Semi-all encompassing global and domestic economics data and discussion threads.

[closetohumping 17458]

 

Gutentag, figured we need a macro economics thread.

 

Found this interesting.  Locations of domestic companies who's market cap is over 100B

 

Texas picked up a couple from California. 

 

CALIFORNIA: 21 COMPANIES/ $9.154 TRILLION
APPLE------------$2.833T
ALPHABET---------$1.576T
NVIDIA-------------$982B
META---------------$689B
VISA---------------$464B
BROADCOM-----------$339B
CHEVRON------------$288B
SALESFORCE---------$212B
CISCO--------------$202B
ADOBE--------------$195B
AMD----------------$192B
NETFLIX------------$179B
DISNEY-------------$161B
WELLS FARGO--------$150B
INTEL--------------$129B
QUALCOMM-----------$129B
INTUIT-------------$118B
AMGEN--------------$114B
APPLIED MATERIALS--$113B
SERVICE NOW--------$110B
INTUITIVE SURGICAL-$108B

NEW YORK-NEW JERSEY-CONNECTICUT: 15 COMPANIES/ $3.027 TRILLION
JP MORGAN CHASE-----$402B
JOHNSON & JOHNSON---$401B
MASTERCARD----------$351B
MERCK---------------$281B
PEPSICO-------------$251B
PFIZER--------------$214B
VERIZON-------------$150B
PHILIP MORRIS-------$139B
MORGAN STANLEY------$137B
BRISTOL-MYERS SQUIBB$137B
AMERICAN EXPRESS----$120B
S&P GLOBAL----------$118B
IBM-----------------$117B
GOLDMAN SACHS-------$105B
BLACKSTONE----------$104B

TEXAS: 7 COMPANIES/ $1.859 TRILLION
TESLA---------------$657B
EXXON MOBIL---------$417B
ORACLE--------------$286B
TEXAS INSTRUMENTS---$159B
CONOCOPHILLIPS------$120B
AT&T----------------$113B
CATERPILLAR---------$107B

WASHINGTON: 5 COMPANIES/ $4.173 TRILLION
MICROSOFT----------$2.473T
AMAZON-------------$1.196T
COSTCO---------------$227B
T-MOBILE US----------$166B
STARBUCKS------------$111B

ILLINOIS: 5 COMPANIES/ $827 BILLION
ABBVIE--------$235B
MCDONALDS-----$210B
ABBOTT LABS---$178B
DEERE & CO----$104B
MONDELEZ------$100B

GEORGIA: 3 COMPANIES/ $692 BILLION
HOME DEPOT----$289B
COCA COLA-----$259B
UPS-----------$144B

NORTH CAROLINA: 3 COMPANIES/ $471 BILLION
BANK OF AMERICA---$221B
HONEYWELL---------$129B
LOWE'S------------$121B

MASSACHUSETTS-RHODE ISLAND: 3 COMPANIES/ $450 BILLION
THERMO FISHER SCIENTIFIC---$200B
RAYTHEON-------------------$137B
GENERAL ELECTRIC-----------$113B

DC-MARYLAND-VIRGINIA: 3 COMPANIES/ $409 BILLION
DANAHER-----------$171B
BOEING------------$125B
LOCKHEED MARTIN---$113B

NEBRASKA:2 COMPANIES/ $826 BILLION
BERKSHIRE HATHWAY---$707B
UNION PACIFIC-------$119B

MINNESOTA: 2 COMPANIES/ $569 BILLION
UNITEDHEALTH GROUP--$459B
MEDTRONIC-----------$110B

INDIANA: 2 COMPANIES/ $524 BILLION
ELI LILLY-----$414B
ELEVANCE------$110B

ARKANSAS:
WALMART------$397B

OHIO:
PROCTOR & GAMBLE--$339B

PENNSYLVANIA-DELAWARE:
COMCAST-------$162B

OREGON:
NIKE----------$150B

FLORIDA:
NEXTERA ENERGY-$147B

MICHIGAN:
STRYKER-------------$105B

https://www.tradingview.com/markets/...ers-large-cap/ 

Edited June 2, 2023 by closetohumping

[Hefeweizen 5328]

Interdasting.  Wonder what the overall trend is, because I thought a lot of smaller and private companies were also relocating due to tax reasons.

[Zwylde 812]

Did Oracle really move "corporate" to Austin?  That may be old news but I must have missed it.  I work with Netsuite a bunch and knew that a lot of their resources are now in Austin but I didn't know they pulled a Tesla.

[StassneyHorn 6635]

Was OP high when they made this? I hope it falls off the first page and into a cliff

[closetohumping 17458]

2 hours ago, Hefeweizen said:

Interdasting.  Wonder what the overall trend is, because I thought a lot of smaller and private companies were also relocating due to tax reasons.

I'm sure the sunbelt will continue to out grow the coasts but here's some fuzzy math:

 

Top 10 States H2 2022 GDP:

State----H2 2022 Growth--Q4 GDP
CA-----+$143B--+4.01%--$3.701T
FL-----+$66B--+4.81%--$1.437T
TX-----+$65B--+2.76%--$2.419T
NY-----+$64B--+3.14%--$2.098T
GA-----+$33B--+4.14%--$778B
IL-----+$33B---+3.22%--$1.057T
WA-----$30B--+4.18%--$747B
MA-----+$28B--+4.12%--$707B
NC-----+$28B--+3.87%--$751B
NJ-----+$27B--+3.66%--$764B'

 

Yeah, California GDP outgrew Texas and Florida combined in H2 of 2022

48 minutes ago, Zwylde said:

Did Oracle really move "corporate" to Austin?  That may be old news but I must have missed it.  I work with Netsuite a bunch and knew that a lot of their resources are now in Austin but I didn't know they pulled a Tesla.

They are.

[Incredulity 11682]

17 minutes ago, closetohumping said:

Yeah, California GDP outgrew Texas and Florida combined in H2 of 2022

[Hefeweizen 5328]

Florida is actually a little bit underwhelming.  And given the direction of the state vis a vis corporations I suspect that will not change.  I see it as continuing to attract wealthy retirees fleeing high personal tax rates but not much else.  Their infrastructure sucks and is only going to get worse.  None of the natural advantages Texas or California have, plus the wonder of increasingly terrible hurricanes.

 

 The one I expect to continue growing is Georgia.  A lot more so than its neighbors.

[hornmpa96 2620]

16 hours ago, Zwylde said:

Did Oracle really move "corporate" to Austin?  That may be old news but I must have missed it.  I work with Netsuite a bunch and knew that a lot of their resources are now in Austin but I didn't know they pulled a Tesla.

Oracle technically moved their HQ to Austin but they didn’t make any employees move. I’m curious how many actual HQ employees sit in Austin.

[Fudge Nuggets 19211]

So just a corporate welfare scheme with no economic benefit to Texas?

[closetohumping 17458]

3 hours ago, Fudge Nuggets said:

So just a corporate welfare scheme with no economic benefit to Texas?

Yea idk. But at least Texans get to say they stole a giant from Commiefornia

[Fudge Nuggets 19211]

3 hours ago, closetohumping said:

Yea idk. But at least Texans get to say they stole a giant from Commiefornia

Yeeee haaaw.