Wednesday, June 5, 2013

Smaller California Corp Stock Prices Up an Average 143% Since President Obama Took Office

In a July 18, 2012 post, I found 130 Corps headquartered in the State of California, which filed with the SEC, and which generated Core Pretax Income or Pretax Loss of at least $40 mil in any of the most recent three fiscal years, and which also didn't generate Pretax Income or Pretax Loss of $100 mil or more in any of the most recent three years.

Smaller California Corp 2011 Annual Earnings

There were 94 of these Smaller California Corps, which had their common stock trading at both the beginning of the Obama Administration and presently.  These 94 Smaller California Corps generated an average stock market price increase of 143% from January 16, 2009 and June 5, 2013.  This 143% average stock market price increase is more than 1.6 times the 89% increase in the S&P 500 Stock Index and the 81% increase in the Dow Industrials Index over the identical time frame.

Now granted this 143% average stock market price increase for these Smaller California Corps during the Obama Administration is a bit below the 189% comparable increase for the Medium-sized California Corps and the 161% comparable increase for the Largest California Corps, but this 143% average increase is still very impressive.

California citizens have to be extremely happy with the stock market performance of their many fine California companies of all sizes during the Obama Administration.

And California citizens also must be very pleased with how the Obama Administration, with much assistance from the US Fed, 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.

I think for these California Corps to continue to achieve this outstanding stock market performance for the remainder of the Obama Administration's second Presidential term, it is necessary (1) for Janet Yellen to be the next US Fed Chairperson starting in 2014, (2) for the US Senate to remain in Democratic control with the 2014 election, and (3) for the US House to return to Democratic control with the 2014 election.  If all three of these occur, I think you will not only see a rip-roaring stock market in the last two years of Obama's second Presidential term, but even more importantly, you also will see these very robust economic benefits shared fairly among all US citizens.

Below here are the common stock market closing prices of each of these 94 Smaller California Corps at both the most recent date (June 5, 2013), and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

California Price Price Increase

HQs 6-5-13 1-16-09 (Decrease)





S&P 500 Index 1,608.90 850.12 89%
Dow Industrials Index 14,960.59 8,281.22 81%





California Smaller Corps



Technology



Nanometrics Milpitas $14.53 $1.26 1053%
Entropic Communications San Diego 4.45 0.60 642%
Integrated Silicon Solution Santa Clara 10.78 1.68 542%
OSI Systems Hawthorne 54.43 13.46 304%
VeriFone Systems San Jose 21.95 5.55 295%
Silicon Graphics International Fremont 14.16 4.01 253%
Ultratech San Jose 36.11 10.60 241%
Semtech Camarillo 35.55 11.05 222%
Riverbed Technology San Francisco 15.38 4.86 216%
Electronics For Imaging Foster City 28.11 9.00 212%
Advent Software San Francisco 32.42 10.75 202%
Power Integrations San Jose 41.96 18.74 124%
iGATE Fremont 14.17 6.41 121%
Newport Corp Irvine 12.96 5.87 121%
Synaptics Santa Clara 42.75 20.62 107%
Super Micro Computer San Jose 10.49 5.71 84%
Websense San Diego 24.70 13.77 79%
Microsemi Aliso Viejo 21.55 12.02 79%
IXYS Milpitas 11.39 6.82 67%
CoreLogic Santa Ana 24.51 15.16 62%
Mattson Technology Fremont 2.10 1.30 62%
Silicon Image Sunnyvale 5.94 3.98 49%
Integrated Device Technology San Jose 8.43 5.73 47%
Micrel San Jose 9.93 7.09 40%
Infinera Sunnyvale 10.54 8.70 21%
Multi Fineline Electronix Irvine 15.30 17.12 -11%
STEC Santa Ana 3.41 4.33 -21%
Sigma Designs Milpitas 4.80 10.81 -56%
Aviat Networks Santa Clara 2.84 6.55 -57%
OPTi Palo Alto 0.50 2.00 -75%
Smith Micro Software Aliso Viejo 1.30 5.54 -77%





