The S&P 500 hit a bottom back in March 2009, spurring on a nine-year bull market. Odds are if you were in the market during this time you made some money, whether it was investing in the indices or equities. 24/7 Wall St. taking a look back to when the S&P 500 bottomed to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,677.67, more than quadrupling its bottom nearly nine years ago.
So how does Intel Corp. (NASDAQ: INTC) measure up?
On an adjusted close basis, Intel closed March 6, 2009, at $9.29 a share, or $12.41 on an unadjusted basis. Intel most recently closed at $47.84 on an adjusted basis.
On the surface, it’s obvious that Intel’s growth over this nine-year period outpaced the broad markets. To put some numbers to this, Intel shares gained roughly 415%. So if you had invested $1,000 in Intel back then, you would have $5,149.62 as of Thursday’s close.
Over the past 52 weeks, Intel has outperformed the broad markets, with its shares up about 33%. In just 2018 alone, Intel is only up about 3%.
Shares of Intel recently traded near $47, with a consensus analyst price target of $52.69 and a 52-week range of $33.23 to $50.90.