Of these 70 Corps, 37 of them are Technology Corps.
The 37 Largest California Technology Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Income from Continuing Operations of a massive $103 bil in the most recent fiscal year 2011, which was a profit improvement of an off-the-charts $80 bil, or an increase of 346% over the $23 bil comparable earnings of these same 37 California Technology Corps just three years earlier in 2008, the last year of the Bush/Cheney Administration.
The 33 Largest California Non-Technology Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Income from Continuing Operations of a very impressive $79 bil in the most recent fiscal year 2011, which was a profit improvement of $30 bil, or an increase of 61% over the $49 bil comparable earnings of these same 33 California Non-Technology Corps just three years earlier in 2008, the last year of the Bush/Cheney Administration.
California Largest 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 Largest California Corps have performed since President Obama took office.
Of these 70 California Corps, 65 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 today, Wednesday, October 17, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 65 Largest California Corps had an average stock market price increase of a very robust 121% since President Obama took office on January 20, 2009. This is substantially more than the increase in both the S&P 500 Index, which increased by 72%, and the increase in the Dow Industrials Index, which increased by 64%, both during the same time span.
Of these 65 Largest California Corps, 36 of them are Technology Corps, whose average stock price increase during the Obama Administration so far is a very impressive 119%.
And the 29 of them in Non-Technology Sectors had an average stock price increase during the Obama Administration of an even slightly more impressive 125%.
All California citizens have to be extremely happy with the stock market performance of their many fine California companies during the Obama Administration.
And California 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 California 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 to me is widespread competence, all throughout the upper ranks of the US government. But frankly, it's also pretty clear to me that the Obama Administration is just not very good at selling its many significant accomplishments, particularly on the economic front.
Below here are the common stock market closing prices of each of these 65 California Largest 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 | ||
| California | Price | Price | Increase | |
| HQs | 10-17-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,460.91 | 850.12 | 72% | |
| Dow Industrials Index | 13,557.00 | 8,281.22 | 64% | |
| California Technology Corps | ||||
| Apple | Cupertino | $644.61 | $82.33 | 683% |
| Seagate Technology | Cupertino | $28.38 | $4.39 | 546% |
| VMWare | Palo Alto | $87.29 | $22.00 | 297% |
| Sanmina-SCI | San Jose | $8.48 | $2.28 | 272% |
| Sandisk | Milpitas | $44.34 | $12.03 | 269% |
| Ebay | San Jose | $48.20 | $13.26 | 263% |
| JDS Uniphase | Milpitas | $10.82 | $3.79 | 185% |
| Western Digital | Irvine | $36.24 | $13.31 | 172% |
| Intuit | Mountain View | $60.91 | $24.01 | 154% |
| Mountain View | $755.49 | $299.67 | 152% | |
| Flextronics International | Silicon Valley | $6.28 | $2.91 | 116% |
| KLA Tencor | Milpitas | $45.73 | $21.33 | 114% |
| Altera | San Jose | $33.39 | $16.07 | 108% |
