Tag Archives: UTX stock

DowDuPont Spinoff Dow Will Replace DowDuPont In Dow Jones Industrial Average(Not Related)

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A spinoff of a Dow Jones Industrial Average component is not an everyday occurrence.  GE(GE), a former Dow component, recently spun off its transportation business into Wabtec(WAB), but the struggling company was removed from the Dow last June. United Technologies(UTX) plans to split in three next year. Even rarer, in this case, the child will join the Dow,… Read More »

After a Rough Year for Dan Loeb’s Third Point Can Spinoffs Turn Around 2019?

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When we last checked in on Dan Loeb’s Third Point it was mid 2017 and the fund was cruising while also singing the praises of Baxter International (BAX). Unfortunately, 2018 was a rough year for the firm and performance, at -11.3%, lagged the overall S&P 500. Market Folly shares the fund’s recent Q4 mea culpa letter which offers… Read More »