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The PBR1000 May 2019 Stocks & Commodities Snapshots

June 4, 2019 by admin

May 2019 The PBR1000: A The Stock Market Bear of a Month

The Stock Market gets his first month of 2019. As a reward would he prefer a beehive full of honey or a potful of the money lost?

By Larry C. Paxton

The May 2019 US Stock Exchanges Summary: It has become the neverending story, international trade, as US/China trade negotiations are bogged down, Mexico has been threatened with tariffs to force it to become part of the illegal immigration drama. The UK Brexit situation is up in the air with Prime Minister May resigning her post. With sanctions on China’s technology behemoth Huawei the US tech sector took some hits. The US economy is still proceeding at a slower moderate pace with concerns it might be slowing further and the word “recession” is popping up more frequently. With all that The Stock Market Bear easily won all weeks in May to take his first monthly victory in a big way and severely and convincingly gouging The Stock Market Bull into submission.

The Month 5 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

The May 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

Number of Gain(+)/Loss(-) Days: DJIA 9+/13-; NASDAQ 8+/14-; SPX 8+/14-.

Record Days: DJIA 0, NASDAQ 1(05/03/19), SPX 0

Longest Gain Streak(Consecutive Days): DJIA, NASDAQ, and SPX 3 days(05/14-16 /19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(05/06-07, 17-20, 28-29/19), NASDAQ and SPX 4 days(05/06-09/19)

Big Swing Up Days(>1.00%): 4 days (05/03/19(N 1.58%), 05/14/19(N +1.14%), 05/15/19(N +1.13%), 05/21/19(N +1.08%))

Big Swing Down Days(<-1.00%): 6 days (05/07/19(D -1.79%, N -1.96%, S -1.65%), 05/13/19(D -2.38%, N -3.41%, S -2.41%), 05/17/19(N -1.04%), 05/20/19(N -1.46%), 05/23/19(D -1.11%, N -1.58%, S -1.19%), 05/31/19(D -1.41%, N -1.51%, S -1.22%))

The PBR1000 May 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 May 2019 Snapshots. The price for stocks is for the close of trading on May 31, 2019, Month % Chg is compared to April 30, 2019, YTD % Chg is compared to December 31, 2018, and the 17 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the May 2019 edition with the complete 15 Snapshots and 27 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +23% to -73%. 176 out of 998 stocks were up 0% or more. The average was a loss of 6.54%, the median was a loss of 8.06%. The DJIA was -6.69%, NASDAQ -7.93%, SPX -6.58%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Sprint	88	S	$ 6.87	+23	+18	+17
FannieMae	21	FNMA	$ 3.05	+23	+188	+15
Babcock & Wilcox	1000	BW	$ 0.43	+23	+10	-92
Calumet Specialty	667	CLMT	$ 4.25	+23	+92	-45
FreddieMac	39	FMCC	$ 2.93	+22	+179	+16

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +241% to -91%. 675 out of 997 stocks were up 0% or more. The average was a gain of 11.08%, the median was a gain of 8.51%. The DJIA was +6.38%, NASDAQ +12.33%, SPX +9.78%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Diebold Nixdorf	555	DBD	$ 8.50	-16	+241	-48
FannieMae	21	FNMA	$ 3.05	+23	+188	+15
FreddieMac	39	FMCC	$ 2.93	+22	+179	+16
Avon Products	491	AVP	$ 3.76	+18	+147	+75
Ferrellgas	880	FGP	$ 1.17	-6	+117	-73

Table 3(S13): The PBR1000 Top 5 17 Months Stock Price % Gainers

Table 3 Summary: The range was +167% to -98%. 377 out of 996 stocks were up 0% or more. The average was a loss of 0.65%. The median was a loss of 7.43%. The DJIA was +0.39%, NASDAQ +7.96%, SPX +2.93%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
AMD	444	AMD	$ 27.41	-1	+48	+167
SeaWorld	973	SEAS	$ 32.00	+20	+45	+136
Chipotle	536	CMG	$ 659.97	-4	+53	+128
Rent-A-Center	798	RCII	$ 23.86	-4	+47	+115
BlueLinx	758	BXC	$ 20.09	-22	-19	+106

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $963 billion to $0.01 billion. The average is $26.383 billion, median is $7.43 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Microsoft	25	MSFT	$ 963 B	-3	+25	+46
Amazon	5	AMZN	$ 894 B	-6	+24	+61
Apple	3	AAPL	$ 820 B	-15	+11	-6
Alphabet	15	GOOG	$ 777 B	-13	+8	+7
Facebook	55	FB	$ 522 B	-6	+36	+2
The PBR1000			$ 26,383 B	-5	+11	+2

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
The PBR1000	85,835.32	-6.5	+11.1	-0.7
DJIA	24,815.04	-6.7	+6.4	+0.4
NASDAQ	7,453.15	-7.9	+12.3	+8.0
S&P500	2,752.06	-6.6	+9.8	+2.9
GOLD	1,311.10	+2.0	+2.1	+0.5
SILVER	14.57	-2.8	-6.4	-14.2
OIL	53.50	-16.3	+16.8	-11.0

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PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 27 rankings, over 200 data/information points, hotlinks to key data, and important news items per company. This service is used by astute business professionals and shrewd investors worldwide.

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Filed Under: Snapshots Tagged With: Business Intelligence, Commodities, DJIA, Economy, Investing, Market Research, Money, NASDAQ, Personal Finance, Rankings, S&P 500, Snapshots, Spotlight, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

The PBR1000 May 2019 Breaking News Recap

June 3, 2019 by admin

The PBR1000 Experiences Some Confusion In May 2019

International relations and actions from US/China trade to Brexit created some big question marks about how The PBR1000 and all businesses should proceed.

By Larry C. Paxton

The Month of May News Summary: Markets continued to show strong reactions to the ups and downs of the US/China trade negotiations, which at month end seemed to be at an impasse. This has been compounded by President Trump announcing in the last week a 5% tariffs on all Mexican goods, to grow by 5% per month until a maximum of 25%, as an incentive for Mexico to stop and contain the flow of illegal immigrants from Central America into the US. Another factor is the failure of the UK to make a Brexit deal, which has resulted in the step down of the prime minister and forcing new elections. The US economy continues to show growth by most measures, but at a slowing pace, but consumers continue to feel optimistic about the future. US politics are stirring up more noise and controversy as the 2020 US elections are starting to take stage, sparked by President Trump’s non-traditional way of governing and managing the Executive Branch. The Mueller Report on possible Russian collusion has created more controversy. The uncertainties got a big hug from The Stock Market Bear who knocked The Stock Market Bull into near unconsciousness as stock prices backtracked to the end of January levels. The Stock Market Bear easily takes the month, the 4th 3-0 week in a row, and gets his first monthly win of 2019.

Here are The PBR1000 corporate, stock market, and economic related breaking news items of interest with hotlinks to the sources for May 2019, starting with the last active business day:

***Friday, May 31:

The PBRMarketTools US Stock Exchanges Recap for the End of May and Week 22 of 2019 ending 05/31/19:

DJIA ends month and week at 24,815.04, -3.01% from last Friday, -6.69% MTD, -4.30% QTD, +6.38% YTD, -7.50% from record 26,828.39 set 10/03/18.

NASDAQ ends month and week at 7,453.15, -2.41% from last Friday, -7.93% MTD, -3.57% QTD, +12.33% YTD, -8.71% from record 8,164.00 set 05/03/19.

SPX ends month and week at 2,752.06, -2.62% from last Friday, -6.58% MTD, -2.91% QTD, +9.78% YTD, -6.58% from record 2,945.83 set 04/30/19.

The Week 22 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

The Month 5 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

PVH(PBR314) completes $88 million acquisition of its longtime Australian partner Gazal Corporation it does not already own, gives PVH full control of its brands in Australia, did around $185 million in sales in 2018. $PVH PR link.

The US Dept of Commerce/BEA says US Preliminary April 2019 Personal Income Annual Rate is at $18.099 trillion, +0.5% from March 2019, +3.9% from April 2018. USDOC PR link.

The Federal Reserve Bank of Chicago says the 7th District Preliminary April 2019 Midwest Economy Index is at -0.04, March 2019 was at +0.21, February 2019 +0.29, April 2018 +0.49. ChiFed PR link.

The MNI May 2019 Chicago Business Barometer(>50 is Gaining) is at 54.2, April 2019 was at 52.6, March 2019 58.7, May 2018 62.7. MNI PR link.

The U of Michigan US Final May 2019 Consumer Sentiment Index is at 100.0, April 2019 was at 97.2, March 2019 98.4, May 2018 98.0. UMichigan PR link.

***Thursday, May 30:

General Motors(PBR13) to invest $24 million to expand its Fort Wayne Assembly plant in Indiana to further increase production of the all-new full size Chevrolet Silverado 1500 and GMC Sierra 1500 pickups – especially crew cab models, has invested over $1.2 billion in plant since 2015. $GM PR link.

FedEx(PBR46) Ground delivers 7 days/week during the holiday peak season, beginning in 01/20 will continue year-round for the majority of the US population. $FDX PR link.

Icahn Enterprises(PBR288 $IEP)‘s Carl Icahn sues Occidental(PBR158) over ‘hugely overpriced’ Anadarko(PBR233) deal, looking to replace Board, has a 5% stake in OXY. MarketWatch PR link.

Fifth Third Bancorp(PBR373) files application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank. $FITB PR link.

American Tower(PBR394) to acquire Eaton Towers Holding Ltd, which owns/operates approximately 5,500 communications sites across five African markets, for $1.85 billion, includes Eaton debt, to close by 12/31/19. $AMT PR link.

The US Dept of Commerce/BEA says the US 2nd Estimate for the 1Q19 Gross Domestic Product is revised from 3.2% to 3.1%, $21.049 trillion, +0.9% from 4Q18, +5.0% from 1Q18. USDOC PR link.

The US Dept of Labor says the US Initial Unemployment Claims 4 Week Average for Week Ending 05/25/19 is at 216,750, +5.2% from 04/20/19, -2.5% from 05/26/18; the Total Insured Unemployment 4 Week Moving Average Ending 05/18/19 is at 1,672,500, -0.9% from 04/13/19, -4.1% from 05/19/18; Insured Unemployment Rate is at 1.2%. USDOL PR link.

The US Energy Information Administrationsays US Crude Oil Stocks for the Week Ending 05/24/19 were at 476.5 Million Barrels, +3.5% from 04/19/19, +9.7% from 05/25/18. EIA PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Home Mortgage Rate on 05/30/19was at 3.99% with 0.5 points/fees, 04/25/19 was at 4.20%, 03/28/19 4.06%, 05/31/19 4.56%. $FMCC PR link.

***Wednesday, May 29:

DowDuPont(PBR34) says it expects non-cash impairment charges primarily related to goodwill of $800 million to $1.3 billion for quarter ending 06/30/19 due to recent separations of its business units. $DWDP PR link.

Devon Energy(PBR285) to sell its Canadian business to Canadian Natural Resources Limited for $2.8 billion, to close by end of 2Q19. $DVN PR link.

Frontier Communications(PBR343) to sell its 350,000 residential and commercial customers $619 million in revenues operations and all associated assets in Washington, Oregon, Idaho, and Montana to WaveDivision Capital, LLC in partnership with Searchlight Capital Partners for $1.352 billion cash. $FTR PR link.

Blackstone(PBR423) is selling 40 million of its nearly 180 million shares of its 34.3% stake in Invitation Homes(NYSE: INVH) for around $1 billion, will retain 26.7% stake after sale. $BX PR link.

AMC Entertainment(PBR494) now has more that 20 million households with the AMC Stubsprogram, a 700% increase since its relaunch in the summer of 2016. $AMC PR link.

Abercrombie & Fitch(PBR665) has closed 2 flagship stores, to close New York City, NY, Milan, Italy, and Fukuoka, Japan locations by 1Q20, remains on track to deliver approximately 85 new experiences through new stores, remodels and right-sizes this year. $ANF PR link.

Regis Corp(PBR985) gets agreement for the sale and conversion of an additional 190 company-owned salons to its asset-light franchise portfolio substantially located in the state of Ohio and surrounding areas to the Super C Group. $RGS PR link.

The US Federal Reserve Bank of Richmondsays the 5th District May 2019 Manufacturing Index(Annualized) is at +5%, April 2019 was at +3%, March 2019 +10%, May 2018 +17%. “Firms reported growth in spending and positive overall business conditions and remained optimistic about growth in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmondsays the 5th District May 2019 Service Sector Revenue Index(Annualized) is at +1%, April 2019 was at +26%, March 2019 +5%, May 2018 +16%. “… service sector activity softened in May… However, respondents were optimistic that growth would improve in the next six months.” RichmondFed PR link.

***Tuesday, May 28:

Wynn Resorts(PBR429) issues statement on Massachusetts Gaming Board decision that it remains suitable by clear and convincing evidence, disagrees with decision that President/CEO Matt Maddox violated company policy, but will not appeal and has paid personal and company fines imposed to avoid delays of the 5 star Encore Boston Harbor gaming resorts opening on 06/23/19. $WYNN PR link.

AMD(PBR440) announces 3rd Gen AMD Ryzen desktop processor, unveils RDNA, the next foundational gaming architecture designed to drive the future of PC gaming, console, and cloud. $AMD PR link.

Hub Group(PBR643) authorizes up to $100 million share repurchase program. $HUBG PR link.

Global Payments(PBR680) and TSYS(PBR607) to combine in an all-stock merger of equals for equity value of around $21.5 billion, will be named Global Payments, to close in 4Q19. $GPN PR link.

Meredith Corp(PBR836) sells intellectual property rights of Sports Illustrated to Authentic Brands Group for $110 million, has 120 million consumers reach, Meredith will pay ABG a licensing fee to operate the Sports Illustrated print magazine and SI.com for a minimum of two years. $MDP PR link.

SeaWorld(PBR981) to purchase approximately 5.6 million shares from an affiliate of Pacific Alliance Group; Hill Path Capital to purchase approximately 13.2 million shares from PAG and increases equity stake to approximately 34.5%. $SEAS PR link.

Avis Budget(PBR329) President/CEO Larry De Shon to step down, will remain until successor appointed, will continue to be employed until 12/31/19. $CAR PR link.

The Conference Board says the US Preliminary May 2019 Consumer Confidence Index is at 134.1, April 2019 was at 129.2, March 2019 124.2, May 2018 128.8. “… Consumers expect the economy to continue growing at a solid pace in the short-term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead.” TCB PR link.

The S&P/CoreLogic/Case-Shiller US Preliminary March 2019 National Home Price Index(01/2000=100) is at 206.23, February 2019 was at 204.90, January 2019 204.57, March 2018 198.83. Case-Shiller PR link.

***Monday, May 27:

***US Memorial Day.
***Remembering Those Who Died In Battle
So That Our Freedoms
Can Continue To Live.
***US Stock Exchanges Closed.

***Friday, May 24:

The PBRMarketTools US Stock Exchanges Recap for Week 21 of 2019 ending 05/24/19:

DJIA ends week at 25,585.69, -0.69% from last Friday, -3.79% MTD, -1.32% QTD, +9.68% YTD, -4.63% from record 26,828.39 set 10/03/18.

NASDAQ ends week at 7,637.01, -2.29% from last Friday, -5.66% MTD, -1.19% QTD, +15.10% YTD, -6.46% from record 8,164.00 set 05/03/19.

SPX ends week at 2,826.06, -1.17% from last Friday, -4.07% MTD, -0.29% QTD, +12.73% YTD, -4.07% from record 2,945.83 set 04/30/19.

The Week 21 News Summary: The concern over US/China trade continues and currently there is no resolution or end in sight. The US is rattling its saber as it deploys Navy ships near Iran and suggests it might be sending troops to the region in response to Iran’s nuclear program and involvement in terrorism. UK Prime Minister May finally gives in and resigns over her inability to get a Brexit deal. The US economy is starting to show more signs of a growth slowdown. The FOMC minutes from its latest meeting indicate a wait and see attitude towards short term federal funds interest rates. The tech and energy sectors took some heavy hits during the week with Qualcomm getting slammed with an antitrust judgment which it will appeal. Corporate earnings were mixed, with retail chains continuing to struggle as they adapt to an eCommerce world. The Stock Market Bear easily wins Week 21 3-0, its third straight weekly win, taking 3 out of 5 days. The Stock Market Bull seems a little bit dazed, confused, and uncertain, even though it maintains a strong lead year-to-date.

The Week 21 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 5 weeks
Mixed Results: 6 weeks

The Federal Reserve Board in its March 2019 paper Introducing the Distributional Financial Accounts of the United States says on page 26, “In 2018, the top 10% of U.S. households controlled 70 percent of total household wealth, up from 60 percent in 1989. The share of the top 1% of the wealth distribution increased from 23 percent to nearly 32 percent from 1989 to 2018.” USFed PR link.

***Thursday, May 23:

DowDuPont(PBR34) to do 1:3 reverse stock split on 06/01/19, is intended to increase the market price of DowDuPont’s common stock in connection with the company’s intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva, Inc, will change name to DuPont de Nemours, Inc., start trading on 06/03/19 as NYSE: DD. $DWDP PR link.

Facebook(PBR55) releases 3rd Community Standards Update, says 5% of monthly accounts are fake, disabled 1.2 billion accounts in 4Q18, 2.19 billion in 1Q19. $FB PR link.

Hartford Financial(PBR157) completes $70/share, $2.2 billion cash acquisition of Stamford, CT, based 30 locations 820 employees globally The Navigators Group(NASDAQ:NAVG), a global specialty underwriter. $HIG PR link.

Freeport-McMoRan(PBR162) to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for around $150 million, to close by end of 4Q19. $FCX PR link.

VF Corp(PBR254) completes spinoff of independent public company Kontoor Brands, will hold VF’s Jeans(Wrangler® and Lee® brands) and VF Outlet businesses in the denim category, trading as NYSE: KTB. $VFC PR link.

YUM!(PBR482)’s Taco Bell unit gets franchise partner Burman Hospitality Private Limited (BHPL) of India to sign Master Franchise Agreement, commits to developing 600 restaurants on the sub-continent in the next 10 years, to employ around 20,000. $YUM PR link.

Mattel(PBR554) extends global licensing agreement with Warner Bros. Consumer Products, will continue to be the toy licensee for DC in the girls, preschool, vehicles, games and novelty toy categories, includes new content for “DC Super Hero Girls.” $MAT PR link.

Dentsply Sirona(PBR601) to move its principal executive offices from York, PA, to Charlotte, NC, builds on reorganization plan to centralize its sales and service infrastructure in Charlotte. $XRAY PR link.

Penn Natl Gaming(PBR678) completes around $300 million cash acquisition of downtown Detroit, MI, operations of Greektown Casino-Hotel, enters into a triple net lease agreement with VICI Properties(NYSE: VICI) with an initial annual rent of approximately $55.6 million and an initial term of 15 years. $PENN PR link.

Navient(PBR963) elects Linda Mills as Chairman, effective 06/06/19 at the annual meeting, to succeed Bill Diefenderfer III who did not stand for re-election to the Board. $NAVI PR link.

The US Dept of Commerce/HUD says US Preliminary April 2019 New Family Home Sales Annual Rate is at 673,000 units, -6.9% from March 2019, +7.0% from April 2018; the April 2019 Median New Home Price is at $342,200, +11.9% from March 2019, +8.8% from April 2018. USDOC PR link.

***Wednesday, May 22:

UPS(PBR40) to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026 from Clean Energy Fuels Corp(NASDAQ: CLNE), is the largest commitment for use of RNG to date by any company in the US. $UPS PR link.

Eli Lilly(PBR115)’s Insulin Lispro Injection is now available for a 50% lower list price than its identical medicine, Humalog® U-100. $LLY PR link.

Qualcomm(PBR130 $QCOM) unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a US District Court judge ruled in a decision that could challenge the company’s business model and shake up the smartphone industry. In a separate announcement Qualcomm said it will appeal the decision. MarketWatch PR link.

Tesla(PBR139 $TSLA)‘s recent lane changing feature on Navigate on Autopilot update critiqued by Consumer Reports, says it cut off cars without leaving enough space and even passed other cars in ways that violate state laws. Consumer Reports PR link.

MGM Resorts(PBR255 $MGM) breaks off talks to buy Wynn Resorts(PBR429) $2.6 billion Encore Boston casino, only allowed one casino in state of Massachussets, Wynn to complete construction and operate the facility. MarketWatch PR link.

Sempra Energy(PBR258) in final stages of agreement with largest oil & gas company in the world, Saudi Aramco, for 20-year liquefied natural gas (LNG) sale-and-purchase agreement for 5 million tonnes per annum from its Phase 1 Port Arthur, TX, LNG export project. $SRE PR link.

Avon Products(PBR486) to be acquired by Brazil based Natura &Co (B3: NATU3) for an enterprise value of about $3.7 billion, will create a beauty products company with 40,000+ associates in 100 countries and $10 billion in annual sales, to close in early 2020. $AVP PR link.

The Federal Open Market Committee releases the Minutes for the 04/30-05/01/19 meeting. “… The projection for U.S. economic activity … was revised up on net. Real GDP growth was forecast to slow in the near term from its solid first-quarter pace, as sizable contributions from inventory investment and net exports were not expected to persist. The projection for real GDP growth over the medium term was revised up, primarily reflecting a lower assumed path for interest rates, a slightly higher trajectory for equity prices, and somewhat less appreciation of the broad real dollar….” FOMC PR link.

***Tuesday, May 21:

Alphabet(PBR15)’s Google unit has suspended business with China based Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing per US directive blacklisting Huawei. $GOOG PR link.

Kroger(PBR20) announces an exclusive grocery retail partnership agreement in the US with TerraCycle‘s circular e-commerce platform Loop, advancing Kroger’s zero-waste vision by reducing single-use plastics in the environment. $KR PR link.

Merck(PBR70) to acquire privately held cancer therapies developer Peloton Therapeutics for upfront payment of $1.05 billion plus up to $1.15 billion for milestone achievements, to close in 3Q19. $MRK PR link.

Tesla(PBR139 $TSLA) cuts Model S price by $3,000, now starts at $71,250, Model X price by $2,000, starts at $71,950, decreases offset price increases from a month ago when Tesla offered longer battery range and added a new drive system and suspension; Model 3 price was raised by $400 last week, now starts at $35,400.MarketWatch PR link.

Tesla(PBR139) CEO Elon Musk exercises option, acquires 175,000 common shares at $31.17/share, now has 34.1+ million common shares, 5.1 million from derivatives. $TSLA PR link.

Kohl’s(PBR154) announces a new collaboration with globally-renowned designer Jason Wu to create an exclusive, limited-edition women’s apparel capsule at Kohl’s stores and Kohls.com this holiday season, to be available in 11/19. $KSS PR link.

Arthur J Gallagher(PBR445) has acquired Parsippany, NJ-based RPA Insurance Services and Innovative Coverage Concepts, provides insurance and risk management services to the Restaurant and Hospitality industry, terms not disclosed. $AJG PR link.

Brunswick(PBR513) completes acquisition of 20,000+ members, nearly 2,200 boat fleet, 170 locations in the US, Canada and Europe Freedom Boat Club, terms not disclosed. $BC PR link.

Urban Outfitters(PBR626) to launch during summer 2019 Nuuly, a women’s apparel, monthly subscription rental service of its own brands, third party labels and one-of-a-kind vintage pieces, $88/month for one 6 item box valued at around $800 retail, includes option to buy. $URBN PR link.

Crane(PBR741) presents unsolicited proposal to acquire Circor International(NYSE: CIR) for $45.00/share cash, a 47% premium over the closing price on 05/20/19, an enterprise value of about $1.7 billion; previous offer presented on 04/30/19 had been rejected. $CR PR link.

Express(PBR861) hires Tim Baxter as CEO, effective 06/17/19, will succeed Interim CEO Matthew Moellering who will remain EVP/COO. $EXPR PR link.

The Natl Assn of Realtors says US Preliminary April 2019 Existing Home Sales Annual Rate is at 5,190,000 homes, -0.4% from March 2019, -4.4% from April 2018; the April 2019 Median Sales Price was at $267,300, +3.0% from March 2019, +3.6% from April 2018; April 2019 Median Time on Market was 24 days, March 2019 was 36 days, April 2018 26 days. NAR PR link.

***Monday, May 20:

Ford(PBR12 $F) to eliminate around 7,000 global salaried positions, about 10% of its workforce, by 08/31/19 as part of its Smart Redesign program. Automotive News PR link.

TMobile(PBR68) and Sprint(PBR85) agree to concessions, $59 billion all stock merger gets letter of approval from US Federal Communications Commission Chairman Ajit Pai, additional regulatory approvals needed to close transaction. $TMUS PR link.

Arconic(PBR222) authorizes an additional $500 billion for its $1 billion share repurchase program, has completed a $700 million accelerated share repurchase in April 2019, authorized a $200 million accelerated share repurchase on 05/02/19, balance available is now $600 million. $ARNC PR link.

DISH(PBR227) to acquire Echostar(PBR890)’s Broadcast Satellite Service (BSS) Businessfor 22.9 million DISH shares, around $800 million, to close in 2H19. $DISH PR link.

Ascena Retail(PBR436) to commence a wind down of Dressbarn’s operations. $ASNA PR link.

Tetra Tech(PBR712) to acquire UK-based 30 locations globally 1,600 employees consulting and engineering firm focused on water, environment and infrastructure services WYG plc(LSE: WYG) for 55 pence/share. $TTEK PR link.

Varian Medical(PBR716) to acquire privately held $43.5 million in revenues in FY19 university-level, comprehensive treatment for cancer patients provider Cancer Treatment Services International for $283 million, to close in around 2 weeks. $VAR PR link.

Marvell Technology(PBR809) to acquire Avera Semiconductor, the Application Specific Integrated Circuit (ASIC) business of GLOBALFOUNDRIES, for $650 million plus up to an additional $90 million for milestone achievements. $MRVL PR link.

Legg Mason(PBR688) increases Board from 10 to 12 members, appoints activist investor firm Trian Fund co-founders Nelson Peltz and Ed Garden to the Board, will add another director at annual meeting, Trian currently has a 4.5% stake in the company. $LM PR link.

The Federal Reserve Bank of Chicago says the US Preliminary April 2019 National Activity Index is at -0.45, March 2019 was at +0.05, February 2019 -0.57, April 2018 +0.42. ChiFed PR link.

***Friday, May 17:

The PBRMarketTools US Stock Exchanges Recap for Week 20 of 2019 ending 05/17/19:

DJIA ends week at 25,764.00, -0.69% from last Friday, -3.12% MTD, -0.64% QTD, +10.44% YTD, -3.97% from record 26,828.39 set 10/03/18.

NASDAQ ends week at 7,816.28, -1.27% from last Friday, -3.45% MTD, +1.13% QTD, +17.80% YTD, -4.26% from record 8,164.00 set 05/03/19.

SPX ends week at 2,859.53, -0.76% from last Friday, -2.93% MTD, +0.89% QTD, +14.07% YTD, -2.93% from record 2,945.83 set 04/30/19.

The Week 20 News Summary: As in past weeks US/China trade negotiations continue to draw the most attention, new tariffs have gone into effect, and it is difficult to ascertain when issues will be resolved and how long the tariffs will be in effect. Economic news was mostly good. Corporate earnings were mostly positive. The Stock Market Bear viciously took a huge chunk out of the markets on Monday, but The Stock Market Bull arrived and nearly retook the lead after 3 days. The Stock Market Bear returned on Friday, took Week 20 with a 3-0 record and his second week in a row outright victory.

The Week 20 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 4 weeks
Mixed Results: 6 weeks

Amazon(PBR5 $AMZN) is lead investor in $575 million funding round for UK delivery service Deliveroo. Deliveroo PR link.

Hewlett Packard Enterprises(PBR96) to acquire acquire Cray(NASDAQ: CRAY) for $35.00 per share in cash, around $1.3 billion, net of cash, to close by 01/31/20. $HPE PR link.

Tesla(PBR139 $TSLA) gets notice by the Natl Transportation Safety Board saying that in the Tesla Model 3 fatal accident with a semi-trailer on 03/01/19 in Florida the autopilot system was operating for 10 seconds before the crash. Transport Topics PR link.

Tesla(PBR139) completes $218 million acquisition of developer and manufacturer of ultracapacitors applied to the manufacturing of batteries Maxwell Technologies(NASDAQ: MXWL). $TSLA PR link.

Live Nation(PBR279) has acquired Los Angeles, CA-based venue operator and 1,200+ concerts/year promoter Spaceland Presents, terms not disclosed. $LYV PR link.

Brunswick(PBR513) to acquire 20,000+ members, nearly 2,200 boat fleet, 170 locations in the US, Canada and Europe Freedom Boat Club, to close in 2Q19, terms not disclosed. $BC PR link.

The Conference Board says the US Preliminary April 2019 Leading Economic Index(2016=100) is at 112.1, March 2019 was at 111.9, February 111.6. “Third Consecutive Increase; Economic Expansion to Continue in Near Term.” TCB PR link.

The U of Michigan Preliminary May 2019 Consumer Sentiment Index is at 102.4, April 2019 was at 97.2, March 2019 98.4, May 2018 98.0. “Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and longer term reaching their highest levels since 2004. The gains were recorded mostly before the trade negotiations with China collapsed and China responded with their own tariffs.” UMichigan PR link.

***Thursday, May 16:

Microsoft(PBR25) and Sony Corporationagree to partner on new innovations to enhance customer experiences in their direct-to-consumer entertainment platforms and AI solutions. $MSFT PR link.

Goldman Sachs(PBR82) to acquire $25 billion of assets under management and over 220 financial advisors serving 22,000 clients in over 90 offices across the US United Capital Financial Partners for $750 million in cash, to close in 3Q19. $GS PR link.

PG&E(PBR176) issues statement saying CAL FIRE has determined that PG&E electrical transmission lines near Pulga were a cause of the Camp Fire, accepts this determination, will continue to cooperate with all agencies involved. $PCG PR link.

Ingersoll-Rand(PBR196) completes $1.45 billion acquisition of $400 million in revenues in 2018, 1,000 employees, 7 global manufacturing locations, fluid management systems with world class brands including Milton Roy®, LMI®, Haskel®, BuTech®, Dosatron®, YZ Systems®, Williams® and Hartell® provider Precision Flow Systems from funds advised by BC Partners Advisors L.P. and The Carlyle Group(PBR616). $IR PR link.

MGM Resorts(PBR254) in 1Q19 report says it expects to be liable for up to $800 million for the 10/01/17 mass shooting at the Mandalay Bay in Las Vegas, $751 million to be covered by insurance. $MGM PR link.

PulteGroup(PBR336) adds $500 million to share repurchase program, balance available is now $762 million. $PHM PR link.

Colfax(PBR668) to sell its Air and Gas Handling business to KPS Capital Partners for an enterprise value of $1.80 billion, to close in 2H19. $CFX PR link.

Chico’s FAS(PBR830) Board unanimously rejects unsolicited proposal to be acquired by Sycamore Partners for $3.50/share, says proposal substantially undervalues Chico’s FAS. $CHS PR link.

Fred’s(PBR907) to close 104 underperforming stores in the Southeast US, liquidation sales to start today, closures to by completed by 06/30/19. $FRED PR link.

Fluor(PBR155) names Interim CEO Carlos Hernandez as CEO and appoints him to the Board. $FLR PR link.

The US Dept of Commerce/HUD says US Preliminary April 2019 New Residential Construction Private Housing Building Permits Issued Annual Rate was at 1,296,000, +0.6% from March 2019, -5.0% from April 2018. USDOC PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District May 2019 Manufacturing General Activity Index is at +16.6, April 2019 was at +8.5, March 2019 +13.7, May 2018 +32.3. “Responses … suggest continued growth for the region’s manufacturing sector… The firms continued to be cautiously optimistic about growth over the next six months.” PhillyFed PR link.

***Wednesday, May 15:

Amazon(PBR5 $AMZN) breaks ground on $1.5 billion air services hub at the Cincinnati/Northern Kentucky International Airport, to open by 2021, employ 2,000. Cincinnati Business Courier PR link.

Bank of America(PBR24) raises minimum hourly wage to $17, to be $20 by 05/21. $BAC PR link.

WellTower(PBR538) completes $1.25 billion acquisition of Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties. $WELL PR link.

The US Federal Reserve says that US Preliminary April 2019 Total Manufacturing Capacity Utilization is at 77.9%, March 2019 was at 78.5%, February 2019 78.5%, April 2018 78.2%, Growth Over Previous Year is at +2.0%. USFed PR link.

The US Dept of Commerce/Census says US Preliminary March 2019 Manufacturing Saleswere at $509.7 billion, Retail $453.0 billion, Wholesalers $507.4 billion, Total Sales $1.470 trillion, +1.6% from February 2019, +3.7% from March 2018. USDOC PR link.

The US Dept of Commerce/Census says US Advance April 2019 Retail Sales were at $451.9 billion, Food Services & Drinking Places $61.5 billion, Total Retail Sales $513.4 billion, -0.2% from March 2019, +3.1% from April 2018. USDOC PR link.

The Federal Reserve Bank of New York says the Empire State May 2019 Manufacturing General Business Conditions Index is at +17.8, April 2019 was at +10.1, March 2019 +3.7, May 2018 +20.6. NYFed PR link.

The Natl Assn of Home Builders says the US May 2019 Housing Market Composite Index is at 66, April 2019 was at 63, March 2019 62, May 2018 70. NAHB PR link.

***Tuesday, May 14:

Walmart(PBR1) is rolling out a no member fee free NextDay delivery service from its eCommerce site, starting in Phoenix and Las Vegas, then Southern California, to be available to 75% of US population by end of year. $WMT PR link.

Walt Disney(PBR51) will assume full operational control of Hulu in agreement with Comcast(PBR32 $CMCSA), includes option to buy Comcast interest as early as 2024 for minimum equity value of $27.5 billion. $DIS PR link.

NGL Energy(PBR170) to acquire all of the assets of Mesquite Disposals Unlimited for approximately $890 million on a cash-free, debt-free basis and combine them with NGL’s Water Solutions business, to close in 07/19. $NGL PR link.

The US Dept of Labor says US Preliminary April 2019 Import Prices were +0.2%, March 2019 was +0.6%, February 2019 +1.0%, April 2018 +0.5%, Year-To-Year -0.2%; April 2019 Export Prices were +0.2%, March 2019 +0.6%, February 2019 +0.7%, April 2018 +0.5%, Year-To-Year +0.3%. USDOL PR link.

CoreLogic says the US February 2019 Home Mortgages 30 or More Days Delinquent was at 4.0%, January 2019 was 4.0%, December 2018 4.1%, February 2018 4.8%. “The persistently impressive economic expansion continues to drive down housing market distress, with delinquencies and foreclosures hitting near two-decade lows… the future of U.S. housing and mortgage markets look bright even if short term indicators suggest cooling.” CoreLogic PR link.

***Monday, May 13:

Apple(PBR3 $AAPL) can be sued by iPhone owners because Apple Store is a monopolistic retailer for iPhone apps, says the US Supreme Court in a 5-4 opinion. SCOTUS PR link.

