Control stocks follow Dow Jones' ups and downs

During 3Q98, the Control Engineering (CE) Stock Index paralleled fluctuations in the Dow Jones Industrial Average. The CE Stock Index experienced a 22% decline, compared to about 12% for the other indexes (see four-line graph).The decline in the CE Market Value Index is about as expected due to the drop in the stock prices for its participating companies.

02/01/1999


During 3Q98, the Control Engineering (CE) Stock Index paralleled fluctuations in the Dow Jones Industrial Average. The CE Stock Index experienced a 22% decline, compared to about 12% for the other indexes (see four-line graph).

The decline in the CE Market Value Index is about as expected due to the drop in the stock prices for its participating companies. These two indexes usually do not affect the CE Earnings per Share (EPS) Index, even though the 3Q98 drops all look the same. The EPS' downward slope can be attributed mainly to Rockwell's recent performance, even though the index's other firms showed improved earnings.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me