The PBR1000 November 2019 Breaking News Recap

The PBR1000 and the US Economy: A Cause and Effect Relationship

PBR1000 Economy

The PBR1000 companies generate over half the US Gross Domestic Product, pay attention to them!

By Larry C. Paxton

The November 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Friday, November 29

The PBRMarketTools US Stock Exchanges Recap for Week 48 and the month of November 2019 ending 11/29/19:

DJIA ends Week 48 and November at  28,051.41, +0.63% from last Friday, +3.72% MTD, +4.22% QTD, +20.25% YTD, -0.40% from record 28,164.00 set 11/27/19.

NASDAQ ends Week 48 and November at 8,665.47, +1.71% from last Friday, +4.50% MTD, +8.33% QTD, +30.60% YTD, -0.46% from record 8,665.47 set 11/27/19.

SPX ends Week 48 and November at 3,140.98, +0.99% from last Friday, +3.40% MTD, +5.52% QTD, +25.30% YTD, -0.40% from record 3,153.63 set 11/27/19.

The Week 48 of 2019 News Summary: At the beginning of the week it seemed the US/China trade negotiations were going quite well, but at the end of the week not so much, in part due to the US House and Senate passing a resolution backing Hong Kong as a democracy, which was then signed by President Trump. The US economy was best summed up by the Federal Reserve’s Beige Book which said the economy is expanding modestly. It was a relatively quiet week for the Impeachment Inquiry because both US houses were on vacation. With Thanksgiving on Thursday and not a lot of controversial news it became another victory for The Stock Market Bull who took both Week 48 and November 3-0 in convincing style. However, The Stock Market Bear did make an appearance on the shortened Black Friday trading day, which brought back some memories of last December’s meltdown. Hopefully last year’s history will not repeat itself this year.

The Week 48 of 2019 tally YTD is:
The Stock Market Bull: 25 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 8 weeks

The Month 11 of 2019 tally YTD is:
The Stock Market Bull: 9 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

Intel(PBR43) provides a letter on why the US District Court, Northern District, judgment against Qualcomm(PBR133) for “licensing practices that have strangled competition in the CDMA and premium LTE modem chip markets for years, and harmed rivals, OEMs and end consumers…” should stand. $INTC PR link.

Tech Data(PBR84) $130 per share with an enterprise value of around $5.4 billion acquisition by Apollo Global Mgmt(PBR995) amended to $145 per share with an enterprise value of around $6 billion, to close in 1H20. $TECD PR link.

***Thursday, November 28

***US Thanksgiving Day Holiday.
***US Stock Exchanges Closed.

***Wednesday, November 27

Best Buy(PBR71 $BBY)‘s health offerings now serving 1 million seniors, with a goal of 5 million in fiscal 2025. MarketWatch PR link.

The US Dept of Commerce/BEA says the US 3Q19 2nd Estimate Real Annual Gross Domestic Product is at 2.1%, $21.542 trillion, +1.0% from 2Q19, +3.8% from 3Q18. USDOC PR link.

The US Federal Reserve System releases the Beige Book for data collected through 11/18/19, says, “Economic activity expanded modestly from October through mid-November, similar to the pace of growth seen over the prior reporting period….” USFed PR link.

The US Dept of Labor says the US 4 Week Moving Average Initial Unemployment Insurance Claims for the Week Ending 11/23/19 is at 219,750, +2.3% from 10/26/19, -2.1% from 11/24/18; the US 4 Week Moving Average Total Insured Unemployment for the Week Ending 11/16/19 is at 1,680,500, -0.3% from 10/19/19, +0.4% from 11/17/18. USDOL PR link.

The US Dept of Commerce/BEA says the US Preliminary October 2019 Total Personal Income Annual Rate is at $18.794 trillion, +0.0% from September 2019, +5.8% from October 2018; Total Personal Income Taxes Annual Rate is at $2.202 trillion, an 11.7% Effective Tax RatePersonal Savings Rate is at 7.8%. USDOC PR link.

The US Energy Information Administration says that US Crude Oil Stocks on 11/22/19 were at 452.0 million barrels, +3.0% from 10/25/19, +0.3% from 11/23/18. EIA PR link.

FreddieMac(PBR40) says the US Average 30 Year Fixed Rate Mortgage on 11/27/19 was at 3.68% with 0.5 points/fees, 10/31/19 was at 3.78%, 09/26/19 3.64%, 11/29/18 4.81%. $FMCC PR link.

MNI says the Chicago November 2019 Business Barometer is at 46.3, October 2019 was at 43.2, September 2019 47.1, November 2018 66.4. MNI/ISM PR link.

***Tuesday, November 26

The PBR1000 Spotlight on MasterCard!

Mission Statement: “Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart.”

Ticker: NYSE: MA
Stock Price(10/31/19): $276.81
Stock Price(11/25/19):$287.61
Current The PBR1000 Rankings:
209 By Revenues: $15.0 billion
15 By Market Capitalization: $276.4 billion(10/31/19)
80 By Total Yield: 25.3%
249 By Assets: $24.9 billion
463 By Employees: 14,800
16 By Analyst Estimates: Buy, 4.69/5.00, 35 Estimates
Average Target Stock Price(11/25/19): $312.88

To get the complete profile for MasterCard and for all 1,000 of The PBR1000 click here!

Jacobs Engineering(PBR206) opens its new European flagship office in London at the Cottons Centre, to hire approximately 2,400 staff in the UK over the next two years. $JEC PR link.

Xerox(PBR310) sends letter to HP Inc(PBR55), starts with “Your refusal to engage in mutual due diligence with Xerox defies logic.” and concludes with “We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity.” $XRX PR link.

The US Dept of Commerce/HUD says the US Preliminary October 2019 New Family Home Sales Annual Rate is at 733,000, -0.7% from September 2019, +31.6% from October 2018, Median Home Price is at $316,700, +2.1% from September 2019, -3.5% from October 2018, Homes Available are at 322,000, +0.3% from September 2019, -3.3% from October 2018. USDOC PR link.

The S&P CoreLogic Case-Shiller US September 2019 National Home Price Index(01/2000=100) is at 212.20, August 2019 was at 211.95, July 2019 211.59, September 2018 205.59. Case-Shiller PR link.

The Conference Board says the US Preliminary November 2019 Consumer Confidence Index(1985=100) is at 125.5, October 2019 was at 126.1, September 2019 126.3, November 2018 136.4. “Confidence Levels Still Remain High, and Should Support Solid Holiday Spending.” TCB PR link.

The US Federal Reserve Bank of Richmond says the US 5th District November 2019 Manufacturing Composite Index(Annualized) is at -1%, October 2019 was at +8%, September 2019 -9%, November 2018 +10%. “Survey respondents were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the US 5th District November 2019 Service Sector Revenue Index(Annualized) is at +15%, October 2019 was at +24%, September 2019 +6%, November 2018 +7%. “… firms were … optimistic that conditions would continue to improve in the near future.” RichmondFed PR link.

***Monday, November 25

HP Inc(PBR55) again rejects unsolicited proposal from Xerox(PBR310), says it significantly undervalues HP, is highly conditional and uncertain, there continues to be uncertainty regarding Xerox’s ability to raise the cash portion of the proposed consideration. $HPQ PR link.

AIG(PBR65) is selling a majority interest in reinsurance and run-off management solutions to the global insurance industry provider Fortitude Re to The Carlyle Group(PBR827) and T&D Holdings for around $1.8 billion, to close mid 2020. $AIG PR link.

Tesla(PBR141) CEO Elon Musk tweets that 200,000 Cybertrucks have been pre-ordered. $TSLA PR link.

McDonald’s(PBR147) settles California labor dispute started in 2013, agrees to pay $26 million, denies any wrongdoing as part of the settlement. $MCD PR link.

Jacobs Engineering(PBR206) to change ticker from JEC to NYSE: J on 12/10/19, will be changing name to Jacobs Solutions Inc to better reflect its new strategy and identity. $JEC PR link.

Viacom(PBR242) and CBS(PBR213) to complete merger after market close on 12/04/19, will be renamed ViacomCBS Inc, to begin trading on 12/05/19 as NASDAQ: VIACA and VIAC$VIA PR link.

Uber(PBR273 $UBER) has lost its licence to operate in Britain’s capital city after the regulator Transport for London discovered more than 14,000 journeys had been taken with uninsured drivers, plans to appeal, will be able to operate during legal proceedings. MarketWatch PR link.

eBay(PBR286) to sell its StubHub unit to worldwide ticket marketplace for live sport, music and entertainment events viagogo for $4.05 billion cash, to close by end of 1Q20. $EBAY PR link.

Charles Schwab(PBR304) to acquire TD Ameritrade(PBR500) in an all-stock transaction valued at approximately $26 billion, combined firm is expected to serve 24 million client accounts with more than $5 trillion in client assets, to close in 2H20, TD Ameritrade suspends CEO search and names EVP/CFO Steve Boyle as interim President/CEO. $SCHW PR link.

Newmont Goldcorp(PBR402) to sell the Red Lake complex in Ontario, Canada, to Evolution Mining for $375 million in cash and up to an additional $100 million tied to new resource discoveries, to close in 1Q20. $NEM PR link.

Tiffany(PBR572) agrees to be acquired by LVMH Moet Hennessy – Louis Vuitton for revised bid of $135/share, $16.2 billion cash, to close in mid 2020. $TIF PR link.

Palo Alto Networks(PBR751) to acquire machine identity-based microsegmentation company Aporeto for around $150 million cash. $PANW PR link.

Wabash Natl(PBR856) Chairman Dr. Martin C. Jischke to retire at 2020 annual shareholders meeting, director Larry J. Magee expected to be successor. $WNC PR link.

The US Federal Reserve Bank of Chicago says the US Preliminary October 2019 National Activity Index is at -0.71, September 2019 was at -0.45, August 2019 +0.23, October 2018 +0.02. ChiFed PR link.

***Friday, November 22

The PBRMarketTools US Stock Exchanges Recap for Week 47 of 2019 ending 11/22/19:

DJIA ends Week 47 at a 27,875.62, -0.46% from last Friday, +3.07% MTD, +3.56% QTD, +19.50% YTD, -0.57% from record 28,036.22 set 11/18/19.

NASDAQ ends Week 47 at 8,519.88, -0.25% from last Friday, +2.74% MTD, +6.51% QTD, +28.40% YTD, -0.59% from record 8,570.66 set 11/19/19.

SPX ends Week 47 at 3,110.29, -0.33% from last Friday, +2.39% MTD, +4.49% QTD, +24.07% YTD, -0.38% from record 3,110.29 set 11/18/19.

The Week 47 of 2019 News Summary: There were mixed signals about the progress of the US/China trade negotiations during the week, even about a partial deal. Hong Kong protests and reactions by its and the Chinese government continue to escalate. US economic data was generally positive but cautiously guarded, as the global economy continues to show a steadily but slightly declining path, as expressed by the Federal Open Market Committee minutes from its last meeting. US politics was the most prominent news of the week as the US House hammered away at witnesses during the public Impeachment Inquiry over a possible attempted quid pro quo, or bribery, or extortion by President Trump for funding of the Ukraine military defense in exchange for an investigation into former Vice President and current US Presidential candidate Joe Biden and his son Hunter. But it appears that the primary impact on the US stock exchanges were the US/China trade news and US/global economics. Compared to past weeks it was not a volatile week with both The Stock Market Bull and The Stock Market Bear looking at each other rather than fighting. But in the end The Stock Market Bear narrowly edged out a 3-0 victory for Week 47.

The Week 47 of 2019 tally YTD is:
The Stock Market Bull: 24 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 8 weeks

Amazon(PBR5 $AMZN) files suit with US Court of Federal Claims, is challenging Pentagon’s $10 billion JEDI cloud contract to Microsoft(PBR19)MarketWatch PR link.

Boeing(PBR28) debuts its 737 MAX 10, largest variant of the MAX family, can seat up to 230 passengers and offers the lowest seat-mile cost of any single-aisle airplane ever produced, has 550+ orders from 20+ customers. $BA PR link.

Tesla(PBR141) introduces the Cybertruck, designed to have the utility of a truck and the performance of a sports car, starts at $39,900, to be available by late 2021, $100 deposit. $TSLA PR link.

YUM!(PBR483) authorizes new up to $2 billion share repurchase program, to expire on 06/30/21. $YUM PR link.

AECOM(PBR155) Chairman/CEO Michael S. Burke to retire upon appointment of successor by 2020 annual meeting, to appoint 3 new members to the Board per agreement with activist investor Starboard Value. $ACM PR link.

Kimberly-Clark(PBR167) elects CEO Michael D. Hsu to additional role of Chairman, effective 01/01/20, Chairman Thomas J Falk retiring after 16 years in the role. $KMB PR link.

The U of Michigan US Final November 2019 Consumer Sentiment Index is at 96.8, October 2019 was at 95.5, September 2019 93.2, November 2018 97.5.”… the current period is distinctive for the much sharper partisan divisions in the economic expectations among consumers as well as the wide gap in optimism between consumers and business firms. One side anticipates a recession, while the other side expects an uninterrupted expansion in the year ahead.” UMichigan PR link.

***Thursday, November 21

Chubb Corp(PBR99) authorizes an up to $1.5 billion share repurchase program, expires 12/31/20. $CB PR link.

Medtronic(PBR101) gets US FDA approval of the IN.PACT™ AV drug-coated balloon (DCB), a paclitaxel-coated balloon indicated for the treatment of failing arteriovenous (AV) access in patients with end-stage renal disease (ESRD) undergoing dialysis. $MDT PR link.

Amgen(PBR124) completes $13.4 billion acquisition of Celgene(PBR203)‘s severe plaque psoriasis treatment Otezla$AMGN PR link.

Xerox(PBR310) sends letter to HP Inc(PBR55) expressing surprise that its $22.00/share offer was considered undervalued, plans to proceed with an attempt to acquire HP. $XRX PR link.

Domino’s Pizza(PBR670) opens its first first store in the Czech Republic in the city of Brno. $DPZ PR link.

Hillenbrand(PBR930) completes $2 billion cash and stock acquisition of Milacron Holdings(NYSE: MCRN), which manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry, as well as fluid technologies and processing systems. $HI PR link.

Franklin Resources(PBR453) Chairman/CEO Gregory Johnson to step down from CEO role at annual meeting on 02/11/20, will become Executive Chairman, President/COO Jennifer M. Johnson to become President/CEO. $BEN PR link.

The Federal Reserve Bank of Philadelphia says the US 3rd District November 2019 Manufacturing General Activity Indicator was at +10.4, October 2019 +5.6, September 2019 +12.0, November 2018 +11.9. PhillyFed PR link.

The Conference Board says the US Preliminary October 2019 Leading Economic Index(2016=100) is at 111.7, September 2019 was at 111.8, August 2019 112.0, October 2018 111.3. TCB PR link.

The Natl Assn of Realtors says the US October 2019 Existing Home Sales Annual Rate is at 5,460,000, +1.9% from September 2019, +4.6% from October 2018, Existing Inventory is at 1,770,000, -2.7% from September 2019, -4.3% from October 2018, Median Price was at $270,900, -0.4% from September 2019, +6.2% from October 2018. NAR PR link.

***Wednesday, November 20

Apple(PBR3) breaks ground on its new 133-acre campus in Austin, TX, which will initially house 5,000 employees; at a production facility nearby it is preparing to ship the all-new Mac Pro to customers starting in 12/19. $AAPL PR link.

Eli Lilly(PBR117) to invest $400 million in its manufacturing facilities at its Lilly Technology Center campus in Indianapolis, IN, will create around 100 new highly skilled jobs. $LLY PR link.

Bristol-Myers Squibb(PBR133) completes $74 billion acquisition of Celgene(PBR203), which is now a wholly owned subsidiary. $BMY PR link.

Bristol-Myers Squibb(PBR133) says the Phase 3 study evaluating Opdivo (nivolumab) plus Yervoy (ipilimumab) versus Opdivo alone for the adjuvant treatment of patients who have had a complete surgical removal of stage IIIb/c/d or stage IV (no evidence of disease) melanoma did not achieve co-primary endpoint, study will continue for other endpoints. $BMY PR link.

PayPal(PBR202) to acquire Los Angeles, CA based 17 million monthly active users Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards, for around $4 billion. $PYPL PR link.

Avery Dennison(PBR411) to acquire Amsterdam, Netherlands based around 900 employees Smartrac’s Transponder (RFID Inlay) Division, for the purchase price of around $252 million. $AVY PR link.

Carlisle Cos(PBR567) completes acquisition of 1,000+ employees San Diego, CA based Providien LLC, a provider of manufacturing solutions for global medical device OEMs, including thermoforming, medical device contract manufacturing, precision machining & metals, and medical injection molding, terms not disclosed. $CSL PR link.

Hologic(PBR699) to sell its 825 employees Cynosure medical aesthetics business to Clayton, Dubilier & Rice for $205 million cash, to close by 12/31/19. $HOLX PR link.

CrossAmerica Partners(PBR825) says Couche-Tard(TSX:ATD.A ATD.B) has sold all of its ownership interest in CrossAmerica to investment vehicles controlled by Joe Topper, the founder of CrossAmerica. $CAPL PR link.

Universal Corp(PBR863) to acquire Yakima Valley, WA based 200 employees FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets, terms not disclosed, to close by 12/31/19. $UVV PR link.

Deluxe Corp(PBR890) to assume all retail and wholesale remittance processing for Synchrony(PBR169)$DLX PR link.

The US Federal Open Market Committee releases minutes from its 10/30/19 meeting. “… most participants judged that the stance of policy, after a 25 basis point reduction at this meeting, would be well calibrated to support the outlook of moderate growth, a strong labor market, and inflation near the Committee’s symmetric 2 percent objective and likely would remain so as long as incoming information about the economy did not result in a material reassessment of the economic outlook.” FOMC PR link.

***Tuesday, November 19

Kroger(PBR21) announces first-of-its-kind US partnership with Europe based hydroponic developer Infarm, will initially grow produce directly in some QFC brand stores in Bellevue and Kirkland, WA. $KR PR link.

Macy’s(PBR115 $M) sending letters to customers about a recent data breach, actions taken. MarketWatch PR link.

BB&T(PBR241) and SunTrust Banks(PBR296) get regulatory approvals from the US Federal Reserve System and the US Federal Deposit Insurance Corporation for merger of equals and become Truist Financial Corporation, to be completed by 12/06/19. $BBT PR link.

Gannett(PBR745) $1.35 billion cash/stock acquisition by New Media Investment Group(NYSE: NEWM) is completed, new company is called Gannett Co, Inc, ticker NYSE: GCI, Michael Reed will remain Chairman/CEO of the combined company and Paul Bascobert will serve as CEO of the operating subsidiary, Gannett Media Corp. $GCI PR link.

CIT Group(PBR852) gets US Office of the Comptroller of the Currency regulatory approval to acquire $6.8 billion in deposits, $4.5 billion of which are HOA deposits from more than 31,000 community associations nationwide, Mutual of Omaha Bank, for $1 billion cash and stock, to close in 1Q20. $CIT PR link.

The US Dept of Commerce/HUD says the US Preliminary October 2019 Private Housing Building Permits Issued Annual Rate is at 1.461 million, +5.0% from September 2019, +14.1% from October 2018. USDOC PR link.

***Monday, November 18

Amazon(PBR5) plans second fulfillment center in Mississippi, to be in DeSoto County in N Mississippi, over 1 million sf, will create 500 new full-time jobs starting at $15/hour. $AMZN PR link.

AT&T(PBR9) sells its 42% minority stake in Game Show Network to 58% stake holder Sony Pictures Entertainment for $500 million. $T PR link.

Ford(PBR12) announces the all-electric Mustang Mach-E, will be available in several variations, launching in late 2020, $500 refundable reservation deposit available now. $F PR link.

HP Inc(PBR55) Board unanimously rejects unsolicited proposal from Xerox(PBR310), says it significantly undervalues HP and is not in the best interests of HP shareholders, but open to more discussions about a possible combination. $HPQ PR link.

Thermo-Fisher Scientific(PBR119) to become a member of the S&P100 on 11/21/19, to replace being acquired Celgene(PBR205)SPIndices PR link.

HollyFrontier(PBR171) authorizes new $1 billion share repurchase program, replaces existing programs which had $281 million remaining. $HFC PR link.

Estee Lauder(PBR211) to acquire the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing, has an enterprise value of around $1.7 billion. $EL PR link.

Coty(PBR340) to pay $600 million for 51% ownership in long-term partnership with Kylie Jenner to develop her Kylie Cosmetics, Kylie Skin, and other products, to close in 3Q20. $COTY PR link.

Blackstone(PBR423) completes $4.25 billion cash acquisition of real estate of Bellagio, is leasing it back to a subsidiary of MGM Resorts(PBR257) to operate the property for initial annual rent of $245 million, MGM Resorts will receive a 5% equity interest. $BX PR link.

Jefferies Financial(PBR634) to sell its remaining 31% interest in National Beef to Marfrig Global Foods for $970 million cash, to close by 11/30/19. $JEF PR link.

ServiceNow(PBR800 $NOW) to become a member of the S&P500 on 11/21/19, to replace being acquired Celgene(PBR205)SPIndices PR link.

Cooper Cos(PBR812) gets US FDA approval for its MiSight® 1 day contact lens1, indicated to slow the progression of myopia (nearsightedness or short-sightedness) when initially prescribed for children 8-12 years old. $COO PR link.

Lyft(PBR873 $LYFT) gets strategic partnership with Gett which is closing down its Juno ridesharing operations in New York City, turning accounts over to Lyft. TechCrunch PR link.

T-Mobile US(PBR70) President/COO Mike Sievert to become President/CEO on 05/01/20, will succeed John Legere whose contract expires 04/30/20, Legere will remain on the Board. $TMUS PR link.

Viacom(PBR242)‘s President/CEO Bob Bakish to become President/CEO of ViacomCBS, other ViacomCBS executives announced, merger to be completed in early 12/19. $VIA PR link.

ServiceNow(PBR800) announces Bill McDermott is now President/CEO, succeeds John Donahue who is leaving for another CEO position but remains on the Board. $NOW PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary November 2019 Housing Market Index(>50=more builders view conditions as good than poor) is at 70, October 2019 was at 71, September 2019 68, November 2018 60. “Single-family builders are currently reporting ongoing positive conditions, spurred in part by low mortgage rates and continued job growth, …” NAHB PR link.

***Friday, November 15

The PBRMarketTools US Stock Exchanges Recap for Week 46 of 2019 ending 11/15/19:

DJIA ends Week 46 at a record 28,004.89, +1.17% from last Friday, +3.54% MTD, +4.04% QTD, +20.05% YTD, +0.00% from record 28,004.89 set 11/15/19.

NASDAQ ends Week 46 at a record 8,540.83, +0.77% from last Friday, +3.00% MTD, +6.77% QTD, +28.72% YTD, +0.00% from record 8,540.83 set 11/15/19.

SPX ends Week 46 at a record 3,120.46, +0.89% from last Friday, +2.73% MTD, +4.83% QTD, +24.48% YTD, +0.00% from record 3,120.46 set 11/15/19.

The Week 46 of 2019 News Summary: Early in the week news about the US/China trade negotiations was mixed, but by the end of the week it appeared that at least a Phase 1 deal is close, and China lifted its ban on US poultry. Protests seem to be escalating in Hong Kong and it is difficult to foresee how this will play out. The US economic results were mostly slightly down, but even then the economy appears to be in good shape, growing at a modest/moderate rate, with Fed Chairman Powell and other economists saying rate cuts are probably on hold for now. The big news of the week came from the start of the public testimonies for the Impeachment Inquiry by committees of the US House of Representatives with responses by both sides saying either President Trump clearly had a quid pro quo when asking the Ukraine leader to do an investigation into Joe and Hunter Biden business dealings, or there clearly was no such intent. The US stock exchanges seemed to care only about the US/China trade negotiations and took it as very positive. The Stock Market Bull, for the fourth week in a row, solidly trounced The Stock Market Bear 3-0 with all 3 major US exchanges closing Week 46 at record highs again, and all with at least a 20% gain year-to-date.

The Week 46 of 2019 tally YTD is:
The Stock Market Bull: 24 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 8 weeks

Amazon(PBR5 $AMZN) to protest award of $10 billion Pentagon JEDI cloud-computing contract to Microsoft(PBR19)MarketWatch PR link.

Ford(PBR12) gets new collective bargaining agreement with the United Auto Workers(UAW), includes $6 billion in investment in Ford’s U.S. manufacturing facilities and creates or secures 8,500 US hourly jobs during the four-year contract. $F PR link.

Walt Disney(PBR54) announces over 10 million signups for its Disney+ streaming service since its launch on 11/12/19. $DIS PR link.

Bristol-Myers Squibb(PBR133) gets US Federal Trade Commission approval for its $74 billion acquisition of Celgene(PBR203) which has sold its global rights to OTEZLA® (apremilast) to Amgen(PBR123) for $13.4 billion cash per agreement with the FTC, to close on 11/20/19. $BMY PR link.

Masco(PBR359) to sell its Masco Cabinetry unit to ACProducts, a manufacturer of cabinetry products owned by American Industrial Partners, for $1.0 billion, to close in 1Q20. $MAS PR link.

Noble Energy(PBR527) to increase its ownership in Noble Midstream Partners LP (NYSE: NBLX), sells essentially all of its remaining US onshore midstream interests and assets to NBLX and eliminates its Incentive Distribution Rights for $1.6 billion. $NBL PR link.

HollyFrontier(PBR171) President/CEO/Director George Damiris to retire from all positions on 12/31/19, director and former Chairman and CEO Michael Jennings to become President/CEO on 01/01/20. $HFC PR link.

The US Dept of Labor says the US Preliminary October 2019 Import Prices were -0.5%, Export Prices -0.1%, October 2019 Import Prices Last 12 Months were -3.0%, Export Prices -2.2%. USDOL PR link.

The US Federal Reserve says the US Preliminary October 2019 Total Manufacturing Total Industry % of Capacity was at 76.7%, September 2019 77.5%, August 2019 77.9%, October 2018 79.3%, Capacity Growth Over Previous Year is +2.2%. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary September 2019 Sales-Manufacturers was at $501.1 billion, Retail $459.6 billion, Wholesalers $498.6, Total Sales $1.459 trillion, -0.2% from August 2019, +0.5% from September 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance October 2019 Sales-Retail is at $461.2 billion, Food Services & Drinking Places $65.3 billion, Total $526.5 billion, +0.3% from September 2019, +3.1% from October 2018. USDOC PR link.

The Federal Reserve Bank of New York says the Empire State November 2019 Manufacturing General Business Conditions Index is at +2.9, October 2019 was at +4.0, September 2019 +2.0, November 2018 +21.4. “Optimism about the six-month outlook remained subdued, while capital spending plans picked up markedly.” NYFed PR link.

***Thursday, November 14:

The October 2019 Snapshot 13 Summary: The PBR1000 Top 5 Performers Since 12/29/17(22 months)(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 10/31/19 Stock Price, % Increase from 12/29/17):

1. AMD, PBR442, $AMD, $33.93, +230%
2. BlueLinx, PBR755, $BXC, $31.26, +220%
3. Crocs, PBR996, $CROX, $34.99, +177%
4.Chipotle, PBR535, $CMG, $778.16, +169%
5. FTI Consulting, PBR885, $FCN, $108.87, +153%

Range: +230% to -98%
Number of Companies at 0% or Better: 497/991
Average: +8.58%
Median: +0.66%%
DJIA: +9.41%
NASDAQ: +20.12%
SPX: +13.61%

To find out more about The PBR1000 click here!

Amazon(PBR5) to open new 30,000 sf corporate offices facility in Las Vegas, NV, in support of its Human Resources department, will add 125 jobs. $AMZN PR link.

Microsoft(PBR19) Azure selected by Salesforce(PBR238) as its public cloud provider for Salesforce Marketing Cloud. $MSFT PR link.

Kroger(PBR21) and partner Ocado to open its 6th high tech Customer Fulfillment Center, to be located in Pleasant Prairie, WI, 350,000 sf facility, will add around 400 jobs, to open 24 months after breaking ground. $KR PR link.

Dollar Tree(PBR130 $DLTR) is sent warning letter by US FDA for receiving over-the-counter drugs produced by foreign manufacturers found to have serious violations of federal law. USFDA PR link.

Tesla(PBR141 $TSLA)‘s Model 3 and Model S regain a Consumer Reports recommendation because of improved reliability from results of annual survey. Consumer Reports PR link.

Marriott Intl(PBR149) has signed contracts with hotel developers to open two all-inclusive, oceanfront resorts in the Caribbean – an 800-room Marriott Hotel in Jamaica to open in 2022, and a 283-room Autograph Collection on Curaçao to open in 2024. $MAR PR link.

CNO Financial(PBR581) approves an additional $500 million for its share repurchase program, balance now available is around $607 million. $CNO PR link.

The Federal Reserve Bank of New York releases its November 2019 US Economy in a SnapshotNYFed PR link.

The US Dept of Labor says the US Preliminary October 2019 Producer Price Index-Total Final Demand was +0.4%, September 2019 was at -0.3%, August 2019 +0.1%, October 2018 +0.8%, October 2019 Total Final Demand Year-Over-Year is at +1.1%, September 2019 was at +1.4%, August 2019 +1.8%, October 2018 +3.1%. USDOL PR link.

***Wednesday, November 13

The PBR1000 Spotlight on Autodesk!

Products/Services: Software from design professionals, engineers and architects, to digital artists, students and hobbyists.

Ticker: NASDAQ: ADSK, $147.36 on 10/31/19
Current The PBR1000 Rankings:
807 By Revenues: $2.6 billion
194 By Market Capitalization: $32.7 billion(10/31/19)
74 By Total Yield: 27.3%
670 By Assets: $4.7 billion
620 By Employees: 9,000
258 By Analyst Estimates: Overweight, 4.21/5.00, 24 Estimates, Average Target Stock Price $172.27(11/12/19)

To get the complete profile for Autodesk and for all 1,000 of The PBR1000 click here!

Apple(PBR3) unveils an all-new 16-inch MacBook Pro, features a 16-inch Retina Display, the latest 8-core processors, up to 64GB of memory, next-generation graphics with up to 8GB of VRAM and a new advanced thermal design, starts at $2,399. $AAPL PR link.

Nike(PBR80 $NKE) will stop selling its sneakers and apparel directly on Amazon(PBR5)’s website, ending a pilot program that began in 2017. Bloomberg PR link.

Tech Data(PBR84) to be acquired by Apollo Global Mgmt(PBR995) for $130 per share with an enterprise value of around $5.4 billion, to close in 1H20. $TECD PR link.

AbbVie(PBR93) prices $30 billion of senior unsecured notes, proceeds to help fund $63 billion acquisition of Allergan(PBR197)$ABBV PR link.

Weyerhaeuser(PBR392) completes $300 million cash sale of its 555,000 acres of Michigan timberlands to an affiliate of The Lyme Timber Company LP. $WY PR link.

Avon Products(PBR489) shareholders approve around $3.7 billion acquisition by Brazil based Natura &Co (B3: NATU3), to close in early 2020. $AVP PR link.

Abbott(PBR100) Executive Chairman/CEO Miles White to step down as CEO on 03/03/20, has been CEO for 21 years, will remain Executive Chairman, President/COO Robert Ford to become CEO. $ABT PR link.

The US Dept of Treasury says the US October 2019 Federal Government Receipts are at $245.5 billion, Outlays $380.0 billion, Deficit $134.5 billion, October 2018 Deficit was at $100.5 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary October 2019 Current Employee Average Earnings Per Week is at $969.39, September 2019 was at $967.33, August 2019 $966.98, October 2018 $943.58. USDOL PR link.

The US Dept of Labor says the US Preliminary October 2019 Consumer Price Index-Urban is +0.4%, Food +0.2%, Energy +2.7%, All Items Less Food & Energy +0.2%, Last 12 Months(Unadjusted) +1.8%. USDOL PR link.

***Tuesday, November 12

Facebook(PBR57) announces Facebook Pay, will provide a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp. $FB PR link.

Starbucks(PBR116) to open its Reserve Roastery Chicago, its largest US retail location with 5 floors and 35,000 sf, on 11/15/19. $SBUX PR link.

Tesla(PBR141)‘s Elon Musk tweets that the next Giga Factory will be in Berlin, Germany, will build batteries, powertrains & vehicles, starting with Model Y. $TSLA PR link.

PG&E(PBR179) says the Bankruptcy Court-approved deadline for fire claimants to file claims against PG&E has been extended to 12/31/19 at 5:00 pm Pacific Time. $PCG PR link.

DR Horton(PBR192) says for FY19 homes closed increased 10% to 56,975 homes and 9% in value to $16.9 billion. $DHI PR link.

ADP(PBR221) authorizes new $5 billion share repurchase program, replaces 2015 25 million shares authorization. $ADP PR link.

Mylan(PBR273) and Pfizer(PBR59)’s Upjohn division to combine as Viatris, to close around mid-2020. $MYL PR link.

Dean Foods(PBR383) files for voluntary Chapter 11 reorganization, has commitment for $850 million debtor-in-possession(DIP) financing, in advanced discussions with Dairy Farmers of America regarding a potential sale, business continues as usual. $DF PR link.

Insight(PBR411) will combine its two Tempe offices into a state-of-the-art creative 48 acres 295,000 sf global headquarters office space in Chandler, AZ, to open by end of 2020. $NSIT PR link.

Diplomat Pharmacy(PBR495) says in 3Q19 report it has concerns about meeting financial obligations by the end of 2019, intends to actively work with its lenders to renegotiate its covenants or amend its credit agreement. $DPLO PR link.

Chipotle(PBR535) is extending its new menu addition, Carne Asada, into 1Q20, exploring options to add as a permanent menu item in the future. $CMG PR link.

Verso Corp(PBR789) to sell its Androscoggin mill, located in Jay, ME, and its Stevens Point mill, located in Stevens Point, WI, to Pixelle Specialty Solutions for $400 million, to close in 1Q20. $VRS PR link.

Winnebago(PBR887) delivers the first all-electric mobile surgical instrument lab (eMSIL) to University of California at Los Angeles (UCLA) Health Center, expected to save UCLA Health Center close to $750,000 a year. $WGO PR link.

Ferrellgas(PBR945) reaches agreement with TPG Specialty Lending regarding alleged defaults. $FGP PR link.

Tupperware(PBR862) Chairman/CEO Tricia Stitzel steps down after 22 years with the company, Board appoints independent director Christopher D. O’Leary as Interim CEO, Lead Director Susan M. Cameron named Non-Executive Chairman, permanent CEO search starts. $TUP PR link.

CoreLogic says the US August 2019 Home Mortgages 30 Days or More Delinquent was at 3.7%, July 2019 was at 3.8%, June 2019 4.0%, August 2018 3.9%. CoreLogic PR link.

***Monday, November 11

***Federal Holiday: Veterans Day
***Honoring those who have served
***in the US Armed Forces.
***Thank you for your service.

The PBR25 Top Buy Analyst Recommendations Info:

– Average Recommendation: 4.73/5.00
– Avg Recommendations Range: 4.62-4.96/5.0
– Avg Number of Recommendations: 30
– Avg Number of Buy Recommendations: 25
– Range of Buy Recommendations: 15 to 44
– NYSE: 17 companies, NASDAQ: 8
– Avg Return since 12/31/14(58 mos): 156.0%

To get The PBR25 click here!

Welltower(PBR544) to acquire a 29-property Class-A medical office building portfolio from Hammes Partners for $787 million, to close in 4Q19, also has an additional gross investment volume of $885 million across four other separate outpatient medical transactions. $Well PR link.

SunPower(PBR939) to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies, with an equity investment of $298 million to be made in Maxeon Solar by long-time partner Tianjin Zhonghuan Semiconductor Co., Ltd, to close in 2Q20. $SPWR PR link.

WW(PBR960) introduces myWW, its most customized weight-loss program ever, based on the results of a six-month clinical trial of the myWW program conducted at the Medical University of South Carolina’s Weight Management Center$WW PR link.

***Friday, November 8

The PBRMarketTools US Stock Exchanges Recap for Week 45 of 2019 ending 11/08/19:

DJIA ends Week 45 at a record 27,681.24, +1.22% from last Friday, +2.35% MTD, +2.84% QTD, +18.66% YTD, *0.00% from record 27,681.24 set 11/08/19.

NASDAQ ends Week 45 at a record 8,475.31, +1.06% from last Friday, +2.21% MTD, +5.95% QTD, +27.73% YTD, +0.00% from record 8,475.31 set 11/08/19.

SPX ends Week 45 at a record 3,093.08, +0.85% from last Friday, +1.83% MTD, +3.91% QTD, +23.39% YTD, +0.00% from record 3,093.08 set 11/08/19.

The Week 45 of 2019 News Summary: Internationally, the US officially began its withdrawal from the Paris Climate Accord, the process will take a year. Towards the end of the week it was signaled that the US and China were close to an agreement on international trade that would phase out tariffs, which US President Trump denied on Friday. Protests continue in Hong Kong over policies and democracy concerns. Politically the US House has released some transcripts regarding the President Trump Impeachment Inquiry, to mixed reviews. There was not much US economic news, but jobs openings are still over 7 million, international trade showed some impact from tariffs, consumer debt slowed a little, consumer sentiment was generally positive. 3rd quarter corporate earnings continue to be mixed. There was a bump in CEOs leaving, quitting, or being forced out. The US stock exchanges were very active, with The Stock Market Bull easily prevailing 3-0 by the end of Week 45, with The Stock Market Bear showing some very noticeable hoof prints on his fur.

The Week 45 of 2019 tally YTD is:
The Stock Market Bull: 23 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 8 weeks

The PBR1000 Welcomes Elanco Animal Health!

Date Added: 10/21/19
Products/Services: Animal health and food-animal production
Ticker: NYSE: ELAN, $27.02 on 10/31/19
Current The PBR1000 Rankings:
720 By Revenues: $3.1 billion
447 By Market Capitalization: $10.12 billion(10/31/19)
479 By Assets: $9.0 billion
761 By Employees: 5,780
334 By Analyst Estimates: Overweight, 4.09/5.00, 11 estimates, Average Target Price $33.43(11/08/19)

To get the complete profile for Elanco Animal Health and for all 1,000 of The PBR1000 click here!