Average Increase: All 31 Smaller California Technology Corps

160%





Health Care



DexCom San Diego 21.81 3.50 523%
Medivation San Francisco 48.01 8.26 481%
Neurocrine San Diego 12.80 3.31 287%
Dynavax Technologies Berkeley 2.41 0.72 235%
IPC The Hospitalist Co North Hollywood 47.43 16.35 190%
BioMarin Pharmaceuticals Novato 57.67 20.83 177%
ICU Medical San Clemente 67.89 30.55 122%
Quidel San Diego 25.12 12.23 105%
Ensign Group Mission Viejo 35.35 17.26 105%
Isis Pharmaceuticals Carlsbad 20.91 13.99 49%
Halozyme Therapeutics San Diego 6.27 5.73 9%
Affymetrix Santa Clara 3.58 3.46 3%
Peregrine Pharmaceuticals Tustin 1.66 2.10 -21%
Skilled Healthcare Group Foothill Ranch 7.04 9.01 -22%
Masimo Irvine 21.33 27.50 -22%
XOMA Berkeley 4.08 10.50 -61%
Hansen Medical Mountain View 1.59 5.24 -70%
XenoPort Santa Clara 5.31 27.15 -80%
Sequenom San Diego 3.93 25.15 -84%
Affymax Palo Alto 1.20 11.17 -89%





Average Increase: All 20 Smaller California Health Care Corps

92%





Finance including REITs



Consumer Portfolio Services Irvine 7.30 0.56 1204%
CAI International San Francisco 25.59 2.67 858%
Encore Capital Group San Diego 35.85 6.52 450%
Macerich Santa Monica 61.61 15.89 288%
CorVel Irvine 54.37 18.68 191%
Douglas Emmett Santa Monica 24.53 10.94 124%
Essex Property Trust Palo Alto 154.45 71.16 117%
LTC Properties Westlake Village 41.51 19.75 110%
BRE Properties San Francisco 49.09 26.86 83%
BioMed Realty Trust San Diego 20.66 11.60 78%
BBCN Bancorp Los Angeles 12.54 7.23 73%
McGrath RentCorp Livermore 33.30 21.91 52%
Wilshire Bancorp Los Angeles 6.50 7.15 -9%





Average Increase: All 13 Smaller California Finance Corps


278%





Other Sectors



On Assignment Calabasas 25.02 5.07 393%
Lions Gate Entertainment Santa Monica 28.36 5.80 389%
PriceSmart San Diego 83.73 17.54 377%
GenCorp Rancho Cordova 13.48 3.09 336%
Quiksilver Huntington Beach 7.34 1.77 315%
BJs Restaurants Huntington Beach 37.23 9.44 294%
Pacific Sunwear of California Anaheim 3.29 1.07 207%
Core-Mark Holding South San Francisco 60.69 20.01 203%
True Religion Apparel Vernon 31.63 11.79 168%
Kaiser Aluminum Foothill Ranch 62.11 24.15 157%
Exponent Menlo Park 56.75 26.12 117%
WD-40 San Diego 55.38 25.93 114%
Sunstone Hotel Investors San Clemente 11.52 5.63 105%
Rovi Corp Santa Clara 25.36 13.45 89%
Superior Industries Intl Van Nuys 18.20 10.90 67%
Korn/Ferry Los Angeles 17.49 10.63 65%
Capstone Turbine Chatsworth 1.18 0.87 36%
Simpson Manufacturing Pleasanton 28.66 22.35 28%
Crown Media Holdings Studio City 2.00 1.94 3%
PICO Holdings La Jolla 22.10 26.06 -15%
American Apparel Los Angeles 1.99 2.44 -18%
Resources Connection Irvine 11.49 14.71 -22%
Callaway Golf Carlsbad 6.90 9.05 -24%
Diamond Foods Stockton 15.68 22.14 -29%
Farmer Bros. Co. Torrance 14.51 21.98 -34%
ZAP Santa Rosa 0.13 0.23 -43%
Fuel Systems Solutions Santa Ana 15.78 30.06 -48%
JAKKS Pacific Malibu 10.11 19.55 -48%
AeroVironment Monrovia 20.24 39.24 -48%
Pacific Ethanol Sacramento 3.95 53.55 -93%