Amazon(PBR5) to expand its US Delivery Service Partner program through its current employees, commits to funding startup costs, up to $10,000, and the equivalent of the former employee’s gross salary for three months to start their own delivery business. $AMZN PR link.

Facebook(PBR55) raising minimum wage for contractors from $15/hour to $20/hour in San Francisco Bay area, New York City, Washington DC, and $18/hour in Seattle, to be implemented by mid 2020, content reviewers minimums to be raised up to $22/hour. $FB PR link.

Discovery(PBR287) has acquired 4.8 million readers, 4.8 million digital uniques per month Golf Digest, an official marketing partner of the PGA TOUR since 2006, from Condé Nast, terms not disclosed. $DISCA PR link.

Bristow Group(PBR959) files voluntary Chapter 11 Bankruptcy, obtained $75 million in new financing and receives commitment for an additional $75 million Debtor-In-Possession financing. $BRS PR link.

GoPro(PBR994) moving US bound production from China to Guadalajara, Mexico, in 06/19, non-US production to remain in China. $GPRO PR link.

Bed Bath & Beyond(PBR246) CEO Steve Temares has stepped down and resigned from the Board, Board member Mary Winston appointed Interim CEO, effective immediately, CEO search committee formed. $BBBY PR link.

Lincoln Electric(PBR767) former Chairman/President/CEO John M. Stropki, Jr., passes away, was with company 41 years, was 7th CEO from 2004 to 2012. $LECO PR link.

Avista(PBR958) Chairman/CEO Scott L. Morris to retire, effective 03/01/20, President Dennis P. Vermillion elected CEO effective 10/01/19, Morris to remain Executive Chairman until retirement. $AVA PR link.

The People’s Republic of China increases tariffs up to 25% on $60 billion of US imports. PRC PR link.

***Friday, May 10:

The PBRMarketTools US Stock Exchanges Recap for Week 19 of 2019 ending 05/10/19:

DJIA ends week at 25,942.37, -2.12% from last Friday, -2.45% MTD, +0.05% QTD, +11.21% YTD, -3.30% from record 26,828.39 set 10/03/18.

NASDAQ ends week at 7,916.94, -3.03% from last Friday, -2.20% MTD, +2.43% QTD, +19.32% YTD, -3.03% from record 8,164.00 set 05/03/19.

SPX ends week at 2,881.40, -2.18% from last Friday, -2.19% MTD, +1.66% QTD, +14.94% YTD, -2.19% from record 2,945.83 set 04/30/19.

The Week 19 News Summary: It was another week of political issues affecting the stock markets. The US/China trade negotiations had the primary impact, with China changing some critical verbage. US President Trump responded by imposing the additional tariffs he initially threatened for March 1st. Sanctions on Iran added some more ammunition. Quarterly corporate earnings continued to be mostly mixed. Boeing‘s issues with its 737 MAX had a big impact. The overall US economy continues to be good, but not quite as strong. Job openings were at record levels, the Consumer Price Index indicated that inflation is still low.The Stock Market Bull takes a rest and The Stock Market Bear viciously charges in to get its first 3-0 overwhelming victory since Week 12.

The Week 19 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 3 weeks
Mixed Results: 6 weeks

Buckeye Partners(PBR623) agrees to be acquired by IFM Investors for $41.50/share cash, valued at $10.3 billion enterprise value and $6.5 billion equity value, to close 4Q19. $BPL PR link.

Chico’s FAS(PBR830) to review an unsolicited proposal to be acquired by Sycamore Partnersfor $3.50/share, had previously rejected a Sycamore Partners proposal for $4.30/share. $CHS PR link.

NuStar(PBR902) to sell its storage terminal facility located at St. Eustatius in the Caribbean to Prostar Capital for approximately $250 million, to close by late 2Q19. $NS PR link.

The US Dept of Treasury says US April 2019 Federal Government Receipts were at $535.5 billion, Outlays $375.2 billion, for a Surplus of $160.3 billion, April 2018 was a Surplus of $214.3 billion; YTD(7 months) Receipts are $2.043 trillion, YTD Outlays $2.574 trillion, for a YTD Deficit of $530.9 billion, April 2018 YTD Deficit was $385.4 billion. USTreasury PR link.

The US Dept of Labor says the US April 2019 Consumer Price Index-All Items was at +0.3%, March 2019 was at +0.4%, February 2019+0.2%, April 2018 +0.2%, Last 12 Months(Unadjusted) is at +2.9%. USDOL PR link.

The US Dept of Labor says US Preliminary April 2019 Current Average Earnings/Hourwere at $27.77, Average Hours Worked/Weekwas at 34.4, Total Average Current Weekly Earnings were at $955.29, -0.1% from March 2019, +2.9% from April 2018. USDOL PR link.

***Thursday, May 9:

The April 2019 Snapshot 13 Summary: The PBR1000 Top 5 Since 12/29/17(16 months) Performers(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 04/30/19 Stock Price, % Increase from 12/29/17):

1. AMD, PBR489, $AMD, $27.63, +169%
2. BlueLinx, PBR900, $BXC, $25.72, +164%
3.Chipotle, PBR536, $CMG, $688.04, +138%
4. Rent-A-Center, PBR755, $RCII, $24.93, +125%
5. Crocs, PBR1000, $CROX, $27.85, +120%

Range: +169% to -97%
Number of Companies at 0% or Better:494/998
Average: +6.20%
Median: -0.44%%
DJIA: +7.58%
NASDAQ: +17.27%
SPX: +10.18%

Tomorrow: The PBRMarketTools US Weekly Stock Exchanges Recap.

Chevron(PBR11) will not make a counterproposal to acquire Anadarko(PBR231), Anadarko required to to pay $1 billion termination fee, Chevron to increase its share repurchase program 25% to $5 billion/year. $CVX PR link.

Synchrony Financial(PBR165) approves up to $4 billion share repurchase program. $SYF PR link.

Anadarko(PBR231) agrees to be acquired by Occidental Petroleum(PBR158) for $76.00/share comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko(PBR231) common stock, around $38 billion deal, to close 2H19, has paid $1 billion merger termination fee to Chevron(PBR11). $APC PR link.

Boston Scientific(PBR306) to acquire privately-held Superion® Indirect Decompression System developer Vertiflex for $465 million plus additional milestones achieved payments, anticipates $60 million in revenues in 2019, to close late 2Q19. $BSX PR link.

Tractor Supply(PBR369) increases existing share repurchase program by $1.5 billion, balance is around $1.9 billion. $TSCO PR link.

Tapestry(PBR469) authorizes up to $1 billion share repurchase program. $TPR PR link.

Western Union(PBR478) completes sale of its Speedpay US domestic bill pay business to ACI Worldwide for approximately $750 million cash. $WU PR link.

Perrigo(PBR509) to acquire privately-held largest private label oral care company globally with 650 employees and $287 million in revenues in 2018 Ranir Global Holdings in a transaction valued at $750 million, to close in 3Q19. $PRGO PR link.

Party City(PBR808) announces new source of helium contract for next 2 1/2 years, to close 45 of its 870 locations throughout 2019. $PRTY PR link.

Allison Transmission(PBR836) acquires nearly 5 million shares from Ashe Capital Management, authorizes additional $1 billion for its share repurchase program, total authorized now $3 billion. $ALSN PR link.

Edgewell Personal Care(PBR843) to acquire New York, NY-based 900 employees razor products provider Harry’s in a cash/stock transaction, values Harry’s at $1.37 billion, to close by 1Q20 end. $EPC PR link.

Old Republic Intl(PBR465) Chairman/CEO Aldo Zucaro to retire as CEO after 25 years, will remain Chairman, President/COO Craig Smiddy to become President/CEO, effective 10/01/19. $ORI PR link.

Symantec(PBR519) President/CEO and Board member Greg Clark steps down, effective immediately, Board member Rick Hill appointed Interim President/CEO, new CEO search starts. $SYMC PR link.

The US Dept of Labor says US Preliminary April 2019 Producer Price Index Total Monthly Final Demand is +0.2%, March 2019 was +0.6%, February 2019 +0.1%, April 2018+0.1%; April 2019 Last 12 Months Total Demand is at +2.2%, March 2019 was at +2.0%, February 2019 +2.3%, April 2018+2.6%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary March 2019 Wholesale Sales-Durable Goods was at $245.0 billion, Non-Durable Goods $262.4 billion, Total $507.4 billion, +2.3% from February 2019, +3.9% from March 2018. USDOC PR link.

The US Dept of Commerce says US March 2019 Total Exports-Goods were at $141.7 billion, Services $70.3 billion, Total Exports$212.0 billion, March 2019 Total Imports-Goods were at $214.1 billion, Services $47.8 billion, Total Imports $261.9, Total March 2019 Trade Deficit $49.9 billion, March 2019 Total Deficit YTD(3 Months) is at $150.4 billion, March 2018 Total Deficit YTD was at $156.3 billion. USDOC PR link.

***Wednesday, May 8:

The April 2019 Snapshot 12 Summary: The PBR1000 Top 5 YTD(4 months) Performers(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 04/30/19 Stock Price, % Increase from 12/31/18):

1. Diebold Nixdorf, PBR529, $DBD, $10.09, +305%
2. Pier 1 Imports, PBR908, $PIR, $0.91, +194%
3. Sears Holdings, PBR178, $SHLDQ, $0.69, +156%
4. iHeartMedia, PBR439, $IHRGQ, $1.07, +143%
5. FannieMae, PBR21, $FNMA, $2.48, +134%

Range: +305% to -85%
Number of Companies at 0% or Better:874/999
Average: +18.83%
Median: +17.83%
DJIA: +14.00%
NASDAQ: +22.01%
SPX: +17.51%

Tomorrow: The PBR1000 Top 5 Stock Performers since 12/29/17(16 months).

General Motors(PBR13) in discussions with Workhorse Group(NASDAQ: WKHS) and an affiliated, newly formed entity to sell the company’s Lordstown Complex in Lordstown, OH, Workhorse would hold a minority interest in the new entity. $GM PR link.

Fox Corp(PBR299)’s Sports unit and Stars Group to launch FOX Bet, the first-of-its kind national media and sports wagering partnership in the US. $FOX PR link.

United Rentals(PBR360) President/COO Matthew Flannery becomes President/CEO, succeeds CEO Michael Kneeland who is now Chairman of the Board. $URI PR link.

MDU Resources(PBR541) Vice Chairman Dennis W. Johnson becomes Chairman, succeeds Harry J. Pearce who did not stand for re-election to the Board. $MDU PR link.

***Tuesday, May 7:

The April 2019 Snapshot 11 Summary: The PBR1000 Top 5 Month Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 04/30/19 Stock Price, % Increase from 03/29/19):

1. Anadarko, PBR231, $APC, $72.85, +60%
2. Qualcomm, PBR130, $QCOM, $86.13, +51%
3. Frontier Communications, PBR333, $FTR, $2.85, +43%
4. Hovnanian, PBR875, $HOV, $15.22, +39%
5. Sonic Auto, PBR303, $SAH, $20.23, +37%

Range: +60% to -54%
Number of Companies at 0% or Better:718/1,000
Average: +3.99%
Median: +3.64%
DJIA: +2.56%
NASDAQ: +4.74%
SPX: +3.93%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/31/18(4 Months).

Walmart(PBR1) introduces its first online pet pharmacy for prescription medications; to offer a more wholesome assortment of pet foods; and is expanding in-store veterinary clinics. $WMT PR link.

General Motors(PBR13 $GM) driverless car Cruise unit gets $1.5 billion in investments led by T Rowe Price(PBR518), values unit at $19 billion. MarketWatch PR link.

Alphabet(PBR15)’s Waymo unit deploy 10 Waymo vehicles in Phoenix on Lyft over the next few months. $GOOG PR link.

DowDuPont(PBR34) spin-off of Corteva Agriscience as an independent public company to be effective 06/01/19, to begin trading the regular way as NYSE: CTVA on 06/03/19. $DWDP PR link.

Tesla(PBR139) CEO Elon Musk purchased $25 million of Tesla common stock at $243.00/share on 05/02/19 per SEC filing. $TSLA PR link.

Anadarko(PBR231) Board determines revised proposal from Occidental Petroleum(PBR158 $OXY) constitutes a “Superior Proposal” to the Chevron(PBR11 $CVX) Merger Agreement, Chevron can make a counter proposal, Anadarko would pay Chevron a $1 billion termination fee if it cancels the agreement. $APC PR link.

AMD(PBR437) in collaboration with the US Dept of Energy, Oak Ridge National Laboratory and Cray to develop what is expected to be the world’s fastest exascale-class supercomputer, scheduled to be delivered to ORNL in 2021. $AMD PR link.

WABCO(PBR668) sets 06/27/19 for special stockholders meeting to vote on acquisition by privately held global leader in driveline and chassis technologies ZF Friedrichshafen AG for $136.50/share, equity value of $7+ billion. $WBC PR link.

Bristow Group(PBR959) gets notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, has 6 months to get back in compliance. $BRS PR link.

The US Federal Reserve says US Preliminary March 2019 Consumer Credit Outstanding-Revolving was at $1.057 trillion, Non-Revolving$2.995 trillion, Total $4.052 trillion, +0.3% from February 2019, +1.1% YTD(3 months), +4.9% from March 2018. USFed PR link.

The US Dept of Labor says US Preliminary March 2019 Job Openings-Private was at 6,800,000, Government 688,000, Total7,488,000, +4.8% from February 2019, +8.6% from March 2018. USDOL PR link.

FannieMae(PBR21) says the US April 2019 Home Purchase Sentiment Index is at 88.3, March 2019 was at 89.8, February 2019 84.3, April 2018 91.7. “… increasing expectations among consumers that mortgage rates will continue to be favorable for some time will likely gain additional support following last week’s Fed meeting – and may also be reducing their urgency to buy.” $FNMA PR link.

The PurdueU/CME US April 2019 Ag Barometer was at 115, March 2019 was at 133, February 2019 136, April 2018 125. “Weakening perceptions of both current economic conditions and expectations for the future drove the index lower.” PurdueU/CME PR link.

***Monday, May 6:

Kraft Heinz(PBR107) to restate annual financial statements for 2016 and 2017 and quarterly statements through 09/18 per investigation by its audit committee. $KHC PR link.

Occidental Petroleum(PBR158) presents revised proposal to acquire Anadarko(PBR231), $76.00/share comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko(PBR231) common stock, still around a $38 billion deal with more cash. $OXY PR link.

Occidental Petroleum(PBR158) to sell Anadarko(PBR231)’s Algeria, Ghana, Mozambique and South Africa assets to Total SA(NYSE: TOT) for $8.8 billion contingent upon Occidental completing its acquisition of Anadarko. $OXY PR link.

Ascena Retail(PBR428) completes sale of majority interest in its subsidiary, Maurices Incto an affiliate of OpCapita for $300 million. $ASNA PR link.

Brunswick(PBR534) to sell its Fitness business to private investment firm KPS Capital Partners for around $490 million cash. $BC PR link.

Park Hotels(PBR736) to acquire upper-upscale 20 hotels with an aggregate of 6,288 rooms in eight states and the District of Columbia Chesapeake Lodging Trust(NYSE:CHSP) for $31.00/share, $2.7 billion cash and stock, to close 2H19. $PK PR link.

Sinclair Broadcast(PBR748) to acquire $3.8 billion in 2018 revenues from 74 million subscribers 21 regional sports networks, and Fox College Sports, from Walt Disney(PBR51)at a valuation of $10.6 billion. $SBGI PR link.

Affiliated Managers Group(PBR828)President/CFO Jay Horgen to become President/CEO effective after annual shareholders meeting, current CEO Nathanial Dalton to become Senior Advisor and remain on the Board. $AMG PR link.

US/China Trade: US President Trump tweets he will increase tariffs from 10% to 25% on $200 billion in Chinese produced goods effective Friday, 05/10/19, unless trade negotiations speed up. MarketWatch PR link.

***Friday, May 3:

The PBRMarketTools US Stock Exchanges Recap for Week 18 of 2019 ending 05/03/19:

DJIA ends week at 26,504.95, -0.14% from last Friday, -0.33% MTD, +2.22% QTD, +13.62% YTD, -1.21% from record 26,828.39 set 10/03/18.

NASDAQ ends week at record 8,164.00, +0.22% from last Friday, +0.85% MTD, +5.62% QTD, +23.04% YTD, +0.00% from record 8,164.00 set 05/03/19.

SPX ends week at 2,945.64, +0.20% from last Friday, -0.01% MTD, +3.92% QTD, +17.50% YTD, -0.01% from record 2,945.83 set 04/30/19.

The Week 18 News Summary: It was another week of mixed corporate earnings reports. The Federal Open Market Committee kept the short term federal funds interest rate at 2.25-2.50%, despite some political pressure to lower it. The jobs reports were more robust than anticipated. US/China trade negotiations continued but progress was difficult to ascertain. The Stock Market Bear took advantage of the FOMC report and appeared to have a lock on his first win since Week 12, but with the jobs report, The Stock Market Bull took charge to win Week 18 with his 4th in a row 2-1 mixed result.

The Week 18 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 6 weeks

ExxonMobil(PBR2) gets Guyana government and regulatory approvals for Liza Phase 2, remains on track for mid-2022, producing up to 220,000 barrels of oil per day, Liza 1 on track to achieve first oil by 1Q20, will produce up to 120,000 barrels of oil per day at peak rates, Exxon is 45% partner in project, Hess(PBR482)30%. $XOM PR link.

Marriott Intl(PBR146) President/CEO Arne Sorenson diagnosed with stage 2 pancreatic cancer, to start chemotheraphy treatments next week, anticipates surgery by year end, will remain in his role during treatments. $MAR PR link.

The US Dept of Labor says US April 2019 Total Civilian Force Employed is at 156,645,000, -103,000 from March 2019, +1,429,000 from April 2018, Unemployed at 5,825,000, -387,000 from March 2019, -510,000 from April 2018, Unemployment Rate is at 3.6%, was 3.9% in April 2018. USDOL PR link.

The Institute for Supply Management says the US April 2019 Non-Manufacturing Index(>50%=Economy Growing) is at 55.5%, March 2019 was at 56.1%, February 2019 59.7%, April 2018 57.2%. “… The non-manufacturing sector has experienced an uptick in business activity, but in general, there has been a leveling off. Respondents are still mostly optimistic about overall business conditions, but concerns remain about employment resources.” ISM PR link.

IHS Markit says the US April 2019 Composite PMI Output Index is at 53.0, March 2019 was at 54.6, February 2019 55.5, April 2018 54.9. “… business optimism about the year ahead has slumped to its lowest since mid-2016, reflecting widespread reports from companies that weaker economic growth will likely further dampen business activity in coming months.” IHS Markit PR link.

***Thursday, May 2:

ExxonMobil(PBR2) to proceed with a $2 billion investment to expand its Baytown, TX chemical plant, will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments. $XOM PR link.

McKesson(PBR7) in settlement agreement to pay $14.5 million to the State of West Virginiathis year and an additional $4.5 million per year for the next five years with the funds to be used in support of state initiatives to combat the opioid epidemic, including rehabilitation, job training, mental health and other important efforts. $MCK PR link.

3M(PBR89) to acquire global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand $1.5 billion in sales in 2018 Acelity from a consortium of Apax Partners for $6.7 billion, includes debt, to close in 2H19. $MMM PR link.

Tesla(PBR139) announces offerings of $650 million of common stock and $1,350 million aggregate principal amount of convertible senior notes due in 2024 in concurrent underwritten registered public offerings, also granted the underwriters a 30-day option to purchase up to an additional 15% of each offering, CEO Elon Musk will participate by purchasing $10 million of common stock. $TSLA PR link.

Booking(PBR210) to acquire Washington DC-based SaaS technology guest management platform for restaurants and other businesses developer Venga, will align closely with Booking Holdings’ brand OpenTable to further improve offerings for its 51,000+ restaurant partners, terms not disclosed. $BKNG PR link.

Post Holdings(PBR444) to acquire the private label ready-to-eat (“RTE”) $260 million in 2018 revenues cereal business of TreeHouse Foods(PBR461), to close in 3Q19, terms not disclosed. $POST PR link.

Bemis(PBR579) shareholders approve $57.75/share, $6.8 billion all stock transaction acquisition by Australia based Amcor Limited (ASX: AMC), to close around 05/15/19. $BMS PR link.

ITT Corp(PBR778) completes around $91 million acquisition of designer and manufacturer of centrifugal and axial flow pumps with around $69 million in sales in 2018 Rheinhütte Pumpen Group from Aliaxis Group SA. $ITT PR link.

Fluor(PBR155) CEO David T. Seaton steps down and no longer a member of the Board, will help with transition, was with company 34 years, former Chairman/CEO Alan L. Boeckmann named Executive Chairman, Chief Legal Officer/Secretary Carlos M. Hernandez named Interim CEO. $FLR PR link.

Church & Dwight(PBR605) President/CEO Matthew Farrell to add Chairman role after 2019 annual meeting, current Chairman James R. Craigie to remain on the Board. $CHD PR link.

The US Dept of Labor says US Preliminary 1Q19 Business Sector Labor Productivity Output/Hour was +3.7%, 4Q18 was at +1.2%, 3Q18 +1.5%, 1Q18 +0.9%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary March 2019 Manufacturers New Orders-Durable Goods was at $258.0 billion, Non-Durable Goods $250.2 billion, Total$508.2 billion, +1.9% from February 2019, +2.0% from March 2018, Total Year-To-Date(3 Months) $1.507 trillion, +2.6% from March 2018. USDOC PR link.

***Wednesday, May 1:

Chevron(PBR11) USA affiliate completes $350 million acquisition from Petrobas of the 466 acre complex Pasadena Refining System, includes the refinery in Texas and PRSI Trading. $CVX PR link.

Thermo-Fisher Scientific(PBR118) completes $1.7 billion cash acquisition of nearly 600 employees in Massachussets and Florida and anticipated 2019 revenues of $250 million viral vector manufacturing for gene and cell therapies provider Brammer Bio. $TMO PR link.

Newell Brands(PBR328) completes sale of its $640 million in sales in 2018 custom-designed plastic, nylons, monofilament, and zinc products manufacturer Process Solutions business to One Rock Capital Partners for $500 million after tax, and sale of its $123 million in sales in 2018 Rainbow® indoor environments products developer and manufacturer Rexair to global private equity firm Rhone Capital, to receive approximately $735 million of after-tax proceeds from these deals. $NWL PR link.

Sealed Air(PBR538) to acquire Streetsboro, OH-based 1,200 employees $290 million in 2018 sales automated bagging systems manufacturer Automated Packaging Systems for $510 million, to close in early 3Q19. $SEE PR link.

Ascena Retail(PBR428) Chairman/CEO David Jaffe retires, effective immediately, remains on the Board, President/CEO ascena brands Gary Muto named company CEO, Carrie Teffner named Interim Executive Chair. $ASNA PR link.

ServiceMaster(PBR719) appoints Naren Gursahaney as Chairman, succeeds Mark Tomkins who remains on the Board. $SERV PR link.

The US Federal Open Market Committeeissues statement saying it is keeping the short term federal funds rate at 2.25-2.50%. “… the labor market remains strong and that economic activity rose at a solid rate…” FOMC PR link.

The US Dept of Commerce/Census says US Preliminary March 2019 New Construction Spending Annual Rate is at $1.282 trillion, -0.9% from February 2019, -0.8% from March 2018. USDOC PR link.

The ISM US Preliminary April 2019 Manufacturing PMI Index(>50% economy expanding) is at 52.8%, 120th consecutive month of growth, March 2019 was at 55.3%. “Comments from the panel reflect continued expanding business strength, but at the softest levels since the fourth quarter of 2016…” ISM PR link.

The IHS Markit US April 2019 Manufacturing PMI is at 52.6, March 2019 was at 52.4, February 2019 53.0, April 2018 56.5. “Although the PMI ticked higher in April, the survey remains consistent with manufacturing acting as a drag on the economy at the start of the second quarter, albeit with the rate of contraction easing…” IHS Markit PR link.

ADP(PBR233) says US Preliminary April 2019 Change in Private Sector Jobs was +275,000, +77,000 from Small Businesses(1-49 employees), +145,000 from Mid-Sized Businesses(50-499), +53,000 from Large Businesses(500 or more). Highest increase since July 2018 with +284,000. $ADP PR link.

Automotive News says US April 2019 Light Vehicle Sales was at 1,091,930 units, -2.2% from April 2018; Average Transaction Pricewas at $34,319, +2.9% from April 2018, Average Time On Lot Before Retail Sale was at 72 days. Automotive News PR link.

***Tuesday, April 30:

The PBRMarketTools US Stock Exchanges Recap for April 2019 ending 04/30/19:

DJIA ends April at 26,592.91, +0.19% from last Friday, +2.56% MTD/QTD, +14.00% YTD, -0.88% from record 26,828.39 set 10/03/18.

NASDAQ ends April at 8,095.39, -0.63% from last Friday, +4.74% MTD/QTD, +22.01% YTD, -0.81% from record 8,161.85 set 04/29/19.

SPX ends April at record 2,945.83, +0.20% from last Friday, +3.93% MTD/QTD, +17.51% YTD, +0.0% from record 2,945.83 set 04/30/19.

The Month 4 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

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The PBR1000 April 2019 Stocks & Commodities Snapshots

May 4, 2019 by admin

April 2019 The PBR1000: The Stock Market Bull Continues to Dominate

The Stock Market Bull continues his momentum and remains unbeaten on a monthly basis in 2019.

By Larry C. Paxton

The April 2019 US Stock Exchanges Summary: While The Stock Market Bull only won outright the first week of April, he won all mixed results 2-1 the remaining three weeks to once again trounce The Stock Market Bear. This despite continued US/China trade negotiations and what appears to be a slowing global economy. But better than expected jobs reports and productivity reports continue to outweigh the negatives, and The Stock Market Bull continues his unbeaten 2019 monthly win streak.

The Month 4 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

The April 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 12+/9-; NASDAQ 14+/7-; SPX 16+/5-.

Record Days: DJIA 0, NASDAQ 3, SPX 4

Longest Gain Streak(Consecutive Days): DJIA 3 days(03/28-04/01/19, 04/03-05/19, 04/26-30/19), NASDAQ 5 days(03/28-04/03/19), SPX 8 days(03/28-04/08/19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(04/08-09/19, 04/24-25/19), NASDAQ 1 days(04/04/19, 04/09/19, 04/11/19, 04/15/19, 04/17/19, 04/24/19, 04/30/19), SPX 2 days(04/24-25/19)

Big Swing Up Days(>1.00%): 3 days (04/01/19(D +1.27%, N +1.29%, S +1.16%), 04/12/19(D +1.03%), 04/23/19(N +1.32%))

Big Swing Down Days(<-1.00%): None

The PBR1000 April 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 April 2019 Snapshots. The price for stocks is for the close of trading on April 30, 2019, Month % Chg is compared to March 29, 2019, YTD % Chg is compared to December 31, 2018, and the 16 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the April 2019 edition with the complete 15 Snapshots and 27 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +60% to -54%. 718 out of 1,000 stocks were up 0% or more. The average was a gain of +3.99%, the median was a gain of 3.64%. The DJIA was +2.56%, NASDAQ +4.74%, SPX +3.93%.

Company	PBR Rank	Symbol	Price 04/30/19	Mo % Chg	YTD % Chg	16 Mos % Chg
Anadarko Petroleum	230	APC	$ 72.85	+60	+66	+36
Qualcomm	130	QCOM	$ 86.13	+51	+51	+35
Frontier Communications	333	FTR	$ 2.85	+43	+20	-58
Hovnanian	875	HOV	$ 15.22	+39	-11	-82
Sonic Auto	303	SAH	$ 20.23	+37	+47	+10

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +305% to -85%. 874 out of 999 stocks were up 0% or more. The average was a gain of 18.83%, the median was a gain of 17.83%. The DJIA was +14.00%, NASDAQ +22.01%, SPX +17.51%.

Company	PBR Rank	Symbol	Price 04/30/19	Mo % Chg	YTD % Chg	16 Mos % Chg
Diebold Nixdorf	529	DBD	$ 10.09	-9	+305	-38
Pier 1 Imports	908	PIR	$ 0.91	+20	+194	-78
Sears Holdings	178	SHLDQ	$ 0.69	-7	+156	-81
iHeartMedia	439	IHRTQ	$ 1.07	+0	+143	+114
FannieMae	21	FNMA	$ 2.48	-11	+134	-6

Table 3(S13): The PBR1000 Top 5 15 Months Stock Price % Gainers

Table 3 Summary: The range was +169% to -97%. 494 out of 998 stocks were up 0% or more. The average was a gain of 6.20%. The median was a loss of 0.44%. The DJIA was +7.58%, NASDAQ +17.27%, SPX +10.18%.

Company	PBR Rank	Symbol	Price 04/30/19	Mo % Chg	YTD % Chg	16 Mos % Chg
AMD	489	AMD	$ 27.63	+8	+50	+169
BlueLinx	900	BXC	$ 25.72	-3	+4	+164
Chipotle	536	CMG	$ 688.04	-3	+59	+138
Rent-A-Center	755	RCII	$ 24.93	+19	+54	+125
Crocs	1000	CROC	$ 27.85	+8	+7	+120

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $994 billion to $0.01 billion. The average is $27.888 billion, median is $7.95 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 04/30/19	Mo % Chg	YTD % Chg	16 Mos % Chg
Microsoft	25	MSFT	$ 994 B	+10	+29	+51
Apple	3	AAPL	$ 965 B	+8	+30	+10
Amazon	5	AMZN	$ 954 B	+9	+32	+72
Alphabet	15	GOOG	$ 898 B	+10	+25	+23
Facebook	55	FB	$ 556 B	+17	+45	+8
The PBR1000			$ 27,888 B	+4	+18	+8

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 04/30/19	Mo % Chg	YTD % Chg	16 Mos % Chg
The PBR1000	91,714.95	+4.0	+18.8	+6.2
DJIA	26,592.91	+2.6	+14.0	+7.6
NASDAQ	8,095.39	+4.7	+22.0	+17.3
S&P500	2,945.83	+3.9	+17.5	+10.2
GOLD	1,285.70	-0.9	+0.1	-1.5
SILVER	14.98	-0.8	-3.7	-11.8
OIL	63.91	+6.2	+39.5	+6.3

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The PBR1000 April 2019 Breaking News Recap

May 3, 2019 by admin

The PBR1000 Continues to Thrive Amid Uncertainty

Despite the many turbulent economic and political storms nationally and internationally The PBR1000 remains strong and resilient.

By Larry C. Paxton

April 2019 News Recap: The US news was dominated by illegal immigration concerns, the release of the controversial Mueller report, good news on jobs and a better than expected 3.2% GDP, but otherwise mixed results for the economy, continued US/China trade negotiations, Boeing’s 737 MAX 8 airplane issues, and ending the month with President Trump and Democratic leaders agreeing to work on a $2 trillion infrastructure program. On an international basis there are concerns for a slowing global economy and the UK withdrawal from the European Union, Brexit, is still unresolved. It was a good month for The Stock Market Bull as the NASDAQ and S&P500 both hit new records with the DJIA closing in on its record.

Here are The PBR1000 corporate, stock market, and economic related breaking news items of interest with hotlinks to the sources for April 2019, starting with the last active business day:

***Tuesday, April 30:

The PBRMarketTools US Stock Exchanges Recap for April 2019 ending 04/30/19:

DJIA ends April at 26,592.91, +0.19% from last Friday, +2.56% MTD/QTD, +14.00% YTD, -0.88% from record 26,828.39 set 10/03/18.

NASDAQ ends April at 8,095.39, -0.63% from last Friday, +4.74% MTD/QTD, +22.01% YTD, -0.81% from record 8,161.85 set 04/29/19.

SPX ends April at record 2,945.83, +0.20% from last Friday, +3.93% MTD/QTD, +17.51% YTD, +0.0% from record 2,945.83 set 04/30/19.

The Month 4 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

Apple(PBR3) releases 2Q19 earnings report, adds $75 billion to share repurchase program. $AAPL PR link.

Amazon(PBR5) to expand its Denver Tech Huband create 400 new software and hardware engineering, cloud computing, and advertising high tech jobs, will open a new office in downtown Denver to accommodate expansion, will more than double its tech workforce in the Denver area. $AMZN PR link.

Marriott Intl(PBR146) announces Homes & Villas by Marriott International, a home rental initiative offering 2,000 premium and luxury homes located in over 100 destinations throughout the US, Europe, the Caribbean and Latin America. $MAR PR link.

Occidental Petroleum(PBR158) gets commitment from Berkshire Hathaway(PBR4)for $10 billion equity investment towards its $38 billion acquisition of Anararko(PBR231). $OXY PR link.

Ingersoll-Rand(PBR196) to spinoff its Industrial segment to IR shareholders, combine it with Gardner Denver(PBR758), will be be called Ingersoll-Rand, retain IR ticker; remainder of IR Climate company to be renamed, receive $1.9 billion, to close by early 2020. $IR PR link.

VF Corp(PBR253) spin-off of independent public company Kontoor Brands, Inc, which will hold VF’s Jeans(Wrangler® and Lee® brands) and VF Outlet businesses in the denim category, to be effective 05/23/19 with distribution of shares on 05/22/19, ticker will be NYSE: KTB. $VFC PR link.

PVH(PBR307) has entered into a licensing agreement with NIKE(PBR84) for the design, sourcing, marketing and worldwide distribution of NIKE-branded men’s underwear. $PVH PR link.

Altice USA(PBR310) to acquire digital-first, live business, general news and college network focused on young professional and millennial audiences with over 400 million video views a month company Cheddar for $200 million, to close within 2 months. $ATUS PR link.

The US Dept of Treasury says US 04/26/19 National Debt-Public is at $16.168 trillion, Intragovernmental Holdings $5.859 trillion, Total National Debt $22.057 trillion, was $21.068 trillion on 04/30/18. USTreasury PR link.

The US Dept of Labor says US 1Q19 Total Employee Cost Index-All(12/2005=100) is at 136.2, 4Q18 was at 135.2, 1Q18 132.5. USDOL PR link.

The Federal Reserve Bank of Chicago says the US 7th District Preliminary March 2019 Midwest Economic Index is at +0.22, February 2019 was at +0.29. ChiFed PR link.

The Conference Board says the US Preliminary April 2019 Consumer Confidence Index(1985=100) is at 129.2, March 2019 was at 124.2. “Overall, consumers expect the economy to continue growing at a solid pace into the summer months. These strong confidence levels should continue to support consumer spending in the near-term.” TCB PR link.

The April 2019 MNI Chicago Business Barometer is at 52.6, March 2019 was at 58.7, February 2019 64.7, April 2018 57.6. “This was a disappointing start to the second quarter, with more firms cutting back on both production and employment against a backdrop of softer domestic demand and the global slowdown …”MNI PR link.

The February 2019 S&P CoreLogic Case-Shiller US Natl Home Price NSA Index(Jan2000=1000) is at 212.70, January 2019 was at 212.27, December 2018 212.80, February 2018 206.51. Case-Shiller PR link.

