Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with Stock Market Prices for Companies in each US State since March 6, 2009, the lowest point for the overall US Stock Market resulting from the aftershocks of the horrific late 2008 US Financial Meltdown, through the most recent date March 19, 2015......a roughly six year period of time.
Long-term Audited Earnings From Continuing Operations Under US Generally Accepted Accounting Principles (GAAP) drive Long-Term Changes in Stock Market Prices. These Company Earnings crashed with the late 2008 US Financial Meltdown and thus the linked Stock Market Prices of the related Companies also crashed.
But since the 2008 US Financial Meltdown, these Earnings have been consistently exceptional and thus the Stock Market Prices of the related Companies have also consistently exploded upwardly in the past six years.
This is the dilemma faced by the current US Fed ..... raise US interest rates or continue former US Fed Chair Ben Bernanke's economic policies which have continued to spur Company Earnings and thus also Company Stock Market Prices.
I think the current US Fed should tweak Bernanke's economic policies some to try to more effectively deal with income and wealth inequality, but why in the world would you want to alter them significantly since they have been so incredibly successful?
And the US Congress, and frankly also US Companies, just have to do a much better job addressing income and wealth inequality.
Nine of the 59 Connecticut Companies had more than Ten-Bag stock market price appreciation in the past 6 years.
Below here are the 59 Connecticut Headquartered Companies with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 19, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.
Market | Market | Market | ||||||
Price | Price | Price | ||||||
% | % | % | ||||||
Change | Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-07 | 12-31-07 | |||
Price | Price | Price | to | to | to | |||
Connecticut | HQs | 3-19-15 | 3-6-09 | 12-31-07 | 3-19-15 | 3-6-09 | 3-19-15 | |
$s | $s | $s | ||||||
United Rentals | Greenwich | CT | 88.48 | 3.16 | 18.36 | 2700% | -83% | 382% |
Lydall Inc | Manchester | CT | 32.27 | 2.04 | 10.52 | 1482% | -81% | 207% |
Harman Intl | Stamford | CT | 136.83 | 9.47 | 73.71 | 1345% | -87% | 86% |
priceline.com | Norwalk | CT | 1,176.32 | 83.59 | 114.86 | 1307% | -27% | 924% |
XL Group plc | Stamford | CT | 36.65 | 2.95 | 50.31 | 1142% | -94% | -27% |
Webster Financial | Waterbury | CT | 36.17 | 2.97 | 31.97 | 1118% | -91% | 13% |
Hartford Financial Services Group | Hartford | CT | 42.57 | 3.62 | 87.19 | 1076% | -96% | -51% |
Alexion Phramaceuticals | Cheshire | CT | 189.07 | 16.14 | 18.76 | 1071% | -14% | 908% |
Photronics | Brookfield | CT | 8.50 | 0.74 | 12.47 | 1049% | -94% | -32% |
Hexcel | Stamford | CT | 48.97 | 4.76 | 24.28 | 929% | -80% | 102% |
Cigna | Bloomfield | CT | 128.10 | 13.44 | 53.73 | 853% | -75% | 138% |
The Phoenix Companies | Hartford | CT | 54.50 | 5.80 | 237.40 | 840% | -98% | -77% |
Gartner | Stamford | CT | 81.73 | 8.94 | 17.56 | 814% | -49% | 365% |
Starwood Hotels & Resorts | Stamford | CT | 83.50 | 9.52 | 44.03 | 777% | -78% | 90% |
Aircastle | Stamford | CT | 22.71 | 2.80 | 26.33 | 711% | -89% | -14% |
Achillion Pharmaceuticals | New Haven | CT | 11.42 | 1.48 | 4.99 | 672% | -70% | 129% |
