By Philip van Doorn, MarketWatch
There’s plenty of speculation about whether the Federal Open Market Committee will raise interest rates on Thursday.
If the Federal Reserve’s policy makers do so, it will be the first time the official federal funds rate has increased in nine years.
We thought it would be interesting to see which S&P 500 stocks have fared best since the last time the Fed raised interest rates:
|Company||Ticker||Industry||Total return - June 29, 2006 through Sept. 15, 2015|
|Priceline Group Inc.||Travel Services||4,297%|
|Regeneron Pharmaceuticals Inc.||/zigman2/quotes/203149337/composite REGN||Biotechnology||4,097%|
|Netflix Inc.||/zigman2/quotes/202353025/composite NFLX||Movies/ Entertainment||2,456%|
|Keurig Green Mountain Inc.||Food: Specialty/ Candy||2,027%|
|CF Industries Holdings Inc.||/zigman2/quotes/209482112/composite CF||Chemicals: Agricultural||1,957%|
|MasterCard Inc. Class A||/zigman2/quotes/207581792/composite MA||Finance/ Rental/ Leasing||1,885%|
|Alexion Pharmaceuticals Inc.||Biotechnology||1,790%|
|Skyworks Solutions Inc.||/zigman2/quotes/201417573/composite SWKS||Semiconductors||1,585%|
|Apple Inc.||/zigman2/quotes/202934861/composite AAPL||Computer and Telecom Equipment||1,376%|
|Amazon.com Inc.||/zigman2/quotes/210331248/composite AMZN||Internet Retail||1,256%|
The S&P 500 Index /zigman2/quotes/210599714/realtime SPX -4.04% in contrast, has returned 89% in that time.
A lot has changed since June 29, 2006, when the central bank last raised the federal funds rate, by a quarter point to 5.25%.
Even though the U.S. economy emerged from the Great Recession in the second half of 2009 and the unemployment rate has dropped to its lowest level since 2008, rates of all kinds are near record lows. The average rate for a 30-year mortgage loan, for example, was just 3.86% on Tuesday, according to Bankrate.