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%