The American Automobile Assn says the US 04/30/19 Natl Average for a Gallon of Regular Gas is at $2.882, +7.1% from 03/29/19, +2.5% from 04/30/18. AAA PR link.

***Monday, April 29:

Amazon(PBR5) leases space in Arlington, VA, to hire 400 in 2019, open first building in fall 2019, 25,000 in future for its HQ2 location. $AMZN PR link.

Kroger(PBR20) completes $215 million sale of its 800 employees Turkey Hillmanufacturing/distribution business producing popular iced teas, fruit drinks, milk, frozen dairy treats and a variety of ice creams to private equity firm Peak Rock Capital. $KR PR link.

Jacobs Engineering(PBR203) completes $3.3 billion sale of its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited (ASX: WOR). $JEC PR link.

Parker Hannifin(PBR212) to acquire privately-held Cary, NC-based $1.1 billion in annual sales, 3,100 employees broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies global provider LORD Corporation for $3.675 billion cash, to close in 4-6 months. $PH PR link.

Anadarko(PBR231) resuming its negotiations with Occidental Petroleum(PBR158), Board has unanimously determined that the Occidental Proposal of $76.00/share in shares/cash $37 billion deal could reasonably be expected to result in a “Superior Proposal” as defined in the $65/share $33 billion Chevron(PBR11) Merger Agreement. $APC PR link.

Coty(PBR304) partial tender offer for up to 150 million Class A shares at $11.65/share, a premium of approximately 38% to the 90-day volume-weighted average share price as of 02/11/19, from JAB Cosmetics NV, has expired, JAB to own 450+ million shares, have 60% stake in Coty, which will continue as a public company. $COTY PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 04/30/19 to 06/30/19 to get additional US, China, Canada and other regulatory approvals, is 10th waiver. $GNW PR link.

Charles River Labs(PBR893) completes $500 million acquisition of Europe based with operations in N America non-clinical contract research organization, specializing in regulated safety assessment services, non-regulated discovery services, and medical device testing, Citoxlab. $CRL PR link.

DaVita Healthcare(PBR264) Chairman/CEO Kent Thiry to become Executive Chairman, DaVita Kidney Care CEO Javier J. Rodriguez to become CEO, both effective 06/01/19. $DVA PR link.

The US Dept of Commerce/BEA says US Preliminary March 2019 Total Personal Income Annual Rate is at $18.053 trillion, +0.1% from February 2019, +3.9% from March 2018. USDOC PR link.

FreddieMac(PBR39) forecasts US 2019 30 year fixed mortgage rates to average 4.3%, down from 4.6% in 2018, “… wage growth has accelerated and is finally growing at the same rate as home prices for the first time in seven years. We expect to see the result of these low mortgage rates and stronger wage growth translate into better home sales in the coming months, along with better than expected refinance activity for the year.” $FMCC PR link.

***Friday, April 26:

The PBRMarketTools US Stock Exchanges Recap for Week 17 of 2019 ending 04/26/19:

DJIA ends the week at 26,543.33, -0.06% from last Friday, +2.37% MTD/QTD, +13.79% YTD, -1.06% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at record 8,146.40, +1.85% from last Friday, +5.40% MTD/QTD, +22.77% YTD, +0.00%% from record 8,146.40 set 04/26/19.

SPX ends the week at record 2,939.88, +1.20% from last Friday, +3.72% MTD/QTD, +17.27% YTD, +0.00% from record 2,939.88 set 04/26/19.

The Week 17 News Summary: It was a big week for corporate earnings which were overall mixed, with tech stocks doing well on the NASDAQ, the DJIA taking a loss for the week from the expected losses from Boeing, but surprise losses from 3M. Economic indiceswere also a little mixed, but with an unexpected +3.2% GDP annual rate in 1Q19. US/China trade negotiations continue with little additional information. The NASDAQ and S&P500 ended the week at records but the DJIA finished down just enough to make Week 17 a mixed 2-1 result for the third week in a row for The Stock Market Bull.

The Week 17 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 5 weeks

Alphabet(PBR15 $GOOG)’s Google’s Wing Aviation unit awarded the first FAA air carrier certification for a drone delivery company, approved for use in Blacksburg, VA. FAA PR link.

Bed Bath & Beyond(PBR245 $BBBY) group of three activist investors submit letter outlining plans to increase value of the company, includes replacing CEO immediately. Legion Partners Holdings PR link.

Bed Bath & Beyond(PBR245) issues statement responding to activist investors, says it’s “… multi-year transformation plan to strengthen its position as the expert for the home and heart-felt life events … is well underway and delivering results.” $BBBY PR link.

The US Dept of Commerce/BEA says US 1Q19 Advance Estimate Gross Domestic Product Annual Growth Rate is at +3.2%, $21.063 trillion, +1.0% from 4Q18, +5.1% from 1Q18. USDOC PR link.

The U of Michigan US Final April 2019 Consumer Sentiment Index is at 97.2, March 2019 was at 98.4, February 2019 93.8, April 2018 98.8. “… when asked about longer term financial prospects, 60% reported in the April survey that they expected to be better off financially over the next five years … the highest proportion ever recorded ….” UMichigan PR link.

***Thursday, April 25:

Walmart(PBR1) says because of UK prohibition of merger between its UK ASDA unit and UK based Sainsbury, merger has been terminated, will continue to focus on ASDA. $WMT PR link.

3M(PBR89) says 1Q19 was disappointing, will continue restructuring program, expects reduction of 2,000 positions worldwide. $MMM PR link.

Amgen(PBR122 $AMGN) and Astellas Pharma US agree to pay $125 million to resolve allegations that they violated the False Claims Act by illegally paying the Medicare co-pays for their own high-priced drugs. USDOJ PR link.

BB&T(PBR237) and SunTrust Banks(PBR287)discuss merger of equals per agreement announced on 02/07/19. $BBT PR link.

The US Dept of Labor says US Initial Unemployment Claims 4 Week Moving Average for the Week Ending 04/20/19 was at 206,000, -5.2% from 03/23/19, -10.1% from 04/21/18; Total Insured Unemployment 4 Week Moving Average for the Week Ending 04/13/19 was at 1,687,750, -3.6% from 03/16/19, -13.4% from 04/14/18; Uninsured Employment Rate at 1.2%, was 1.4% for Week Ending 03/16/19, 1.3% for 04/14/18. USDOL PR link.

The US Dept of Commerce/Census says US 1Q19 Total Housing Units were at 139,131,000, Rental Vacancy Rate was 7.0%, Homeowner Vacancy Rate 1.4%, Homeownership Rate64.2%, was 64.8% in 4Q18, 64.2% 1Q18. USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Mortgage Rate on 04/25/19 was at 4.20% with 0.5 points/fees, was 4.06% on 03/28/19, 4.35% on 02/28/19, 4.58% on 04/26/19. “… both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months.” $FMCC PR link.

***Wednesday, April 24:

Ford(PBR12) makes minority $500 million equity investment in Rivian, companies to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. $F PR link.

Facebook(PBR55) has record 1Q with over $15 billion in revenues, expenses include $3.0 billion fine anticipated from the US FTC for FB’s platform and user data practices. $FB PR link.

Occidental Petroleum(PBR158) proposes to acquire Anadarko(PBR231) for $76.00/share in shares & cash deal, values transaction at around $57 billion. $OXY PR link.

Anadarko(PBR231) confirms receipt of unsolicited $76.00/share in shares/cash deal, $57 billion transaction value, from Occidental Petroleum(PBR158), will review and compare to current $65/share $33 billion deal with Chevron(PBR11). $APC PR link.

USG Corp(PBR680) $44/share, $7.7 billion cash acquisition by Germany based Gebr. Knauf KGis completed. $USG PR link.

Ryman Hospitality(PBR993) enters into joint venture with Gray Television(NYSE:GTN) to create and distribute a premier linear multicast and OTT (over-the-top) channel dedicated to the country lifestyle. $RHP PR link.

Chico’s FAS(PBR829) President/CEO/Board member Shelley Broader resigns from all roles, Board member Bonnie Brooks appointed Interim CEO effective immediately, search firm hired to search for new permanent President/CEO. $CHS PR link.

The US Energy Information Administrationsays US Millions of Barrels of Crude Oil Stocks on 04/19/19 were at 460.6, 03/22/19was at 442.3, 02/22/19 445.9, 04/20/18 429.7. EIA PR link.

ADP(PBR233) says that US 1Q19 Workforce Wage Growth was at +3.8%, $28.40/hour, 4Q18was +3.4%, 3Q18 +3.5%, 1Q18 +2.9%. $ADP PR link.

***Tuesday, April 23:

Murphy Oil(PBR844) to acquire deep water Gulf of Mexico 38,000 barrels of oil equivalent per day net assets from LLOG Exploration Offshore and affiliate for $1.375 billion, to close in 2Q19 with effective date of 01/01/19. $MUR PR link.

CBS(PBR211) President/Acting CEO Joseph Ianniello agrees to extension of his contract through 12/31/19, new CEO search suspended. $CBS PR link.

Asbury Automotive(PBR417) Non-Executive Chairman Thomas C. DeLoach, Jr., steps down, remains a member of the Board, Thomas J. Reddin named successor in planned rotation. $ABG PR link.

Burlington Stores(PBR449)Chairman/President/CEO Thomas Kingsbury to step down as CEO around 09/16/19, to hire Michael O’Sullivan as CEO effective 09/16/19, Chief Merchandising Officer Jennifer Vecchio appointed President/Chief Merchandising Officer effective immediately. $BURL PR link.

Comerica(PBR671) CEO Ralph W. Babb Jr named Executive Chairman, President/Comerica Inc and Comerica Bank Curtis Farmer named CEO. $CMA PR link.

H&R Block(PBR685) co-founder Henry W Bloch dies at age 96, visionary entrepreneur and philanthropist, co-founded HRB with brother Richard in 1955. $HRB PR link.

The US Dept of Commerce/HUD says US Preliminary March 2019 New Family Home Sales Annual Rate is at 692,000, +4.5% from February 2019, +3.0% from March 2018; Median Sales Price is $302,700, -4.0% from February 2019, -9.7% from March 2018. USDOC PR link.

The Federal Reserve Bank of Richmond says the US 5th District April 2019 Manufacturing Index(Annualized) is at +3%, March 2019 was at +10%, February 2019 +16%, April 2018 -3%. “Firms were optimistic, expecting conditions to improve in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the US 5th District April 2019 Service Sector Revenue Index(Annualized) is at +26%, March 2019 was at +5%, February 2019 +17%, April 2018 +2%. “Respondents were optimistic that conditions would remain strong in the coming months.” RichmondFed PR link.

***Monday, April 22:

Sempra Energy(PBR250) completes sale of its remaining ownership interests in operating and development-stage wind assets to American Electric Power(PBR186 $AEP) for $584 million in cash, last of $2.5 billion divestiture of US renewables and non-utility natural gas storage assets. $SRE PR link.

Bemis(PBR579) $57.75/share, $6.8 billion all stock transaction acquisition by Australia based Amcor Limited (ASX: AMC) on track to close around 05/15/19 after Amcor agrees to sell some US assets. $BMS PR link.

Rent-A-Center(PBR756) to receive $92.5 million in settlement deal from Vintage Capital and B Riley for termination of acquisition proposal. RCII PR link.

Kraft Heinz(PBR107) CEO Bernardo Hees to leave effective 06/30/19, Miguel Patricio appointed to be CEO effective 07/01/19. $KHC PR link.

Bed Bath & Beyond(PBR237) appoints 5 new directors to 10 directors Board, Co-Founders Warren Eisenberg and Leonard Feinstein have transitioned to the role of Co-Founders, Co-Chairmen Emeriti and will retire from the Board, Board names Patrick Gaston as Independent Chairman, effective immediately. $BBBY PR link.

The Federal Reserve Bank of Chicago says the US Preliminary March 2029 National Activity Index is at -0.15, February 2019 was -0.31, January 2019 -0.24, March 2018 +0.32. ChiFed PR link.

The Natl Assn of Realtors says US Preliminary March 2019 Existing Home Sales Annual Rate is at 5,210,000 units, -4.9% from February 2019, -5.4% from March 2018; the Median Price was $259,400, +4.0% from February 2019, +3.8% from March 2018. NAR PR link.

***Friday, April 19:

***Good Friday.
***US Stock Exchanges Closed.

The PBRMarketTools US Stock Exchanges Recap for Week 16 of 2019 ending 04/19/19:

DJIA ends the week at 26,559.54, +0.56% from last Friday, +2.43% MTD/QTD, +13.86% YTD, -1.00% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,998.06, +0.17% from last Friday, +3.48% MTD/QTD, +20.54% YTD, -1.38% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,905.03, -0.08% from last Friday, +2.49% MTD/QTD, +15.88% YTD, -0.88% from record 2,930.75 set 09/20/18.

The Week 16 News Summary: The top news for the week was the release on Thursday of the Mueller Report, which didn’t seem to affect the stock markets other than perhaps keeping trading volumes low throughout the week which was shortened by the observance of Good Friday. Corporate earnings were mostly mixed. The Federal Reserve released the Beige Bookwhich indicated slight-to-moderate US growth. There appears to be significant progress in US/China trade negotiations with indications that a signing by leaders is being considered in late May. The Stock Market Bull and Bear each won two days of the week, but The Stock Market Bull won Week 16 in a 2-1 mixed result.

The Week 16 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 4 weeks

The US Dept of Commerce/HUD says US Preliminary March 2019 New Residential Construction Building Permits Issued Annual Rate is at 1,269,000, February 2019 was at 1,291,000, January 2019 1,317,000, March 2018 1,377,000. USDOC PR link.

***Thursday, April 18:

The US Dept of Commerce/Census says US Preliminary February 2019 Sales-Manufacturers were at $505.5 billion, Retailwas $445.5 billion, Wholesalers $495.9 billion, Total $1.447 trillion, +0.1% from January 2019, +2.5% from February 2018. USDOC PR link.

The US Dept of Commerce/Census says US Advance March 2019 Sales-Retail is at $453.0 billion, Food Services & Drinking Places was $61,1 billion, Total Sales $514.1 billion, +1.6% from February 2019, +3.6% from March 2018. USDOC PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District April 2019 Manufacturing General Activity Indicator is at 8.5, March 2019 was at 13.7, February 2019 -4.1, April 2018 23.4. PhillyFed PR link.

The Conference Board says US Preliminary March 2019 Leading Economic Index(2016=100) is at 111.9, February 2019was at 111.5, January 2019 111.4, March 2018108.9. TCB PR link.

***Wednesday, April 17:

Lear Corp(PBR137) completes $320 million acquisition of Seattle, WA-based 300 employees automotive software supplier that develops solutions for cloud, car, and mobile devices, installed in over 25 million vehicles, Xevo Inc. $LEA PR link.

PPG(PBR200) completes acquisition of Klingenberg, Germany based global automotive coatings manufacturer with 450 employees Hemmelrath, terms not disclosed. $PPG PR link.

Pier 1 Imports(PBR904) closes 30 stores in fiscal year 2019, considering closing an additional up to 45 of its 970 stores as leases expire in 2020, could increase up to 15% of stores. $PIR PR link.

The US Dept of Commerce/Census says US Preliminary February 2019 Wholesale Sales-Durable Goods is at $242.6 billion, Non-Durable Goods $253.3 billion, Total $495.9 billion, +0.3% from January 2019, +2.1% from February 2018. USDOC PR link.

The US Dept of Commerce/Census says US Preliminary February 2019 Exports-Goodswere $139.5 billion, Services $70.1 billion, Total$209.6 billion; Imports-Goods were at $211.6 billion, Services $47.5 billion, Total $259.1 billion, Trade Deficit is $49.5 billion, Total Deficit YTD(2 months) is $100.7 billion, February 2018 Total Deficit YTD was $108.8 billion. USDOC PR link.

The US Federal Reserve releases the Beige Book, says, “Economic activity expanded at a slight-to-moderate pace in March and early April…” USFed PR link.

***Tuesday, April 16:

AT&T(PBR9) 9.5% minority stake in streaming service Hulu, valued at $1.43 billion, is acquired by Hulu. $T PR link.

Intel(PBR44) acquires Basingstoke, England based optimized video and vision FPGA IP solutions provider Omnitek, terms not disclosed. $INTC PR link.

Qualcomm(PBR122) and Apple(PBR3 $AAPL)agree to drop all litigation, including with Apple’s contract manufacturers, Apple to make onetime payment to Qualcomm, reach a 6 year with 2 year extension global patent license agreement with Apple paying royalties, and a multi-year chipset supply agreement. $QCOM PR link.

MasterCard(PBR233) acquires cloud-based financing technology company for retailers Vyze, terms not disclosed. $MA PR link.

Expedia(PBR286) to acquire Liberty Expedia(NASDAQ: LEXEA, LEXEB) in an all-stock transaction, Chairman/Sr Executive Barry Diller will own approximately 29% of the voting power of the company, and Expedia Group will no longer be a controlled company under applicable NASDAQ rules. $EXPE PR link.

Smart & Final(PBR532) to be acquired by Apollo Global Mgmt(PBR772) for $6.50/share cash in a tender offer, around $500 million, to close by 3Q19. $SFS PR link.

WW(PBR974)(fka Weight Watchers) to change stock ticker symbol from NASDAQ: WTW to NASDAQ: WW, effective 04/22/19. $WTW PR link.

Caesars Entertainment(PBR517) appoints Tony Rodio as CEO, to be effective within 30 days; also announces the creation of a Transaction Committee to oversee the Company’s evaluation of ongoing efforts in creating additional shareholder value. $CZR PR link.

The US Federal Reserve says US Preliminary March 2019 Industrial Production % of Capacity is at 78.8%, February 2019 was at 79.0%, January 2019 79.1%, March 201878.2%. USFed PR link.

The Natl Assn of Home Builders Preliminary April 2019 Housing Market Composite Indexis at 63, March 2019 was at 62, February 201962, April 2018 68. “Builders report solid demand for new single-family homes but they are also grappling with affordability concerns stemming from a chronic shortage of construction workers and buildable lots …” NAHB PR link.

***Monday, April 15:

Waste Management(PBR199) to acquire Ponte Vedra, FL-based 6,000 employees $1.56 billion in 2018 revenues Advanced Disposal Services(NYSE: ADSW) for $33.15/share, $4.9 billion cash, includes $1.9 billion in debt, to close by 1Q20. $WM PR link.

Salesforce(PBR273) to acquire Salesforce.orgfor $300 million, will create a new nonprofit and education vertical. $CRM PR link.

Alliance Data(PBR358) to sell its 8,000 associates in 87 offices worldwide brand marketing Epsilon business to France based global marketing, communication, and digital transformation provider Publicis Groupe for $4.4 billion cash, to close in 3Q19. $ADS PR link.

Sears Hometown(PBR917) majority stock holder ESL Holdings and affiliates remove 2 directors from Board, appoint 2 new members, Board evaluating options including being acquired, going private, or liquidating. $SHOS PR link.

Adtalem Education(PBR983) to acquire the financial services division of compliance training, licensure preparation, continuing education and professional development across the US Brookfield, WI-based provider OnCourse Learning for around $121 million cash, to close in fiscal 4Q19. $ATGE PR link.

Best Buy(PBR69) CEO Hubert Joly to become Executive Chairman, CFO/Chief Transformation Officer Corie Barry to become CEO, Mike Mohan to become President/COO, to be effective following the 06/11/19 annual meeting. $BBY PR link.

The Federal Reserve Bank of New York says the US Empire State April 2019 Manufacturing General Business Conditions Index is at 10.1, March 2019 was at 3.7, February 2019 8.8, April 2018 17.9. “The headline general business conditions index rose six points to 10.1, indicating that growth picked up somewhat but remained fairly subdued.” NYFed PR link.

***Friday, April 12:

The PBRMarketTools US Stock Exchanges Recap for Week 15 of 2019 ending 04/12/19:

DJIA ends the week at 26,412.30, -0.05% from last Friday, +1.87% MTD/QTD, +13.22% YTD, -1.55% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,984.16, +0.57% from last Friday, +3.30% MTD/QTD, +20.33% YTD, -1.55% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,907.41, +0.51% from last Friday, +2.58% MTD/QTD, +15.98% YTD, -0.80% from record 2,930.75 set 09/20/18.

The Week 15 News Summary: The word continues to be that US/China trade negotiations are going well, US President Trump threatened new tariffs on the European Union, 1Q19 corporate earnings started to be released with generally positive results, and global and US economic reports continued to indicate a slower growth but not recession in 2019. The Stock Market Bear had a strong start to the week, but The Stock Market Bull butted back with a strong finish on Friday to take Week 15 in a mixed 2-1 result.

The Week 15 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 3 weeks

Chevron(PBR11) to acquire Anadarko(PBR246) with its 1.47 billion barrels-equivalent of proved reserves for $65/share, $33 billion in stock and cash, to close in 2H19. $CVX PR link.

GE(PBR19 $GE) in agreement with the US Dept of Justice to pay a civil penalty of $1.5 billion to resolve claims involving subprime residential mortgage loans originated by WMC Mortgage, a GE subsidiary, during 2005-2007. USDOJ PR link.

Bristol-Myers Squibb(PBR140) shareholders approve $74 billion acquisition of global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases Celgene(PBR220), to close in 3Q19. $BMY PR link.

Campbell Soup(PBR328) to sell its producer of organic beverages, dressings and carrots Bolthouse Farms to a Butterfly Equity affiliate, a Los Angeles-based private equity firm specializing in the food sector, for $510 million, to close by 07/31/19. $CPB PR link.

PG&E(PBR166) appoints Nora Mead Brownell as new Chairman, Bill Johnson to become President/CEO on 05/01/19. $PCG PR link.

NiSource(PBR516) elects Vice Chairman Kevin T. Kabat as Chairman, effective 05/07/19, to succeed retiring Richard Thompson. $NI PR link.

The US Dept of Labor says US Preliminary March 2019 Import Prices were +0.6%, Export Prices +0.7%, Year-to-Year Imports +0.0%, Year-to-Year Exports +0.6%. USDOL PR link.

The U of Michigan Preliminary April 2019 Consumer Sentiment Index is at 96.9, March 2019 was at 98.4, February 2019 93.8, April 2018 98.8. “Overall, the level of the Sentiment Index during the past 30 months was higher than any other time since 1997 to 2000, the final phase of the record 10-year expansion…” UMichigan PR link.

***Thursday, April 11:

Fred’s(PBR903) liquidations sales at 159 underperforming and unprofitable stores starts, to close these stores by end of 05/19, other 398 stores to remain open, firm retained to review strategic alternatives. $FRED PR link.

Rowan Cos(PBR978) $12 billion all-stock merger with UK based Ensco plc(NYSE: ESV)is completed, now called EnscoRowan plc(NYSE: ESV), headquarters in London, UK, US headquarters in Houston, TX. $RDC PR link.

The US Dept of Labor says US March 2019 Producer Price Index-Goods were +1.0%, Services +0.3%, Total Goods & Services+0.6%, Last 12 Months +2.0%, February 2019was +2.3%, January 2019 +2.5%, March 2018+2.9%. USDOL PR link.

***Wednesday, April 10:

Crestwood Equity(PBR597) acquires a 50% interest in Jackalope Gas Gathering Servicesfrom Williams Cos(PBR343) for approximately $485 million, positions Crestwood for long-term growth in the prolific Powder River Basin by supporting Chesapeake Energy(PBR302)’s and other producer customers’ long-term development plans. $CEQP PR link.

Qorvo(PBR711) to acquire private fabless supplier of programmable analog power solutions Active-Semi International, creates new opportunities for growth in 5G, industrial, data center, automotive and smart home markets, to close by 06/30/19, terms not disclosed. $QRVO PR link.

The US Dept of Treasury says US March 2019 Federal Government Receipts were $228.8 billion, Outlays $375.8 billion, for a Deficit of $146.9 billion, March 2018 Deficit was $208.7 billion; YTD(6 months) Receipts are $1.507 trillion, YTD Outlays $2.198 trillion, YTD Deficit$691.1 billion, March 2018 YTD Deficit was $599.7 billion. USTreasury PR link.

The US Dept of Labor says the US March 2019 Consumer Price Index-All Items was at +0.4%, February 2019 was at +0.2%, January 2019+0.0%, March 2018 -0.1%, Last 12 Months(Unadjusted) is at +1.9%. USDOL PR link.

The US Dept of Labor says US Preliminary March 2019 Average Current Earnings/Hour is at $27.70, Average Hours/Week at 34.5, Total Weekly Average Earnings at $955.65, +0.4% from February 2019, +3.2% from March 2018. USDOL PR link.

The Federal Open Market Committee releases the minutes from its 03/19-20/10 meeting, which kept the short term federal funds rate at 2.25-2.50% and indicated using “patience” in future meetings regarding the funds rate. FOMC PR link.

***Tuesday, April 9:

Principal Financial(PBR209) to acquire the $827 billion in assets under administration and 2,500 employees Wells Fargo(PBR28) Institutional Retirement & Trust business for $1.2 billion plus an earnout of up to $150 million tied to better than expected revenue retention, payable two years post-closing, to close in 3Q19. $PFG PR link.

A.O. Smith(PBR706) has acquired family owned 90 employees $60 million in annual sales Appleton, WI-based water treatment solutions provider Water-Right for $107 million cash. $AOS PR link.

The US Dept of Labor says US Preliminary February 2019 Job Openings-Private were at 6,406,000, Government 681,000, Total Job Openings 7,087,000, -7.1% from January 2019, +8.5% from February 2018. USDOL PR link.

CoreLogic says the US January 2019 Percent of Home Mortgages 30 or More Days Delinquent is at 4.0%, January 2018 was at 4.9%, January 2019 Total Percent of Homes in Foreclosure were at 0.4%, January 2018 was at 0.6%. “The 30-plus delinquency rate … is at an over 10-year low… The continued improvement in mortgage performance bodes well for the health of the U.S. market in 2019.” CoreLogic PR link.

The International Monetary Fund says the World Economic Output Growth in 2018 was at 3.6%, projects 2019 at 3.3%, 2020 at 3.6%; says the US Growth Output in 2018 was at 2.9%, projects 2019 at 2.3%, 2020 at 1.9%. IMF PR link.

***Monday, April 8:

Sears Hometown(PBR917) receives proposal to be acquired by an ESL Investments affiliate for $2.25/share, special Board committee concludes offer not in best interest of shareholders, discussions to continue. $SHOS PR link.

The US Dept of Commerce/Census says US Preliminary February 2019 Manufacturing New Orders-Durable Goods was at $250.5 billion, Non-Durable Goods $247.0 billion, Total New Orders $497.5 billion, -0.5% from January 2019, +1.5% from February 2018. USDOC PR link.

The Fannie Mae(PBR21) US March 2019 Home Purchase Sentiment Index is at 89.8, February 2019 was at 84.3, January 2019 84.7, March 2018 88.3. “Continuing a five-month trend, the net share of consumers who believe mortgage rates will go down increased 7 percentage points amid a 35 basis-point drop in mortgage rates in March alone….” $FNMA PR link.

***Friday, April 5:

The PBRMarketTools US Stock Exchanges Recap for Week 14 of 2019 ending 04/05/19:

DJIA ends the week at 26,424.99, +1.91% from last Friday/MTD/QTD, +13.28 YTD, -1.50% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,938.69, +2.71% from last Friday/MTD/QTD, +19.64 YTD, -2.11% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,892.74, +2.06% from last Friday/MTD/QTD, -1.30% from record 2,930.75 set 09/20/18.

The Week 14 News Summary: The news continues to be focused on the status of the US/China trade negotiations, with both leaders now optimistically saying a deal is coming together. President Trump has threatened to close the US Southern border with Mexicobecause of the significant increase in illegal immigrants. The UK is still struggling with how to proceed with Brexit. The global economyappears to be slowing but many prominent economists say it is a slowdown only, not a recession. The week ended with a positive employment report and a low 3.8% unemployment rate. The Stock Market Bullremained in control for another week and easily won Week 14 3-0, with all 3 major US stock exchanges starting to close in on new records.

The Week 14 YTD tally is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 2 weeks

The US Dept of Labor says US March 2019 Number of Employed is at 156,748,000, -201,000 from February 2019, +1,588,000 from March 2018; Number of Unemployed is at 6,211,000, -24,000 from February 2019, -274,000 from March 2018, Unemployment Rate is at 3.8%, same as February 2019, was 4.0% in March 2018. USDOL PR link.

The US Federal Reserve says US Preliminary February 2019 Consumer Credit Outstanding-Revolving is at $1.061 trillion, Non-Revolvingat $2.985 trillion, Total $4.046 trillion, +0.4% from January 2019, +0.8% from December 2018, +4.8% from February 2018. USFed PR link.

***Thursday, April 4:

***Wednesday, April 3:

Targa Resources(PBR323) completes $1.6 billion sale of its 45% interest in Targa Badlands, the entity that holds all of Targa’s assets in N Dakota, to Blackstone(PBR386)and affiliates. $TRGP PR link.

PG&E(PBR166) hires Bill Johnson as President/CEO, 10 new directors to be appointed, 7 current directors stepping down. $PCG PR link.

Red Robin(PBR965) President/CEO Denny Marie Post has chosen to retire after discussions with the Board, new CEO search committee formed, Chairman Pattye Moore appointed interim CEO. $RRGB PR link.

ADP(PBR218) says the US Preliminary March 2019 Change in Private Sector Employmentwas +129,000, -34.5% from February 2019, -39.4% from March 2018, Small Businesseswere +6,000, Mid-Sized Businesses +63,000, Large Businesses +60,000; Goods Producing Sector -6,000, Services Sector +135,000. $ADP PR link.

The Institute for Supply Management US March 2019 Non-Manufacturing Index(>50%=economy growing) is at 56.1%, February 2019 was at 59.7%, January 201956.7%, March 2018 58.7%. “This represents continued growth in the non-manufacturing sector, at a slower rate….” ISM PR link.

The IHS Markit US March 2019 Composite PMI Output Index is at 54.6, February 2019 was at 55.5, January 2019 54.4, March 2018 54.2. “Another solid service sector performance helped offset a deteriorating trend in manufacturing to leave the PMI surveys indicative of robust economic growth in March….” IHS Markit PR link.

***Tuesday, April 2:

Lear Corp(PBR146) to acquire Seattle, WA-based 300 employees automotive software supplier that develops solutions for cloud, car, and mobile devices, installed in over 25 million vehicles, Xevo Inc, for $320 million, to close in 2Q19. $LEA PR link.

UGI Corp(PBR365) to acquire the remaining 74% of shares it does not own of largest US retail propane marketer AmeriGas Partners(NYSE: APU) for $35.33/share, $2.45 billion, will become a wholly owned subsidiary of UGI. $UGI PR link.

Automotive News reports that US March 2019 Estimated Number of Light Vehicle Saleswere at 1,605,715, -3.1% from March 2018, Average Transaction Price was $36,733, +2.3% from March 2018, Average Incentive Outlay $3,604, YTD Units Sold(3 Months)3,989,468, -3.2% from March 2018, Annual Rate of Light Vehicle Sales are at 17,420,000. Automotive News PR link.

Edmunds reports that the average interest rate on a new vehicle loan hit its highest level in a decade with the annual percentage rate (APR) on new financed vehicles expected to average 6.36% in March, compared to 5.66% last yearand 4.44% five years ago. Edmunds PR link.

The PurdueU/CME Group US March 2019 Ag Barometer is at 133, February 2019 was at 136, January 2019 143, March 2018 135. PurdueU/CME Group PR link.

International Monetary Fund‘s Managing Director Christine Lagarde says global growth is slowing, but does not see a recession in the near term, expects some pickup in growth in 2H19 and into 2020. IMF PR link.

***Monday, April 1:

Johnson & Johnson(PBR34) completes $3.4 billion cash acquisition with additional contingent payments of up to $2.35 billion payable upon reaching certain predetermined milestones of privately held developer of robotic technologies Auris Health. $JNJ PR link.

Merck(PBR71) completes $2.4 billion cash acquisition of France based around $410 million in global revenue digital animal identification, traceability and monitoring solutions provider Antelliq Group, becomes wholly owned subsidiary with the Animal Health Division. $MRK PR link.

Kellogg(PBR224) to sell Keebler Cookies and related businesses to Italy based global confectionary group Ferrero for $1.3 billion cash, to close by 07/31/19. $K PR link.

Fortive(PBR406) completes $2.7 billion cash acquistion of Johnson & Johnson(PBR34)’s Ethicon subsidiary $775 million in revenues in 2017 Advanced Sterilization Products unit. $FTV PR link.

The US Dept of Commerce/Census says US Preliminary February 2019 Private Construction Spending was at $994.5 billion, Public Construction Spending $325.8 billion, Total Construction Spending $1.320 trillion, +1.0% from January 2019, +1.1% from February 2018. USDOC PR link.

The US Dept of Commerce/Census says US Preliminary January 2019 Sales for Manufacturers was at $503.1 billion, Retailers$446.7 billion, Wholesalers $499.8 billion, Total Sales $1.450 trillion, +0.3% from December 2018, +2.8% from January 2018. USDOC PR link.

The US Dept of Commerce/Census says US Advance February 2019 Sales-Retail were at $445.7 billion, Food Svcs/Drinking Places$60.3 billion, Total Sales $506.0 billion, -0.2% from January 2019, +2.2% from February 2018. USDOC PR link.

The Institute for Supply Management says the US March 2019 Manufacturing PMI Index(>50=economy expanding) is at 55.1%, February 2019 was at 54.2%, January 201956.6%, March 2018 59.3%. “Comments from the panel reflect continued expanding business strength….” ISM PR link.

IHS Markit says the US March 2019 Manufacturing PMI is at 52.4, February 2019was at 53.0, January 2019 54.9, March 201855.6. “The moderate improvement in the
health of the manufacturing sector was the weakest since June 2017 and notably softer than the trend seen for 2018.”IHS Markit PR link.

***Friday, March 29:

The PBRMarketTools US Stock Exchanges Recap for March 2019 ending 03/29/19:

DJIA ends March at 25,928.68, +1.67% from last Friday, +0.05% MTD, +11.15% QTD/YTD, -3.35% from record 26,743.50 set 09/21/18.

NASDAQ ends March at 7,729.32, +1.13% from last Friday, +2.61% MTD, +16.49% QTD/YTD, -4.69% from record 8,109.69 set 08/29/18.

SPX ends March at 2,834.40, +1.20% from last Friday, +1.79% MTD, +13.07% QTD/YTD, -3.29% from record 2,930.75 set 09/20/18.

The Week 13 YTD tally is:
The Stock Market Bull: 9 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 2 weeks

The Month 3 YTD tally is:
The Stock Market Bull: 3 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

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Filed Under: Recaps Tagged With: acquisitions, Business, Business Intelligence, business news, DJIA, Economy, Investing, Leadership, Market Research, mergers, Money, NASDAQ, Personal Finance, Rankings, S&P 500, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

The PBR1000 March 2019 Stocks & Commodities Snapshots

April 4, 2019 by admin

March 2019 The PBR1000: It’s the Stock Market Bull 3 Months in a Row

The Stock Market Bull prevails for the third month in a row and seems eager for more, despite The Stock Market Bear naysayers.

