Friday, May 16, 2014

Connecticut Company Average Stock Market Prices Up 393% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 55% During Financial Meltdown

I found 59 Connecticut Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total Market Capitalizations of at least $100 mil 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 the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date May 16, 2014.
I also included one Connecticut Company which was sold in April 2014.  That makes a total of 60 Connecticut Companies.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 60 Connecticut Companies had their average stock market prices decline by a massive 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 more than five years since March 6, 2009, the average stock market prices of these same 60 Connecticut Companies have increased by a very impressive 393% through May 16, 2014, led mainly by United Rentals having its stock market price increase by 29 times and another 5 Connecticut Companies experiencing stock market price increases of 10 to 12 times, all for the most recent roughly 5 years.

In similar fashion, from the US Bureau of Labor Statistics, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.

And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported April 2014.

In like manner, Connecticut's unemployment rate increased sharply, going from 4.9% in December 2007 to 8.7% in October 2009.  And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), going full throttle, coupled with the Quantitative Easing by the US Fed, the Connecticut State unemployment rate declined markedly, going from 8.7% in October 2009 to 6.9% in the most recently reported April 2014.

Below here are the stock market prices of each of these 60 Connecticut Companies on May 16, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:






Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Connecticut Company HQs
5-16-14 3-6-09 12-31-07 5-16-14 3-6-09



$s $s $s

United Rentals Greenwich CT       95.36      3.16    18.36 2918% -83%
priceline.com Norwalk CT   1,137.16    83.59  114.86 1260% -27%
Lydall Inc Manchester CT       25.49      2.04    10.52 1150% -81%
Photronics Brookfield CT         8.80      0.74    12.47 1089% -94%
Harman Intl Stamford CT      105.50      9.47    73.71 1014% -87%
XL Group plc Stamford CT       32.08      2.95    50.31 987% -94%
Alexion Phramaceuticals Cheshire CT      157.93    16.14    18.76 879% -14%
Webster Financial Waterbury CT       29.01      2.97    31.97 877% -91%
Harford Financial Services Group Hartford CT       34.29      3.62    87.19 847% -96%
Hexcel Stamford CT       40.13      4.76    24.28 743% -80%
Starwood Hotels & Resorts Stamford CT       76.99      9.52    44.03 709% -78%
Gartner Stamford CT       70.01      8.94    17.56 683% -49%
The Phoenix Companies Hartford CT       39.91      5.80  237.40 588% -98%
Cigna Bloomfield CT       87.49    13.44    53.73 551% -75%
Sturm Ruger Southport CT       65.36    10.32      8.28 533% 25%
Aircastle Stamford CT       17.00      2.80    26.33 507% -89%
Zygo Middlefield CT       19.25      3.40    12.46 466% -73%
Crane Stamford CT       72.95    12.90    42.90 466% -70%
Genesee & Wyoming Darien CT       96.47    17.61    24.17 448% -27%
Terex Westport  CT        39.56      7.63    65.57 418% -88%
Hubbell Shelton CT      116.75    23.44    51.60 398% -55%
TransAct Technologies Hamden CT       10.16      2.04      4.79 398% -57%
RBC Bearings Oxford CT       59.07    12.59    43.46 369% -71%
Barnes Group Bristol  CT        37.35      8.01    33.39 366% -76%
Amphenol Wallington CT       95.49    23.71    46.37 303% -49%
Kaman Corp Bloomfield CT       40.90    10.29    36.81 297% -72%
General Electric Fairfield CT       26.67      7.06    37.07 278% -81%
Rogers Corp Rogers CT       60.24    16.04    43.37 276% -63%
Independence Holding Stamford CT       13.27      3.59    11.50 270% -69%
Aetna Hartford CT       74.36    20.22    57.73 268% -65%
Stanley Black & Decker New Britain CT       85.70    23.56    48.48 264% -51%
Ethan Allen Interiors Danbury CT       23.79      7.10    28.50 235% -75%
SI Financial Group Willimantic CT       11.31      3.54      9.84 219% -64%
EMCOR Group Norwalk CT       45.03    14.31    23.63 215% -39%
United Technologies Hartford CT      114.58    38.54    76.54 197% -50%
Bolt Technology Norwalk CT       16.91      5.88    25.32 188% -77%
FactSet Research Systems Norwalk CT      105.37    36.88    55.70 186% -34%
ATMI Inc Danbury CT       33.98    12.08    32.25 181% -63%
Xerox Norwalk CT       11.93      4.28    16.19 179% -74%
Star Gas Partners  LP Stamford CT         6.50      2.51      3.97 159% -37%
Compass Diversified Holdings Westport CT       17.62      7.35    14.90 140% -51%
Praxair Danbury CT      131.00    55.24    88.71 137% -38%
WR Berkley Greenwich CT       44.01    19.47    29.81 126% -35%
Silgan Holdings Stamford CT       48.85    23.85    25.97 105% -8%
TRC Companies Windsor CT         5.40      2.70      8.00 100% -66%
Urstadt Biddle Properties Greenwich CT       20.70    10.37    15.50 100% -33%
Achillion Pharmaceuticals New Haven CT         2.67      1.48      4.99 80% -70%
United Financial Bancorp Glastonbury CT       12.51      6.97    12.20 79% -43%
Magellan Health Services Avon CT       57.40    32.84    46.63 75% -30%
Cenveo Stamford CT         3.02      1.83    17.47 65% -90%
Interactive Brokers Group Greenwich CT       21.90    13.37    32.32 64% -59%
Information Services Group Stamford CT         4.63      3.06      6.85 51% -55%
Pitney Bowes Stamford CT       26.00    18.02    38.04 44% -53%
NanoViricides West Haven CT         3.23      2.38      1.37 36% 74%
Navigators Group Stamford CT       61.81    48.24    65.00 28% -26%
World Wrestling Entertainment Stamford CT       11.27      9.53    14.76 18% -35%
Blyth Inc Greenwich CT         9.15      8.20    21.94 12% -63%
Frontier Communications Stamford CT         5.90      5.86    12.73 1% -54%
People's United Financial Bridgeport CT       14.08    16.87    17.80 -17% -5%
Revolution Lighting Technologies Stamford CT         2.24      6.60      4.90 -66% 35%








Average % Change all 60




393% -55%