Thermo-Fisher Scientific(PBR119) authorizes new $2.5 billion share repurchase program, no expiration date, replaces existing program which had $500 million remaining. $TMO PR link.

Celgene(PBR205) and Acceleron Pharma(NASDAQ: XLRN) get US FDA approval for REBLOZYL® (luspatercept-aamt) for the treatment of anemia in adults with beta thalassemia who require regular red blood cell transfusions. $CELG PR link.

Icahn Enterprises(PBR291) sends letter to Occidental Petroleum(PBR159) shareholders saying why OXY’s acquisition of Anadarko(PBR233) is a bad deal, plans to contest. $IEP PR link.

SunTrust Banks(PBR296) agrees to sell 30 branches in North Carolina, Virginia, and Georgia with $2.4 billion in deposits and $410 million in loans to First Horizon National(PBR856), transaction represents required regulatory divestitures in connection with the merger of equals between SunTrust and BB&T(PBR237)$STI PR link.

Xerox(PBR310) completes restructuring of relationship with FUJIFILM, receives $2.3 billion, $1 billion lawsuit FUJIFILM filed against Xerox after last year’s terminated merger is also dismissed. $XRX PR link.

Markel(PBR422) to acquire VSC, with 1,200 employees at 21 locations in 9 states providing comprehensive fire protection, life safety, and low voltage solutions to retailers, commercial campuses, healthcare facilities, and government properties throughout the SE US, to close in 4Q19, terms not disclosed. $MKL PR link.

Blackstone(PBR423) acquires majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo, values the company at approximately $3 billion. http://bit.ly/BXik08$FB PR link.

Moody’s(PBR571) completes its $300 million sale of its global knowledge process outsourcing services provider Moody’s Analytics’ Knowledge Services (MAKS) business to European private equity firm Equistone Partners Europe Limited$MCO PR link.

Winnebago(PBR887) completes $344 million cash and stock acquisition of $661 million in revenues for 12 months ending 06/19 55 dealer locations Newmar, a manufacturer of Class A and Super C motorized recreation vehicles. $WGO PR link.

Wendy’s(PBR953) to do an accelerated $100 million share repurchase program, to acquire 4.05 million common shares from Morgan Stanley(PBR63). http://bit.ly/WENik08$FB PR link.

The US Dept of Commerce/Census says the US Preliminary September 2019 Wholesale Sales-Durables was at $239.2 billion, Non-Durables $259.3 billion, Total $498.5 billion, +0.0% from August 2019, -0.6% from September 2018. USDOC PR link.

The US Preliminary November 2019 U of Michigan Consumer Sentiment Index is at 95.7, October 2019 was at 95.5, September 2019 93.2, November 2018 97.5. “Although consumers have become somewhat more cautious spenders, they see no reason to engage in the type of retrenchment that causes recessions.” UMichigan PR link.

***Thursday, November 7

Some more facts about The PBR25 Top Buy Analyst Recommendations:
– Number of Evaluations: 14,980
– Evaluations Weighted Average: 4.73/5.00
– Total Stock Price on 10/31/19: $5,695.54
– Total Average Target Stock Price: $6,849.09
– Average Stock Price Increase: 20.3%
– Number Paying Dividends: 15
– Total Market Capitalization: $4.8 trillion

Find out more about The PBR25, click here!

Facebook(PBR57) outlines steps it is taking to better identify new threats, close vulnerabilities and reduce the spread of viral misinformation and fake accounts during the US 2020 election season. $FB PR link.

T-Mobile US(PBR70) to make 5G available nationwide on 12/06/19, provide 10 years of free 5G access to first responders, to spend $10 billion for free service to 10 million rural households. $TMUS PR link.

Coca-Cola(PBR95) to launch sparkling water with a little caffeine brand AHA in 03/20. $KO PR link.

Gilead Sciences(PBR134) responds to government complaint alleging infringement of patents granted to the US Dept of Health and Human Services (HHS) for methods of HIV pre-exposure prophylaxis (PrEP) and post-exposure prophylaxis (PEP), says patents are not valid. $GILD PR link.

Nielson Holdings(PBR441) to spin-off the company’s Global Connect business, creating two independent, publicly traded companies—the Global Media business and the Global Connect business, to be completed in 9-12 months. $NLSN PR link.

Under Armour(PBR515) and Dwayne “The Rock” Johnson releases Project Rock x UA Freedom collection that celebrates veterans, helps support the Fisher House Foundation. $UA PR link.

Monster Beverage(PBR630) authorizes an additional up to $500 million share repurchase program, balance available is around $536.6 million. $MNST PR link.

WW(PBR960) announces 3Q19 ends with record 4.4 million subscibers, includes 3.1 million digital subscribers, 1.3 million studio+digital subscribers, to introduce a new program on 11/11/19. $WW PR link.

Gap Inc(PBR182) President/CEO Art Peck to step down from the company after 15 years and from the Board after a brief transition, Non-Executive Chairman Robert J. Fisher will also serve as Interim President/CEO, effective immediately, new CEO search starts. $GPS PR link.

NortonLifeLock(PBR541) EVP/CFO Vincent Pilette appointed CEO, effective 11/08/19. $NLOK PR link.

Teradata(PBR871) President/CEO Oliver Ratzesberger resigns from company and Board per mutual agreement on 11/05/19, Executive Chairman Victor Lund appointed to also be Interim President/CEO, new CEO search starts. $TDC PR link.

W.R. Grace(PBR904) Non-Executive Chairman Fred Festa retires, Lead Independent Director Christopher J. Steffen elected as successor. $GRA PR link.

SeaWorld(PBR972) hires Sergio (Serge) D. Rivera as CEO and member of the Board, effective 11/11/19, interim CEO Marc Swanson returns to CFO role. $SEAS PR link.

The US Federal Reserve says the US Preliminary September 2019 Consumer Debt-Revolving is at $1.077 trillion, Non-Revolving $3.072 trillion, Total Debt $4.149 trillion, +0.2% from August 2019, +2.7% YTD(9 months), +4.9% from September 2018. USFed PR link.

FannieMae(PBR22) says the US October 2019 Home Purchase Sentiment Index is at 88.8, September 2019 was at 91.5, August 2019 93.8, October 2018 85.7. “Consumer home purchase sentiment remains robust, with the HPSI still near its survey high despite dipping for a second consecutive month …” $FNMA PR link.

***Wednesday, November 6

As of 10/31/19 The PBR25 Buy Recommendations companies have averaged a return of +156.0% since 12/31/14(58 months), The DJIA is at +51.8%, NASDAQ +75.1%, S&P500 +47.5%. To find out more about The PBR25 click here.

Amazon(PBR5) to build a $40 million, 350,000 sf new state-of-the-art Amazon Robotics innovation hub and create 200 tech and advanced manufacturing jobs in Westborough, MA, to open in 2021. $AMZN PR link.

Kroger(PBR21) and TrueCar(NASDAQ: TRUE) launch a new auto buying program, offering members price context, and access to upfront, discounted prices on their next vehicle purchase from over 16,500 TrueCar Certified Dealers. TrueCar PR link.

UPS(PBR41) launches nationwide flat rate service called UPS Simple Rate, offers larger size options than what is in the marketplace today and customers do not need to enter package weight and dimensions or look up shipping zones. $UPS PR link.

HP Inc(PBR55) confirms it is in talks with Xerox(PBR310) regarding a possible combination of their companies. $HPQ PR link.

Facebook(PBR57) not responding to subpoenas from California attorney general’s office regarding it privacy practices, investigators seeking a court’s help in getting documents and answers from Facebook. MarketWatch PR link.

VISA(PBR151) to lease a new, 300,000 square foot, 13-story building in the Mission Rock neighborhood of San Francisco, will serve as Visa’s new global headquarters once completed, will also completely redesign its Foster City campus into a state-of-the-art facility, both to be completed in early 2024. $V PR link.

Biogen(PBR235) to make a $100 million upfront payment to Samsung Bioepis, may pay up to $210 million in additional development, regulatory and sales-based milestones, to secure the exclusive rights to commercialize two new ophthalmology biosimilars, SB11 referencing Lucentis®1 and SB15 referencing Eylea®2, in major markets worldwide, and other identified products. $BIIB PR link.

Office Depot(PBR281) approves a feasibility review of the implementation of a holding company reorganization, called The ODP Corporation, which is expected to be completed by the end of the first quarter of 2020. $ODP PR link.

Office Depot(PBR281) authorizes increase of share repurchase program to $200 million, extends expiration date to 12/31/21. $ODP PR link.

NVR(PBR404) authorizes $300 million share repurchase program. $NVR PR link.

Domtar(PBR498) increases share buyback program by $300 million, balance available is now $478 billion. $UFS PR link.

Taylor Morrison Homes(PBR592) to acquire William Lyon Homes (NYSE: WLH) for $21.45/share, $2.4 billion cash & stock deal, will create 5th largest homebuilder in the US, to close by early 2Q20. $TMHC PR link.

Bloomin’ Brands(PBR602) in 3Q19 report says it is exploring strategic alternatives, including possible sale of the company. $BLMN PR link.

TripAdvisor(PBR949) to be 40% owner and Trip.com Group 60% in joint venture, TripAdvisor China, to share content, Trip.com to get a TripAdvisor board seat, to purchase 6.95 million TripAdvisor shares for around $317.6 million. $TRIP PR link.

Boeing(PBR28 $BA) CEO Dennis Muilenburg gets vote of confidence, volunteers to forgo a bonus this year and any stock awards until all Max jets, including those sitting in Boeing lots, are flying, could take at least a year, compensation last year was worth $23.4 million, including a $13.1 million bonus and $7.3 million in stock awards. MarketWatch PR link.

The US Dept of Labor says the US Preliminary 3Q19 Labor Productivity Output/Hour-All Persons is at -0.3%, 2Q19 was at +2.8%, 1Q19 +3.6%, 3Q18 +0.8%. USDOL PR link.

***Tuesday, November 5

Walmart(PBR1 $WMT) withdraws complaint against Tesla(PBR141) solar panels. MarketWatch PR link.

Kroger(PBR21) approves a $1 billion share repurchase program, replacing the existing authorization that has approximately $546 million remaining. $KR PR link.

VISA(PBR151) issues statement in support of Tencent’s announcement that it intends to support international card schemes in its mobile wallet, will allow VISA to be used in the millions of places in China where WeChat Pay is accepted, instead of having to rely on cash. $V PR link.

Xerox(PBR310) restructures FUJIFILM relationship, will receive $2.3 billion from related transactions. $XRX PR link.

Chipotle(PBR535) to provide access to mental healthcare and financial wellness for more than 80,000 employees in 2020 through Employee Assistance Programs and enhanced benefits offerings. $CMG PR link.

Intl Flavors & Fragrances(PBR609) says its investigation of allegations that improper payments to representatives of customers were made in Russia and Ukraine has been substantiated and it has taken appropriate remedial actions, including replacing senior management in relevant locations. $IFF PR link.

Marvell Technology(PBR754) completes $650 million plus up to an additional $90 million for milestone achievements acquisition of Avera Semiconductor, the Application Specific Integrated Circuit (ASIC) business of GLOBALFOUNDRIES$MRVL PR link.

Kaman Corp(PBR912) to acquire design, development, and manufacturing of precision springs, seals, and contacts with $95 million in 2019 revenues Bal Seal for $330 million cash. $KAMN PR link.

Graco(PBR947) celebrates the 50th anniversary of its Initial Public Offering. $GGG PR link.

Walmart(PBR1) receives resignation from Board from former McDonald’s(PBR147) CEO Steve Easterbrook. $WMT PR link.

Comerica(PBR653) Executive Chairman Ralph W. Babb Jr to retire on 12/31/19, President/CEO Curtis C. Farmer to also become Chairman on 01/01/20. $CMA PR link.

The US Dept of Labor says the US Preliminary September 2019 Job Openings-Private are at 6,300,000, Government 724,000, Total Job Openings 7,024,000, August 2019 was at 7,301,000, July 2019 7,174,000, September 2018 7,392,000. USDOL PR link.

The US Dept of Commerce says the US Preliminary September 2019 Exports-Goods are at $136.8 billion, Services $69.2 billion, Total Exports $206.0 billion, Exports YTD(10 months) $1.870 trillion; September 2019 Imports-Goods are at $208.6 billion, Services $49.9 billion, Total Imports $258.5 billion, Imports YTD are $2.352 trillion; September 2019 Total Deficit is at $53.5 billion, Total Deficit 2019 YTD(10 Months) is at $481.3 billion, Total Deficit 2018
YTD
 was $457.2 billion. USDOC PR link.

The Institute for Supply Management says the US October 2019 Non-Manufacturing Index(>50%=Economy growing) is at 54.7%, September 2019 was at 52.6%, August 2019 56.5%, October 2018 60.0%. ISM PR link.

IHS Markit says the US October 2019 Composite PMI Output Index is at 50.9, September 2019 was at 51.0, August 2019 50.7, October 2018 54.9. IHS Markit PR link.

The PurdueU/CME Group says the US October 2019 Ag Economy Barometer Composite Index is at 136, September 2019 was at 121, August 2019 124, October 2018 136. “… producers became more optimistic about both current and future economic conditions on their farms.” PurdueU/CME Group PR link.

***Monday, November 4

The PBR25 Top 25 Stock Buy Recommendations based on 14,980 analysts reviews as of 11/01/19 is now available. Check it out on The PBR25 page.

Apple(PBR3) commits $2.5 billion to combat housing crisis in California. $AAPL PR link.

Bank of America(PBR25) is accelerating move from its current US minimum hourly rate of pay of $17 to $20 by the end of 1Q20, more than a year earlier than originally planned. $BAC PR link.

Philip Morris(PBR37) to end cigarette production in its 40 billion units production capacity in 2019 factory in Berlin, Germany, by 01/01/20, around 950 employees to be impacted, will continue the production of expanded tobacco in Berlin. $PM PR link.

Stryker Corp(PBR233) to acquire Wright Medical Group NV(NASDAQ: WMGI) for $30.75 per share in all stock deal, for a total equity value of approximately $4.0 billion and a total enterprise value of approximately $5.4 billion. $SYK PR link.

Discover Financial(PBR244) will begin issuing contactless-enabled credit cards over the next several months, cardmembers can tap their Discover cards at card readers with the Contactless Symbol to pay at millions of stores. $DFS PR link.

Symantec(PBR541) completes $10.7 billion in cash sale of its enterprise security business to Broadcom(PBR146), Symantec changes its name to NortonLifeLock, to start trading as NASDAQ: NLOK on 11/05/19. $SYMC PR link.

Workday(PBR765) to acquire cloud-based platform for strategic sourcing and supplier engagement Scout RFP for around $540 million, to close by 01/31/20. $WDAY PR link.

First Horizon National(PBR856) and IBERIABANK Corporation(NASDAQ: IBKC) to combine in an all-stock merger of equals, FHN shareholders to own 56%, IBKC shareholders 44%, to be headquartered in Memphis, TN, will have $75 billion in assets, $57 billion in deposits and $55 billion in loans, to close 2Q20. $FHN PR link.

Pier 1 Imports(PBR956) gets NYSE approval for its business plan to regain compliance with NYSE continued listing standards, has 18 months to come into compliance with $50 million market capitalization and $50 million shareholder equity provision. $PIR PR link.

McDonald’s(PBR147) names President/McDonald’s USA Chris Kempczinski as President/CEO, succeeds Steve Easterbrook who has been separated for violating company policy. $MCD PR link.

Endo Intl(PBR741) President/CEO Paul V. Campanelli is now also Chairman, search for new President/CEO starts, Chairman Roger Kimmel appointed Senior Independent Director. $ENDP PR link.

Columbia Sportswear(PBR769) Chairman Gert Boyle passes away, was 90 years old, was company matriarch since 1970. $COLM PR link.

Columbia Sportswear(PBR769) President/CEO Tim Boyle appointed to also be Acting Chairman per the passing of Gertrude Boyle, Board to make formal appointment of new Chairman at next scheduled meeting in 01/20. $COLM PR link.

Genesco(PBR867) SVP/COO Mimi E. Vaughn to become President/CEO on 02/02/20, will succeed Robert J. Dennis who will become Executive Chairman. $GCO PR link.

Pier 1 Imports(PBR956) CFO Robert Riesbeck appointed CEO as well, effective 11/05/19, succeeds Interim CEO Cheryl Bachelder who remains on the Board. $PIR PR link.

The US Dept of Commerce says the US Preliminary September 2019 Manufacturers’ New Orders-Durable Goods was at $247.7 billion, Non-Durable Goods $249.0 billion, Total New Orders $496.7 billion, -0.6% from August 2019, -3.2% from September 2018. USDOC PR link.

***Friday, November 1

The PBRMarketTools US Stock Exchanges Recap for Week 44 of 2019 ending 11/01/19:

DJIA ends Week 44 at 27,347.36, +1.44% from last Friday, +1.11% MTD, +1.60% QTD, +17.23% YTD, -0.04% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 44 at a record 8,386.40, +1.74% from last Friday, +1.13% MTD, +4.84% QTD, +26.39% YTD, +0.00% from record 8,386.40 set 11/01/19.

SPX ends Week 44 at a record 3,066.91, +1.47% from last Friday, +0.97% MTD, +3.03% QTD, +22.34% YTD, +0.00% from record 3,066.91 set 11/01/19.

The Week 44 of 2019 News Summary: The US/China trade negotiations seem to be making progress with a Phase One signing being planned for. UK’s Brexit has been delayed, a UK general election is scheduled for 12/12/19. Hong Kong protests continue over concerns of its democracy under China’s rule. US economic news was good as the Federal Open Market Committee lowered rates a quarter point to 1.50-1.75%, says US growth is at a moderate pace, and Friday’s job report was much better than anticipated. Third quarter corporate earnings are rolling in to mixed reviews, but generally positive. The Chicago teachers strike comes to an end, but fires continue to rage in California. The big sports news was the major league baseball comeback team Washington Nationals who won their first World Series by winning over the Houston Astros 4 games to 3, with the away team winning all 7 games, a first for the series. For stocks Week 44 was mixed until the good jobs report came out on Friday, which resulted in the NASDAQ and S&P500 setting records and the DJIA just shy of a new one. The Stock Market Bull charged and then gored The Stock Market Bear into submission and took the week 3-0.

The Week 44 of 2019 tally YTD is:
The Stock Market Bull: 22 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 8 weeks

NGL Energy(PBR121) completes around $600 million acquisition from Golden Gate Capital of all of the equity interests of producer of water pipeline and disposal infrastructure solutions to some in the New Mexico and Texas producers Hillstone Environmental Partners$NGL PR link.

FIS(PBR353) to build a new, expanded world headquarters in Jacksonville, FL, 12 story 300,000 sf facility to open in 06/22, to hire an additional 500 employees. $FIS PR link.

Timken(PBR656) completes around $165 million acquisition of Pegnitz, Germany based estimated $135 million in revenues in 2019 automatic lubrication systems developer BEKA Lubrication$TKR PR link.

Fitbit(PBR961) to be acquired by Alphabet(PBR16) Google unit for $7.35/share, around $2.1 billion cash, to close in 2020. $FIT PR link.

Univar(PBR342) Executive Chairman Stephen D. Newlin to retire as an employee effective 12/31/19, will become Non-Executive Chairman, Independent Lead Director Christopher D. Pappas expected to become Independent Chairman at 05/20 annual meeting, Newlin to stand for election as a member of the Board. $UNV PR link.

Keysight Technologies(PBR617) President/CEO Ron Nersesian appointed to also be Chairman, Paul Clark now becomes Lead Indpendent Director. $KEYS PR link.

NOW(PBR710) CEO Robert Workman no longer there or on the Board, Board member Dick Alario appointed interim CEO, not a candidate for CEO, new CEO search starts. $DNOW PR link.

Primoris Services(PBR742) Chairman/CEO David King to remain Chairman, President Tom McCormick to become CEO after 10Q release. $PRIM PR link.

The US Dept of Labor says the US October 2019 Civilian Noninstitutional Population is at 259,845,000, Available Labor Force at 164,364,000, Employed at 158,510,000, +241,000 from September 2019, +1,928,000 from October 2018, Unemployed at 5,854,000, -258,000 from October 2018, Unemployment Rate is at 3.6%, October 2018 was at 3.8%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary September 2019 Construction Spending Annual Rate-Residential is at $518.0 billion, Non-Residential $775.6 billion, Total $1.294 trillion, +0.5% from August 2019, -2.0% from September 2018. USDOC PR link.

The Institute for Supply Management says the US October 2019 Manufacturing PMI Index(<50%=Economy contracting) is at 48.3%, September 2019 was at 47.8%, August 2019 49.1%, October 2018 57.7%. “Overall, sentiment this month remains cautious regarding near-term growth …” ISM PR link.

The IHS Markit US October 2019 Manufacturing PMI Index is at 51.3, September 2019 was at 51.1, August 2019 50.3, October 2018 55.7. IHS Markit PR link.

TrueCar’s ALG unit says US October 2019 Average Light Vehicle Transaction Price was at $35,239, +0.2% from September 2019, +2.6% from October 2018; Average Incentive Outlay was $3,771; Average Annual Percentage Loan Rate was at 5.7%. TrueCar PR link.

***Thursday, October 31

The PBRMarketTools US Stock Exchanges Recap for October 2019 ending 10/31/19:

DJIA ends October 2019 at 27,046.23, +0.33% from last Friday, +0.48% MTD/QTD, +15.94% YTD, -1.14% from record 27,359.16 set 07/15/19.

NASDAQ ends October 2019 at 8,292.36, +0.60% from last Friday, +3.66% MTD/QTD, +24.97% YTD, -0.45% from record 8,330.21 set 07/26/19.

SPX ends October 2019 at 3,037.56, +0.50% from last Friday, +2.04% MTD/QTD, +21.17% YTD, -0.30% from record 3,046.77 set 10/30/19.

The October 2019 tally YTD is:
The Stock Market Bull: 8 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

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

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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 28 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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The PBR1000 October 2019 Breaking News Recap

The White House and The PBR1000: Strange Bedfellows

PBR1000 Politics Economy StockMarket

The White House has a big impact on the economy, which affects The PBR1000 and businesses of all sizes, especially as a contentious election year approaches.

By Larry C. Paxton

The October 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Thursday, October 31

The PBRMarketTools US Stock Exchanges Recap for October 2019 ending 10/31/19:

DJIA ends October 2019 at 27,046.23, +0.33% from last Friday, +0.48% MTD/QTD, +15.94% YTD, -1.14% from record 27,359.16 set 07/15/19.

NASDAQ ends October 2019 at 8,292.36, +0.60% from last Friday, +3.66% MTD/QTD, +24.97% YTD, -0.45% from record 8,330.21 set 07/26/19.

SPX ends October 2019 at 3,037.56, +0.50% from last Friday, +2.04% MTD/QTD, +21.17% YTD, -0.30% from record 3,046.77 set 10/30/19.

The October and 10th Month 2019 News Summary: The US/China trade negotiations continued to be in flux as news was mixed throughout the month. At the end a Phase One deal appears to have been agreed upon that will be signed soon. The UK Brexit from the European Union has been extended past the 10/31/19 date, and the UK has set 12/12/19 for general elections. Canada‘s Justin Trudeau gets re-elected, but will have to find some coalition partners to be an effective leader. In a controversial decision President Trump says US troops will be withdrawn from Syria, Turkey invades Syria, in cooperation between Turkey and the Kurds the US kills the notorious leader of ISIS, and the Middle East conflict continues to be a difficult puzzle for finding peace. Hong Kong protests continue over concerns about its future as a democracy while being a part of China. US economic news was more pleasant as summarized by the Federal Open Market Committee after its late October meeting, saying that the US economy continues to grow at a moderate rate, employment and wages are in a good spot, and a recession is not eminent. The United Auto Workers strike with General Motors ends and sets the stage for negotiations with other auto manufacturers. The Stock Market Bear took the first week of October, but the rest of the month was dominated by The Stock Market Bull who won 3-0, the S&P500 broke records at the end of the month with the DJIA and NASDAQ closing in on new highs as well.

The October 2019 tally YTD is:
The Stock Market Bull: 8 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

Marathon Petroleum(PBR31) to separate its Speedway unit into an independent, publicly traded company, will consist of MPC’s company-owned retail store operations, will have a potential enterprise value of $15 billion to $18 billion. $MPC PR link.

Altria(PBR113) records a3Q19 non-cash pre-tax impairment charge of $4.5 billion related to its investment in smokeless tobacco company Juul$MO PR link.

Amgen(PBR124) enters into a strategic collaboration with BeiGene that will significantly accelerate Amgen’s plans to expand its oncology presence in China, to acquire 20.5% stake in BeiGene for around $2.7 billion in cash. $AMGN PR link.

Henry Schein(PBR240) authorizes an up to $400 million share repurchase program, is in addition to current program which has $75 million available. $HSIC PR link.

LKQ(PBR254) authorizes an additional $500 million for its share repurchase program, total authorization is now $1 billion, expires 10/25/22, has used around $352 million. $LKQ PR link.

Assurant(PBR370) has acquired MMI-CPR LLC, which operates as Cell Phone Repair, one of the largest global franchisors of mobile device repair stores with more than 700 locations, provides a wide variety of same-day electronic device repairs and offers consumers the ability to sell and buy devices at their local CPR store, terms not disclosed. $AIZ PR link.

Spirit AeroSystems(PBR403) to acquire select assets of Bombardier aerostructures and aftermarket services businesses in Belfast, Northern Ireland; Casablanca, Morocco; and Dallas, US for $500 million cash, will also assume around $300 million in net pension liabilities, and approximately $290 million of government grant repayment obligations, for a total enterprise valuation of $1.090 billion. $SPR PR link.

Ametek(PBR536) completes $925 million cash acquisition of Pleasanton, CA based $180 million in annual sales instrumentation and software used to enhance and extend the operation and performance of electron microscopes manufacturer Gatan from Roper Technologies(PBR517)$AME PR link.

Albemarle(PBR678) completes $1.3 billion acquisition of 60% ownership of Mineral Resources Limited(ASX: MIN) Wodgina hard rock lithium mine in Western Australia and forms a 60-40 joint venture with MRL to operate the mine and battery grade lithium hydroxide production facilities. $ALB PR link.

Global Payments(PBR679) to acquire 40,000 merchant accounts from Canada’s cooperative financial group Desjardins Group, to close in early 2020, terms not disclosed. $GPN PR link.

Qorvo(PBR717) authorizes new up to $1 billion share repurchase program, includes approximately $117 million authorized under a prior program. $QRVO PR link.

Marathon Petroleum(PBR31) Chairman/CEO Gary Heminger to retire sometime in 2020, new CEO search starts. $MPC PR link.

Magellan Health(PBR399) hires Kenneth J. Fasola as CEO, effective 11/14/19, will succeed Barry Smith. $MGLN PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims 4 Week Average for the Week Ending 10/26/19 is 214,750, 09/21/19 was 212,000, 08/24/19 214,500, 10/20/18 216,000, the Insured Unemployment Rate is at 1.2%. DOL PR link.

The US Dept of Labor says the US 3Q19 All Civilian Workers Employment Cost Index(12/2005=100) is at 138.0, 2Q19 was at 137.0, 1Q19 136.2, 3Q18 134.3. USDOL PR link.

The US Dept of Commerce/BEA says the US Preliminary September 2019 Personal Income Annual Rate is at $18.835 trillion, +0.3% from August 2019, +6.4% from September 2018. USDOC PR link.

The Federal Reserve Bank of Chicago says the 7th District Preliminary September 2019 Midwest Economy Index is at -0.43, August 2019 was at -0.36. ChiFed PR link.

The MNI Chicago Business Barometer(<50 is declining) for October 2019 is at 43.2, September 2019 was at 47.1, August 2019 50.4, October 2018 58.4. MNI/ISM PR link.

FreddieMac(PBR40) says the US Average 30 Year Fixed Home Mortgage on 10/31/19 is at 3.78% with 0.5 points/fees, 09/30/19 was at 3.64%, 08/29/19 3.58%, 10/25/19 4.86%. $FMCC PR link.

***Wednesday, October 30

The PBR1000 Welcomes SS&C Technologies Holdings!

Date Added: 10/21/19
Services: Software technologies for the financial services industry
Ticker: NASDAQ: SSNC
Current The PBR1000 Rankings:
672 By Revenues: $3.4 billion
384 By Market Capitalization: $12.9 billion
166 By Total Yield: 12.18%
329 By Assets: $16.1 billion
335 By Employees: 22,600
63 By Analyst Recommendations: Buy, 4.67/5.00, 15 estimates

To get the complete profile for SS&C Technologies and for all 1,000 of The PBR1000 click here!

Facebook(PBR57 $FB) to pay a $643,000 fine leveled by Britain’s Information Commissioner Office in a privacy case stemming from the Cambridge Analytica scandal, agreeing to accept the fine without admitting any liability. MarketWatch PR link.

Biogen(PBR235) and Alkermes plc (Nasdaq: ALKS) get US FDA approval for VUMERITY™ (diroximel fumarate), an oral fumarate with a distinct chemical structure, for the treatment of relapsing forms of multiple sclerosis. $BIIB PR link.

Molson Coors(PBR285) announces revitalization plan, includes moving from a corporate center and four business units (MillerCoors in the U.S., Molson Coors Canada, Molson Coors Europe and Molson Coors International) to two streamlined business units – North America and Europe. $TAP PR link.

Anixter(PBR356) agrees to be acquired by private investment firm Clayton, Dubilier & Rice for $81.00/share, around $3.8 billion in cash, to close by end of 1Q20. $AXE PR link.

Activision Blizzard(PBR391)’s Call of Duty®: Modern Warfare® had more than $600 million in sell-through worldwide in its first three days of release, a record for Call of Duty, is the top-selling new premium game release of 2019. $ATVI PR link.

Ascena Retail(PBR494)’s The Dress Barn unit says store closings sales at remaining balance of 544 brick and mortar locations to start 11/01/19, has sold the intellectual property assets of Dressbarn and has begun the process of transitioning its ecommerce business to a subsidiary of Retail Ecommerce Ventures LLC who plans to launch a new platform and look of dressbarn.com around 01/01/20. $ASNA PR link.

Digital Realty(PBR725) to acquire a leading provider of carrier- and cloud-neutral colocation data centre services in Europe Interxion (NYSE: INXN), will create a leading global provider of data center, colocation and interconnection solutions, in a $93.48/share, $8.4 billion all stock deal, to close in 2020. $DLR PR link.

Twitter(PBR727) CEO Jack Dorsey tweets that a decision has been made to stop all political advertising on Twitter globally. $TWTR PR link.

HCP(PBR916) changes name to Healthpeak Properties, Inc, to begin trading under its new name and ticker symbol NYSE: PEAK on 11/05/19. $HCP PR link.

Western Digital(PBR183) CEO Steve Milligan to retire upon selection of a successor, then serve in advisory role until 09/20. $WDC PR link.

Trimble(PBR713) President/CEO Steven W. Berglund to become Executive Chairman on 01/04/20, CFO Robert G. Painter elected to become President/CEO and member of the Board. $TRMB PR link.

The Federal Open Market Committee issues statement from its 10/29-30/19 meeting, lowers federal short term interest rates by 0.25% to 1.50%-1.75% on an 8-2 vote, says labor market remains strong and that economic activity has been rising at a moderate rate, survey-based measures of longer-term inflation expectations are little changed. FOMC PR link.

The US Dept of Commerce/BEA says the US Advance 3Q19 Real GDP Annual Growth Rate is at +1.9%, +0.9% from 2Q19, +3.7% from 3Q18. USDOC PR link.

ADP(PBR221) says the US Preliminary October 2019 Change In Employment was +125,000 jobs, 17,000 from Small Businesses(1-49 employees), 64,000 from Mid-Sized Businesses(50-499), 44,000 for Large Businesses(500 or more); -13,000 were from the Goods Producing Sector, +138,000 from the Services Providing Sector$ADP PR link.

The US Energy Information Administration says the US 10/25/19 Crude Oil Stocks were at 438.9 million barrels of oil, +4.6% from 09/20/19, +3.0% from 10/26/19. EIA PR link.

***Tuesday, October 29

Congratulations to Microsoft(PBR19 $MSFT) for winning the $10 billion 10 year JEDI Pentagon contract last week! Microsoft is also #18 on The PBR25 Top Buy Stocks List of 10/04/19, has a YTD Return of 62.5%, a Weighted Average Recommendation of 4.66/5.00, and an Average Target Price of $161.03 based on 33 Analyst Recommendations. To get all 25 of the Buy recommendations go to The PBR25 Top Buy Stocks PR link.

Walmart(PBR1) says Green Dot will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for an additional period of 7 years starting 01/01/20; also they will jointly establish a new fintech accelerator under the name “TailFin Labs, LLC,” to develop products, services and technologies that sit at the intersection of retail shopping and consumer financial services, with Walmart as the majority owner. $WMT PR link.

Amazon(PBR5) Fresh grocery delivery is now free for Amazon Prime members, was $14.99/mo, includes one and two-hour options in most Amazon Fresh cities. $AMZN PR link.

AT&T(PBR9)’s WarnerMedia unit to launch HBO Max in 05/20, will include over 10,000 hours of premium content for $14.99/mo, targeting 50 million domestic subscribers and 75 – 90 million premium subscribers by year-end in 2025 across the US, Latin America and Europe. $T PR link.

Johnson & Johnson(PBR36) reports that 15 new tests from the same bottle of Johnson’s Baby Powder previously tested by the US FDA found no asbestos, and an additional 48 new laboratory tests of samples from the single lot of Johnson’s Baby Powder that the Company voluntarily recalled on 10/18/19 (Lot #22318RB) also confirm that the product does not contain asbestos. $JNJ PR link.

Nike(PBR80) to sell its Costa Mesa, CA based design, development, manufacturing, worldwide marketing and selling of surf apparel and accessories subsidiary Hurley International to branding and licensing company Bluestar Alliance LLC, to close in 12/19, terms not disclosed. $NKE PR link.

Parker Hannifin(PBR216) completes $3.625 billion cash acquisition of privately-held Cary, NC-based $1.1 billion in annual sales, 3,100 employees broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies global provider LORD Corporation$PH PR link.

MGM Resorts(PBR257) and Roar Digital form an exclusive partnership with Verizon(PBR18) Media unit’s Yahoo Sports as its Digital Media Sports Partner to power BetMGM sports betting for Yahoo Sports and create collaborative content experiences and live events. $MGM PR link.

Xerox(PBR310) in 3Q19 report says it completed its evaluation of its customer financing business, decided it is in the best interest of shareholders to keep the business, will not pursue a sale at this time. $XRX PR link.

Meredith Corp(PBR704) has acquired Santa Monica, CA based Stop, Breathe & Think (SBT), a mobile mindfulness app with more than 17 million emotional check-ins to date, terms not disclosed. $MDP PR link.

Herbalife(PBR534) announces Co-President and Chief Health and Nutrition Officer Dr. John Agwunobi will become CEO 0n 03/30/20, will succeed Chairman/Interim CEO Michael Johnson who will remain Chairman. $HLF PR link.

The US Congressional Budget Office(CBO) current 10 year budget and economic projections forecast a GDP of over 2% for 2019, to average 1.8% per year starting in 2020, annual budget deficit to average $1.2 trillion/year in 2020-2029, public debt to reach 95% of GDP. USCBO PR link.

The US Dept of Commerce/Census says the US 3Q19 Total Housing Units were at 139,785,000, +1,152,000 from 3Q18, 79,492,000 Owner Occupied, 43,243,000 Renter Occupied, 17,050,000 VacantHomeownership Rate is 64.8%, 3Q18 was 64.4%. USDOC PR link.

The Conference Board says the US Preliminary October 2019 Consumer Confidence Index(1985=100) is at 125.9, September 2019 was at 126.3. “… confidence levels remain high and there are no indications that consumers will curtail their holiday spending.” TCB PR link.

The S&P CoreLogic Case-Shiller US National August 2019 Home Price NSA Index(01/2000=100) is at 212.06, July 2019 was at 211.63, June 2019 210.87, August 2018 205.55. Case-Shiller PR link.

***Monday, October 28

The PBR25, the Top 25 Buy Stocks according to nearly 15,000 analyst recommendations of The PBR1000, had a cumulative return of 157.40% since 12/31/14, the DJIA was at 51.02%, NASDAQ 68.90%, S&P500 44.58%(As of 09/30/19). To find out more go to The PBR25 Top Buy Stocks PR link.

AT&T(PBR9) reveals 3 year financial guidance and capital allocation plan, developed in conjunction with conversations with activist investor Elliott Management$T PR link.

AT&T(PBR9) to sell its Central European Media Enterprises unit to an affiliate of Czech investment firm PPF Group NV for $1.1 billion cash, will also be relieved of a $575 million debt guarantee, to close in 2Q20. $T PR link.

T-Mobile US(PBR70) 3Q19 report shows 1.7 million total net additions, record 26th consecutive quarter of more than 1 million total net additions, total of 84,183,000 subscribers. $TMUS PR link.

Allergan(PBR197) Forest subsidiaries will pay $750 million to plaintiff class of direct purchasers of Namenda, subject to finalization of the settlement agreement and court approval. $AGN PR link.

Uber(PBR272) introduces financial services unit Uber Money, lets drivers and couriers have real-time access to their earnings after every trip through the Uber Debit account, other enhancements announced. $UBER PR link.

Navistar(PBR298) launches new business unit, NEXT eMobility Solutions, to deliver customized electrification solutions in the truck and school bus markets, plans to have IC Bus® electric school buses available at the end of 2020, while International® medium-duty electric trucks will be introduced in early 2021. $NAVI PR link.

Tiffany(PBR572) receives an unsolicited, non-binding proposal from LVMH Moet Hennessy – Louis Vuitton to acquire Tiffany for $120/share cash, around $14.5 billion. $TIF PR link.

