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 16, 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.
Massachusetts Health Care Companies average stock market price appreciation since March 6, 2009 was 481% for the 6 years through the most recent date March 16, 2015 versus up a much lower 454% only 2 1/2 weeks earlier.
Below here are the 126 Massachusetts 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 16, 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 | |||
| Massachusetts Company | HQs | 3-16-15 | 3-6-09 | 12-31-07 | 3-16-15 | 3-6-09 | 3-16-15 | |
| $s | $s | $s | ||||||
| Technology | ||||||||
| Entegris | Billerica | MA | 13.33 | 0.64 | 8.63 | 1983% | -93% | 54% |
| Xcerra | Norwood | MA | 9.19 | 0.57 | 9.54 | 1512% | -94% | -4% |
| Axcelis Technologies | Beverly | MA | 2.72 | 0.20 | 4.60 | 1260% | -96% | -41% |
| Monotype Imaging Holdings | Woburn | MA | 33.10 | 2.43 | 15.17 | 1262% | -84% | 118% |
| IPG Photonics | Oxford | MA | 99.46 | 7.36 | 19.99 | 1251% | -63% | 398% |
| Skyworks Solutions | Wobum | MA | 96.78 | 6.94 | 8.50 | 1295% | -18% | 1039% |
| M/A-Com Technology Solutions | Lowell | MA | 35.16 | 2.85 | 13.21 | 1134% | -78% | 166% |
| Cognex | Natick | MA | 49.60 | 4.98 | 11.91 | 897% | -58% | 316% |
| GSI Group | Bedford | MA | 13.28 | 1.65 | 27.72 | 705% | -94% | -52% |
| Sapient | Boston | MA | 25.00 | 3.45 | 8.81 | 625% | -61% | 184% |
| Virtusa | Westborough | MA | 40.46 | 5.75 | 17.33 | 604% | -67% | 133% |
| Datawatch | Chelmsford | MA | 6.45 | 1.07 | 5.92 | 503% | -82% | 9% |
| Teradyne | North Reading | MA | 19.85 | 3.50 | 10.34 | 467% | -66% | 92% |
| Bruker | Billerica | MA | 19.30 | 3.82 | 7.51 | 405% | -49% | 157% |
| athenahealth | Watertown | MA | 124.53 | 26.66 | 36.00 | 367% | -26% | 246% |
| PTC Inc | Needham | MA | 34.04 | 7.40 | 17.85 | 360% | -59% | 91% |
| TechTarget | Newton | MA | 11.84 | 2.65 | 14.78 | 347% | -82% | -20% |
| iRobot | Bedford | MA | 32.59 | 7.21 | 18.08 | 352% | -60% | 80% |
| Atlantic Tele-Network | Beverly | MA | 66.83 | 15.43 | 33.78 | 333% | -54% | 98% |
| Akamai Technologies | Cambridge | MA | 72.08 | 16.36 | 34.60 | 341% | -53% | 108% |
| Aspen Technology | Burlington | MA | 36.78 | 9.72 | 16.22 | 278% | -40% | 127% |
| Waters Corp | Milford | MA | 124.60 | 33.24 | 48.97 | 275% | -32% | 154% |
| NetScout Systems | Westford | MA | 42.27 | 11.42 | 12.77 | 270% | -11% | 231% |
| Brooks Automation | Chelmsford | MA | 11.95 | 3.44 | 13.21 | 247% | -74% | -10% |
| Analogic Corp | Peabody | MA | 86.52 | 27.00 | 56.14 | 220% | -52% | 54% |
| Vicor | Andover | MA | 15.65 | 4.13 | 15.59 | 279% | -74% | 0% |
| Analog Devices | Norwood | MA | 58.80 | 18.48 | 31.70 | 218% | -42% | 85% |
| EMC Corp | Hopkinton | MA | 26.18 | 9.93 | 18.53 | 164% | -46% | 41% |
| MKS Instruments | Andover | MA | 35.99 | 12.14 | 22.58 | 196% | -46% | 59% |
