3M, Danaher, and Kellogg Are Spinoff Stock Plays

As the three-ring circus of rising interest rates, inflation, and bank failures plays out, investors may be searching for opportunities that are less exposed to the performance of the overall economy. Corporate spinoffs and separations are worthy of consideration.

Some recent spins have been notable successes. Shares of

General Electric

(ticker: GE) and the recently spun off

GE HealthCare Technologies

(GEHC) are up 44% and 38%, respectively, year to date. Investors who bought GE stock 12 months ago are up more than 70% on their holdings. The

S&P 500

and

Dow Jones Industrial Average

are down about 9% and 3% over the same span.