Massachusetts is the third most densely populated state with a per capita personal income that is the third highest in the country. The state economy is diversified and encompasses the financial, higher education, and high tech industries.
Some interesting facts about Massachusetts follow:
1. Massachusetts imposes a 5.3% personal income tax on earned wages, salaries unemployment compensation, alimony, rents and royalties and certain other income.
2. Clay, lime, marble, and sand and gravel are mined in Massachusetts.
3. Milk, nursery and greenhouse, eggs and vegetables are the state’s major farm products.
4. Massachusetts has a per capita personal income of $49,875 and it ranks third nationally.
5. More than 178,000 people worked for foreign owned companies in 2007.
6. Massachusetts is a major exporter of computers and electronic products. Its main market is the United Kingdom.
7. Massachusetts ranks number one for percent of adults with a Master’s, Professional or Doctorate Degree.
8. Massachusetts workers are the nation’s fourth most productive employees, producing a per capita gross state product of $61,742.
9. 92.9% of the state population has access to primary health care.
10. The finance and insurance industry employ 7% of the population.
The following companies are headquartered in Massachusetts:
EMC Corporation (EMC) is a technology company. It develops information infrastructure, information storage systems and software. The stock has a market cap of $37.7 billion, a PE of 21, and a PEG of 1.41.
State Street Corp. (STT) is in the financial sector and its services include administration, master trust and master custody, recordkeeping, shareholder services, brokerage, and trading services among many others. The stock has a market cap of $22.9 billion, a PE of 13, and a PEG of 1.21.
Raytheon Co. (RTN) is an aerospace company that develops and sells command, control, communication and intelligence systems. The stock has a market cap of $21.5 billion, a PE of 11, a PEG of 1.36, and it pays a yield of 2.6%.
Thermo Fisher Scientific, Inc. (TMO) distributes software and analytical instruments, laboratory information management systems and security applications (among other services and products). The stock has a market cap of $21 billion, a PE of 15, and a PEG OF 1.27.
The TJX Companies, Inc. (TJX) is a retailer that offers merchandise at discounted prices in the United States and abroad. The company sells apparel, shoes, accessories, and home fashions. The stock has a market cap of $18.3 billion, a PE of 0.98, and it pays a yield of 1.3%.
Staples Inc. (SPLS) is a retailer of office products. The company sells office supply, equipment, furniture and provides services such as copying and scanning. The stock has a market cap of $17.6 billion, a PE of 18, a PEG of 1.25 and it pays a yield of 1.5%.
American Tower Corp. (AMT) is a diversified wireless and broadcast communications company. The stock has a market cap of $16.9 billion, a PE of 50, and a PEG of 2.78.
Biogen Idec Inc. (BIIB) is a biotechnology company in the business of developing and selling neurologic, oncologic, immunologic, and cardiopulmonary drugs. The stock has a market cap of $15.2 billion, a PE of 12, and a PEG of 1.38.
Genzyme Corp. (GENZ) is a biotechnology company that designs and markets drugs for treating genetic disorders, cancers, and immune diseases. The stock has a market cap of $13.9 billion, a PE of 25, and a PEG of 1.58.
Boston Properties Inc. (BXP) is a real estate investment trust that invests in office properties located in Boston, Washington D.C., New York City, and San Francisco, among other select cities. The stock has a market cap of $10.7 billion, a PE of 18, a PEG of 2.63, and it pays a yield of 2.6%.
For stocks from other states check out Alaska stocks, Hawaii stocks and South Carolina stocks. For stocks from other countries, check out WallStreetNewsNetwork.com.
Author does not own any of the above.
By Stockerblog.com
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