| Sonus Networks | Westford | MA | 16.05 | 5.95 | 29.15 | 170% | -80% | -45% |
| Pegasystems | Cambridge | MA | 20.72 | 7.04 | 5.97 | 194% | 18% | 247% |
| Mercury Systems | Chelmsford | MA | 15.98 | 5.05 | 16.11 | 216% | -69% | -1% |
| Kopin | Westboro | MA | 3.69 | 1.57 | 3.16 | 135% | -50% | 17% |
| Progress Software | Bedford | MA | 26.75 | 10.03 | 22.45 | 167% | -55% | 19% |
| Hittite Microwave | Chelmsford | MA | 78.00 | 28.70 | 47.76 | 172% | -40% | 63% |
| Aware Inc | Bedford | MA | 4.45 | 1.99 | 4.20 | 124% | -53% | 6% |
| Avid Technology | Burlington | MA | 14.23 | 8.67 | 28.34 | 64% | -69% | -50% |
| Nuance Communications | Burlington | MA | 13.87 | 7.99 | 18.68 | 74% | -57% | -26% |
| SeaChange Intl | Acton | MA | 7.71 | 4.32 | 7.23 | 78% | -40% | 7% |
| Average % Change all 39 Massachusetts Technology | 501% | -58% | 107% | |||||
| Health Care | ||||||||
| Cellceutix | Beverly | MA | 3.50 | 0.20 | 0.50 | 1650% | -60% | 600% |
| ZIOPHARM Oncology | Boston | MA | 13.23 | 0.70 | 3.54 | 1790% | -80% | 274% |
| Synageva BioPharma | Lexington | MA | 112.00 | 6.70 | 34.90 | 1572% | -81% | 221% |
| ABIOMED | Danvers | MA | 61.24 | 4.99 | 15.54 | 1127% | -68% | 294% |
| Anika Therapeutics | Bedford | MA | 40.13 | 3.55 | 14.55 | 1030% | -76% | 176% |
| Insulet | Bedford | MA | 35.62 | 3.36 | 23.48 | 960% | -86% | 52% |
| Biogen Idec | Cambridge | MA | 421.32 | 44.23 | 56.92 | 853% | -22% | 640% |
| Idenix Pharmaceuticals | Cambridge | MA | 24.50 | 2.67 | 2.70 | 818% | -1% | 807% |
| PAREXEL Intl | Waltham | MA | 67.40 | 7.95 | 24.15 | 748% | -67% | 179% |
| Nxstage Medical | Lawrence | MA | 17.50 | 2.30 | 15.17 | 661% | -85% | 15% |
| Dyax | Burlington | MA | 17.40 | 2.17 | 3.66 | 702% | -41% | 375% |
| Cubist Pharmaceuticals | Lexington | MA | 102.00 | 14.67 | 20.51 | 595% | -28% | 397% |
| Repligen | Waltham | MA | 30.81 | 3.73 | 6.55 | 726% | -43% | 370% |
| pSivida | Watertown | MA | 4.32 | 0.64 | 3.16 | 575% | -80% | 37% |
| Ariad Pharmaceuticals | Cambridge | MA | 8.70 | 1.20 | 4.25 | 625% | -72% | 105% |
| Alnylam Pharmaceuticals | Cambridge | MA | 115.94 | 15.79 | 29.08 | 634% | -46% | 299% |
| Cynosure | Westford | MA | 28.90 | 4.93 | 26.46 | 486% | -81% | 9% |
| Vertex Pharmaceuticals | Cambridge | MA | 127.73 | 27.77 | 23.23 | 360% | 20% | 450% |
| Covidien plc | Mansfield | MA | 107.45 | 25.48 | 40.29 | 322% | -37% | 167% |
| PerkinElmer | Waltham | MA | 47.00 | 11.52 | 26.02 | 308% | -56% | 81% |
| LeMaitre Vascular | Burlington | MA | 7.88 | 1.96 | 6.20 | 302% | -68% | 27% |
| Thermo Fisher Scientific | Waltham | MA | 132.97 | 34.16 | 57.68 | 289% | -41% | 131% |
| Sarepta Therapeutics | Cambridge | MA | 13.79 | 3.78 | 8.46 | 265% | -55% | 63% |
| Hologic | Bedford | MA | 32.52 | 9.70 | 34.32 | 235% | -72% | -5% |
