June 2, 20232 yr 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, 20232 yr by closetohumping
June 2, 20232 yr Interdasting. Wonder what the overall trend is, because I thought a lot of smaller and private companies were also relocating due to tax reasons.
June 2, 20232 yr 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.
June 2, 20232 yr Was OP high when they made this? I hope it falls off the first page and into a cliff
June 2, 20232 yr Author 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.
June 2, 20232 yr 17 minutes ago, closetohumping said: Yeah, California GDP outgrew Texas and Florida combined in H2 of 2022
June 2, 20232 yr 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.
June 3, 20232 yr 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.
June 3, 20232 yr Author 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
June 3, 20232 yr 3 hours ago, closetohumping said: Yea idk. But at least Texans get to say they stole a giant from Commiefornia Yeeee haaaw.
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