PolyOne(PBR658) completes $775 million sale of its global provider of formulated PVC and polypropylene based solutions with around $700 million in annual sales Performance Products and Solutions (PP&S) business to SK Capital Partners$POL PR link.

Prologis(PBR768) to acquire US logistics REIT Liberty Property Trust (NYSE: LPT) for $12.6 billion in all stock deal, includes debt, to close in 1Q20. $PLD PR link.

Apollo Global Mgmt(PBR995) to acquire an additional 18% stake in retirement services company Athene Holding Ltd(NYSE: ATH), for $1.55 billion, will consolidate share classes, to up stake to 35%, has right to nominate 5 of 15 directors. $APO PR link.

The Federal Reserve Bank of Chicago says the US Preliminary September 2019 National Activity Index is at -0.45, August 2019 was at +0.15, July 2019 -0.41, September 2018 +0.08. ChiFed PR link.

***Friday, October 25

The PBRMarketTools US Stock Exchanges Recap for Week 43 ending 10/25/19:

DJIA ends Week 43 at 26,958.06, +0.70% from last Friday, +0.15% MTD/QTD, +15.56% YTD, -1.47% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 43 at 8,243.12, +1.90% from last Friday, +3.05% MTD/QTD, +24.23% YTD, -1.05% from record 8,330.21 set 07/26/19.

SPX ends Week 43 at 3,022.55, +1.22% from last Friday, +1.54% MTD/QTD, +20.57% YTD, -0.11% from record 3,025.86 set 07/26/19.

The Week 43 News Summary: There seemed to be renewed US/China trade negotiations optimism, but no details were provided. UK’s Brexit from the European Union appears to be a done deal, but timing is still uncertain, and the UK has set a time for a new general election. The Turkey/Kurds/Russians/US actions in Syria implications are not yet clear. Hong Kong continues to see protesters in the streets fighting over personal rights and democracy. Canada’s Justin Trudeau wins re-election, but does not have a majority party, will have to form a coalition. The Democrats controlled US House Impeachment Inquiry of President Trump continues, but concerns are being expressed over it not being a transparent process. US economic data continues to show growth, but at a slower pace, mostly because of international trade issues. The week ended with the US Treasury department showing the federal deficit at just under $1 trillion for FY2019. A deluge of 3rd quarter corporate earnings were generally mixed. US consumers remain mostly optimistic because of wage growth and jobs availability. Overall, it was a good week for The Stock Market Bull as he oversaw a fertile pasture, even though The Stock Market Bear did make a rather meek appearance on Tuesday. The Stock Market Bull wins Week 43 3-0.

The Week 43 of 2019 tally YTD is:
The Stock Market Bull: 21 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 8 weeks

AT&T(PBR9) to sell its remaining domestic company-owned wireless towers, includes 1,000+ AT&T towers, to Peppertree Capital Management, for up to $680 million, AT&T will lease back capacity on the towers from Peppertree. $T PR link.

General Motors(PBR13) agreement with United Auto Workers(UAW) team members is ratified, ends strike, 4 year agreement includes 3% wage increases or 4% lump sum payment in each year, preserves 3% healthcare employee cost, $11,000 contract signing bonus for fulltime and $4,500 for parttime employees, no cap on profit sharing, temporary employee transition to permanent employment after 3 years, GM to invest $7.7 billion in the US. $GM PR link.

Microsoft(PBR19 $MSFT) wins Pentagon’s $10 billion over 10 years JEDI cloud contract, beating Amazon(PBR5), article includes link to Pentagon notice. MarketWatch PR link.

Boeing(PBR28) releases statement on final investigation report of Lion Air Flight 610 by Indonesia’s National Transportation Safety Committee (KNKT). $BA PR link.

Facebook(PBR57) starting to test Facebook News app, a dedicated place for news on Facebook, to a subset of people in the US. $FB PR link.

Western Union(PBR486) launches WU.com in India, in association with India’s YES BANK, enabling customers in India to send money globally 24/7. $WU PR link.

The US Dept of Treasury says the US September 2019 Federal Government Receipts were $374.0 billion, Outlays $291.3 billion, for a Surplus of $82.8 billion; Total FY2019 Receipts were $3.462 trillion, Outlays $4.447 trillion, for a Deficit of $984 billion, the FY2018 Deficit was $779 billion. USTreasury PR link.

The University of Michigan US Final October 2019 Consumer Sentiment Index is at 95.5, September 2019 was at 93.2, August 2019 89.8, October 2018 98.6. “The overall level of consumer confidence has remained quite favorable and largely unchanged during the past few years. The October level was nearly identical to the 2019 average (95.6) and only a few Index-points below the average since the start of 2017 (97.0).” UMichigan PR link.

***Thursday, October 24

Sprint(PBR90 $S), AT&T(PBR9 $T), T-Mobile US(PBR70 $TMUS), and Verizon(PBR18 $VZ) create a joint venture – the Cross Carrier Messaging Initiative (CCMI) – to deliver the next generation of messaging to consumers and businesses, to develop and deploy the standards-based, interoperable messaging service starting with Android and expected in 2020. $S PR link.

Amgen(PBR124) announces that Repatha® (evolocumab), a treatment for patients with high cholesterol and cardiovascular disease proven to reduce heart attacks and strokes, will be distributed exclusively at the 60% lower list price of $5,850/year, will no longer be available at its original list price, effective 12/31/19. $AMGN PR link.

Nordstrom(PBR194) opens 320,000 sf 7 levels first flagship store for women and children at the base of Central Park Tower, the tallest residential building in the world, in New York City. $JWN PR link.

Baxter(PBR280) informs the US SEC that it recently began an investigation into certain intra-Company transactions undertaken for the purpose of generating foreign exchange gains or losses, and may have been misstated. $BAX PR link.

Wyndham Destinations(PBR615) Super 8 is rolling out to select hotels its new ROOM8 concept, a shareable suite with arcade games, foosball table, and sleeping for up to 8 people. $WYND PR link.

Square(PBR690) rolling out instant, free and fractional stock trades via its CashApp mobile app per tweets by CEO/Founder Jack Dorsey. $SQ PR link.

First Solar(PBR860) starts production at its new photovoltaic (PV) module manufacturing facility in Lake Township, OH, its second factory in the US, total annualized production capacity in the US is now 1.9-gigawatts (GW)DC, the largest in the US and the Western Hemisphere. $FSLR PR link.

Minerals Tech(PBR923) authorizes new $75 million share repurchase program, replaces previous program which has expired. $MTX PR link.

Six Flags(PBR962) hires Mike Spanos as President/CEO, effective 11/18/19, will succeed retiring Chairman/President/CEO Jim Reid-Anderson, Board member Richard Roedel will become Non-Executive Chairman. $SIX PR link.

The US Dept of Commerce/HUD says the US Preliminary September 2019 New Family Homes Sold Annual Rate is at 701,000, -0.7% from August 2019, +15.5% from September 2018; Median New Family Home Price was at $299,400, -7.9% from August 2019, -8.8% from September 2018; New Homes Available at 321,000, a 5.5 Months Supply$USDOC PR link.

***Wednesday, October 23

Amazon(PBR5) increases its Amazon Counter service, a network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location, by thousands with Amazon’s new store partners GNC(PBR841), Health Mart and Stage Stores(PBR953)$AMZN PR link.

Boeing(PBR28) in 3Q19 report says it has assumed that regulatory approval of the 737 MAX return to service begins in 4Q19 and that it will gradually increase the 737 production rate from 42 per month to 57 per month by late 2020. $BA PR link.

Best Buy(PBR71) says about 99% of its customers now get Free Next-Day Delivery on thousands of items, excludes some bigger and heavier things like big-screen TVs and refrigerators, also offering 1 hour Store Pickup service. $BBY PR link.

Tesla(PBR141) releases 3Q19 report, returns to profitability, confident it will exceed 360,000 vehicles delivered in 2019, trial production of Model 3 in Shanghai has begun, is ahead of schedule, also ahead of schedule to produce Model Y, now expects to launch by summer 2020, is planning to produce limited volumes of Tesla Semi in 2020 and is hoping to announce soon the location of its European Gigafactory for production in 2021. $TSLA PR link.

Dominion Energy(PBR237) and Smithfield Foods invest $500 million to become largest renewable natural gas(RNG) supplier in the US, to convert methane gas from Smithfield’s hog operations, to produce enough RNG to power 70,000 homes and businesses. $D PR link.

Navient(PBR485) approves new share repurchase program for up to $1 billion of common stock, is in addition to the around $77 million remaining from previous authorization. $NAVI PR link.

Wyndham Destinations(PBR615) completes $162 million sale of its Wyndham Vacations Rentals business to Vacasa, N America’s largest vacation rental management platform. $WYND PR link.

ADP(PBR221) says the US 3Q19 Average Yearly Wage Growth was at +3.2%, 2Q19 was at +4.0%, 1Q19 +3.8%, 3Q18 +3.5%; Average Hourly Wage Level is at $28.71, 2Q19 was at $28.54, 1Q19 $28.40, 3Q18 $27.81. “Though wage growth remains healthy, the tight labor market continues to pressure wages and fuel growth across nearly all industries, but employers may be losing the capacity to raise paychecks any further.” $ADP PR link.

***Tuesday, October 22

Verizon(PBR18) in agreement with Walt Disney(PBR54) to give wireless unlimited customers, new Fios Home Internet and 5G Home Internet customers 12 months of Disney+ streaming services, launches 11/12/19. $VZ PR link.

Proctor & Gamble(PBR46) in 1Q20 report says it expects to pay over $7.5 billion in dividends and repurchase $6 billion to $8 billion of common shares in fiscal 2020. $PG PR link.

Facebook(PBR57 $FB) discloses that it spent $4.8 million to influence US lawmakers and regulators in 3Q19, lifting its year-to-date spending on Washington lobbying to $12.3 million, 2018’s full-year total was $12.6 million. MarketWatch PR link.

Starbucks(PBR116) expands Starbucks Delivers to five new US markets, Atlanta, Denver, Phoenix, Philadelphia, and New Jersey, as well as further expansion in the New York Metro, in partnership with Uber(PBR272)’s Uber Eats, will reach national availability in early 2020. $SBUX PR link.

PVH(PBR315)‘s wholly owned subsidiary Calvin Klein and Swatch Group have agreed to end their 22 year watch and jewelry license relationship, Calvin Klein currently evaluating new partners for the category. $PVH PR link.

Meredith Corp(PBR704) has sold its MONEY brand to Ad Practitioners LLC, a portfolio of digital brands, includes 4 million monthly unique visitors MONEY.com, terms not disclosed. $MDP PR link.

Snap(PBR988) in 3Q19 report says Daily Active Users were 210 million in Q3 2019, compared to 203 million in Q2 2019 and 186 million in Q3 2018, 3Q19 revenues were $466 million, net loss was $227 million. $SNAP PR link.

Boeing(PBR28) appoints Stan Deal to succeed Kevin McAllister as President/CEO of Boeing Commercial Airplanes and Ted Colbert to succeed Deal as President/CEO of Boeing Global Services, effective immediately. $BA PR link.

Nike(PBR80) Chairman/President/CEO Mark Parker to become Executive Chairman on 01/13/20, Board member John Donahoe to become President/CEO. $NKE PR link.

Michaels Cos(PBR510) appoints Interim CEO Mark Cosby as permanent CEO, effective immediately. $MIK PR link.

Under Armour(PBR515) Chairman/CEO/Founder Kevin Plank to become Executive Chairman and Brand Chief on 01/01/20, President/COO Patrik Frisk to become President/CEO reporting to Plank. $UA PR link.

The Federal Reserve Bank of Richmond says the US 5th District October 2019 Annualized Manufacturing Index is at +8%, September 2019 was at -9%, August 2019 +1%, October 2018 +17%. “Respondents were optimistic that conditions would continue to improve in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the US 5th District October 2019 Annualized Service Sector Revenue Index is at +24%, September 2019 was at +6%, August 2019 +6%, October 2018 +4%. “Firms … reported increased spending and improved local business conditions, and they were optimistic that conditions would continue to improve in the coming months.” RichmondFed PR link.

The Natl Assn or Realtors says the US Preliminary September 2019 Existing Home Sales Annual Rate is at 5,380,000, -2.0% from August 2019, +3.9% from September 2018; Median Home Price is at $272,100, -2.2% from August 2019, +5.9% from September 2018; Existing Inventory is at 1,830,000, -1.6% from August 2019, -2.7% from September 2019; Supply is at 4.1 Months; Median Time on Market is at 32 Days. NAR PR link.

***Monday, October 21

AmerisourceBergen(PBR10 $ABC), Cardinal Health(PBR14 $CAH) and McKesson(PBR7 $MCK) agree to a $215 million settlement with two Ohio counties, Cuyahoga and Summit, in the first track of the multi-district opioid litigation. Joint PR link.

Bank of America(PBR25)’s Merrill Edge Self-Directed unit will expand its zero-dollar online trade benefits, offering unlimited commission-free stock, exchange-traded fund (ETF) and option trading to clients in all tiers of its Preferred Rewards program. $BAC PR link.

Boeing(PBR28) releases letter with more details about an 11/15/16 instant message regarding comments reflecting a reaction to a 737 MAX simulator program that was not functioning properly, and that was still undergoing testing. $BA PR link.

Johnson & Johnson(PBR36)’s Janssen unit gets US FDA approval of STELARA® (ustekinumab) for the treatment of adult patients with moderately to severely active ulcerative colitis. $JNJ PR link.

Facebook(PBR57) announces several new measures to help protect the democratic process and providing an update on initiatives already underway for the US 2020 election. $FB PR link.

Macy’s(PBR115) to stop selling fur by the end of fiscal 2020, includes all Macy’s and Bloomingdale’s private brands, as well as items sold from brand partners, will also be closing its Fur Vaults and salons. $M PR link.

Danaher(PBR157) to sell its label-free biomolecular characterization, chromatography hardware and resins, and microcarriers and particle validation standards businesses, which generated $140 million in revenues in 2018, to Sartorius AG for approximately $750 million, to close in 1Q20. $DHR PR link.

Netflix(PBR195) to offer around $2.0 billion in senior unsecured notes in two series to institutional investors. $NFLX PR link.

Stryker Corp(PBR231) completes around $370 million cash upfront and up to $130 million of contingent payments based on milestone achievements acquisition of point-of-care imaging technology provider Mobius Imaging, and its sister company, GYS Tech, (DBA Cardan Robotics). $SYK PR link.

Dominion Energy(PBR237) to transfer a 25% non-controlling equity interest in Cove Point, a liquefied natural gas (LNG) import, export and storage facility located on the western shore of the Chesapeake Bay in Lusby, MD, to Brookfield Asset Management for $2+ billion cash. $D PR link.

Coty(PBR340) to focus more intently on its fragrance, cosmetics and skin care businesses, to explore strategic alternatives for its Professional Beauty business and associated hair brands, as well as the company’s Brazilian operations, including a divesture. $COTY PR link.

Post Holdings(PBR460) completes $14.00/share IPO of its Active Nutrition business, which markets and distributes ready-to-drink protein and other beverages, protein powders, nutrition bars and other nutritional supplements under the Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice brands, called BellRing Brands(NYSE: BRBR), Post owns around 71% of BellRing. $POST PR link.

Carlisle Cos(PBR567) to acquire 1,000+ employees San Diego, CA based Providien LLC, a provider of manufacturing solutions for global medical device OEMs, including thermoforming, medical device contract manufacturing, precision machining & metals, and medical injection molding, to close in 4Q19, terms not disclosed. $CSL PR link.

Range Resources(PBR691) announces some asset sales for $150 million, initiates a $100 million share repurchase program. $RRC PR link.

Vertex Pharmaceuticals(PBR724) gets US FDA approval of Trikafta (elexacaftor/ivacaftor/tezacaftor), the first triple combination therapy available to treat patients with the most common cystic fibrosis mutation. $VRTX PR link.

Adtalem Education(PBR983) to sell its Brazilian portfolio, Adtalem Educacional do Brasil, to YDUQS, the second largest education company in Brazil, for $465 million, to be completed by 12/31/20. $ATGE PR link.

***Friday, October 18

The PBRMarketTools US Stock Exchanges Recap for Week 42 ending 10/18/19:

DJIA ends Week 42 at 26,770.20, -0.17% from last Friday, -0.54% MTD/QTD, +14.76% YTD, -2.15% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 42 at 8,089.54, +0.40% from last Friday, +1.13% MTD/QTD, +21.92% YTD, -2.89% from record 8,330.21 set 07/26/19.

SPX ends Week 42 at 2,986.20, +0.54% from last Friday, +0.32% MTD/QTD, +19.12% YTD, -1.31% from record 3,025.86 set 07/26/19.

The Week 42 News Summary: Rumors and vitriol continued with the US House Impeachment Inquiry of President Trump, which was tampered somewhat by the death of longtime Democrat leader Elijah Cummings; it appears a Brexit deal has been reached between the UK and EU, a lot of jockeying is taking place to try to get UK’s parliament to pass it this weekend. Economic growth worldwide and in the US continued to be positive, but slowing, with some of the drag being placed on the US/China trade negotiations, which appear to be making progress. General Motors and the United Auto Workers have come to an agreement after a few weeks of strikes with the UAW membership to vote on the new contract this weekend. US 3Q corporate earnings seem to be doing better than anticipated. It looked like The Stock Market Bull was going to prevail for Week 42, but The Stock Market Bear got in the ring on Friday when Boeing and Johnson & Johnson issued some bad news sending Week 42 into the books as a mixed result, 2-1 for The Stock Market Bull.

The Week 42 of 2019 tally YTD is:
The Stock Market Bull: 20 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 8 weeks

Walmart(PBR1) to take a $2.2 billion charge to earnings for its UK based ASDA Group Pension Plan buyout. $WMT PR link.

Boeing(PBR28 $BA) alerted the US Dept of Transportation to the existence of instant messages between two Boeing employees, characterizing certain communications with the FAA during the original certification of the 737 MAX in 2016. FAA PR link.

Boeing(PBR28) President/CEO responds with a letter saying Boeing is cooperating with various departments on the 737 MAX issues. $BA PR link.

Johnson & Johnson(PBR35) initiates a voluntary recall in the United States of a single lot of its Johnson’s Baby Powder in response to a US FDA test indicating the presence of subtrace levels of chrysotile asbestos contamination (no greater than 0.00002%) in
samples from a single bottle purchased from an online retailer. $JNJ PR link.

Facebook(PBR56 $FB), Wall Street Journal publisher News Corp(PBR305 $NWSA) and others reach deal for news section, FB to pay license fees to some publishers. MarketWatch PR link.

Marriott Intl(PBR147) to acquire the Elegant Hotels Group for an enterprise value of $199 million, owns and operates seven hotels with 588 rooms and a beachfront restaurant on the island of Barbados. $MAR PR link.

DTE Energy(PBR217) Midstream unit to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for $2.25 billion cash, plus a $400 million milestone payment upon completion of the gathering pipeline in 2H20. $DTE PR link.

Oracle(PBR78) letter from Executive Chairman/Founder Larry Ellison announces death of co-CEO Mark Hurd, had been on leave of absence for health related reasons. $ORCL PR link.

The Conference Board says the US Preliminary September 2019 Leading Economic Index(2016=100) is at 111.9, August 2019 was at 111.2, July 2019 112.2. TCB PR link.

***Thursday, October 17

Ford(PBR12) is implementing a plan to make available 12,000+ charging stations, including fast-charging, with 35,000 plugs for electric vehicles, Amazon(PBR5) Home Services to install home based charging stations. $F PR link.

Facebook(PBR56) Chairman/CEO Mark Zuckerberg speaks at Georgetown University about the importance of protecting free expression, will not be fact checking political ads, believes people should decide what is credible, not tech companies. $T PR link.

Tyson(PBR75) to prohibit the use of feed ingredient ractopamine in the market hogs it buys from farmers beginning in 02/20, will help with global market where several key countries like China have forbidden the use of ractopamine. $T PR link.

Marriott Intl(PBR147) has purchased the 270-room W New York – Union Square in the heart of Manhattan’s Union Square neighborhood for $206 million, planning significant renovation. $T PR link.

Kohl’s(PBR152) launches several new brands in time for the holidays, The Beauty Checkout started in 10/19 to be supported by Facebook starting in 2020. $T PR link.

PayPal(PBR201) and Synchrony Financial(PBR167) expand relationship to launch in 2H20 Venmo‘s first-ever credit card. $T PR link.

Skechers(PBR549) wins in lawsuit filed by Nike(PBR79)’s Converse unit, judge says Skechers’ did not violate Converse’s Chuck Taylor trademark. $T PR link.

Hasbro(PBR552) $4.0 billion cash acquisition of Canada based global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content, including popular pre-teen characters Peppa Pig and PJ Masks, Entertainment One Ltd(LSE: ETO) is approved by ETO shareholders, still to close in 4Q19. $T PR link.

The US Dept of Commerce says the US Preliminary September 2019 New Residential Permits Issued Annual Rate is at 1,387,000, -2.7% from August 2019, +7.7% from September 2018. USDOC PR link.

The US Federal Reserve says US Preliminary September 2019 Industrial Production % of Capacity is at 77.5%, August 2019 was at 77.9%, July 2019 77.4%, September 2018 78.5%, Capacity Growth since September 2018 is at +2.2%. USFed PR link.

The US Federal Reserve Bank of Philadelphia says the 3rd District October 2019 Manufacturing General Activity Indicator is at +5.6, September 2019 was at +12.0, August 2019 +16.8, October 2018 +19.7. “Responses … suggest growth in manufacturing activity this month …. The survey’s future indexes indicate that respondents continue to expect growth over the next six months.” PhillyFed PR link.

***Wednesday, October 16

Johnson & Johnson(PBR35 $JNJ) offers $4 billion opioid litigation settlement, would resolve more than 2,000 lawsuits by state and local governments. Wall Street Journal PR link.

T-Mobile US(PBR70) $59 billion all stock acquisition of Sprint(PBR90) gets US Federal Communications Commission approval on a 3-2 party line vote, still needs additional regulatory approvals and settlement of litigation. MarketWatch PR link.

Eli Lilly(PBR117) says top-line results from its Phase 3 SEQUOIA trial evaluating pegilodecakin plus FOLFOX (folinic acid, 5-FU, oxaliplatin) compared to FOLFOX alone in patients with metastatic pancreatic cancer whose disease had progressed during or following a first-line gemcitabine-containing regimen did not meet its primary endpoint of overall survival, still being evaluated as a therapy for non-small cell lung cancer. $LLY PR link.

Henry Schein(PBR240) gets dismissal of claims by a US Federal Trade Commission judge alleging that Henry Schein conspired with competitors to avoid providing discounts to, or to otherwise serve, buying groups representing dental practitioners. $HSIC PR link.

Alexion Pharmaceuticals(PBR601) to acquire clinical-stage biopharmaceutical company Achillion Pharmaceuticals(NASDAQ: ACHN) for an initial $6.30/share, $930 million cash, plus an additional $2.00/share, around $295 million, based an milestone achievements, to close in 1H20. $ALXN PR link.

American Eagle Outfitters(PBR607) to hire nearly 10,000 part-time seasonal brand ambassadors for its American Eagle and Aerie store teams, hiring event set for 10/20/19 in stores. $AEO PR link.

Sabre Corp(PBR621) acquires Orlando, FL based $20 million in revenues in 2019 airline retailing software provider in the low cost carrier space Radixx for around $110 million. $SABR PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Sales-Manufacturers is at $503.0 billion, Retailers $461.9 billion, Wholesalers $499.1 billion, Total Sales $1.464 trillion, +0.2% from July 2019, +1.1% from August 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Preliminary September 2019 Retail Sales are at $460.4 billion, Food Services & Drinking Places $65.2 billion, Total $525.6 billion, -0.3% from August 2019, +4.1% from September 2018. USDOC PR link.

The US Federal Reserve System releases its Beige Book for economic data through 10/07/19. “The U.S. economy expanded at a slight to modest pace since the prior report as business activity varied across the country.” USFed PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary October 2019 Housing Market Composite Index(>50=builders say conditions are good) is at 71, September 2019 was at 68, August 2019 67, October 2018 68. “The housing rebound that began in the spring continues, supported by low mortgage rates, solid job growth and a reduction in new home inventory …” NAHB PR link.

***Tuesday, October 15

Abbott(PBR100) authorizes new up to $3 billion share repurchase program, is in addition to $795 million unused portion of previous authorization. $ABT PR link.

MGM Resorts(PBR257) to form a joint venture with Blackstone(PBR423) Real Estate Income Trust that values the real estate of Bellagio at $4.25 billion, will acquire the Bellagio real estate and lease it back to a subsidiary of MGM Resorts to operate the property for initial annual rent of $245 million, MGM Resorts will receive a 5% equity interest in the joint venture and cash of approximately $4.2 billion, to close in 4Q19. $MGM PR link.

MGM Resorts(PBR257) to sell 2,300 employees Circus Circus Las Vegas for $825 million to an affiliate of Treasure Island owner Phil Ruffin, to close in 4Q19. $MGM PR link.

AMC Entertainment(PBR497) launches AMC Theatres On Demand, a digital movie service with around 2,000 movies, available to AMC Stubs members. $AMC PR link.

***Monday, October 14

UPS(PBR41) launches Storage on Demand, customers request delivery of empty storage bins to their home or business, fill and seal the bins, request pickup and delivery to a secure UPS storage site, then request retrieval delivery when needed, pricing starts at $5/month per bin, available in metro Atlanta, GA area, to expand nationwide. $UPS PR link.

Allergan(PBR197) shareholders approve $188.24/share cash/stock, a 45% premium from the 06/24/19 closing price, equity value of around $63 billion acquisition by AbbVie(PBR91), to close in early 2020. $AGN PR link.

Ross Stores(PBR207) opens 30 Ross Dress for Less® and 12 dd’s DISCOUNTS® stores across 19 different states in September and October, completes store growth plans for fiscal 2019 with the addition of 98 new stores. $ROST PR link.

Sempra Energy(PBR260) to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía SA, to State Grid International Development Limited for $2.23 billion cash, part of strategy to focus on N America business. $SRE PR link.

Asbury Automotive(PBR420) acquires its first Colorado and first Subaru dealership, Denver area 120 employees Mike Shaw Subaru in Thornton. $ABG PR link.

Harley-Davidson(PBR480) halts production of its LiveWire electric motorcycles after discovering a problem related to the vehicle’s charging equipment. $HOG PR link.

KKR(PBR831) acquires majority stake in Hyperoptic Ltd, the UK’s largest residential gigabit broadband provider, includes a full fibre network covering 43 towns and cities across the UK, with gigabit broadband services passing almost 400,000 homes and businesses, with plans to have over 5 million by 2024, terms not disclosed. $KKR PR link.

Hershey(PBR381) President/CEO Michele Buck elected to also be Chairman, succeeds Chairman Chuck Davis who will reassume the role of Lead Independent Director. $HSY PR link.

The US Federal Reserve Bank of New York says the US October 2019 Empire State Manufacturers General Business Conditions Index is at +4.o, September 2019 was at +2.0%, August 2019 +24.3. Indexes assessing the six-month outlook indicated that optimism about future conditions improved somewhat but remained subdued. NYFed PR link.

***Friday, October 11

Amazon(PBR5) to open a 1,000,000+ sf fulfillment center in Channahon, Illinois, creating 500+ new, full-time jobs starting at $15/hr. $AMZN PR link.

Cisco(PBR62) completes acquisition of Salt Lake City, UT privately-held contact center predictive analytics developer and provider CloudCherry, terms not disclosed. $CSCO PR link.

3M(PBR92) completes $6.7 billion, includes debt, acquisition of 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. $MMM PR link.

Uber(PBR272) to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto, to close in early 2020, terms not disclosed. $UBER PR link.

Boeing(PBR28) separates Chairman & CEO roles, Dennis Muilenburg continues as President/CEO, Lead Director David Calhoun elected Non-Executive Chairman. $BA PR link.

The US Dept of Labor says the Preliminary September 2019 Import Prices Growth is at +0.2%, August 2019 was at -0.2%, July 2019 +0.0%, September 2018 +0.1%, Last 12 Months -1.6%; September 2019 Export Prices Growth is at -0.2%, August 2019 was at -0.6%, July 2019 +0.2%, September 2018 +0.0%, Last 12 Months -1.6%. USDOL PR link.

The U of Michigan says the US Preliminary October 2019 Consumer Sentiment Index is at 96.0, September 2019 was at 93.2, August 2019 89.8, October 2018 98.6. “Sentiment rebounded in early October as consumers anticipated larger income gains and lower inflation during the year ahead.” UMichigan PR link.

***Thursday, October 10

Amazon(PBR5) increases its Amazon Counter service, a network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location, by thousands with Amazon’s new store partners GNC, Health Mart and Stage Stores. $AMZN PR link.

Prudential Financial(PBR50) completes $2.35 billion plus up to an additional $1.15 billion based on achieving milestones consumer solutions platform for health and financial wellness needs provider Assurance IQ$PRU PR link.

ADP(PBR221) opens new office in Downtown Allentown, PA, 243,241 sf, 10 floors, for 1,000 employees in a Class A office tower. $ADP PR link.

Electronic Arts(PBR531) EA SPORTS™ FIFA 20 passes 10 million users, 450 million matches playes, 1.2 billion goals scored. $EA PR link.

Triumph Group(PBR680) to sell its Nashville, TN based around $125 million in revenues for year ending 03/31/19 assembly operations to an affiliate of TECT Aerospace, a manufacturer of complex aerostructure components, parts and assemblies, to close by 12/31/19, terms not disclosed. $TGI PR link.

The US Dept of Labor says the US Preliminary September 2019 Employee Current Average Earnings/Hour are at $28.09 with Average Weekly Hours at 34.4 for Average Weekly Earnings of $966.30, August 2019 was at 966.64, July 2019 $960.06, September 2018 $941.85. USDOL PR link.

The US Dept of Labor says the US September 2019 Consumer Price Index grew at +0.0%, August 2019 was at +0.1%, July 2019 +0.3%, September 2018 +0.1%, Last 12 Months +1.7%. USDOL PR link.

***Wednesday, October 9

AT&T(PBR9) to sell its wireless and wireline operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for $1.95 billion cash, to close in 6-9 months. $T PR link.

UPS(PBR40) to purchase 6,000+ natural gas-powered trucks beginning in 2020 and running through 2022, represents a $450 million investment in expanding the company’s alternative fuel and advanced technology vehicle fleet as well as supporting infrastructure. $UPS PR link.

Dollar Tree(PBR129) to hire 25,000+ associates in its fourth annual Nationwide Hiring Event hosted at Dollar Tree and Family Dollar stores across the US on Wednesday, 10/16/19. $DLTR PR link.

PG&E(PBR177) begins to proactively turn off power for safety to nearly 800,000 customers across Northern and Central California, in response to a widespread, severe wind event, to prevent wildfires caused by electrical lines. $PCG PR link.

Fitbit(PBR958) to shift its manufacturing operations outside of China for effectively all of its trackers and smartwatches to avoid tariffs, starting in 01/20. $FIT PR link.

Bed Bath & Beyond(PBR251) hires Mark J. Tritton as President/CEO and member of its Board, effective 11/04/19, succeeds interim CEO Mary A. Winston. $BBBY PR link.

The US Federal Reserve Open Market Committee releases its Minutes from the 09/17-18/19 meeting, “Participants generally had become more concerned about risks associated with trade tensions and adverse developments in the geopolitical and global economic spheres. In addition, inflation pressures continued to be muted. Many participants expected that real GDP growth would moderate to around its potential rate in the second half of the year.” FOMC PR link.

The US Dept of Labor says the US Preliminary August 2019 Job Openings-Private were at 6,320,000, Government 731,000, Total 7,051,000, July 2019 was at 7,174,000, June 2019 7,248,000, August 2018 7,341,000. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Wholesales Sales-Durables is at $239.2 billion, Non-Durables $259.9, Total $499.1, July 2019 was at $499.0 billion, June 2019 $498.2 billion, August 2018 $499.1 billion. USDOC PR link.

***Tuesday, October 8

Johnson & Johnson(PBR35 $JNJ) must pay $8 billion over antipsychotic drug Risperdal says Philadelphia, PA jury, one of 13,000 lawsuits, appeal planned. MarketWatch PR link.

Oracle(PBR78) to hire nearly 2,000 employees worldwide to work on its growing Oracle Cloud Infrastructure business. $ORCL PR link.

Bristol-Myers Squibb(PBR132) extends expiration date of the offers to exchange the Celgene(PBR204) notes for up to $19,850,000,000 from 10/15/19 to 10/25/19, 5:00PM NYC time. $BMY PR link.

AutoZone(PBR275) authorizes additional $1.25 billion for its share repurchase program, has authorizes $23.2 billion in share repurchases since 1998. $AZO PR link.

Domino’s Pizza(PBR671) authorizes new up to $1 billion share repurchase program. $DPZ PR link.

Ashland(PBR639) Chairman/CEO William A. Wulfsohn to retire, effective 12/31/19, Board elects Guillermo Novo as Chairman/CEO successor. $ASH PR link.

The US Dept of Labor says the US Preliminary September 2019 Producer Price Index Total Monthly Final Demand-Goods is -0.4%, Services -0.2%, Total -0.3%, Last 12 Months +1.4%, August 2019 was at +1.8%, July 2019 +1.7%, September 2018 +2.7%. USDOL PR link.

CoreLogic says the US July 2019 Percent of Home Mortgages 30 or more Days Delinquent was at 3.8%, June 2019 was at 4.0%, May 2019 3.6%, July 2018 4.1%; the July 2019 Foreclosure Inventory Rate was at 0.4%, which tied the prior eight months as the lowest for any month since at least January 1999. CoreLogic PR link.

***Monday, October 7

Walmart(PBR1 $WMT) sells ModCloth amid e-commerce ‘evolution.’ MarketWatch PR link.

Amazon(PBR5) expands Amazon FreeTime and FreeTime Unlimited to more devices, including the new Kindle Kids Edition($109.99), Fire HD 10 Kids Edition, and on select Fire TV devices. $AMZN PR link.

Amazon(PBR5) introduces its all-new Fire HD 10, its largest tablet, with a full HD 10.1” display and 2.0 GHz octa-core processor, includes up to 12 hours of battery life, 32 GB of internal storage with up to 512 GB more via microSD, fast and easy charging with USB-C, Alexa hands-free, and picture-in-picture capability, for $149.99. $AMZN PR link.

GE(PBR20) is freezing the US GE Pension Plan for approximately 20,000 employees with salaried benefits, and US Supplementary Pension benefits for approximately 700 employees, both effective 01/01/21; also offering a limited time lump-sum payment option to around 100,000 eligible former employees who have not started their monthly US GE Pension Plan payments, to reduce GE’s pension deficit by approximately $5-8 billion and Industrial net debt by approximately $4-6 billion. $GE PR link.

Kroger(PBR21) is discontinuing the sale of electronic nicotine delivery products, or e-cigarettes, at all store and fuel center locations due to the mounting questions and increasingly-complex regulatory environment associated with these products, will exit this category after selling through its current inventory. $KR PR link.

Sears(PBR179 $SHLDQ) gets court approval for liquidation plan. MarketWatch PR link.

Dick’s Sporting Goods(PBR352) to host its second-annual “National Signing Day” on 10/16/19, hiring up to 8,000 seasonal teammates. $DKS PR link.

Michaels Cos(PBR511) and UPS(PBR40) complete rollout of UPS Access Point® pickup and delivery locations to 1,100+ Michaels Cos stores nationwide. $MIK PR link.

Square(PBR690) now providing service for CBD products vendors to be able to accept payments. $SQ PR link.

Aramark(PBR195) hires its former President of Global Food & Support Services John J. Zillmer as CEO and member of the Board, effective immediately. $ARMK PR link.

Red Robin(PBR977) Chair Pattye Moore to retire effective 11/01/19, Board member David A. Pace appointed as successor. $RRGB PR link.

The US Federal Reserve System says the US Preliminary August 2019 Consumer Credit Outstanding-Revolving is at $1.079 trillion, Non-Revolving $3.062 trillion, Total $4.141 trillion, +$17.9 billion from July 2019, +$130.7 billion YTD(8 months), +$201.4 billion from August 2018. USFed PR link.

FannieMae(PBR22) says the US September 2019 Housing Market Sentiment Index is at 91.5, August 2019 was at 93.8, July 2019 93.7, September 2018 87.7. “Consumer sentiment remains relatively strong overall, though uncertainty about the economy and individual financial circumstances appear to be weighing on housing market attitudes a bit more than a month ago…” $FNMA PR link.

***Friday, October 4

The PBRMarketTools US Stock Exchanges Recap for Week 40 ending 10/04/19:

DJIA ends Week 40 at 26,573.72, -0.92% from last Friday, -1.27% MTD/QTD, +13.92% YTD, -2.87% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 40 at 7,982.47, +0.54% from last Friday, -0.21% MTD/QTD, +20.3% YTD, -4.17% from record 8,330.21 set 07/26/19.

SPX ends Week 40 at 2,952.01, -0.33% from last Friday, -0.83% MTD/QTD, +17.76% YTD, -2.44% from record 3,025.86 set 07/26/19.

The Week 40 News Summary: Most of the news for the week revolved around the US House’s Impeachment Inquiry of President Trump and his alleged arm twisting of Ukraine to investigate presidential candidate Joe Biden and his son Hunter. Economic news about the US manufacturing sector was not very encouraging, but at the end of the week the ADP and US jobs reports came out, showing continued hiring and a 3.5% unemployment rate, the lowest since December 1969, and took away some recession fears talk. US/China trade negotiations are still on and talks with N Korea about its nuclear weapons are said to be set as well. The Stock Market Bear aggressively gashed out big holes in the stock exchanges on Tuesday and Wednesday, but The Stock Market Bull came back to unexpectedly take the NASDAQ for the week. Week 40 ends with a mixed result, the first mixed result since Week 18, with The Stock Market Bear taking a 2-1 win.

The Week 40 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 7 weeks

Phillips 66(PBR24) approves new up to $3 billion share repurchase program, for an aggregate of $15 billion authorized since 2012. $PSX PR link.