By Larry C. Paxton

The March 2019 US Stock Exchanges Summary: The first week of March was all The Stock Market Bear, who took advantage of US/China trade negotiations concerns, a slowing global economy, a negative US jobs report, and then a Boeing 737 MAX 8 crash. These items consumed much of the month as well. But with the aid of a great month for tech stocks The Stock Market Bull took over by the end of the month to maintain his unbeaten monthly streak in 2019.

The Month 3 YTD tally is:
The Stock Market Bull: 3 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

The March 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 11+/10-; NASDAQ 12+/9-; SPX 10+/11-.

Record Days: None

Longest Gain Streak(Consecutive Days): DJIA 4 days(03/13-18/19), NASDAQ 5 days(03/15-21/19), SPX 3 days(03/11-13/19)

Longest Loss Streak(Consecutive Days): DJIA 5 days(03/04-08/19), NASDAQ 5 days(03/04-08/19), SPX 5 days(03/04-08/19)

Big Swing Up Days(>1.00%): 2 days (03/11/19(N +2.02%, S +1.47%), 03/21/19(N +1.42%, S +1.09%))

Big Swing Down Days(<-1.00%): 2 days (03/05/19(N -1.12%), 03/22/19(D -1.77%, N -2.50%, S -1.90%))

The PBR1000 March 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 March 2019 Snapshots. The price for stocks is for the close of trading on March 29, 2019, Month % Chg is compared to February 28, 2019, YTD % Chg is compared to December 31, 2018, and the 15 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the March 2019 edition with the complete 15 Snapshots and 27 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +25% to -51%. 482 out of 1,000 stocks were up 0% or more. The average was a gain of +1.00%, the median was a loss of 0.22%. The DJIA was +0.05%, NASDAQ +2.61%, SPX +1.79%.

Company	PBR Rank	Symbol	Price 03/29/19	Mo % Chg	YTD % Chg	15Mos % Chg
Calumet	608	CLMT	$ 3.56	+25	+61	-54
Abercrombie & Fitch	639	ANF	$ 27.41	+25	+37	+57
Syneos Health	759	SYNH	$ 51.76	+24	+32	+19
Stericycle	634	SRCL	$ 54.42	+22	+48	-20
Big Lots	495	BIG	$ 38.02	+21	+31	-32

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +345% to -84%. 863 out of 1,000 stocks were up 0% or more. The average was a gain of 13.99%, the median was a gain of 13.98%. The DJIA was +11.15%, NASDAQ +16.49%, SPX +13.07%.

Company	PBR Rank	Symbol	Price 03/29/19	Mo % Chg	YTD % Chg	15 Mos % Chg
Diebold Nixdorf	530	DBD	$ 11.07	+20	+345	-32
Sears Holdings	170	SHLDQ	$ 0.74	-16	+174	-79
FannieMae	21	FNMA	$ 2.80	+4	+164	+6
FreddieMac	39	FMCC	$ 2.69	+5	+156	+7
Pier 1 Imports	905	PIR	$ 0.76	-44	+145	-82

Table 3(S13): The PBR1000 Top 5 15 Months Stock Price % Gainers

Table 3 Summary: The range was +173% to -96%. 433 out of 999 stocks were up 0% or more. The average was a gain of 1.84%. The median was a loss of 4.79%. The DJIA was +4.89%, NASDAQ +11.96%, SPX +6.01%.

Company	PBR Rank	Symbol	Price 03/29/19	Mo % Chg	YTD % Chg	15 Mos % Chg
BlueLinx	896	BXC	$ 26.64	-17	+8	+173
AMD	490	AMD	$ 25.52	+8	+38	+148
Chipotle	537	CMG	$ 710.31	+17	+65	+146
Square	847	SQ	$ 74.92	-8	+34	+116
Insperity	670	NSP	$ 123.66	-2	+32	+116

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $905 billion to $0.01 billion. The average is $26.730 billion, median is $7.59 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 03/29/19	Mo % Chg	YTD % Chg	15 Mos % Chg
Microsoft	25	MSFT	$ 905 B	+5	+17	+37
Apple	3	AAPL	$ 896 B	+10	+21	+2
Amazon	5	AMZN	$ 875 B	+9	+21	+57
Alphabet	15	GOOG	$ 816 B	+5	+13	+12
Berkshire Hathaway	4	BRKB	$ 494 B	-1	-1	+1
The PBR1000			$ 26,730 B	+1	+13	+3

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 03/29/19	Mo % Chg	YTD % Chg	15 Mos % Chg
The PBR1000	87,465.87	+1.0	+14.0	+1.8
DJIA	25,928.68	+0.1	+11.2	+4.9
NASDAQ	7,729.32	+2.6	+16.5	+12.0
S&P500	2,834.40	+1.8	+13.1	+6.0
GOLD	1,297.00	-1.4	+1.0	-0.6
SILVER	15.10	-3.5	-3.0	-11.1
OIL	60.18	+4.8	+31.4	+0.1

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The PBR1000 March 2019 Breaking News Recap

April 2, 2019 by admin

Forecasters generally agree that the global economy is slowing. Government and corporations are making adjustments, and markets are reacting.

By Larry C. Paxton

The March 2019 News Recap:
Throughout the month the US/China trade negotiations were the most consistent theme, along with concerns over global economic slowing and possible effects on the US, which showed up in the latest GDP numbers. The Federal Open Market Committee kept the short term federal funds rate at 2.25-2.50%. There continue to be repercussions over the recent Boeing 737-MAX 8 airplane crashes in Indonesia and Ethiopia. Midwest floods could have an impact on crop production and there is significant property damage. The Mueller Report, which found no collusion between the Donald Trump campaign and Russia, continues to generate controversy. The Affordable Care Act, also known as Obamacare, could be in jeopardy per a recent court decision and President Trump has said he will come up with a better plan. In Europe the UK Brexit has a new deadline for mid April and the government is in turmoil trying to figure out what to do. Regarding the US stockmarkets, Week 13 was a big win for The Stock Market Bull after having lost Week 12 and having the month be in jeopardy. But he remains unbeaten on a monthly basis and way ahead weekly.

***Friday, March 29:

The PBRMarketTools US Stock Exchanges Recap for March 2019 ending 03/29/19:

DJIA ends March at 25,928.68, +1.67% from last Friday, +0.05% MTD, +11.15% QTD/YTD, -3.35% from record 26,743.50 set 09/21/18.

NASDAQ ends March at 7,729.32, +1.13% from last Friday, +2.61% MTD, +16.49% QTD/YTD, -4.69% from record 8,109.69 set 08/29/18.

SPX ends March at 2,834.40, +1.20% from last Friday, +1.79% MTD, +13.07% QTD/YTD, -3.29% from record 2,930.75 set 09/20/18.

The Week 13 YTD tally is:
The Stock Market Bull: 9 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 2 weeks

The Month 3 YTD tally is:
The Stock Market Bull: 3 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

Bristol-Myers Squibb(PBR140) $74 billion acquisition of Celgene(PBR220) gets recommendation by independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. $BMY PR link.

Charles Schwab(PBR329) moving to a new subscription pricing model for Schwab Intelligent Advisory™ and renaming the service Schwab Intelligent Portfolios Premium™, initial one-time $300 fee for planning, and a $30 monthly subscription ($90 billed quarterly). $SCHW PR link.

Magellan Health(PBR464) to bring 4 new directors onto the Board per agreement with 9.8% activist investor stakeholder Starboard Value LP. $MGLN PR link.

Hovnanian(PBR872) does 25:1 reverse stock split, primarily intended to increase the per share trading price of the Company’s Class A common stock to regain compliance with the minimum average closing price criteria set forth in the NYSE’s Listed Company Manual. $HOV PR link.

WW(PBR974)(fka Weight Watchers) reveals new US marketing campaign for spring, “It Works,” featuring Oprah Winfrey, starts 03/31/19. $WTW PR link.

General Dynamics(PBR89) promotes Robert E. Smith to EVP/Marine Systems, effective 07/01/19, succeeds retiring John P. Casey. $GD PR link.

The US Dept of Commerce/BEA says US Preliminary February 2019 Personal Income Annual Rate is at $18.042 trillion, +0.2% from January 2019, +4.2% from February 2018. USDOC PR link.

The US Dept of Commerce says US Preliminary February 2019 New Family Homes Sold Annual Rate is at 667,000, Median Price $315,300, +3.8% from January 2019, -3.6% from February 2018, New Houses Available 340,000, Months Supply at 6.1. USDOC PR link.

The US Dept of Treasury says the US Public Debt on 03/28/19 was at $16.241 trillion, Intragovernmental Holdings $5.788 trillion, Total US Debt $22.029 trillion, -0.4% from 02/28/19, +0.3% YTD(3 months), +4.5% from 03/30/18. USTreasury PR link.

The US Dept of Treasury says the US 5 Year Treasury Note Yield on 03/29/19 is at 2.23%, 02/28/19 was at 2.52%, 01/31/19 2.43%, 03/30/18 2.56%. USTreasury PR link.

The US Dept of Commerce/BEA says US Preliminary 4Q18 Total Assets were at $25.399 trillion, Total Liabilities $35.116 trillion, Total Deficit Balance $9.717 trillion, +0.9% from 3Q18, +25.8% from 4Q17. USDOC PR link.

The Federal Reserve Bank of Chicago says the US 7th District Midwest February 2019 Economy Index is at +0.43, January 2019 was at +0.24. ChiFed PR link.

The MNI March 2019 Chicago Business Barometer(>50=Gaining>) is at 58.7, February 2019 was at 64.7, January 2019 56.7, March 2018 57.4. MNI PR link.

The American Automobile Assn says the US Average Price/Gallon of Regular Gas on 03/29/19 is at $2.691, +11.5% from 02/28/19, +1.4% from 03/30/18. AAA PR link.

The Gold Price Per Ounce(GCM9 06/19) on 03/29/19 was at $1,297.00, -1.4% from 02/28/19, -0.6% YTD(3 months), -2.4% from 03/30/19. GOLD PR link.

The US Exchange Rate for 1 Euro on 03/29/19was $1.1219, -1.4% from 02/28/19, -8.8% from 03/30/18. EURUSD PR link.

The U of Michigan US Final March 2019 Consumer Sentiment Index is at 98.4, February 2019 was at 93.8, January 2019 91.2, March 2018 101.4. UMichigan PR link.

***Thursday, March 28:

Amazon(PBR5) to expand its Austin, TX, Tech Hub, to create 800 new tech jobs in fields including software and hardware engineering, research science, and cloud computing. $AMZN PR link.

Facebook(PBR67 $FB) is being charged by the US Dept of Housing and Urban Development(HUD) for violating the Fair Housing Act by encouraging, enabling, and causing housing discrimination through the company’s advertising platform. HUD PR link.

Church & Dwight(PBR607) to acquire the $180 million revenues in 2018 FLAWLESS™ and FINISHING TOUCH™ brands of hair removal products from Ideavillage Products for $475 million cash plus up to an additional $425 million for incentive achievements, to close 2Q19. $CHD PR link.

WABCO(PBR669) to be acquired by privately held global leader in driveline and chassis technologies ZF Friedrichshafen AG for $136.50/share, equity value of $7+ billion, to close in early 2020. $WBC PR link.

Domino’s Pizza(PBR738) opens its 10,000th store outside the US, located in the Luohu District of Shenzhen, China. $DPZ PR link.

Wells Fargo(PBR28) President/CEO Tim Sloan to retire effective 06/30/19, stepping down from current positions and Board immediately, SEVP/General Counsel C. Allen Parker appointed interim President/CEO, external search starts for new CEO. $WFC PR link.

Campbell Soup(PBR328) Chairman Les C. Vinney retires, Keith R. McLoughlin appointed Chairman. $CPB PR link.

Tailored Brands(PBR668) Executive Chairman Dinesh Lathi appointed President/CEO, Theo Killion appointed Chairman. $TLRD PR link.

Morgan Stanley(PBR61) President Colm Kelleher to retire from his position effective 06/30/19. $MS PR link.

The US Dept of Commerce says US 4Q18 Gross Domestic Product(3rd Estimate) is at +2.2%, $20.865 trillion, +1.0% from 3Q18, +5.2% from 4Q17, 2018 Annual GDP is at +2.9%, 2017 Annual GDP was at +2.2%. USDOC PR link.

The US Dept of Labor says US 4 Week Moving Average Initial Unemployment Insurance Claims for the Week Ending 03/23/19 were at 217,250, -5.1% from 02/23/19, -4.8% from 03/31/18. USDOL PR link.

FreddieMac(PBR38) says the US Average 30 Year Fixed Mortgage Rate on 03/28/19 is at 4.06% with 0.5 points/fees, 02/28/19 was at 4.35%, 01/31/19 4.46%, 03/29/18 4.44%. $FMCC PR link.

***Wednesday, March 27:

Ford(PBR12) restructures Russian joint venture Ford Sollers to grow commercial vehicle business; exiting passenger vehicle market in Russia by end of 06/19, expects to record pre-tax special item charges of about $450 million to $500 million. $F PR link.

Centene(PBR58) to acquire 5.5 million members primarily government-sponsored managed care services provider Wellcare Health Plans(PBR168) for $305.39/share cash & stock, $17.3 billion, to close 1H20. $CNC PR link.

Nucor(PBR148) to invest $1.35 billion to build new state-of-the-art steel plate mill in Brandenburg, KY, will be capable of producing 1.2 million tons per year of steel plate products, will employ 400+ full-time teammates at an average annual salary of $72,000, and is expected to be fully operational in 2022. $NUE PR link.

Salesforce(PBR273 $CRM) sued by 50 women claiming it helped Backpage in sex trafficking.CNBC PR link.

ON Semiconductor(PBR475) to acquire high performance Wi-Fi solutions developer Quantenna Communications(NASDAQ: QTNA) for $24.50/share, $1.07 billion, to close 2H19. $ON PR link.

Equifax(PBR660) and FICO introduce strategic partnership to deliver the Data Decisions Cloud. $EFX PR link.

Cedar Fair(PBR973) to acquire the 112 acres of land for $150 million on which its Great America Theme Park is located, had originally leased the land from the City of Santa Clara since 1976. $FUN PR link.

Fannie Mae(PBR21) Interim CEO Hugh R. Frater appointed CEO. $FNMA PR link.

Stryker Corp(PBR236) hires Rob Fletcher as VP/Chief Legal Officer, effective 04/22/19, succeeds Mike Hutchinson who will transition to serve as Advisor to the CEO through 05/20. $SYK PR link.

Ryder(PBR376) hires Scott Parker as EVP/CFO, succeeds retiring Art Garcia. $R PR link.

The US Dept of Commerce says US Preliminary January 2019 Exports-Goodswere at $137.4 billion, Services $70.0 billion, Total $207.4 billion; Imports-Goods were at $210.7 billion, Services $47.8 billion, Total$258.5 billion, Deficit is $51.1 billion, January 2018 Deficit was $53.1 billion. USDOC PR link.

The US Dept of Commerce/BEA says US Preliminary 4Q18 Total Exports Receipts were at $934.3 billion, Imports Payments $1.068 trillion, for a Deficit Balance of $134.4 billion, +15.7% from 4Q17. USDOC PR link.

The Energy Information Administration says US 03/22/19 Crude Oil Stocks were at 442.3 millions of barrels, -0.8% from 02/22/19, +2.9% from 03/23/18. USEIA PR link.

***Tuesday, March 26:

Apple(PBR3) and Qualcomm(PBR123) each get a win in federal patent rulings, International Trade Commission clears Apple in one case, but judge suggests iPhones face import ban in second. MarketWatch PR link.

Bed Bath & Beyond(PBR237) issues statement regarding activist investor group nominating 16 for the board, says it is already undertaking a comprehensive transformation to evolve the foundational structure of the business, drive shareholder value and best position the Company for long-term success. $BBBY PR link.

Blackstone(PBR387) acquires majority stake in franchisor of residential and commercial property damage restoration services SERVPRO, has 1,700 franchisees in the US and Canada, terms not disclosed. $BX PR link.

Wayfair(PBR522) will open its first full-service physical retail store in the fall of 2019, to be located in the Natick Mall in Natick, MA. $W PR link.

Raytheon(PBR110) promotes Wesley D. Kremer to President/Raytheon Missile Systems, to succeed Dr. Taylor W. Lawrence who is retiring on 07/14/19, Ralph H. Acaba to succeed Kremer as President/Raytheon Integrated Defense Systems, both appointments effective 03/30/19. $RTN PR link.

BNY Mellon(PBR183) hires Senthil Kumar as SVP and Chief Risk Officer, to be effective in 07/19, succeeds Jim Wiener, who moves into a new role as Head of Balance Sheet and Capital Strategy. $BK PR link.

JCPenney(PBR232) hires Bill Walford as EVP/CFO, effective 04/08/19, currently EVP/CFO of Vitamin Shoppe(PBR995), succeeds interim CFO Michael Fung who is leaving at the end of 04/19. $JCP PR link.

OneMain(PBR605) CFO Scott T. Parker leaving, Deputy CFO Micah Conrad named Acting CFO, effective immediately. $OMF PR link.

Vitamin Shoppe(PBR995) EVP/CFO Bill Wafford leaving effective 04/05/19 to become CFO of JCPenney(PBR232), Charles Knight appointed interim CFO. $VSI PR link.

The US Dept of Commerce/Census says US Preliminary February 2019 New Residential Construction Building Permits-Private Housing Annual Rate is at 1,296,000, -1.6% from January 2019, -2.0% from February 2018. USDOC PR link.

The Federal Reserve Bank of Richmond says the US 5th District March 2019 Manufacturing Index(Annualized) is at +10%, February 2019was at +16%, January 2019 -2%, March 2018+15%. “Firms were optimistic, expecting conditions to improve in the coming months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the US 5th District March 2019 Service Sector Revenue Index(Annualized) is at +5%, February 2019 was at +17%, January 2019+6%, March 2018 +25%. “Firms remained optimistic, expecting to see continued growth in the next six months.” RichmondFed PR link.

The S&P CoreLogic Case-Shiller US January 2019 Natl Home Price Index(01/2000=100) is at 204.71, December 2018 was 205.07, November 2018 205.47, January 2018 196.35. Case-Shiller PR link.

The Conference Board says the US Preliminary March 2019 Consumer Confidence Index(1985=100) is at 124.1, February 2019 was at 131.4. “… consumers remain confident that the economy will continue expanding in the near term. However, the overall trend in confidence has been softening since last summer, pointing to a moderation in economic growth.” TCB PR link.

***Monday, March 25:

Apple(PBR3) releases 4 new services: A credit card called the Apple Card. $AAPL PR link.; game subscription service Apple Arcade.$AAPL PR link.; magazine & news subscription service Apple News+. $AAPL PR link.; original content video subscription service Apple TV+.$AAPL PR link.

McDonald’s(PBR122) to acquire Israel-based with headquarters in New York personalization and decision logic technology company Dynamic Yield, to initially be used customer digital services for Drive Thru windows. $MCD PR link.

Tesla(PBR132) tweet by Elon Musk says prices on all Tesla inventory cars worldwide rise by around 3% effective 04/02/19. $TSLA PR link.

Thermo-Fisher Scientific(PBR138) to acquire nearly 600 employees in Massachussets and Florida and anticipated 2019 revenues of $250 million viral vector manufacturing for gene and cell therapies provider Brammer Bio for approximately $1.7 billion cash. $TMO PR link.

Biogen(PBR239) authorizes new $5.0 billion share repurchase program, has no expiration date, previous authorization of 08/18 remains in effect with $1.7 billion available. $BIIB PR link.

PVH(PBR320) to reacquire from Dickson Concepts the license for the Tommy Hilfigerbrand in Hong Kong, Macau, Taiwan, Singapore and Malaysia, along with certain related leases and retail assets, to close 2Q19, terms not disclosed. $PVH PR link.

Ascena Retail(PBR412) to sell a majority interest in its subsidiary, Maurices Inc(“maurices”) to an affiliate of OpCapita for $300 million, to close by early summer 2019. $ASNA PR link.

Arthur J Gallagher(PBR445) acquires Potomac Falls, VA-based retail property/casualty, life and employee benefit brokerage and consulting services agency McLean Insurance Agency, terms not disclosed. $AJG PR link.

Titan Intl(PBR954) authorizes up to $25 million share repurchase program. $TWI PR link.

La-Z-Boy(PBR940) promotes Tj Linz to President/Retail Division effective 04/28/19, succeeds retiring Daniel E. King. $LZB PR link.

The Federal Reserve Bank of Chicago says the US Preliminary February 2019 Natl Activity Index is at -0.29, January 2019 was at -0.25, December 2018 -0.01, February 2018+0.75. ChiFed PR link.

***Friday, March 22:

The PBRMarketTools US Stock Exchanges Recap for Week 12 of 2019 ending 03/22/19:

DJIA ends the week at 25,502.32, -1.34% from last Friday, -1.60% MTD, +9.32% QTD/YTD, -4.94% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,642.67, -0.60% from last Friday, +1.46% MTD, +15.18% QTD/YTD, -5.76% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,800.71, -0.77% from last Friday, +0.58% MTD, +11.72% QTD/YTD, -4.44% from record 2,930.75 set 09/20/18.

The Week 12 News Summary: It was another bad week for Boeing(PBR29) as the fallout from 2 recent crashes of its 737 MAX 8 aircraft has resulted in more investigations, including the FBI, regarding certification processes, which weighed down on its stock and the DJIA. The global and US economies appear to be slowing down resulting in the Federal Reserve Open Market Committee keeping short term federal funds interest rates at 2.25-2.50%. The bond market shows signs of a possible recession ahead. Other US economic indices are pointing to a slowdown as well. US/China trade negotiations continue, but nothing definite has been announced. The US Midwest is experiencing severe flooding from snow/rain, resulting in significant property and crop losses. Through Thursday The Stock Market Bull was ahead, but The Stock Market Bear took charge on Friday with one of the biggest downturn days of 2019 so far, and wins Week 12 3-0.

The Week 12 YTD tally is:
The Stock Market Bull: 8 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 2 weeks

The US Dept of Treasury says US February 2019 Government Receipts were $167.3 billion, Outlays $401.2, Deficit is $234.0 billion, Total YTD Deficit(5 months) is $544.2 billion, Total YTD Deficit 2018(5 months) was $391.0 billion. USTreasury PR link.

The US Dept of Commerce/Census says the US Preliminary January 2019 Wholesale Sales-Durable Goods was at $245.6 billion, Non-Durable Goods $254.2 billion, Total Goods $499.8 billion, +0.5% from December 2018, +2.7% from January 2018. USDOC PR link.

The Natl Assn of Realtors says US February 2019 Existing Home Sales Annual Rate is at 5,510,000, +11.8% from January 2019, -1.8% from February 2018, Median Sales Price was $249,500, +0.8% from January 2019, +3.6% from February 2018. NAR PR link.

***Thursday, March 21:

The Federal Reserve Bank of Philadelphiasays the US 3rd District March 2019 Manufacturing General Business Indicator is at 13.7, February 2019 was at -4.1, January 2019 17.0, March 2018 23.8. “… firms remained generally optimistic about growth over the next six months.” PhillyFed PR link.

The Conference Board says the US Preliminary February 2019 Leading Economic Index(2016=100) is at 111.5, January 2019 was at 111.3, December 2018 111.3, February 2018108.5. “… the US LEI’s growth rate has slowed over the past six months, suggesting that while the economy will continue to expand in the near-term, its pace of growth could decelerate by year end.” TCB PR link.

***Wednesday, March 20:

The Federal Open Market Committee releases its meeting statement, keeping federal funds rate at 2.25-2.50%, says, “… labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter … inflation for items other than food and energy remains near 2 percent … survey-based measures of longer-term inflation expectations are little changed.” FOMC PR link.

***Tuesday, March 19:

Apple(PBR3) updates its iMac line with up to 8-core Intel 9th-generation processors, delivering up to 2.4 times faster performance, 21.5″ screen version starts at $1,299, 27″ screen version starts at $1,799. $AAPL PR link.

Alphabet(PBR15)’s Google unit to launch later this year Stadia, a new video game platform which will deliver instant access to games on any type of screen—whether it’s a TV, laptop, desktop, tablet or mobile phone. $GOOG PR link.

Kroger(PBR19) to sell its 800 employees Turkey Hill manufacturing/distribution business producing popular iced teas, fruit drinks, milk, frozen dairy treats and a variety of ice creams to private equity firm Peak Rock Capital, to close fiscal 1Q19, terms not disclosed. $KR PR link.

Boeing(PBR28) 737-Max 8 aircraft certifications to be reviewed per directive by the US Dept of Transportation because of recent fatal crashes in Indonesia and Ethiopia. $BA PR link.

Citigroup(PBR31) Citibank NA gets $25 million fine from the US Dept of Treasury’s Office of the Comptroller for Currency for violating the Fair Housing Act. $C PR link.

Facebook(PBR67) outlines changes its making to its policies per settlements with National Fair Housing Alliance (NFHA), as well as the American Civil Liberties Union (ACLU), the Communication Workers of America (CWA) and other private parties to prevent discrimination in housing, employment and credit advertising. $FB PR link.

21st Century Fox(PBR92) completes spinoff of Fox Corporation(NASDAQ: FOXA and FOXB), 21CF acquisition by Walt Disney(PBR53) to be completed on 03/20/19. $FOX PR link.

AbbVie(PBR99) says US Food and Drug Administration has placed a partial clinical hold on all clinical trials evaluating venetoclax (VENCLEXTA®/VENCLYXTO®) for the investigational treatment of multiple myeloma, does not impact any of the approved indications for venetoclax, such as chronic lymphocytic leukemia (CLL) or acute myeloid leukemia (AML). $ABBV PR link.

Starbucks(PBR112) to change current single tiered loyalty rewards program to a 2-tier system for its 16+ million members. $SBUX PR link.

Tesla(PBR132) extends order deadline to avoid slight price increases from midnight 03/18/19 to midnight 03/20/19 because unable to process all orders due to unusually high order volume. $TSLA PR link.

Avnet(PBR155) is working with BitPay, the largest global blockchain payment provider, to accept cryptocurrency for products and services. $AVT PR link.

Performance Food(PBR161) to acquire privately held Naperville, IL-based 3rd largest US distributor of pre-packaged candy, snacks, specialty beverages and tobacco products in the convenience industry with $5.3 billion in fiscal 2018 revenues Eby-Brown Co, to close 2Q19, terms not disclosed. $PFGC PR link.

Goodyear Tire(PBR188) to modernize Goodyear Dunlop Tires Germany GmbH’s tire manufacturing facilities in Hanau and Fulda, Germany, will result in 1,100 job reductions, to be completed in 2022. $GT PR link.

MGM Resorts(PBR267) becomes Major League Soccer(MLS)‘s first official gaming partner and Roar Digital (Roar), the joint venture between MGM and GVC, as the exclusive Official Sports Betting Partner of MLS. $MGM PR link.

Jones Lang LaSalle(PBR349) to acquire commercial real estate capital markets intermediary provider HFF(NYSE: HF) in $49.16/share stock & cash deal with enterprise value of $2 billion, to close 3Q19. $JLL PR link.

AMD(PBR490) announces that Alphabet(PBR15)’s Google unit has selected high-performance, custom AMD Radeon datacenter GPUs for its Vulkan® and Linux®-based new Google Stadia videogaming platform. $AMD PR link.

DSW(PBR735) presents three-year strategic priorities, changing its name to Designer Brands Inc effective today, to change ticker symbol from NYSE: DSW to NYSE: DBI starting 04/02/19. $DSW PR link.

BorgWarner(PBR290) hires Kevin A. Nowlan as EVP/CFO, effective 04/01/19. $BWA PR link.

Trinity Industries(PBR618) promotes Eric R. Marchetto to SVP of Trinity and Group President/TrinityRail, Chairman/CEO roles being split, Leldon E. Echols appointed Chairman, Timothy R. Wallace remains CEO. $TRN PR link.

Barnes & Noble(PBR620) hires Joe Gorman as EVP/Operations. $BKS PR link.

SeaWorld(PBR982) COO John T. Reilly is leaving effective 03/31/19. $SEAS PR link.

The US Dept of Labor/Census says US 4Q18 Average Hourly Wages & Salaries for All Workers were at $24.91, Benefits $11.41, Total$36.32, -0.9% from 3Q18, +1.3% from 4Q17. USDOL PR link.

The US Dept of Commerce says US Preliminary January 2019 Manufacturers Orders-Durable Goods were at $255.3 billion, Non-Durable Goods $245.2 billion, Total$500.5 billion, +0.1% from December 2018, +4.2% from January 2018. USDOC PR link.

***Monday, March 18:

Apple(PBR3) introduces the all-new iPad Air, ultra-thin 10.5-inch design, includes Apple Pencil1 support and high-end performance, starts at $499, and introduces the new 7.9-inch iPad mini, starts at $399. $AAPL PR link.

Boeing(PBR28) Chairman/President/CEO Dennis Muilenburg releases letter to airlines, passengers, and the aviation community regarding updates and plans based on investigations of the recent 737 MAX 8 Lion Air Flight 610 and the Ethiopian Airlines Flight 302 fatal accidents. $BA PR link.

Starbucks(PBR112) opens 30,000th store, located in Shenzhen, China, the Starbucks Reserve® Shenzhen Bay Mix City location. $SBUX PR link.

Marriott Intl(PBR119) three-year growth plan includes opening 1,700+ hotels around the world. $MAR PR link.

Thermo-Fisher Scientific(PBR138) to invest $150 million in its Pharma Services unit to expand its Monza and Ferentino, Italy, and Greenville, NC facilities, to be completed within 24 months. $TMO PR link.

Allergan(PBR178) gets US FDA approval for supplemental New Drug Application for AVYCAZ® (ceftazidime and avibactam), expanding the label to include pediatric patients 3 months and older for the treatment of complicated intra-abdominal infections (cIAI) in combination with metronidazole and complicated urinary tract infections (cUTI), first FDA approval of a pediatric indication for cUTI and cIAI in more than a decade. $AGN PR link.

Newell Brands(PBR198) to sell its $640 million in sales in 2018 custom-designed plastic, nylons, monofilament, and zinc products manufacturerProcess Solutions business to One Rock Capital Partners for $500 million after tax. $NWL PR link.

Mylan(PBR247) conducting a voluntary nationwide recall of two lots of cancer drug Levoleucovorin Injection, 250 mg/25 mL due to presence of particulate matter identified as copper salts. $MYL PR link.

NVIDIA(PBR295) opens GPU Technology Conference, announces several updates and new capabilities for its microchips for use in datacenters, AI, robotics, autonomous vehicles. $NVDA PR link.

FIS(PBR313) to acquire payment technology company Worldpay(PBR584) in stock and cash deal for enterprise value of $43 billion, FIS shareholders will own around 53% and Worldpay shareholders around 47% of combined company, to close in 2H19. $FIS PR link.

William Cos(PBR346) to get $1.34 billion from Canada Pension Plan Investment Board for a 35% interest in joint venture in Ohio Valley Midstream and Utica East Ohio Midstream systems. $WMB PR link.

Activision Blizzard(PBR390) in collaboration with Tencent, announces that free online game Call of Duty®: Mobile to be available in certain regions in summer 2019, for Android and iOS mobile devices. $ATVI PR link.

S&P Global(PBR452) to sell its Standard & Poor’s Investment Advisory Services to Goldman Sachs(PBR86) Asset Managementunit, to close 1H19, terms not disclosed. $SPGI PR link.

Roper Technologies(PBR531) to acquire UK-based $75 million in revenues/year visual effects and 3D content for the digital design, visualization, and entertainment industries provider Foundry for around $540 million, to close in 04/19. $ROP PR link.

3M(PBR87) reorganizing from 5 business segments to 4, Michael Vale appointed EVP/Safety & Industrial Business Group, Ashish Khandpur, appointed EVP/Transportation & Electronics Business Group, Mojdeh Poul appointed EVP/Health Care Business Group, Paul Keel appointed EVP/Consumer Business Group, Denise Rutherford appointed SVP/Corporate Affairs, Stephen Shafer appointed SVP/Business Development and Marketing-Sales. $MMM PR link.

Franklin Resources(PBR428) hires Matthew Nicholls as EVP/CFO, effective 05/06/19, to succeed retiring and 30 year veteran of the company Ken Lewis. $BEN PR link.

CNO Financial(PBR559) hires Paul H. McDonough as CFO, succeeds leaving Erik Helding, and Rocco Tarasi as Chief Marketing Officer, succeeds leaving Gerardo Monroy, both start 04/01/19. $CNO PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary March 2019 Housing Market Composite Index is at 62, February 2019 was at 62, January 2019 58, March 2018 70. “Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season, …” NAHB PR link.

***Friday, March 15:

The PBRMarketTools US Stock Exchanges Recap for Week 11 of 2019 ending 03/15/19:

DJIA ends the week at 25,848.87, +1.57% from last Friday, -0.26% MTD, +10.81% QTD/YTD, -3.65% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,688.53, +3.78% from last Friday, +2.07% MTD, +15.87% QTD/YTD, -5.19% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,822.48, +2.89% from last Friday, +1.36% MTD, +12.59% QTD/YTD, -3.69% from record 2,930.75 set 09/20/18.

The Week 11 US Stock Exchanges Recap:
After last week’s embarrassing loss to The Stock Market Bear, the first of the year, The Stock Market Bull came stomping back to regain the pasture and takes Week 11 3-0 in dominant style.

The Week 11 YTD tally is:
The Stock Market Bull: 8 weeks
The Stock Market Bear: 1 week
Mixed Results: 2 weeks

The Week 11 News Summary: Boeing(PBR29)took a beating as a Boeing 737 Max 8 crashes killing all aboard, after a similar crash 5 months ago. The fleet has been grounded pending more information. There were mixed signals on US/China trade negotiations, at the end of the week there was some optimistic news on the global economy. US economic data was a little mixed, some results impacted by the December/January US federal government partial shutdown. Corporate earnings were a little mixed. Cheating on college admissionsby wealthy and famous parents to get their kids into prestigious universities was the surprise news event of the week.

Qualcomm(PBR123) gets $1.41/device, $31 million, in lawsuit against Apple(PBR3) for patent infringement for 3 chips used in smartphones. $QCOM PR link.

Qualcomm(PBR123) gets reversal from the Japan Fair Trade Commission (JFTC) on a 2009 cease-and-desist order affecting Qualcomm licensing in Japan, concludes Qualcomm’s cross-licensing provisions and non-assertion covenants did not violate Japanese antimonopoly law. $QCOM PR link.

Tesla(PBR132) introduces new Model Ycrossover vehicle, starts at $42,700 after price savings. $TSLA PR link.

Tesla(PBR132) extends $4.75/share in all stock deal, 55% premium over 02/01/19 stock price close, deal valued at around $218 million tender offer to acquire developer and manufacturer of ultracapacitors applied to the manufacturing of batteries Maxwell Technologies(NASDAQ: MXWL) from 03/19/19 to 04/02/19. $TSLA PR link.

