Even though the S&P 500 is down 30% since Bush was confirmed as President in 2000, Russell 1,000 stocks based in his hometown of Houston are up an average of 165%. Granted, these are mostly Energy companies that saw huge gains during oil's multi-year rally during Bush's tenure, but it's still an interesting data point.
With Bush's hometown stocks performing so well during his Presidency, we thought we'd highlight the companies based in and around the hometowns of Obama (Chicago) and McCain (Phoenix). Some of the more notable names in Chicago include Baxter (BAX), McDonald's (MCD), Kraft Foods (KFT), Walgreen (WAG), Boeing (BA), Sears (SHLD), CME, and Motorola (MOT). Key companies in Phoenix include Apollo Group (APOL), PetSmart (PETM), First Solar (FSLR), and Southern Peru Copper (PCU). Depending on who wins today, we'll keep an index of the two groups of "hometown" stocks to see how they do over the next four years.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.
I think you are confusing Bush 43 with Bush 41. Since 43 (aka "W") has been POTUS, his home has been the ranch outside Crawford. Before that, he lived in Austin for 6 years while he was Governor of the Great State of Texas. Before that he lived in Dallas; and before that, in Midland. He grew up in Odessa and was born in New Haven, CT. Houston is a fine city, but if he ever lived there I don't think I would call it his hometown.
Posted by: SuperDave (not the stuntman) from Dallas | November 04, 2008 at 06:44 PM
Whoa, that is interesting.
In hawaii, we are lagging the market too. We have room to fall, imo. Anyway, I'll look deeper into this later. thanks bro.
-gio
Posted by: Gio | December 31, 2008 at 05:51 PM
i think there is a need of some confidence building measures by the govts in order to see rise in business activities specially stocks markets.Confidence of investors have been shattered drastically & it will take time.Oil is also on rise which will boost the investors
Posted by: Business Guide | June 10, 2009 at 01:49 PM
I think stock markets are volatile yet.We should keep a low profile yet or day trade can be a solution to some extent.Few confidence building steps need to be taken for the confidence building of investors,may be govt can help.Lets hope for the better
Posted by: Business Guide | June 12, 2009 at 01:53 PM