Monday, August 26, 2013

San Diego Area Corp Stock Prices Up 154% Since President Obama Took Office

From a review of SEC filings, I found 15 Corps headquartered in the San Diego area in the State of California, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $100 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also 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 August 23, 2013.  Included in these 15 Corps are two of them which had their common stock first trading in 2009 and also three of them getting sold in either 2012 or 2013.

These 15 San Diego area Corps had their average stock prices increase by 154% from January 16, 2009 to the close on Aug 23, 2013.  This 154% increase is more than 1.5 times the 96% increase in the S&P 500 Index over the same time span.

This 154% increase for San Diego Area Corps precisely matched the 154% comparable increase for Los Angeles Area Corps, both being significantly short of the incredible 243% comparable increase of the San Francisco Area Corps.  But still, this 154% increase in over just more than four and a half years is awfully impressive.   San Diego Area citizens here have to be pleased with the overall stock market performance of their many fine Companies during the Obama Administration.

This 154% increase occurred predominately in the first two years of the Obama Administration, when both the US Senate and the US House were under Democratic control.

Below here are the common stock market closing prices of each of these 15 San Diego Area Companies at both the most recent closing  (Aug 23, 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:

San Diego Area Market Market Percentage

California Price Price Increase

HQs 8-23-13 1-16-09 (Decrease)





Health Care



Life Technologies Carlsbad $74.46 $27.73 169%
Amylin Pharmaceuticals San Diego $31.00 $11.63 167%
Illumina San Diego $79.31 $30.33 161%
ResMed San Diego $49.18 $19.41 153%
Gen-Probe San Diego $82.69 $41.51 99%
CareFusion San Diego $35.68 $18.50 93%
Arena Pharmaceuticals San Diego $6.96 $3.70 88%





Average Increase: all 7 Health Care


133%





Other Sectors



Encore Capital Group San Diego $43.63 $6.52 569%
Cymer San Diego $116.10 $20.97 454%
Realty Income Escondido $40.68 $20.63 97%
Jack in the Box San Diego $41.21 $21.94 88%
Qualcomm San Diego $67.15 $36.02 86%
Cubic Corp San Diego $50.78 $27.91 82%
Bridgepoint Education San Diego $16.31 $11.10 47%
Leap Wireless San Diego $15.75 $25.31 -38%





Average Increase: all 8 Other Sectors


173%





Average Increase: all 15 San Diego Area Corps


154%





Dow Industrials Index
15,010.51 8,281.22 81%
S&P 500 Index
1,663.50 850.12 96%
S&P Mid-Cap 400 Index
1,217.43 516.75 136%
S&P SmallCap 600 Index
588.53 247.89 137%