Johnson & Johnson(PBR35) gets US FDA approval for DARZALEX® (daratumumab) in combination with bortezomib, thalidomide and dexamethasone (VTd) for newly diagnosed patients with multiple myeloma who are eligible for autologous stem cell transplant. $JNJ PR link.

Ally Financial(PBR294)’s Ally Invest online brokerage and wealth management unit to offer $0 commissions on US stock, ETF, and option trades starting 10/09/19. $ALLY PR link.

Activision Blizzard(PBR390)’s Call of Duty®: Mobile has surpassed 35 million downloads, faster than any other mobile First Person or Third Person Action games on App Store and Google Play. $ATVI PR link.

Hess(PBR444) to receive $275 million plus 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) upon HESM’s acquisition of Hess Infrastructure Partners, which is a 50/50 joint venture between Hess and Global Infrastructure Partners$HES PR link.

Equinix(PBR525) to acquire three data centers that serve the Mexico City and Monterrey metro areas of Mexico from Axtel S.A.B. de C.V. (BMV: AXTELCPO) for $175 million in an all-cash transaction, to close in 1Q20. $EQIX PR link.

Take-Two Interactive(PBR789)’s Rockstar Games® unit to release Red Dead Redemption 2 for PC on 11/05/19, with special bonuses available to players who pre-purchase through the Rockstar Games Launcher starting 10/09/19. $TTWO PR link.

The US Dept of Labor says the US September 2019 Civilian Labor Force Employed was at 164,039,000, +391,000 from August 2019, +2,200,000 from September 2018; Unemployed at 5,770,000, -274,000 from August 2019, -194,000 from September 2018; Unemployment Rate is at 3.5%, lowest since December 1969. USDOL PR link.

The US Dept of Commerce says the US August 2019 Exports-Goods was at $138.6 billion, Services $69.3 billion, Total $207.9 billion, YTD Total $1,655 billion; Imports-Goods were at $213.0 billion, Services $49.8 billiion, Total $262.8 billion; Total August 2019 Deficit was $54.9 billion, Total August 2018 Deficit was $54.9 billion; Total Deficit YTD 2019(8 months) was $428.7 billion, Total Deficit YTD 2018 was $401.1 billion. USDOL PR link.

***Thursday, October 3

Alphabet(PBR16)’s Google unit launches redesigned Google Shopping in the US. $GOOG PR link.

HP Inc(PBR54) to complete reduction of gross global headcount by 7,000-9,000 in fiscal 2022, authorizes additional $5 billion for share repurchase program, balance available is now around $6.7 billion. $HPQ PR link.

Macy’s(PBR114) to hire approximately 80,000 seasonal colleagues for its Macy’s and Bloomingdale’s stores, call centers and distribution and fulfillment centers for the 2019 holiday season, sets national hiring event on Thursday, 10/24/19, from 11am– 7pm, in local time zones. $M PR link.

Eli Lilly(PBR116) has requested the delisting of its shares (ISIN US5324571083) (“Lilly Shares”) from Euronext Paris due to the very low trading volume, costs and administrative requirements related to its secondary listing on Euronext Paris. $LLY PR link.

MGM Resorts(PBR256) reaches settlement agreement with plaintiffs over 10/01/17 shooting, settlement amount to be $735 million to $800 million, entire process to be completed by end of 2020. $MGM PR link.

Domtar(PBR499) to close its Ashdown, AR pulp and paper mill, and the Port Huron, MI paper mill, workforce to be reduced by around 100, will reduce the Company’s annual uncoated freesheet paper capacity by approximately 204,000 short tons. $UFS PR link.

Zoetis(PBR476) CEO Juan Ramón Alaix to retire effective 12/31/19, EVP & Group President Kristin Peck to be successor on 01/01/20. $ZTS PR link.

The US Dept of Commerce says the US Preliminary August 2019 Manufacturers’ New Orders-Durable Goods was at $250.7 billion, Non-Durable Goods $249.0 billion, Total $499.7 billion, -0.1% from July 2019, -2.4% from August 2018. USDOC PR link.

The Institute for Supply Management says the US September 2019 Non-Manufacturing Index(>50%=economy expanding) is at 52.6%, August 2019 was at 56.4%, July 2019 53.7%, September 2018 60.8%. ISM PR link.

IHS Markit says the US September 2019 Composite PMI Index is at 51.0, August 2019 was at 50.7, July 2019 52.6, September 2018 53.9. IHS Markit PR link.

***Wednesday, October 2

General Motors(PBR13 $GM) latest proposal to United Auto Workers met with counterproposal as strike by 49,000 continues into16th day. UAW PR link.

Alphjabet(PBR16)’s Google unit expands security options with Incognito Mode for Maps and Auto-Delete to YouTube. $GOOG PR link.

Microsoft(PBR19) announces 5 new Surface computer products and 2 dual-screen devices for its Holiday 2020 campaign. $MSFT PR link.

Johnson & Johnson(PBR35) Janssen unit does settlement agreement with the Ohio counties of Cuyahoga and Summit that resolves all of the counties’ claims with no admission of liability and removes the Company from the federal trial scheduled to begin 10/21/19, will pay $10 million plus $5 million to reimburse counties’ legal and other expenses, as well as $5.4 million of its charitable contributions to non-profit organizations in connection with opioid-related programs in these two counties. $JNJ PR link.

Tesla(PBR140) delivers 17,400 Model S/X and 79,600 Model 3s, a record total of 97,000, in 3Q19, achieved record net orders in 3Q19 and are entering 4Q19 with an increase in its order backlog, financial results to be released later. $TSLA PR link.

Charles Schwab(PBR304) is first major US stock broker to eliminate US & Canada stock, ETF and options commissions, effective 10/07/19, was $4.95 per trade, no minimum balance required. $SCHW PR link.

Blackstone(PBR424) to acquire 65% controlling interest in Great Wolf Resorts, the owner and operator of 18 family-oriented entertainment resorts around the US, transaction includes Blackstone and Centerbridge forming a new $2.9 billion joint venture to own the Company. $BX PR link.

Rockwell Automation(PBR436) and Schlumberger(PBR90) completes forming of 53/47 joint venture Sensia, the oil and gas industry’s first fully integrated digital oilfield automation solutions provider, will have 1,000 employees, anticipates $400 million in annual revenues, Rockwell made a $250 million cash payment to Schlumberger at closing. $ROK PR link.

TD Ameritrade(PBR500) becomes 2nd major US stock broker to eliminate commission fees for US & Canada online stock, ETF, and option trades, was $6.95 per trade, to be effective 10/03/19. $AMTD PR link.

E*Trade(PBR750) to eliminate retail commissions for online US listed stock, ETF, and options trades, effective 10/07/19. $ETFC PR link.

The Cheesecake Factory(PBR840) completes $308 million cash plus an additional $45 million due over the next four years acquisition of Phoenix, AZ based Fox Restaurant Concepts and the remaining interest in North Italia$CAKE PR link.

Splunk(PBR922) completes $1.05 billion 60% cash and 40% stock acquisition of SignalFx, an SaaS provider in real-time monitoring and metrics for cloud infrastructure, microservices and applications. $SPLK PR link.

GoPro(PBR992) announces $399 HERO8 Black and its performance-expanding $49.99-$79.99 Mods, along with $499 MAX, the company’s new dual-lens camera. $GPRO PR link.

ADP(PBR220) says the US Preliminary September 2019 Change in NonFarm Private Employment was at +135,000, August 2019 was +157,000, July 2019 +143,000, September 2018 +199,000; the Goods Producing Sector was +8,000, Services Sector +127,000. $ADP PR link.

Automotive News reports US September 2019 New Light Vehicle Sales were at 1,268,871, -12.0% from September 2018, Average Transaction Price is $34,709, +2.0% from September 2018, Average Loan Rate at 5.7%, September 2018 was at 5.8%. Automotive News PR link.

Salesforce(PBR237) forecasts record $136 billion in US online sales, a 13% increase over 2018, and $768 billion globally despite shortened holiday season. $CRM PR link.

***Tuesday, October 1

Ford(PBR12) forms a joint venture with Mahindra & Mahindra that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world. $F PR link.

Ford(PBR12) to take a material impairment charge of $800 million to $900 million related to fixed assets in its India Automotive operations, will be reflected in 3Q19 statements, will not result in any cash expenditures. $F PR link.

GE(PBR20) Chairman/CEO Larry Culp does a Q&A reviewing his 1st year at GE. $GE PR link.

CBRE(PBR142)’s Trammell Crow unit completes $4.41/share, $336.9 million cash acquisition of London, UK based multifamily residential properties developer with $1.66 billion in projects in the pipeline Telford Homes Plc (AIM:TEF)$CBRE PR link.

Ameriprise(PBR244) completes sale of De Pere, WI-based Ameriprise Auto & Home to Madison, WI-based American Family Insurance for approximately $1.135 billion in cash. $AMP PR link.

Bausch Health(PBR359) has filed a lawsuit against Sandoz Inc., a Novartis division, alleging patent infringement of 14 patents by Sandoz’s filing of its Abbreviated New Drug Application (ANDA) for XIFAXAN® (rifaximin) 550 mg tablets. $BHC PR link.

Mattel(PBR562) in partnership with the Natl Federation of the Blind introduces card game UNO Braille, enables blind and sighted to play together, retails for $9.99. $MAT PR link.

Boston Properties(PBR777) to own 55% and joint venture partner Canada Pension Plan Investment Board 45% for development of Platform 16, a 1.1 million sf Class A urban office campus on 5.4 acres near Diridon Station in downtown San Jose, CA. $BXP PR link.

Superior Energy(PBR873) authorizes up to $15 million share repurchase program, expires 03/31/20. $SPNV PR link.

SL Green Realty(PBR984) to sell 220 East 42nd Street, a 37 story art-deco building also known as The News Building, in Midtown Manhattan for $815.0 million, or approximately $715 per square foot, to close in 1Q20. $SLG PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Annual Rate for Construction-Residential is at $513.5 billion, Non-Residential $773.8 billion, Total $1.287 trillion, +0.1% from July 2019, -1.9% from August 2018. USDOC PR link.

The Institute for Supply Management says the US September 2019 Manufacturing PMI Index(<50=economy contracting) is at 47.8%, August 2019 was at 49.1%, July 2019 51.2%, September 2018 59.8%. “Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are continuing to closely match inventories to new orders. Prices decreased for the fourth consecutive month, but at a slower rate.” ISM PR link.

IHS Markit says the US September 2019 US Manufacturing PMI is at 51.1, August 2019 was at 50.3, July 2019 50.4, September 2018 55.6. “September PMI data indicated a marginally faster rate of improvement in the health of U.S manufacturing, though the overall picture remained one of a stuggling goods producing sector that has suffered its worst quarter since 2009. ” IHS Markit PR link.

The PurdueU/CME Group US September 2019 Ag Barometer Composite Index is at 121, August 2019 was at 124, July 2019 153, September 2018 114. “Although the barometer’s decline was small, there was a relatively large sentiment shift among ag producers as they were noticeably more pessimistic about current conditions on their farms and in the U.S. ag economy , but somewhat more optimistic about future economic conditions, both compared to one month earlier.” PurdueU PR link.

***Monday, September 30

The PBRMarketTools US Stock Exchanges Recap for September ending 09/30/19:

DJIA ends September 2019 at 26,916.83, +0.36% from last Friday, +1.95% MTD, +1.19% QTD, +15.39% YTD, -1.62% from record 27,359.16 set 07/15/19.

NASDAQ ends September at 7,999.34, +0.75% from last Friday, +0.46% MTD, -0.09% QTD, +20.56% YTD, -3.97% from record 8,330.21 set 07/26/19.

SPX ends September at 2,976.74, +0.50% from last Friday, +1.72% MTD, +1.19% QTD, +18.74% YTD, -1.62% from record 3,025.86 set 07/26/19.

The Month 9 of 2019 tally YTD is:
The Stock Market Bull: 7 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

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The PBR1000 September 2019 Breaking News Recap

The PBR1000 for September 2019: American Football Starts, It’s A Lot Like International Trade Negotiations.

PBR1000 Investing News

International Big Business is a lot like American football. You need to have excellent and powerful offenses and defenses.

By Larry C. Paxton

The September 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Monday, September 30

The PBRMarketTools US Stock Exchanges Recap for September ending 09/30/19:

DJIA ends September 2019 at 26,916.83, +0.36% from last Friday, +1.95% MTD, +1.19% QTD, +15.39% YTD, -1.62% from record 27,359.16 set 07/15/19.

NASDAQ ends September at 7,999.34, +0.75% from last Friday, +0.46% MTD, -0.09% QTD, +20.56% YTD, -3.97% from record 8,330.21 set 07/26/19.

SPX ends September at 2,976.74, +0.50% from last Friday, +1.72% MTD, +1.19% QTD, +18.74% YTD, -1.62% from record 3,025.86 set 07/26/19.

The September 2019 News Summary: The month ended with US/China trade negotiations scheduled to continue in October. The US Beige Book indicated modest expansion of the US economy. A week later the Federal Reserve Open Market Committee lowered the federal funds rate by 0.25% to 1.75-2.00%. Other US economic data indicates a contraction in manufacturing, but continued modest to moderate growth. In other international news Saudi Arabia oilfields were hit, evidence points to Iran, but repairs are expected to bring production up to previous levels soon. The UK Brexit is still a mess as new Prime Minister Boris Johnson’s efforts have not amounted to much and he is under heavy criticism. The Eurozone is implementing some quantitative easing. Back in the US some severe weather storms affected some coastal areas. But at the end of the month the biggest storm was the US House approving and then aggressively pursuing an impeachment inquiry against President Trump based on his conversations with Ukraine leadership. Overall, it was a good month for the US stock markets with The Stock Market Bull winning 3-0 over The Stock Market Bear who not able to take advantage of the political and international turmoil.

The Month 9 of 2019 tally YTD is:
The Stock Market Bull: 7 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

Walmart(PBR1 $WMT) takes on Amazon(PBR5 $AMZN) in India with enhancements to Flipkart’s ‘Big Billion Days’ MarketWatch PR link.

Fannie Mae(PBR22 $FNMA) and FreddieMac(PBR39 $FMCC) get approval by FHFA and US Treasury to retain capital up to $45 billion combined to minimize impact of an economic downturn. FHFA PR link.

Boeing(PBR28) forms new Product and Services Safety organization in addition to previously announced Aerospace Safety Committee to unify its approach to safety. $BA PR link.

Johnson & Johnson(PBR35)’s Janssen unit gets US FDA approval for a new indication for INVOKANA® (canagliflozin) to reduce the risk of end-stage kidney disease (ESKD), worsening of kidney function, cardiovascular (CV) death, and hospitalization for heart failure in adults with type 2 diabetes and diabetic kidney disease (nephropathy) with a certain amount of protein in the urine. $JNJ PR link.

HP Inc(PBR54) announces the HP Spectre x360 13, 13% smaller, 22 hour battery life, 2.8 lbs, available in 10/19 on HP.com, starts at $1,099. $HPQ PR link.

Dollar General(PBR111) opens its 16,000th store, located in Panama City, FL. $DG PR link.

Sempra Energy(PBR259) to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur, to China Yangtze Power International (Hong Kong) for $3.59 billion in cash. $SRE PR link.

Blackstone(PBR424) to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital(PBR790), for $5.9 billion, to close in 4Q19. $BX PR link.

Blackstone(PBR424) completes acquisition of San Francisco, CA based performance marketing platform for in-app video advertisements on mobile devices provider Vungle, used by publishers of more than 60,000 mobile apps worldwide, terms not disclosed. $BX PR link.

Colfax(PBR649) completes $1.80 billion sales of its Air and Gas Handling business to KPS Capital Partners$CFX PR link.

Gannett(PBR745) special stockholders meeting set for 11/14/19 to vote on $12.06/share $1.35 billion cash and stock acquisition by New Media Investment Group(NYSE: NEWM), to close by 12/31/19. $GCI PR link.

Genesco(PBR865) authorizes new up to $100 million share repurchase program. $GCO PR link.

Cabot Oil & Gas(PBR867) to sell its 20% interest in Meade Pipeline to a NextEra Energy Partners(NYSE: NEP) subsidiary for $256 million, to close in 4Q19. $COG PR link.

The US Dept of the Treasury says the US National Debt-Public on 09/27/19 is at $22.622 trillion, Intragovernmental Holdings $5.848 trillion, Total US Debt $22.622 trillion, +0.7% from 08/30/19, +3.0% from 12/31/18, +5.1% from 07/31/18. USTreasury PR link.

The US Dept of Treasury says the US 09/30/19 10 Year Treasury Note Yield is at 1.68%, 08/30/19 was at 1.50%, 07/31/19 2.53%, 09/30/18 3.05%. USTreasury PR link.

The US Dept of Commerce/BEA says the US Preliminary 2Q19 Net International Investment Position-Assets is at $28.009 trillion, Liabilities $38.565 trillion, for a Deficit $10.555 trillion, +3.9% from 1Q19, +18.5% from 2Q18. USDOC PR link.

The US Federal Reserve Bank of Chicago says the US 7th District Preliminary August 2019 Midwest Economy Index is at -0.26, July 2019 was at -0.37, June 2019 -0.29, August 2018 +0.29. “Index points to a pickup in Midwest economic growth in August.” ChiFed PR link.

MNI says the Chicago September 2019 Business Barometer(<50=Declining) is at 47.1, August 2019 was at 50.4, July 2019 44.4, September 2018 60.4. MNI PR link.

The American Automobile Assn says the US 09/30/19 Average Price Per Gallon of Regular Gas is at $2.654, 08/30/19 was at $2.580, 07/31/19 $2.721, 09/28/18 $2.875. AAA PR link.

***Friday, September 27

The PBRMarketTools US Stock Exchanges Recap for Week 39 ending 09/27/19:

DJIA ends Week 39 at 26,820.25, -0.43% from last Friday, +1.58% MTD, +0.83% QTD, +14.97% YTD, -1.97% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 39 at 7,939.63, -2.19% from last Friday, -0.29% MTD, -0.83% QTD, +19.66% YTD, -4.69% from record 8,330.21 set 07/26/19.

SPX ends Week 39 at 2,961.79, -1.01% from last Friday, +1.21% MTD, +0.68% QTD, +18.15% YTD, -2.12% from record 3,025.86 set 07/26/19.

The Week 39 News Summary: There was a new hot topic this week, the Impeachment Inquiry by the US House as they questioned President Trump’s conversation with Ukraine’s leader where he suggested an investigation into Joe Biden and his son Hunter, with both sides taking an aggressive posture. President Trump also gave a somewhat controversial speech at the UN regarding the purpose of a nation. There continue to be growing concerns about the slowing global economy, with the Eurozone prepared to take some actions. US economic news is also mixed, but still growing at a moderate and steady rate. The US Senate passed a spending bill that will take the government through 11/21/19. While The Stock Market Bull tried to turn Week 39 around on Wednesday, he was unsuccessful, and The Stock Market Bear prevailed for a second week in a row, winning 3-0.

The Week 39 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 6 weeks

Tesla(PBR140 $TSLA) unfairly fought union organizing and must reimburse employees, judge finds. MarketWatch PR link.

Mylan(PBR272) to pay $30 million fine to the US Securities and Exchange Commission over EpiPen® and EpiPen Jr® Auto-Injectors for purposes of the Medicaid Drug Rebate Program, Mylan neither admits nor denies the SEC’s allegations. $MYL PR link.

Herbalife(PBR535 $HLF) agrees to pay $20 million to settle charges with the US Securities and Exchange Commission that it made false and misleading statements about its China business model in numerous US regulatory filings over a six-year period. SEC PR link.

Ametek(PBR537) to acquire Pleasanton, CA based $180 million in annual sales instrumentation and software used to enhance and extend the operation and performance of electron microscopes manufacturer Gatan from Roper Technologies(PBR517) for $925 million cash, to close in 4Q19. $AME PR link.

Wells Fargo(PBR29) hires Charles W. Scharf as President/CEO and member of the Board, to be effective 10/21/19. $WFC PR link.

Pfizer(PBR59) Executive Chairman Ian Read to retire on 12/31/19, CEO Albert Boura to also become Chairman on 01/01/20. $PFE PR link.

BNY Mellon(PBR185) Chairman/CEO Charles W. Scharf to become President/CEO of Wells Fargo(PBR28), Todd Gibbons appointed Interim CEO and member of the Board. $BK PR link.

The US Dept of Commerce/BEA says the US Preliminary August 2019 Personal Income Annual Rate is at $18.773 trillion, +0.4% from July 2019, +6.2% from August 2018, Personal Savings Rate is at +8.1%, Effective Tax Rate +11.7%. USDOC PR link.

The Conference Board says the US Final September 2019 Consumer Sentiment Index is at 93.5, August 2019 was at 89.8, July 2019 98.4, September 2018 100.1. TCB PR link.

***Thursday, September 26

ExxonMobil(PBR2) to sell its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021, to Vår Energi AS, to close in 4Q19. $XOM PR link.

Lockheed(PBR59) authorizes up to an additional $1.0 billion share repurchase program, balance available now is around $3.3 billion. $LMT PR link.

Abbott(PBR99) gets US FDA approval for its Proclaim XR™ recharge-free neurostimulation system for people living with chronic pain. $ABT PR link.

NGL Energy(PBR120) to acquire all of the equity interests of producer of water pipeline and disposal infrastructure solutions to some in the New Mexico and Texas producers Hillstone Environmental Partners from Golden Gate Capital for approximately $600 million, to close by 12/31/19. $NGL PR link.

WellCare Health Plans(PBR151) to sell its Missouri and Nebraska Medicaid plans to Anthem(PBR33) to meet US regulatory requirements for its $305.39/share cash & stock, $17.3 billion acquisition by Centene(PBR50), to close in 1H20. $WCG PR link.

Blackstone(PBR424) completes $18.7 billion acquisition of assets from three of GLP’s US funds, totals 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing US industrial footprint. $BX PR link.

Skechers(PBR549) says that since 2016 it has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable. $SKX PR link.

Superior Energy(PBR873) gets delisting notice from NYSE for low stock prices, common stock to start trading on 09/27/19 on the OTC exchange with ticker SPNV, plans to appeal decision. $SPN PR link.

Becton Dickenson(PBR192) Chairman/CEO Vincent Forlenza to step down as CEO, become Executive Chairman, President/COO Thomas E. Polen to become CEO, to be effective 01/28/20. $BDX PR link.

The US Dept of Commerce/BEA says the US 2Q19 3rd Estimate Gross Domestic Product Annual Growth Rate remains at +2.0%, $21.340 trillion, +1.1% from 1Q19, +4.1% from 2Q18. USDOC PR link.

The US Dept of Labor says the US 4 Week Moving Average Initial Unemployment Insurance Claims for the Week Ending 09/20/19 was at 212,000, -1.2% from 08/24/19, +2.8% from 09/22/18. USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Mortgage Rate on 09/26/19 is at 3.64% with 0.6 points/fees, 08/29/19 was at 3.58%, 07/25/19 3.75%, 09/27/18 4.72%. $FMCC PR link.

The Kaiser Family Foundation says the annual family premiums for employer-sponsored health insurance rose 5% to average $20,576 this year, with employers covering 71% of the cost, workers wages rose 3.4% and inflation 2% over the same time. KFF PR link.

***Wednesday, September 25

Amazon(PBR5) announces Certified for Humans, a new program to help find products that are tested to be simple to setup and work dependably with Alexa, and new devices like the 4-in-1 Amazon Smart Oven$AMZN PR link.

Amazon(PBR5 $AMZN) launches Amazon Care pilot health care program for Seattle area employees with virtual, in-home options. MarketWatch PR link.

Marathon Petroleum(PBR31 $MPC) is sent letter by activist investor Elliott Management recommending MPC split into 3 companies to increase shareholder value. Elliott Management PR link.

Marathon Petroleum(PBR31) responds to letter from activist investor Elliott Management, says how it has done a good job for shareholders, will thoroughly evaluate Elliott’s proposal. $MPC PR link.

Philip Morris(PBR36) and Altria(PBR112) end merger discussions, each will focus on IQOS heated tobacco product. $PM PR link.

Facebook(PBR56) introduces hand tracking on Oculus Quest, announces Facebook Horizon for creating VR worlds. $FB PR link.

Best Buy(PBR70) sets financial targets for 2025, includes $50 billion in enterprise revenue, $1 billion of additional cost reductions and efficiencies. $BBY PR link.

Abbott(PBR99) gets US FDA clearance for ARCHITECT STAT High Sensitivity Troponin-I blood test, could help identify heart attacks several hours sooner than standard troponin tests and help improve diagnosis in women. $ABT PR link.

VF Corp(PBR229) expects to generate approximately $8 billion of free cash flow on a cumulative basis between fiscal 2020 and fiscal 2024 and intends to return $10 billion to shareholders through dividends and share repurchases. $VFC PR link.

Mattel(PBR562) announces the global unveil of Creatable World™, a customizable doll line offering endless combinations all in one box, consists of six different doll kits that are available in a variety of skin tones, retail price $30. $MAT PR link.

Tailored Brands(PBR694) gets multiyear partnership with the National Hockey League (NHL®),first partnership with the NHL, hockey fans will be able to customize their suits, sport coats, formal jackets and vests with linings from their favorite NHL teams by visiting any Men’s Wearhouse and Jos. A. Bank stores throughout the U.S. and Moores stores across Canada. $TLRD PR link.

eBay(PBR285)‘s Devin Wenig steps down as President/CEO and Board member, SVP/CFO Scott Schenkel appointed Interim CEO, internal/external new CEO search starts. $EBAY PR link.

The US Dept of Commerce/HUD says the US Preliminary August 2019 New Family Homes for Sale Annual Rate is at 713,000 units, +7.1% from July 2019, +18.0% from August 2018; Median Price is at $328,400, +7.5% from July 2019, +2.2% from August 2018; Months Supply at 5.5USDOC PR link.

The US Energy Information Administration says the US Crude Oil Stocks on 09/20/19 were at 419.5 million barrels of oil, -1.9% from 08/23/19, +5.9% from 09/21/18. USEIA PR link.

***Tuesday, September 24

Alphabet(PBR16 $GOOG)’s Google unit apologizes, promises to give users more control over how and when it stores voice recordings. MarketWatch PR link.

Sprint(PBR89) being investigated by the US Federal Communications Commission for violations of the Lifeline program for low income people, claims Sprint received public payments for 850,000 inactive users, FCC says it jeopardizes merger with T-Mobile US(PBR68)$S PR link.

Fluor(PBR158) announces strategic plan to sell its construction equipment rental company (AMECO) and its government business, and to monetize surplus real estate and non-core investments, anticpates $1+ billion in aggregate proceeds. $FLR PR link.

HD Supply(PBR470) intends to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies, to be completed by mid 2020. $HDS PR link.

Bloomin’ Brands(PBR602) kicks off exclusive partnership with DoorDash with a free 6 oz. Outback Center-cut Sirloin and a side give-away, with a minimum $20 purchase, 10,000 per day for 5 days, 09/25-29/19. $BLMN PR link.

Vail Resorts(PBR886) completes $11.00/share, around $264 million all stock acquisition of $60 million revenues in 12 months ending 07/31/19 Peak Resorts(NASDAQ: SKIS), adds 17 US ski areas to its network. $MTN PR link.

Fortune Brands(PBR497) CEO Christopher Klein to become Executive Chairman, President/COO Nick Fink to become CEO, current Chairman David Thomas to become Lead Independent Director, all on 01/06/20. $FBHS PR link.

The Conference Board says the US Preliminary September 2019 Consumer Confidence Index(1985=100) is at 125.1, August 2019 was at 134.2. “The escalation in trade and tariff tensions in late August appears to have rattled consumers. However, this pattern of uncertainty and volatility has persisted for much of the year and it appears confidence is plateauing. While confidence could continue hovering around current levels for months to come, at some point this continued uncertainty will begin to diminish consumers’ confidence in the expansion.” TCB PR link.

The S&P CoreLogic Case-Shiller US July 2019 National Home Price Index(Jan2000=100) is at 211.72, June 2019 was at 210.90, May 2019 209.69, Dec 2018 204.95, Dec 2017 196.02. Case-Shiller PR link.

The US Federal Reserve Bank of Richmond says the US 5th District September 2019 Manufacturing Index(Annualized) is at -9%, August 2019 was at +1%, July 2019 -12%, September 2018 +26%. “Firms … reported a drop in backlog of orders and weakening local business conditions but were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the US 5th District September 2019 Service Sector Revenue Index(Annualized) is at +6%, August 2019 was at +6%, July 2019 +11%, September 2018 +18%. “… growth of prices paid continued to outpace that of prices received. However, firms expected the gap to narrow in the coming months.” RichmondFed PR link.

***Monday, September 23

Apple(PBR3)‘s new Mac Pro to be made in Austin, TX, will include components designed, developed and manufactured by more than a dozen American companies for distribution to US customers. $AAPL PR link.

Amazon(PBR5) announces plans for a new 1-million sf fulfillment centre in Scarborough, Toronto, Canada, will create 600+ full-time jobs with comprehensive benefits. $AMZN PR link.

Alphabet(PBR16)’s Google unit announces new subscription service, Google Play Pass, $1.99/mo for 12 months introductory price, $4.99/mo thereafter, includes 350 mobile apps and games without ads. $GOOG PR link.

Dow(PBR50) to receive around $1.08 billion from Canadian court decision against Nova Chemicals for damages Dow incurred through 2012 related to the companies’ jointly-owned ethylene asset in Joffre, Alberta, Canada. $DOW PR link.

Facebook(PBR56 $FB) to buy startup CTRL-Labs that lets humans control computers with their brains. MarketWatch PR link.

American Express(PBR74) authorizes up to 120 million share repurchase program, replaces the 41 million shares of common stock remaining from the previous board authorization in 2016. $AXP PR link.

Bristol-Myers Squibb(PBR132) extends expiration date of the offers to exchange the Celgene(PBR204) notes for up to $19,850,000,000 from 09/30/19 to 10/15/19, 5:00PM NYC time. $BMY PR link.

PG&E(PBR177) signs agreement to resolve all insurance subrogation claims arising from the 2017 Northern California wildfires and 2018 Camp Fire, reached with entities representing approximately 85% of insurance subrogation claims, formalizes the $11 billion agreement in principle announced last week. $PCG PR link.

Viacom(PBR241) acquires Seinfeld comedy series from Sony Pictures Television, includes exclusive cable rights for all 180 episodes beginning in 10/21. $VIA PR link.

Caesars Entertainment(PBR358) to sell the Rio All-Suite Hotel & Casino to Imperial Companies for $516.3 million, Caesars will continue to operate the property under a $45 million lease/year for at least 2 years, to close in 4Q19. $CZR PR link.

Hershey(PBR381) completes $397 million acquisition of maker of a line of low-sugar, high-protein nutrition bars ONE Brands$HSY PR link.

Wyndham Destinations(PBR616) and Caesars Entertainment(PBR358) extend their marketing partnership to 2030. $WYND PR link.

The US Federal Reserve Bank of Chicago says the US Preliminary August 2019 National Activity Index is at +0.10, July 2019 was at -0.41, June 2019 +0.13, August 2018 +0.46. ChiFed PR link.

***Friday, September 20

The PBRMarketTools US Stock Exchanges Recap for Week 38 ending 09/20/19:

DJIA ends Week 38 at 26,935.07, -1.05% from last Friday, +2.01% MTD, +1.26% QTD, +15.47% YTD, -1.55% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 38 at 8,117.67, -0.72% from last Friday, +1.94% MTD, +1.39% QTD, +22.34% YTD, -2.55% from record 8,330.21 set 07/26/19.

SPX ends Week 38 at 2,992.07, -0.51% from last Friday, +2.24% MTD, +1.71% QTD, +19.36% YTD, -1.12% from record 3,025.86 set 07/26/19.

The Week 38 News Summary: The saga continues over the US/China trade negotiations as mixed signals ended the week with talks scheduled, but a trip to Montana cancelled by some Chinese officials. Early in the week Saudi Arabia oil fields are hit by drone strikes with initial analysis indicating Iran was involved, more sanctions were placed on the Iran central banks, there might be a military response, Saudi Arabia says the hit oilfields should be back at full production by the end of the month. Economic news continued to show moderate but slowing growth for the US, and more so globally. The Federal Reserve Open Market Committee lowered the federal funds rate by 0.25% to 1.75%-2.00%. Many General Motors plants were idled as a strike by 50,000 GM workers continued throughout the week. There was not much volatility in the US stock exchanges and the week could have gone either way going into Friday. But the China delegation trip cancellation tipped the scales and The Stock Market Bull lost his 3 week win momentum to The Stock Market Bear who growled tauntingly when the US stock exchanges closed and he had secured the 3-0 victory.

The Week 38 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 13 weeks
Mixed Results: 6 weeks

Walmart(PBR1 $WMT) stop selling all e-cigarettes in its US stores after it winds down its current inventory of e-cigarettes, citing regulatory uncertainty around the vaping devices. MarketWatch PR link.

Merck(PBR71) gets US FDA approval for PIFELTRO™ (in combination with other antiretroviral agents) and DELSTRIGO™ (as a complete regimen) that expand their indications to include adult patients with HIV-1 infection who are virologically suppressed. $MRK PR link.

Starbucks(PBR115 $SBUX) launches a new store format, Starbucks Pickup, that will be exclusively for Rewards members who use the mobile-order-and-pay option. MarketWatch PR link.

Alcoa(PBR234) announces that the United Steelworkers have ratified a new 4 year labor agreement, covering approximately 1,700 active employees at five U.S. locations. $AA PR link.

NVR(PBR405) to move from the S&P MidCap 400 to the S&P 500, to replace Jefferies Financial(PBR635) who will be moved to the S&P MidCap 400, effective 09/26/19. -S&P $NVR PR link.

McDermott Intl(PBR433) to explore strategic alternatives for its licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering Lummus Technology unit, recently received unsolicited approach for all or part of the unit with valuation exceeding $2.5 billion. $MDR PR link.

Post Holdings(PBR460) to spin off its Active Nutrition business, which markets and distributes ready-to-drink protein and other beverages, protein powders, nutrition bars and other nutritional supplements under the Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice brands, to be called BellRing Brands, IPO expected to be completed in Fall 2019. $POST PR link.

TransDigm(PBR630) completes divestiture of its Esterline Interface Technologies group of businesses to an affiliate of KPS Capital Partners for approximately $190 million, expects to complete divestiture of the Souriau-Subank Connection Technologies business to Eaton Corp(PBR139) during 4Q19. $TDG PR link.

The US Federal Reserve says that the US Preliminary 2Q19 Total Net Worth of Households and Non-Profits is at $113.463 trillion, +1.7% from 1Q19, +4.9% from 2Q18. USFed PR link.

***Thursday, September 19

Amazon(PBR5) co-founds The Climate Pledge, commits to net zero carbon by 2040 and 100% renewable energy by 2030, orders 100,000 fully-electric delivery vehicles. $AMZN PR link.

Walgreens Boots Alliance(PBR17 $WBA) and FedEx(PBR43 $FDX) to use Alphabet(PBR15 $GOOG)’s Wing company to test drone delivery services for residents of Christiansburg in Virginia’s New River Valley. Wing PR link.

Target(PBR38) authorizes a new $5 billion share repurchase program, will begin repurchasing shares under this new authorization upon completion of the current $5 billion program, which is expected to occur in the 2020 fiscal year. $TGT PR link.

Tesla(PBR140) gets Insurance Institute for Highway Safety 2019 IIHS TOP SAFETY PICK+ vehicle, the highest achievement awarded by the Institute, for the Tesla Model 3. $TSLA PR link.

Western Digital(PBR149) to sell its IntelliFlash™ business to DDN, DDN to increase its purchase of Western Digital’s HDD and SSD storage devices, part of Western Digital’s strategic intention to exit Storage Systems, terms not disclosed. $WDC PR link.

Dominion Energy(PBR235) proposes 2,600 megawatts of wind energy by 2026 off Virginia coast, 220+ wind turbines would power 650,000 homes. $D PR link.

Navistar(PBR297) making a capital investment of more than $250 million to build a new manufacturing facility in San Antonio, TX, will create around 600 jobs. $NAV PR link.

Darden Restaurants(PBR349) authorizes new up to $500 million share repurchase program, no expiration date, replaces current authorization. $DRI PR link.

Marvell Technology(PBR751) completes $13.25/share, $452 million acquisition of high speed networking in a broad range of applications from enterprise campuses to autonomous cars multi-gig technology pioneer Aquantia(NYSE: AQ)$MRVL PR link.

TEGNA(PBR864) completes $740 million in cash acquisition of 11 local television stations, including eight Big Four affiliates, from Nexstar Media(PBR768)$TGNA PR link.

KeyCorp(PBR397) Chairman/CEO Beth Mooney to retire on 05/01/20, Chris Gorman appointed President/COO, to be Chairman/CEO upon Mooney’s retirement. $KEY PR link.

The US Dept of Commerce/BEA says that the US Preliminary 2Q19 Exports were at $943.0 billion, Imports $1,071.1 billion, for a Deficit of $128.2 billion, -5.9% from 1Q19, +19.5% from 2Q18. USDOC PR link.

The Natl Assn of Realtors says the US Preliminary August 2019 Existing Home Sales Annual Rate is at 5,490,000, +1.3% from July 2019, +2.6% from August 2018; Median Home Price was at $278,200, -0.2% from July 2019, +4.7% from August 2018; Median Time On Market is at 31 days. NAR PR link.

The Conference Board says the US Preliminary August 2019 Leading Economic Index(2016=100) is at 112.1, July 2019 was also at 112.1, June 2019 111.7, August 2018 111.3. “The recent trends in the LEI are consistent with a slow but still expanding economy, which has been primarily driven by strong consumer spending and robust job growth.” TCB PR link.

The US Federal Reserve Bank of Philadelphia says the US 3rd District September 2019 Manufacturing General Activity Indicator is at +12.0, August 2019 was at +16.8, July 2019 +21.8, September 2018 +21.4. “Although most future indexes moderated this month, the firms continue to expect increases in activity and employment over the next six months.” PhillyFed PR link.