Average Increase: All 30 Smaller California Other Sector Corps

101%





Average Increase: All 94 Smaller California Corps


143%





S&P 500 Index 1,608.90 850.12 89%
Dow Industrials Index 14,960.59 8,281.22 81%


Tuesday, June 4, 2013

Medium-sized California Corp Stock Prices Up an Average 189% Since President Obama Took Office

In a July 22, 2012 post, I found 202 Corps headquartered in the State of California, which generated Core Pretax Income or Loss of more than $100 mil in either 2011, 2010 or 2009.  Included in these 202 Corps were several which were legally headquartered in foreign jurisdictions but with substantial operations in California.

California Largest Corps: 2011 Annual Earnings 

I am breaking down these 202 Corps between the Largest ones, which I am defining at those with Audited Annual Net Income or Net Loss From Continuing Operations of more than $500 mil, and the Medium-sized ones, which are the remainder.

In a recent earlier post, there were 65 of these Largest California Corps, which were the ones which 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 May 31, 2013, and they had their average stock price increase by a very robust 161% from the time President Obama took office in his first term and May 31, 2013, as you can see in the below link:

Largest California Corp Average Stock Prices Up 161% Since President Obama Took Office

But it wasn't just the Largest California Corps which have done so well on the stock market front during the Obama Administration.

The Medium-sized California Corps have done even better.

There were 98 of these Medium-sized California Corps, which had their common stock trading at both the beginning of the Obama Administration and presently.  These 98 Medium-sized California Corps generated an average stock market price increase of an even more robust 189% from January 16, 2009 and June 3, 2013.  This 189% average stock market price increase is more than double the 93% increase in the S&P 500 Stock Index and the 84% increase in the Dow Industrials Index over the identical time frame.
 
It is pretty clear that the largest and the medium-sized California Corps have both flat out thrived during the Obama Administration, and will continue to do so, and particularly so if the US House turns to Democratic control and the US Senate remains in Democratic control, both in 2014.

Below here are the common stock market closing prices of each of these 98 Medium-sized California Corps at both the most recent date (June 3, 2013), and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

California Price Price Increase

HQs 6-3-13 1-16-09 (Decrease)





S&P 500 Index 1,640.42 850.12 93%
Dow Industrials Index 15,254.03 8,281.22 84%





Technology



Netflix Los Gatos $221.97 $31.26 610%
Salesforce.com San Francisco $41.04 $7.03 484%
Power-One Camarillo $6.32 $1.22 418%
ValueClick Westlake Village $26.33 $5.78 356%
Plantronics Santa Cruz $46.47 $10.88 327%
TIBCO Software Palo Alto $20.85 $5.24 298%
Cadence Design Systems San Jose $15.15 $3.99 280%
Equinix Redwood City $201.41 $53.71 275%
Trimble Navigation Sunnyvale $27.80 $7.61 265%
Omnivision Technologies Santa Clara $19.12 $5.68 237%
Synnex Fremont $41.30 $13.60 204%
Finisar Sunnyvale $13.06 $4.40 197%
NETGEAR San Jose $33.81 $11.41 196%
Fairchild Semiconductor San Jose $14.35 $4.97 189%
Informatica Redwood City $36.54 $13.13 178%
Maxim Integrated Products Sunnyvale $29.32 $12.26 139%
Autodesk San Rafael $37.38 $16.14 132%
j2 Global Los Angeles $40.86 $17.76 130%
Cypress Semiconductor San Jose $11.09 $4.83 130%
Atmel San Jose $7.94 $3.47 129%
LSI Corp Milpitas $7.41 $3.30 125%
Teledyne Technologies Thousand Oaks $77.91 $37.38 108%
Synopsys Mountain View $36.71 $18.89 94%
Tessara Technologies San Jose $20.94 $11.32 85%
Cubic Corp San Diego $48.94 $27.91 75%
Brocade Communication Systems San Jose $5.42 $3.32 63%
Polycom Pleasanton $11.39 $7.17 59%
International Rectifier El Segundo $21.94 $13.98 57%
TTM Technologies Santa Ana $8.39 $5.86 43%
Ingram Micro Santa Ana $19.06 $13.50 41%
PMC Sierra Sunnyvale $6.03 $4.77 26%
United Online Woodland Hills $6.93 $6.19 12%
Quality Systems Irvine $18.25 $20.66 -12%
Intersil Milpitas $8.04 $9.48 -15%
Rambus Sunnyvale $7.97 $9.47 -16%
Qlogic Aliso Viejo $9.81 $12.48 -21%
SunPower San Jose $18.85 $33.62 -44%
Logitech Fremont $7.06 $13.21 -47%
FormFactor Livermore $5.99 $15.24 -61%





