Election Day 2016 is here, marking the start of the end for Obama’s Presidency. Let’s take a look back at stock market performance since the 2008 and 2012 elections to see where things stand.
Since Election Day 2012 on 11/6/12, the Russell 1,000 is up 49%. And keeping in mind that this has quite a bit of survivorship bias, the current members of the Russell 1,000 are up an average of 68% since Election Day 2012.
Below is a list of the 40 best performing Russell 1,000 stocks since the close on Election Day 2012. As shown, Netflix (NFLX) reigns supreme with a gain of 1,041%. In second place stands Acadia Pharmaceuticals (ACAD) with a gain of 940%. Keep in mind that ACAD was at $50 in July 2015, so even after being cut in half, it’s still up nearly 1,000% since the 2012 election. ABIOMED (ABMD) ranks third with a gain of 699%, and then Tesla (TSLA) ranks fourth at +518%. Tesla is the best performing stock since Election Day 2012 that wasn’t in existence as a public company on Election Day 2008.
Other notables in the top 10 include Electronic Arts (EA), Facebook (FB), Diamondback Energy (FANG), Rite Aid (RAD), and NVIDIA (NVDA). Diamondback Energy is the only Energy stock in the top 40, and there are no Materials names on the list. You won’t find many Financial sector stocks on the list either. MarketAxess (MKTX) and Western Alliance (WAL) are the only two Financial stocks that made the cut, and noticeably missing are some of the bigger banks and brokers that have been stagnant for the last four years.
You may have expected to see Amazon.com (AMZN) higher on the list given the huge run it has had over the last year or two, but it ranks 36th overall with a gain of 231% since Election Day 2012.
Election Day 2008 came at a time when financial markets were in turmoil, and given that the bottom of an epic crash came just under five months after the election, there are some huge, huge gains since President Obama claimed victory in Grant Park on November 4th, 2008. This has even more survivorship bias than the 2012 data above, but of the current Russell 1,000 members, the average stock is up 234% since Election Day 2008. As shown below, media-company Starz (STRZA) has been the top performing stock since 11/4/08 with a gain of 4,225%. At the close that day, STRZA was at $0.76/share, and now it’s at $32.78.
Netflix (NFLX) ranks as the #1 stock since Election Day 2012, and it has been the 2nd best performing stock since Election Day 2008 with a gain of 3,527%. In total, there are 22 Russell 1,000 stocks up more than 1,000% (the proverbial “10-bagger”) since Election Day 2008, including names like Priceline (PCLN), Domino’s Pizza (DPZ), Ulta Salon (ULTA), Expedia (EXPE), Sirius (SIRI), Amazon.com (AMZN), and Align Technology (ALGN). If you’ve managed to hold onto any of these stocks for the entirety of the last 8 years, congrats on the big gains!