Saturday, January 25, 2014

8 Largest US Department Store Corps Average Stock Prices Down 63% Due to Financial Meltdown Spillover Effects, Then Up 672% Under Obama and the US Fed

I found 8 US Department Store Companies classified in the Services Sector at Yahoo's fine Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 24, 2014.
 
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 8 US Department Store Companies had their average stock prices drop by a massive 63% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 8 US Department Store Corps have increased by a very impressive 672% through January 24, 2014, driven by Dillard's massive stock price appreciation.
          
Clearly, the investors in and executives of most of these 8 US Department Store Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 8 US Department Store Companies on January 24, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 24, 2014:









Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Department Stores Corp HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Dillard's Little Rock AR      90.70        3.19      18.78 2743% -83%
Bon-Ton Stores York PA      11.00        1.20        9.49 817% -87%
Belk Inc Charlotte NC      54.98        7.00      30.95 685% -77%
Macy's Cincinnati OH      54.42        6.94      25.87 684% -73%
TJX Companies Framingham MA      57.75      10.75      14.37 437% -25%
Kohl's Menomonee Falls WI      50.22      34.50      45.80 46% -25%
Sears Holdings Hoffman Estates IL      38.15      33.01      94.81 16% -65%
JC Penney Plano TX        6.70      14.22      43.99 -53% -68%








Average % Change all 8




672% -63%