Average Increase: All 39 Medium-sized California Technology Corps

147%




Health Care


Jazz Pharmaceuticals Silicon Valley $68.52 $1.30 5171%
Questcor Pharmaceuticals Anaheim $35.22 $6.71 425%
Intuitive Surgical Sunnyvale $500.23 $99.97 400%
Herbalife Ltd Los Angeles $45.99 $10.52 337%
Align Technology San Jose $36.85 $9.25 298%
Molina Healthcare Long Beach $37.06 $12.66 193%
Coherent Santa Clara $58.33 $20.27 188%
Theravance South San Francisco $35.49 $12.41 186%
ResMed San Diego $47.22 $19.41 143%
Arena Pharmaceuticals San Diego $8.88 $3.70 140%
Illumina San Diego $70.88 $30.33 134%
Edwards Lifesciences Irvine $66.24 $28.66 131%
Health Net Woodland Hills $31.76 $13.96 128%
Nektar Therapeutics San Francisco $9.23 $4.70 96%
Varian Medical Systems Palo Alto $67.37 $35.63 89%
Bio-Rad Laboratories Hercules $113.91 $67.32 69%
VCA Antech Los Angeles $26.32 $19.33 36%
Thoratec Pleasanton $30.66 $29.69 3%
Exelixis South San Francisco $4.80 $4.73 1%
InterMune Brisbane $9.98 $10.08 -1%
Rigel Pharmaceuticals South San Francisco $4.53 $7.34 -38%





Average Increase: All 21 Medium-sized California Health Care Corps

387%





Finance


SVB Financial Group Santa Clara $76.40 $22.57 239%
East West Bancorp Pasadena $26.28 $9.98 163%
Realty Income Escondido $44.62 $20.63 116%
Digital Realty Trust San Francisco $59.18 $32.36 83%
City National Beverly Hills $62.35 $36.92 69%
Redwood Trust Mill Valley $18.90 $11.83 60%
CVB Financial Ontario $11.47 $8.79 30%
Cathay General Bancorp Los Angeles $20.57 $16.35 26%
Mercury General Los Angeles $44.62 $43.63 2%
Westamerica Bancorporation San Rafael $45.60 $45.46 0%
Hanmi Financial Los Angeles $15.73 $17.60 -11%





Average Increase: All 11 Medium-sized California Financial Corps

71%




Other Sectors


DineEquity Glendale $72.67 $8.76 730%
Williams Sonoma San Francisco $53.63 $7.83 585%
Cooper Companies Pleasanton $113.20 $20.44 454%
Cheesecake Factory Calabassas Hills $40.08 $8.78 356%
Reliance Steel & Aluminum Los Angeles $65.95 $20.26 226%
Monster Beverage Corona $53.96 $16.83 221%
Copart Fairfield $35.72 $13.14 172%
Deckers Outdoor Goleda $54.42 $20.18 170%
Ryland Group Westlake Village $45.18 $17.01 166%
Live Nation Entertainment Beverly Hills $13.84 $5.22 165%
Breitburn Energy Partners Los Angeles $18.13 $7.77 133%
Skechers USA Manhattan Beach $22.33 $10.06 122%
Guess? Los Angeles $31.27 $16.22 93%
Robert Half International Menlo Park $34.23 $18.60 84%
TiVo Alviso $12.97 $7.39 76%
Jack in the Box San Diego $37.05 $21.94 69%
UTI Worldwide Long Beach $15.71 $12.04 30%
Central Garden & Pet Walnut Creek $7.91 $6.14 29%
URS San Francisco $48.47 $37.97 28%
Tetra Tech Pasadena $27.75 $22.48 23%
Jacobs Engineering Group Pasadena $57.40 $48.36 19%
AECOM Technology Los Angeles $30.50 $26.60 15%
Dolby Laboratories San Francisco $34.71 $31.57 10%
DreamWorks Animation Glendale $21.74 $24.82 -12%
Tutor Perini Sylmar $18.45 $22.55 -18%
Granite Construction Watsonville $31.15 $40.71 -23%
Corinthian Colleges Santa Ana $2.75 $17.51 -84%




