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.
North Carolina Companies stock market prices have been on absolute fire in the past 4 1/2 months. They experienced average stock market price growth of 533% for the 6 years since March 6, 2009 through the most recent date March 16, 2015. This average growth since March 6, 2009 was a substantially lower 466% only 4 1/2 months ago.
Below here are the 55 North Carolina 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 | |||
| North Carolina Company | HQs | 3-16-15 | 3-6-09 | 12-31-07 | 3-16-15 | 3-6-09 | 3-16-15 | |
| $s | $s | $s | ||||||
| Salix Pharmaceuticals | Raleigh | NC | 172.75 | 6.49 | 7.88 | 2562% | -18% | 2092% |
| Sonic Automotive | Charlotte | NC | 24.09 | 0.95 | 19.36 | 2436% | -95% | 24% |
| Hanesbrands | Wimston-Salem | NC | 33.64 | 1.54 | 6.79 | 2092% | -77% | 395% |
| RF Micro Devices | Greensboro | NC | 16.59 | 0.76 | 5.71 | 2083% | -87% | 191% |
| Polypore | Charlotte | NC | 59.32 | 2.93 | 17.50 | 1925% | -83% | 239% |
| Unifi | Greensboro | NC | 32.53 | 1.83 | 7.26 | 1678% | -75% | 348% |
| Krispy Kreme Doughnuts | Winston-Salem | NC | 19.51 | 1.15 | 3.16 | 1597% | -64% | 517% |
| Tree.Com | Charlotte | NC | 54.39 | 3.97 | 7.32 | 1270% | -46% | 643% |
| Belk Inc | Charlotte | NC | 49.50 | 5.30 | 31.50 | 834% | -83% | 57% |
| Old Dominion Freight Line | Thomasville | NC | 79.28 | 8.50 | 10.27 | 832% | -17% | 672% |
| Culp | High Point | NC | 25.49 | 2.79 | 6.96 | 814% | -60% | 266% |
| BioCryst Pharmaceuticals | Durham | NC | 10.07 | 1.19 | 6.18 | 746% | -81% | 63% |
| NewBridge Bancorp | Greensboro | NC | 8.61 | 1.05 | 10.79 | 720% | -90% | -20% |
| Ingersoll-Rand | Davidson | NC | 68.60 | 9.45 | 37.09 | 626% | -75% | 85% |
| Ingersoll-Rand | Davidson | NC | 68.60 | 9.45 | 37.09 | 626% | -75% | 85% |
| VF Corp | Greensboro | NC | 73.16 | 11.91 | 17.17 | 514% | -31% | 326% |
| Lowe's | Mooresville | NC | 75.44 | 13.39 | 22.62 | 463% | -41% | 234% |
| Bank of America | Charlotte | NC | 16.13 | 3.14 | 41.26 | 414% | -92% | -61% |
| Carlisle Cos | Charlotte | NC | 91.99 | 18.11 | 37.03 | 408% | -51% | 148% |
| Red Hat | Raleigh | NC | 67.30 | 13.43 | 20.84 | 401% | -36% | 223% |
| BioDelivery Sciences | Raleigh | NC | 14.60 | 2.92 | 2.93 | 400% | 0% | 398% |
| EnPro Industries | Charlotte | NC | 68.14 | 14.63 | 30.65 | 366% | -52% | 122% |
| Reynolds American | Winston-Salem | NC | 70.74 | 16.08 | 32.98 | 340% | -51% | 114% |
| Chelsea Therapeutics | Charlotte | NC | 6.52 | 1.50 | 7.35 | 335% | -80% | -11% |
| Sealed Air | Charlotte | NC | 46.22 | 10.64 | 23.14 | 334% | -54% | 100% |
| Triangle Capital | Raleigh | NC | 23.36 | 5.60 | 12.40 | 317% | -55% | 88% |
| Ingles Markets | Black Mountain | NC | 48.46 | 11.62 | 25.39 | 317% | -54% | 91% |
| Lorillard | Greensboro | NC | 67.69 | 19.23 | 28.43 | 252% | -32% | 138% |
| First Citizens Bancshares | Raleigh | NC | 256.00 | 76.95 | 145.85 | 233% | -47% | 76% |
| PowerSecure Intl | Wake Forest | NC | 11.48 | 3.46 | 13.50 | 232% | -74% | -15% |
| Curtiss-Wright | Charlotte | NC | 72.57 | 23.26 | 37.08 | 212% | -37% | 96% |
| Investors Title Co | Chapel Hill | NC | 70.75 | 23.00 | 38.39 | 208% | -40% | 84% |
| The Cato Corp | Charlotte | NC | 41.04 | 13.46 | 15.66 | 205% | -14% | 162% |
| BNC Bancorp | High Point | NC | 17.30 | 5.75 | 16.91 | 201% | -66% | 2% |
| Cornerstone Therapeutics | Cary | NC | 9.49 | 3.21 | 12.70 | 196% | -75% | -25% |
| BB&T Corp | Winston-Salem | NC | 39.23 | 13.73 | 30.67 | 186% | -55% | 28% |
| Coca-Cola Bottling | Charlotte | NC | 107.90 | 38.29 | 58.88 | 182% | -35% | 83% |
| Tanger Factory Outlet Centers | Greensboro | NC | 35.21 | 13.20 | 18.86 | 167% | -30% | 87% |
| Family Dollar Stores | Matthews | NC | 79.91 | 30.36 | 19.23 | 163% | 58% | 316% |
| Highwoods Properties | Raleigh | NC | 43.97 | 16.72 | 29.38 | 163% | -43% | 50% |
| Harris Teeter Supermarkets | Matthews | NC | 49.37 | 19.51 | 34.67 | 153% | -44% | 42% |
| The Pantry | Cary | NC | 36.74 | 15.01 | 26.13 | 145% | -43% | 41% |
| Laboratory Corp America | Burlington | NC | 125.67 | 54.99 | 75.53 | 129% | -27% | 66% |
| First Bancorp | Troy | NC | 16.74 | 7.39 | 18.89 | 127% | -61% | -11% |
| Martin Marietta Materials | Raleigh | NC | 142.37 | 69.96 | 132.60 | 104% | -47% | 7% |
| SPX Corp | Charlotte | NC | 84.00 | 41.50 | 102.85 | 102% | -60% | -18% |
| VantageSouth Bancshares | Raleigh | NC | 6.04 | 3.00 | 9.50 | 101% | -68% | -36% |
| Speedway Motorsports | Concord | NC | 21.56 | 10.74 | 31.08 | 101% | -65% | -31% |
| Cree | Durham | NC | 37.10 | 18.83 | 27.47 | 97% | -31% | 35% |
| Yadkin Financial | Elkin | NC | 19.76 | 10.47 | 45.81 | 89% | -77% | -57% |
| Pike Corp | Mount Airy | NC | 12.01 | 7.57 | 16.76 | 59% | -55% | -28% |
| POZEN | Chapel Hill | NC | 7.48 | 4.99 | 12.00 | 50% | -58% | -38% |
| Nucor | Charlotte | NC | 47.30 | 32.34 | 59.22 | 46% | -45% | -20% |
| Snyder's-Lance | Charlotte | NC | 29.99 | 21.64 | 20.42 | 39% | 6% | 47% |
| CommunityOne Bancorp | Asheboro | NC | 9.59 | 175.00 | 1,216.00 | -95% | -86% | -99% |
| Average % Change all 55 North Carolina Companies | 533% | -52% | 153% | |||||