| Five Star Quality Care | Newton | MA | 3.62 | 1.14 | 8.30 | 218% | -86% | -56% |
| Charles River Laboratories | Wilmington | MA | 81.97 | 25.12 | 65.80 | 226% | -62% | 25% |
| Harvard Bioscience | Holliston | MA | 5.39 | 1.95 | 3.47 | 177% | -44% | 55% |
| Agenus | Lexington | MA | 5.36 | 1.80 | 12.24 | 198% | -85% | -56% |
| Boston Scientific | Natick | MA | 17.24 | 6.33 | 11.63 | 172% | -46% | 48% |
| Curis | Lexington | MA | 2.83 | 1.18 | 0.98 | 139% | 20% | 188% |
| Alere | Waltham | MA | 48.89 | 21.97 | 56.18 | 123% | -61% | -13% |
| AMAG Pharmaceuticals | Lexington | MA | 55.77 | 24.62 | 60.13 | 127% | -59% | -7% |
| Infinity Pharmaceuticals | Cambridge | MA | 16.13 | 8.00 | 9.55 | 102% | -16% | 69% |
| Momenta Pharmaceuticals | Cambridge | MA | 15.00 | 7.44 | 7.14 | 102% | 4% | 110% |
| Haemonetics | Braintree | MA | 43.81 | 26.69 | 31.51 | 64% | -15% | 39% |
| ImmunoGen | Waltham | MA | 7.70 | 4.91 | 4.15 | 57% | 18% | 86% |
| Synta Pharmaceuticals | Lexington | MA | 2.34 | 2.38 | 6.70 | -2% | -64% | -65% |
| Idera Pharmaceuticals | Cambridge | MA | 4.36 | 5.16 | 13.10 | -16% | -61% | -67% |
| Ocata Therapeutics | Marlborough | MA | 6.34 | 11.00 | 17.00 | -42% | -35% | -63% |
| Arqule | Woburn | MA | 1.97 | 3.00 | 5.80 | -34% | -48% | -66% |
| Average % Change all 40 Massachusetts Health Care | 481% | -49% | 150% | |||||
| Average % Change all 79 Massachusetts Technology & Health Care | 491% | -54% | 128% | |||||
| Finance | ||||||||
| NewStar Financial | Boston | MA | 11.13 | 1.03 | 8.28 | 981% | -88% | 34% |
| Affiliated Managers Group | Prides Crossing | MA | 213.86 | 29.66 | 117.46 | 621% | -75% | 82% |
| MicroFinancial | Burlington | MA | 10.20 | 1.67 | 6.25 | 511% | -73% | 63% |
| Boston Private Financial | Boston | MA | 12.40 | 2.66 | 27.08 | 366% | -90% | -54% |
| State Street Corp | Boston | MA | 74.90 | 17.98 | 81.20 | 317% | -78% | -8% |
| Boston Properties | Boston | MA | 137.25 | 31.73 | 91.81 | 333% | -65% | 49% |
| American Tower | Boston | MA | 94.61 | 27.28 | 42.60 | 247% | -36% | 122% |
| Hingham Institution for Savings | Hingham | MA | 98.99 | 23.50 | 29.64 | 321% | -21% | 234% |
| Hospitality Properties Trust | Newton | MA | 31.99 | 9.09 | 32.22 | 252% | -72% | -1% |
| Independent Bank | Rockland | MA | 43.42 | 11.56 | 27.22 | 276% | -58% | 60% |
| Century Bancorp | Medford | MA | 39.25 | 12.57 | 20.17 | 212% | -38% | 95% |
| Winthrop Realty Trust | Boston | MA | 15.95 | 6.06 | 26.45 | 163% | -77% | -40% |
| Eaton Vance | Boston | MA | 43.11 | 15.10 | 45.41 | 185% | -67% | -5% |
| Enterprise Bancorp | Lowell | MA | 20.94 | 8.85 | 12.65 | 137% | -30% | 66% |
| Cambridge Bancorp | Cambridge | MA | 44.25 | 22.00 | 29.80 | 101% | -26% | 48% |
| The Hanover Insurance Group | Worcester | MA | 70.83 | 30.50 | 45.80 | 132% | -33% | 55% |
