June 2016: 1st Half & Brexit Surprise
What Are The Implications of Brexit?
By Larry C. Paxton
June 2016 ended the 1st half of the year with a lot of drama in the closing days.
On June 23rd the British voters quite unexpectedly elected to leave the European Union, and the word “Brexit” became a recognized worldwide term. Initially stocks plummeted on the uncertainty of what this would mean for the UK, Europe, the US, and the world. After a couple of days of significant losses a recovery started after most investors realized that there would be a smooth transition in the UK leadership, that Brexit would take a while to accomplish, and even though the economics are uncertain, there was no need to panic.
In terms of US stock exchanges most days in the month fluctuated between -0.50% to +0.50% from the previous day. NASDAQ had 10 of 22 trading days in that range, overall had 11 up days and 11 down days and was the most affected by Brexit, with 2 days having a loss of more than 2.00%, and then 2 days with a gain of over 1.50%. NASDAQ was the only loser for the month.
As you can see from the tables below The PBR1000 companies in The Top 5 Tables are spread across a wide variety of industries, a good sign.
At this time it appears that the Federal Reserve will not increase funds rates for some time due to the uncertainties of the markets worldwide and modest at best growth of the US economy.
Now the 2nd half of 2016 starts, it’s anybody’s guess about how it will unfold, and opinions are all over the place. We look forward to yours!
If you are not a current Subscriber to the highly acclaimed The PBR1000 Snapshots just click here to get your 13 month subscription and automatically download the June 2016 edition.
The following partial tables are excerpts from The PBR1000 June Snapshots. The stock price is for the close of trading on June 30th, Month % Chg is compared to May 31st, YTD % Chg is compared to December 31, 2015, and the 18 Months % Chg is compared to December 31, 2014.
Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers
Table 1 Summary: The range was +92.50% to -40.00%. 469 out of 1,009 stock prices were up 0.00% or more, or 46.48% of the companies tracked. The median was a loss of 0.67%.
| Company | PBR Rank |
Symbol | Price 06/30/16 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Aeropostale |
931 | ARO | 0.08 | +92.50 | -72.50 | -96.68 |
| iHeartMedia |
377 | IHRT | 0.92 | +41.30 | +44.44 | -82.31 |
| Axiall |
599 | AXLL | 32.61 | +40.02 | +111.75 | -23.22 |
| LinkedIn |
655 | LNKD | 189.25 | +38.64 | -15.92 | -17.61 |
| Peabody Energy |
415 | BTUUQ | 1.37 | +35.64 | -82.16 | -98.82 |
Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers
Table 2 Summary: The range was +258.86% to -97.25%. 618 out of 1,009 stock prices were up 0.00% or more, or 61.25% of the companies tracked. The median was a gain of 5.62%.
| Company | PBR Rank |
Symbol | Price 06/30/16 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Cliffs Natural Resources |
842 | CLF | 4.28 | +32.48 | +258.86 | -20.59 |
| Quad/Graphics |
478 | QUAD | 19.21 | +21.24 | +150.43 | +1.44 |
| Newmont Mining |
320 | NEM | 32.41 | +20.70 | +117.45 | +106.98 |
| Axiall |
599 | AXLL | 23.29 | +40.02 | +111.75 | -23.22 |
| US Steel |
228 | X | 14.47 | +16.52 | +111.28 | -36.95 |
Table 3(S13): The PBR1000 Top 5 18 Months Stock Price % Gainers
Table 3 Summary: Range was +134.46% to -99.28%. 441 out of 1,002 stock prices were up 0.00% or more, or 44.01% of the companies tracked. The median was a loss of 4.17%.
| Company | PBR Rank |
Symbol | Price 06/30/15 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| NVIDIA |
454 | NVDA | 47.01 | +0.62 | +42.63 | +134.46 |
| Amazon |
18 | AMZN | 715.62 | -0.99 | +5.88 | +130.58 |
| Insperity |
722 | NSP | 77.23 | +7.31 | +60.39 | +127.88 |
| Newmont Mining | 320 | NEM | 39.12 | +20.70 | +117.45 | +106.98 |
| Skywest | 635 | SKYW | 26.46 | +12.12 | +39.12 | +99.25 |
Table 4(S15): The PBR1000 Top 5 Market Capitalization
Table 4 Summary: Range was $523.64 billion to $0.00 billion. The average is $20.41 billion, median is $6.19 billion, out of 1,007 companies tracked.
| Company | PBR Rank |
Symbol | Market Cap($B) 06/30/16 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Apple |
3 | AAPL | 523.64 | -4.27 | -10.77 | -19.12 |
| Alphabet |
35 | GOOG | 475.16 | -5.93 | -8.96 | +33.06 |
| Microsoft |
25 | MSFT | 402.22 | -3.45 | -9.24 | +5.05 |
| ExxonMobil |
2 | XOM | 388.70 | +5.30 | +19.78 | -0.72 |
| Berkshire Hathaway |
4 | BRK.B | 350.05 | +0.64 | +7.55 | -3.19 |
| The PBR1000 |
20,549.26 | +0.08 | +1.97 | -0.14 |
Table 5: The PBR1000 Index & Selected Stock Exchanges/Commodities
| Company | Price 06/30/16 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|
| The PBR1000 | 69,483.46 | -0.18 | +3.51 | -1.36 |
| DJIA | 17,929.99 | +0.80 | +2.90 | +0.60 |
| NASDAQ | 4,842.67 | -2.13 | -3.29 | +2.25 |
| S&P500 | 2,098.86 | +0.09 | +2.69 | +1.94 |
| Gold | 1,337.80 | +9.88 | +26.18 | +12.90 |
| Silver | 19.32 | +20.83 | +40.00 | +23.85 |
| Oil | 48.45 | -1.32 | +30.80 | -9.05 |
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