Cree(PBR948) to sell its Lighting Productsbusiness unit, which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications, to Ideal Industries for approximately $310 million, to close in 4Q19. $CREE PR link.

Olin Corp(PBR430) promotes James A. Varilek to EVP/COO, effective 04/01/19. $OLN PR link.

Diplomat Pharmacy(PBR536) hires Dan Davison as CFO/Treasurer effective 04/08/19, succeeding Atul Kavthekar. $DPLO PR link.

Meritor(PBR565) promotes Carl Anderson to SVP/CFO, succeeds leaving Kevin Nowlan. $MTOR PR link.

The US Dept of Labor says US Preliminary January 2019 Job Openings-Private were at 6,902,000, Government 678,000, Total7,580,000, +1.4% from December 2018, +15.0% from January 2018. USDOL PR link.

The US Federal Reserve says US Preliminary February 2019 Industrial Production Percent of Capacity was 78.2%, January 2019 was 78.3%, December 2018 78.7%, February 201877.2%. USFed PR link.

The Federal Reserve Bank of New York says the Empire State March 2019 Manufacturing General Business Conditions Index is at 3.7, February 2019 was at 8.8, January 2019 3.9, March 2018 21.9. NYFed PR link.

The U of Michigan US Preliminary March 2019 Consumer Sentiment Index is at 97.8, February 2019 was 93.8, January 2019 91.2, March 2018 101.4. UMichigan PR link.

***Thursday, March 14:

GE(PBR20) provides 2019 outlook, looking to 2020 and 2021 performance “… to be significantly better with positive Industrial free cash flow as headwinds diminish and our operational improvements yield financial results.” $GE PR link.

HCA(PBR59) to become majority owner of parent of Galen College of Nursing, one of the largest nursing educators in the US, terms not disclosed. $HCA PR link.

Arrow Electronics(PBR102) and Freelancer.com (ASX:FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users, today announced the launch of ArrowPlus powered by Freelancer.com to help companies design and build hardware products through access to over half a million skilled electronic and electrical engineers. $ARW PR link.

Dollar General(PBR117) authorizes additional $1.0 billion to share repurchase program, balance available is now $1.346 billion, no expiration date. $DG PR link.

Becton Dickenson(PBR177) gets US FDA premarket approval for the Venovo™ venous stent, the first stent indicated to treat iliofemoral venous occlusive disease, which is obstructed or narrowed blood flow specific to the iliac and femoral veins located near the groin. $BDX PR link.

Stryker Corp(PBR236) acquires privately held Caesarea, Israel-based highly differentiated technology for the treatment of massive irreparable rotator cuff tears provider OrthoSpace, used on 20,000+ patients worldwide, in clinical trials in the US, for $110 million cash up front plus up to $110 million based on milestone achievements. $SYK PR link.

GameStop(PBR310) gets letters from activist investors Hestia Capital and Permit Capitalconcerning underperformance of company, demand bringing in new and independent Board members and tendering for up to $700 million of the Company’s common stock. $GME PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 03/15/19 to 04/30/19 to get additional US, China, Canada and other regulatory approvals. $GNW PR link.

AMC Entertainment(PBR504) begins national rollout of food and beverage mobile ordering, starting in Boston, Denver and Houston, more to be added throughout 2019, can order tickets and food/beverage items online for pickup upon arrival. $AMC PR link.

TransDigm(PBR604) completes $122.50/share, a 38% premium from 10/09/18 closing price, around $4.0 billion in cash, includes debt, acquisition of Bellevue, WA, based 28 business units organized across eight platforms for specialty aerospace, defense and industrial products, 12,500 employees in more than 50 operating global locations, $2.0 billion sales/FY18 Esterline Technologies(PBR867). $TDG PR link.

Newell Brands(PBR198) President/CEO Michael Polk to retire at end of 2Q19, new CEO search starts. $NWL PR link.

Facebook(PBR67) Chief Product Officer Chris Cox is leaving the company, head of WhatsApp Chris Daniels also leaving, will be succeeded by Will Cathcart, Fidji Simo will be the new head of the Facebook app. $FB PR link.

TriNet(PBR673) hires Dilshad Simons as SVP/Products. $TNET PR link.

CIT Group(PBR809) hires Jim Hubbard as General Counsel & Corporate Secretary. $CIT PR link.

The US Dept of Commerce/HUD says US Preliminary January 2019 New Family Homes Sold/For Sale Annual Rate is at 607,000, -6.9% from December 2018, -4.1% from January 2018; Median Price is $317,200, -0.6% from December 2018, -3.8% from January 2018; Homes Available are at 336,000, -1.5% from December 2018, +13.9% from January 2018. USDOC PR link.

The US Dept of Labor says US Preliminary February 2019 Import Prices were +0.6%, January 2019 was at +0.1%, December 2018-1.4%, February 2018 +0.2%; Export Priceswere +0.6%, January 2019 was at -0.5%, December 2018 -0.7%, February 2018 +0.2%; Last 12 Months Import Prices were -1.3%, Export Prices +0.3%. USDOL PR link.

***Wednesday, March 13:

AT&T(PBR9 $T) hikes prices from $40/mo to $50/mo for base package, cuts channels for DirecTV Now streaming package. MarketWatch PR link.

Kroger(PBR19) completes $565 million sale of its digital coupon and digital rebate publishing platform You Technology to Inmar, finalizes long-term service agreement for Inmar to provide digital coupon services to the Kroger family of stores. $KR PR link.

JPMorgan Chase(PBR26) banking unit plans to open up to 90 branches in new markets and hire up to 700 employees by end of 2019. $JPM PR link.

Boeing(PBR29) temporarily grounds 737 MAX 8 & 9 airplane operations based on recent accidents and after consultation with the US Federal Aviation Administration (FAA), the US National Transportation Safety Board (NTSB), and aviation authorities and its customers around the world. $BA PR link.

Arthur J Gallagher(PBR445) acquires Cedar Rapids, IA-based commercial and personal property/casualty insurance, group and individual health, and individual life coverage and services agency Hammerberg Insurance Services, Inc., dba First Iowa Insurance Agency, terms not disclosed. $AJG PR link.

Signet Jewelers(PBR436) hires Joan M. Hilson as CFO, effective 04/04/19, succeeds leaving Michele Santana. $SIG PR link.

The US Dept of Labor says US Preliminary February 2019 Producer Price Index Total Final Demand was +0.1%, Goods were +0.4%, Services +0.0%, Last 12 Months +2.3%, January 2019 was +2.5%, December 2018+2.8%, February 2018 +2.7%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary January 2019 Construction Spending Annual Rate-Residential was at $517.2 billion, Non-Residential $762.5 billion, Total $1.280 trillion, +1.3% from December 2018, +0.3% from January 2018. USDOC PR link.

***Tuesday, March 12:

Wells Fargo(PBR27) President/CEO Tim Sloan shares with the US House Committee on Financial Services the many ways that Wells Fargo has become a better bank through the ongoing transformation of its operations, leadership and culture. $WFC PR link.

Biogen(PBR239) enters into a share purchase agreement with FUJIFILM Corporation which will acquire the shares of Biogen’s subsidiary, which holds Biogen’s 800 employees biologics manufacturing operations in Hillerød, Denmark, for up to $890 million in cash. $BIIB PR link.

HanesBrands(PBR416) launches Ultimate Baby line exclusively in Amazon(PBR5)’s online and mobile stores, Flexy and Zippin collections designed to grow with babies, differentiated by four simple sizes. $HBI PR link.

Chipotle(PBR537) launches Chipotle Rewardsloyalty program, using Venmo payouts to give away up to $250,000 to approximately 25,000 Chipotle fans per day through 03/15/19. $CMG PR link.

Pyxus(PBR893) announces the opening of its affiliate, Criticality, LLC‘s, industrial hemp extraction and purification 55,000 sf facility located in Wilson, NC. $PYX PR link.

SunPower(PBR889) gets partnership with 3.5 million members Sierra Club, members or supporters who purchase or lease a SunPower® home solar system can receive a $1,000 mail-in rebate and SunPower will give Sierra Club $1,000 to support the organization’s mission. $SPWR PR link.

Rite Aid(PBR132) leadership transition plan and an organizational restructuring results in CEO John Standley to step down upon appointment of successor; Kermit Crawford, President/COO, and Darren Karst, CFO/CAO, leaving, Bryan Everett named COO, Matt Schroeder named CFO. $RAD PR link.

HanesBrands(PBR416) Chairman and former CEO Richard A. Noll retiring, Ronald L. Nelson appointed Chairman effective 04/23/19, upon re-election to the Board that day. $TSLA PR link.

Element Solutions(PBR607) promotes Carey J. Dorman to CFO. $ESI PR link.

The US Dept of Labor says US February 2019 Consumer Price Index-Urban All Items Change was +0.2%, Food was +0.4%, Energy+0.4%, All Items Less Food & Energy +0.1%, All Items Change from February 2018 +1.5%. USDOL PR link.

The US Dept of Labor says US Preliminary February 2019 Current Employee Average Hourly Wage is $27.66, Average Weekly Hours Worked 34.4, Total Average Weekly Wage$951.50, +0.1% from January 2019, +3.1% from February 2018. USDOL PR link.

CoreLogic says US December 2018 Mortgage Loans 30 or More Days Delinquent were at 4.1%, December 2017 was 5.3%. CoreLogic PR link.

***Monday, March 11:

Tesla(PBR132) reverses decision to close all stores, will keep around 50% open for test drives and assistance in ordering online, base Model 3 price remains at $35,000, other models to increase 3%. $TSLA PR link.

Ross Stores(PBR208) to open 75 Ross and 25 dd’s DISCOUNTS new locations in fiscal year 2019. $ROST PR link.

NVIDIA(PBR295) to acquire end-to-end Ethernet and InfiniBand smart interconnect solutions and services for servers and storage supplier Mellanox(NASDAQ: MLNX) for $125/share, around $6.9 billion cash, to close by 12/31/19. $NVDA PR link.

Newmont Mining(PBR375) to own 38.5% and Barrick Gold(NYSE:GOLD)(TSX:ABX) 61.5% of joint venture combining their respective mining operations, assets, reserves, and talent in Nevada, complex will be the world’s single-largest gold producer; as a result Barrick has withdrawn its Newmont acquisition proposal. $NEM PR link.

Newmont Mining(PBR375) sets 04/11/19 for special shareholder meeting to vote on $12/share, $10 billion equity value all shares acquisition of Canada based global gold producer Goldcorp(NYSE: GC). $NEM PR link.

HanesBrands(PBR416) and basketball legend Michael Jordan celebrate their 30-year partnership with special trading card promotion included in 800,000 specially marked bonus packs of Hanes men’s underwear. $HBI PR link.

Arthur J Gallagher(PBR445) acquires Shelton, CT-based retail property/casualty broker and employee benefits consultant Merit Insurance, terms not disclosed. $AJG PR link.

Taylor Morrison Homes(PBR595) adds up to $100 million to its Class A stock repurchase program, expires 12/31/19. $TMHC PR link.

Hill-Rom(PBR742) to acquire Sarasota, FL-based 220,000 caregivers network real-time, mobile healthcare communications provider Voalte for $180 million cash plus up to $15 million for milestone achievements, to close 3Q19. $HRC PR link.

XPO Logistics(PBR187) terminates COO Kenneth R. Wagers III without cause, will receive severance pay, sign-on bonus, healthcare benefits, vested restricted stock. $XPO PR link.

TripAdvisor(PBR943) hires Kanika Soni as President/Hotels business unit, effective 04/15/19. $TRIP PR link.

The US Dept of Commerce says US Preliminary December 2018 Sales for Manufacturers were at $504.9 billion, Retailers$443.0 billion, Wholesalers $497.2 billion, Total Sales $1.445 trillion, -1.0% from November 2018, +2.1% from December 2017. USDOC PR link.

The US Dept of Commerce/Census says US Advance January 2019 Retail Sales were at $443.6 billion, Food Services & Drinking Places $60.8 billion, Total $504.4 billion, +0.2% from December 2018, +2.3% from January 2018. USDOC PR link.

***Friday, March 8:

The PBRMarketTools US Stock Exchanges Recap for Week 10 of 2019 ending 03/08/19:

DJIA ends the week at 25,450.24, -2.21% from last Friday, -1.80% MTD, +9.10% QTD/YTD, -5.14% from record 26,828.39 set 10/03/18.

NASDAQ ends the week at 7,408.14, -2.46% from last Friday, -1.65% MTD, +11.65% QTD/YTD, -8.65% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,743.07, -2.16% from last Friday, -1.49% MTD, +9.42% QTD/YTD, -6.40% from record 2,930.75 set 09/20/18.

The Week 10 US Stock Exchanges Recap:
It was a week when The Stock Market Bulldecided to take a rest, The Stock Market Bearwas willing, eager and hungry. He feasted voraciously throughout the week to get his first victory of the year with a 3-0 trouncing.

The Week 10 YTD tally is:
The Stock Market Bull: 7 weeks
The Stock Market Bear: 1 week
Mixed Results: 2 weeks

The Week 10 News Summary: There was really no news on the continuing US/China trade negotiations, except for a few brief comments that they were making progress. Economic news was mostly the slowing of growth worldwide, the US trade imbalance reached a new high, the US Fed’s Beige Book indicated slowing growth expectations, jobs numberscame in significantly lower than expected, but unemployment continues to be low.

DowDuPont(PBR45) to complete spin-off of Materials Science Division as the new Dow, will start trading on 04/02/19 with ticker symbol NYSE: DOW; Corteva Agriscience™ spin-off from the new DuPont to be on 06/01/19. $DWDP PR link.

Medtronic(PBR95) authorizes additional $6 billion for shares repurchase program, balance is $7.3 billion, no expiration date. $MDT PR link.

Caesars Entertainment(PBR518) gets SEC filing by Icahn Enterprises(PBR127 $IEP) and affiliates showing 15.53% stake in CZR. $CZR PR link.

Brink’s(PBR665) hires Dana O’Brien as SVP/General Counsel effective 04/15/19. $BCO PR link.

The US Dept of Labor says US February 2019 Total Civilian Force Employed was at 156,949,000, +255,000 from January 2019, +2,546,000 from February 2018; February 2019 Total Unemployed is at 6,235,000, Unemployment Rate is 3.8%, January 2019was 4.0%, February 2018 4.4%. USDOL PR link.

The US Dept of Commerce/HUD says the US Preliminary January 2019 Private Housing Permits Issued Annual Rate was at 1,345,000, December 2018 was at 1,326,000, November 2018 1,322,000, January 2018 1,366,000. USDOC PR link.

***Thursday, March 7:

Tech Data(PBR77) authorizes additional $100 million to share repurchase program, is now $300 million, $107 million of authorization already used for repurchases. $TECD PR link.

Johnson Controls(PBR88) approves an additional $8.5 billion share repurchase program, subject to completion of sale of its Power Solutions business which is expected to close by 06/30/19. $JCI PR link.

Xerox(PBR278) to reorganize as a holding company, will become a direct, wholly-owned subsidiary of a new holding company, change is for more strategic, operational and financial flexibility. $XRX PR link.

Tesla(PBR132) says it has 12,000 supercharging stations across the US, in China, and Europe, continues to expand network, introducing V3 Supercharging Stations, will cut charging times by 50%, Model 3 can recover 75 miles in a 5 minute charge. $TSLA PR link.

Fifth Third Bancorp(PBR359) has all regulatory approvals needed for $4.7 billion 90% stock/10% cash acquisition of MB Financiall(NASDAQ: MBFI), to close on 03/22/19. $FITB PR link.

Trinity Industries(PBR619) authorizes new up to $350 million share repurchase program, expires 12/31/20. $TRN PR link.

ResMed(PBR818) acquires S Korea based HB Healthcare to help millions of South Koreans living with sleep apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions. $RMD PR link.

MetLife(PBR46) EVP/Chief Risk Officer Ramy Tadros will become President/US Business, will succeed President/US Business and EMEA Michel Khalaf who becomes MetLife President/CEO on 05/01/19. $MET PR link.

ADP(PBR217) hires Kathleen Winters as CFO, effective 04/15/19, at which time current CFO Jan Siegmund will step down. $ADP PR link.

The US Federal Reserve System says US Preliminary January 2019 Consumer Credit Outstanding-Revolving is at $1.058 trillion, Non-Revolving $2.976 trillion, Total $4.035 trillion, Annual Rate is +5.1%. USFed PR link.

The US Dept of Labor says US 4Q18 Non-Farm Business Labor Productivity was +1.9% from 3Q18, +1.8% from 4Q17. USDOL PR link.

FannieMae(PBR20) says the the US February 2019 Home Purchase Sentiment Index is at 84.3, January 2019 was at 84.7, December 2018 83.5, February 2018 85.8. “The HPSI held steady in February, as consumers’ continuing optimism about economic conditions seems to be balanced with softening attitudes toward the housing market …” $FNMA PR link.

***Wednesday, March 6:

The PBR1000 Investor Spotlight for today is Axalta Coating Systems Ltd(PBR526)(NYSE: AXTA). Check out the Axalta profile at PR link.

Amazon(PBR5 $AMZN) to close all 87 of its U.S. pop-up stores. MarketWatch PR link.

Facebook(PBR67) Chairman/CEO Mark Zuckerberg outlines Facebook’s vision and principles around building a privacy-focused messaging and social networking platform. $FB PR link.

Synchrony Financial(PBR170) acquires Boise, ID-based pet health insurance industry pioneer Pets Best, has 125,000+ pet health insurance policies in force, more than one million claims processed, and payouts of $200 million in claims, terms not disclosed. $SYF PR link.

Baxter(PBR270) gets US FDA approval for and launches ready-to-use eptifibatide, a platelet aggregation inhibitor that prevents platelets from sticking together and clotting. $BAX PR link.

Bausch Health(PBR326) completes $195 million plus certain assumed liabilities as the “stalking horse” bidder acquisition of of certain assets of biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies Synergy Pharmaceuticals(NASDAQ: SGYP). $BHC PR link.

GNC(PBR801) announces exclusive retail and Amazon partnership with Alani Nutrition, a premium women’s US made supplement brand offering a range of health and sports nutrition products. $GNC PR link.

Fitbit(PBR933) introduces 4 new products, includes waterproof Ace 2 for children 6+, retails for $69.95, to be available online and in stores in summer 2019, other products are Versa liteversions at lower prices. $FIT PR link.

Chico’s FAS(PBR827) hires Karen McKibbin as President/Chico’s Brand, effective 04/01/19. $GOOG PR link.

MSCI(PBR979) Head of Strategy, Corporate Development and Investor Relations Andrew C. Wiechmann to serve as Interim CFO and Treasurer, succeeds Kathleen A. Winters who is resigning effective 03/15/19. $MSCI PR link.

The US Federal Reserve System releases its Beige Book for data collected through 02/25/10, says, “Economic activity continued to expand in late January and February, with ten Districts reporting slight-to-moderate growth, and Philadelphia and St. Louis reporting flat economic conditions.” USFed PR link.

The US Dept of Commerce says US Preliminary December 2018 Total Exports-Goods were at $135.6 billion, Services $69.5 billion, Total Exports $205.1 billion; Total Imports-Goods were at $217.2 billion, Services$47.7 billion; Total Deficit-Goods were at $81.6 billion, Total Surplus-Services $21.8 billion, Total Deficit $59.8 billion; Total 2018 Exportswere at $2.500 trillion, Imports $3.121 trillion, Total Deficit $621.1 billion, Total 2017 Deficitwas $552.3 billion. USDOC PR link.

ADP(PBR218) says the US Preliminary February 2019 Total Private Non-Farm Sector Jobs Created were 183,000, -39% from Revised January 2019, -16.4% from Revised February 2018, 12,000 were from Small Businesses, 95,000 from Mid-Sized Businesses, and 77,000 from Large Businesses, 44,000 from Goods Producing Sector, 139,000 from the Services Sector. $ADP PR link.

The OECD sees global growth slowing, as Europe weakens and risks persist, forecasts US 2018 GDP at 2.9%, 2019 2.6%, and 2020 2.2%. OECD PR link.

***Tuesday, March 5:

Alphabet(PBR15)’s Chronicle unit launches enterprise cybersecurity service Backstory, the first global security telemetry platform designed for a world that thinks in petabytes. $GOOG PR link.

Home Depot(PBR24) to hire 80,000 associates for spring season, includes part-time and full-time positions for its around 2,000 stores and 100+ distribution centers. $HD PR link.

Johnson & Johnson(PBR35 $JNJ) Janssen Pharmaceuticals unit gets US FDA approvalfor Spravato (esketamine) nasal spray, in conjunction with an oral antidepressant, for the treatment of depression in adults who have tried other antidepressant medicines but have not benefited from them, only available through a restricted distribution system, first FDA approval of esketamine for any use. FDA PR link.

Kohl’s(PBR154 $KSS) in strategic collaboration with Planet Fitness(NYSE: PLNT) to open around 10 20,000-25,000 sf fitness centers adjacent to Kohl’s stores across the US in 2019. Planet Fitness PR link.

CarMax(PBR167) to create more than 300 jobs for their new Customer Experience Center opening in Peachtree Corners in the Atlanta, GA, area; CarMax Auto Finance headquarters in Kennesaw is hiring approximately 200 CAF customer service positions over the next 12 months. $KMX PR link.

Ross Stores(PBR208) authorizes new two year $2.55 billion share repurchase program, prior $1.95 billion program was completed in 01/19. $ROST PR link.

L Brands(PBR228) responds to letter from Barington Capital calling for a spin-off of Victoria’s Secret or an IPO of Bath & Body Works, reviews actions it has taken as a company to build shareholder value. $LB PR link.

L Brands(PBR228) gets letter from activist investor Barington Capital calling for spin-off of Victoria’s Secret or an IPO of Bath & Body Works. $LB PR link.

KKR(PBR672) completes $1.32 billion acquisition of BrightSpring which merged with PharMerica Corporation to become a leading provider of both home and community-based health and pharmacy services for high-need and medically complex populations. $KKR PR link.

GNC(PBR799) to integrate its manufacturing division through a strategic joint venture with International Vitamin Corporation, a global leader in vitamins and nutritional supplement manufacturing, GNC to receive around $176 million. $GNC PR link.

SunPower(PBR889) launches its Next Generation Technology home solar panel called A-Series, delivering 400 and 415 watts of power, the highest-power solar panels available today for the residential market, designed to deliver 60 percent more energy in the same amount of roof space over the first 25 years compared to conventional solar. $SPWR PR link.

Jones Lang LaSalle(PBR349) hires Stephanie Plaines as Global CFO, to be effective by 03/31/19. $JLL PR link.

Delek US(PBR379) promotes Assi Ginzburg to EVP/CFO of Delek US and Delek Logistics GP, succeeds Kevin Kremke who is assisting in the transition. $DK PR link.

Fortune Brands(PBR494) promotes President/Global Plumbing Group Nicholas Fink to newly created position of President/COO, Cheri Phyfer promoted to President/Global Plumbing Group. $FBHS PR link.

RH(PBR802) SVP/Finance & Chief Strategy Officer Jack Preston promoted to CFO, succeeds Ryno Blignaut who is stepping down for health considerations, will help with transition with resignation expected by 04/03/19. $RH PR link.

The US Dept of Treasury says US January 2019 Federal Government Receipts were $340.0 billion, Outlays $331.3 billion, Surplus$8.7 billion; Receipts YTD 2019(4 months) are at $1.111 trillion, Outlays YTD $1.421 trillion, Deficit YTD $310.3 billion, Deficit YTD 2018was at $175.7 billion. USTreasury PR link.

The US Dept of Commerce/HUD says US Preliminary December 2018 New Family Homes Sold Annual Rate is at 621,000 units, +3.7% from November 2018, -2.4% from December 2017; Median Price is at $318,600, +5.0% from November 2018, -7.2% from December 2017; New Houses Available Annual Rate is at 344,000, +3.0% from November 2018, +17.0% from December 2017. USDOC PR link.

The Institute for Supply Management says the US February 2019 Non-Manufacturing Index(>50%=Economy Growing) is at 59.7%, January 2019 was at 56.7%, December 201858.0%, February 2018 59.1%. ISM PR link.

The IHS Markit US February 2019 Composite PMI Output Index is at 55.5, January 2019 was at 54.4, December 2018 54.4, February 201855.8. IHS Markit PR link.

The PurdueU/CME Group US February 2019 Ag Barometer is at 136, January 2019 was at 143, December 2018 127, February 2018 140. PurdueU/CME Group PR link.

***Monday, March 4:

AT&T(PBR10 $T) WarnerMedia unit reorganization to consolidate all its affiliates and ad sales groups under one structure, with its units organized under entertainment networks, live programming, content production and affiliate and advertising sales, significant layoffs are expected as part of the reorganization.MarketWatch PR link.

Philip Morris(PBR34) becomes first international company to be certified globally for equal pay by the independent third-party EQUAL-SALARY Foundation. $PM PR link.

Eli Lilly(PBR120) will introduce a lower-priced version of Humalog® (insulin lispro injection 100 units/mL) in the US, providing diabetics an insulin option for 50% of the current Humalog list price. $LLY PR link.

Tesla(PBR132) CEO Elon Musk tweets that a Model Y unveil event is on March 14 at LA Design Studio, is an SUV about 10% larger than Model 3, will cost about 10% more, have slightly less range with same battery. $TSLA PR link.

Viacom(PBR223) completes $340 million acquisition of 12 million monthly active users free streaming television service in US Pluto TV. $VIA PR link.

Kellogg(PBR224)’s Morningstar Farms unit to convert its entire portfolio to be 100% plant-based (vegan) by 2021, will reduce the use of over 300 million egg whites annually, also introducing MorningStar Farms Cheezeburger, a vegan burger. $K PR link.

Biogen(PBR237) to acquire London, UK-based clinical-stage gene therapy company focused on adeno-associated virus (AAV) treatments for inherited retinal disorders Nightstar Therapeutics(NST; Nasdaq: NITE) for $25.50/share, around $800 million, to close by mid 2019. $BIIB PR link.

Office Depot(PBR280) and Alibaba Group(NYSE: BABA)’s Alibaba.com unit to launch A new co-branded online destination, “Office Depot on Alibaba.com”, focus is US small businesses. $ODP PR link.

GameStop(PBR310) approves new $300 million share repurchase authorization to replace the previous share repurchase authorization, which had $170 million remaining. $GME PR link.

Newmont Mining(PBR375) board unanimously determines that Barrick Gold(NYSE: GOLD) (TSX: ABX) unsolicited, all-stock negative premium proposal to acquire Newmont is not in its best interests, that the $12/share, $10 billion equity value all shares acquisition of Canadabased global gold producer Goldcorp(NYSE: GC) is a superior value. $NEM PR link.

Arthur J Gallagher(PBR445) to acquire the global aerospace retail and wholesale insurance broking division of London, UK-based Jardine Lloyd Thompson Group plc (JLT), to close in spring 2019. $AJG PR link.

Juniper Networks(PBR509) to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence (AI), for $405 million cash, to close in fiscal year 2Q19. $JNPR PR link.

Scientific Games(PBR699) joint venture—Şans Girişim—won the 10-year exclusive sports betting IDDAA contract in Turkey, Europe’s largest state-sponsored sports betting market. $SGMS PR link.

Domino’s Pizza(PBR738) opens its global 16,000th store, located in Cheektowaga, NY. $DPZ PR link.

The Children’s Place(PBR892) wins bankruptcy auction to acquire intellectual property and related assets of Gymboree and Crazy 8 for $76 million in cash, includes trademarks, domain names, design rights, and customer databases. $PLCE PR link.

The Andersons(PBR615) President/Ethanol Group Michael Irmen to retire in 07/19, James Pirolli is successor, effective 04/01/19. $ANDE PR link.

The US Dept of Commerce/Census says US Preliminary December 2018 Total Construction Annual Rate-Residential was at $542.2 billion, Non-Residential $750.5 billion, Total $1.293 trillion, -0.6% from November 2018, +1.6% from December 2017. USDOC PR link.

Amazon(PBR5) decision to not build HQ2 in New York City because of backlash results in open letter from New York State Budget Director Robert Mujica citing why it was a good deal and the politics that caused it to fail. $AMZN PR link.

Kroger(PBR18) to stop accepting VISA(PBR144) cards at its Smith’s divisionstores starting 04/03/19, says excessive interchange and network fees exceed grocery store margins. $KR PR link.

NGL Energy(PBR163) completes acquisition of DCP Midstream(PBR332)‘s wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern US, terms not disclosed. $NGL PR link.

PPG(PBR197) completes acquisition of Elverson, PA based 700+ employees globally in 10 plants manufacturer of low-friction, wear-resistant coatings for industrial applications in automotive, aerospace, energy and construction products and nonstick coatings for cookware, bakeware and small electric appliances Whitford Worldwide, terms not disclosed. $PPG PR link.

eBay(PBR298) announces initiatives including an operating review and the commencement of a strategic review of the Company’s portfolio of assets, including StubHub and eBay Classifieds Group, working collaboratively with investors Elliott Management, Starboard Value, and other significant shareholders, will include the addition of two new independent directors to the Board. $EBAY PR link.

Tower Intl(PBR872) completes around $290 million sale of its European Operations to privately owned French automotive supplier Financière SNOP Dunois S.A. $TOWR PR link.

Cimarex Energy(PBR883) completes $35/share, $1.6 billion cash & stock acquisition of Delaware pure-play Resolute Energy Corporation (NYSE: REN), includes long term debt of $710 million, adds 21,100 acres to Reeves County, TX, holdings. $XEC PR link.

ManTech Intl(PBR918) to acquire $98 million in revenues Kforce Government Solutions, Inc. (KGS), formerly a wholly-owned subsidiary of Kforce, Inc. for $115 million in cash, to close in 03/19. $MANT PR link.

Avery Dennison(PBR411) President/CEO Mitch Butier elected to replace retiring Chairman Dean Scarborough after 04/25/19 annual meeting. $AVY PR link.

Caesars Entertainment(PBR518) per agreement with around 10% stakeholder Icahn Enterprises(PBR127) replaces 3 directors, will add a fourth if a new CEO who is acceptable to new directors is not named within 45 days of the agreement. $CZR PR link.

Bristow Group(PBR958) SVP/CFO L. Don Miller named President/CEO, Brian Allman promoted to SVP/CFO. $BRS PR link.

ExxonMobil(PBR2) President/ExxonMobil Chemical Company John Verity to retire after 38 years with the company, SVP/Basic Chemicals Karen McKee named successor, effective 04/01/19. $XOM PR link.

Live Nation(PBR277) hires Ali Harnell as President and Chief Strategy Officer/Women Nation, a newly created division. $LYV PR link.

Lithia Motors(PBR285) Corporate Controller Tina Miller promoted to Chief Accounting Officer and Interim Principal Financial Officer. $LAD PR link.

The US Dept of Commerce/BEA says US Preliminary January 2019 Personal Income Annual Rate is at $17.993 trillion, Preliminary December 2018 was $18.017 trillion, November 2018 $17.838 trillion, January 2018 $17.258 trillion. USDOC PR link.

The Institute for Supply Management US February 2019 Manufacturing PMI Index is at 54.2%, January 2019 was at 56.6%, December 2018 54.1%, February 2018 60.8%. “Comments from the panel reflect continued expanding business strength, supported by notable demand and output, although both were softer than the prior month…” ISM PR link.

The IHS Markit US February 2019 Manufacturing PMI is at 53.0, January 2019was at 54.9, December 2018 53.8, February 2018 55.3. “Midway through the first quarter of 2019, manufacturing firms indicated a solid, albeit softer, improvement in the health of the sector, with the index registering its lowest level for 18 months.” IHS Markit PR link.

Automotive News says US February 2019 Total Light Vehicles Sold were at 1,268,571, -2.9% from February 2018, Seasonally Adjusted Annual Rate is 16,610,000, Average Transaction Price was $34,565, Average Incentive Outlay $3,721. “U.S. light-vehicle sales fell 2.9 percent in February as severe winter weather, lingering effects of the temporary U.S. government shutdown and anxiety over federal tax refunds curtailed showroom traffic.” Automotive News PR link.

The U of Michigan US Final February 2019 Consumer Sentiment Index is at 93.8, January 2019 was at 91.2, December 2018 98.3, February 2018 99.7. “While the overall level of confidence remains diminished, it is still quite positive.” UMichigan PR link.

***Thursday, February 28:

The PBRMarketTools US Stock Exchanges Recap for February 2019 ending 02/28/19:

DJIA ends February at 25,916.00, -0.44% from last Friday, +3.67% MTD, +11.10% QTD/YTD, -3.40% from record 26,743.50 set 09/21/18.

NASDAQ ends February at 7,532.53, +0.07% from last Friday, +3.44% MTD, +13.52% QTD/YTD, -7.12% from record 8,109.69 set 08/29/18.

SPX ends February at 2,784.49, -0.29% from last Friday, +2.97% MTD, +11.08% QTD/YTD, -4.99% from record 2,930.75 set 09/20/18.

The February 2019 US Stock Exchanges Recap:
It was easily another overwhelming month for The Stock Market Bull as all major US exchanges finished up 3% or more and over their November 2018 closes prior to the December collapse. On occasion The Stock Market Bear would make an appearance for a day now and then, and did have a run of 3 days at the end of the month, but with only moderate margins.

The Month 2 YTD tally is:
The Stock Market Bull: 2 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

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Filed Under: Recaps Tagged With: acquisitions, Business Intelligence, business news, Economy, Investing, Leadership, Market Research, mergers, Money, Rankings, Stock Market, Stocks, The PBR1000

The PBR1000 Spotlight: Autodesk, Inc(NASDAQ: ADSK)

March 21, 2019 by admin

Autodesk, Inc

(NASDAQ: ADSK)(PBR865)

Business Description:

Autodesk® helps people imagine, design and create a better world. Everyone—from design professionals, engineers and architects to digital artists, students and hobbyists—uses Autodesk® software to unlock their creativity and solve important challenges.

