These 52 Largest New Jersey Corps filing with the SEC generated Total Ongoing, Core Pretax Income of a very impressive $61.5 bil in the most recent fiscal year 2011, which was up 49% over that of two years earlier in 2009.
New Jersey 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 New Jersey Corps have performed since President Obama took office.
Of these 52 New Jersey Corps, 41 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, Tuesday, October 16, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 41 New Jersey Corps, led by Wyndham Worldwide, had an average stock market price increase of a robust 103% since President Obama took office on January 20, 2009. This is much more than both the increase in the S&P 500 Index, which increased by 71%, and the increase in the Dow Industrials Index, which increased by 64%, both during the same time span.
And New Jersey citizens are also getting a significant spillover economic benefit from the exceptional 166% average stock price increase during the Obama Administration of the 68 Largest New York Corps.
New Jersey citizens have to be extremely happy with the stock market performance of their many fine New Jersey companies, as well as that of the New York companies, during the Obama Administration.
And New Jersey 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 New Jersey 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 41 New Jersey 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 | ||
| New Jersey | Price | Price | Increase | |
| HQs | 10-16-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,454.92 | 850.12 | 71% | |
| Dow Industrials Index | 13,551.78 | 8,281.22 | 64% | |
| New Jersey Largest Corps | ||||
| Wyndham Worldwide | Parsippany | $54.76 | $7.10 | 671% |
| Rockwood Holdings | Princeton | $48.69 | $8.03 | 506% |
| Asta Funding | Englewood Cliffs | $9.34 | $1.91 | 389% |
| Watson Pharmaceuticals | Parsippany | $89.28 | $24.68 | 262% |
| WABCO Holdings | Piscataway | $57.57 | $16.43 | 250% |
| Cognizant Technology Solutions | Teaneck | $70.25 | $20.36 | 245% |
| Cytec | West Paterson | $65.93 | $21.83 | 202% |
| Childrens Place | Seacaucus | $61.10 | $20.54 | 197% |
| Hertz | Park Ridge | $14.63 | $5.27 | 178% |
| Innophos Holdings | Cranbury | $49.00 | $18.26 | 168% |
| Ingersoll-Rand | Piscataway | $45.56 | $18.00 | 153% |
| Bed Bath & Beyond | Union | $61.00 | $25.94 | 135% |
| Prudential Financial | Newark | $58.04 | $26.66 | 118% |
| PHH | Mt Laurel | $20.51 | $10.04 | 104% |
| Church & Dwight | Princeton | $53.74 | $26.82 | 100% |
| Hovnanian Enterprises | Red Bank | $3.78 | $1.90 | 99% |
| Honeywell | Morristown | $61.52 | $32.94 | 87% |
| Chubb | Warren | $78.23 | $43.80 | 79% |
| Tyco Intl | Princeton | $27.77 | $15.76 | 76% |
| Merck | Whitehouse Station | $47.17 | $28.19 | 67% |
| Celgene | Summit | $78.20 | $50.25 | 56% |
| Everest Reinsurance | Liberty Corner | $112.32 | $73.84 | 52% |
| Automat Data Processing | Roseland | $59.23 | $39.42 | 50% |
| Investors Bancorp | Short Hills | $18.17 | $12.49 | 45% |
| Quest Diagnostics | Madison | $63.37 | $48.72 | 30% |
| John Wiley & Sons | Hoboken | $45.12 | $35.58 | 27% |
| Covance | Princeton | $49.81 | $40.28 | 24% |
| Johnson and Johnson | New Brunswick | $69.55 | $57.44 | 21% |
| CR Bard | Murray Hill | $102.23 | $86.01 | 19% |
| Campbell Soup | Camden | $35.00 | $29.72 | 18% |
| Dun & Bradstreet | Short Hills | $82.62 | $74.00 | 12% |
| Sealed Air | Elmwood Park | $15.96 | $14.32 | 11% |
| Becton Dickinson | Franklin Lakes | $77.26 | $72.52 | 7% |
| Foster Wheeler | Clinton | $24.32 | $24.27 | 0% |
| Warner Chilcott | Rockaway | $12.83 | $13.78 | -7% |
| Curtiss Wright | Parsippany | $31.13 | $34.47 | -10% |
| Covanta | Morristown | $17.49 | $20.93 | -16% |
| Valley National Bank | Wayne | $9.73 | $12.74 | -24% |
| Hudson City Bancorp | Paramus | $8.09 | $13.29 | -39% |
| Lincoln Educational Services | West Orange | $4.15 | $13.51 | -69% |
| Knight Capital | Jersey City | $2.58 | $16.00 | -84% |
| Average Increase: All 41 New Jersey Largest Corps | 103% | |||
| S&P 500 Index | 1,454.92 | 850.12 | 71% | |
| Dow Industrials Index | 13,551.78 | 8,281.22 | 64% |
