Download Just 14 Stocks Have Created 20% of All Stock Market Gains Since

Just 14 Stocks Have Created 20% of All Stock Market Gains Since 1924
2/7/17, 6:38 PM
Just 14 Stocks Have Created 20% of All Stock Market Gains Since
1924
In what truly is one of the most amazing statistics to ever come across our desks here at
24/7 Wall St., we recently saw a chart that showed that just 14 stocks have created 20%
of all stock market gains in dollars since 1924. That is a phenomenal figure, considering
the sheer number of companies that have come and gone in that time, and the overall
wealth created in the stock market in the past 93 years.
The chart, which was sourced from Bloomberg/Henrik Bessembinder through a Jefferies
research piece, contains many companies that have been around for years, but also
sports four tech companies, albeit one has been around since 1911.
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and 2018
In a remarkable and striking similarity, all the companies on the list are still incredibly
relevant and are still outstanding investment ideas, depending on your risk tolerance.
Here are the 14 stocks that have created 20% of all the stock market gains since 1924.
They are listed from the largest to the smallest in term of percentage of wealth creation,
and we also included when they were started.
1. Exxon Mobil Corp. (XOM), as it is known now, was formed on November 30, 1999. Both
Exxon and Mobil were descendants of Standard Oil, established by John D. Rockefeller
and partners in 1870 as the Standard Oil Company of Ohio.
2. Apple Inc. (AAPL) was founded April 1, 1976, in Cupertino, California, by Steve Jobs,
Ronald Wayne and Steve Wozniak.
3. General Electric Co. (GE) was founded in 1892 through a merger of Edison General
Electric Company, Schenectady, and Thomson-Houston Electric Company of Lynn,
Massachusetts. GE had its headquarters in Connecticut, while both the operating plants
were based in New York. The founders were Thomas Edison, Charles A. Coffin, Elihu
Thomson and Edwin J. Houston.
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Just 14 Stocks Have Created 20% of All Stock Market Gains Since 1924
2/7/17, 6:38 PM
4. Microsoft Corp. (MSFT) started on April 4, 1975, when it was founded by Bill Gates
and Paul Allen in Albuquerque, New Mexico.
5. International Business Machines Corp. (IBM) started as the Computing-TabulatingRecording Company, the precursor to IBM, and was founded on June 16, 1911. At its
beginning, it was a merger of three manufacturing businesses, a product of the times
orchestrated by the financier, Charles Flint.
6. Altria Inc. (MO) was renamed from the Philip Morris Companies on January 27, 2003.
Philip Morris traces the roots of the company back to 1902, when the company was
incorporated in New York.
7. General Motors Co. (GM) was formed on September 16, 1908, in Flint, Michigan, as a
holding company controlled by William C. Durant, owner of Buick. They note that this
refers to the old GM.
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8. Johnson & Johnson (JNJ) The three Johnson brothers Robert, James and Edward
founded the company in 1886 in New Brunswick, N.J. Their initial focus was on bandages,
sterile sutures, wound care and baby products.
9. Wal-Mart Stores Inc. (WMT) was founded on July 2, 1962, when Sam Walton opened
the first Wal-Mart store in Rogers, Arkansas. The Walton family owned 24 stores, ringing
up $12.7 million in sales. The company officially incorporated as Wal-Mart Stores.
10. Procter & Gamble Co. (PG) was founded when William Procter and James Gamble,
emigrated from England and Ireland, respectively. They settled in Cincinnati initially and
met when they married sisters, Alexander Norris, their father-in-law, called a meeting in
which he persuaded his new sons-in-law to become business partners. On October 31,
1837, as a result of the suggestion, Procter & Gamble was created.
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11. Chevron Inc. (CVX) was another one of the successor companies of Standard Oil. The
company’s earliest predecessor, Pacific Coast Oil Co., was incorporated in 1879 in San
Francisco.
12. Coca-Cola Co. (KO) was founded in January 29, 1892, in Atlanta, Georgia. One of the
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Just 14 Stocks Have Created 20% of All Stock Market Gains Since 1924
2/7/17, 6:38 PM
earliest big name investors was none other than baseball legend Ty Cobb.
13. AT&T Inc. (NYSE: T) was once the Bell Telephone Company, established in 1879 by
Alexander Graham Bell, the inventor of the telephone. Bell also established American
Telephone and Telegraph Company in 1885, which acquired the Bell Telephone Company
and became the primary phone company in the United States. This company maintained a
monopoly on telephone service in the United States until anti-trust regulators split the
company in 1982.
14. Amazon.com Inc. (AMZN) was founded on July 5, 1994, by Jeff Bezos and is based
in Seattle, Washington.
There you have it, an amazing collection of the old and the new, all of which were
instrumental in bringing titanic change to the world through their products and
innovations. An incredible group of 14 companies, they have over the years
metamorphosed through various changes and incarnations and provided an astonishing
20% of all the stock market wealth that has been generated since 1924.
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