Here are shares of big employers in the Boulevard Stock Portfolio, ranked by weekly performance at today’s closing price, with the S&P 500 index for comparison. Starting this week, we’re adding a new one to the portfolio: Qingdao Haier Co., which we’ll be referring to simply as Haier; its shares are listed on the Shanghai exchange.
The Chinese company completed its $5.6 billion purchase of 6,000-employee Appliance Park on Monday, along with the rest of GE’s “white goods” business, making refrigerators and other residential appliances. Boulevard will continue to track GE’s stock, too, given all the shareholders in Louisville.
Haier (pronounced “hire”) didn’t have the best debut here; shares fell 2% from a week ago, to $9.18.