Headquarters:

AutoDesk, Inc
111 McInnis Pkwy
San Rafael, CA 94903
415-507-5000

Website Hotlink: Autodesk logo above or www.Autodesk.com

Social Media:

The PBR1000 Rank by Revenue: 865 (As of 02/28/19)
The PBR1000 Rank by Market Capitalization: 160 (As of 02/28/19)
SIC: 7372-SERVICES-PREPACKAGED SOFTWARE
Stock Symbol: NASDAQ: ADSK
Year Started: 1982
Fiscal Year End Month: January

Autodesk Analytics

Fiscal Year End:	2015	2016	2017	2018	2019
Revenues($MM)	$2,512	$2,504	$2,031	$2,057	$2,570
Profits($MM)	$82	($331)	($582)	($567)	($81)
Profits/Revenues	3.26%	(13.22%)	(28.66%)	(27.56%)	(3.15%)
Market Capitalization($B)	$12.78	$10.55	$18.10	$25.24	$32.24
Earnings Per Share(Basic)	$0.36	($1.46)	($2.61)	($2.58)	($0.37)
Wtd Avg Shares(MM, Basic)	227.1	226.0	222.7	219.5	218.9
Dividend Per Share	$ 0.0000	$ 0.0000	$ 0.0000	$ 0.0000	$ 0.0000
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Total Yield	5.38%	(13.30%)	73.73%	42.14%	27.31%
Price/Earnings Ratio	150.0	(32.1)	(31.2)	(44.8)	(397.8)
Assets($MM)	$4,910	$5,515	$4,798	$4,114	$4,729
Profits to Assets	1.67%	(6.00%)	(12.13%)	(13.78%)	(1.71%)
Equity($MM)	$2,219	$1,620	$734	($276)	($211)
Equity to Assets	45.19%	29.37%	15.30%	(6.22%)	(4.46%)
Profits to Equity	3.70%	(20.43%)	(79.29%)	221.48%	38.39%
Cash Flow from Ops($MM)	$709	$414	$170	$1	$377
Employees	8,823	9,500	9,000	8,800	9,000


Calendar Quarter End:	1Q	2Q	3Q	4Q
ADSK Stock Price(2014)	$49.18	$56.38	$55.10	$60.06
ADSK Stock Price(2015)	$58.64	$50.08	$44.14	$60.93
ADSK Stock Price(2016)	$58.31	$54.14	$72.33	$74.01
ADSK Stock Price(2017)	$86.47	$100.82	$112.26	$104.83
ADSK Stock Price(2018)	$125.58	$131.09	$156.11	$128.61

Current ADSK Stock Price and Analyst Estimates
(Overweight(26 estimates on 03/19/19, 15 Buy, 3 Overweight, 5 Hold, 2 Underweight, 1 Sell.))

Top ADSK Shareholders

CEO Biography (Andrew Anagnost, President/CEO since June 2017.)

CFO Biography (Scott Herren, SVP and Chief Financial Officer)

Executive Team & Board Members

SEC Filings

January 2018 10-K Report

October 2018 3Q19 10-Q Report

February 28, 2019: 4Q19 Earnings Conference Call

Investor Relations

News Releases

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PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 26 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Current ADSK Stock Price and Analyst Estimates are provided by:

This The PBR1000 Spotlight is provided by:

(Last Updated: 03/19/19)

Filed Under: Spotlight Tagged With: ADSK, Business Intelligence, Investing, Leadership, Market Research, Money, NASDAQ, Personal Finance, Rankings, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

The PBR1000 February 2019 Stocks & Commodities Snapshots

March 4, 2019 by admin

February 2019 The PBR1000: A Sweetheart of a Month for The Stock Market Bull

February was another good month for The Stock Market Bull, some experts say he has a lot more ahead of him in 2019, some predict The Stock Market Bear will catch up to him.

By Larry C. Paxton

The February 2019 US Stock Exchanges Summary: It was easily another overwhelming month for The Stock Market Bull as all major US exchanges finished up 3% or more and over their November 2018 closes prior to the December collapse. On occasion The Stock Market Bear would make an appearance for a day now and then, and did have a run of 3 days at the end of the month, but with only moderate margins.

The Month 2 YTD tally is:
The Stock Market Bull: 2 months
The Stock Market Bear: 0 months
Mixed Results: 0 months

The February 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 19

Number of Gain(+)/Loss(-) Days: DJIA 11+/9-; NASDAQ 13+/6-; SPX 12+/7-.

Record Days: None

Longest Gain Streak(Consecutive Days): DJIA 3 days(02/01-05/19, 02/15-20/19), NASDAQ 8 days(02/08-20/19), SPX 5 days(01/30-02/05/19)

Longest Loss Streak(Consecutive Days): DJIA 4 days(02/06-11/19), NASDAQ 2 days(02/06-07/19), SPX 3 days(02/26-28/19)

Big Swing Up Days(>1.00%): 3 days (02/04/19(N +1.15%), 02/12/19(D +1.49%, N +1.46%, S +1.29%), 02/15/19(D +1.74%, S +1.09%))

Big Swing Down Days(<-1.00%): 1 day (02/07/19(N -1.18%)

The PBR1000 February 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 February 2019 Snapshots. The price for stocks is for the close of trading on February 28, 2019, Month % Chg is compared to January 31, 2019, YTD % Chg is compared to December 31, 2018, and the 14 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the February 2019 edition with the complete 15 Snapshots and 27 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +116% to -87%. 721 out of 1,000 stocks were up 0% or more. The average was a gain of +3.22%, the median was a gain of 3.84%. The DJIA was +3.67%, NASDAQ +3.44%, SPX +2.97%.

Company	PBR Rank	Symbol	Price 02/28/19	Mo % Chg	YTD % Chg	14Mos % Chg
Diebold Nixdorf	530	DBD	$ 9.19	+116	+269	-44
iHeartMedia	444	IHRTQ	$ 1.01	+110	+130	+102
Sears Holdings	170	SHLDQ	$ 0.88	+73	+226	-75
Pyxus Intl	895	PYX	$ 26.99	+66	+128	+104
Pier 1 Imports	905	PIR	$ 1.35	+65	+335	-67

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +165% to -45%. 936 out of 1,000 stocks were up 0% or more. The average was a gain of +9.33%, the median was a gain of 10.88%. The DJIA was +7.17%, NASDAQ +9.74%, SPX +7.87%.

Company	PBR Rank	Symbol	Price 02/28/19	Mo % Chg	YTD % Chg	14 Mos % Chg
Pier 1 Imports	905	PIR	$ 1.35	+65	+335	-67
Diebold Nixdorf	530	DBD	$ 9.19	+116	+269	-44
Sears Holdings	170	SHLDQ	$ 0.88	+73	+226	-73
Ferrellgas	863	FGP	$ 1.41	+16	+161	-67
FannieMae	21	FNMA	$ 2.68	+6	+153	+1

Table 3(S13): The PBR1000 Top 5 14 Months Stock Price % Gainers

Table 3 Summary: The range was +228% to -96%. 442 out of 999 stocks were up 0% or more. The average was a gain of 0.94%. The median was a loss of 3.53%. The DJIA was +4.84%, NASDAQ +9.11%, SPX +4.15%.

Company	PBR Rank	Symbol	Price 02/28/19	Mo % Chg	YTD % Chg	14 Mos % Chg
BlueLinx	896	BXC	$ 32.04	+10	+30	+228
Square	846	SQ	$ 81.24	+14	+45	+134
AMD	490	AMD	$ 23.53	-4	+27	+129
Insperity	671	NSP	$ 126.27	+18	+35	+120
Chipotle	537	CMG	$ 607.53	+15	+41	+110

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $840 billion to $0.03 billion. The average is $25.787 billion, median is $7.50 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 02/28/19	Mo % Chg	YTD % Chg	14 Mos % Chg
Microsoft	23	MSFT	$ 860 B	+7	+12	+30
Apple	3	AAPL	$ 816 B	+4	+10	-7
Amazon	5	AMZN	$ 805 B	-4	+11	+45
Alphabet	15	GOOG	$ 779 B	+0	+8	+7
Berkshire Hathaway	4	BRKB	$ 498 B	-2	+8	+7
The PBR1000			$ 26,404 B	-2	-0	+1

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 02/28/19	Mo % Chg	YTD % Chg	14 Mos % Chg
The PBR1000	86,556.60	+3.2	+12.9	+0.9
DJIA	25,916.00	+3.7	+11.1	+4.8
NASDAQ	7,532.53	+3.4	+13.5	+9.1
S&P500	2,784.49	+3.0	+11.1	+4.2
GOLD	1,314.90	-0.6	+2.4	+0.8
SILVER	15.64	-2.1	+0.5	-7.9
OIL	57.45	+6.7	+25.4	-4.4

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Please use the Contact Us page if you are a The PBR1000 company and would like to increase your visibility to our worldwide base of shrewd investors.

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 26 rankings, over 200 data/information points, hotlinks to key data, and important news items per company. This service is used by astute business professionals and shrewd investors worldwide.

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The PBR1000 January 2019 Stocks & Commodities Snapshots

February 5, 2019 by admin

January 2019 The PBR1000: The Stock Market Bull Starts With A Big Snort

The Stock Market Bull came back strong in January 2019 to make up a lot of ground from a disastrous December 2018.

By Larry C. Paxton

The January 2019 US Stock Exchanges Summary: There were a few days in January 2019 when The Stock Market Bear would take a big chunk out of the US stock exchanges. However, those were always isolated 1 day events because The Stock Market Bull would quickly counter with a big charge of his own and string together a few nice positive days. The Stock Market Bull convincingly wins January 3-0 in a pretty dramatic comeback from December 2018.

The Month 1 YTD tally is:
The Stock Market Bull: 1 month
The Stock Market Bear: 0 months
Mixed Results: 0 months

The January 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 14+/7-; NASDAQ 15+/6-; SPX 15+/6-.

Record Days: None

Longest Gain Streak(Consecutive Days): DJIA 5 days(01/04-10/19), NASDAQ 5 days(01/04-10/19), SPX 5 days(01/04-10/19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(01/11-14/19), NASDAQ 2 days(01/11-14/19 & 01/28-29/19), SPX 2 days(01/11-14/19 & 01/28-29/19)

Big Swing Up Days(>1.00%): 7 days (01/04/19(D +3.29, N +4.26%, S +3.43%), 01/07/19(D +1.26%), 01/08/19(D +1.09%, N +1.08%), 01/15/19(N +1.71%, S +1.07%), 01/18/19(D +1.38%, N +1.03%, S +1.32%), 01/25/19(N +1.29%), 01/30/19(D +1.77%, N +2.20%, S +1.55%))

Big Swing Down Days(<-1.00%): 3 days (01/03/19(D -2.83%, N -3.04%; S -2.48%), 01/22/19(D -1.22%, N -1.91%; S -1.42%), 01/28/19(N -1.10%).

The PBR1000 January 2019 SnapShots

The following are Top 5 partial tables excerpts from The PBR1000 January 2019 Snapshots. The price for stocks is for the close of trading on January 31, 2019, Month % Chg is compared to December 31, 2018, YTD % Chg is compared to December 31, 2018, and the 13 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the January 2019 edition with the complete 15 Snapshots and 27 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +165% to -45%. 936 out of 1,000 stocks were up 0% or more. The average was a gain of +9.33%, the median was a gain of 10.88%. The DJIA was +7.17%, NASDAQ +9.74%, SPX +7.87%.

Company	PBR Rank	Symbol	Price 01/31/19	Mo % Chg	YTD % Chg	13 Mos % Chg
Pier 1 Imports	905	PIR	$ 0.82	+165	+165	-80
Fannie Mae	20	FNMA	$ 2.54	+140	+140	-4
Freddie Mac	37	FMCC	$ 2.46	+134	+134	-2
Ferrellgas	862	FGP	$ 1.22	+126	+126	-72
YRC Worldwide	514	YRCW	$ 6.24	+98	+98	-57

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Company	PBR Rank	Symbol	Price 01/31/19	Mo % Chg	YTD % Chg	13 Mos % Chg
Pier 1 Imports	905	PIR	$ 0.82	+165	+165	-80
Fannie Mae	20	FNMA	$ 2.54	+140	+140	-4
Freddie Mac	37	FMCC	$ 2.46	+134	+134	-2
Ferrellgas	862	FGP	$ 1.22	+126	+126	-72
YRC Worldwide	514	YRCW	$ 6.24	+98	+98	-57

Table 3(S13): The PBR1000 Top 5 13 Months Stock Price % Gainers

Table 3 Summary: The range was +199% to -90%. 398 out of 1,000 stocks were up 0% or more. The average was a loss of 2.18%. The median was a loss of 6.65%. The DJIA was +1.13%, NASDAQ +5.48%, SPX +1.14%.

Company	PBR Rank	Symbol	Price 01/31/19	Mo % Chg	YTD % Chg	13 Mos % Chg
BlueLinx	896	BXC	$ 29.15	+18	+18	+199
AMD	489	AMD	$ 24.41	+32	+32	+137
Crocs	1000	CROX	$ 28.72	+11	+11	+127
Fossil	738	FOSL	$ 16.96	+8	+8	+118
Genesis Healthcare	486	GEN	$ 1.57	+33	+33	+107

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $840 billion to $0.03 billion. The average is $25.787 billion, median is $7.50 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 01/31/19	Mo % Chg	YTD % Chg	13 Mos % Chg
Amazon	8	AMZN	$ 840 B	+11	+11	-3
Microsoft	22	MSFT	$ 801 B	+5	+5	-10
Apple	2	AAPL	$ 785 B	-3	-3	-17
Alphabet	21	GOOG	$ 776 B	+7	+7	+1
Berkshire Hathaway	4	BRKB	$ 508 B	+10	+10	-4
The PBR1000			$ 25,787 B	+9	+9	-0

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 12/31/18	Mo % Chg	YTD % Chg	13 Mos % Chg
The PBR1000	83,966.79	+9.3	+9.3	-2.2
DJIA	24,999.67	+7.2	+7.2	+0.8
NASDAQ	7,281.74	+9.7	+9.7	+5.5
S&P500	2,704.10	+7.9	+7.9	+1.1
GOLD	1,323.40	+3.0	+3.0	+1.4
SILVER	15.98	+2.7	+2.7	-5.9
OIL	53.85	+17.6	+17.6	-10.4

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The PBR1000 January 2019 Breaking News Recap

February 2, 2019 by admin

With a Republican controlled Senate and a Democratic controlled House the new US Congress will have many challenges to create legislation to keep America moving forward.

By Larry C. Paxton

The January 2019 The PBR1000 News Summary: The biggest news was the US Federal Government partial shutdown, which finished late on 01/25/19 after 35 days with 800,000 government workers furloughed. Economists generally agree that the global economy is entering a slowdown phase. The US economy showed some slowing down signs as well, but is still growing at a healthy rate. The FOMC keeps short term federal funds rates the same and strikes a dovish tone. New US/China trade talks have eased concerns a little bit and there is some optimism. Corporate earnings were generally good.

***Thursday, January 31:

The PBRMarketTools US Stock Exchanges Recap for January 2019 Ending 01/31/19:

DJIA ends January 2019 at 24,999.67, +1.06% from last Friday, +7.17% MTD/QTD/YTD, -6.82% from record 26,743.50 set 09/21/18.

NASDAQ ends January 2019 at 7,281.74, +1.63% from last Friday, +9.74% MTD/QTD/YTD, -10.21% from record 8,109.69 set 08/29/18.

SPX ends January 2019 at 2,704.10, +1.48% from last Friday, +7.87% MTD/QTD/YTD, -7.73% from record 2,930.75 set 09/20/18.

The Month 1 YTD tally is:
The Stock Market Bull: 1 month
The Stock Market Bear: 0 months
Mixed Results: 0 months

American Airlines(PBR62) to hire 250+ aviation maintenance technicians(AMTs) across around 30 cities by mid 2019, currently has 9,000+ AMTs. $AAL PR link.

Sprint(PBR85) says it had 54,495,000 connections on 12/31/18, down from 54,581,000 on 12/31/17. $S PR link.

Enterprise Products(PBR97) authorizes multi-year $2 billion common unit buyback program. $EPD PR link.

Blackstone(PBR386) Infrastructure Partners affiliates to acquire 100% of the membership interests in Tallgrass Energy, LP (NYSE: TGE)’s general partner, as well as an approximately 44% economic interest in Tallgrass, for total cash consideration of approximately $3.3 billion. $BX PR link.

Essendant(PBR506) $12.80/share, $996 million cash, includes net debt, acquisition through Staples tender offer is completed. $ESND PR link.

Mattel(PBR515) announces a worldwide licensing agreement between its Barbie brand and National Geographic to create a product line and content centered around exploration, science, conservation and research, features career dolls and playsets highlighting occupations in which women are underrepresented. $MAT PR link.

Platform Specialty(PBR607) completes $4.2 billion cash sale of its Arysta LifeScience unit to UPL Corporation, renaming itself to Element Solutions Inc effective 02/01/19, trading symbol to change to NYSE: ESI, Rakesh Sachdev retires as CEO, remains on the Board, EVP/Operations & Strategy Benjamin Gliklich becomes CEO, Scot Benson promoted to President/COO. $PAH PR link.

Graham Holdings(PBR775) has acquired Lexus of Rockville and Honda of Tysons Corner, from Sonic Automotive(PBR288), terms not disclosed. $GHC PR link.

Intel(PBR44) appoints CFO/Interim CEO Bob Swan as CEO, VP/Finance Todd Underwood named interim CFO. $INTC PR link.. Intel(PBR44) CEO Bob Swan sends first letter to employees, customers and partners, Subject: Driving Intel Forward. $INTC PR link.

Alcoa(PBR250) hires John Slaven as EVP/Chief Strategy Officer. $AA PR link.

Symantec(PBR519) EVP/CFO Nicholas Noviello to step down upon appointment of successor, to pursue other opportunities. $SYMC PR link.

The US Dept of Labor says US Initial Unemployment Insurance Claims 4 Week Moving Average for Week Ending 01/26/19was at 220,250, +1.0% from 12/22/18, -5.9% from 01/27/18, Total Insured Unemployment 4 Week Moving Average for Week Ending 01/19/19 was at 1,737,750, +3.7% from 12/15/18, -9.9% from 12/15/18, Insured Unemployment Rate is at 1.4%. USDOL PR link.

The US Dept of Labor says the US 4Q18 Employment Cost Index for All Workers(12/2005=100) is at 135.2, +0.7% from 3Q18, +2.9% from 4Q17. USDOL PR link.

The US Dept of Commerce/HUD says the US Preliminary November 2018 New Family Homes Sold Annual Rate was at 657,000 units, +16.9% from October 2018, -7.7% from November 2017, Median Price was at $302,400, Houses Available were 330,000, Months Supply was 6.0. HUD PR link.

FreddieMac(PBR37) says the US Average 30 Year Fixed Mortgage Rate on 01/31/19 is at 4.46% with 0.5 points/fees, 12/27/18 was 4.55%, 11/29/18 4.81%, 12/28/17 3.99%. $FMCC PR link.

The Federal Reserve Bank of Chicago says the US 7th District Preliminary December 2018 Midwest Economy Index is at +0.17, November 2018 was at +0.11. ChiFed PR link.

The MNI Chicago Business Barometerdropped to 56.7 in January 2019, down 7.1 points from December 2018’s downwardly adjusted 63.8. MNI PR link.

***Wednesday, January 30:

Walmart(PBR1) enters new, long-term partnership with sports fan brand Fanatics, opens on Walmart.com the Fan Shop by Fanatics for officially licensed apparel and other items. $WMT PR link.

Apple(PBR2 $AAPL) being investigated by NY Attorney General and Governor for FaceTimeprivacy breach. NY AG PR link.

Apple(PBR2) Music available to subscribers on free wifi on domestic American Airlines(PBR62 $AAL) flights. $AAPL PR link.

Apple(PBR2 $AAPL) bans Facebook(PBR67 $FB)’s Research app that paid users $20/month for root network access to all data passing through their phone. TechCrunch PR link.

AT&T(PBR10) says it had 2.8 million from the US and 1.0 million from Mexicon net new adds to its wireless service, helped offset losses from legacy wireline services, wireless equipment, domestic video and Vrio. $T PR link.

Chevron(PBR13) US subsidiary to acquire from Petrobas the Pasadena Refining System, includes the refinery in Texas and PRSI Trading, for $350 million. $CVX PR link.

Facebook(PBR67) in 4Q18 report says around 2.7 billion people now use Facebook, Instagram, WhatsApp, or Messenger each month, 2018 revenues at $55.013 billion, +38% from 2017. $FB PR link.

T-Mobile(PBR68) and Sprint(PBR85) upon completion of merger to develop 5 new T-Mobile Customer Experience Centers, will create an average of 1,000 jobs per location. $TMUS PR link.

Kraft Heinz(PBR104) completes $625 million sale of its $150 million in revenues/year Indian brands Complan, Glucon-D, Nycil and Sampriti to Zydus Cadila. $KHC PR link.

Mylan(PBR246 $MYL) gets US FDA approvalfor first generic for of Advair Diskus (fluticasone propionate and salmeterol inhalation powder) for the twice-daily treatment of asthma in patients aged four years and older and maintenance treatment of airflow obstruction and reducing exacerbations in patients with chronic obstructive pulmonary disease (COPD). US FDA PR link.

Tesla(PBR248) in 4Q18 & 2018 report shows profit for 2nd quarter in a row, sold nearly 140,000 Model 3’s, expects to produce 7,000 Model 3’s on a sustained basis by end of 2019, deployed 1.04 GWh of energy storage in 2018, nearly triple from 2017. $TSLA PR link.

Charles Schwab(PBR328) authorizes new $4 billion share repurchase program. $SCHW PR link.

DCP Midstream(PBR332) to sell to NGL Energy(PBR160 $NGL) its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern US, terms not disclosed. $DCP PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 01/31/19 to 03/15/19 to get additional US, China, Canada and other regulatory approvals. $GNW PR link.

Avon Products(PBR469) pursuing a structural reset of its inventory processes, including a 15% reduction in inventory levels and 25% reduction in Stock Keeping Units (SKUs) and a 10% reduction in its global headcount. $AVP PR link.

Michaels Cos(PBR488) to close all of its 36 Pat Catan’s arts and crafts stores, to rebrand up to 12 of the closed Pat Catan’s stores and reopen them under the Michaels banner in FY 4Q18. $MIK PR link.

Mattel(PBR515) Films to partner with Warner Bros Pictures do develop Hot Wheels live-action motion picture. $MAT PR link.

CACI Intl(PBR537) and affiliates to acquire to acquire real-time spectrum management, C4ISR, and cyber products and solutions to the Intelligence Community (IC) and Department of Defense (DoD) provider LGS Innovations, has acquired rapid design and manufacturing of rugged signals intelligence (SIGINT), electronic warfare (EW), and cyber operations products and solutions experts Mastodon Design, for a combined total of $975 million. $CACI PR link.

Cabot Corp(PBR675) to sell its Specialty Fluids business to a wholly owned Hong Kong subsidiary of Sinomine Resource Group Cofor $135 million. $CBT PR link.

Marathon Oil(PBR551) President/CEO Lee Tillman appointed to also be Chairman per retirement of Dennis Reilley as Chairman for 6 years and Board member for 17 years. $MRO PR link.

Edison Intl(PBR237) promotes Caroline Choi to SVP/Corporate Affairs, effective 02/04/19, succeeds retiring Gaddi Vasquez. $EIX PR link.

Tesla(PBR248 $TSLA) CFO Deepak Ahuja plans to retire from Tesla sometime in 2019, VP Finance Zach Kirkhorn to be successor. Yahoo Finance PR link.

The Federal Open Market Committee releases the 01/29-30/19 Meeting Statement, says information received since last meeting in December 2018 “… indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate … survey-based measures of longer-term inflation expectations are little changed … to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.” FOMC PR link.

ADP(PBR216) says US Preliminary January 2019 Change In Employment is +213,000 jobs, 63,000 from Small Businesses(1-49 employees), 84,000 from Mid-Sized Businesses(50-499 employees), 66,000 from Large Businesses(500+ employees); 68,000 jobs were from the Goods Producing Sector, 145,000 from the Services Sector. $ADP PR link.

The US Energy Information Administrationsays that US Crude Oil Stocks on 01/24/19were at 445.9 million barrels of oil, +1.0% from 12/21/18, +6.6% from 01/26/19. EIA PR link.

***Tuesday, January 29:

ExxonMobil(PBR3) starts construction on a new unit at its Beaumont, TX refinery that will increase crude refining capacity by more than 65%, or 250,000 barrels per day. $XOM PR link.

Verizon(PBR17) says it had 1.2 million wireless retail postpaid net additions, including 653,000 phone net additions and 873,000 postpaid smartphone net additions in 4Q18. $VZ PR link.

HCA(PBR59) increases share buyback program by up to $2 billion. $HCA PR link.

Tenet Healthcare(PBR142) completes sale of its last 3 Chicago area acute care hospitals to TWG Partners, will be managed by Pipeline Health. $THC PR link.

VISA(PBR143) extends partnership with US Natl Football League as Official Payment Services Technology Partner through the 2025 season, plans to collaborate on the first cashless Super Bowl in the future. $V PR link.

Kohl’s(PBR151) and WW(fka Weight Watchers)(PBR974) will pilot a variety of health and wellness offerings to help customers and Kohl’s associates on their wellness journeys, including the debut of its first in-store WW Studio, the introduction of WW Healthy KitchenTM products at select Kohl’s stores and on Kohls.com, as well as subsidized WW FreestyleTM program memberships for Kohl’s associates through Kohl’s Healthy Rewards. $KSS PR link.

PG&E(PBR163) files for reorganization under Chapter 11 with the US Bankruptcy Court for the Northern District of California, also files for $5.5 billion in debtor-in-possession (DIP) financing to be provided by a consortium of banks, appoints a Chief Restructuring Officer and a Deputy CRO. $PCG PR link.

MGM Resorts(PBR267) completes $850 million acquisition of Empire City Casino in Yonkers, NY, MGM Growth Properties(NYSE: MGP)acquires the developed real property from MGM Resorts for $625 million, leases back to an MGM Resorts subsidiary. http://bit.ly/PCGia29$MGM PR link.

GameStop(PBR310) has concluded its previously announced efforts to pursue a sale of the company, continuing search for new CEO. $GME PR link.

Arthur J Gallagher(PBR445) acquires Baton Rouge, LA-based employee benefit consultant and retail property/casualty broker The Chapman Group, terms not disclosed. $AJG PR link.

Harley-Davidson(PBR472) in 4Q18 report says it sold 228,051 motorcycles in 2018, 242,788 motorcycles were sold in 2017, -6.1%, 2018 revenues were $4.696 billion, 2017 was $4.915 billion. $HOG PR link.

Boston Properties(PBR774) and TMG Partners to co-develop Platform 16, an urban campus in downtown San Jose, CA, will be 1.1 million sf Class A office space on 5.4 acres adjacent to Google‘s 8 million sf transit station and Diridon Station, to be completed in early 2021. $BXP PR link.

Modine Manufacturing(PBR858) exploring strategic alternatives for its Automotive business, represents 25% of its $2.1 billion annual revenues. $MOD PR link.

First Horizon National(PBR953) adds $250 million to share repurchase program, now has $400 million available. $FHN PR link.

Rowan Cos(PBR978) shareholders to receive 2.750 shares of Ensco for each share of Rowan per amended agreement, represents an approximately 24.2% increase compared to the 2.215 of the 10/07/18 all-stock proposal for $12 billion enterprise value of combined company, some primary shareholders express support. $RDC PR link.

FreddieMac(PBR37) elects Sara Mathew as Non-Executive Chairman, to succeed retiring Christopher S. Lynch who has reached the 10 year limit tenure. $FMCC PR link.

Kroger(PBR18) promotes Stuart W. Aitken to the newly-created role of SVP/Alternative Business, effective 02/03/19. $KR PR link.

Kroger(PBR18) EVP/Chief Information Officer Chris Hjelm to retire 08/01/19, will remain EVP until retirement, Yael Cosset promoted to SVP/CIO, effective 05/01/19. $KR PR link.

Tech Data(PBR77) promotes Jaideep Malhotra to President, Asia Pacific and Global Computing Components. $TECD PR link.

The S&P CoreLogic Case-Shiller US November 2018 National Home Price Index(Jan2000=100) is at 205.85, October 2018 was at 205.74, September 2018 205.77, November 2017 195.70, November 2016184.37. “The pace of price increases are being dampened by declining sales of existing homes and weaker affordability …” Case-Shiller PR link.

The Conference Board says the US Preliminary January 2019 Consumer Confidence Index(1985=100) is at 120.2, December 2018 was at 126.6. “… it appears that this month’s decline is more the result of a temporary shock(the US government partial shutdown) than a precursor to a significant slowdown in the coming months.” TCB PR link.

***Monday, January 28:

AbbVie(PBR99) gets US FDA approval for the use of IMBRUVICA® (ibrutinib) in combination with obinutuzumab (GAZYVA®) for adult patients with previously untreated chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL), first chemotherapy-free, anti-CD20 combination to treat CLL and SLL patients who have not yet started therapy. $ABBV PR link.

Thermo-Fisher Scientific(PBR137) to sell its 1,200 employees $350 million in annual revenues microscope slides, instruments and consumables provider Anatomical Pathology to PHC Holdings Corporation for approximately $1.14 billion in cash. $TMO PR link.

Sempra Energy(PBR259) to sell its equity interests in its South American businesses by end of 2019, part of plan to focus on N Americabusiness. $SRE PR link.

Wynn Resorts(PBR400) reaches settlement agreement with Nevada Gaming Commissionregarding allegations by certain employees against founder and previous CEO Steve Wynn, says settlement is an important remedial step. $WYNN PR link.

Wynn Resorts(PBR400) gets settlement agreement on a dispute involving trade dress and copyright infringement claims surrounding the design of the $4 billion Resorts World Las Vegas project. $WYNN PR link.

Arthur J Gallagher(PBR445) acquires Urbandale, IA-based Partners Advantage Insurance Services and AMZ Financial Insurance Services, wholly owned subsidiaries of Inversion Holding Company, rank among the largest independent life insurance wholesale brokerage operations in the country, terms not disclosed. $AJG PR link.

Caesars Entertainment(PBR517) to open modern 11 story 266 rooms 4 star hotel Caesars Republic Scottsdale, its first non-gaming hotel in the US, to be developed by HCW Development and operated by Aimbridge Hospitality, part of plan to expand its brands and loyalty network through its licensing strategy. $CZR PR link.

Spectrum Brands(PBR689) completes $1.25 billion sale of its Global Auto Care business to Energizer Holdings(NYSE: ENR). $SPB PR link.

Guess?(PBR814) CEO Victor Herrero leaving the company, effective 02/02/19, Chairman Maurice Marciano to also be interim CEO, former President/COO Carlos Alberini to rejoin Guess? as CEO effective upon his separation from current employer, Paul Marciano to remain Chief Creative Officer. $GES PR link.

Sanmina(PBR396) CFO David Anderson to retire from company after 17 years of service, will continue as CFO until successor named. $SANM PR link.

YUM!(PBR461) President/CFO David Gibbs gets COO responsibilities as well, new CFO search starts. $YUM PR link.

WW(Weight Watchers)(PBR974) hires Amy Weinblum as Chief Business Development Officer. $WTW PR link.

The Federal Reserve Bank of Chicago says the US Preliminary December 2018 National Activity Index is at +0.27, November 2018 was at +0.21, October 2018 +0.01, December 2017+0.19. ChiFed PR link.

The Congressional Budget Office in its 2019-2029 Budget and Economic Outlook forecasts a federal budget deficit of around $900 billion in 2019, $1+ trillion per year starting in 2022, 4.1-4.7% of Gross Domestic Product(GDP), projects GDP to be around +2.3% in 2019, 2018 estimated at +3.1%. CBO PR link.

The Congressional Budget Office estimates that the partial shutdown delayed $18 billion in federal spending and suspended some federal services, thus lowering the projected level of real GDP in the first quarter of 2019 by $8 billion (in 2019 dollars), or 0.2 percent. CBO PR link.

***Friday, January 25:

***Day 35 of the US Federal Government partial shutdown.

The PBRMarketTools US Stock Exchanges Recap for Week 4 ending 01/25/19:

DJIA ends the week at 24,737.20, +0.12% from last Friday, +6.04% MTD/QTD/YTD, -7.79% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,164.86, +0.11% from last Friday, +7.98% MTD/QTD/YTD, -11.65% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,664.76, -0.22% from last Friday, +6.30% MTD/QTD/YTD, -9.08% from record 2,930.75 set 09/20/18.

The Week 4 US Stock Exchanges Recap:
It was a 4 day trade week as Monday was Martin Luther King, Jr, Day. On Tuesday The Stock Market Bear dramatically charged into the fray with hardly any resistance. But The Stock Market Bull took over from there in more modest style, but over 3 days overtook most of the Tuesday losses and in a week that could have gone either way, finished Week 4 with a 2-1 record, the first Mixed Results Week of 2019.

The Week 4 YTD tally is:
The Stock Market Bull: 3 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 1 week

The Week 4 News Summary: The week ended with the record 35 day US Federal Government partial shutdown coming to an end with Congress and President Trump agreeing to open it up through February 15 to finish negotiations on funding, especially for US border security. There was little meaningful economic news because very few government statistics were made available. However, Natl Assn of Realtors data indicated a drop in the annual rate of existing home sales, and The Conference Board Leading Economic Indextook a very slight dip. There are concerns about a global economic slowdown, the European Commission Bank left rates unchanged and probably will for some time. US corporate earnings were generally okay with a lot of mixed results as well. The next round of US/China trade negotiations are being planned with mostly muted optimism.

GE(PBR19) and Wabtec(PBR595 $WAB)amend agreement for $11.1 billion deal for GE to spin-off GE Transportation unit which will then merge into Wabtec, will now result in 49.2% ownership by GE and GE shareholders, 50.8% by Wabtec, to close by 02/28/19. $GE PR link.

Facebook(PBR67 $FB) orchestrated a multiyear effort that duped children and their parents out of money, in some cases hundreds or even thousands of dollars, and then often refused to give the money back, according to unsealed court documents. Reveal PR link.

DXC Technology(PBR113) to acquire the 570 employees with 4,000 clients service business of EG A/S, one of the leading integrators of Microsoft Dynamics 365 in the Nordic region, to close by 03/31/19, terms nod disclosed. $DXC PR link.

Ingredion(PBR441 $INGR) on the hunt for acquisitions in Europe and Asia-Pacific as the maker of sugar substitute stevia and other ingredients looks to capitalize on rising consumer demand for healthy and natural products. MarketWatch PR link.

GATX(PBR966) authorizes new $300 million share repurchase program. $GATX PR link.

GE(PBR19) hires L. Kevin Cox as SVP/Chief Human Relations Officer, succeeds Raghu Krishnamoorthy who is retiring after 25 years with the company. $GE PR link.

AMD(PBR489) to unify all sales operations under SVP/Chief Sales Officer Darren Grasby, hires Sandeep Chennakeshu into a new position as EVP/Computing and Graphics, SVP/General Manager Datacenter and Embedded Solutions Group Forrest Norrod will now have responsibility for all AMD datacenter products across both CPUs and GPUs, promotes Mark Papermaster to EVP/Chief Technology Officer. $AMD PR link.

***Thursday, January 24:

***Day 34 of the US Federal Government partial shutdown.

Walmart(PBR1) hires 1,400 truck drivers in 2018, to hire hundreds more in 2019, raising driver pay beginning in 02/19, drivers will earn on average $87,500 a year and with an all-in rate close to 89 cents per mile. $WMT PR link.

Apple(PBR2 $AAPL) has cut over 200 employees from Project Titan, its stealthy autonomous vehicle initiative. CNBC PR link.

Facebook(PBR67 $FB) CEO Mark Zuckerberg defends Facebook’s business as ‘still evolving and improving.’ MarketWatch PR link.

Progressive(PBR101) expects to hire more than 10,000 people in 2019, includes IT and analyst roles, corporate functions, customer care and claims roles, largest hiring forecast in Progressive’s history. $PGR PR link.

PG&E(PBR163) equipment did not cause 2017 Tubbs wildfire, CAL FIRE concludes, still faces extensive litigation, significant potential liabilities and a deteriorating financial situation. $PCG PR link.

