In this past recent post, I also found that these 40 Largest Arizona Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of $11.1 bil in the most recent fiscal year 2011, which was a profit improvement of a massive $24.4 bil, as compared with the $13.3 bil of After-tax Net Loss generated by these same 40 Arizona companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
Arizona Corp 2011 Earnings
Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Arizona Corps have performed since President Obama took office.
Of these 40 Arizona Corps, only 26 of them had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on Friday, October 12, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 26 Arizona Corps had an average stock market price increase of a robust 84% since President Obama took office on January 20, 2009. This is better than both the 61% increase in the Dow Industrials Index and the 68% increase in the S&P 500 Index, both over the same time span.
Arizona citizens have to be extremely happy with the stock market performance of their many fine Arizona companies during the Obama Administration.
And Arizona citizens also must be very pleased with how the Obama Administration worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Arizona companies to flat out flourish. This highly successful effort created a robust US economic environment which was quite a change from what existed in the just horrible financial meltdown, near Depression year of 2008.
When I think of the Obama Administration, the thought that comes top of mind is whole-scale competence. But frankly, it's also pretty clear to me that the Obama Administration is just not very good at selling its many accomplishments, particularly on the economic front.
Below here are the common stock market closing prices of each of these 26 Arizona companies at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.
| Market | Market | Percentage | ||
| Arizona | Price | Price | Increase | |
| HQs | 10-12-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,428.59 | 850.12 | 68% | |
| Dow Industrials Index | 13,328.85 | 8,281.22 | 61% | |
| Companies Headquartered in Arizona | ||||
| Providence Service Corp | Tucson | $11.24 | $1.55 | 625% |
| Petsmart | Phoenix | $69.35 | $18.35 | 278% |
| Meritage Homes | Scottsdale | $39.27 | $10.90 | 260% |
| Freeport McMoran | Phoenix | $40.14 | $12.20 | 229% |
| Medicis Pharmaceuticals | Scottsdale | $43.35 | $14.32 | 203% |
| JDA Software | Scottsdale | $33.58 | $13.31 | 152% |
| Insight Enterprises | Tempe | $16.08 | $6.74 | 139% |
| Southern Copper | Phoenix | $35.01 | $15.62 | 124% |
| Cavco Industries | Phoenix | $46.05 | $23.67 | 95% |
| Microchip Technology | Chandler | $31.71 | $17.71 | 79% |
| Amkor Technology | Chandler | $4.21 | $2.70 | 56% |
| Avnet | Phoenix | $27.01 | $17.96 | 50% |
| Mobile Mini | Tempe | $17.80 | $13.24 | 34% |
| ON Semiconductor | Phoenix | $5.86 | $4.40 | 33% |
| US Airways | Tempe | $11.36 | $8.53 | 33% |
| Western Alliance Bancorp | Phoenix | $10.48 | $8.12 | 29% |
| Grand Canyon Education | Phoenix | $23.89 | $20.19 | 18% |
| Knight Transport | Phoenix | $14.40 | $13.11 | 10% |
| Republic Services | Phoenix | $27.80 | $25.54 | 9% |
| Limelight Networks | Tempe | $2.30 | $2.33 | -1% |
| Viad Corp | Phoenix | $20.64 | $22.94 | -10% |
| Amtech Systems | Tempe | $3.15 | $4.20 | -25% |
| Universal Technical Institute | Scottsdale | $13.44 | $18.55 | -28% |
| AV Homes | Scottsdale | $14.71 | $26.16 | -44% |
| Apollo Group | Phoenix | $28.64 | $89.22 | -68% |
| First Solar | Tempe | $22.11 | $145.42 | -85% |
| Average Increase: all 26 Arizona Corps | 84% | |||
| S&P 500 Index | 1,428.59 | 850.12 | 68% | |
| Dow Industrials Index | 13,328.85 | 8,281.22 | 61% |
The other US State with a very heavy mix of retired citizens, Florida, had an even much higher 137% average stock price increase of its Corps during the Obama Administration, as you review in detail in the below link.
Florida Corp Stock Prices Up an Average of 137% Since President Obama Took Office
