GE: In-line perform
General Electric, the old stalwart. The highest-capitalized stock in American markets, it makes up 4% of the (cap-weighted) S+P 500.
That makes it nearly useless for a game like CAPS. Consider this: GE is diversified into many sectors. Defense, homebuilding, home furnishings, materials, hardware, software, consumer staples, consumer discretionary, finance - GE has a finger in these pies and many others.
That means that if one sector tends to exert a "pulling up" effect on the S+P, GE gets dragged along with it. If the entire market gets depressed, GE gets depressed along with it.
I don't believe this stock can do much other than in-line perform with the S+P because of the nature of our financial markets and how they're valued. I don't expect it to outperform or underperform, and I don't expect it to have any volatility to speak of. If you look at the graph of the stock for the last year, it appears that GE is slightly underperforming the S+P. The amount by which it is doing so is pretty much equivalent to GE's dividend yield.
This makes GE worthless for CAPS, and I can't even pick the stock to express that opinion. So I'm expressing it here.