Jstock market under obama6/5/2023 ![]() ![]() On June 12, the Facebook page Ridin' With Biden stated, "We can't take 4 more years of Trump's 'winning,'" then listed some of President Donald Trump's "accomplishments" while in office: But in the history books, those gains will be attributed to the Obama stock market.Watch Video: Trump to issue an executive order to protect monuments The claim: America can't take four more years of President Donald Trump's "winning" Some of those stocks, like Goldman Sachs, got an extra boost after Donald Trump was elected and the stock market staged a Trump rally. Still, of the main stock index’s 469 stocks that were trading when Obama took office and remain listed today, only 12 of them ended the Obama terms in negative total return territory. Shares of Southwest Energy, Transocean and Chesapeake Energy tumbled by 63%, 58%, and 41%, respectively, while Obama was president. With oil and natural gas prices weakening in recent years, the three other stocks among the top four worst performers in the S&P 500 during the Obama years were energy companies. solar equipment producer, has seen its stock fall by 74% as prices for solar panels fell, making it the worst performing S&P 500 stock of the Obama years. With the Obama Administration providing solar subsidies, investors rushed into solar stocks, but they have largely been disappointed by the results as those subsidies faded. Obama has long been an advocate of renewable energy and has particularly promoted solar energy. The drug was approved by the Food & Drug Administration during Obama’s first term and Regeneron’s stock has surged by 2,294% while Obama has been in office. Billionaire Leonard Schleifer’s Regeneron developed a drug to treat eye disease age-related macular degeneration, Eylea, which produced $4.09 billion in 2015 sales. New medicines and treatments have produced disease-curing breakthroughs, creating massive stock market value in the process. Shares of Netflix have returned 3,037% in the last eight years.Īnother revolution that has taken place while Obama has been president involves biotechnology. During the Obama years, billionaire Reed Hastings transformed Netflix from a DVD rental-by-mail company into a video-streaming behemoth that changed the way people consume entertainment. The iPhone was introduced less than two years before he took office. The Obama years coincided with lightning-fast technological change that was reflected in the stock market. The recapitalized company took the stock market by storm, returning 3,465%. General Growth Properties filed America’s largest ever real estate bankruptcy. Shortly after Obama took office, a group of Wall Street investors led by billionaire hedge fund manager Bill Ackman reorganized a bankrupt shopping mall owner while U.S. Ulta Salon’s stock has returned 4,350% during the Obama years. Ulta Salon, Cosmetics & Fragrance has staged a stunning expansion during Obama’s presidency and now operates 949 stores across America, selling 20,000 beauty products ranging from cosmetics to skin care and salon services. ![]() In Obama’s America, the top-performing stock according to FactSet was a chain of beauty stores known for discount deals and based in Bollingbrook, Ill. stock market during the Obama years, rising 261%. Financial stocks were the third-best performing sector in the U.S. And while bankers complained about being political targets and dealt with new regulations limiting their risk-taking activities, Wall Street recovered in the years after banks received bailouts. stock market during the Obama presidency, returning 285%. Information technology was the second-best performing sector of the U.S. ![]() Both Silicon Valley and Wall Street did well under Obama. ![]()
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