***Wednesday, September 18

Amazon(PBR5) says it has received over 208,000 online applications for roles in the US since announcing Career Day. $AMZN PR link.

Amazon(PBR5) announces PayCode service in the US, allows customers to choose Amazon PayCode at checkout and then pay for their purchase in cash at one of 15,000 Western Union(PBR488) locations, items ship once customers pay for their purchase in person at a participating Western Union location. $AMZN PR link.

Microsoft(PBR25) authorizes new up to $40 billion share repurchase program, has no expiration date. $MSFT PR link.

Johnson & Johnson(PBR35)’s Janssen unit gets US FDA approval for ERLEADA® (apalutamide) for the treatment of patients with metastatic castration-sensitive prostate cancer (mCSPC). $JNJ PR link.

Facebook(PBR56) is expanding its Portal family of home video-calling devices with three new models: Portal for $179, Portal Mini for $129 and Portal TV for $149 with bundle for any two for $50 off. $FB PR link.

Tyson(PBR75) launches a new line of functional refrigerated protein snacks under its new brand, Pact®. $TSN PR link.

Sprint(PBR89) announces a 12-year virtual power purchase agreement for 173.3 megawatts from the 182-MW Maryneal Windpower project located in Nolan County, TX, which will be built, owned and operated by Duke Energy(PBR117) Renewables unit, to be online in 2020. $S PR link.

Capital One(PBR93) and Walmart(PBR1 $WMT) introduce the Capital One co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, features include 5% back for purchases made on Walmart.com. $COF PR link.

Northrop Grumman(PBR103) reorganizing into 4 operating sectors, Aeronautics Systems, Defense Systems, Mission Systems and Space Systems, effective 01/01/20. $NOC PR link.

CenturyLink(PBR156) gets new agreement with the Communications Workers of America (CWA) District 7 members through 04/23, covers 8,000 employees in 13 states. $CTL PR link.

Realogy(PBR468) launches RealVitalize in partnership with HomeAdvisor, allows home sellers to utilize HomeAdvisor for non-structural home improvements which are paid upon sale of the house. $RLGY PR link.

Herbalife(PBR534) announces 3 year partnership with Tencent, China’s leading internet and technology company, to help independent distributors more effectively sell products online. $HLF PR link.

Global Payments(PBR678) completes $21.5 billion all-stock merger of equals with TSYS(PBR607), name remains Global Payments. $GPN PR link.

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

The US Federal Reserve Open Market Committee lowers the federal funds rate by 0.25% to 1.75%-2.00%, says that since the previous meeting in July 2019 “the labor market remains strong and that economic activity has been rising at a moderate rate.” FOMC PR link.

The US Dept of Commerce/HUD says the US Preliminary August 2019 Housing Permits Issued Annual Rate was at 1,419,000 units, +7.7% from July 2019, +12.0% from August 2018. USDOC PR link.

***Tuesday, September 17

Apple(PBR3) awards an additional $250 million from Advanced Manufacturing Fund to Corning(PBR269), the supplier of precision glass for iPhone, Apple Watch and iPad. $AAPL PR link.

Amazon(PBR5) launches Amazon Music HD, a new tier of premium quality music with more than 50 million songs in High Definition, and millions of songs in Ultra High Definition, the highest quality streaming audio available, for $12.99/month for Prime members and $14.99/month for Amazon customers, or an additional $5/month for current subscribers. $AMZN PR link.

Comcast(PBR32)’s NBCUniversal unit announces Peacock TV streaming service, to be available in 04/20, will have over 15,000 of content, be used during the 2020 Summer Olympics, pricing to be announced later. $CMCSA PR link.

CDW(PBR188 $CDW) to become member of S&P 500 on 09/23/19, will replace soon to be acquired TSYS(PBR608)S&P500 PR link.

Masco(PBR360) authorizes new up to $2 billion share repurchase program, cancels previous program. $MAS PR link.

Raymond James(PBR401 $RJF) per settlement with the US Securities and Exchange Commission to pay $15 million in fines for improperly charging retail investors. SEC PR link.

Chipotle(PBR535) introduces new steak option, carne asada, to be available nationwide 09/19/19. $CMG PR link.

KLA Corp(PBR606) authorizes up to $1 billion share repurchase program, is in addition to current program which has $859 million remaining as of 06/30/19. $KLAC PR link.

The US Dept of Labor says the US 2Q19 Employer Costs for Employees Compensation-Salaries & Wages averages $25.12/hour, Benefits $11.48/hour, Total $36.61/hour, -0.5% from 1Q19, +1.1% from 2Q18. USDOL PR link.

The US Federal Reserve says the US Preliminary August 2019 Manufacturing % of Capacity is at 77.9%, July 2019 was at 77.5%, June 2019 77.8%, August 2018 78.5%, Growth Over Previous Year +2.2%USFed PR link.

The Natl Assn of Home Builders says the US Preliminary September 2019 Housing Market Composite Index is at 68, the highest in 2019 so far, August 2019 was at 67, July 2019 65, September 2018 67. “Low interest rates and solid demand continue to fuel builders’ sentiments even as they continue to grapple with ongoing supply-side challenges that hinder housing affordability, including a shortage of lots and labor …” NAHB PR link.

PNC Financial(PBR176) Small and Mid-Size Business Owners Survey shows 55% of respondents remain optimistic about their business, a near record high, 67% do not expect a recession in 2019, 33% expect to hire more fulltime employees within the next 6 months, highest since Spring 2005. “U.S. economic fundamentals remain solid, despite slower economic growth and the ongoing trade war between the United States and China …” $PNC PR link.

***Monday, September 16

Amazon(PBR5) announces expansion of its Chicago Tech Hub, plans to create 400 new tech jobs in fields including cloud computing, advertising, and business development. $AMZN PR link.

General Motors(PBR13 $GM) contracts with United Auto Workers expire, 4 year contract being negotiated, 50,000 GM workers go on strike, first strike since 2 day strike in 2007. MarketWatch PR link.

GE(PBR19)’s Baker Hughes company closes secondary offering of 132.25 million shares of BHGE Class A common stock held by GE which now no longer holds a controlling interest in BHGE, in near future to change name to Baker Hughes Corp, ticker symbol BKR. $BHGE PR link.

Energy Transfer(PBR58) to acquire midstream oil and gas transportation provider SemGroup(PBR813) for $17/share cash and stock, around $5 billion, includes debt, to close late 4Q19/early 1Q20. $ET PR link.

Qualcomm(PBR131) completes acquisition of the remaining interest in RF360 Holdings Singapore, a joint venture with TDK Corporation (TSE:6762), for around $3.1 billion. $QCOM PR link.

Parker Hannifin(PBR214) completes $1.725 billion acquisition of privately held Kent, WA based designer and manufacturer of high temperature, high pressure air and exhaust management solutions for aircraft and engines, with annual sales of approximately $450 million and 1,600 team members across three US locations Exotic Metals Forming Co$PH PR link.

Weyerhaeuser(PBR393) to sell its 555,000 acres of Michigan timberlands to an affiliate of The Lyme Timber Company LP, for $300 million in cash. $WY PR link.

Timken(PBR657) to acquire Pegnitz, Germany based estimated $135 million in revenues in 2019 automatic lubrication systems developer BEKA Lubrication for around $165 million, to close in 4Q19. $TKR PR link.

Marvell Technology(PBR751) to pay $5.5 million to settle SEC charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued revenue guidance. $MRVL PR link.

SeaWorld(PBR972)‘s Gustavo Antorcha resigns as CEO and Board member, CFO Marc Swanson appointed Interim CEO. $SEAS PR link.

The Federal Reserve Bank of New York says the US Empire State September 2019 Manufacturing General Business Conditions Index is at +2.0, August 2019 was at +4.8, July 2019 +4.3, September 2018 +18.8. “Indexes assessing the six-month outlook indicated that optimism about future conditions deteriorated noticeably, and capital spending plans weakened markedly.” NYFed PR link.

***Friday, September 13:

The PBRMarketTools US Stock Exchanges Recap for Week 37 ending 09/13/19:

DJIA ends Week 37 at 27,219.52, +1.58% from last Friday, +3.09% MTD, +2.33% QTD, +16.68% YTD, -0.51% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 37 at 8,176.71, +0.91% from last Friday, +2.69% MTD, +2.13% QTD, +23.23% YTD, -1.84% from record 8,330.21 set 07/26/19.

SPX ends Week 37 at 3,007.39, +0.96% from last Friday, +2.77% MTD, +2.23% QTD, +19.97% YTD, -0.61% from record 3,025.86 set 07/26/19.

The Week 37 News Summary: As the week progressed US/China trade took on a more conciliatory and calmer demeanor as new talks were scheduled and some tariffs delayed. US economic data was generally good, with jobs reports, PPI, and CPI numbers indicating continued modest growth and no imminent recession. However, there was some concern over the growing budget deficit which going into the final month now exceeds $1 trillion this fiscal year. Damage from Hurricane Dorian was not as extensive as predicted as it crawled up the East Coast. While not a dramatic week it was nevertheless more somber as the 18th anniversary of 9/11 was observed. With no major drama to wake up The Stock Market Bear it became easy for The Stock Market Bull to dominate all major US stock exchanges and take Week 37 3-0, the 3rd winning week in a row, as new record highs came into view.

The Week 37 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

US Foods(PBR119) completes $1.8 billion cash acquisition of Services Group of America‘s $3.2 billion in sales/2017 3,400 employees Food Group of Companies, includes 5 operating units. $USFD PR link.

PG&E(PBR178) agrees in principle with entities representing approximately 85 percent of insurance subrogation claims to an $11 billion settlement to resolve all such claims arising from the 2017 Northern California wildfires and 2018 Camp Fire, subject to approval of the court per filing of Chapter 11 bankruptcy. $PCG PR link.

Pyxus(PBR923) issues statement in response to US Health & Human Services announcement on non-tobacco flavored e-cigarette products, says its products are for adult use only, focus should be on education, not banning flavored products. $PYX PR link.

Conn’s(PBR954) opens 656,658 sf, multistate logistics distribution center in Houston, TX. $CONN PR link.

WW(PBR957) will be changing its legal name from Weight Watchers International, Inc. to WW International, Inc. effective 09/29/19. $WW PR link.

Apple(PBR3) Board member Walt Disney(PBR52) CEO Bob Iger resigns. $AAPL PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Sales-Manufacturers was at $504.0 billion, Retailers $459.3, Wholesalers $499.6 billion, Total $1,462.9 billion, +0.3% from June 2019, +1.3% from July 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance August 2019 Sales-Retail was at $462.0 billion, Food Services & Drinking Places $64.1 billion, Total $526.1 billion, +0.4% from July 2019, +4.1% from August 2018. USDOC PR link.

The US Dept of Labor says the US Preliminary August 2019 Import Prices were -0.5%, Last 12 Months -2.0%, Export Prices were -0.6%, Last 12 Months -1.4%. USDOL PR link.

The U of Michigan US Preliminary September 2019 Consumer Sentiment Index is at 92.0, August 2019 was 89.8, July 2019 98.4, September 2018 100.1. “The outlook for consumption is for a slower but positive growth, keeping the expansion going for another year.” UMichigan PR link.

***Thursday, September 12:

Walmart(PBR1) to expand the reach of Delivery Unlimited – a Grocery Delivery membership option for customers – to 1,400 stores in 200 markets later this fall, gives customers the option to pay a yearly $98 fee or a monthly $12.95 fee to receive unlimited Walmart Grocery Delivery orders, non-membership pay per delivery option also available. $WMT PR link.

Amazon(PBR5) to open its Regional Air Hub at the Fort Worth Alliance Airport 10/29, will create 300 jobs. $AMZN PR link.

Alphabet(PBR15 $GOOG)’s Google unit is paying more than $1 billion in fines and back taxes to settle a pair of tax disputes in France, where it has faced years of investigations into whether it has properly declared all of its activity in the country. Wall Street Journal PR link.

GE(PBR19) announces tender offers to purchase up to $5 billion of its existing debt. $GE PR link.

Kroger(PBR20) and partner Ocado to open 5th online grocery Customer Fulfillment Center, to be located in Dallas, TX area, will create around 400 jobs. $KR PR link.

Gap Inc(PBR182) gives presentation about Old Navy unit, plans to add 860 stores for a total of around 2,000 after spinoff. $GPS PR link.

Tapestry(PBR474) announces a strategic partnership with Alibaba’s Tmall, China’s largest B2C ecommerce platform, marks a step forward in Tapestry’s ChinaNext digital innovation agenda. $TPR PR link.

The US Dept of Treasury says the US August 2019 Federal Government Receipts were $228.0 billion, Outlays $428.3 billion, for a Deficit of $200.3 billion, Fiscal Year To Date Receipts(11 Months) were at $3.088 trillion, Outlays $4.155 trillion, FYTD Deficit 2019 $1.067 trillion, FYTD Deficit 2018 was at $898.1 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary August 2019 Employee Current Average Earnings Per Hour are at $28.11, Average Hours Worked Per Week at 34.4, Total Weekly Earnings $966.98, +0.7% from July 2019, +2.9% from August 2018. USDOL PR link.

The US Dept of Labor says the US August 2019 Consumer Price Index-All Items is at +0.1%, July 2019 was at +0.3%, June 2019 +0.1%, August 2018 +0.1%, Last 12 Months +1.7%. USDOL PR link.

***Wednesday, September 11:

MasterCard(PBR208) and enterprise blockchain software provider R3 to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard. $MA PR link.

Wolverine World Wide(PBR859) approves a new, four-year share repurchase program, authorizing up to $400 million in share repurchases that is incremental to the remaining balance of the Company’s share repurchase program that was authorized in 02/19. $WWW PR link.

Oracle(PBR78) Co-CEO Mark Hurd will take a leave of absence for health related reasons, Co-CEO Safra Catz and Executive Chairman/Founder Larry Ellison to cover his responsibilities. $ORCL PR link.

DXC Technology(PBR148) Chairman/President/CEO Mike Lawrie retires as President/CEO, remains Chairman, will retire on 12/31/19, Mike Salvino elected President/CEO, effective immediately. $DXC PR link.

Sanmina(PBR410) elects President/COO Hartmut Liebel as CEO, effective 09/30/19, will succeed Michael Clarke who remains in an advisory role. $SANM PR link.

The US Dept of Labor says the US Preliminary August 2019 Producer Price Index-Final Demand Goods was -0.5%, Final Demand Services +0.3%, Total +0.1%, Last 12 Months +1.8%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Wholesale Sales-Durables was at $238.7 billion, Non-Durables $260.9 billion, Total $499.6 billion, +0.3% from June 2019, +0.0% from July 2018. USDOC PR link.

***Tuesday, September 10:

Apple(PBR3) announces new dual camera iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, Apple Watch Series 5, new iPad version, Apple Arcade, announces launch of Apple TV+ on 11/01/19. $AAPL PR link.

Ford(PBR12) announces new electric options vehicles in Germany, expects 50%+ cars sold in Europe by end of 2022 to be electrified. $F PR link.

GE(PBR19) to sell 105 million shares of Baker Hughes(NYSE: BHGE), a GE company, Class A common stock in a secondary offering, will no longer have a controlling interest in BGHE. Baker Hughes PR link.

Target(PBR38) to hire around 125,000 seasonal team members for stores, and 8,000 for distribution and fulfillment centers, hourly wages start at $13.00. $TGT PR link.

CarMax(PBR168) will create 430 new jobs for its new Customer Experience Center opening in Tempe, AZ, in 12/19. $KMX PR link.

JCPenney(PBR260) introduces St. John’s Bay® Outdoor lifestyle apparel for men, includes rugged shirts, jackets and pants. $JCP PR link.

Baxter(PBR278) to acquire non-invasive hemodynamic monitoring technologies provider Cheetah Medical for $190 million upfront plus $40 million based on milestone achievements, to close in 4Q19. $BAX PR link.

Fifth Third Bancorp(PBR374) gets US approval to convert from an Ohio state-chartered bank to a national bank. $FITB PR link.

Fidelity Natl Financial(PBR390) terminates $50.00/share in cash/stock, equity value of $1.2 billion acquisition of title insurance company Stewart Information Services(PBR906) due to the US Federal Trade Commission‘s issuance of an administrative complaint seeking to block the merger. Fidelity to pay Stewart a $50 million termination fee. $FNF PR link.

YUM!(PBR484 $YUM)’s Taco Bell unit launching a vegetarian menu nationwide on 09/12/19. MarketWatch PR link.

Chipotle(PBR535 $CMG) gets lawsuit from New York City alleging it violated the city’s Fair Workweek Law, Chipotle says it is cooperating, feels the filing was unnecessary. MarketWatch PR link.

Hasbro(PBR552) introduces ‘Ms. Monopoly’ game, celebrates women trailblazers, features Ms. Monopoly as an advocate whose mission is to invest in female entrepreneurs. $HAS PR link.

EchoStar(PBR876) completes spinoff of its Broadcast Satellite Service (BSS) business for 22.9 million DISH(PBR230) shares, around $800 million. $SATS PR link.

The US Dept of Labor says the US Preliminary July 2019 Job Openings-Private were at 6,555,000, Government 662,000, Total 7,217,000, -0.4% from June 2019, -3.0% from July 2018. USDOL PR link.

CoreLogic says the US June 2019 Housing Mortgages 30 or More Days Delinquent was at 4.0%, May 2019 was at 3.6%, April 2019 3.6%, June 2018 4.3%. “Despite recent stress in some areas of the country, mortgage delinquency rates continue to stay at near-record lows.” CoreLogic PR link.

***Monday, September 9:

Amazon(PBR5) announces Amazon Career Day on Tuesday, 09/17/19, hiring 30,000+ full and part-time for jobs at locations across the US. $AMZN PR link.

AT&T(PBR9 $T) gets letter from activist shareholder Elliott Management, has $3.2 billion in AT&T stock, says it sees ways share price can increase by 65% by end of 2021. Elliott PR link.

Alphabet(PBR15)’s Google unit being investigated by attorneys general of 50 states and territories regarding Google’s ‘potential monopolistic behavior.’ MarketWatch PR link.

Target(PBR38) to roll out its new loyalty offering, Target Circle, nationwide on 10/06/19, designed to complement Target’s RedCard* program by offering perks and special deals for all guests, including those who currently may not be interested in acquiring a new credit or debit card. $TGT PR link.

UPS(PBR40) to hire around 100,000 for full and part-time positions for the holiday season. $UPS PR link.

Cummins(PBR122) completes $15.00/share $290 million acquisition of other than shares already owned by The Hydrogen Company$CMI PR link.

PG&E(PBR178 $PCG) gets $2.5 billion offer from City of San Francisco for PG&E’s electric system in city. MarketWatch PR link.

PG&E(PBR178) files for Chapter 11 bankruptcy, offers around $18 billion in compensation for recent wildfires, plans to emerge from Chapter 11 by 06/30/20. $PCG PR link.

WestRock(PBR187) is reconfiguring its North Charleston, SC, paper mill, will permanently shut down one of the three paper machines and related physical infrastructure, eliminating approximately 288,000 tons of linerboard capacity, will eliminate 260 jobs. $WRK PR link.

Alcoa(PBR234) to implement a new operating model starting 11/01/19, will eliminate its business unit structure and consolidate sales, procurement and other commercial capabilities at an enterprise level, Executive Team will also be streamlined from 12 to seven direct reports to the CEO. $AA PR link.

Uber(PBR270) signs 10 year lease agreement for the The Old Main Post Office in the Chicago River area, will add about 2,000 jobs over 3 years. $UBER PR link.

Quanta Services(PBR276) acquires NE states gas utility contractor The Hallen Construction Co and two specialty utility foundation and pole-setting contractors serving the southeast US for $330 million. $PWR PR link.

Allison Transmission(PBR780) acquires Lewisburg, TN based aluminum castings producer Walker Die Casting and Muscle Shoals, AL based ie cast dies and tooling C&R Tool and Engineering for $103 million. $ALSN PR link.

ServiceMaster(PBR908) enters European pest control market with acquisition of Sweden based 4th largest pest control company in Europe $60 million in annual revenues Nomor Holding AB from Norvestor for around $200 million. $SERV PR link.

HCP(PBR915) to acquire a 224,000 square foot, LEED Gold® laboratory building 100% leased to five life science tenants located at 35 CambridgePark Drive in the Boston, MA Cambridge submarket for $332.5 million, to close in 12/19. $HCP PR link.

Wendy’s(PBR949) to launch its breakfast menu, currently available in more than 300 restaurants, across the US system in 2020, the Company and its franchisees plan to hire approximately 20,000 crew members. $WEN PR link.

Fred’s(PBR982) files for Chapter 11 bankruptcy, has commenced going out of business sales at all retail locations, which are expected to close over the next 60 days. $FRED PR link.

Vitamin Shoppe(PBR995) says the ‘go-shop’ period has ended, has a sole Bidder expressing interest in buying the company, will be reviewing proposal, still has Liberty Tax(OTC PINK: TAXA) for $6.50/share, $208 million cash offer. $VSI PR link.

The US Federal Reserve says the US Preliminary July 2019 Consumer Credit Outstanding-Revolving was at $1.081 trillion, Non-Revolving $3.042 trillion, Total $4.123 trillion, +0.6% from June 2019, +2.8% YTD(7 months), +5.3% from July 2018. USFed PR link.

FannieMae(PBR21) says the US August 2019 Home Purchase Sentiment Index is at 93.8, July 2019 was at 93.7, June 2019 91.5, August 2018 88.0. “We … expect housing market activity to remain relatively stable, and the favorable rate environment should continue supporting increased refinance activity.” $FNMA PR link.

***Friday, September 6:

The PBRMarketTools US Stock Exchanges Recap for Week 36 ending 09/06/19:

DJIA ends Week 36 at 26,797.46, +1.49% from last Friday/MTD, +0.74% QTD, +14.88% YTD, -2.05% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 36 at 8,103.07, +1.76% from last Friday/MTD, +1.21% QTD, +22.12% YTD, -2.73% from record 8,330.21 set 07/26/19.

SPX ends Week 36 at 2,978.71, +1.79% from last Friday/MTD, +1.26% QTD, +18.82% YTD, -1.56% from record 3,025.86 set 07/26/19.

The Week 36 News Summary: The week and new month started off with a holiday, but on Tuesday new tariffs on China and retaliatory tariffs by China on the US went into effect. However, by the end of the week tensions eased as it was announced China has requested new trade talks and are now scheduled for October. During the week the US economic news was somewhat positive with the release of the Beige Book by the Federal Reserve Districts indicating modest growth. But manufacturing data and surveys indicated a slowdown. This was balanced by good services numbers and at the end of the week positive jobs numbers. Corporate earnings continued to be mixed. US regulatory agencies are becoming more active in taking on mostly high tech companies. Hurricane Dorian slammed into the Bahamas, then headed towards the Florida and Carolinas east coasts with significant rains and flooding issues the big concerns. Hong Kong protests eased somewhat, and the UK is still mired in how to do Brexit by 10/31/19, and might require new general elections. The Stock Market Bear had a big day on Tuesday, but The Stock Market Bull took over the rest of the week and notched a 3-0 Week 36 victory, his second week win in a row.

The Week 36 of 2019 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

Cisco(PBR62) completes acquisition of privately held Mountain View, CA based meeting transcription, voice search, and meeting highlights/action items, with robust data privacy provider Voicea, terms not disclosed. $CSCO PR link.

Tractor Supply(PBR377) opens 1,800th store, located in Berkshire Township (Sunbury), OH. $TSCO PR link.

Fidelity Natl Financial(PBR390 $FNF) $50.00/share in cash/stock, equity value of $1.2 billion acquisition of title insurance company Stewart Information Services(PBR906) is being challenged by the US Federal Trade Commission, concerns about 2 of the Big 4 in title insurance merging and limiting competition. FTC PR link.

Nucor(PBR113) Chairman/CEO John J. Ferriola to retire on 12/31/19, EVP Leon J. Topalian elected President/COO effective immediately, to become CEO on 01/01/20. $NUE PR link.

Trinity Industries(PBR810) President/CEO Timothy R. Wallace to retire upon selection of a successor after 44 years with the company and 20 years as CEO. $TRN PR link.

The US Dept of Labor says the US August 2019 Number of People Employed was at 157,828,000, +650,000 from July 2019, +2,274,000 from August 2018, Unemployment is at 6,044,000, Unemployment Rate remains at 3.7%. USDOL PR link.

***Thursday, September 5:

Prudential Financial(PBR49) to acquire consumer solutions platform for health and financial wellness needs provider Assurance IQ for $2.35 billion plus up to an additional $1.15 billion based on achieving milestones, to close in early 4Q19. $PRU PR link.

Facebook(PBR56) launches Facebook Dating in the US, also giving people the ability to integrate their Instagram posts directly into their Facebook Dating profile and giving people the ability to add Instagram followers to their Secret Crush lists, in addition to Facebook friends, currently available in 19 other countries, to be available in Europe in early 2020. $FB PR link.

Tyson(PBR75)’s Ventures subsidiary completes an investment in San Francisco, CA based New Wave Foods®, a producer of plant-based shellfish and plans to have a shrimp alternative ready for food service operators in early 2020. $TSN PR link.

Tractor Supply(PBR377) to be Toro(PBR796)’s exclusive partner in the farm and ranch channel for select models of Toro zero-turn mowers, walk mowers and portable power equipment in stores nationwide and online beginning in spring of 2020 under new long-term strategic partnership. $TTC PR link.

Motorola Solutions(PBR399) says technology investment firm Silver Lake will make a new $1 billion investment in Motorola Solutions, and settle its outstanding $800 million aggregate principal investment one year ahead of its maturity. $MSI PR link.

Host Hotels(PBR493) completes sale of 6 non-core hotels for a combined price of $415 million. $HST PR link.

Michaels Cos(PBR511) to hire 15,000 seasonal positions for the 2019 holiday season, hiring day scheduled for 09/07/19. $MIK PR link.

Brinker Intl(PBR706) completes acquisition of 116 Chili’s® Grill & Bar restaurants, with annual revenues of around $300 million, from its 14-year franchisee, ERJ Dining, terms not disclosed. $EAT PR link.

Red Robin(PBR978) Board unanimously rejects an unsolicited, conditional proposal made on 07/18/19 by Vintage Capital Management to acquire all of the outstanding common shares of Red Robin for $40.00 per share, says proposal undervalues Red Robin and is not in the best interests of all shareholders. $RRGB PR link.

Apollo Global Mgmt(PBR997) completes conversion from a publicly traded partnership to a corporation. $APO PR link.

Babcock & Wilcox(PBR1000) regains full compliance with the NYSE minimum price continued listing criteria after 10:1 reverse stock split. $BW PR link.

Red Robin(PBR978) hires Paul J.B. Murphy III as President/CEO, effective 10/03/19, to succeed Chairman/Interim CEO Pattye Moore who plans to retire after an appropriate transition period. $RRGB PR link.

The US Dept of Labor says the US 2Q19 1st Revision of Business Sector Labor Output Productivity/Hour-All Persons remains at +2.6%, 1Q19 was at +3.6%, 4Q18 +0.0%, 2Q18 +2.4%. USDOL PR link.

ADP(PBR236) says the US Preliminary August 2019 Change In Employment-Small Businesses(1-49 Employees) is +66.000, Mid-Sized(50-499) +77,000, Large(500 or more) +52,000, Total +195,000, +37.2% from July 2019, +22.6% from August 2018; Total from Goods Producing Sector was +11,000, Service-Providing Sector +184,000. $ADP PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Manufacturers New Orders-Durable Goods was at $250.2 billion, Non-Durable Goods $250.1 billion, Total $500.3 billion, +1.4% from June 2019, +0.3% from July 2018. USDOC PR link.

The Institute for Supply Management says the US August 2019 Non-Manufacturing Index(>50=economy growing) is at 56.4%, July 2019 was at 53.7%, June 2019 55.1%, August 2018 58.8%. “The non-manufacturing sector’s rate of growth rebounded after two consecutive months of cooling off. The respondents remain concerned about tariffs and geopolitical uncertainty; however, they are mostly positive about business conditions.” ISM PR link.

The IHS Markit August 2019 Composite PMI Output Index is at 50.7, July 2019 was at 52.6, June 2019 51.5, August 2018 54.7. “The Composite PMI Output Index … signaled the slowest increase in output since the current sequence of expansion began in March 2016. The slowdown was led by muted upturns across the manufacturing and service sectors, with the latter registering a notably softer rise in activity.” IHS Markit PR link.

***Wednesday, September 4:

The August 2019 Snapshot 12 Summary: The PBR1000 Top 5 Month Performers YTD(8 Months)(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 08/30/19 Stock Price, % Increase from 12/31/18):

1. Diebold Nixdorf, PBR553, $DBD, $11.21, +350%
2. Snap, PBR990, $SNAP, $15.83, +187%
3. Avon Products, PBR491, $AVP, $4.35, +186%
4. FannieMae, PBR21, $FNMA, $2.82, +166%
5. FreddieMac, PBR39, $FMCC, $2.70, +157%

Range: +350% to -98%
Number of Companies at 0% or Better: 674/994
Average: +17.63%
Median: +11.65%
DJIA: +13.19%
NASDAQ: +20.01%
SPX: +16.74%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/29/17(20 Months).

Alphabet(PBR15 $GOOG)’s Google/YouTube unit ordered to pay $170 million fine for collecting children’s personal data without parental consent. MarketWatch PR link.

Stryker Corp(PBR231) to acquire point-of-care imaging technology provider Mobius Imaging, and its sister company, GYS Tech, (DBA Cardan Robotics), for around $370 million cash upfront and up to $130 million of contingent payments based on milestone achievements. $SYK PR link.

Bed Bath & Beyond(PBR251) business transformation efforts include a rapid refresh of nearly 160 Bed Bath & Beyond stores, resetting the cost structure, reducing inventories by $1 billion, Board transformation with 9 new independent members. $BBBY PR link.

Fortive(PBR446) to split into two independent publicly held companies, Fortive, an industrial technology company, and NewCo, a global industrial company, to be completed in 2H20. $FTV PR link.

Post Holdings(PBR460) authorizes new $400 million share repurchase program, replaces existing program. $POST PR link.

Palo Alto Networks(PBR851) to acquire IoT security company Zingbox for $75 million. $PANW PR link.

WW(PBR957) to present Oprah Winfrey‘s “Oprah’s 2020 Vision: Your Life in Focus” in 9 US cities starting 01/04/20 through 03/07/19, producer is Live Nation(PBR283) Women Nation division. $WW PR link.

Tapestry(PBR474) Chairman Jide Zeitlin appointed to also be CEO, effective immediately, succeeds Victor Luis, who is leaving the Company and its Board. $TPR PR link.

The US Federal Reserve Beige Book for data through 08/23/19 says, “On balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook.” USFed PR link.

The US Dept of Commerce says the US Preliminary July 2019 Exports-Goods were at $138.2 billion, Services $69.2 billion, Total Exports $207.4 billion; Imports-Goods were at $211.8 billion, Services $49.6 billion, Total Imports $261.4 billion, Total Monthly Deficit $54.0 billion, July 2018 Total Monthly Deficit was $52.5 billion; Total YTD Exports(7 months) were at $1,456.6 billion, YTD Imports $1,830.4 billion, Total YTD Deficit $373.8, July 2018 Total YTD Deficit was $346.2 billion. USDOC PR link.

***Tuesday, September 3:

The August 2019 Snapshot 11 Summary: The PBR1000 Top 5 Month Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 08/30/19 Stock Price, % Increase from 07/31/19):

1. Owens & Minor, PBR309, $OMI, $5.08, +87%
2. Vitamin Shoppe, PBR995, $VSI, $6.45, +46%
3. Cincinnati Bell, PBR971, $CBB, $5.43, +42%
4. WW(Weight Watchers), PBR957, $WW, $29.99, +39%
5. Hovnanian, PBR891, $HOV, $8.24, +37%

Range: +87% to -64%
Number of Companies at 0% or Better:314/1,000
Average: -1.93%
Median: -4.71%
DJIA: -1.72%
NASDAQ: -2.60%
SPX: -1.81%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/31/18(8 Months).

Walmart(PBR1) to discontinue sales of short-barrel rifle ammunition, sell through and discontinue handgun ammunition, discontinue handgun sales in Alaska, marking its complete exit from handguns, remaining assortment will be even more focused on the needs of hunting and sport shooting enthusiasts, policy is in response to recent shootings in Texas. $WMT PR link.

Allergan(PBR196) gets US FDA approval for the use of Juvéderm VOLUMA® XC, a hyaluronic acid gel dermal filler, with a TSK STERiGLIDE™ cannula for cheek augmentation to correct age-related volume deficit in the mid-face in adults over 21. $AGN PR link.

Avis Budget(PBR331) gets agreement with Ford(PBR12) Commercial Solutions to digitally connect approximately 14,000 Ford Motor Company vehicles in Avis Budget Group’s European rental fleet, adds to the 35,000 Ford vehicles digitally connected in the Avis Budget US fleet. CAR PR link.

Concho Resources(PBR597) to sell its 25 thousand barrels of oil equivalent per day New Mexico Shelf assets to a Spur Energy Partnersaffiliate for $925 million, authorizes an up to $1.5 billion share repurchase program. $CXO PR link.

Ashland(PBR641) completes $1.015 billion sale of its Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises$ASH PR link.

Tailored Brands(PBR693) gets multi-year partnership with the US National Football League to provide NFL team logo liners in suits from its Men’s Wearhouse and Jos. A. Banksunits. $TLRD PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Construction Spending Annual Rate-Residential was at $512.8 billion, Non-Residential $776.0 billion, Total $1,288.8 billion, +0.1% from June 2019, -2.7% from July 2018. USDOC PR link.

The Institute for Supply Management says the US August 2019 Manufacturing PMI Index(<50=economy contracting) is at 49.1%, July 2019 was at 51.2%, June 2019 51.7%, August 2018 61.3%. “Comments from the panel reflect a notable decrease in business confidence. August saw the end of the PMI® expansion that spanned 35 months, with steady expansion softening over the last four months.” ISM PR link.

IHS Markit says the US August 2019 US Manufacturing PMI is at 50.3, July 2019 was at 50.4, June 2019 50.6, August 2018 54.7. “U.S manufacturers signalled a further slowdown in overall growth in August, with the PMI dropping to its lowest for almost a decade.” IHS Markit PR link.

The PurdueU/CME Group August 2019 Ag Economy Barometer Composite Index is at 124, July 2019 was at 153, June 2019 126, August 2018 129. “Farmers were less optimistic about current economic conditions on their farms and, especially, about their expectations for future conditions.” PurdueU PR link.

***Monday, September 2:

***US Labor Day.
***US Stock Exchanges Closed.

***Friday, August 30:

The PBRMarketTools US Stock Exchanges Recap for Week 35 and the month of August ending 08/30/19:

DJIA ends Week 35 and August at 26,403.28, +3.02% from last Friday, -1.72% MTD, -0.74% QTD, +13.19% YTD, -3.49% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 35 and August at 7,962.88, +2.72% from last Friday, –2.60% MTD, -0.54% QTD, +20.01% YTD, -4.41% from record 8,330.21 set 07/26/19.

SPX ends Week 35 and August at 2,926.46, +2.79% from last Friday, -1.81% MTD, -0.52% QTD, +16.74% YTD, -3.29% from record 3,025.86 set 07/26/19.

The Monthly 2019 YTD(8 months through August) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

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

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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 28rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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Copyright © 2019, All Rights Reserved, Pax Business Resources, LLC.

 

The PBR1000 August 2019 Breaking News Recap

International Trade Issues Heat Up In August 2019 for The PBR1000

PBR1000 News

Go/Stop/Caution US/China trade negotiations have affected companies like The PBR1000 and stock markets throughout 2019, the US has still not ratified the US/Mexico/Canada agreement, UK’s Brexit attempts have had an effect as well. Let’s hope for more green lights for the rest of 2019.

By Larry C. Paxton

The August 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Friday, August 30:

The PBRMarketTools US Stock Exchanges Recap for Week 35 and the month of August ending 08/30/19:

DJIA ends Week 35 and August at 26,403.28, +3.02% from last Friday, -1.72% MTD, -0.74% QTD, +13.19% YTD, -3.49% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 35 and August at 7,962.88, +2.72% from last Friday, –2.60% MTD, -0.54% QTD, +20.01% YTD, -4.41% from record 8,330.21 set 07/26/19.

SPX ends Week 35 and August at 2,926.46, +2.79% from last Friday, -1.81% MTD, -0.52% QTD, +16.74% YTD, -3.29% from record 3,025.86 set 07/26/19.

The Week 35 and August News Summary: On the international front the G-7 meeting in France concluded with a US/Japan deal and signals by both the US and China that eased trade tensions. The UK continues to struggle on Brexit issues with the October 31 deadline approaching. For the month US/China trade dominated the news, and mostly in a negative way as both sides announced tariffs to go into effect, but mellowed out in the last week. Throughout the month the US economic data continued to indicate modest to moderate growth, but slowing as well, and whispers of recession being imminent increased a little bit. Corporate earnings were mostly mixed with a few pleasant surprises. After a 4 wild weeks run by The Stock Market Bear it was time for The Stock Market Bull to regain the pasture, winning Week 35 easily, but having to concede August to The Stock Market Bear.

The Week 35 of 2019 tally YTD is:
The Stock Market Bull: 17 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

The Monthly 2019 YTD(8 months through August) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

AT&T(PBR9 $T) says it’s reached tentative 5 year agreements with the Communications Workers of America District 3 union representing about 20,000 workers in nine states in the Southeast. MarketWatch PR link.

NGL Energy(PBR120) authorizes up to $150 million share repurchase program through 09/30/21. $NGL PR link.

Allergan(PBR196) to pay $1.9 million to Summit County, OH and $3.1 million to Cuyahoga County, OH as part of settlement of trial scheduled in 10/19 in the federal opioid multidistrict litigation. $AGN PR link.

Alcoa(PBR234) reaches a tentative agreement with the United Steelworkers on a new 4-year labor agreement for approximately 1,700 active employees at five US locations. $AA PR link.

