These 54 Largest Massachusetts Corps filing with the SEC generated Total Ongoing, Core Pretax Income of $26.5 bil in the most recent fiscal year 2011, which was up 48% over that of two years earlier in 2009.
Massachusetts 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 Massachusetts Corps have performed since President Obama took office.
Of these 54 Massachusetts Corps, 47 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 yesterday's date, Monday, October 15, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 47 Massachusetts Corps had an average stock market price increase of an off-the-charts 177% since President Obama took office on January 20, 2009. This is 2.6 times the increase in the S&P 500 Index, which increased by 69%, and 2.9 times the increase in the Dow Industrials Index, which increased by 62%, both during the same time span.
So what this means in simplistic terms is that if you invested the same amount of money.....say $1,000.....in the common stock of each of these 47 Massachusetts companies at the closing market price on January 16, 2009, this would have cost you initially $47,000, ignoring any transaction costs, and this stock portfolio would now be worth $130,190.
There are many financially savvy Massachusetts citizens, and they already had this all figured out. They probably just didn't previously have the precise average percentage increases tied down.
Massachusetts as well as all Northeastern USA citizens have to be extremely happy with the stock market performance of their many fine Massachusetts companies during the Obama Administration.
And Massachusetts as well as all Northeastern USA 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 Massachusetts 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 47 Massachusetts Corps 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 | ||
| Massachusetts | Price | Price | Increase | |
| HQs | 10-15-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,440.13 | 850.12 | 69% | |
| Dow Industrials Index | 13,424.23 | 8,281.22 | 62% | |
| Massachusetts Largest Corps | ||||
| LTX-Credence | Norwood | $5.53 | $0.28 | 1875% |
| Ariad Pharmaceuticals | Cambridge | $24.25 | $1.27 | 1809% |
| IPG Photonics | Oxford | $55.45 | $9.94 | 458% |
| Skyworks Solutions | Woburn | $22.51 | $4.59 | 390% |
| TJX | Framingham | $43.36 | $10.33 | 320% |
| Entegris | Billerica | $7.88 | $2.00 | 294% |
| Affiliated Managers | Prides Crossing | $122.92 | $39.26 | 213% |
| Biogen IDEC | Weston | $149.41 | $51.05 | 193% |
| Akamai Technologies | Cambridge | $37.90 | $13.08 | 190% |
| Bruker | Billerica | $12.06 | $4.21 | 186% |
| Sapient | Boston | $10.75 | $4.00 | 169% |
| Teradyne | North Reading | $13.73 | $5.11 | 169% |
| American Tower | Boston | $75.35 | $29.07 | 159% |
| Cabot Corp | Boston | $36.68 | $15.39 | 138% |
| Unifirst | Wilmington | $66.60 | $28.55 | 133% |
| Boston Properties | Boston | $109.87 | $48.05 | 129% |
| EMC | Hopkinton | $25.72 | $11.27 | 128% |
| ParametricTechnology | Needham | $21.67 | $9.64 | 125% |
| Waters Corp | Milford | $80.60 | $38.67 | 108% |
| PerkinElmer | Waltham | $29.83 | $14.79 | 102% |
| Cubist Pharmaceuticals | Lexington | $46.11 | $23.25 | 98% |
| Analog Devices | Norwood | $38.56 | $19.83 | 94% |
| Hittite Microwave | Chelmsford | $54.03 | $28.07 | 92% |
| Clean Harbors | Norwell | $47.84 | $27.11 | 76% |
| Hologic | Bedford | $21.63 | $12.27 | 76% |
| Vertex Pharmaceuticals | Cambridge | $53.24 | $30.75 | 73% |
| Talbot's | Hingham | $4.25 | $2.50 | 70% |
| Hospitality Properties | Newton | $23.96 | $14.24 | 68% |
| MKS Instruments | Andover | $22.93 | $14.04 | 63% |
| Iron Mountain | Boston | $35.95 | $22.74 | 58% |
| Covidien Ltd | Boston Area | $57.67 | $36.73 | 57% |
| Watts Water Technologies | North Andover | $38.07 | $24.25 | 57% |
| Thermo Fisher Scientific | Waltham | $59.43 | $38.90 | 53% |
| Eaton Vance | Boston | $28.35 | $18.63 | 52% |
| Charles River Labs | Wilmington | $39.98 | $26.38 | 52% |
| Haemonetics | Braintree | $78.72 | $57.41 | 37% |
| Senior Housing Properties | Newton | $22.35 | $16.32 | 37% |
| Brooks Automation | Chelmsford | $7.14 | $5.22 | 37% |
| OneBeacon Insurance | Canton | $13.32 | $9.74 | 37% |
| Momenta Pharmaceuticals | Cambridge | $14.49 | $12.49 | 16% |
| State Street Corp | Boston | $41.58 | $36.35 | 14% |
| Raytheon | Waltham | $55.34 | $52.67 | 5% |
| Hanover Insurance Group | Worcester | $38.96 | $42.57 | -8% |
| Boston Scientifc | Natick | $5.63 | $7.87 | -28% |
| First Marblehead | Boston | $0.98 | $1.52 | -36% |
| Staples | Framingham | $11.20 | $17.45 | -36% |
| American Superconductor | Devens | $3.88 | $17.18 | -77% |
| Average Increase: All 47 Largest Massachusetts Corps | 177% | |||
| S&P 500 Index | 1,440.13 | 850.12 | 69% | |
| Dow Industrials Index | 13,424.23 | 8,281.22 | 62% |