General Mills(PBR179) announces voluntary national recall of five-pound bags of its Gold Medal Unbleached Flour with a better if used by date of 04/20/20, potential presence of Salmonella. $GIS PR link.

MGM Resorts(PBR267) forms ad-hoc Board committee to evaluate its real estate portfolio. $MGM PR link.

Essendant(PBR507) $12.80/share, $996 million cash, includes net debt, acquisition by Staplestender offer extended to 01/30/19, 73.4% of shares have been tendered. $ESND PR link.

Platform Specialty(PBR607) gets final regulatory approval to sell its Arysta LifeScience unit to UPL Corporation for $4.2 billion cash, expects to close on 01/31/19. $PAH PR link.

Adobe Systems(PBR377) EVP/General Manager of Digital Experience Brad Rencher will be leaving the company, to stay on as a special advisor while new leader identified over new business structure. $ADBE PR link.

The Conference Board says the US Preliminary December 2018 Leading Economic Index(2016=100) is at 111.7, November 2018 was at 111.8, October 2018111.6, December 2017 107.2. “While the effects of the government shutdown are not yet reflected here, the LEI suggests that the economy could decelerate towards 2 percent growth by the end of 2019.” TCB PR link.

***Wednesday, January 23:

***Day 33 of the US Federal Government partial shutdown.

Facebook(PBR67) taking new steps in how it handles Page content that goes against its policies, adding Page Quality tab for Page managers, updates its Recidivism Policy. $FB PR link.

PG&E(PBR163 $PCG) in a court filing says it’s committed to system upgrades and wildfire mitigation, but it contends that a criminal case being handled by U.S. District Judge William Alsup is not the right forum to address such measures, judge’s proposals would cost $150 billion, significantly increase utility rates. MarketWatch PR link.

Synchrony Financial(PBR169) gets extension to continue to manage and service the credit card programs for Walmart(PBR1)’s Sam’s Club members across the retailer’s nearly 600 clubs, sale of Walmart loan portfolio currently serviced by Synchrony expected to transfer late in the 3Q19 or early 4Q19, and Walmart has agreed to dismiss its lawsuit against Synchrony. $SYF PR link.

Tesla(PBR248 $TSLA) has reduced Model S and Model X production hours, says changes a result of dropping cheaper versions of its Model S and Model X vehicle as well as of “improving efficiencies” in its production lines. MarketWatch PR link.

LAM Research(PBR262) authorizes up to $5 billion share repurchase program with no expiration date. $LRCX PR link.

Nielson Holdings(PBR413) has restarted a process to sell itself amid fresh interest from Blackstone Group(PBR386), anticipating $10 billion bid on 01/25/19. $NLSN PR link.

Bemis(PBR579) $57.75/share, $6.8 billion all stock transaction acquisition by Australia based Amcor Limited (ASX: AMC) delayed by US Federal Government partial shutdown, anticipates transaction to close in 2Q19. $BMS PR link.

Hologic(PBR679) gets US FDA clearance for its Aptima® Mycoplasma genitalium assay, the first and only FDA-cleared test to detect this under-recognized but increasingly common sexually transmitted infection (STI). $HOLX PR link.

Autodesk(PBR865) completes $275 million acquisition of bid management, risk analysis and other preconstruction solutions with a network of more than 700,000 construction professionals provider BuildConnect. $ADSK PR link.

Avista(PBR957) $53/share, $5.3 billion cash acquisition by Ontario, Canada, based electrical utility Hydro One terminated by mutual agreement after acquisition denial by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission. $AVA PR link.

Cardinal Health(PBR15) hires Brian Rice EVP/Chief Information Officer and Customer Support Services. $CAH PR link.

Jones Lang LaSalle(PBR348) promotes Mary Bilbrey to Global Chief HR Officer, succeeds Trish Maxson who maintains her roles as Chief Administrative Officer and interim CFO. $JLL PR link.

Under Armour(PBR512) hires Tchernavia Rocker as its new Chief People and Culture Officer, effective in 02/19. $UA PR link.

Vertex Pharmaceuticals(PBR790) terminates COO/Interim CFO Ian Smith for personal behavior issues, SVP/Controller & Chief Accounting Officer Paul Silva appointed interim CFO. $VRTX PR link.

Pier 1 Imports(PBR905) hires Robert Bostrom, 66, as EVP/Chief Legal and Compliance Officer and Corporate Secretary, succeeds Michael Carter who retired in 09/18. $PIR PR link.

The Federal Reserve Bank of Richmond says 5th District January 2019 Manufacturing Index(Annualized) is at -2%, December 2018was at -8%, November 2018 +14%, January 2018 +14%. “… manufacturing activity was soft in January … manufacturers remained optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says 5th District January 2019 Service Sector Revenue Index(Annualized) is at +6%, December 2018 was at +10%, November 2018+5%, January 2018 +20%. “… service sector activity continued to grow modestly in January … Respondents expected to see continued growth in revenues and demand but weak local conditions in the next six months.” RichmondFed PR link.

ADP(PBR216) says US 4Q18 Wage Growthwas at 3.4%, 4Q17 was at 3.1%, 4Q18 Wage Level was at $28.06, 4Q17 was at $27.13, 4Q18 Employment Growth was at 1.7%, 4Q17 was at 2.1%, 4Q18 Turnover Rate was at 67.5%, 4Q17was at 60.8%. $ADP PR link.

***Tuesday, January 22:

***Day 32 of the US Federal Government partial shutdown.

Walgreens Boots Alliance(PBR16 $WBA) to pay $269 million to settle charges of federal health-care programs overbilling. MarketWatch PR link.

Lowe’s(PBR39) becomes official Home Improvement Retail Sponsor of the NFL, exclusive, multi-year sponsorship grants Lowe’s the ability to market and activate on a national and local level throughout the year, including at key events such as the Super Bowl, NFL Draft, NFL Combine, NFL Kickoff and in support of the NFL’s Salute to Service. $LOW PR link.

UPS(PBR41) Latch smart access devices service for drivers to make in-building deliveries to multi-unit buildings securely and conveniently for residents who are not at home in New York and San Francisco service being expanded to Atlanta, Chicago, Los Angeles, Houston, Dallas, Washington D.C., Philadelphia, Boston, Miami and Seattle. $UPS PR link.

Oracle(PBR73 $ORCL) accused of underpaying women, minorities by more than $400 million per filing made in a two-year-old case that is being pursued by a part of the US Labor Departmentthat examines the pay practices of government contractors. MarketWatch PR link.

Starbucks(PBR112) Delivers service in partnership with Uber Eats begins pilot today in San Francisco, will expand to Boston, Chicago, Los Angeles, New York and Washington, DC, begins after successful test in Miami, planning upcoming pilot in UK as well. $SBUX PR link.

Carnival Corp(PBR158) Princess Cruises unit to activate 3 additional Princess MedallionClass ships in 2019. $CCL PR link.

PG&E(PBR163) files Debtor-In-Possession(DIP) Commitment Letter, to get $5.5 billion from banking institutions, reiterates plan to file for Chapter 11 bankruptcy, anticipates 2 years before emerges from bankruptcy. $PCG PR link.

Textron(PBR205) Specialized Vehicles unit and Bass Pro’s White River Marine Group TRACKER unit to partner to manufacture in the US a new line of high-performance all-terrain vehicles (ATVs) and side-by-sides, the TRACKER OFF ROAD, to debut in the spring. $TXT PR link.

Arconic(PBR220) to no longer pursue a potential sale of the company, did not receive a proposal for a full-company transaction, will continue sale process of its Building and Construction Systems business. $ARNC PR link.

Viacom(PBR221) to acquire 12 million monthly active users free streaming television service in US Pluto TV for $340 million, to close 1Q19. $VIA PR link.

MasterCard(PBR232 $MA) gets fined around $650 million by the European Commission for for obstructing merchants’ access to cross-border card payment services. European Commission PR link.

Netflix(PBR249 $NFLX) is the first streaming service to join the Motion Picture Association of America(MPAA), other members include Disney, Paramount, Sony, Fox, Universal, and Warner Bros. http://bit.ly/NFLXia22MPAA PR link.

eBay(PBR298 $EBAY) receives letter from 4% stakeholder activist investor Elliott Management, outlines its plans to increase eBay value, includes separating StubHub and Classified Ads from the business, focusing on core Marketplace business. Elliott Management PR link.

iHeartMedia(PBR444) gets approval for Plan for Reorganization by US Bankruptcy Court, expects to complete its restructuring process in1H19, will reduce its debt from $16.1 billion to $5.75 billion and will separate Clear Channel Outdoor Holdings from iHeartMedia, creating two independent public companies. $IHRTQ PR link.

H&R Block(PBR686) remains exclusive tax software provider at Walmart(PBR1), includes free extended download, available at stores and online. $HRB PR link.

USG Corp(PBR682) President/CEO Jennifer Scanlon to leave USG following closing of Knauf merger, other leaving executives named. $USG PR link.

Express(PBR856) President/CEO David Kornberg departs, EVP/COO Matthew Moellering to add Interim President/CEO role to his responsibilities. $EXPR PR link.

Itron(PBR868) President/CEO Philip Mezey to retire from his positions and Board by 08/31/19, to serve as an advisor through 12/31/19. $ITRI PR link.

Service Corp Intl(PBR697) President/COO Michael R. Webb to retire, effective 03/31/19, after 26 years with the company, Chairman/CEO Thomas L. Ryan to add President role, SVP/Operations Sumner J. Waring, III, to become COO. $SCI PR link.

The Natl Assn of Realtors says US Preliminary December 2018 Existing Home Sales Annual Rate is at 4,990,000 units, -6.4% from November 2018, -10.3% from December 2017; December 2018 Total Housing Inventory is at 1,550,000 units, -10.9% from November 2018, +6.2% from December 2017; December 2018 Median Housing Price at $253,600, -1.6% from November 2018, +2.9% from December 2017. NAR PR link.

FannieMae(PBR20) projects economic growth to slow to 2.2% in 2019, down from last year’s estimated pace of 3.1%, as financial conditions threaten to deteriorate further and fiscal stimulus is expected to fade. $FNMA PR link.

***Monday, January 21:

***Observance: Martin Luther King, Jr., Day
US Federal Government Holiday
US Stock Exchanges Closed.

***Day 31 of the US Federal Government partial shutdown.

Alphabet(PBR21 $GOOG)’s Google unit gets fined $57 million by France’s National Data Protection Commission (CNIL) in accordance with the General Data Protection Regulation (GDPR), for lack of transparency, inadequate information and lack of valid consent regarding the ads personalization. CNIL PR link.

Russia opens civil proceedings against Facebook(PBR67 $FB) and Twitter(PBR802 $TWTR), says the two social networks did not explain how and when they would comply with legislation requiring them to store Russian users’ personal data on servers in Russia. CNBC PR link.

Tesla(PBR248 $TSLA) gets green light to start delivering Model 3 in Europe. Bloomberg PR link.

The International Monetary Fund article: A Weakening Global Expansion Amid Growing Risks. “… projects global growth at 3.5% in 2019 and 3.6% in 2020, 0.2% and 0.1% below last October’s projections. … downward revisions are modest; however, we believe the risks to more significant downward corrections are rising.” IMF PR link.

***Friday, January 18:

***Day 28 of the US Federal Government partial shutdown.

The PBRMarketTools US Stock Exchanges Recap for the week ending 01/18/19:

DJIA ends the week at 24,706.35, +2.96% from last Friday, +5.91% MTD/QTD/YTD, -7.91% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,157.23, +2.66% from last Friday, +7.87% MTD/QTD/YTD, -11.74% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,670.71, +2.87% from last Friday, +6.54% MTD/QTD/YTD, -8.87% from record 2,930.75 set 09/20/18.

US Stock Exchanges Recap: The Stock Market Bear took Monday for a streak of two days, but The Stock Market Bull then charged into the pasture and took command in a big way the rest of the week and convincingly wins Week 3 3-0 to keep his perfect record intact so far in 2019.

The Week 3 YTD tally is:
The Stock Market Bull: 3 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 0 weeks

The Week 3 News Summary: The US Federal Government partial shutdown is now a record 28 days old with no end in sight. The US Federal Reserve Board released the Beige Book with mostly positive remarks about the economy from the 12 districts, though there did seem to be some moderation. The leaders and influencers in the US Federal Open Market Committee have generally agreed that the number of federal funds interest rate increases might be fewer than originally anticipated this year. Corporate earnings were mixed with the major banks and retailers reporting. Towards the end of the week the US/China trade discussions were starting to get some very positive results. Index fund pioneer John Bogledied this week. The UK Brexit plan was rejected by Parliament but Prime Minister Maysurvived a no-confidence vote.

CVS Health(PBR7) and Walmart(PBR1) reach multi-year agreement for Walmart to continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. $CVS PR link.

Amazon(PBR8) says more than 50,000 small and medium-sized businesses exceeded $500,000 in sales in Amazon’s stores in 2018. $AMZN PR link.

FedEx(PBR42) voluntary buyout program for US-based employees is expected to total $450 million to $575 million, should predominantly occur in fiscal year 4Q19, similar programs being considered for employees in international regions. $FDX PR link.

Starbucks(PBR112) Mexico opens its second store operated exclusively by older citizens. $SBUX PR link.

Eli Lilly(PBR120) says Phase 3 study of LARTRUVO® (olaratumab), in combination with doxorubicin in patients with advanced or metastatic soft tissue sarcoma (STS), did not confirm the clinical benefit, expects to take 1Q19 charge of $70-90 million pre-tax, $0.10 per share after tax. $LLY PR link.

MasterCard(PBR232) issues updated rules for vendors providing free trials for their products and services that can turn into unwanted ongoing subscriptions. $MA PR link.

Tesla(PBR248) CEO Elon Musk says needs to get cost of Model 3 down to around $35,000 from current variants that cost around $44,000 to make it available to a wider customer base, needs to increase production, but will have to lay off around 7% of workforce, mentions new vehicles becoming available and the Solar Roof product. $TSLA PR link.

Salesforce(PBR273) to open 430,000 sf 4 building campus, Salesforce Tower Dublin, in Dublin, Ireland, in 2021, to add 1,500 employees over 5 years. $CRM PR link.

Arthur J Gallagher(PBR445) acquires Shreveport, LA-based managing general agency Interstate Insurance Underwriters, terms not disclosed. $AJG PR link.

Whirlpool(PBR133) hires Gilles Morel as EVP and President/Europe, Middle East and Africa Region (EMEA), headquartered in Milan, Italy, effective 04/01/19. $WHR PR link.

Flowserve(PBR621) hires Dr. Tauseef Salma as VP/Marketing & Technology. $FLS PR link.

The US Federal Reserve Board says US Preliminary December 2018 Industrial Production Capacity-Total Industry was at 78.7%, November 2018 was 78.6%, October 2018 78.4%, December 2017 77.3%, Capacity Growth Over the Last Year +2.1%. USFed PR link.

The U of Michigan US Preliminary January 2019 Consumer Sentiment Index is at 90.7, December 2018 was at 98.3, November 201897.5, January 2018 95.7. “The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack of clarity about monetary policies.” UMichigan PR link.

US/China Trade Relations: China Offers a Path to Eliminate U.S. Trade Imbalance, Sources Say. Bloomberg News PR link.

Fannie Mae(PBR20 $FNMA) and Freddie Mac(PBR37 $FMCC) regulator Federal Housing Finance Agency discussing plan to end conservatorship. MarketWatch PR link.

Human Resources: Manpower(PBR136)releases report, “Humans Wanted, Robots Need You: Record Number of Employers Globally Plan to Increase or Maintain Headcount as a Result of Automation.” $MAN PR link.

***Thursday, January 17:

***Day 27 of the US Federal Government partial shutdown.

Walmart(PBR1) adds Point Pickup, Skipcart, AxleHire and Roadie to help expand Online Grocery Delivery option in over 100 metro areas across four states with further expansion planned in the coming weeks, available in 800 stores, adding 800 more in 2019. $WMT PR link.

Apple(PBR2 $AAPL) CEO Tim Cook in op-ed for Time magazine says regulatory action is needed to restore ‘full faith’ in tech. Time PR link.

Target(PBR38) expanding its private label baby brand Cloud Island, offering over 30 items including toiletries, diapers, and more, ranging in price from $0.99 to $21.99, most under $10.00.$TGT PR link.

UPS(PBR41) new 258,000 sf package delivery facility in northwest Houston’s Willowbrookarea has created 575 new full- and part-time jobs. $UPS PR link.

Facebook(PBR67) says it removed multiple Pages, groups and accounts that engaged in coordinated inauthentic behavior on Facebook and Instagram, two operations originated in Russia, and one was active in a variety of countries while the other was specific to Ukraine. $FB PR link.

PG&E(PBR163 $PCG) gets open letter from shareholder BlueMountain Capital Management “… to challenge the Board’s plan for a damaging, avoidable, and unnecessary bankruptcy. There is overwhelming evidence that PG&E is solvent.” BlueMountain PR link.

Sears(PBR168) confirms Chairman Eddie Lampert and his ESL Holdings win auction to acquire assets, including 425 “Go Forward” stores, for $5.2 billion, court approval date set for 02/01/19, if approved would close transaction around 02/08/19. $SHLDQ PR link.

Sears(PBR168 $SHLDQ) creditors contend that Chairman Eddie Lampert has painted himself as the savior of the company, but has instead made a series of moves over the years that have benefited himself and his hedge fund ESL, files lawsuit challenging his winning $5.2 billion bid for assets and 425 stores. Associated Press PR link.

Jacobs Engineering(PBR190) authorizes new $1 billion up to 3 years share repurchase program. $JEC PR link.

Tesla(PBR248) CEO Elon Musk tweets that the customer referral program will end on 02/01/19, adding too much cost to cars, especially the Model 3. $TSLA PR link.

Netflix(PBR249) grew 2018 revenues by 35% to $16 billion, doubled operating profits to $1.6 billion, finished 2018 with 139 million paying memberships, up 9 million for 4Q18, up 29 million for the year. $NFLX PR link.

AMC Entertainment(PBR503) starts 2019 with over 18 million AMC Stubs Memberhouseholds, around 46 million people. $AMC PR link.

Fossil Group(PBR738) to sell to Alphabet(PBR21)’s Google unit intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group for $40 million, includes a portion of Fossil Group’s research and development team currently supporting the transferring IP will join Google. $FOSL PR link.

Square(PBR845) launches Square Card, a free business debit Mastercard(PBR232), offering sellers a 2.75% instant discount on purchases made at other Square sellers. $SQ PR link.

Dun & Bradstreet(PBR914) $145.00/share, $6.9 billion cash acquisition by Star Parent Group gets UK Financial Conduct Authorityapproval, 15 day marking period starts, to close transaction by 02/11/19. $DNB PR link.

CBS(PBR214 $CBS) former Chairman/CEO Les Moonves, who left CBS over sex harassment charges, fights for $120 million in severance. MarketWatch PR link.

Lithia Motors(PBR285) hires David Stork as its first Chief Legal Officer. $LAD PR link.

Celanese(PBR446) hires Lynne Puckett as SVP/General Counsel, effective 02/13/19. $CE PR link.

PolyOne(PBR677) promotes Walter Ripple to new position of VP/Sustainability, company also has joined the Alliance to End Plastic Waste as a founding member. $POL PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District Preliminary January 2019 Manufacturing General Activity Indicator is at +17.0, December 2018 was at +9.1, November 2018 +11.9, January 2018 +24.8. “Manufacturing activity in the region continued to grow … survey’s broad indicators remained positive, although their movements were mixed again … firms reported growth in the underlying demand for their products and are generally optimistic about future growth and employment.” PhillyFed PR link.

The Natl Assn of Home Builders/Wells Fargosay that the US Preliminary January 2019 Housing Market Composite Index is at 58, December 2018 was at 56, November 2018 60, January 2018 72. NAHB/WF PR link.

The US Dept of Commerce US December 2018 Monthly New Residential Constructionreport scheduled for today is not available because of the US Federal Government partial shutdown.

***Wednesday, January 16:

***Day 26 of the US Federal Government partial shutdown.

Ford(PBR11) to introduce over 20 new Ford and Lincoln products in N America over the next 24 months, over 30 in China by 2021, strategy centers on high-growth product segments, electrified propulsion, autonomous vehicles, mobility services, operational fitness and high-performance culture. $F PR link.

Microsoft(PBR22) commits $500 million to tackle affordable housing crisis in Puget Sound, Washington State, region. $MSFT PR link.

Marriott Intl(PBR119) announces Marriott Bonvoy, the new loyalty brand replacing the current loyalty brands – Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG), launches 02/13/19, will have 120 million members, will also launch Bonvoy Moments, will feature approximately 120,000 experiences in 1,000 destinations. $MAR PR link.

Sears(PBR168 $SHLDQ) Chairman Eddie Lampert and his ESL Holdings raise bid to acquire Sears from $5 billion to $5.2 billion, would keep 425 stores open, 45,000 people employed, approval to go before bankruptcy judge in a few days. Reuters PR link.

NRG Energy(PBR269)’s $1 billion sale of its South Central business to Cleco Corporate Holdings gets approval by the Louisiana Public Service Commission, last regulatory approval needed, to close in 02/19. $NRG PR link.

GameStop(PBR310) completes $700 million sale of its Spring Mobile business, which owns and operates 1,289 AT&T wireless stores, to Prime Communications. $GME PR link.

KeyCorp(PBR397)’s KeyBank unit to acquire Laurel Road‘s digital lending business, has more than $4 billion in student loan originations since 2013. $KEY PR link.

Signet Jewelers(PBR436) to pay $10 million to the US Bureau of Consumer Financial Protection (“CFPB”) and $1 million to the Attorney General for the State of New York for in-store credit practices, promotions, and payment protection product by its Sterling Jewelers wholly owned subsidiary. $SIG PR link.

TravelCenters(PBR454) to purchase 20 travel centers from Hospitality Properties Trust (NASDAQ: HPT) for $308.2 million, will continue to lease 179 properties under its five leases with HPT, reduces annual rent by $43.1 million. $TA PR link.

Fiserv(PBR471) to acquire First Data(PBR243)in all stock transaction for equity value of around $22 billion, $22.74/share, Fiserv PresidentCEO Jeffery Yabuk will serve as Chairman/CEO of the combined company. First Data Chairman/CEO Frank Bisignano will assume the role of President/COO and be a member of the Board, to close 2H19. $FISV PR link.

TeleFlex(PBR853) to move from S&P MidCap 400 to S&P 500, will replace PG&E(PBR163)which is being removed because of its upcoming Chapter 11 Bankruptcy filing. $TFX PR link.

Lennar(PBR227) promotes Fred Rothman to COO, will continue to oversee the East Homebuilding Region, succeeds Jon Jaffe who remains President. $LEN PR link.

The US Federal Reserve Board releases the Beige Book for data collected on or before 01/07/19. “Economic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth … Outlooks generally remained positive, but many Districts reported that contacts had become less optimistic in response to increased financial market volatility, rising short-term interest rates, falling energy prices, and elevated trade and political uncertainty.” USFed PR link.

The US Dept of Labor says US Preliminary December 2018 Monthly Import Prices Indexwas -1.0%, November 2018 was at -1.9%, October 2018 +0.5%, December 2017 +0.2%; December 2018 Monthly Export Prices Indexwas -0.6%, November 2018 was at -0.8%, October 2018 +0.5%, December 2017 +0.1%; Last 12 Months Import Prices Index is at -0.6%, Export Prices Index +1.1%. USDOL PR link.

The US Dept of Commerce US November 2018 Manufacturing and Trade Sales and Inventories report and the US Dept of Commerce US Advance December 2018 Monthly Retail Trade report scheduled for today are not available because of the US Federal Government partial shutdown.

***Tuesday, January 15:

***Day 25 of the US Federal Government partial shutdown.

CVS Health(PBR7) says Walmart(PBR1 $WMT) has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks, does not impact Walmart’s participation in the CVS Caremark Medicare Part D pharmacy network, Walmart’s Sam’s Club division remains in the CVS Caremark pharmacy networks, not expected to have a material impact on the financial results of CVS in 2019. $CVS PR link.

Ford(PBR11) and Germany’s Volkswagen AGto form an alliance to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022, to investigate collaboration on autonomous vehicles, mobility services and electric vehicles. $F PR link.

Microsoft(PBR22) and Walgreens Boots Alliance(PBR16) to join forces to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. $MSFT PR link.

American Airlines(PBR62) marks 10th anniversary of the “Miracle on the Hudson” of US Airways Flight 1549, with all 150 passengers and 5 crew members surviving “the most successful ditching in aviation history.” $AAL PR link.

Facebook(PBR67) to invest $300 million over 3 years in supporting local journalists and newsrooms with their newsgathering needs in the immediate future; and helping local news organizations build sustainable business models, through both Facebook product and partnership work. $FB PR link.

Netflix(PBR249) raising Standard price from $10.99/month to $12.99/month. $NFLX PR link.

Netflix(PBR249 $NFLX) gets $25+ million federal lawsuit from Vermont based ChooseCofor infringement of its trademarks in “Black Mirror: Bandersnatch” episode which refers to “Choose Your Own Adventure” book. ChooseCo PR link.

Edwards Lifesciences(PBR645) to make one time $180 million payment to Boston Scientific(PBR315) to settle all outstanding patent disputes between the companies in all venues around the world. $EW PR link.

Humana(PBR53) hires William Shrank, MD, MSHS, as new Chief Medical Officer, effective 04/01/19, succeeds retiring Roy A. Beveridge, MD. $HUM PR link.

FMC(PBR723) promotes Michael F. Reilly to EVP/General Counsel and Secretary, effective 04/01/19, succeeds retiring Andrea E. Utecht. $FMC PR link.

Apollo Global Mgmt(PBR771) Lead Partner and COO (Credit) Anthony Civale and CFO Martin Kelly to serve as Co-COOs of Apollo, Kelly will continue in his role as CFO. $APO PR link.

Meredith Corp(PBR839) Executive Chairman Steve Lacey to retire on 03/31/19, will continue to serve as Chairman of the Board in a non-executive capacity. $MDP PR link.

The US Dept of Labor says the US Preliminary December 2018 Producer Price Index Total Final Demand was at -0.2%, November 2018was at +0.1%, October 2018 +0.6%, December 2017 +0.0%; Last 12 Months Final Demandwas +2.5%. USDOL PR link.

The Federal Reserve Bank of New York says the Empire State January 2019 Current Manufacturing General Business Conditionsare at 3.9, December 2018 was at 11.5, November 2018 21.4, January 2018 18.6. “Business activity grew slightly in New York State … lowest reading since mid-2017 …” NYFed PR link.

***Monday, January 14:

***Day 24 of the US Federal Government partial shutdown.

Comcast(PBR32 $CMCSA)’s NBCUniversalunit to launch a streaming service in 2020, will be a free, ad-supported product to anyone that subscribes to a pay-TV service. $12/mo for non-pay TV subscribers, 3-5 minutes of ads/hour, expects to make $5 per month per subscriber from advertising revenues. CNBC PR link.

Micron Technology(PBR93) exercising its right to purchase Intel’s interest in the parties’ joint venture, IM Flash Technologies, for around $1.5 billion, to occur in next 6-12 months. $MU PR link.

Abbott(PBR100) gets US FDA approval for the Amplatzer Piccolo™ Occluder, the world’s first medical device that can be implanted in the tiniest babies (weighing as little as two pounds) using a minimally invasive procedure to treat patent ductus arteriosus, a congenital heart defect. $ABT PR link.

Starbucks(PBR112) opens 20,000 sf Starbucks Dewata Coffee Sanctuary in Bali, Indonesia, experiential themed, largest Starbucks facility in SE Asia. $SBUX PR link.

Marriott Intl(PBR119) expanding its experiential hotel brand Moxy Hotels in the Southeastern US with the recent opening of Moxy Chattanooga Downtown and the anticipated openings of Moxy Atlanta Midtown, Moxy Memphis Downtown, Moxy Nashville Vanderbilt at Hillsboro Village, Moxy Nashville Downtown and Moxy Louisville. $MAR PR link.

PG&E(PBR163) provides 15-day advance notice that it and its wholly owned subsidiary Pacific Gas and Electric Company currently intend to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about 01/29/19, does not expect any impact to electric or natural gas service for its customers, committed to assisting the communities affected by wildfires in N California. $PCG PR link.

Newmont Mining(PBR374) to purchase all shares of global gold producer Goldcorp(NYSE: GC) for $12/share, $10 billion equity value, to be called Newmont Goldcorp, to close 2Q19. $NEM PR link.

SAIC(PBR541) completes $40.44/share, $2.5 billion all stock acquisition of systems engineering and integration services primarily for the US government provider Engility Holdings(NYSE: EGL). $SAIC PR link.

Gannett(PBR691) gets unsolicited $12/share cash, around $1.4 billion, offer to be acquired by MNG Enterprises, Board reviewing offer. $GCI PR link.

Par Pacific(PBR801) completes $358 million plus net working capital acquisition of privately held Tacoma, WA, based downstream business with a 42,000 bpd refinery, a marine terminal, a unit train-capable rail loading terminal, and 2.9 MMbbls of refined product and crude oil storage US Oil & Refining Co. $PARR PR link.

Pier 1 Imports(PBR905) gets NYSE notification that stack has traded under $1.00 for 30 consecutive days, has 6 months to remedy, considering possible reverse stock split. $PIR PR link.

PG&E(PBR163) CEO Geisha Williams steps down, EVP/General Counsel John Simon named interim CEO, search for new CEO starts. $PCG PR link.

FreddieMac(PBR37) EVP Ricardo A. Anzaldua has been appointed EVP/General Counsel and Corporate Secretary, succeeds retiring William H. McDavid. $FMCC PR link.

Halliburton(PBR141) promotes Mark Richard to be President/Western Hemisphere, to succeed Jim Brown, effective 02/01/19. $HAL PR link.

JCPenney(PBR231) EVP/Private Brands and Supply Chain Mike Robbins named EVP/Chief Stores and Supply Chain Officer, hires Truett Horne as Chief Transformation Officer, provides update on search for 5 executives. $JCP PR link.

Steel Dynamics(PBR301) hires Miquel Alvarez as SVP/Southwest U.S. and Mexico, Glenn Pushis to become SVP/Special Projects, Christopher Graham to be SVP/Long Products Steel Group, James Anderson to become SVP/Steel Fabrication and President/New Millennium Building Systems, all effective 02/01/19. $STLD PR link.

Patterson Cos(PBR478) hires Eric Shirley as President/Dental unit effective 02/04/19. $PDCO PR link.

Perrigo(PBR510) hires James Dillard as EVP/Chief Scientific Officer. $PRGO PR link.

A.O. Smith(PBR706) promotes Charles T. Lauber to CFO, effective 05/01/19, to succeed retiring John Kita. $AOS PR link.

Louisiana-Pacific Corp(PBR748) hires Alan Haughie as EVP/CFO, succeeds interim CFO Mike Kinney who returns to being Treasurer & Investor Relations Director. $LPX PR link.

TrueCar’s ALG forecasts US 2019 New Light Vehicle Sales at 17,049,661 units, -1.3% from 2018, Average Transaction Price of $34,096, +2.0% from 2018, Incentive Spending/Unit at $3,857, +3.1% from 2018. TrueCar PR link.

***Friday, January 11:

The PBRMarketTools US Stock Exchanges Recap for the week ending 01/11/19:

DJIA ends the week at 23,995.95, +2.40% from last Friday, +2.87% MTD/QTD/YTD, -10.56% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 6,971.48, +3.45% from last Friday, +5.07% MTD/QTD/YTD, -14.04% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,596.26, +2.54% from last Friday, +3.57% MTD/QTD/YTD, -11.41% from record 2,930.75 set 09/20/18.

US Stock Exchanges Recap: The Stock Market Bull took Monday through Thursday, then gave The Stock Market Bear some time on Friday. The Stock Market Bull easily wins 3-0 in Week 2 of 2019.

The Week 2 YTD tally is:
The Stock Market Bull: 2 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 0 weeks

The Week 2 News Summary: The US Federal Government shutdown reaches day 21, a new record, as the impasse continues between President Trump’s demand for $5.7 billionthat includes funds for building a wall along the Southern US border and the Democrats, who now control the House, who think it should be a separate negotiation after the shutdown is stopped. The members of the Federal Reserveseem to be moderating their stance on more federal funds interest rate hikes. US/China trade negotiations are reported as being productive and moving forward. Limited economic datacontinues to show a good economy. Corporate updates and earnings reports are mixed, retailers especially struggled with in-store revenues, with most being down.

AT&T(PBR10 $T), T-Mobile(PBR68 $TMUS), and Verizon(PBR17 $VZ) to cease the sale of real-time location sharing to third parties amid growing pressure from federal lawmakers. Business Insider PR link.

Certain Alphabet(PBR21 $GOOG) board members and directors receive lawsuit by non-employee shareholder on behalf of investors and the company for breaching their fiduciary duty in an alleged multi-year scheme to cover up sexual harassment and discrimination. MarketWatch PR link.

Citigroup(PBR31) and activist investor ValueAct Capital enter into Information Sharing and Engagement Agreement, enables ValueAct to have access to confidential information about the company and engage with members of Citi’s management team and Board of Directors on areas such as strategy, governance and operational planning matters. $C PR link.

Carlisle Cos(PBR576) completes $197 million cash acquisition of Elk Grove Village, IL-based manufacturer and distributor of architectural metal roof panels, steel and aluminum flat sheets and coils, wall panels, perimeter roof edge systems and related accessories for commercial, residential, institutional, industrial and agricultural markets Petersen Aluminum Corporation. $CSL PR link.

Chico’s FAS(PBR827) to rebalance the mix between its physical store presence with its digital network and to close at least 250 stores in the US over a 3 year period. $CHS PR link.

Ferrellgas(PBR862) receives NYSE notice of non-compliance with stock price average below $1.00 for 30 days, company plans to remedy, current price is $1.25/share. $FGP PR link.

Hovnanian(PBR872) receives NYSE notice of non-compliance that its stock price closed and averaged less than $1.00 over past 30 days, has 6 months to remedy, plans to ask stockholders for reverse stock split at annual meeting on 03/19/19. $HOV PR link.

General Dynamics(PBR89) SVP/Planning and Development Robert W. Helm will assume the role of special advisor to the CEO. VP/Strategic Initiatives Thomas W. Kirchmaier will become SVP/Planning, Communications and Trade Compliance, both effective 04/01/19; Elizabeth “Betsy” L. Schmid continues as VP/Government Relations. $GD PR link.

Coty(PBR305) hires Pierre-André Terisse as CFO, CEO Pierre Laubies will assume leadership for the formulation and implementation of the strategic vision for the Consumer Beauty division, will be supported by Gianni Pieraccioni who joins Coty as COO of Consumer Beauty, Luc Volatier hired as Chief Global Supply Officer, Chief Corporate Affairs Officer Esra Erkal-Paler to leave for another opportunity, function to be absorbed within Coty. $COTY PR link.