Average Increase: All 27 Medium-sized California Other Sector Corps

142%





Average Increase: All 98 Medium-sized California Corps


189%


Sunday, June 2, 2013

Largest California Corp Stock Prices Up an Average 161% Since President Obama Took Office

In a October 17, 2012 post, I found 65 Corps headquartered in the State of California, which 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 October 17, 2012, and which also had externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss From Continuing Operations of at least $500 mil in any of the previous five fiscal years. 

These 65 Largest California Corps had their average stock price increase by a robust 121% from the time President Obama took office in his first term and October 17, 2012, as you can see from the below link:

California Corp Average Stock Prices Up 121% Since President Obama Took Office

So, how have these companies done lately?  Well, even substantially better, with their average stock price up 161% from January 16, 2009 to the close of Friday May 31, 2013.  And this 161% increase is nearly double the 83% increase in the Dow Industrials Index and the 92% increase in the S&P 500 Index over the identical time span.

The 36 Largest California Technology Corps had their average stock market price increase by a very robust 163% during the Obama Administration.

And the 29 Largest California Non-Technology Corps had their average stock market price increase by 158% during the Obama Administration.

It is pretty clear that the largest California Corps have flat out thrived during the Obama Administration, and will continue to do so, and particularly so if the US House turns to Democratic control and the US Senate remains in Democratic control, both in 2014.

Let me stick my neck out and do some prognostications on where the overall stock market is headed under various scenarios.  All of these prognostications assume that President Obama wisely picks Janet Yellen to head the Federal Reserve starting in January 2014.  Yellen will more perceptively and creatively take directly-targeted actions that will much better assure that the US economic recovery will benefit the entire country, altering the Fed's present pure trickle down economic approach, which is clearly benefiting only those at the very top.

If the Republicans have control of both the US House and the US Senate with the 2014 election, then the Dow Industrials Index at the end of President Obama's second term will be somewhere in the range of 15,000 and 17,000.
 
If the Republicans retain control of the US House and the Democrats retain control of the US Senate with the 2014 election, then the Dow Industrials Index at the end of President Obama's second term will be somewhere in the range of 16,000 and 18,000. 

And if the Democrats have control of both the US House and the US Senate with the 2014 election, then the Dow Industrials Index at the end of President Obama's second term will be somewhere in the range of 20,000 and 24,000.  And if the Dow ends up being reasonably close to 24,000, many in the country will demand that Obama gets a third presidential term.

Anyway California citizens have to be extremely happy with the stock market performance of their many fine largest California companies during the Obama Administration.

California citizens also must be very pleased with how the Obama Administration, with much assistance from the US Fed, worked so hard and very effectively on so many fronts to create a US economic environment that permitted these largest 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.

Below here are the common stock market closing prices of each of these 65 Largest California Corps at both the most recent date (May 31, 2013), and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

California Price Price Increase

HQs 5-31-13 1-16-09 (Decrease)