| Senior Housing Properties Trust | Newton | MA | 21.79 | 11.39 | 22.68 | 91% | -50% | -4% |
| Safety Insurance Group | Boston | MA | 59.44 | 29.16 | 36.62 | 104% | -20% | 62% |
| Brookline Bancorp | Boston | MA | 9.82 | 8.03 | 10.16 | 22% | -21% | -3% |
| Franklin Street Properties | Wakefield | MA | 12.65 | 10.80 | 14.80 | 17% | -27% | -15% |
| United Financial Bancorp | West Springfield | MA | 12.76 | 12.75 | 11.10 | 0% | 15% | 15% |
| Westfield Financial | Westfield | MA | 7.31 | 8.87 | 9.70 | -18% | -9% | -25% |
| Average % Change all 22 Massachusetts Finance | 244% | -47% | 38% | |||||
| Other Sectors | ||||||||
| Destination XL Group | Canton | MA | 4.38 | 0.30 | 5.18 | 1360% | -94% | -15% |
| Boston Beer | Boston | MA | 270.63 | 21.77 | 37.65 | 1143% | -42% | 619% |
| Altra Industrial Motion | Braintree | MA | 26.99 | 3.84 | 16.63 | 603% | -77% | 62% |
| Cabot Corp | Boston | MA | 43.41 | 8.15 | 33.34 | 433% | -76% | 30% |
| UFP Technologies | Georgetown | MA | 20.53 | 3.88 | 7.35 | 429% | -47% | 179% |
| Kadant | Westford | MA | 48.28 | 6.93 | 29.67 | 597% | -77% | 63% |
| TJX Companies | Framingham | MA | 68.66 | 10.75 | 14.37 | 539% | -25% | 378% |
| Lionbridge Technologies | Waltham | MA | 5.56 | 1.10 | 3.55 | 405% | -69% | 57% |
| UniFirst | Wilmington | MA | 118.07 | 21.41 | 38.00 | 451% | -44% | 211% |
| Chase Corp | Bridgewater | MA | 40.50 | 7.76 | 25.23 | 422% | -69% | 61% |
| Global Partners LP | Waltham | MA | 34.00 | 9.86 | 26.05 | 245% | -62% | 31% |
| CIRCOR Intl | Burlington | MA | 55.00 | 18.23 | 46.36 | 202% | -61% | 19% |
| Watts Water Technologies | North Hanover | MA | 53.89 | 16.67 | 29.80 | 223% | -44% | 81% |
| Smith & Wesson | Springfield | MA | 13.55 | 4.43 | 6.10 | 206% | -27% | 122% |
| Raytheon | Waltham | MA | 109.60 | 34.88 | 60.70 | 214% | -43% | 81% |
| Clean Harbors | Norwell | MA | 56.32 | 22.52 | 25.85 | 150% | -13% | 118% |
| Constant Contact | Waltham | MA | 39.27 | 13.31 | 21.50 | 195% | -38% | 83% |
| Forrester Research | Cambridge | MA | 37.08 | 16.62 | 28.02 | 123% | -41% | 32% |
| ModusLink Global Solutions | Waltham | MA | 3.64 | 1.75 | 13.09 | 108% | -87% | -72% |
| Iron Mountain | Boston | MA | 37.60 | 17.80 | 37.02 | 111% | -52% | 2% |
| EnerNOC | Boston | MA | 10.77 | 10.71 | 49.10 | 1% | -78% | -78% |
| Courier Corp | North Chelmsford | MA | 23.92 | 9.93 | 33.01 | 141% | -70% | -28% |
| CRA Intl | Boston | MA | 30.99 | 20.08 | 47.61 | 54% | -58% | -35% |
| American Science & Engineering | Billerica | MA | 50.47 | 57.67 | 56.75 | -12% | 2% | -11% |
| LS Starrett Co | Athol | MA | 20.36 | 5.60 | 16.91 | 264% | -67% | 20% |
| Staples | Framingham | MA | 16.04 | 14.81 | 23.07 | 8% | -36% | -30% |
| Average % Change all 26 Massachusetts Other Sectors | 331% | -54% | 76% | |||||
| Overall Average % Change all 126 Massachusetts Companies | 419% | -53% | 103% | |||||
