valued company by market capitalization, breaking GE’s 27-year record. Boeing currently enjoys a market capitalization of $155.0 billion, whereas GE’s has dropped to $154.6 billion due to its stock price falling 13% after its investor update on November 13. GE announced a 50% dividend cut and reduced its 2018 guidance. To learn more, read Your Key Takeaways from GE’s Latest Investor Update.
Long-term stock performance
In the past ten years, Boeing stock has risen 196.7% while GE has fallen 53.9%, and in the past five years, Boeing has risen 277.3% while GE has fallen 11.5%. In the past three years, Boeing has risen 101.1% while GE has fallen 33.9%.
Performance this year
Most of Boeing’s stock gain has been in 2017. As of November 28, 2017, Boeing had gained 71.5% this year, whereas General Electric had fallen 43.6%. Peers Raytheon (RTN), General Dynamics (GD), and United Technologies had risen 31.4%, 15.9%, and 6.8%, respectively, while Lockheed Martin (LMT) had fallen 26.8%. The broader market, tracked by the SPDR S&P 500 ETF (SPY), had risen 16.3%.