S&P 500 Index 1,630.74 850.12 92%
Dow Industrials Index 15,115.57 8,281.22 83%





California Largest Technology Corps



Seagate Technology Cupertino $43.08 $4.39 881%
Sanmina-SCI San Jose $13.58 $2.28 496%
Apple Cupertino $449.74 $82.33 446%
Sandisk Milpitas $59.02 $12.03 391%
Western Digital Irvine $63.32 $13.31 376%
Ebay San Jose $54.10 $13.26 308%
JDS Uniphase Milpitas $13.62 $3.79 259%
VMWare Palo Alto $71.12 $22.00 223%
Google Mountain View $871.22 $299.67 191%
KLA Tencor Milpitas $56.29 $21.33 164%
Flextronics International Silicon Valley $7.46 $2.91 156%
NetApp Sunnyvale $37.53 $14.92 152%
Intuit Mountain View $58.44 $24.01 143%
Xilinx San Jose $40.65 $16.93 140%
Check Point Software Redwood City $50.08 $20.96 139%
Agilent Technologies Santa Clara $45.45 $19.51 133%
Yahoo! Sunnyvale $26.30 $11.59 127%
Lam Research Fremont $46.78 $22.17 111%
Broadcom Irvine $35.91 $17.13 110%
Altera San Jose $33.22 $16.07 107%
Adobe Systems San Jose $42.91 $21.06 104%
Oracle Redwood City $33.78 $16.91 100%
NVIDIA Santa Clara $14.47 $7.99 81%
Intel Santa Clara $24.28 $13.74 77%
Qualcomm San Diego $63.48 $36.02 76%
Advanced Micro Devices Sunnyvale $4.00 $2.29 75%
Marvell Technology Group Santa Clara $10.85 $6.31 72%
Symantec Mountain View $22.39 $13.49 66%
Linear Technology Milpitas $37.53 $23.94 57%
Cisco Systems San Jose $24.12 $15.82 52%
Activision Blizzard Santa Monica $14.43 $9.57 51%
Applied Materials Santa Clara $15.20 $10.18 49%
Electronic Arts Redwood City $22.99 $17.53 31%
Juniper Networks Sunnyvale $17.73 $16.39 8%
Hewlett Packard Palo Alto $24.42 $34.77 -30%
SunPower San Jose $19.31 $33.62 -43%





Average Increase: All 36 Largest California Technology Corps


163%





California Largest Non-Technology Corps



Big Oil and Gas



Occidental Petroleum Los Angeles $92.07 $53.53 72%
Chevron San Ramon $122.75 $71.74 71%





Average Increase: all 2 Largest California Oil and Gas Corps


72%





Finance Including REITs



KKR Financial Holdings San Francisco $10.52 $1.50 601%
CBRE Group Los Angeles $23.18 $4.26 444%
Visa San Francisco $178.14 $47.41 276%
Franklin Resources San Mateo $154.81 $54.80 183%
Public Storage Glendale $151.80 $67.34 125%
Wells Fargo San Francisco $40.55 $18.68 117%
Prologis San Francisco $40.30 $19.58 106%
HCP Long Beach $47.38 $23.27 104%
PacWest Bancorp Rancho Santa Fe $28.83 $20.86 38%
Charles Schwab San Francisco $19.86 $14.84 34%





Average Increase: All 10 Largest California Finance and REIT Corps


203%





Other Sectors



Standard Pacific Irvine $8.85 $1.62 446%
Ross Stores Pleasanton $64.32 $15.42 317%
GAP San Francisco $40.55 $12.14 234%
McClatchy Sacramento $2.50 $0.81 209%
Walt Disney Burbank $63.08 $21.46 194%
Mattel El Segundo $44.75 $15.63 186%
DIRECTV El Segundo $61.19 $21.98 178%
McKesson San Francisco $113.86 $41.21 176%
Allergan Irvine $99.49 $40.67 145%
Gilead Sciences Foster City $54.48 $24.14 126%
Amgen Thousand Oaks $100.53 $57.52 75%
KB Home Los Angeles $22.16 $12.91 72%
Clorox Oakland $83.08 $51.36 62%
Avery Dennison Pasadena $43.50 $30.25 44%
Century Aluminum Monterey $9.91 $8.49 17%
Safeway Pleasanton $23.01 $23.51 -2%
Leap Wireless San Diego $5.64 $25.31 -78%





Average Increase: all 17 Largest California Other Sector Corps


141%





Average Increase: all 29 Largest California Non-Technology Corps


158%





Average Increase: all 65 Largest California Corps


161%





S&P 500 Index 1,630.74 850.12 92%
Dow Industrials Index 15,115.57 8,281.22 83%