| Broadcom | Irvine | $34.59 | $17.13 | 102% |
| Xilinx | San Jose | $33.96 | $16.93 | 101% |
| NetApp | Sunnyvale | $29.90 | $14.92 | 100% |
| Check Point Software | Redwood City | $41.15 | $20.96 | 96% |
| Agilent Technologies | Santa Clara | $38.06 | $19.51 | 95% |
| Oracle | Redwood City | $31.23 | $16.91 | 85% |
| Qualcomm | San Diego | $60.98 | $36.02 | 69% |
| NVIDIA | Santa Clara | $13.06 | $7.99 | 63% |
| Adobe Systems | San Jose | $33.44 | $21.06 | 59% |
| Intel | Santa Clara | $21.79 | $13.74 | 59% |
| Lam Research | Fremont | $33.58 | $22.17 | 51% |
| Marvell Technology Group | Santa Clara | $9.00 | $6.31 | 43% |
| Yahoo! | Sunnyvale | $16.09 | $11.59 | 39% |
| Linear Technology | Milpitas | $32.22 | $23.94 | 35% |
| Symantec | Mountain View | $17.86 | $13.49 | 32% |
| Advanced Micro Devices | Sunnyvale | $2.77 | $2.29 | 21% |
| Cisco Systems | San Jose | $18.71 | $15.82 | 18% |
| Activision Blizzard | Santa Monica | $11.31 | $9.57 | 18% |
| Applied Materials | Santa Clara | $11.16 | $10.18 | 10% |
| Juniper Networks | Sunnyvale | $17.31 | $16.39 | 6% |
| Electronic Arts | Redwood City | $13.87 | $17.53 | -21% |
| Hewlett Packard | Palo Alto | $14.72 | $34.77 | -58% |
| SunPower | San Jose | $4.86 | $33.62 | -86% |
| Average Increase: All 36 Technology Corps | 119% | |||
| California Non-Technology Corps | ||||
| Big Oil and Gas | ||||
| Chevron | San Ramon | $115.18 | $71.74 | 61% |
| Occidental Petroleum | Los Angeles | $84.60 | $53.53 | 58% |
| Average Increase: All 2 Oil and Gas Sector Corps | 59% | |||
| Finance Including REITs | ||||
| KKR Financial Holdings | San Francisco | $10.20 | $1.50 | 580% |
| CBRE Group | Los Angeles | $19.31 | $4.26 | 353% |
| Visa | San Francisco | $142.56 | $47.41 | 201% |
| Franklin Resources | San Mateo | $133.34 | $54.80 | 143% |
| Public Storage | Glendale | $137.20 | $67.34 | 104% |
| HCP | Long Beach | $44.69 | $23.27 | 92% |
| Prologis | San Francisco | $36.14 | $19.58 | 85% |
| Wells Fargo | San Francisco | $34.47 | $18.68 | 85% |
| PacWest Bancorp | Rancho Santa Fe | $21.84 | $20.86 | 5% |
| Charles Schwab | San Francisco | $13.62 | $14.84 | -8% |
| Average Increase: All 10 Finance and REIT Corps | 164% | |||
| Other Sectors | ||||
| Standard Pacific | Irvine | $7.59 | $1.62 | 369% |
| Ross Stores | Pleasanton | $61.81 | $15.42 | 301% |
| McClatchy | Sacramento | $2.89 | $0.81 | 257% |
| GAP | San Francisco | $36.79 | $12.14 | 203% |
| Walt Disney | Burbank | $52.29 | $21.46 | 144% |
| Mattel | El Segundo | $37.40 | $15.63 | 139% |
| DIRECTV | El Segundo | $51.68 | $21.98 | 135% |
| Allergan | Irvine | $95.26 | $40.67 | 134% |
| McKesson | San Francisco | $91.26 | $41.21 | 121% |
| Amgen | Thousand Oaks | $89.20 | $57.52 | 55% |
| Clorox | Oakland | $75.44 | $51.36 | 47% |
| Gilead Sciences | Foster City | $69.56 | $48.28 | 44% |
| KB Home | Los Angeles | $16.76 | $12.91 | 30% |
| Avery Dennison | Pasadena | $31.12 | $30.25 | 3% |
| Century Aluminum | Monterey | $7.73 | $8.49 | -9% |
| Safeway | Pleasanton | $16.33 | $23.51 | -31% |
| Leap Wireless | San Diego | $6.12 | $25.31 | -76% |
| Average Increase: All 17 Other Sector Corps | 110% | |||
| Average Increase: All 29 Non-Technology Corps | 125% | |||
| Average Increase: All 65 Largest California Corps | 121% | |||
| S&P 500 Index | 1,460.91 | 850.12 | 72% | |
| Dow Industrials Index | 13,557.00 | 8,281.22 | 64% |
It should be pointed out that the above earlier period stock prices of Sanmina-SCI has been adjusted to reflect the effect of a one-for-six reverse stock split.