Genesee & Wyoming | Darien | CT | 103.81 | 17.61 | 24.17 | 489% | -27% | 329% |
Zygo | Middlefield | CT | 19.24 | 3.40 | 12.46 | 466% | -73% | 54% |
Aetna | Hartford | CT | 108.31 | 20.22 | 57.73 | 436% | -65% | 88% |
Rogers Corp | Rogers | CT | 82.99 | 16.04 | 43.37 | 417% | -63% | 91% |
Amphenol | Wallington | CT | 59.97 | 11.86 | 23.19 | 406% | -49% | 159% |
RBC Bearings | Oxford | CT | 63.64 | 12.59 | 43.46 | 405% | -71% | 46% |
Barnes Group | Bristol | CT | 40.22 | 8.01 | 33.39 | 402% | -76% | 20% |
Crane | Stamford | CT | 63.55 | 12.90 | 42.90 | 393% | -70% | 48% |
Sturm Ruger | Southport | CT | 50.69 | 10.32 | 8.28 | 391% | 25% | 512% |
Hubbell | Shelton | CT | 110.05 | 23.44 | 51.60 | 369% | -55% | 113% |
FactSet Research Systems | Norwalk | CT | 156.45 | 36.88 | 55.70 | 324% | -34% | 181% |
Kaman Corp | Bloomfield | CT | 42.00 | 10.29 | 36.81 | 308% | -72% | 14% |
Stanley Black & Decker | New Britain | CT | 95.87 | 23.56 | 48.48 | 307% | -51% | 98% |
Ethan Allen Interiors | Danbury | CT | 27.65 | 7.10 | 28.50 | 289% | -75% | -3% |
Bolt Technology | Norwalk | CT | 21.99 | 5.88 | 25.32 | 274% | -77% | -13% |
General Electric | Fairfield | CT | 25.33 | 7.06 | 37.07 | 259% | -81% | -32% |
Independence Holding | Stamford | CT | 12.55 | 3.59 | 11.50 | 249% | -69% | 9% |
Terex | Westport | CT | 26.16 | 7.63 | 65.57 | 243% | -88% | -60% |
SI Financial Group | Willimantic | CT | 12.12 | 3.54 | 9.84 | 242% | -64% | 23% |
EMCOR Group | Norwalk | CT | 45.18 | 14.31 | 23.63 | 216% | -39% | 91% |
TRC Companies | Windsor | CT | 8.49 | 2.70 | 8.00 | 214% | -66% | 6% |
United Technologies | Hartford | CT | 119.38 | 38.54 | 76.54 | 210% | -50% | 56% |
Xerox | Norwalk | CT | 12.84 | 4.28 | 16.19 | 200% | -74% | -21% |
ATMI Inc | Danbury | CT | 33.98 | 12.08 | 32.25 | 181% | -63% | 5% |
Star Gas Partners LP | Stamford | CT | 6.98 | 2.51 | 3.97 | 178% | -37% | 76% |
WR Berkley | Greenwich | CT | 50.89 | 19.47 | 29.81 | 161% | -35% | 71% |
Interactive Brokers Group | Greenwich | CT | 34.10 | 13.37 | 32.32 | 155% | -59% | 6% |
Silgan Holdings | Stamford | CT | 57.66 | 23.85 | 25.97 | 142% | -8% | 122% |
Compass Diversified Holdings | Westport | CT | 16.67 | 7.35 | 14.90 | 127% | -51% | 12% |
Urstadt Biddle Properties | Greenwich | CT | 23.11 | 10.37 | 15.50 | 123% | -33% | 49% |
Praxair | Danbury | CT | 122.01 | 55.24 | 88.71 | 121% | -38% | 38% |
The Eastern Co | Naugatuck | CT | 19.99 | 10.00 | 18.34 | 100% | -45% | 9% |
United Financial Bancorp | Glastonbury | CT | 12.76 | 6.97 | 12.20 | 83% | -43% | 5% |
World Wrestling Entertainment | Stamford | CT | 16.32 | 9.53 | 14.76 | 71% | -35% | 11% |
Navigators Group | Stamford | CT | 78.29 | 48.24 | 65.00 | 62% | -26% | 20% |
Pitney Bowes | Stamford | CT | 23.25 | 18.02 | 38.04 | 29% | -53% | -39% |
Frontier Communications | Stamford | CT | 7.39 | 5.86 | 12.73 | 26% | -54% | -42% |
Information Services Group | Stamford | CT | 3.83 | 3.06 | 6.85 | 25% | -55% | -44% |
NanoViricides | West Haven | CT | 2.72 | 2.38 | 1.37 | 14% | 74% | 99% |
Cenveo | Stamford | CT | 2.04 | 1.83 | 17.47 | 11% | -90% | -88% |
Blyth Inc | Greenwich | CT | 7.94 | 8.20 | 43.88 | -3% | -81% | -82% |
People's United Financial | Bridgeport | CT | 15.18 | 16.87 | 17.80 | -10% | -5% | -15% |
Revolution Lighting Technologies | Stamford | CT | 1.10 | 6.60 | 4.90 | -83% | 35% | -78% |
Average % Change all 59 Connecticut Companies | 456% | -55% | 86% |