- On December 31, 2007 or first trading shortly thereafter, during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was the lowest point of the stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also in late February 2014 or was sold very recently
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
A handful of these 2,569 US Companies are legally headquartered overseas but with very substantial operations in the US.
These 2,569 largest US Companies had their equally-company-weighted average stock market prices decline by 55% 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 in the slightly less than five years since March 6, 2009, the equally-company-weighted average stock market prices of these same 2,569 largest US Companies have increased by a very impressive 457% through late February 2014.
This 457% average stock market price growth for these 2,569 US Companies is a bit higher than the 426% growth I showed in a post several weeks ago due mainly to the stock market advancing since then, especially the Biotechnology Common Stocks. Also, I found a handful of additional US Companies since then.
The US State with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 was Idaho at 941%.
The US State with at least 25 Companies included with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 was Indiana at 860%.
The US State with at least 50 Companies included with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 was Michigan at 744%.
The US State with at least 100 Companies included with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 was Ohio at 574%.
And the US State with at least 200 Companies included with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 was California at 472%.
To illustrate the breadth of this average stock market price increase in the most recent five years, all 50 US States and the District of Columbia had increases, with the lowest increase being a respectable 84%.
To illustrate the Obama Administration's even-handedness, the Top 3 US States with the highest average stock market price growth for the roughly 5 years from March 6, 2009 to late February 2014 were all Red States.
Nearly half of the country believes that the Obama Administration has been bad for US businesses. An average stock price increase of 457% in the past five years clearly says just the opposite.
Even with this massive 457% average stock market growth, a clear majority of the top management of these 2,569 largest US Companies have very selfishly refused to fairly share their Companies' very robust economic fruits with the middle and bottom rungs of their organizations, or share with the many unemployed and underemployed by hiring them. This economic selfishness is one of the main causes of massive US income inequality, as is the refusal of the US Congress to properly deal with it.
It should also be pointed out that this 457% average stock market growth occurred during the entire five-year period when the US Senate was in Democratic Control.
And the highest portion of this 457% average stock market price % growth of the most recent 5 years occurred in the Obama Administration's first two years, when the US House was also under Democratic Control. For instance, the average annual growth of the S&P 500 index from March 6, 2009 to December 31, 2010, when the US House was under Democratic Control, was a huge 46% per year. On the other hand, the average annual growth of the S&P 500 index from December 31, 2010 to the most recent date February 28, 2014, when the US House was under Republican Control, was a substantially lower 15% per year.
Granted the Obama Administration Economic Stimulus could have been better targeted, but to assert that it wasn't very helpful for the US economy and for US businesses is flat out illogical, biased reasoning......after all, the S&P 500 index went from 683.33 on March 6, 2009 to 1,257.64 on December 31, 2010, up 84% in this less than 22 month period when the Obama Economic Stimulus was going full throttle.
Below here is a US State breakdown of the average stock market price changes from December 31, 2007 to March 6, 2009 and from March 6, 2009 to late February 2014, sorted by US States with the highest growth for the most recent five years:
| # of | Average Stock Market Price Increase | Average Stock Market Price Decrease | ||
| State | Companies | March 6, 2009 to late February 2014 | December 31, 2007 to March 6, 2009 | |
| 1 | Idaho | 7 | 941% | -60% |
| 2 | Oklahoma | 24 | 877% | -56% |
| 3 | Indiana | 43 | 860% | -58% |
| 4 | Delaware | 6 | 819% | -63% |
| 5 | Michigan | 50 | 744% | -66% |
| 6 | South Carolina | 11 | 724% | -57% |
| 7 | Washington DC | 9 | 717% | -72% |
| 8 | Nevada | 20 | 658% | -62% |
| 9 | Rhode Island | 10 | 608% | -59% |
| 10 | Ohio | 104 | 574% | -59% |
| 11 | Oregon | 20 | 564% | -62% |
| 12 | Maryland | 46 | 534% | -48% |
| 13 | Minnesota | 65 | 530% | -52% |
| 14 | Vermont | 4 | 498% | -35% |
| 15 | Iowa | 18 | 490% | -60% |
| 16 | Tennessee | 45 | 485% | -52% |
| 17 | Georgia | 69 | 480% | -55% |
| 18 | Colorado | 61 | 479% | -63% |
| 19 | California | 406 | 472% | -54% |
| 20 | Illinois | 116 | 465% | -56% |
| 21 | New York | 236 | 449% | -59% |
| 22 | Texas | 267 | 433% | -56% |
| 23 | Wisconsin | 36 | 417% | -59% |
| 24 | Arkansas | 15 | 413% | -38% |
| 25 | Nebraska | 13 | 410% | -43% |
| 26 | Florida | 96 | 409% | -54% |
| 27 | New Hampshire | 7 | 407% | -64% |
| 28 | Pennsylvania | 120 | 396% | -54% |
| 29 | Washington | 46 | 394% | -60% |
| 30 | Connecticut | 61 | 393% | -55% |
| 31 | New Jersey | 92 | 391% | -52% |
| 32 | North Carolina | 51 | 386% | -52% |
| 33 | Massachusetts | 130 | 367% | -52% |
| 34 | Virginia | 72 | 356% | -42% |
| 35 | Utah | 17 | 355% | -44% |
| 36 | Montana | 3 | 354% | -52% |
| 37 | Alaska | 4 | 348% | -55% |
| 38 | Alabama | 13 | 325% | -51% |
| 39 | Arizona | 30 | 324% | -44% |
| 40 | Louisiana | 19 | 323% | -58% |
| 41 | South Dakota | 3 | 310% | -70% |
| 42 | Kentucky | 17 | 285% | -38% |
| 43 | Missouri | 44 | 271% | -48% |
| 44 | Maine | 5 | 234% | -43% |
| 45 | Kansas | 12 | 225% | -47% |
| 46 | New Mexico | 2 | 221% | -84% |
| 47 | Mississippi | 8 | 183% | -43% |
| 48 | Wyoming | 2 | 172% | -71% |
| 49 | West Virginia | 6 | 163% | -46% |
| 50 | Hawaii | 5 | 118% | -66% |
| 51 | North Dakota | 3 | 84% | -31% |
| Total all 51 States & DC | 2,569 | 457% | -55% |
There are two main reasons why this 457% average stock market growth for these 2,569 Companies is so much higher than the percentage increases in the Dow Industrials Index and the S&P 500 index over the same time period.
First, smaller and medium-sized Companies have performed substantially better on average in stock market appreciation over the most recent 5 years than have the very large Companies. Just to name a handful of the very large Companies which have substantially underperformed:
- JC Penney (down 60%),
- Newmont Mining (down 39%),
- Peabody Energy (down 22%),
- Staples (down 12%),
- Avon Products (down 3%),
- Best Buy (0%),
- Hewlett-Packard (up only 11%),
- Baxter (up only 34%),
- AT&T (up only 47%),
- Kohls (up only 48%),
- Exxon Mobil (up only 49%),
- Wal-Mart (up only 53%),
- Cisco Systems (up only 55%),
- Archer Daniels Midland (up only 55%),
- Monsanto (up only 57%),
- Apache (up 58%),
- Devon Energy (up only 62%),
- Kellogg (up only 61%),
- PepsiCo (up only 66%),
- Campbell Soup (up only 66%),
- Procter & Gamble (up only 71%),
- Morgan Stanley (up only 72%),
- McDonald's (up only 85%),
- Occidental Petroleum (up only 88%),
- Johnson & Johnson (up only 91%),
- Coca Cola (up only 92%),
- General Mills (up only 94%),
- Freeport McMoran Copper & Gold (up only 97%),
- Chevron (up only 98%),
- Verizon (up only 98%),
- Kroger (up only 99%),
- Intel (up only 100%),
- Eli Lilly (up only 107%),
- IBM (up only 113%),
- Goldman Sachs (up only 117%),
- T-Mobile US (up only 118%),
- Target (up only 119%),
- Altria Group (up only 126%),
- Medtronic (up only 129%),
- Carnival (up only 129%),
- Berkshire Hathaway (up only 132%),
- United Parcel (up only 144%),
- Microsoft (up only 145%)
- Merck (up only 146%),
- and Pfizer (up only 147%).
To see the specific Companies in each US State, click on February 2014 under Blog Archive on the upper right side of the computer screen and then click on the US State presented there in alphabetical order.
Next Up.....Analysis of IPOs 2007 to Present
