Boeing Up Over 1,000%
Boeing Co. (NYSE: BA) had closed at $31.00 on March 9, 2009, (or $23.87 adjusting for dividends). The shares already had come back to $50 by June 4, 2009, and they closed out 2009 above $54. With a $422 share price now, this is a gain of better than 1,200% from the bottom of the stock market, without dividend considerations. The 787 Dreamliner was merely a dream a decade ago, and the demand for jets of all sizes that Boeing manufactures now stretches as far as the eye can see.
Google Up Nearly 700%
Alphabet Inc. (NASDAQ: GOOGL) is where Google should be now in the order because that is what it was back in 2009, and Google hadn’t split up its shares yet and endured a name change. The shares also have to be tracked under the GOOG ticker to keep it apples to apples. That closing price was $144.51 on March 9, 2009. By the end of 2009, it was roughly $308, but it was $1,142.00 shortly ahead of the 10-year anniversary. That’s a gain of almost 700%.
Google is now a split company with two classes of stock. Google was almost all about search back then, but the Alphabet of today is a behemoth with Android, YouTube, Waymo and too many other underlying efforts to easily count.
JPMorgan Up 500%
JPMorgan Chase & Co. (NYSE: JPM), which was forced to take bailout money but insists to this day it would have survived regardless, was at $15.90 on the March 9, 2009, close, but being a bank it was up at $20.00 just two days later, and the banking giant’s stock closed out 2009 at $41.67, without considering the $8.00 or so in dividends since then. With its shares at $103.00 heading into the 10-year anniversary, it’s a gain of about 550%, even before considering the dividends.
Jamie Dimon is still in charge of JPMorgan today, and shareholders likely wish he could reign as board chair and chief executive for another 100 years.
Microsoft Up Nine-Fold
Microsoft Corp. (NASDAQ: MSFT) was at a price of $15.28, or actually down at $11.96 on a dividend-adjusted basis on March 6, 2009. Its adjusted closing price of $11.85 was the close on March 9, 2009. Microsoft’s stock price was back up at $18 (unadjusted) by March 23 and had hit $21 by April 30. Using an adjusted $12 price at the lows compares to a current price of $110. The Microsoft of 2019 is way different than in 2009 with Windows and the Office suites now effectively moving to a SaaS model and with the company dominating the cloud.
Netflix Up 62 Times the Bottom!
Netflix Inc. (NASDAQ: NFLX) is still the darling of the stock market to cord-cutters and investors alike. A decade later, Netflix still pays no dividend. Yet, its shares closed at $5.50 on March 9, 2009, and had recovered to $7 by April 13, 2009. But imagine what owning it then and holding for a decade would look like with close a $345 share price. It’s a gain of better than 62 times your money! What needs to be said about Netflix — other than that some analysts still question how profitable it can be in the future based on how much original content it keeps paying for?
Netflix soon will lose its Walt Disney content and faces more competition for streaming subscription services, both imminently and in the decade ahead.