Insight(PBR412) completes $35/share $581 million cash and debt acquisition of IT products and services provider PCM(NASDAQ: PCMI)$NSIT PR link.

Arthur J Gallagher(PBR428) acquires Mission Viejo, CA based medical, dental, vision, life, AD&D and disability insurance plans to university postdoctoral scholars and visiting scholars, as well as health insurance plans to university students benefits broker and consultant Garnett-Powers & Associates Insurance Services, terms not disclosed. $AJG PR link.

The US Dept of Commerce/BEA says US Preliminary July 2019 Total Personal Income Annual Rate is at $18.703 trillion, +0.1% from June 2019, +6.3% from July 2018, Personal Savings Annual Rate is at $1.269 trillion, for a +7.7% Savings RateUSDOC PR link.

The US Dept of Treasury says the US National Debt on 08/29/19 was Debt Held By Public$16.570 trillion, Intragovernmental $5.897 trillion, Total $22.467 trillion, +2.0% from 07/31/19, +2.2% from 12/28/18, +4.7% from 08/31/18. USTreasury PR link.

The U of Michigan says the US Final August 2019 Consumer Survey Index is at 89.8, July 2019 was at 98.4, June 2019 98.2, 96.2. “While the overall level of sentiment is still consistent with modest gains in consumption, the data nonetheless increased the likelihood that consumers could be pushed off the “tariff cliff” in the months ahead.” UMichigan PR link.

The Federal Reserve Bank of Chicago says the US 7th District Preliminary July 2019 Midwest Economic Index is at -0.27, June 2019 is at -0.30. ChiFed PR link.

MNI/ISM says the Chicago August 2019 Business Barometer(>50=economy gaining) is at 50.4, July 2019 was at 44.4, June 2019 49.7, August 2018 63.6. “The survey still suggests a softer overall tone in business activity despite the August pick-up in sentiment, as the three-month average fell again, dipping to 48.2.” MNI/ISM PR link.

The American Automobile Assn says the US Regular Gas Average Price on 08/30/19 is at $2.58/gallon, -5.2% from 07/31/19, -9.1% from 08/31/19. AAA PR link.

***Thursday, August 29:

Walt Disney(PBR52) sells its 80% equity interest in the YES Network to newly formed investor group of Yankee Global Enterprises and Sinclair Broadcast(PBR720), among others, for $3.47 billion, deal part of consent decree with the US Dept of Justice that allowed Disney’s acquisition of 21st Century Fox$DIS PR link.

Tech Data(PBR83) adds $200 million to share repurchase program, balance is now around $275 million. $TECD PR link.

AbbVie(PBR92) discontinues research and development program of Rovalpituzumab Tesirine (Rova-T) as a first-line maintenance therapy for advanced small-cell lung cancer. $ABBV PR link.

Deere & Co(PBR82) President/COO John C. May becomes member of the Board, to become CEO on 11/04/19, to succeed Chairman/CEO Samuel R. Allen, who will remain Chairman. $DE PR link.

The US Dept of Commerce/BEA says the US 2Q19 2nd Estimate of Gross Domestic Product Annual Rate of Growth is at +2.0%, $21.339 trillion, +1.1% from 1Q19, +4.0% from 2Q18. USDOC PR link.

The US Dept of Labor says the US 08/24/19 Initial Unemployment Insurance Claims 4 Week Moving Average is at 214,250, +0.7% from 07/20/19, +1.1% from 08/25/18; The 08/17/19 Total Insured Unemployment 4 Week Moving Average is at 1,697,250, +0.0% from 07/13/19, -2.0% from 08/18/18; Insured Unemployment Rate remains at 1.2%USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Home Mortgage Rate on 08/29/19is at 3.58% with 0.5 points/fees, on 07/25/19 it was 3.75% , on 06/27/19 3.73%, on 08/31/18 4.52%. $FMCC PR link.

***Wednesday, August 28:

Facebook(PBR56) provides updates on policies and requirements for ads about social issues, elections or politics in the US. $FB PR link.

American Airlines(PBR66) to hire 400+ new Tech Ops team members for its Tulsa, OK commercial aviation base maintenance facility, the largest in the world. $AAL PR link.

Tesla(PBR140) launches Tesla Insurance in California, plans to expand to other states in the future, provides Tesla owners with up to 20% lower rates, and in some cases as much as 30%. $TSLA PR link.

Marriott Intl(PBR147) to replace tiny, single-use toiletry bottles of shampoo, conditioner and bath gel in guestroom showers with larger, pump-topped bottles in all properties by 12/20, to prevent about 500 million tiny bottles annually from going to landfills. $MAR PR link.

Pilgrim’s Pride(PBR282) to acquire around $1.2 billion in annual sales, 6,000 employees, largest pig producer in the UK with 12 fresh and value-added operations Tulip Limited from Danish Crown for $354 million cash. $PPC PR link.

Coty(PBR326) and Younique have agreed to part, Coty will sell its controlling stake to Younique’s original founders, terms not disclosed. $COTY PR link.

Hain Celestial(PBR818) completes sale of $200 million in revenues anticipated in FY2019 premium basmati and specialty rice brand Tilda® to EBRO FOODS S.A. for $342 million cash. $HAIN PR link.

Fitbit(PBR958) launches Fitbit Premium, a new health and fitness app subscription service, $9.99/mo or $79.99 annually, also announces Fitbit Versa 2 smartwatch and Fitbit Aria Air, a Bluetooth smart scale. $FIT PR link.

Medtronic(PBR95) Chairman/CEO Omar Ishrak to retire as CEO on 04/26/20, will become Executive Chairman, EVP Restorative Therapies Geoff Martha appointed corporate president, to become member of the Board on 11/01/19, become CEO on 04/27/20. $MDT PR link.

The US Energy Information Administrationsays the US 08/23/19 Crude Oil Stocks are at 427.8 million barrels, -2.0% from 07/26/19, +5.4% from 08/24/18. EIA PR link.

TrueCar’s ALG unit says US August 2019 New Auto Sales to be at around 1,602,276 vehicles, +8.1% from August 2018, Average Transaction Price is $34,278, Average Incentive Outlay$3,825, Used Vehicle Sales expected to reach 3,350,362 down 0.2% year-over-year and flat from 07/19. TrueCar PR link.

***Tuesday, August 27:

Costco(PBR14 $COST) overwhelmed by massive crowds during its first opening in China in Shanghai. MarketWatch PR link.

Philip Morris(PBR36) confirms it is in discussions with Altria(PBR112) regarding a potential all-stock merger of equals. $PM PR link.

Lithia Motors(PBR255) has acquired Hazelton, PA auto dealership Hazelton Honda, anticipates annual revenues of around $50 million, terms not disclosed. $LAD PR link.

Alaska Air(PBR363) and two unions ratify new five year agreements covering 5,200 employees. $ALK PR link.

Hershey(PBR381) to expand snack bar portfolio with acquisition of maker of a line of low-sugar, high-protein nutrition bars ONE Brands for $397 million, to close in 4Q19. $HSY PR link.

Deluxe Corp(PBR889) appoints Cheryl Mayberry McKissack to be Non-Executive Chair, effective 08/22/19, succeeds Martyn Redgrave who remains on the Board. $DLX PR link.

The Federal Reserve Bank of Richmond says the US 5th District August 2019 Manufacturing Index(Annualized) is at +1%, July 2019 was at -12%, June 2019 +2%, August 2018 +21%. “Firms reported increasing capital expenditures and inventories, but the measure of local business conditions was slightly negative. Manufacturers were, however, optimistic that conditions would improve in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the US 5th District August 2019 Service Sector Revenue Index(Annualized) is at +6%, July 2019 was at +11%, June 2019 +16%, August 2018 +26%. “Respondents … reported growth in the average workweek but continued to struggle to find workers with the necessary skills. They expected this difficulty to persist in the near future.” RichmondFed PR link.

The Conference Board says the US Preliminary August 2019 Consumer Confidence Index(1985=100) is at 135.1, July 2019 was at 135.8, June 2019 124.3, August 2018 134.7. “… While other parts of the economy may show some weakening, consumers have remained confident and willing to spend. However, if the recent escalation in trade and tariff tensions persists, it could potentially dampen consumers’ optimism regarding the short-term economic outlook.” TCB PR link.

The S&P CoreLogic Case-Shiller US Preliminary June 2019 National Home Price Index(01/2000=100) is at 210.71, May 2019 was at 209.49, April 2019 207.85, June 2018 204.31. “The U.S. National Home Price NSA Index YOY price change in June 2019 of 3.1% is exactly half of what it was in June 2018. While housing has clearly cooled off from 2018, home price gains in most cities remain positive in low single digits. Therefore, it is likely that current rates of change will generally be sustained barring an economic downturn.” Case-Shiller PR link.

***Monday, August 26:

Johnson & Johnson(PBR35) to appeal Oklahoma‘s $572 million civil judgment, says its Janssen unit did not cause the opioid crisis in Oklahoma. $JNJ PR link.

Target(PBR38) and Walt Disney(PBR52) to launch 25 Disney stores within select Target stores nationwide on 10/04/19, with 40 additional locations opening by 10/31/20, an all-new, Disney focused digital experience is available on Target.com today. $TGT PR link.

Cisco(PBR62) to acquire Salt Lake City, UT privately-held contact center predictive analytics developer and provider CloudCherry, terms not disclosed, to close by 01/31/20. $CSCO PR link.

Oracle(PBR78 $ORCL) files new appeal over Pentagon’s $10B JEDI cloud contract RFP process. TechCrunch PR link.

Eli Lilly(PBR116) gets US FDA approval for Taltz® (ixekizumab) injection 80 mg/mL for the treatment of adults with active ankylosing spondylitis (AS), also known as radiographic axial spondyloarthritis (r-axSpA), affects 1.6 million people in the US. $LLY PR link.

Bristol-Myers Squibb(PBR132) says that Celgene(PBR203), in connection with its $74 billion merger agreement with Bristol-Myers Squibb and to satisfy US regulatory requirements, to sell its global rights to OTEZLA® (apremilast) to Amgen(PBR123) for $13.4 billion cash. $BMY PR link.

TechnipFMC(PBR334) to spinoff as two separate independent companies, 15,000 employees SpinCo, a downstream global energy company headquartered in Paris, France, and 22,000 employees RemainCo energy technology and services provider headquartered in the UK and Houston, TX, to be completed in 1H20. $FTI PR link.

Agilent Technologies(PBR532) completes $1.165 billion acquisition of privately-owned global designer, manufacturer and distributor of life science instrumentation BioTek Instruments$A PR link.

Pitney Bowes(PBR661) to sell its Software Solutions business to Syncsort for $700 million in cash, to close by 12/31/19. $PBI PR link.

Verisk Analytics(PBR830) to acquire UK based Daily Mail and General Trust(Lon:DMGT)‘s global provider of real-time data and intelligence for commodity and energy markets Genscapefor $364 million cash. $VRSK PR link.

Kaman Corp(PBR911) completes $700 million cash sale of its 2,200 employees $1.1 billion in revenues in 2018 Distribution segment to affiliates of Littlejohn & Co$KAMN PR link.

AT&T(PBR9)‘s biggest business unit, AT&T Communications, CEO John Donovan to retire effective 10/01/19, successor to be named later. $T PR link.

Aramark(PBR195) Chairman/President/CEO Eric Foss retires, to remain in advisory capacity until 10/02/19, Lead Independent Director Stephen Sadove named non-Executive Chairman, Office of the CEO formed, successor search starts. $ARMK PR link.

LAM Research(PBR279) Chairman Stephen G. Newberry to retire on 11/04/19, lead independent director Abhijit Y. Talwalkar to be successor. $LRCX PR link.

The US Federal Reserve Bank of Chicagosays the US Preliminary July 2019 National Activity Index is at -0.36, June 2019 was at +0.03, May 2019 -0.10, July 2018 +0.27. ChiFed PR link.

***Friday, August 23:

The PBRMarketTools US Stock Exchanges Recap for Week 34 ending 08/23/19:

DJIA ends Week 34 at 25,628.90, -0.99% from last Friday, -4.60% MTD, -3.65% QTD, +9.87% YTD, -6.32% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 34 at 7,751.77, -1.83% from last Friday, -5.18% MTD, -3.18% QTD, +16.83% YTD, -6.94% from record 8,330.21 set 07/26/19.

SPX ends Week 34 at 2,847.11, -1.44% from last Friday, -4.47% MTD, -3.22% QTD, +13.57% YTD, -5.91% from record 3,025.86 set 07/26/19.

The Week 34 News Summary: The same old story continues as the big news of the week again was US/China trade issues as both China and the US threatened or imposed additional tariffs on each other. The US economy continues to be good, as indicated in the FOMC minutes released during the week, but the word “recession” keeps popping up more and more, while the global economy continues to shift down, and will be a discussion item at the G-7 meeting that starts this weekend in France. Corporate earnings were again mixed. Through Thursday it looked like it was going to finally be a week for The Stock Market Bull, but Friday’s tariffs war changed all that and sent the stock exchanges into a near death spiral much to The Stock Market Bear‘s delight as he claims another 3-0 victory, his 4th week in a row.

The Week 34 of 2019 tally YTD is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

Dick’s Sporting Goods(PBR352 $DKS)removed hunting category, including guns, from 125 more stores. MarketWatch PR link.

Insperity(PBR628) adds 700,000 shares to share repurchase program, around 1,519,000 shares now available. $NSP PR link.

Tractor Supply(PBR377) extends employment contract by 1 year for CEO Greg Sandfort who will continue to serve as CEO until a successor is appointed and will assist in the transition. $TSCO PR link.

The US Dept of Commerce/HUD says the US Preliminary July 2019 New Family Home Sales Annual Rate is at 635,000 units, -12.8% from June 2019, +4.3% from July 2018; July 2019 Median New Home Sales Price is at $312,800, +2.2% from June 2019, -4.5% from July 2018. USDOC PR link.

***Thursday, August 22:

World Fuel(PBR77) to acquire Universal Weather and Aviation’s Houston, TX based 5,000 locations UVair® fuel business for around $170 million, to close by 12/31/19. $INT PR link.

Raytheon(PBR106) to build a 200,000 sf facility supporting 500 new high-tech jobs at its Space and Airborne Systems headquarters in McKinney, TX, construction will be completed in late 2020. $RTN PR link.

Las Vegas Sands(PBR228) decides not to pursue Osaka, Japan integrated resorts, will focus on Tokyo and Yokohama for new developments. $LVS PR link.

MGM Resorts(PBR256) reaffirms its commitment to an integrated resort in Osaka, Japan$MGM PR link.

Univar(PBR343) to change its corporate name to Univar Solutions Inc, effective 09/01/19, will retain UNVR ticker symbol. $UNVR PR link.

Hasbro(PBR552) to acquire Canada based global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content, including popular pre-teen characters Peppa Pig and PJ Masks, Entertainment One Ltd(LSE: ETO) for around $4.0 billion cash, a 31% premium, to close in 4Q19. $HAS PR link.

Bristow Group(PBR966) files ammended Chapter 11 plan of reorganization, Court has approved the proposed Superpriority Secured Debtor-in-Possession Credit Agreement for an aggregate principal amount of $150 million, plans to emerge from Chapter 11 in 4Q19. $BRSWQ PR link.

HP Inc(PBR54) President/CEO Dion Weisler stepping down and returning to Australia due to family health issues, effective 10/31/19, President of HP’s Imaging, Printing and Solutions Enrique Lores appointed President/CEO, effective 11/01/19. $HPQ PR link.

The Conference Board US Preliminary July 2019 Leading Economic Index(2016=100) is at 112.2, June 2019 was at 111.7, May 2019 111.8, July 2018 110.9. “While the LEI suggests the US economy will continue to expand in the second half of 2019, it is likely to do so at a moderate pace.” TCB PR link.

***Wednesday, August 21:

Amazon(PBR5) opens new 84,000 sf office in downtown Portland, OR, for its Portland Tech Hub, to create 400 new high tech jobs. $AMZN PR link.

JPMorgan Chase(PBR26 $JPM) to incorporate Chase Pay app in more merchant websites and apps, to close stand-alone Chase Pay app in early 2020. MarketWatch PR link.

Kinder Morgan(PBR220) to sell the US portion of the Cochin Pipeline to Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) for $2.5 billion in cash/stock deal. $KMI PR link.

O’Reilly Automotive(PBR321) to acquire Guadalajara, Mexico based 1,100 employees automotive aftermarket parts in Mexico, operating five distribution centers, 20 Orma Autopartes stores and serving over 2,000 independent jobber locations in 28 Mexican states specialty retailer Mayasa, all stock transaction, to close in 4Q19. $ORLY PR link.

Vistra Energy(PBR330) to retire 4 coal-fueled power power plants in Illinois to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard rule imposed by the Illinois Pollution Control Board, 300 jobs to be eliminated. $VST PR link.

UGI Corp(PBR388) completes $35.33/share, $2.45 billion acquisition of the remaining 74% of shares it did not own of largest US retail propane marketer AmeriGas Partners(NYSE: APU)$UGI PR link.

Columbia Sportwear(PBR765) purchases 3 buildings for $33 million near its Portland, OR, headquarters, 200,000 sf, 1 building to be available in 06/20, the other two in 06/21. $COLM PR link.

Splunk(PBR922) to acquire SignalFx, an SaaS provider in real-time monitoring and metrics for cloud infrastructure, microservices and applications, for $1.05 billion, 60% cash, 40% stock, to close by 01/31/20. $SPLK PR link.

Fitbit(PBR958) will be collaborating with Singapore’s Health Promotion Board on a healthy population project in support of Singapore’s Smart Nation initiative. $FIT PR link.

PerkinElmer(PBR767) Chairman/CEO Robert F. Friel to retire after 20+ years with the company on 12/29/19, President/COO Prahlad Singh appointed to the Board, effective immediately, to also become CEO on 12/30/19, lead director Alexis Michas to become Non-Executive Chairman. $PKI PR link.

The Federal Reserve Open Market Committee released the minutes from its 07/30-31/19 meeting, says, “Both total and core inflation were projected to move up slightly next year, as the low readings early this year were expected to be transitory, but nevertheless to continue to run below 2 percent.” FOMC PR link.

The US Dept of Labor/BLS says that the revised the Current Employment Statistics (CES) survey employment estimates indicate that 501,000 fewer non-farm jobs were created since March 2019 than previously reported, final report to be released in 02/20. USDOL PR link.

The Natl Assn of Realtors says the US Preliminary July 2019 Existing Home Sales Annual Rate is at 5,420,000 units, +2.5% from June 2019, +0.6% from July 2018, Median Sale Price is $280,800, -1.7% from June 2019, +4.3% from July 2018, Housing Inventory is at 1,920,000, Housing Inventory Available at 4.2 months. NAR PR link.

***Tuesday, August 20:

Walmart(PBR1 $WMT) sues Tesla(PBR140 $TSLA) over solar-panel rooftop fires.Morningstar PR link.

Facebook(PBR56) announces smartphone users can see and control the data that apps and websites share with Facebook. $FB PR link.

Tesla(PBR140) CEO Elon Musk tweets that a new residential solar roof rent option is available, starts at $50/mo, no longterm contract, can cancel at any time. $TSLA PR link.

Jacobs Engineering(PBR205) to acquire UK based 2,000 employees, $285 million in revenues/2019 program management technical and consulting services in areas such as decommissioning, nuclear new build and operational support in the civil nuclear and defense segments provider John Wood Group’s Nuclear business for an enterprise value of around $300 million, to close by 03/31/20. $JEC PR link.

Uber(PBR270 $UBER) to establish a new US General and Administrative Hub that will house various corporate functions in Dallas, TX, will create 3,000 new jobs and more than $75 million in capital investment, will also receive a Texas Enterprise Fund (TEF) grant of $24,000,000. Office of Texas Governor PR link.

Vistra Energy(PBR330) to acquire Dallas, TX based Ambit Energy with its approximately 1.1 million residential electricity customer equivalents in 17 states for $475 million plus net working capital in an all-cash transaction, to close by 12/31/19. $VST PR link.

Hasbro(PBR552) to begin phasing out plastic from new product packaging, including plastic elements like polybags, elastic bands, shrink wrap, window sheets and blister packs, beginning in 2020, ambition is to eliminate virtually all plastic in packaging for new products by the end of 2022. $HAS PR link.

Sabre Corp(PBR621) to challenge the US Dept of Justice lawsuit seeking to block the $360 million acquisition of Farelogix, reiterates benefits. $SABR PR link.

ScanSource(PBR623) wants to divest certain nondigital distribution businesses in Europe, UK, Mexico, Colombia, Chile, Peru and the Miami-based export operations, had net sales of $623 million for FY2019, have around 490 employees in these area, will focus on US, Canada and Brazil. $SCSC PR link.

Endo Intl(PBR739) to pay $10 million and provide up to $1 million of its Vasostrict® and Adrenalin® products free of charge in agreement with 2 Ohio counties to resolve Track 1 opioid cases, settlement will include no admission of wrongdoing, fault or liability of any kind by the Endo Entities, is based on the avoidance of litigation risk and associated costs. $ENDP PR link.

Plexus(PBR749) authorizes new up to $50 million share repurchase program, expires 09/30/20. $PLXS PR link.

***Monday, August 19:

Walmart(PBR1) partners with Buzzfeed’s Tastyservice, customers can add the entire ingredient list from a menu of 4,000 Tasty videos to their Walmart Online Grocery carts with one click, can then place their order for pickup or home delivery. $WMT PR link.

Amazon(PBR5) to open a new 1+ million sf fulfillment center in West Jordan, UT creating more than 800 full-time jobs starting at $15 an hour with comprehensive benefits, already has 2,000+ employees in Utah. $AMZN PR link.

Target(PBR38) introduces its newest largest owned Food & Beverage brand Good & Gather, will offer a wide range of food and beverage products that prioritize taste, quality ingredients and ease, at a great value, to be available starting 09/15/19. $TGT PR link.

Lowe’s(PBR41) to carry more than 10,000 licensed NFL-branded merchandise items on Lowes.com/NFL, will also have NFL items in select stores. $LOW PR link.

Walt Disney(PBR52) to launch its streaming service Disney+ on 11/12/19 in the US, Canada, and Netherlands, in Australia & New Zealandon 11/19/19, offering Disney+, ESPN+ and Hulu bundle for $12.99/month. $DIS PR link.

Capital One(PBR93) to acquire Tysons Corner, VA based 30 employees investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies KippsDeSanto & Co, to close in 3Q19, terms not disclosed. $COF PR link.

Avnet(PBR158) authorizes an additional $500 million share repurchase program, balance available is now $675 million. $AVT PR link.

PG&E(PBR178 $PCG) to face California court trial over its possible liability over the 2017 Tubbs fireMarketWatch PR link.

Boston Scientific(PBR311) completes $4.2 billion cash acquisition of UK based BTG plc(LSE: BTG), which develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals. $BSX PR link.

Boston Scientific(PBR311) gets US FDA approval of its ImageReady™ MRI labeling for the Vercise Gevia™ Deep Brain Stimulation (DBS) System to be used in a full-body magnetic resonance imaging (MRI) environment which with the Vercise Cartesia™ Directional Lead, is designed to treat the symptoms of Parkinson’s Disease. $BSX PR link.

PolyOne(PBR659) to sell its global provider of formulated PVC and polypropylene based solutions with around $700 million in annual sales Performance Products and Solutions(PP&S) business to SK Capital Partners for $775 million in cash, to close in 4Q19. $POL PR link.

Tailored Brands(PBR693) completes $62 million all cash sale of its corporate apparel business, which had net sales of $235.4 million in fiscal 2018, to a group led by the existing corporate apparel UK executive team. $TLRD PR link.

***Friday, August 16:

The PBRMarketTools US Stock Exchanges Recap for Week 33 ending 08/16/19:

DJIA ends Week 33 at 25,886.01, -0.1.53% from last Friday, -3.64% MTD, -2.68% QTD, +10.97% YTD, -5.38% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 33 at 7,895.99, -0.79% from last Friday, -3.42% MTD, -1.38% QTD, +19.00% YTD, -5.21% from record 8,330.21 set 07/26/19.

SPX ends Week 33 at 2,888.68, -1.03% from last Friday, -3.08% MTD, -1.80% QTD, +15.23% YTD, -4.53% from record 3,025.86 set 07/26/19.

The Week 33 News Summary: The week started off ugly as the US and China exchanged tariffs and currency manipulation threats and actions. Second quarter corporate earningscontinued to be mixed. The US economic indicators still indicate a downward trend of modest and slowing growth. Some have been using the “recession” word to much alarm. As a result the US stock market had 4 volatile days of plus or minus 1% or more with Tuesday being the most dramatic with a 3% plunge for all 3 indices. The Stock Market Bull received some significant injuries in the week as The Stock Market Bear viciously slashed and gashed his way to his 3rd week in a row, and most convincing, 3-0 win.

The Week 33 of 2019 tally YTD is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 11 weeks
Mixed Results: 6 weeks

GE(PBR19) responds to allegations by Harry Markopolos that GE financials contain fraudulent data, says such claims are meritlous, that he did not talk to company, has conflicting interest with a hedge fund with incentives to drive GE stock price down. $GE PR link.

AbbVie(PBR92) gets US FDA approval for RINVOQ™ (upadacitinib), a 15 mg, once-daily oral Janus kinase (JAK) inhibitor, for the treatment of adults with moderately to severely active rheumatoid arthritis who have had an inadequate response or intolerance to methotrexate (MTX-IR). $ABBV PR link.

Celgene(PBR204) gets US FDA approval for INREBIC® (fedratinib) for the treatment of adult patients with intermediate-2 or high-risk primary or secondary (post-polycythemia vera or post-essential thrombocythemia) myelofibrosis. $CELG PR link.

Edwards Lifesciences(PBR644) gets US FDA approval to expand use of the Edwards SAPIEN 3 and SAPIEN 3 Ultra transcatheter heart valve systems to the treatment of severe, symptomatic aortic stenosis (AS) patients who are determined to be at low risk of open-heart surgery. $EW PR link.

The US Dept of Commerce/HUD says the US Preliminary July 2019 New Residential Construction Building Permits Issued Annual Rate is at 1,336,000, +8.4% from June 2019, +1.5% from July 2018. USDOC PR link.

The U of Michigan says the US Preliminary August 2019 Consumer Sentiment Index is at 92.1, July 2019 was at 98.4, June 2019 98.2, December 2018 98.3, August 2018 96.2. “… the August survey indicated some concerns about the future pace of income and job gains. It is likely that consumers will reduce their pace of spending while keeping the economy out of recession at least through mid 2020.” UMichigan PR link.

***Thursday, August 15:

UPS(PBR40) venture capital arm, UPS Ventures, makes a minority investment in autonomous driving company TuSimple, are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS® network. $UPS PR link.

JCPenney(PBR261) will soon be offering in 30 stores a sought-after selection of secondhand women’s clothing and handbags from thredUP, the world’s largest online consignment store featuring like-new styles from leading designers and brands. $JCP PR link.

Leidos(PBR302) completes acquisition of Malvern, PA based nearly 200 staff members independent medical evaluations, medical record reviews, and medical and vocational case management for insurance carriers, employers, law firms, third party administrators, and state and local government provider IMX Medical Management Services and its affiliated businesses, terms not disclosed. $LDOS PR link.

E*Trade(PBR752) CEO/Board member Karl A. Roessner is leaving, will remain as an employee of the Company in an advisory capacity until 12/31/19, COO Michael A. Pizzi appointed CEO and member of the Board, effective 08/15/19. $EFTC PR link.

The US Dept of Labor says US Preliminary 2Q19 Labor Productivity Output/Hour Annual Rate-All Persons is at +2.6%, 1Q19 was at +3.6%, 4Q18 +0.0%, 2Q18 +2.4%. USDOL PR link.

The US Federal Reserve says the US Preliminary July 2019 Total Industrial Production % of Capacity is at 77.5%, June 2019 was at 77.8%, May 77.8%, July 2018 78.8%, Capacity Growth Over Previous Year+2.2%. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary June 2019 Sales-Manufactures was at $506.2 billion, Retailers$455.4 billion, Wholesalers $498.5 billion, Total Sales $1.460 trillion, +0.1% from May 2019, +1.3% from June 2018. USDOC PR link.

The US Dept of Commerce/Census says that the US Advance July 2019 Retail Sales-Retailis at $458.3 billion, Food Services & Drinking Places $65.2 billion, Total Retail Sales $523.5 billion, +0.7% from June 2019, +3.4% from July 2018. USDOC PR link.

The Federal Reserve Bank of New York says the Empire State August 2019 Manufacturing General Business Conditions Index is at +4.8, July 2019 was at +4.3, June 2019 -8.6, August 2018 +24.3. NYFed PR link.

The Federal Reserve Bank of Philadelphia says the 3rd District August 2019 Manufacturing General Activity Indicator is at +16.8, July 2019 was at +21.8, June 2019 +0.3, August 2018 +13.0. PhillyFed PR link.

The Natl Assn of Home Builders/Wells Fargo US August 2019 Housing Market Sentiment Composite Index is at 66, July 2019 was at 65, June 2019 64, August 2018 was at 67. “Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots …” NAHB PR link.

The Economic Policy Institute says CEOs are paid 278 times more than the average U.S. worker. MarketWatch PR link.

***Wednesday, August 14:

The US Dept of Labor says the US Preliminary July 2019 Import Prices were +0.2%, Import Prices Last 12 Months -1.8%, Export Prices+0.2%, Export Prices Last 12 Months -0.9%. USDOL PR link.

***Tuesday, August 13:

Kraft Heinz(PBR108) says in 2Q19 report it is eliminating 400 positions in restructuring effort(pg 24). $KHC PR link.

CBS(PBR213) and Viacom(PBR242) to combine in an all-stock merger, will create a combined company named ViacomCBS with more than $28 billion in revenue, CBS President/CEO Bob Bakish to be ViacomCBS President/CEO, to close by 12/31/19. $CBS PR link.

Advance Auto Parts(PBR318) in 2Q19 report authorizes new $400 million share repurchase program, replaces previous 08/18 authorization for $600 million. $AAP PR link.

Genworth Financial(PBR354) to sell its majority interest in Genworth MI Canada, the largest private sector residential mortgage insurer in Canada, to Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) for net cash proceeds of $1.8 billion, to close by 12/31/19, should increase the likelihood of subsequently completing the acquisition of Genworth by China Oceanwide Holdings Group by 12/31/19. $GNW PR link.

CIT Group(PBR849) to acquire $6.8 billion in deposits, $4.5 billion of which are HOA deposits from more than 31,000 community associations nationwide, Mutual of Omaha Bank, for $1 billion cash and stock, to close in 1Q20. $CIT PR link.

Qualcomm(PBR131) appoints Mark McLaughlin as Chairman, effective immediately, succeeds Jeff Henderson who remains a Board member. $QCOM PR link.

The US Dept of Labor says the US Preliminary July 2019 Employee Current Average Earnings Per Hour is at $27.98, Average Hours Worked Per Week is at 34.3, Average Current Weekly Earnings are at $959.71, -0.0% from June 2019, +2.6% from July 2018. USDOL PR link.

The US Dept of Labor says the US July 2019 Consumer Price Index-All Items is at +0.3%, June 2019 was at +0.1%, May 2019 +0.1%, July 2018 +0.2%, Last 12 Months +1.8%. USDOL PR link.

The Federal Reserve Bank of New York Center for Microeconomic Data says the US 2Q19 Total Household Debt-Housing Debt is at $9.81 trillion, Non-Housing Debt $4.06 trillion, Total $13.87 trillion, the twentieth consecutive quarter with an increase, and the total is now $1.2 trillion higher, in nominal terms, than the previous peak of $12.68 trillion in the 3Q08. NYFED PR link.

CoreLogic says the US May 2019 Housing Mortgages 30 Days or More Delinquent is at 3.6%, April 2019 was at 3.6%, March 2019 4.0%, May 2018 4.2%. “The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is at an over 10-year low.” CoreLogic PR link.

***Monday, August 12:

Verizon(PBR18) Media unit to sell its media network powered by a massive community of independent creators and home to 475 million blogs Tumblr service to WordPress parent Automattic, terms not disclosed. $VZ PR link.

Tyson(PBR75) to rebuild fire damaged Kansas beef plant and pay fulltime workers during construction. $TSN PR link.

Universal Forest Products(PBR564) to change its name to UFP Industries, Inc, effective 01/01/20, to restructure from geography emphasis to markets served emphasis, better reflects its wider user base, will retain UFPI stock symbol. $UFPI PR link.

Rite Aid(PBR138) hires Heyward Donigan as CEO and member of the Board, effective immediately, succeeds CEO John Standley who steps down as planned. $RAD PR link.

SpartanNash(PBR371) accepts resignation of President/CEO and Board member Dave Staples, Chairman and former CEO(2008-2017) Dennis Eidson appointed to the additional roles of Interim President/CEO, effective immediately; has made the decision to exit its Indianapolis-based $20 million revenues/year Fresh Kitchenoperations to improve operating earnings and EBITDA results within the Food Distribution segment. $SPTN PR link.

YUM!(PBR485) President/COO David Gibbs to become CEO on 01/01/20, member of the Board on 11/01/19, will succeed Greg Creed who is retiring at end of 2019 after 25 years with YUM! $YUM PR link.

The US Dept of the Treasury says the US July 2019 Federal Government Receipts were $251.3 billion, Outlays $371.0 billion, Deficit$119.7 billion; the US July 2019 Federal Government Receipts YTD(10 months) are at $2.860 trillion, Outlays YTD $3.727 trillion, Deficit YTD $866.8 billion; US July 2018 Federal Government Deficit YTD was $684.0 billion. USTreasury PR link.

***Friday, August 9:

The PBRMarketTools US Stock Exchanges Recap for Week 32 ending 08/09/19:

DJIA ends Week 32 at 26,287.44, -0.75% from last Friday, -2.15% MTD, -1.17% QTD, +12.69% YTD, -3.92% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 32 at 7,959.14, -0.56% from last Friday, -2.65% MTD, -0.59% QTD, +19.95% YTD, -4.45% from record 8,330.21 set 07/26/19.

SPX ends Week 32 at 2,918.65, -0.46% from last Friday, -2.07% MTD, -0.79% QTD, +16.43% YTD, -3.54% from record 3,025.86 set 07/26/19.

The Week 32 News Summary: Over the weekend the US was rocked by more senseless gun violence with shootings in El Paso, TX, and then Dayton, OH, following a shooting a week earlier at the Gilroy Garlic Festival in California. Controversial visits to Dayton and El Paso by President Trump and the First Lady followed, with President Trump saying a solution needs to be found, and might include background checks. The US/China trade warstook a turn down as China devalued its currency to offset the tariffs threatened by President Trump, who also indicated at the end of the week that scheduled trade talks next week might not occur, that he was not in a hurry to make a trade deal. As 2nd quarter corporate earnings reports wind down the results are very mixed. Economic reports like wholesale trade and the Producer Price Index continue to indicate a modestly growing economy at this time. The Stock Market Bear had his best day in a long time on Monday with all 3 major US exchanges finishing around 3% off from the previous Friday. But The Stock Market Bull countered aggressively Tuesday through Thursday to get back even, but was too exhausted to complete the comeback on Friday. The Stock Market Bear wins Week 32, his second week in a row, 3-0.

The Week 32 of 2019 tally YTD is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 10 weeks
Mixed Results: 6 weeks

Gilead Sciences(PBR133) gets China National Medical Products Administration (NMPA)approval for Biktarvy® (bictegravir 50mg/emtricitabine 200mg/tenofovir alafenamide 25mg, BIC/FTC/TAF), a once-daily single tablet regimen (STR) for the treatment of HIV-1infection, 150,000 new HIV-1 cases reported in China in 2018. $GILD PR link.

PG&E(PBR178) in 2Q19 report says it has taken an additional $3.9 billion pre-tax charge for estimated third-party claims related to the 2017 Northern California wildfires and the 2018 Camp fire. $PCG PR link.

Sears(PBR180 $SHLDQ) parent Transform Holdings(aka the new Sears) to close an additional 26 Sears and Kmart stores, liquidation sales to start 08/15/19. MarketWatch PR link.

Netflix(PBR194 $NFLX) snags ‘Game of Thrones’ creators David Benioff and D.B. Weiss away from HBO in $200-$300 million mega-deal to create and develop series and movies exclusively for the streaming giant.MarketWatch PR link.

JCPenney(PBR261) confirms receipt of NYSE listing non-compliance for stock price being under $1.00 per share for 30 or more days, has 6 months to remedy, might do a reverse stock split at next shareholders annual meeting. $JCP PR link.

Diplomat Pharmacy(PBR497) is reviewing strategic alternatives to increase shareholder value, includes possible sale or merger. $DPLO PR link.

The US Dept of Labor says the US Preliminary July 2019 Producer Price Index for Final Demand-Goods is +0.4%, Services -0.1%, Total Final Demand +0.2%, June 2019 was at +0.1%, May 2019 +0.1%, July 2018 +0.1%, Last 12 Months +1.7%. USDOL PR link.

***Thursday, August 8:

The July 2019 Snapshot 15 Summary: The PBR1000 Top 5 By Market Capitalization (Rank, Company, PBR Ranking by Revenues, Stock Symbol, 07/31/19 Market Capitalization):

1. Microsoft, PBR25, $MSFT, $1,075 billion
2. Apple, PBR3, $AAPL, $961 billion
3. Amazon.com, PBR5, $AMZN, $939 billion
4. Alphabet, PBR15, $GOOG, $851 billion
5. Facebook, PBR56, $FB, $562 billion

Range: $1,075 billion to $0.00 billion
Total: $28.524 trillion, +3.23% from 06/28/19, +20.72% from 12/31/18, +10.08% from 12/29/17
Average: $28.524 billion
Median: $8.09 billion

Archer-Daniels-Midland(PBR48) extends current 100,000,000 shares repurchase program from 12/31/19 expiration to 12/31/24, adds an additional 100,000,000 shares to the program. $ADM PR link.

