In an October 21, 2012 post, I found 20
Corps headquartered in the State of Tennessee, 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 19, 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 $100 mil in any of the previous five fiscal years.
These 20 Tennessee Corps had their average stock price increase by a
very robust 181% from the time President Obama took office in his first term
and October 19, 2012, as you can see from the below link:
Tennessee Corp Average Stock Prices Up 181%
So, how have these 20 Tennessee Companies done lately? Well, even much better, with
their average stock price up 253% from January 16, 2009 to the
close of last Friday July 26, 2013. And this 253% increase is substantially more than double the 99% increase
in the S&P 500 Index over the identical time span.
Tennessee citizens have to be extremely happy with the stock market performance of
their superb Tennessee Companies during the Obama Administration.
And very perceptive Tennessee 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 Tennessee 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.
This 253% average stock market growth of these Tennessee Corps during the Obama Administration is markedly higher than such average stock market growth of Corps in so many other US States. I think that contributing to this Tennessee Corp outperformance is the fact that Tennessee not only has two very bright Republican Senators.....former Chattanooga Mayor Bob Corker and former Tennessee Governor Lamar Alexander.....but also that these Senators have also both worked across the aisle on some key economic issues impacting Tennessee citizens and companies.
Thus, it only makes sense that Senator Corker has stepped up to be part
of the "The Diners Club", a group of 8 of the most savvy Republican
Senators who have decided to patriotically work with the Obama
Administration to help solve the country's fiscal problems.
I do think that one thing that nearly everyone has missed is how the massive increase in the US stock market has had a substantial downward impact on the annual deficits of the US Government. I'll make a prediction.....If the US stock market continues on its present upward path, the annual US Government deficit in the last year of the Obama Administration will be less than $100 bil. It will have nothing to do with austerity, and all to do with a robust US economy, hopefully one where all boats rise, not just the yachts.
Below here are the common stock market closing prices of each of these
20 Tennessee Corps at both the most recent date (July 26, 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 |
|
Tennessee |
Price |
Price |
Increase |
|
HQs |
7/26/2013 |
1/16/2009 |
(Decrease) |
|
|
|
|
|
| Dow Industrials Index |
|
15,542.24 |
8,281.22 |
88% |
| S&P 500 Index |
|
1,685.94 |
850.12 |
98% |
| S&P Mid-Cap 400 Index |
|
1,229.85 |
516.75 |
138% |
| S&P SmallCap 600 Index |
|
586.80 |
247.89 |
137% |
|
|
|
|
|
| Tennessee Largest Corps |
|
|
|
|
| Buckeye Technologies |
Memphis |
$37.30 |
$3.48 |
972% |
| Tractor Supply |
Brentwood |
$119.18 |
$17.06 |
599% |
| Cracker Barrel Old Country
Store |
Lebanon |
$96.72 |
$17.95 |
439% |
| Eastman Chemical |
Kingsport |
$74.16 |
$15.10 |
391% |
| Genesco |
Nashville |
$70.82 |
$15.05 |
371% |
| Delek US Holdings |
Brentwood |
$29.39 |
$6.37 |
361% |
| International Paper |
Memphis |
$49.11 |
$10.89 |
351% |
| CBL & Associates
Properties |
Chattanooga |
$23.53 |
$5.67 |
315% |
| AutoZone |
Memphis |
$439.66 |
$132.61 |
232% |
| Community Health Systems |
Franklin |
$44.60 |
$18.03 |
147% |
| Mueller Industries |
Memphis |
$56.35 |
$23.20 |
143% |
| Corrections Corp America |
Nashville |
$33.43 |
$15.04 |
122% |
| LifePoint Hospitals |
Brentwood |
$49.64 |
$22.60 |
120% |
| Unum Group |
Chattanooga |
$31.58 |
$16.21 |
95% |
| Regal Entertainment |
Knoxville |
$19.15 |
$10.17 |
88% |
| Amsurg |
Nashville |
$39.91 |
$22.30 |
79% |
| FedEx |
Memphis |
$104.58 |
$58.58 |
79% |
| Clarcor |
Franklin |
$54.93 |
$32.16 |
71% |
| First Horizon National |
Memphis |
$12.33 |
$7.71 |
60% |
| Healthways |
Franklin |
$17.26 |
$12.72 |
36% |
|
|
|
|
|
| Average Increase: All 20
Largest Tennessee Corps |
|
|
|
253% |
|
|
|
|
|
|
