Sunday, June 2, 2013

Connecticut Corp Average Stock Prices Precisely Triple Since President Obama Took Office

In a October 16, 2012 post, I found 32 Corps headquartered in the State of Connecticut, which had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on October 15, 2012, and which also had externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss From Continuing Operations of at least $100 mil in any of the previous three fiscal years.

These 32 Connecticut Corps had their average stock price increase by a very healthy 141% from the time President Obama took office in his first term and October 15, 2012, as you can see from the below link:

Connecticut Corp Average Stock Prices Up 141% Since President Obama Took Office

So, how have these companies done lately?  Well, even much better, with their average stock price precisely triple, up 200% from January 16, 2009 to the close of Friday May 31, 2013.  And this 200% increase is more than double both the 83% increase in the Dow Industrials Index and the 92% increase in the S&P 500 Index over the identical time span.

It is pretty clear that Connecticut Corps have flat out thrived during the Obama Administration, and will continue to do so, and particularly so if the US House turns to Democratic control and the US Senate remains in Democratic control, both in 2014.

Connecticut citizens have to be extremely happy with the stock market performance of their many fine Connecticut companies during the Obama Administration.

Connecticut citizens also must be very pleased with how the Obama Administration, with much assistance from the US Fed, worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Connecticut companies to flat out flourish.  This highly successful effort created a robust US economic environment which was quite a change from what existed in the just horrible financial meltdown, near Depression year of 2008.

Below here are the common stock market closing prices of each of these 32 Connecticut Corps at both the most recent date (May 31, 2013), and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

Connecticut Price Price Increase

HQs 5-31-13 1-16-09 (Decrease)





S&P 500 Index 1,630.74 850.12 92%
Dow Industrials Index 15,115.57 8,281.22 83%





Connecticut Largest Corps



Priceline.com Norwalk $803.93 $71.13 1030%
United Rentals Greenwich $56.84 $6.41 787%
Alexion Pharmaceuticals Cheshire $97.58 $18.75 420%
Hexcel Stamford $34.77 $6.91 403%
Cigna Bloomfield $67.90 $15.27 345%
Starwood Hotels & Resorts Stamford $68.30 $17.34 294%
Gartner Stamford $56.61 $14.88 280%
Crane Stamford $59.75 $17.56 240%
Aircastle Ltd Stamford $15.82 $4.72 235%
Genesee & Wyoming Greenwich $89.05 $26.80 232%
Hubbell Shelton $100.43 $32.42 210%
Amphenol Wallingford $77.90 $25.53 205%
United Natural Foods Dayville $52.92 $17.80 197%
Harman International Industries Stamford $53.10 $18.65 185%
Webster Financial Farmington $23.35 $8.21 184%
Terex Corp Westport $35.87 $14.97 140%
Stanley Black & Decker New Britain $79.22 $33.40 137%
Barnes Group Bristol $30.22 $13.08 131%
Factset Research Systems Norwalk $98.19 $42.83 129%
Hartford Financial Services Hartford $30.63 $13.80 122%
Aetna Hartford $60.38 $27.49 120%
Silgan Holdings Stamford $46.77 $23.08 103%
Emcor Group Norwalk $39.75 $20.94 90%
United Technologies Hartford $94.90 $51.10 86%
Praxair Danbury $114.33 $62.34 83%
General Electric Fairfield $23.32 $13.96 67%
WR Berkley Greenwich $40.97 $28.34 45%
Xerox Norwalk $8.79 $7.69 14%
Interactive Brokers Group Greenwich $15.77 $18.10 -13%
People's United Financial Bridgeport $13.78 $16.83 -18%
Pitney Bowes Stamford $14.68 $25.06 -41%
Frontier Communications Stamford $4.15 $7.81 -47%





Average Increase: all 32 Largest Connecticut Corps


200%





S&P 500 Index 1,630.74 850.12 92%
Dow Industrials Index 15,115.57 8,281.22 83%