American Airlines(PBR66) announces first entrance to Africa with flights to Morocco starting in 05/20, expands other international flights into Eastern Europe. $AAL PR link.

Starbucks(PBR115) and global partner Nestleannounce a new premium coffee experience for Chinese consumers with the introduction of Starbucks At Home and “We Proudly Serve Starbucks® Coffee” integrated business solutions in Foodservice channels, includes 21 products, including whole bean and roast and ground packaged coffees, as well as the first-ever jointly developed Starbucks capsules. $SBUX PR link.

Broadcom(PBR146) to acquire the enterprise security business of Symantec(PBR541) for $10.7 billion in cash, to close by 1Q20. $AVGO PR link.

Occidental(PBR160) completes $55 billion acquisition of Anadarko(PBR233), includes $17 billion of debt. $OXY PR link.

Graphic Packaging(PBR472) to make $600 million investment in a new coated recycled board (CRB) machine in the Midwest with annual capacity of approximately 500,000 tons. $GPK PR link.

Conduent(PBR505) in 2Q19 report says it will conduct both a strategic and operational review of the company and each line of business; CEO search process suspended in conjunction with the review. $CNDT PR link.

Roper Technologies(PBR518) to acquire cloud-based software solutions provider for the life insurance and annuity industries serving over 500,000 agents iPipeline for $1.625 billion cash, to close in 3Q19. $ROP PR link.

Laureate Education(PBR683) authorizes new up to $150 million stock repurchase program of its Class A common stock, expects to complete by 06/30/20. $LAUR PR link.

La-Z-Boy(PBR934) to close its Redlands, CA, upholstery manufacturing facility in 10/19 and move production to available capacity at its other N American facilities, will impact 350 employees; will transition the leather cut-and-sew operation from its Newton, MS upholstery manufacturing plant to its other N American-based cut-and-sew facility, will affect 105 of 525 employees at that location. $LZB PR link.

Vitamin Shoppe(PBR995) to be acquired by Liberty Tax(OTC PINK: TAXA) for $6.50/share, $208 million cash, a 43% premium to its closing share price on 08/07/19, to be completed in 4Q19. $VSI PR link.

The US Dept of Commerce/Census says the US Preliminary June 2019 Wholesale Sales-Durable Goods was at $241.2 billion, Non-Durable Goods $257.3 billion, Total $498.5 billion, -0.3% from May 2019, -0.2% from June 2018. USDOC PR link.

***Wednesday, August 7:

The July 2019 Snapshot 12 Summary: The PBR1000 Top 5 Stock Price Performers Since 12/29/17(19 Months)(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 07/31/19 Stock Price, % Increase from 12/31/18):

1. AMD, PBR444, $AMD, $30.45, +196%
2. Chipotle, PBR536, $CMG, $795.53, +175%
3. Rent-A-Center, PBR794, $RCII, $27.03, +144%
4. FTI Consulting, PBR884, $FCN, $104.45, +143%
5. Square, PBR691, $SQ, $80.41, +132%

Range: +196% to -99%
Number of Companies at 0% or Better:482/993
Average: +7.12%(PBR399)
Median: -1.59%(PBR496)
DJIA: +8.68%
NASDAQ: +18.43%
SPX: +11.47%

Tomorrow: The PBR1000 July 2019 Top 5 By Market Capitalization.

Walmart(PBR1 $WMT) considering strategic options for its Modcloth unit acquired in 2017.Glossy PR link.

FedEx(PBR43 $FDX) to end ground deliveries for Amazon(PBR5), contract ends after 08/31/19. MarketWatch PR link.

Nike(PBR79) has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston, MA, terms not disclosed. $NKE PR link.

Salesforce(PBR238) to acquire cloud based field service management solutions developer and provider ClickSoftware for around $1.35 billion, to close by 10/31/19. $CRM PR link.

Huntsman(PBR328) to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses located in Texas and Australia to Indorama Ventures for $2.076 billion, to close by 12/31/19. $HUN PR link.

AMC Entertainment(PBR499) crosses 900,000 members paying $19.95-$23.95/month, depending on state, for its AMC Stubs A-Listprogram. $AMC PR link.

IAC(PBR589) in 2Q19 letter to shareholders says it is considering spinning its two large publicly traded subsidiaries, MTCH and ANGI, evaluating options, also is largest investor with $250 million large minority investment in new global marketplace called Turo, a car sharing service provider. $IAC PR link.

TransDigm(PBR631) to sell its Esterline Interface Technologies group of businesses, part of 03/19 acquisition of Esterline Technologies, to an affiliate of KPS Capital Partners for approximately $190 million,to close in 1Q20. $TDG PR link.

Barnes & Noble(PBR659) $6.50/share, around $683 million acquisition by UK affiliates of Elliott Management is completed. $BKS PR link.

Groupon(PBR795) launches Groupon Select, a $4.99/mo membership program, benefits include an extra 25% off local deals in your neighborhood, an extra 15% off plus free shipping on all Groupon Goods orders and an extra 10% off travel, live events and tickets. $GRPN PR link.

Blue Apron($APRN) to end pilot partnership with Walmart(PBR1 $WMT)’s Jet.com but continue with WW(PBR957 $WW)(fka Weight Watchers)MarketWatch PR link.

Conduent(PBR505) President/COO Cliff Skelton appointed interim CEO, effective immediately, succeeds Ashok Vemuri per plan announced 05/08/19. $CNDT PR link.

The US Federal Reserve System says the US Preliminary June 2019 Consumer Credit Outstanding-Revolving is at $1.072 trillion, Non-Revolving $3.031 trillion, Total $4.102 trillion, +0.4% from May 2019, +2.3% YTD(7 Months), +5.3% from June 2018. USFED PR link.

FannieMae(PBR21) says the US July 2019 Home Purchase Sentiment Index is at 93.7, June 2019 was at 91.5, May 2019 92.0, July 2018 86.5. “Consumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges…” $FNMA PR link.

***Tuesday, August 5:

The July 2019 Snapshot 12 Summary: The PBR1000 Top 5 Stock Price Performers YTD(7 Months)(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 07/31/19 Stock Price, % Increase from 12/31/18):

1. Diebold Nixdorf, PBR554, $DBD, $13.91, +459%
2. Snap, PBR990, $SNAP, $16.80, +205%
3. Avon Products, PBR492, $AVP, $4.25, +180%
4. SunPower, PBR936, $SPWR, $11.69, +135%
5. FannieMae, PBR21, $FNMA, $2.28, +115%

Range: +459% to -99%
Number of Companies at 0% or Better:777/994
Average: +19.92%(#440)
Median: +17.19%(#497)
DJIA: +15.16%
NASDAQ: +23.21%
SPX: +18.89%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/29/17(19 Months).

Amazon(PBR5) expanding test of Amazon Scout self-driving delivery cooler sized 6 wheel vehicle currently available near Amazon’s Seattle headquarters to include Irvine, CA. $AMZN PR link.

Amazon(PBR5) starts new and current Prime Student members subscription to Amazon Music Unlimited to get more than 50 million songs plus thousands of curated playlists and stations at the new price of $0.99/month. $AMZN PR link.

Walt Disney(PBR52 $DIS) sets high bar with new $12.99 streaming bundle for Disney+, ESPN+ and Hulu, to be available 11/12/19.MarketWatch PR link.

Cisco(PBR62) to acquire privately held Mountain View, CA based meeting transcription, voice search, and meeting highlights/action items, with robust data privacy provider Voicea, terms not disclosed. $CSCO PR link.

Aramark(PBR195) authorizes up to $200 million share repurchase program, expires 07/31/22. $AMRK PR link.

Aramark(PBR195) acquires privately-held Good Uncle, an app-based on-demand food delivery service that brings freshly prepared, restaurant quality meals to conveniently located pick-up points around college campuses, terms not disclosed. $ARMK PR link.

MasterCard(PBR208) to acquire the clearing and instant payment services, and e-billing solutions businesses of European paytech company Nets’ Corporate Services unit for approximately $3.19 billion, to close in 1H20. $MA PR link.

CBS(PBR213) and Nextstar Media(PBR770)sign multi-year agreement that renews CBS network affiliations for Nexstar stations in fifteen markets that reach approximately 5% of the US audience and nearly six million households. $CBS PR link.

Viacom(PBR242) to acquire Paws, Inc., the entity holding global intellectual property rights to the Garfield and the U.S. Acres franchises, including corresponding rights related to content, consumer products, and location-based experiences, to close in the upcoming weeks. $VIA PR link.

Fox Corp(PBR304) Entertainment division has acquired Emmy® Award-winning animation studio production company Bento Box Entertainment, developer of “Bob’s Burgers. $FOX PR link.

Fifth Third Bancorp(PBR375) will raise its minimum wage to $18/hour for approximately 4,900 employees beginning 10/28/19, previously raised minimum wage from $12/hour to $15/hour in 01/18. $FITB PR link.

Kelly Services(PBR495) President/CEO George Corona to retire on 09/30/19, will remain on the Board, EVP Peter Quigley to become President/CEO and Board member on 10/01/19. $KELYA PR link.

The US Dept of Labor says the US Preliminary June 2019 Job Openings-Private were at 6,629,000, Government 719,000, Total7,348,000, -0.5% from May 2019, -0.6% from June 2018. USDOL PR link.

The PurdueU/CME Group US July 2019 Ag Economy Barometer Composite Index is at 153, June 2019 was at 126, May 2019 101, July 2018 117. “… the big driver of the overall sentiment improvement was producers’ improved perspective on current conditions.” PurdueU/CME PR link.

***Monday, August 5:

The July 2019 Snapshot 11 Summary: The PBR1000 Top 5 Month Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 07/31/19 Stock Price, % Increase from 06/28/19):

1. Tower Intl, PBR951, $TOWR, $30.80, +58%
2. Dean Foods, PBR384, $DF, $1.45, +58%
3. Diebold Nixdorf, PBR554, $DBD, $13.91, +52%
4. Quad/Graphics, PBR595, $QUAD, $11.31, +43%
5. GNC, PBR839, $GNC, $2.08, +39%

Range: +58% to -73%
Number of Companies at 0% or Better:550/1,000
Average: +0.84%(#482)
Median: +0.69%(#500)
DJIA: +0.99%
NASDAQ: +2.11%
SPX: +1.31%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/31/18(7 Months).

Hewlett Packard Enterprises(PBR97) has acquired the business assets of MapR, a leading data platform for artificial intelligence and analytics applications powered by scale-out, multi-cloud and multi-protocol file system technology, terms not disclosed. $HPE PR link.

Textron(PBR226) is reviewing strategic alternatives for its Bonn, Germany based Kautex business unit, which produces fuel systems and other functional components, operates over 30 plants in 14 countries and generated over $2.3 billion in revenue in 2018, options include a sale, tax-free spin-off or other transaction. $TXT PR link.

Fox Corp(PBR304) to acquire 67% of equity in provider of a differentiated and personalized experience for consumers to compare instant, accurate pre-qualified rates from multiple financial institutions across student loans, personal loans and mortgages Credible Labs(ASX: CRD) for around $265 million, will commit an additional $75 million of growth capital over 2 years, to close in 4Q19. $FOX PR link.

LPL Financial(PBR519) completes acquisition of 33 advisors, $3 billion in client assets, Allen & Company of Florida, terms not disclosed. $LPLA PR link.

Gannett(PBR745) to be acquired by New Media Investment Group(NYSE: NEWM) for $12.06/share cash and stock, around an 18% premium, around $1.35 billion, New Media’s current Chairman/CEO Michael Reed to be lead executive, Gannett’s newly appointed CEO Paul Bascobert will become CEO of the combined company’s operating subsidiary. $GCI PR link.

The Institute for Supply Management says the US July 2019 Non-Manufacturing Index(>50%=Economy growing) is at 53.7%, June 2019 was at 55.1%, May 2019 56.9%, July 2018 56.7%. “Respondents indicated ongoing concerns related to tariffs and employment resources. Comments remained mixed about business conditions and the overall economy.” ISM PR link.

The IHS Markit US July 2019 Composite PMI Output Index is at 52.6, June 2019 was at 51.5, May 2019 50.9, July 2018 55.7. “The rise was led by service providers who registered a faster increase in output, with manufacturers only recording a slight upturn in production.” IHS Markit PR link.

TD Ameritrade(PBR500) reviews its July 2019 Investor Movement Index(IMX) for the record month. $AMTD PR link.

***Friday, August 2:

The PBRMarketTools US Stock Exchanges Recap for Week 31 ending 08/02/19:

DJIA ends Week 31 at 26,485.01, -2.60% from last Friday, -1.41% MTD, -0.43% QTD, +13.54% YTD, -3.20% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 31 at 8,004.07, -3.92% from last Friday, -2.10% MTD, -0.03% QTD, +20.63% YTD, -3.92% from record 8,330.21 set 07/26/19.

SPX ends Week 31 at 2,932.05, -3.10% from last Friday, -1.62% MTD, -0.33% QTD, +16.96% YTD, -3.10% from record 3,025.86 set 07/26/19.

The Week 31 News Summary: At the beginning of the week most attention was focused on the US Federal Reserve. On Wednesday they knocked 0.25% off the federal short term funds rate. International trade was also a hot issue as the US/China talks appear to not have made much progress, they plan to meet again in September. N Korea lobbed some missiles into the sea as a protest against planned US/S Korea military exercises. In US politics the Democrats held their second round of debates featuring 20 wannabe challengers to President Trump, former VP Joe Biden continues to be the leader. Capital One announced that information on 100 million US people had been hacked. Corporate earnings were mostly mixed. The US economyis growing modestly, but jobs and wage growth are bright spots. The Stock Market Bearseverely clawed The Stock Market Bull, especially after the funds rate cut, and eagerly takes Week 31 3-0.

The Week 31 of 2019 tally YTD is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 9 weeks
Mixed Results: 6 weeks

Manpower(PBR134) authorizes new 6 million shares share repurchase program, is in addition to the share repurchase program authorized in 08/18, of which approximately 1.9 million shares remained available on 06/30/19. $MAN PR link.

YUM(PBR485 $YUM) Pizza Hut unit will close hundreds of locations to focus on carry out and delivery. MarketWatch PR link.

Hill-Rom(PBR758) to acquire Irvine, CA based $10 million in revenues/year Breathe Technologies, Inc, developer and manufacturer of a patented wearable, non-invasive ventilation technology that supports improved patient mobility, for $130 million cash. $HRC PR link.

Bristow Group(PBR966) files Chapter 11 plan of reorganization and a related disclosure statement with the US Bankruptcy Court, reaffirms plan to emerge from Chapter 11 Bankruptcy in 4Q19. $BRSWQ PR link.

The US Dept of Labor says that the US July 2019 Available Work Force is at 163,351,000, Employed at 157,288,000, +223,000 from June 2019, +1,264,000 from July 2018, Unemployedat 6,123,000, +147,000 from June 2019, -122,000 from July 2018, Unemployment Rateis at 3.7%, June 2019 was at 3.7%, July 2018 was at 3.8%. USDOL PR link.

The US Dept of Commerce says the US June 2019 Exports-Goods were at $137.1 billion, Services $69.2 billion, Total Exports $206.3 billion, June 2019 Imports-Goods were at $212.2 billion, Services $49.2 billion, Total Imports $261.4 billion, June 2019 Deficit $55.1 billion, June 2019 Deficit YTD(6 months) is at $316.3 billion, June 2018 Deficit YTD was $293.7 billion. USDOC PR link.

The US Dept of Commerce/Census says the US Preliminary June 2019 Manufacturing New Orders-Durable Goods were at $245.4 billion, Non-Durable Goods $248.4 billion, Total Manufacturing Orders $493.8 billion, +0.6% from May 2019, -1.6% from June 2018, June 2019 Total YTD(6 months) is at $2.982 trillion, +0.6% from June 2018 Total YTD. USDOC PR link.

The U of Michigan US Final July 2019 Consumer Sentiment Index is at 98.4, June 2019 was at 98.2, May 2019 100.0, July 2018 97.9. “… consumers do not anticipate a rapid acceleration in income growth rates, nor do they expect significant changes in inflation and unemployment rates. Consumers have not ignored mounting policy uncertainties as they have begun to take precautionary measures to increase savings and reduce debt.” UMichigan PR link.

***Thursday, August 1:

DuPont(PBR34) in 2Q19 report says it has authorized a $2 billion share repurchase program, $250 million repurchased to date. $DD PR link.

Target(PBR38) is celebrating the 20th anniversary of its first designer partnership, bringing back nearly 300 original, iconic items from 20 past designer partnerships, scheduled for Fall 2019. $TGT PR link.

Lowe’s(PBR41 $LOW) eliminating thousands of jobs, to outsource jobs of maintenance and assembly workers to third-party companies. MSN PR link.

3M(PBR90) completes $230 million sale of its 500 employees gas and flame detection business to Teledyne(PBR747)$MMM PR link.

3M(PBR90) says over 5,000 lawsuits against the 3M™ Bair Hugger™ system have been dismissed in Minnesota federal court, decision does not dismiss two similar cases filed in state courts in Missouri and Texas. $MMM PR link.

Salesforce(PBR236) completes $15.7 billion all-stock acquisition of self-service analytics platform provider Tableau Software(NYSE: DATA)$CRM PR link.

Icahn Enterprises(PBR289) completes around $550 million sale of its 77% stake in majority-owned subsidiary Ferrous Resources Limitedto a wholly-owned subsidiary of Brazil based Vale SA. $IEP PR link.

Campbell Soup(PBR340) to sell its Australia brand Arnott’s, $885 million in the latest 12 months and approximately 3,800 employees, and certain of Campbell’s International operations to KKR(PBR832) for $2.2 billion cash, to close in 1H20. $CPB PR link.

Dick’s Sporting Goods(PBR351) launches its own apparel brand, DSG, available at its stores and its online site only. $DKS PR link.

UGI Corp(PBR389) Energy Services subsidiary completes around $1.275 billion acquisition of Columbia Midstream Group of a subsidiary of TC Energy Corporation (NYSE: TRP)$UGI PR link.

TreeHouse Foods(PBR479) completes $90 million sale of its Snacks Division, to generate around $670 million in revenues in 2019, to 17,000 employees in 150 locations worldwide Atlas Holdings$THS PR link.

Western Union(PBR489) in 2Q19 report says implementing a new Global Strategy designed to drive improved efficiency, profitability, and long-term revenue growth, will include headcount reduction of approximately 10% and a consolidation of corporate and business offices. $WU PR link.

Terex(PBR521) has completed the sale of its Demag® Mobile Cranes business to Tadano Ltd for an enterprise value of approximately $215 million. $TEX PR link.

SAIC(PBR546) COO Nazzic S Keene is now CEO as planned, succeeds Tony Moraco who has retired. $SAIC PR link.

Penn Natl Gaming(PBR656)‘s Tim Wilmott to retire as CEO and Board member effective 12/31/19, President/COO Jay Snowden to be successor on 01/01/20. $PENN PR link.

GoDaddy(PBR795) CEO Scott Wagner is stepping down for health reasons, effective 09/04/19, Aman Bhutani hired as successor. $GDDY PR link.

The US Dept of Commerce/Census says the US Preliminary June 2019 Construction Spending Annual Rate-Residential is at $513.2 billion, Non-Residential was at $773.8 billion, Total $1.287 trillion, -1.3% from May 2019, -2.1% from June 2018. USDOC PR link.

The Institute for Supply Management says the US July 2019 Manufacturing PMI Index(>50%=economy expanding) is at 51.2%, June 2019 was at 51.7%, May 2019 52.1%, July 2018 58.1%. “Respondents expressed less concern about U.S.-China trade turbulence, but trade remains a significant issue. More respondents noted supply chain adjustments as a result of moving manufacturing from China. Overall, sentiment this month is evenly mixed…” ISM PR link.

The IHS Markit US July 2019 Manufacturing PMI is at 50.4, June 2019 was at 50.6, May 2019 50.5, July 2018 55.3. “The latest reading signalled a fractional improvement in the health of the manufacturing sector, but also indicated the slowest overall expansion since the height of the financial crisis in September 2009.”IHS Markit PR link.

***Wednesday, July 31:

The PBRMarketTools US Stock Exchanges Recap for July 2019 ending 07/31/19:

DJIA ends July 2019 at 26,864.27, -1.21% from last Friday, +0.99% MTD/QTD, +15.16% YTD, -1.81% from record 27,359.16 set 07/15/19.

NASDAQ ends July 2019 at 8,175.42, -1.86% from last Friday, +2.11% MTD/QTD, +23.21% YTD, -1.86% from record 8,330.21 set 07/26/19.

SPX ends July 2019 at 2,980.38, -1.50% from last Friday, +1.31% MTD/QTD, +18.89% YTD, -1.50% from record 3,025.86 set 07/26/19.

The July 2019 YTD(7 months) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

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

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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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The PBR1000 July 2019 Breaking News Recap

 

Welcome to the 2nd Half of 2019 for The PBR1000!

PBR1000 Stocks Investing

Summer vacations are oftentimes spent taking thrill rides at theme parks. Alternately, you can simply invest in the stock market to experience roller coaster financial thrills.

By Larry C. Paxton

The July 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Wednesday, July 31:

The PBRMarketTools US Stock Exchanges Recap for July 2019 ending 07/31/19:

DJIA ends July 2019 at 26,864.27, -1.21% from last Friday, +0.99% MTD/QTD, +15.16% YTD, -1.81% from record 27,359.16 set 07/15/19.

NASDAQ ends July 2019 at 8,175.42, -1.86% from last Friday, +2.11% MTD/QTD, +23.21% YTD, -1.86% from record 8,330.21 set 07/26/19.

SPX ends July 2019 at 2,980.38, -1.50% from last Friday, +1.31% MTD/QTD, +18.89% YTD, -1.50% from record 3,025.86 set 07/26/19.

The July 2019 News Summary: The stage for July was set at the end of June when US President Trump met with China President Xi Jinping at the G20 Summit in Osaka, Japan. While there were no decisions, trade negotiations were on and off during July, the next meetings scheduled for September. President Trump also had an historic meeting with N Korea President Kim Jong-un at the DMZ, briefly entered into N Korea, and had a much longer chat than expected with Kim Jong-un afterwards. But at the end of July N Korea fired some short range rockets labelled as a kind of protest against scheduled joint US/S Korea and allies military exercises. Iran apparently attacked some oil ships, and they have exceeded the enriched nuclear material levels agreed to in a treaty the US withdrew from. UK Prime Minister Theresa May was unable to negotiate an acceptable Brexit agreement, stepped down, and the controversial and flamboyant Boris Johnson is the new PM, making Brexit his top priority. The European Central Bank signaled future funds rate cuts. The US celebrated the 243rd anniversary of Independence Day on July 4th. The US Women’s Soccer team won the World Cup. Tropical Storm Barry struck Louisiana and other Southern states, but damage was not as extensive as had been anticipated. The month started out with a strong US jobs report. 2Q19 corporate earningsreports started and are mixed with Boeing being hit by the continuing issues with its 737 MAX airplane. Robert Mueller appeared before a couple of congressional committees for hearings on his report concerning Russian interference in the 2016 presidential election and possible collusion by the Trump campaign, with no additional clarity. Capital One was hit with a large hack that is causing identity theft concerns. The Democrat Party sponsored 2 debates with 10 presidential candidates each, Joe Biden continues to be the front runner. On the last day of the month the Federal Open Market Committee approved a 0.25% cut in the federal funds rate, and each of the major US stock exchanges took >1% drop. The Gross Domestic Product Annual Rate came in at +2.1%, indicating slower growth. The 3 major US Stock Exchanges all hit records during the month, and even with the significant drop on the last day The Stock Market Bull prevailed over The Stock Market Bear to take his 6th 3-0 monthly victory over only 1 monthly loss.

The July 2019 YTD(7 months) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

Amazon(PBR5) Fashion unit launches Personal Shopper by Prime Wardrobe for Prime members, Customers complete a survey about their style and fit preferences and any additional specifics they want – then, Amazon Fashion’s stylist team will do the shopping for them, Customers get to preview their picks and select which items they want to ship and try in the comfort of their homes, $4.99/month. $AMZN PR link.

MetLife(PBR43) authorizes new $2 billion share repurchase program, $20 million left from previous $2 billion program. $MET PR link.

Wellcare Health Plans(PBR151) to hire 300+ full-time positions to support N Carolina‘s transition to Medicaid managed care. $WCG PR link.

FIS(PBR353) completes enterprise value of $43 billion stock and cash acquisition of payment technology company Worldpay(PBR584)$FIS PR link.

WellTower(PBR544) has acquired five purpose-built, private pay seniors housing properties recently developed and managed by Sunrise Senior Living for $285 million, located in Washington DC, San Francisco, and San Diego metro areas, Sunrise will continue to manage the communities. $WELL PR link.

WellTower(PBR544) has acquired a six-community portfolio located in the Denver and Boulder metropolitan statistical areas for $308 million in partnership with Colorado-based Balfour Senior Living$WELL PR link.

WellTower(PBR544) to acquire a 43-acre, 6-building, 270,000 square foot medical office campus in Berkeley Heights, NJ for $140 million, campus will be master leased by Summit Medical Group$WELL PR link.

WellTower(PBR544) partner Benchmark Senior Living has recapitalized the Benchmark Senior Living 4,137-unit seniors housing portfolio in 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont for $1.8 billion, Welltower now has fully exited the portfolio. $WELL PR link.

WellTower(PBR544) has expanded its relationship with Discovery Senior Livingthrough an off-market acquisition of three infill seniors housing campuses in the Dallas-Fort Worth and San Antonio metropolitan areas, transaction includes Welltower signing for a $1 billion exclusive development agreement. $WELL PR link.

Penn Natl Gaming(PBR656) enters into multi-year agreements with leading sports betting operators DraftKings, PointsBet, theScore and The Stars Group for online sports betting and iGaming market access across the Company’s portfolio. $PENN PR link.

Albemarle(PBR681) will acquire 60% ownership of Mineral Resources Limited(ASX: MIN)Wodgina hard rock lithium mine in Western Australia and form a 60-40 joint venture with MRL to operate the mine and battery grade lithium hydroxide production facilities, original agreement was a 50% and 50/50 deal. $ALB PR link.

Carlyle Group(PBR828) to convert to a Full C-Corporation effective 01/01/20. $CG PR link.

The Cheesecake Factory(PBR844) to acquire Phoenix, AZ based Fox Restaurant Conceptsand the remaining interest in North Italia for $308 million cash plus an additional $45 million due ratably over the next four years, to close in 3Q19. $CAKE PR link.

Molson Coors(PBR283) President/CEO Mark Hunter to retire effective 09/27/19, US unit MillerCoors President/CEO Gavin Hattersley named successor. $TAP PR link.

The Federal Open Market Committeecompletes its meeting and issues a statement saying, “In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent.” FOMC PR link.

The US Dept of Labor says the US 2Q19 Civilian Workers-All Cost Index(12/2005=100)is at 137.0, 1Q19 was at 136.2, 4Q18 135.2, 2Q18 133.3. USDOL PR link.

ADP(PBR235) says the US Preliminary July 2019 Change In Employment was at +156,000, +11,000 from Small Businesses(1-49 employees), +67,000 from Mid-Sized Businesses(50-499), and 78,000 from Large-Sized Businesses(500 or more), +9,000 were from the Goods-Producing Sector, +146,000 from the Services-Provider Sector. $ADP PR link.

The US Dept of Treasury says that the US 07/30/19 National Public Debt is at $16.214 trillion, Intragovernmental Holdings Debt $5.809 trillion, Total US Debt $22.023 trillion, +0.2% YTD, +3.3% from 07/31/18. USTreasury PR link.

The US Dept of Treasury says the US 10 Year Treasury Note Yield on 07/31/19 is 2.02%, 06/28/19 was at 2.00%, 05/31/19 2.14%, 07/31/18 2.96%. USTreasury PR link.

The US Energy Information Administrationsays US Millions of Barrels of Crude Oil Stocks on 07/26/19 were at 436.5, 06/21/19 was at 469.6, 05/24/19 476.5, 07/20/18 404.9. EIA PR link.

The Federal Reserve Bank of Chicago says the US 7th District Preliminary June 2019 Midwest Economy Index is at -0.31, May 2019 was at -0.22. ChiFed PR link.

The MNI July 2019 Chicago Business Barometer(<50=economy declining) is at 44.4, June 2019 was at 49.7, May 2019 54.2, July 2018 65.5. “Sentiment faded further with firms facing weakness across the board. Global risks, trade tensions, slowdown in demand and sombre growth expectations, all jeopardize business conditions. Firms are not panicking yet …” MNI PR link.

The American Automobile Assn says the US Regular Average Gas Price Per Gallon on 07/31/19 is at $2.721, 06/28/19 was at $2.708, 05/31/19 $2.825, 07/31/18 $2.862. AAA PR link.

The US Dollar Price for a Euro Dollar at the close of 07/31/19 is at $1.1052, 06/28/19 was at $1.1372, 05/31/19 $1.1171, 07/31/18 $1.1698. MarketWatch PR link.

***Tuesday, July 30:

Amazon(PBR5) to open its 15th Pennsylvanian operations facility in Pittsburgh, facility will have 1+ million sf, will create more than 800 new, full-time jobs starting at $15 an hour. $AMZN PR link.

BB&T(PBR239) shareholders approve merger with SunTrust Banks(PBR294) and name of new company to be Truist Financial Corporation. In a separate release SunTrust shareholders also approve merger. To close late 3Q19 to early 4Q19. $BBT PR link.

Berry Global(PBR379) completes sale of its Seal for Life business, with annual sales of around $120 million, to Arsenal Capital Partners for approximately $330 million. $BERY PR link.

Brown-Forman(PBR586) and Bacardi to end UK cooperation agreement in 04/20. $BFB PR link.

Wyndham Destinations(PBR618) to sell its Wyndham Vacations Rentals business to Vacasa, N America’s largest vacation rental management platform, for around $162 million, to close in Fall of 2019. $WYND PR link.

NuStar(PBR897) completes around $250 million sale of its storage terminal facility located at St. Eustatius in the Caribbean to Prostar Capital$NS PR link.

Newell Brands(PBR344) hires Ravi Saligram as CEO and member of the Board, effective 10/02/19. $NWL PR link.

The US Dept of Commerce/BEA says the US Preliminary June 2019 Personal Income Annual Rate is at $18.676 trillion, +0.5% from May 2019, +5.4% from June 2018, June 2019 Personal Taxes were at a $2.221 trillion rate, an 11.9% Effective Tax RateDisposable Personal Income was at a $16.455 trillion rate, Personal Outlays $15.119 trillion rate, for a Personal Savings of $1.336 trillion rate, for a Personal Savings Rate of 8.1%. USDOC PR link.

The S&P CoreLogic Case-Shiller US May 2019 National Home Price Index(01/2000=100) is at 209.66, April 2019 was at 207.91, March 2019 206.02, May 2018 202.70. Case-Shiller PR link.

The Conference Board says the US July 2019 Consumer Confidence Index(1985=100) is at 135.7, June 2019 was at 124.3. “Consumers are once again optimistic about current and prospective business and labor market conditions. In addition, their expectations regarding their financial outlook also improved. These high levels of confidence should continue to support robust spending in the near-term despite slower growth in GDP.” TCB PR link.

***Monday, July 29:

Pfizer(PBR59)’s Upjohn division to be spunoff and combine with Mylan(PBR270) to form a separate to be named US based independent public company with around $20 billion in 2020 revenues, to close in mid 2020. $PFE PR link.

Bristol-Myers Squibb(PBR131) gets European Commission unconditional approval for $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(PBR203), waiting for additional regulatory approvals, on track to close late 2019/early 2020. $BMY PR link.

CBS(PBR212) and Altice USA(PBR318) reach new comprehensive, multi-year content carriage agreement, covers retransmission consent for CBS-owned stations and the carriage of SHOWTIME™, CBS Sports Network, Pop TV and Smithsonian Channel™ on Altice’s Optimum and Suddenlink cable systems. $CBS PR link.

Parker Hannifin(PBR213) to acquire privately held Kent, WA based designer and manufacturer of high temperature, high pressure air and exhaust management solutions for aircraft and engines, with annual sales of approximately $450 million and 1,600 team members across three US locations Exotic Metals Forming Co, for $1.725 billion cash, to close by 10/31/19. $PH PR link.

Fiserv(PBR478) completes all stock transaction for equity value of around $22 billion, $22.74/share acquisition of First Data(PBR322)$FISV PR link.

Greenbrier(PBR812) completes $430 million acquisition of manufacturing business of St Charles, MO-based American Railcar Industries from ITE Management LP$GBX PR link.

Mylan(PBR270) CEO Heather Bresch to retire upon closing of Pfizer(PBR59) Upjohn division and Mylan merger, with company since 1992. $MYL PR link.

Thor Industries(PBR360) names Andy Graves as Chairman, effective 08/01/19, will be 1st independent Chairman. $THO PR link.

***Friday, July 26:

The PBRMarketTools US Stock Exchanges Recap for Week 30 of 2019 ending 07/26/19:

DJIA ends Week 30 at 27,192.45, +0.14% from last Friday, +2.23% MTD/QTD, +16.57% YTD, -0.16% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 30 at record 8,330.21, +2.26% from last Friday, +4.05% MTD/QTD, +25.54% YTD, +0.00% from record 8,330.21 set 07/26/19.

SPX ends Week 30 at record 3,025.86, +1.65% from last Friday, +2.86% MTD/QTD, +20.70% YTD, +0.00% from record 3,025.86 set 07/26/19.

The Week 30 News Summary: It appears that US/China trade negotiations are going to be starting up again, the UK makes Boris Johnsonits new Prime Minister based on his promise to get the UK out of the European Union, and the European Union Central Bank has signaled it might be cutting interest rates. In the US Robert Mueller was interrogated by two House committees regarding his work on alleged Russian collusion in the 2016 presidential election and possible obstruction by the Trump campaign, with little new information revealed, but more hearings and litigation likely. Congress seems close to passing a bill that would raise the debt ceiling and fund the government through the 2020 election. The US economy has slowed somewhat with the advance 2Q19 annual GDP growth rate released and calculated at 2.1%. Corporate earnings were somewhat mixed, with Boeing taking a big dip from more delays on the 737 MAX airplane, but it was a good week for tech stock with NASDAQ and the SPX ending the week with record closes as The Stock Market Bull came out of last week’s slumber to inflict a big gore wound in The Stock Market Bear and get a resounding 3-0 victory in Week 30.

The Week 30 YTD tally is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 8 weeks
Mixed Results: 6 weeks

T-Mobile US(PBR68) gets US Dept of Justiceapproval for $59 billion all stock acquisition of Sprint(PBR85) per divesting of Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets to DISH(PBR228) for $5 billion, expects additional regulatory approvals in 3Q19, to close in 4Q19. $TMUS PR link.

Ferrellgas(PBR880) gets non-compliance listing notice from the NYSE, stock price ended previous month at under $1.00 per share, has 6 months to come into compliance. $FGP PR link.

Dean Foods(PBR384) hires Eric Beringause as President/CEO and member of the Board, effective 07/29/19, to succeed Ralph Scozzafava who has stepped down as CEO and resigned from the Board. $DF PR link.

The US Dept of Commerce/BEA says the US Preliminary 2Q19 Gross Domestic Product Annual Rate is at +2.1%, $21.338 trillion, +1.1% from 1Q19, +4.0% from 2Q18. USDOC PR link.

***Thursday, July 25:

Apple(PBR3 $AAPL) to acquire majority of Intel(PBR42)’s smartphone modem business, includes approximately 2,200 employees along with intellectual property, equipment and leases, transaction valued at $1 billion, to close 4Q19. $INTC PR link.

Charles Schwab(PBR305) to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for $1.8 billion in cash, also agreed to enter into a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth management and brokerage provider for USAA members, to close during 2020. $SCHW PR link.

Colony Capital(PBR793) has acquired nearly $20 billion of digital infrastructure global manager Digital Bridge Holdings for $325 million, Digital founder/CEO Marc C. Ganzi to become Colony CEO in next 18-24 months, to succeed Tom Barrack, who will return to being Executive Chairman. $CLNY PR link.

Targa Resources(PBR292) President Matthew J. Meloy to become CEO and member of the Board on 03/01/20, current CEO Joe Bob Perkins to remain on management team and be Executive Chairman, to succeed retiring Executive Chairman James W. Whalen. $TRGP PR link.

YUM!(PBR485) hires Mark King as Taco Bell Division CEO and promotes Artie Starrs to Pizza Hut Division CEO, both effective 08/05/19. $YUM PR link.

Vertex Pharmaceuticals(PBR721)Chairman/President/CEO Jeffrey Leiden, MD, PhD, to become Executive Chairman on 04/01/20, Chief Medical Officer Reshma Kewalramani, MD will become President/CEO and member of the Board at that time. $VRTX PR link.

MGIC Investment(PBR996) President/CEO Patrick Sinks named Vice Chairman, EVP/CFO Timothy Mattke named CEO and elected to the Board, Salvatore Miosi appointed President/COO, Nathaniel Colson appointed EVP/CFO, all effective immediately. $MTG PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims 4 Week Moving Average on 07/20/19 is at 213,000, -3.7% from 06/22/19, -2.3% from 07/21/18; Total Insured Unemployment 4 Week Moving Average on 07/13/19 is at 1,697,250, +0.6% from 06/15/19, -2.8% from 07/14/18. USDOL PR link.

The US Dept of Commerce/Census says the US 2Q19 Total Housing Units is at 139,497,000, +366,000 from 1Q19, +1,152,000 from 2Q18, 122,453,000 are Occupied, 78,515,000 by Owners, 43,938,000 by Renters, Occupancy Rate is 87.2%, Homeownership Rate is 64.1%. USDOC PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Home Mortgage Rate on 07/25/19is at 3.75% with 0.5 points/fees, the rate was 3.73% on 06/27/19, 3.99% on 05/30/19, 4.54% on 07/26/18. $FMCC PR link.

***Wednesday, July 24:

Facebook(PBR55) in 2Q19 report says it had 2.41 billion monthly active users as of 06/30/19, an increase of 8% year-over-year, to pay $5.0 billion fine per agreement with the US Securities and Exchange Commission for its platform and user data practices, mobile advertising revenue represented approximately 94% of advertising revenue. $FB PR link.

