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Current Bull Market Shakes Up Ranks of America’s Most Valuable Companies

The ranks of the most valuable American companies have experienced an interesting shift during the current bull market. In 2009, at the start of the current market, just one tech company was among the top five. Today, there are four tech companies that dominate the rankings.

What’s interesting is that as the country headed into a rough economic period in 2009, the list was filled by traditional companies in sectors considered safer (oil, retail, communications), perhaps reflecting investors’ anxiety as the markets faced uncertainty and suffered big losses. While just one of those companies, Microsoft, was a tech firm, it is also the only one back amongst the top 5 rankings in 2018.

In comparison, the most valuable companies these days are those considered innovators, and perhaps even disruptors. They’ve worked to change the flow of commerce, communications and software in ways that have brought big shifts in how people spend time and money, as well as how they work.

Top 5 February 2009
Exxon Mobil $345.4 billion
Walmart $193.1 billion
Microsoft $143.6 billion
Procter & Gamble $141.2 billion
AT&T $140.1 billion

Top 5 August 2018
Apple $1 trillion $909.7 billion
Alphabet $834.5 billion
Microsoft $819.8 billion
Berkshire Hathaway $513 billion

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.