The US Dept of Labor says US Preliminary December 2018 Current Average Earnings/Hour(Table A-1) were at $27.48, Average Hours Worked/Week at 34.5, for Total Average Weekly Earnings at $948.06, +0.7% from November 2018, +3.2% from December 2017. USDOL PR link.

The US Dept of Labor says the US December 2018 Consumer Price Index-Urban(Table A) is at -0.1%, November 2018 was at +0.0%, October 2018 +0.3%, December 2017 +0.2%, Last 12 Months(Unadjusted) +1.9%. USDOL PR link.

The US Dept of Treasury US December 2018 Monthly Treasury Report report scheduled for today is not available because of the US Federal Government partial shutdown.

***Thursday, January 10:

The December 2018 Snapshot 15 Summary:
The PBR1000 Top 5 by Market Capitalization(Rank, Company, PBR Ranking by Revenues, Stock Symbol, Market Capitalization in billions):

1. Microsoft(PBR22 $MSFT), $771B
2. Apple(PBR2 $AAPL), $741B
3. Amazon(PBR8 $AMZN), $723B
4. Alphabet(PBR21 $GOOG), $721B
5. Berkshire Hathaway(PBR4 $BRK.B), $500B

Range: $771 billion to $0.01 billion
The PBR1000 Total: $23.636 trillion, -9.75% from 11/30/18, -8.62% from 12/29/17, +8.65% from 12/30/16
Average: $23.636 billion
Median: $6.81 billion

To get all 15 Snapshots and 27 rankings on The PBR1000 go to the Subscribe page.

Amazon(PBR8)’s IMDb subsidiary launches Freedive – a free streaming video channel featuring hit Movies and TV
shows. $AMZN PR link.

Ford(PBR11 $F) unveils major Europeanrestructuring, expected to include thousands of job cuts, plant closures and the scrapping of low-profit models. MarketWatch PR link.

Valero Energy(PBR29) completes $42.25/share, $950 million cash acquisition ofValero Energy Partners LP (NYSE: VLP). $VLO PR link.

Boeing(PBR30) gets Brazil government approval to acquire 80% stake for $4.2 billion in joint venture with Brazil based Embraer(B3: EMBR3, NYSE: ERJ), to close by 12/31/19. $BA PR link.

Oracle(PBR73) expands partnership with the San Francisco Giants baseball team, gets naming rights to the stadium, AT&T Park now named Oracle Park. $ORCL PR link.

Kohl’s(PBR151) to close 4 four lower performing stores in 2019, open 4 smaller format stores, will keep stores count at 1,158, to consolidate Customer Service and Operations centers from 3 to 2, offer voluntary retirement program to hourly associates age 55+ with at least 15 full years of service. $KSS PR link.

Sears(PBR168 $SHLDQ) Chairman Eddie Lampert and his ESL Holdings hedge funds and affiliates make new offer for to acquire Sears. MarketWatch PR link.

BlackRock(PBR233 $BLK) to lay off 500 employees globally amid market volatility.Institutional Investor PR link.

Tesla(PBR248)‘s Founder/CEO Elon Musk tweets that the lower priced 75 kWh version of the Model S & X must be ordered by Sunday night. $TSLA PR link.

Tenneco(PBR309) completes $160 million acquisition of Sweden based premium suspension systems and components for the automotive and motorsport industries developer Öhlins Racing AB, closing precedes the planned separation of Tenneco into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an Aftermarket and Ride Performance company and a Powertrain Technology company, to be completed in 2H19. $TEN PR link.

PVH(PBR320)’s Calvin Klein wholly owned subsidiary relaunching the CALVIN KLEIN 205W39NYC business under a new name, design approach and creative direction, closing its 654 Madison Avenue store in spring 2019, adopting a digital first approach, to streamline its N America operations. $PVH PR link.

Activision Blizzard(PBR389) turns over full publishing rights and responsibilities for the Destiny franchise to Bungie Inc, will no longer be reporting financials on the unit. $ATVI PR link.

Host Hotels(PBR485) completes $302 million sale of Westin New York Grand Central hotel. $HST PR link.

KLA-Tencor(PBR580) changing its name to KLA Corporation, is rebranding and adopting the tagline Keep Looking Ahead™, to indicate KLA’s optimistic view of technology’s impact on the world. $KLAC PR link.

American Eagle Outfitters(PBR605) has launched new interactive fitting room experience in several flagship stores around the US, including Boston, Las Vegas and San Francisco. $AEO PR link.

G-III Apparel(PBR731) repurchases 723,000 shares at an average price of $28.09/share, 4.28 million shares remaining under its authorized share repurchase program. $GIII PR link.

SemGroup(PBR866) to own 51% and KKR(PBR673) to own 49% of the new Canadian company, SemCAMS Midstream ULC; SemGroup’s contribution of SemCAMS’ shares and assets to SemCAMS Midstream valued at $860 million. $SEMG PR link.

QEP Resources(PBR932) completes $735 million sale of its natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the NW Louisiana Haynesville/Cotton Valley area to an Aethon Energy affiliate. $QEP PR link.

PepsiCo(PBR43) CEO Ramon Laguarta elected to also be Chairman, effective 02/01/19, when former CEO Indra K. Nooyi retires as Chairman. $PEP PR link.

Target(PBR38) CFO Cathy Smith to retire upon naming of new CFO, Chief HR Officer Stephanie Lundquist named President/Food & Beverage, SVP/HR Melissa Kremer promoted to Chief HR Officer, SVP/Communications Katie Boylan named Chief Communications Officer, Chief Information Officer Mike McNamara to also lead Enterprise Data Analytics and Business Intelligence team, Chief Marketing Officer Rick Gomez named Chief Marketing and Digital Officer. $TGT PR link.

Cummins(PBR143) CFO Pat Ward retiring on 03/31/19 after nearly 31 years with the company, Mark Smith to be successor. $CMI PR link.

Cooper-Standard(PBR627) EVP/COO Keith Stephenson to retire on 04/02/19, Patrick Clark appointed SVP/Chief Global Engineering and Product Strategy Officer, Christopher E. Couch to be SVP/Chief Innovation Officer, Hans O. Helmrich to be SVP/Chief Global Manufacturing Officer. $CPS PR link.

Domino’s Pizza(PBR731) hires Stu Levy as EVP/Supply Chain, effective 01/21/19. $DPZ PR link.

The US Dept of Commerce/Census US Preliminary November 2018 Monthly Wholesale Trade report scheduled for today is not available because of the US Federal Government partial shutdown.

***Wednesday, January 9:

December 2018 Snapshot 13 Summary: The PBR1000 Top 5 Stock Performers since 12/30/16(24 months) (Rank, Company, PBR Ranking by Revenues, Stock Symbol, 12/31/18 Stock Price, % Increase from 12/30/16):

1. Square(PBR845 $SQ), $56.09, +312%
2. RH(PBR803 $RH), $119.82, +290%
3. Crocs(PBR1000 $CROX), $25.98, +279%
4. Weight Watchers(PBR974 $WTW), $38.55, +237%
5. BlueLinx(PBR896 $BXC), $24.71, +231%

Range: +312% to -98%
Number of Companies at 0% or Better:455/993
Average: +7.03%
Median: -2.79%
DJIA: +18.04%
NASDAQ: +23.26%
SPX: +11.97%

Tomorrow: The PBR1000 December 2018 Top 5 Stocks by Market Capitalization.

Ford(PBR11) introduces its all-new 2020 Explorer – a complete redesign of America’s all-time best-selling SUV – that now features the broadest model lineup ever, more power and space, and smart new technologies to help tackle life’s adventures. $F PR link.

Kraft Heinz(PBR104) Kraft Natural Cheesenow made from milk without the artificial growth hormone rbST. $KHC PR link.

AMD(PBR489) unveils AMD Radeon™ VII, the world’s first 7nm gaming graphics card, designed for gamers, creators and enthusiasts who demand ultra-high quality visuals, uncompromising performance and immersive gaming experiences, expected to be available 02/07/19, for $699. $AMD PR link.

Sprouts(PBR528) to open 9 new stores in 2Q19, part of 30 new stores planned for 2019. $SFM PR link.

Penn Natl Gaming(PBR689) authorizes new $200 million share repurchase program, expires 12/31/20. $PENN PR link.

Square(PBR845) launches the Square In-App Payments Software Development Kit (SDK), enabling developers and sellers to process payments with Square within their consumer-facing mobile apps for the first time. $SQ PR link.

Systemax(PBR980) President/CEO Larry Reinhold steps down from management roles as planned, remains on Board, Board member Barry Litwin becomes CEO. $SYX PR link.

Wells Fargo(PBR27) hires Saul Van Beurden as its head of Technology, effective in 04/19. $WFC PR link.

Activision Blizzard(PBR389) Call of Duty® GM Rob Kostich Named President of Activision; King CFO and Chief Strategy Officer Humam Sakhnini named President of King Digital Entertainment; and company CFO Dennis Durkin adds role of President of Emerging Businesses, J. Allen Brack continues as President of Blizzard Entertainment. $ATVI PR link.

Adtalem Education(PBR983) SVP/General Counsel Stephen Beard promoted to COO and General Counsel. $ATGE PR link.

The Federal Open Market Committee releases minutes from the December 18-19 meeting. “The information received … indicated that labor market conditions continued to strengthen in recent months and that real GDP growth was strong. Consumer price inflation, as measured by the 12-month percentage change in the price index for personal consumption expenditures (PCE), was 2 percent in October. Survey-based measures of longer-run inflation expectations were little changed on balance.” FOMC PR link.

***Tuesday, January 8:

The December 2018 Snapshot 12 Summary: The PBR1000 Top 5 YTD(12 months) Stock Performers (Rank, Company, PBR Ranking by Revenues, Stock Symbol, 12/31/18 Stock Price, % Increase from 12/29/17):

1. BlueLinx(PBR896 BXC), $24.71, +153%
2. Crocs(PBR1000 $CROX), $25.98, +106%
3. Fossil(PBR738 $FOSL), $15.73, +102%
4. AMD(PBR489 $AMD), $18.46, +80%
5. Herbalife(PBR544, $HLF), $58.95, +74%
Range: +153% to -93%
Number of Companies at 0% or Better:276/1,000
Average: -10.55%
Median: -15.38%
DJIA: -5.63%
NASDAQ: -3.88%
SPX: -6.24%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/30/16(24 months).

Tesla(PBR248) new Board member Larry Ellison, Executive Chairman, Chief Tech Officer, and Founder Oracle(PBR74), discloses ownership of 3 million shares of Tesla common stock. $TSLA PR link.

AES Corp(PBR272) and Hawaii’s Kaua’i Island Utility Cooperative (KIUC) inaugurates the Lāwa’i Solar and Energy Storage Project, the largest operational solar and storage system in the world, consists of a 28 MW solar photovoltaic (PV) and a 100 MWh five-hour duration energy storage system. $AES PR link.

Avon Products(PBR469) to sell all shares of Avon’s Beauty manufacturing operation in Guangzhou, China, to Asia’s LG Household & Health Care Ltd subsidiary TheFaceShop, for net proceeds of $44 million, will also enter into a manufacturing and supply agreement. $AVP PR link.

Mattel(PBR515) and Warner Bros. Pictures Group to partner to bring the Barbie franchiseto theaters in its first ever live-action feature film, starring Academy Award-nominated actress Margot Robbie as Barbie, first production of Mattel Films. $MAT PR link.

Rollins(PBR928) to acquire Clark Pest Control of Stockton located in Lodi, CA, 26 locations in California, 8th largest pest control company in the US, terms not disclosed. $ROL PR link.

MetLife(PBR46) President/US Business & EMEA Michel A. Khalaf to become President/CEO on 05/01/19, will succeed retiring Steven A. Kandarian, who is also Chairman, and will be succeeded by Glenn Hubbard as Non-Executive Chairman. $MET PR link.

United Rentals(PBR407) President/COO Matthew Flannery to become President/CEO, CEO Michael Kneeland to become Non-Executive Chairman, to succeed Chairman Jenne Britell, effective at annual meeting on 05/08/19. $URI PR link.

Herbalife(PBR547) Executive Chairman Michael Johnson reassumes CEO role on interim basis with resignation of Richard Goudis, expects new CEO to appointed from current senior leadership team. $HLF PR link.

PG&E(PBR163)‘s utility subsidiary VP/Electric Distribution Operations Michael Lewis elected SVP/Electric Operations, succeeds retiring Patrick Hogan. $PCG PR link.

MGM Resorts(PBR267) hires former Nevada Governor Brian Sandoval as President/Global Gaming Development. $MGM PR link.

Autoliv(PBR276) CFO Mats Backman to accept a similar position for another company, will remain up to 07/08/19, VP Corporate Control Christian Hanke appointed interim CFO as search for new CFO starts. $ALV PR link.

SunPower(PBR891) hires Jeff Waters as CEO of the SunPower Technologies business unit, announces that EVP/Operations Bill Mulligan will transition out of his role over the course of 2019. $SPWR PR link.

La-Z-Boy(PBR940) hires Stephen Krull as VP/General Counsel and Corporate Secretary, succeeds Rand Tucker who is retiring after 19 years with the company. $LZB PR link.

The US Dept of Labor says US Preliminary November 2018 Total Private Job Openingswere at 6,266,000, Total Government Job Openings 622,000, Total Job Openings6,888,000, -3.4% from October 2018, +16.1% from November 2017. See link for Hires and Separations data. USDOL PR link.

The US Federal Reserve says US Preliminary November 2018 Total Consumer Revolving Debt was at $1.042 trillion, Non-Revolving Debt$2.937 trillion, Total Consumer Debt $3.979 trillion, +0.6% from October 2018, +3.4% YTD, +4.1% from November 2017. USFed PR link.

CoreLogic says the US October 2018 30 Days Or More Mortgages Delinquencies Rate was at 4.1%, October 2017 was at 5.1%, October 2018 Number of Houses in Foreclosure was at 0.5%, October 2017 was at 0.6%. “… overall delinquency rates are at or new historic lows.” CoreLogic PR link.

The Fannie Mae(PBR20) US December 2018 Home Purchase Sentiment Index is 83.5, November 2018 was 86.2, October 2018 85.7, December 2017 85.8. “The decrease can be attributed primarily to a 12-percentage point decrease in the net share of Americans who said it is a good time to buy a home.” $FNMA PR link.

The Purdue U/CME Group US December 2018 Ag Economy Barometer Composite Index(100=Unchanged) is at 127, November 2018 was at 134, October 2018 136, December 2017 126. “Ag producer sentiment weakened modestly in December …” Purdue U/CME Group PR link.

The US International Trade report from the US Dept of Commerce/Census scheduled for today is not available because of the US Federal Government partial shutdown.

***Monday, January 7:

The December 2018 Snapshot 11 Summary: The PBR1000 Top 5 Month Stock Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 12/31/18 Stock Price, % Increase from 11/30/18):

1. Rent-A-Center, PBR754, $RCII, $16.19, +10%
2. Newmont Mining, PBR374, $NEM, $34.65, +7%
3. Broadcom, PBR138, $AVGO, $254.28, +7%
4. Genesco, PBR720, $GCO, $44.30, +6%
5. Magellan Health, PBR464, MGLN, $56.89, +4%

Range: +10% to -78%
Number of Companies at 0% or Better:44/1,000
Average: -9.38%
Median: -11.03%
DJIA: -8.66%
NASDAQ: 9.48%
SPX: -9.18%

Tomorrow: The PBR1000 Top 5 Stock Performers YTD.

Kroger(PBR18) and Microsoft(PBR22) to partner to develop and market a Retail as a Service(RaaS), will pilot in Monroe, OH, and Redmond, WA, includes a shelving system that uses digital displays, instead of traditional paper tags, to indicate everything from prices and promotions to nutritional and dietary information. $KR PR link.

DXC Technology(PBR113) to acquire Zug, Switzerland based $911 million in revenues over past 4 quarters 13,000 employees global technology services and consulting partner Luxoft Holding(NYSE: LXFT) for $59.00/share, $2 billion cash, to close by 06/30/19. $DXC PR link.

Eli Lilly(PBR120) to acquire biopharmaceutical developer and commercializer of highly selective medicines for patients with genomically defined cancers Loxo Oncology(NASDAQ: LOXO) for $235.00/share, $8.0 billion cash, to close in 1Q19. $LLY PR link.

Nucor(PBR146) to invest $1.35 billion in new state-of-the-art steel plate mill in the US Midwest, to be in production in 2022, capable of producing 1.2 million tons per year of steel plate products, to create around 400 full-time jobs. $NUE PR link.

PPG(PBR195) to acquire Klingenberg, Germany based global automotive coatings manufacturer with 450 employees Hemmelrath, terms not disclosed. $PPG PR link.

MasterCard(PBR233) dropping its name from its iconic brand mark in select contexts, the interlocking red and yellow circles, referred to as the Mastercard Symbol, will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital worlds. $MA PR link.

Tesla(PBR248) CEO Elon Musk tweets about breaking ground at Shanghai, China, for its first non-US gigafactory, to finish initial construction in the summer, be in production for Model 3/Y vehicles by year end for the China market. $TSLA PR link.

NVIDIA(PBR295) announces GeForce® RTX 2060, a Turing architecture GPU, used in digital gaming systems, features a major upgrade of the core streaming multiprocessor to more efficiently handle the compute-heavy workloads of modern games, retails for $349. $NVDA PR link.

YUM!(PBR461)’s Pizza Hut subsidiary expanding beer delivery to nearly 300 restaurants ahead of Super Bowl LIII, to grow beer delivery capabilities to 1,000 restaurants across new markets by Summer 2019. $YUM PR link.

Pentair(PBR511) to acquire water conditioners, water filters, drinking-water purifiers, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry provider Aquion for $160 million cash, to close in 1Q19. $PNR PR link.

Pentair(PBR511) to acquire residential whole home water treatment systems provider Pelican Water Systems for $120 million cash, to close in 1Q19. $PNR PR link.

Mattel(PBR515) announces worldwide licensing agreement with BTS (acronym for Bangtan Sonyeondan or “Beyond the Scene”), the seven-member South Korean boy band, will create dolls, collectible figures, games, and more. $MAT PR link.

Brink’s(PBR665) completes $130 million acquisition of Brazil based $78 million/year cash-in-transit, money processing and ATM services provider Rodoban. $BCO PR link.

ResMed(PBR817) completes $225 million acquisition of private Madison, WI, based digital therapeutics for people living with chronic obstructive pulmonary disease (COPD) and asthma provider Propeller Health. $RMD PR link.

QEP Resources(PBR931) reviewing preliminary proposal from activist investor Elliott Management to be acquired for $8.75/share, $2.1 billion cash. $QEP PR link.

AutoNation(PBR130) restructures from three regions to two, promotes Jim Bender to EVP/Sales, EVP/COO Lance Iserman and EVP/Chief Technology Officer Tom Conophy are leaving, EVP/Franchise Network, Merger & Acquisitions, and Corporate Real Estate Donna Parlapiano has retired, EVP/Chief Human Resource Officer Dennis Berger to leave effective 01/31/19. $AN PR link.

Union Pacific(PBR134) hires Jim Vena as COO. $UNP PR link.

CBRE(PBR203) CFO/Chief Investment Officer Jim Groch to transition to be full-time Global Group President and Chief Investment Officer, CFO search starts. $CBRE PR link.

CBS(PBR214) promotes Susan Zirinsky to President/Sr Executive Producer of the CBS News unit, to be effective in 03/19. $CBS PR link.

Ameren(PBR439) SVP/General Counsel & Secretary Gregory L. Nelson to retire 08/01/19, after over 23 years of service. $RMD PR link.

Gannett(PBR691) promotes Kevin Gentzel to President/USA TODAY NETWORK Marketing Solutions, replaces leaving Sharon Rowlands, Chief Product Officer Kris Barton gets expanded role and now reports to President/CEO. $GCI PR link.

Hain Celestial(PBR799) hires Chris Boever as Chief Customer Officer and Robert Gulliver as Chief Human Resources Officer. $HAIN PR link.

Meredith Corp(PBR839) hires Catherine Levene as Chief Strategy Officer. $MDP PR link.

Vitamin Shoppe(PBR995) hires Andrew Laudato as EVP/Chief Technology Officer. $VSI PR link.

The Institute for Supply Management says the US December 2018 Non-Manufacturing Index(>50% Economy growing) is at 57.6%, November 2018 was at 60.7%, October 201860.3%, December 2017 56.0%. “This represents continued growth in the non-manufacturing sector, at a slower rate… Respondents are mostly optimistic about overall business conditions.” ISM PR link.

The US Manufacturer’s Shipments, Orders, and Inventories report from the US Dept of Commerce/Census scheduled for today is not available because of the US Federal Government partial shutdown.

***Friday, January 4:

The PBRMarketTools US Stock Exchanges Recap for the week ending 01/04/19:

DJIA ends the week at 23,433.16, +1.61% from last Friday, +0.45% MTD/QTD/YTD, -12.66% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 6,738.86, +2.34% from last Friday, +1.56% MTD/QTD/YTD, -16.90% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,531.94, +1.86% from last Friday, +1.00% MTD/QTD/YTD, -13.61% from record 2,930.75 set 09/20/18.

US Stock Exchanges Recap: The Stock Market Bull took Monday convincingly, Tuesday was closed for the New Year observance, then quietly took Wednesday. The Stock Market Bear rushed in with a big win on Thursday. But on Friday The Stock Market Bull returned to the pasture and aggressively chased The Stock Market Bear away to win Week 1 of 2019 with a 3-0 victory.

The Week 1 YTD tally is:
The Stock Market Bull: 1 week
The Stock Market Bear: 0 weeks
Mixed Results: 0 weeks

The Week 1 News Summary: President Trumpremained insistent that the US Federal Government partial shutdown will continue until he receives a funding bill that includes $5 billion for wall building along the Southern US border with Mexico. The House, now controlled by the Democrats, are at the same time insistent that no wall building will be funded. Federal Reserve Chairman Powell took a rather dovish stance about further federal funds rate increases, partially influenced by the general view of economists that there will be a global economic slowdown in 2019, partly confirmed by Apple’s revised guidance that forecasts a significant drop in revenue primarily from China. Limited data is coming out because of the shutdown, but the US Dept of Labor December 2018 Total Non-Farm Payroll Employment was made available and significantly exceeded expectations. US/China trade tensions moderated as new meetings are scheduled for next week.

Ford(PBR11) issues recall for around 953,000 vehicles in 4th round for defective Takata inflators, says not aware of any injuries associated with the passenger side frontal inflators included in this safety recall. $F PR link.

Lowe’s(PBR40) to hire more than 65,000 associates this year to improve customer service and product availability, includes 50,000+ seasonal positions, nearly 10,000 permanent positions for Merchandising Service Team, 6,000 full-time assistant store managers and department supervisors, 2,000+ technology positions. $LOW PR link.

Kraft Heinz(PBR105) completes $200 million acquisition of $50 million in sales in 2018 Primal Nutrition, LLC, makers of Primal Kitchen branded products, including Mayonnaise, Salad Dressings and Avocado Oil, with growing product lines in Healthy Snacks and other categories. $KHC PR link.

Marriott Intl(PBR120) updates its 11/30/18 press release regarding the Starwood database security incident, numbers affected lowered, Starwood system now shut down. $MAR PR link.

Rite Aid(PBR132) gets non-compliance letterfrom the NYSE, stock price has been below $1.00 over last 30 trading days, has 6 months to come into compliance, intends to cure the share price non-compliance, is considering a reverse stock split. $RAD PR link.

Diebold Nixdorf(PBR530) appoints interim CFO Jeffrey Rutherford to permanent CFO, hires Julian Sparkes as SVP/Chief Digital Officer, and Hermann Wimmer SVP/Global Retail. $DBD PR link.

The US Dept of Labor says US Preliminary December 2018 Total Non-Farm Payroll Employment was at 156,945,000, +142,000 from November 2018, +2,880,000 from December 2017, December 2018 Unemployedwas at 6,295,000, +277,000 from November 2018, -276,000 from December 2017, December 2018 Unemployment Rate is 3.9%, November 2018 was 3.7%, December 20174.1%. USDOL PR link.

The IHS Markit US December 2018 Composite Output Index is at 54.4, November 2018 was 54.7, October 54.9, December 2017 54.1. IHS Markit PR link.

The New Family Home Sales report from the US Dept of Commerce/HUD scheduled for today is not available because of the US Federal Government partial shutdown.

***Thursday, January 3:

General Motors(PBR12 $GM) Cruise Automation unit and DoorDash in partnership to test the first food deliveries using autonomous vehicles in San Francisco, CA, starting in 03/19. DoorDash PR link.

Alphabet(PBR21$GOOG)‘s life science tech unit Verily raises $1 billion from investors. Reuters PR link.

Mr Cooper(NASDAQ: COOP) to acquire servicing rights underlying $24 billion in GSE mortgages, enter into a subservicing contract for an additional $24 billion in mortgages, and purchase the Seterus mortgage servicing platform and assume certain related assets from IBM(PBR34 $IBM). $COOP PR link.

Bristol-Myers Squibb(PBR139) to acquire global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases Celgene(PBR220) in cash and stock transaction with an equity value of approximately $74 billion, $102.43/share, to close in 3Q19. $BMY PR link.

Essendant(PBR507) $12.80/share, $996 million cash, includes net debt, acquisition by Staplestender offer extended to 01/09/19, 70.2% of shares have been tendered. $ESND PR link.

Caesars Entertainment(PBR518) selected by the National Football League as the first ever official casino sponsor in a multi-year agreement, for the Casino category only and does not include sports betting, daily fantasy or hotels/resorts. $CZR PR link.

KKR(PBR675) to invest $1 billion in longterm partnership with Altavair AirFinance to create a global portfolio of leased commercial aircraft, includes KKR acquiring a 50% interest in Altavair. $KKR PR link.

Southwest Airlines(PBR136) pioneer, a maverick, and an innovator Founder/Chairman Emeritus Herbert D. Kelleher passes away at age 87. $LUV PR link.

Owens Corning(PBR425) President/COO Brian D. Chambers elected to become CEO, effective 04/18/19, to succeed Chairman/CEO Mike Thaman who will become Executive Chairman. $OC PR link.

General Motors(PBR12) appoints Mark Reuss as President, effective immediately. $GM PR link.

SYNNEX(PBR165) hires Michael Urban as President/Worldwide Technology Solutions Distribution, to be effective in 02/19. $SNX PR link.

Concho Resources(PBR777) Will Giraud is now EVP/COO, President/CFO Jack Harper remains President, Brenda Schroer becomes SVP/CFO, other executive appointments announced. $CXO PR link.

Square(PBR840) hires Amrita Ahuja as CFO, effective by 01/31/19. $SQ PR link.

Bio-Rad(PBR853) EVP/CFO Christine A. Tsingos to retire effective 04/30/19, search for new CFO starts. $BIO PR link.

AAR Corp(PBR913) hires Sean Gillen as VP/CFO, succeeds Michael Milligan. $AIR PR link.

ADP(PBR217) says US Preliminary December 2018 Nonfarm Private Sector Employmentincreased by 271,000, 89,000 from small businesses(1-49 employees), 129,000 from mid sized businesses(50-499 employees), and 54,000 from large businesses(500 or more employees); 47,000 jobs were from Goods Producing Sector, 224,000 jobs from Service Providing Sector. “Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift
the job market…” $ADP PR link.

The Institute for Supply Management says the US December 2018 Manufacturing PMI Index(>50% is expanding) is at 54.1%, November 2018 was at 59.3%, October 201857.7%, December 2017 59.3%. “Comments from the panel reflect continued expanding business strength, but at much lower levels.” ISM PR link.

Automotive News reports that US December 2018 Light Vehicle Sales were at 1,542,930, +2.9% from December 2017, Average Transaction Price was $37,577, +1.3% from December 2017, Seasonally Adjusted Annual Sales Rate is 17,300,000 vehicles. “Despite recent market turbulence, the data we have in hand suggests an economy that remains on solid footing heading into the new year,” Ford Chief Economist Emily Kolinski Morris. Automotive News PR link.

The Construction Spending report from the US Dept of Commerce scheduled for today is not available because of the US Federal Government partial shutdown.

***Wednesday, January 2:

Apple(PBR2) CEO Tim Cook letter to investors revises 1Q19 projections down to $84 billion in sales, cites production issues and lower iPhonesales in China. $AAPL PR link.

AT&T(PBR10) completes $1.1 billion sale to transfer data center colocation operations and assets to Brookfield Infrastructure in new strategic alliance, will become an active sales channel for the business, be the anchor tenant of the colocation operations. $T PR link.

Southern Co(PBR119) completes $6.475 billion, includes debt, sale of its Florida assets Gulf Power Company, Florida City Gas and the entities holding Southern Power’s interests in Plant Oleander and Plant Stanton to NextEra Energy(PBR162). $SO PR link.

Dominion Energy(PBR228) completes $14.6 billion, includes $6.7 billion debt, merger of SCANA(PBR547), Dominion Energy forms Southeast Energy Group to include SCANA operations, names SVP/Chief Information Officer P. Rodney Blevins as its President/CEO, other executives named. $D PR link.

Tesla(PBR249) delivers 90,700 vehicles in 4Q18, includes 63,150 Model 3’s, 13,500 Model S’s, and 14,050 Model X’s, delivered 245,240 vehicles in 2018, reduces prices of Model 3, Model S and Model X vehicles sold in the US by $2,000 to help offset reduction in electric vehicle federal credit. $TSLA PR link.

Sempra Energy(PBR260) subsidiary to sell its non-utility US natural gas storage facilities to an affiliate of ArcLight Capital Partners for $332 million cash. $SRE PR link.

Celanese(PBR444) acquires Next Polymers Ltd., one of India’s largest engineering thermoplastics (ETP) compounders, terms not disclosed. $CE PR link.

Chipotle(PBR536) launches Lifestyle Bowls, includes a Paleo Salad Bowl, Keto Salad Bowl, Whole30® Salad Bowl and Double Protein Bowl. $CMG PR link.

WellTower(PBR560) to acquire a Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties for $1.25 billion, to close 1H19. $WELL PR link.

Iron Mountain(PBR598) acquires Philippinesbased 8 locations 1,000 clients records and data management services, along with document management and secure destruction provider Lane Archive Technologies Limited, terms not disclosed. $IRM PR link.

The Andersons(PBR614) completes $324 million cash and stock acquisition of 67.5% equity that it did not already own of mover of physical commodities including grains, feed ingredients, energy products, and freight within N America and internationally affiliate Lansing Trade Group. $ANDE PR link.

PolyOne(PBR680) acquires Fiber-Line, a global leader in customized engineered fibers and composite materials, for $120 million. $POL PR link.

Penn Natl Gaming(PBR689) completes $115 million acquisition of operations of Margaritaville Resort Casino in Bossier City, LA. $PENN PR link.

Spectrum Brands(PBR691) completes $1.25 billion sale of its Global Auto Care business to Energizer Holdings(NYSE: ENR). $SPB PR link.

Columbia Sportswear(PBR788) completes buyout of the remaining 40% interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with a subsidiary of Swire Pacific Limited (SEHK:00019) (SEHK:00087). $COLM PR link.

TEGNA(PBR884) completes $105 million acquisition of local stations WTOL, the CBS affiliate in Toledo, OH, and KWES, the NBC affiliate in Odessa-Midland, TX, from Gray Television. $TGNA PR link.

Allscripts(PBR900) nets around $525 million after taxes for sale of its interests in behavioral health, human services and post-acute care technologies provider Netsmart Technologies. $MDRX PR link.

Synovus Financial(PBR949) completes $2.9 billion all stock acquisition of FCB Financial Holdings, Inc. (NYSE: FCB), owner of Florida Community Bank (FCB), Florida’s largest community bank. $SNV PR link.

Halliburton(PBR141) President/CEO Jeff Miller adds Chairman role after retirement of Executive Chairman Dave Lesar. $HAL PR link.

Nordstrom(PBR179) says Co-President Blake Nordstrom has unexpectedly passed away, Pete and Eric Nordstrom to continue leadership as Co-Presidents. $JWN PR link.

Netflix(PBR250) hires Spencer Neumann as CFO, succeeds David Wells. $NFLX PR link.

Activision Blizzard(PBR389) Chief Corporate Officer and former CFO Dennis Durkin reappointed CFO following termination of Spencer Neumann for cause. $ATVI PR link.

Beacon Roofing(PBR553) promotes Chief Commercial Officer C. Eric Swank to COO. $BECN PR link.

Camping World(PBR563) CFO Thomas Wolfe appointed President/Good Sam unit, hires Melvin Flanigan to be CFO, makes other management changes in reorganization. $CWH PR link.

Red Robin(PBR965) hires Lynn Schweinfurth as EVP/CFO, effective 01/28/19, succeeds Guy Constant who will become EVP/COO. $RRGB PR link.

The IHS Markit US December 2018 Manufacturing PMI Index is at 53.8, November 2018 was 55.3, October 2018 55.7, December 2017 55.1. “… suggested a weaker, but still strong, improvement in operating conditions across the goods producing sector.” IHS Markit PR link.

New Family Home Sales and US Net International Investment Position reports scheduled for today are not available because of the US Federal Government partial shutdown.

***Tuesday, January 1:

***Happy New Year!
***US Stock Exchanges Closed.***

***Monday, December 31:

The PBRMarketTools US Stock Exchanges Recap for the Month and Year Ending 12/31/18:

DJIA ends the month and year at 23,327.46, +1.15% from last Friday, -8.66% MTD, -11.83% QTD, -5.63% YTD, -13.05% from record 26,743.50 set 09/21/18.

NASDAQ ends the month and year at 6,635.28, +0.77% from last Friday, -9.48% MTD, -17.54% QTD, -3.88% YTD, -18.18% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,506.85, +0.85% from last Friday, -9.18% MTD, -13.97% QTD, -6.24% YTD, -14.46% from record 2,930.75 set 09/20/18.

The Stock Market Bull was standing tall at the end of November, ahead of The Stock Market Bear in weekly, monthly, and year-to-date victories and looking forward to a nice December bump. But The Stock Market Bearcharged into the month viciously clawing and gnashing away at the exchanges. At the end of the month the results were devastating with all exchanges finishing down for the year and in correction territory compared to record highs achieved just a few months before. The Stock Market Bear easily wins December 3-0 in dominating style and takes the year 2018 as well.

The Month 12 YTD tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 4 months
Mixed Results: 2 months

The Year 2018: The Stock Market Bear wins the year in a ruthless and dramatic come from behind in December.

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

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Filed Under: Recaps Tagged With: acquisitions, Business, Business Intelligence, business news, Economy, Investing, Leadership, mergers, Personal Finance, Rankings, Stock Market, Stocks, The PBR1000, Wealth Management

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Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

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The April 2019 US Major Stock Market Exchanges Summary

The PBR1000 April 2019 Snapshots

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 15 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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The March 2019 US Major Stock Market Exchanges Summary

The PBR1000 March 2019 Snapshots

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 15 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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The February 2019 US Major Stock Market Exchanges Summary

The PBR1000 February 2019 Snapshots

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 14 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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The January 2019 US Major Stock Market Exchanges Summary

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Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 13 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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