Facebook(PBR55 $FB) to pay $100 million for misleading investors about the risks it faced from misuse of user data per settlement with the US Securities and Exchange CommissionSEC PR link.

Honeywell(PBR71) has acquired privately held TruTrak Flight Systems, a developer and provider of autopilots for experimental, light-sport and certified aircraft, has 15,000+ installations, terms not disclosed. $HON PR link.

Tenet Healthcare(PBR165) concludes strategic review that started in 12/17, to pursue a tax-free spin-off of its Conifer Health Solutions business as a separate, independent publicly traded company, to be completed by 2Q21. $THC PR link.

American Electric Power(PBR187) completes acquisition of 75%, or 227 megawatts, of the Santa Rita East Wind Project, located about 70 miles west of San Angelo,TX, from Invenergy Renewables, who retains 25% stake, increases AEP’s contracted renewables portfolio to 1,302 megawatts, terms not disclosed. $AEP PR link.

Booking(PBR210)’s OpenTable online restaurant reservations service is partnering with Caviar, Grubhub and Uber Eats to offer delivery and pick-up options at thousands of restaurants on OpenTable’s newly updated iOS app. $BKNG PR link.

Live Nation(PBR282) to acquire controlling interest in OCESA Entretenimiento, promotes more than 3,100 events for nearly 6 million fans annually across Mexico and Colombia, terms not disclosed. $LYV PR link.

Moody’s(PBR571) has acquired a majority stake in Berkeley, CA based Four Twenty Seven, a provider of data, intelligence, and analysis related to physical climate risks, has detailed data covering over 2,000 listed companies, one million global corporate facilities, 320 REITs, 3,000 US counties, and 196 countries, terms not disclosed. $MCO PR link.

The US Dept of Commerce/HUD says the US Preliminary June 2019 New Family Home Sales Annual Rate is at 646,000 units, +7.0% from May 2019, +4.5% from June 2018; June 2019 Median New Family Home Price is at $310,400, +2.3% from May 2019, -0.0% from June 2018. USDOC PR link.

ADP(PBR235) in its US 2Q19 Workforce Vitality Report says Wage Growth was at +4.0%, +0.2% from 1Q19, +1.0% from 2Q18; 2Q19 Wage Level was at $28.54, +$0.14 from 1Q19, +$1.08 from 2Q18. $ADP PR link.

***Tuesday, July 23:

UPS(PBR40) to expand services, including network of pickup and dropoff locations to 21,000 in the US, 40,000 globally, to start 7 day service on 01/01/20, has applied to the US FAA to operate a newly established UPS subsidiary UPS Flight Forward to do drone deliveries. $UPS PR link.

Starbucks(PBR114) to expand 11 market rollout to make Starbucks® Delivers available throughout the US in early 2020 through an agreement with Uber(PBR269)’s Uber Eats as the preferred delivery provider of Starbucks® items. $SBUX PR link.

Bed Bath & Beyond(PBR250) reduces corporate staff by around 7%, including elimination of the President/COO position. $BBBY PR link.

Realogy(PBR469) in collaboration with Amazon(PBR5) launches new homebuying program across its real estate brands called TurnKey, available initially in 15 US cities, includes free Amazon Move-In Benefit, valued from $1,000 to $5,000* in complimentary products and Amazon Home Services courtesy of Realogy. $RLGY PR link.

Harley-Davidson(PBR483) 6 months vehicle retail sales are at 120,997 units, was 129,514 units in 2018, motorcycles shipped from its Thailand operations to the EU to receive more favorable tariff treatment than if they were shipped from the US. $HOG PR link.

Brunswick(PBR520) to realize a reduction of approximately $50 million in annual run-rate costs, due in large part to a 9% reduction in its global salaried workforce. $BC PR link.

Skechers(PBR549) launches “Shaq by Skechers” basketball footwear for kids through its Skechers Kids brand. $SKX PR link.

Quad/Graphics(PBR596) $1.4 billion all shares acquisition of LSC Communications(PBR631)is terminated by mutual agreement because of costly and time consuming regulatory lawsuits, Quad will pay LSC a reverse termination fee of $45 million. $QUAD PR link.

Newmont Goldcorp(PBR404) EVP/COO Tom Palmer to succeed Gary Goldberg as President/CEO on 10/01/19. $NEM PR link.

The US Dept of Justice’s Antitrust Divisionannounces it is reviewing whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers. DOJ PR link.

The Federal Reserve Bank of Richmond says the 5th District July 2019 Manufacturing Composite Index(Annualized) is at -12%, June 2019 was at +2%, May 2019 +7%, July 2018 +21%. “… respondents were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the 5th District July 2019 Service Sector Revenue Index(Annualized) is at +11%, June 2019 was at +16%, May 2019 +3%, July 2018 +24%. “Firms … reported growth in spending and were optimistic that business would stay strong in the next six months.” RichmondFed PR link.

The Natl Assn of Realtors says the US Preliminary June 2019 Existing Home Sales Annual Rate is at 5,270,000, -1.7% from May 2019, -2.2% from June 2018; June 2019 Median Existing Home Price is at $285,700, +2.9% from May 2019, +4.3% from June 2018. NAR PR link.

***Monday, July 22:

Amazon(PBR5) to open two new Ohio fulfillment centers, one in Akron and the other in Rossford, creating more than 2,500 full-time jobs. AMZN PR link.

Amazon(PBR5) signs international best-selling author Dean Koontz for a five-book deal, the first one to be out in Spring 2020, and a collection of six short thrillers, to be available 11/12/19 for free for Prime and Kindle Unlimited customers. $AMZN PR link.

Microsoft(PBR25) in multi-year deal to invest $1 billion in OpenAI to jointly build new Azure AI supercomputing technologies, OpenAI will port its services to run on Microsoft Azure, which it will use to create new AI technologies and deliver on the promise of artificial general intelligence, Microsoft will become OpenAI’s preferred partner for commercializing new AI technologies. $MSFT PR link.

Starbucks(PBR114) to license technology to San Francisco, CA, and Seattle, WA based Brightloom – formerly eatsa – taking equity stake and seat on the tech company’s board of directors, Brightloom will make available cloud-based software solutions to Starbucks global license partners. $SBUX PR link.

Starbucks(PBR114) and Nestlé launch Starbucks Creamers, the first time the Starbucks brand has entered the refrigerated creamer category, a growing US category, which is projected to top $7.8 billion by 2023 in the US. $SBUX PR link.

Occidental(PBR159) sends letter to shareholders in response to Icahn Enterprises(PBR288) effort to replace 4 directors on the Board and to vote on the $38 billion acquisition of Anadarko(PBR233)$OXY PR link.

Ross Stores(PBR205) announces the recent opening of 22 Ross Dress for Less® (“Ross”) and six dd’s DISCOUNTS® stores across 10 different states in June and July, part of plans to add approximately 100 stores in 2019, with 75 Ross and 25 dd’s DISCOUNTS locations. $ROST PR link.

Davita Healthcare(PBR266) commences modified “Dutch auction” tender offer for up to $1.2 billion of its common stock at a share price between $53.50 and $61.50, expires at the end of the day on 08/16/19. $DVA PR link.

TransDigm(PBR633) to sell its France based global supplier of highly-engineered interconnect solutions for harsh environments serving customers primarily in aerospace, defense and space end markets $363 million in revenues for year ending 06/30/19 Souriau-Sunbank Connection Technologies unit to Eaton Corp(PBR138) for around $920 million, was part of Esterline Technologies acquisition completed in 03/19. $TDG PR link.

Equifax(PBR675) announces $671 million resolution, includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), the Attorneys General of 48 states, Puerto Rico and the District of Columbia, and the New York Department of Financial Services (NYDFS)$EFX PR link.

Vail Resorts(PBR888) to acquire $60 million revenues in 12 months ending 07/31/19 Peak Resorts(NASDAQ: SKIS) in all stock deal for $11.00/share, around $264 million, will add 17 US ski areas to its network, to close in Fall 2019. $MTN PR link.

AutoNation(PBR140) promotes CFO Cheryl Miller to President/CEO and a director, effective immediately, is the first female CEO of a publicly traded automotive retailer, succeeds Carl Liebert who is leaving after 4 months per mutual agreement with the Board. $AN PR link.

TD Ameritrade(PBR500) President/CEO Tim Hockey to leave upon appointment of a successor, and no later than in 02/20. $AMTD PR link.

The Federal Reserve Bank of Chicago says the US Preliminary June 2019 National Activity Index is at -0.02, May 2019 was at -0.03, April 2019 -0.73, June 2018 +0.44. “Index points to economic growth near historical trend in June.” ChiFed PR link.

***Friday, July 19:

The PBRMarketTools US Stock Exchanges Recap for Week 29 of 2019 ending 07/19/19:

DJIA ends Week 29 at 27,154.20, -0.65% from last Friday, +2.08% MTD/QTD, +16.40% YTD, -0.75% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 29 at 8,146.49, -1.18% from last Friday, +1.75% MTD/QTD, +22.78% YTD, -1.35% from record 8,244.14 set 07/12/19.

SPX ends Week 29 at 2,976.61, -1.23% from last Friday, +1.18% MTD/QTD, +18.74% YTD, -1.25% from record 3,013.77 set 07/12/19.

The Week 29 News Summary: Since before the first of 2019 the primary issue impacting the US stock exchanges has been US/China tradeissues, with the bottom line being little or no progress being made to date as both sides continue to play a “who blinks first” game. In the US the economic news was somewhat mixed, with the Federal Reserve’s Beige Booksummary indicating continued modest but slowing growth and the Federal Reserve signaling a possible half point drop in the federal funds short term interest rate at the end of the month. First half corporate earnings started to be released with mixed results. The Stock Market Bull charged into Week 29 with new records for all 3 major US stock exchanges on Monday, then took a long slumber in the pasture for the rest of the week, maybe from the hard work, stress and pressure it takes to keep winning. The Stock Market Bear has his way and ends Week 29 with a 3-0 record.

The Week 29 YTD tally is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 8 weeks
Mixed Results: 6 weeks

Schlumberger(PBR89) appoints COO Olivier Le Peuch to CEO and member of the Board, effective 08/01/19, succeeds Paal Kibsgaard, who will retire as Chairman/CEO and from the Board after more than 22 years of service to the Company, Mark G. Papa, a current non-independent director, will become non-executive Chairman. $SLB PR link.

Pier 1 Imports(PBR954) creates Office of the CEO, includes Interim CEO Cheryl Bachelder, newly hired President Doug Diemoz, newly hired EVP/CFO Bob Riesbeck, and EVP/Chief Legal and Compliance Officer and Corporate Secretary Robert Bostrom. $PIR PR link.

SeaWorld(PBR973) Chairman Yoshikazu Maruyama steps down because of other commitments, will remain a Director, Director Scott Ross unanimously elected non-executive Chairman. $SEAS PR link.

The U of Michigan US Preliminary July 2019 Consumer Sentiment Index is at 98.4, June 2019 was at 98.2, May 2019 100.0, July 2018 97.9. “Consumer sentiment remained largely unchanged in early July from June, remaining at quite favorable levels since the start of 2017.” UMichigan PR link.

***Thursday, July 18:

Boeing(PBR28) to record an after-tax charge of $4.9 billion ($8.74 per share) in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 MAX grounding and associated delivery delays, charge will result in a $5.6 billion reduction of revenue and pre-tax earnings in the quarter. $BA PR link.

Qualcomm(PBR130) to appeal $272 million fine from European Commission’s Directorate General for Competition, after a 10-year investigation, issued a finding that Qualcomm engaged in predatory pricing practices for some sales of three cellular baseband chipsets to two customers during a few calendar quarters between 2009 and 2011. $QCOM PR link.

iHeartMedia(PBR454) moves from OTC, starts trading as NASDAQ: IHRT$IHRT PR link.

IDEX(PBR819) acquires Sweden based Velcora Holding AB and its Roplan and Steridose businesses from FSN Capital Partners for around $137 million. $IEX PR link.

Hovnanian(PBR892) receives notification from the New York Stock Exchange that Hovnanian is not in compliance with the continued listing standard, market capitlization has averaged $49.5 million over past 30 days, needs to be at $50 million, will submit a plan to show it can be in compliance within the 18 month cure period. $HOV PR link.

Red Robin(PBR979) confirms receipt of a second unsolicited conditional proposal from activist investor Vintage Capital Managementto acquire all of the outstanding common shares of Red Robin for $40.00 per share in cash. $RRGB PR link.

Chico’s FAS(PBR875) has new organizational structure, appoints Board member and interim CEO Bonnie Brooks to President/CEO. $CHS PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District July 2019 Manufacturing General Business Indicator is at +21.8, June 2019 was at +0.3, May 2019 +16.6, July 2018 +24.3. “Most of the survey’s future activity indexes increased, suggesting improved optimism about growth for the next six months.” PhillyFed PR link.

The Conference Board says the US Preliminary June 2019 Leading Economic Index(2016=100) is at 111.5, May 2019 was at 111.8, April 2019, June 2018 110.2. “For the first time since late 2007, the yield spread made a small negative contribution. As the US economy enters its eleventh year of expansion, the longest in US history, the LEI suggests growth is likely to remain slow in the second half of the year.” TCB PR link.

***Wednesday, July 17:

Amazon(PBR5) members worldwide buy more than 175 million items throughout Prime Day, surpasses Black Friday and Cyber Mondaycombined. $AMZN PR link.

Amazon(PBR5) to be investigated by The European Commission to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules. $AMZN PR link.

CVS Health(PBR8) starts clinical trial designed to evaluate the safety and efficacy of the HemoCare Hemodialysis System for administration of home hemodialysis. $CVS PR link.

Merck(PBR70) gets US FDA approval for RECARBRIO™ (imipenem, cilastatin, and relebactam) for the treatment of adults with Complicated Urinary Tract and Complicated Intra-Abdominal Bacterial Infections shere limited or no alternative treatment options are available. $MRK PR link.

Kohl’s(PBR152) is hiring for 500 stores for back-to-school positions, 3,000 associates for all stores nationwide. $KSS PR link.

Netflix(PBR192) 2Q19 US streaming subscibers are at 60.10 million members, down from 1Q19 60.23 million, 2Q19 international streaming subscribers at 91.46 million, 1Q19 was 88.63 million, forecasting gains in 3Q19. $NFLX PR link.

Corning(PBR268) authorizes new $5 billion share repurchase program. $GLW PR link.

The US Dept of Commerce/HUD says the US Preliminary June 2019 Building Permits Issued Annual Rate-Private Housing is at 1,220,000 units, -6.1% from May 2019, -5.6% from June 2018. USDOC PR link.

The US Federal Reserve releases the Beige Book for data through 07/08/19. “The outlook generally was positive for the coming months, with expectations of continued modest growth, despite widespread concerns about the possible negative impact of trade-related uncertainty.” USFed PR link.

***Tuesday, July 16:

McDonald’s(PBR122) adds DoorDash as US McDelivery Partner, starting with Houston, TX, area pilot on 07/29/19. $MCD PR link.

BB&T(PBR239) and SunTrust Banks(PBR294)to become Truist Financial Corporation upon merger, Truist Bank Community Benefits Plan will lend or invest $60 billion to low- and moderate-income (LMI) borrowers and in LMI communities over a three-year period from 2020 to 2022. $BBT PR link.

Moody’s(PBR571) to sell its global knowledge process outsourcing services provider Moody’s Analytics’ Knowledge Services (MAKS)business to European private equity firm Equistone Partners Europe Limited, $300 million proceeds to be used for stock repurchase program, to close by 12/31/19. $MCO PR link.

Prologis(PBR768) to acquire 37.5 million sf operating portfolio comprising 236 properties REIT firm Industrial Property Trust‘s wholly owned real estate assets for approximately $3.99 billion cash, including the assumption and repayment of debt, to close by 03/31/20. $PLD PR link.

Adtalem Education(PBR985) President/CEO Lisa Wardell elected to additional role of Chairman, succeeds James White who remains on the Board. $ATGE PR link.

The US Dept of Labor says the US Preliminary June 2019 Import Prices are -0.9%, May 2019 was +0.0%, April 2019 +0.2%, June 2018 +0.0%, Last 12 Months -2.0%; US Preliminary June 2019 Export Prices are -0.7%, May 2019 were -0.2%, April 2019 +0.1%, June 2018 +0.2%, Last 12 Months -1.6%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Total Sales-Manufacturers was at $504.3 billion, Retailers$453.7 billion, Wholesalers $503.4, Total Sales$1.461 trillion, +0.2% from April 2019, +1.5% from May 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance June 2019 Retail Trade-Retail is at $455.4 billion, Food Services and Drinking Places $64.5 billion, Total Retail $519.9 billion, +0.4% from May 2019, +3.4% from June 2018. USDOC PR link.

The US Federal Reserve says the US Preliminary June 2019 Total Manufacturing Industry % of Capacity Utilization is at 77.9%, May 2019 was at 78.1%, April 2019 77.9%, June 2018 77.8%, June 2019 Capacity Growth Over Previous Year is at +2.1%. USFED PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary July 2019 Housing Market Composite Index(>50=more builders view conditions as good than poor) is at 65, June 2019 was at 64, May 2019 66, July 2018 68. “Builders report solid demand for single-family homes. However, they continue to grapple with labor shortages, a dearth of buildable lots and rising construction costs that are making it increasingly challenging to build homes at affordable price points relative to buyer incomes… ” NAHB/WF PR link.

***Monday, July 15:

American Airlines(PBR65) says it remains confident the Boeing(PBR28) 737 MAX airplane will be recertified by the end of the year, cancelling all flights on the MAX through 11/02/19, 115 flights/day affected. $AAL PR link.

AbbVie(PBR91) has acquired Seattle, WA based privately held biopharmaceutical company focused on novel approaches to target the STING (STimulator of INterferon Genes) pathway for the treatment of cancer Mavupharma, terms not disclosed. $ABBV PR link.

Gilead Sciences(PBR132) and Galapagos NV (Euronext & NASDAQ: GLPG) enter into 10 year global research and development collaboration, Gilead to make $3.95 billion upfront payment and $1.1 billion equity investment. $GILD PR link.

Vistra Energy(PBR330) completes $378 million plus the assumption of net debt of approximately $108 million acquisition of Canada based residential electricity provider Crius Energy Trust (TSX: KWH.UN)$VST PR link.

Blackstone(PBR424) to acquire San Francisco, CA based performance marketing platform for in-app video advertisements on mobile devices provider Vungle, used by publishers of more than 60,000 mobile apps worldwide, to close by end of 2019, terms not disclosed. $BX PR link.

Crane(PBR686) is ceasing its efforts to acquire CIRCOR International(NYSE: CIR) and will not extend its $48 per share tender offer scheduled to expire on 07/19/19. $CR PR link.

Thor Industries(PBR360) Co-Founder Peter Orthwein to resign as Executive Chairman on 07/31/19, will remain on Board with title Chairman Emeritus, new Chairman to be selected by 07/31/19. $THO PR link.

The Federal Reserve Bank of New York says the Empire State July 2019 Manufacturing Index is at +4.3, June 2019 was at -8.6, May 2019 +17.8, July 2018 +22.0. “Indexes assessing the six-month outlook indicated that firms were fairly optimistic about future conditions.” NYFED PR link.

FTI Consulting(PBR885) expects US online retail sales of $575 billion in 2019, a 12.3% increase over $513 billion in 2018, compares to a 14.2% increase in 2018, when the market grew from $450 billion and topped $500 billion for the first time, and a 15.6% increase in 2017, Amazon(PBR5) to have 43% market share in 2019, to top 50% in 2024. $FCN PR link.

***Friday, July 12:

The PBRMarketTools US Stock Exchanges Recap for Week 28 of 2019 ending 07/12/19:

DJIA ends Week 28 at record 27,332.03, +1.52% from last Friday, +2.75% MTD/QTD, +17.17% YTD, +0.00% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 28 at record 8,244.14, +1.01% from last Friday, +2.97% MTD/QTD, +24.25% YTD, +0.00% from record 8,244.14 set 07/12/19.

SPX ends Week 28 at record 3,013.77, +0.78% from last Friday, +2.45% MTD/QTD, +20.22% YTD, +0.00% from record 3,013.77 set 07/12/19.

The Week 28 News Summary: There was very little mention and apparently no movement involving international trade during the week. Most of the early week’s news revolved around the US Women’s Soccer Team winning the World Cup. But then economic news took front and center midweek with Federal Reserve Chairman Powell testifying before Congress during which he strongly signaled that short term federal funds rates were likely to be cut at the end of July meeting. The Stock Market Bear had a good Monday because it was felt by many that the good employment report from the previous week probably made a rate cut unlikely. But with Chairman Powell’s statement it was like the running of the bulls in Pamplona, Spain, and The Stock Market Bull took over big time, winning Week 28 3-0, with all 3 major US stock exchanges closing at record highs.

The Week 28 YTD tally is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

Ford(PBR12) and Volkswagen AG, which is investing $2.6 billion, are expanding their global alliance to include electric vehicles, and will collaborate with self-driving system developer Argo AI to introduce autonomous vehicle technology in the US and Europe. $F PR link.

Starbucks(PBR114) opens its first Starbucks Now express retail format store in China, located in the financial district of Beijing, integrates Starbucks physical and digital customer and delivery drivers touchpoints. $SBUX PR link.

AFLAC(PBR136) to acquire Tampa, FL-based 120 employees Argus Holdings, LLC and its subsidiary Argus Dental & Vision, services nearly one million dental and vision members, providing benefits management solutions to Medicare Advantage, Medicaid, and Children’s Health Insurance Program (CHIP) carriers, to close in 4Q19, terms not disclosed. $AFL PR link.

Campbell Soup(PBR340), as part of its plan to divest its international businesses, to sell its Denmark based 400 employees $157 million revenues in the last 12 months baked snacks unit Kelsen Group to a Belgian based Ferrero affiliated company for $300 million, to close in 1Q20. $CPB PR link.

Hillenbrand(PBR927) to acquire Milacron Holdings(NYSE: MCRN), which manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry, as well as fluid technologies and processing systems, for about $2 billion cash and stock, includes net debt of approximately $686 million, to close in 1Q20. $HI PR link.

Tower Intl(PBR952) to be acquired by private equity firm KPS Capital Partners portfolio company Autokiniton Global Group, a leading North American supplier of metal-formed components and complex assemblies to the automotive industry, for $31/share, around $900 million cash, a 70% premium to Tower’s 07/11/19 closing stock price, includes debt and pension related liabilities, to close by 10/31/19. $TOWR PR link.

Fred’s(PBR983 $FRED) to close another 129 retail stores, has closed over 300 stores, will have 80 left. MarketWatch PR link.

The US Dept of Labor says the US Preliminary June 2019 Producer Price Index Total Final Monthly Demand was +0.1%, May 2019 was +0.1%, April 2019 +0.2%, June 2018 +0.3%; June 2019 Total Last 12 Months was at +1.7%, May 2019 +1.8%, April 2019 +2.2%, June 2018 +3.3%. USDOL PR link.

***Thursday, July 11:

Amazon(PBR5) to invest $700 million for upskill training for 100,000 of its US employees, a third of its US employees, by 2025. $AMZN PR link.

Kroger(PBR20) and Ocado (LSE: OCDO), one of the world’s largest dedicated online grocery retailers, to build its 2nd of 20 planned new high-tech customer fulfillment centers, to be in Forest Park, GA, a $55 million investment, will create 400+ new jobs, to be operational in 2021. $KR PR link.

Colgate-Palmolive(PBR198) to acquire the global anti-aging skin care brand focused primarily on facial care Laboratoires Filorga Cosmétiques (Filorga) Skin Care Business for an equity purchase price of approximately $1.690 billion, to close in 3Q19. $CL PR link.

Agilent Technologies(PBR533) to acquire privately-owned global designer, manufacturer and distributor of life science instrumentation BioTek Instruments for $1.165 billion, to close by 10/31/19. $A PR link.

Crane(PBR688 $CR) cash tender offer to to acquire CIRCOR International(NYSE: CIR) from $45/share to $48/share is rejected by CIRCOR, says it substantially undervalues the company and is low-value, highly conditional and opportunistic. CIRCOR PR link.

Kennametal(PBR840) to close facilities in Essen and Lichtenau as well as its distribution center in Neunkirchen, all in Germany, also to close its manufacturing facility in Irwin, PA, part of restructuring program, is also planning modernization investments in other Kennametal locations in Germany. $KMT PR link.

Babcock & Wilcox(PBR1000) to do 1:10 reverse stock split, effective at market opening on 07/24/19, will allow BW to regain compliance with the NYSE’s continued minimum price per share listing standards, common stock symbol to remain BW. $BW PR link.

Gilead Sciences(PBR132) hires Christi Shaw as CEO of its Santa Monica, CA based cancer immunotherapies biopharmaceutical company Kite. $GILD PR link.

The US Dept of Treasury says the June 2019 Federal Government Receipts were $334.0 billion, Outlays $342.4 billion, for a Deficit of $8.5 billion; YTD(9 months) Receipts were $2.609 trillion, YTD Outlays $3.356 trillion, YTD Deficit $747.1 billion, June 2018 YTD Deficitwas $607.1 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary June 2019 Average Current Earnings/Hour is at $27.90, Average Hours Worked/Week at 34.4, for an Average Weekly Wage of $959.76, +0.2% from May 2019, +2.8% from June 2018. USDOL PR link.

The US Dept of Labor says the US June 2019 Consumer Price Index-All Items is at +0.1%, May 2019 was at +0.1%, April +0.3%, June 2018 +0.1%, Last 12 Months(Unadjusted) +1.6%. USDOL PR link.

***Wednesday, July 10:

Arthur J Gallagher(PBR428) acquires Bartonville, TX based BluePeak Advisors, assists health plans, employers, pharmacy benefit managers, pharmaceutical companies and other health care alliance companies with Medicare and Medicaid operational and compliance issues across the US, terms not disclosed. $AJG PR link.

American Eagle Outfitters(PBR610) authorizes additional 30 million shares repurchase program, balance is now around 37.4 million shares, expires 02/03/24, stock price closed at $16.70 on 07/10/19. $AEO PR link.

Brinker Intl(PBR713) enters into a letter of intent to acquire 116 Chili’s® Grill & Bar restaurants, with annual revenues of around $300 million, from its 14-year franchisee, ERJ Dining, terms not disclosed, to close by 09/30/19. $EAT PR link.

Hill-Rom(PBR760) to sell certain surgical consumable products and related assets to an affiliate of Audax Private Equity for $170 million cash, to close by 09/30/19. $HRC PR link.

KKR(PBR834) to sell majority stake in Europe based 50,000 employees in 35 countries and enterprise value of around $2.7 billion Webhelp to Groupe Bruxelles Lambert, to close in 4Q19. $KKR PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Wholesale Sales-Durables was at $242.0 billion, Non-Durables$261.4 billion, Total $503.4 billion, +0.1% from April 2019, +0.4% from May 2018. USDOC PR link.

The Federal Open Market Committee Minutes for the 06/18-19/19 Meeting are released. “With regard to the outlook for monetary policy beyond this meeting, nearly all participants had revised down their assessment of the appropriate path for the federal funds rate over the projection period in their SEP submissions, and some had marked down their estimates of the longer-run normal level of the funds rate as well.” FOMC PR link.

***Tuesday, July 9:

Apple(PBR3) upgrades MacBook Air with student price of $999 and MacBook Pro for student price of $1,199. $AAPL PR link.

Alphabet(PBR15)’s Google Cloud unit to acquire provider of scalable, enterprise file storage for the cloud Elastifile, terms not disclosed. $GOOG PR link.

IBM(PBR37) completes $190.00/share, $34 billion acquisition of global open source cloud software provider Red Hat(PBR686)$IBM PR link.

Cisco(PBR61) to acquire designer and manufacturer of high-speed, optical interconnect technologies Acacia Communications for $70.00/share, around $2.6 billion cash, to close by 07/31/20. $CSCO PR link.

T-Mobile US(PBR68 $TMUS) to replace Red Hat(PBR686), acquired today by IBM(PBR37), on the S&P 500 Index starting 07/15/19. S&P Dow Jones Indices PR link.

Macy’s(PBR113) collaborates with Dick’s Sporting Goods(PBR350) and Scotts Miracle-Gro(PBR796) to unveil its second experiential concept: Outdoor STORY within 36 Macy’s stores, through 09/19. $M PR link.

Marriott Intl(PBR146) to be fined $124 million for the Starwood data breach announced on 11/30/18 according to the UK Information Commissioner’s Office, Marriott to respond and vigorously defend its position. $MAR PR link.

Alliance Data(PBR380) authorizes new $1.1 billion share repurchase program through 06/30/20, previous authorization has been used up. $ADS PR link.

Tetra Tech(PBR744) completes 55 pence/share acquisition of UK-based 30 locations globally 1,600 employees consulting and engineering firm focused on water, environment and infrastructure services WYG plc(LSE: WYG)$TTEK PR link.

Northrop Grumman(PBR101) elects President/CEO Kathy J. Warden to also be its Chairman, effective 08/01/19, Chairman Wes Bush to retire from Board on 07/31/19. $NOC PR link.

The US Dept of Labor says the US Preliminary May 2019 Total Job Openings-Private were at 6,640,000, Government 683,000, Total7,323,000, -0.7% from April 2019, +2.8% from May 2018. USDOJ PR link.

CoreLogic says the US April 2019 Housing Mortgages 30 or More Days Delinquent was at 3.6%, March 2019 was at 4.0%, April 2018 4.3%. “The continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.” CoreLogic PR link.

***Monday, July 8:

CBRE(PBR141) acquires longtime 100 professionals, 5.5 million sf portfolio, greater Omaha, NE, affiliate CBRE/MEGA, terms not disclosed. $CBRE PR link.

Group 1 Automotive(PBR261) enters New Mexico market with acquisition of only BMW/MINI dealerships in the state in Albuquerque and Santa Fe, includes BMW Motorrad franchises, its first dealership for motorcycles. $GPI PR link.

TreeHouse Foods(PBR479) to sell its Snacks Division, to generate around $670 million in revenues in 2019, to 17,000 employees in 150 locations worldwide Atlas Holdings for $90 million. $THS PR link.

Perrigo(PBR541) completes divestiture of its Animal Health business to PetIQ (NASDAQ: PETQ) for $185 million. $PRGO PR link.

Ashland(PBR641) sale of its Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises for $1.1 billion to close in late summer 2019, has been amended to exclude maleic business. $ASH PR link.

Crane(PBR688) increases cash tender offer to to acquire CIRCOR International(NYSE: CIR)from $45/share to $48/share, a 57% premium over the undisturbed market close on 05/20/19, extends the Offer and withdrawal rights until midnight, New York City time, on 07/19/19. $CR PR link.

Vista Outdoor(PBR883) sells its Savage Arms and Stevens firearms brands to a financial buyer for $170 million. $VSTO PR link.

The US Federal Reserve says the US Preliminary May 2019 Total Consumer Debt-Revolving is at $1.072 trillion, Non-Revolving$3.016 trillion, Total $4.088 trillion, +0.4% from April 2019, +2.0% YTD(5 months), +5.0% from May 2018. USFed PR link.

FannieMae(PBR21) says the US June 2019 Home Purchase Sentiment Index is at 91.5, May 2019 was at 92.0, April 2019 88.3, June 2018 90.7. “Growing expectations that mortgage rates will remain steady suggest improved stability for housing affordability and helped keep the HPSI relatively flat this month, despite modest declines in other components…” $FNMA PR link.

***Friday, July 5:

The PBRMarketTools US Stock Exchanges Recap for Week 27 of 2019 ending 07/05/19:

DJIA ends Week 27 at 26,922.12, +1.21% from last Friday/MTD/QTD, +15.41% YTD, -0.16% from record 26,966.00 set 07/03/19.

NASDAQ ends Week 27 at 8,161.79, +1.94% from last Friday/MTD/QTD, +23.01% YTD, -0.10% from record 8,170.23 set 07/03/19.

SPX ends Week 27 at 2,990.41, +1.65% from last Friday/MTD/QTD, +19.29% YTD, -0.18% from record 2,995.82 set 07/03/19.

The Week 27 YTD tally is:
The Stock Market Bull: 14 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Week 27 News Summary: On the international front President Trump and China’s Chairman Xi agreed to re-open trade talks, President Trump met N Korea’s leader Kim Jong-un at the N/S Korea DMZ, briefly crossed into N Korea, than had a casual conversation in S Korea, during which they agreed to re-open talks about eliminating N Korea’s nuclear weapons. ADP issued a weak jobs report, but on Friday the US Dept of Labor issued a much stronger jobs report. As a result there are concerns the Federal Reserve may not cut short term federal funds rates. Thursday was a day off for the US stock exchanges in celebration of Independence Day. President Trump presided over a gathering honoring the various US Armed Forces. The Stock Market Bull had such a strong start to the week, including records on all 3 major US exchanges on 07/03/19, that he took not only Thursday off, but Friday as well, and The Stock Market Bear took advantage. But The Stock Market Bull easily won Week 27 3-0 to start the 2nd half of 2019.

Carlyle Group(PBR830) and Bain Capital Private Equity joint venture to launch a voluntary public takeover offer to all shareholders of OSRAM Licht AG, a global lighting technology group, offering a wide portfolio of lighting and photonics products deployed in automotive, industry, mobile and infrastructure end market applications, for around $39.80/share, a 27.7% premium over the last month, $3.87 billion equity value, Management and Supervisory Board of OSRAM fully support the offer. $CG PR link.

The US Dept of Labor says the US June 2019 Civilian Employment is at 157,005,000, +247,000 from May 2019, +1,413,000 from June 2018. June 2019 Unemployment is at 5,975,000 people, +88,000 from May 2019, -561.000 from June 2018, June 2019 Unemployment Rate is at 3.7%, May 2019 was at 3.6%, June 2018 4.0%. USDOL PR link.

***Thursday, July 4:

***US Independence Day.
***US Stock Exchanges Closed.
***”We hold these truths to be self-evident…”
***Remembering the hopes and dreams
***of our forefathers.

***Wednesday, July 3:

CBRE(PBR141)’s Trammell Crow unit to acquire London, UK based multifamily residential properties developer with $1.66 billion in projects in the pipeline Telford Homes Plc (AIM:TEF) for $4.41/share, $336.9 million cash, to close in 3Q19. $CBRE PR link.

Beacon Roofing(PBR450) hires Julian G. Francis as President /CEO and to Its Board, to be effective on or about 09/01/19. $BECN PR link.

The US Dept of Commerce says the US Preliminary May 2019 International Trade Exports were at $210.6 billion, Imports $266.2 billion, for a May 2019 Deficit of $55.6 billion, April 2019 was at $51.3 billion, May 2018 $44.3 billion; YTD(5 months) Exports were at $1.045 trillion, YTD Imports $1.307 trillion, YTD Deficit$261.5 billion, May 2018 YTD Deficit was $246.3 billion. USDOC PR link.

The US Dept of Commerce says the US Preliminary May 2019 Manufacturers New Orders-Durable Goods was at $243.5 billion, Non-Durable Goods $250.1 billion, Total$493.6 billion, -0.7% from April 2019, -1.0% from May 2018; Total New Orders 2019 YTD(5 months) is at $2.491 trillion, +1.1% from 2018 YTD. USDOC PR link.

ADP(PBR235) says the US Preliminary June 2019 Change in Private Sector Employmentwas -23,000 from Small Businesses(1-49 employees), +60,000 from Mid-Size Businesses(50-499), and +65,000 from Large Businesses(500 or more), Total +102,000, +148.8% from May 2019, -53.9% from June 2018. $ADP PR link.

The Institute for Supply Management says the US June 2019 Non-Manufacturing Index(>50% economy growing) is at 55.1%, May 2019 was at 56.9%, April 2019 55.5%, June 2018 58.7%. “Although the non-manufacturing sector’s growth rate dipped in June, the sector continues to reflect strength. The comments from the respondents reflect mixed sentiment about business conditions and the overall economy. A degree of uncertainty exists due to trade and tariffs.” ISM PR link.

IHS Markit says the US June 2019 Composite PMI Output Index is at 51.5, May 2019 was at 50.9, April 2019 53.0, June 2018 56.2. IHS Markit PR link.

Automotive News says US June 2019 Light Vehicle Sales were at 1,513,574 vehicles, -2.6% from June 2018; Average Transaction Pricewas at $34,036, +3.1% from June 2018. Automotive News PR link.

***Tuesday, July 2:

NGL Energy(PBR119) completes $890 million acquisition of all of the assets of Mesquite Disposals Unlimited, combines them with NGL’s Water Solutions business. $NGL PR link.

UGI Corp(PBR388) Energy Services subsidiary to acquire Columbia Midstream Group of a subsidiary of TC Energy Corporation (NYSE: TRP) for around $1.275 billion, operations primarily in the Appalachian Basin, to close in 4Q19. $UGI PR link.

Alliance Data(PBR380) completes $4.4 billion sale of its 8,000 associates in 87 offices worldwide brand marketing Epsilon business to France based global marketing, communication, and digital transformation provider Publicis Groupe$ADS PR link.

NCR(PBR414) has acquired online and mobile banking for the Large Financial Institution market provider D3 Technology, terms not disclosed. $NCR PR link.

Perrigo(PBR541) completes $750 million acquisition of privately-held largest private label oral care company globally with 650 employees and $287 million in revenues in 2018 Ranir Global Holdings$PRGO PR link.

The PurdueU/CME Group June 2019 Ag Economy Barometer Composite Index is at 126, May 2019 was at 101, April 2019 115, June 2018 143. PurdueU PR link.

***Monday, July 1:

Bristol-Myers Squibb(PBR131) completes $1.6 billion sale of French pharmaceutical company UPSA consumer health business to Japan based Taisho Pharmaceutical Co$BMY PR link.

Whirlpool(PBR143) completes $1.08 billion sale of its manufacturer of hermetic compressors for refrigeration Embraco to Kyoto, Japan-based Nidec Corporation$WHR PR link.

Performance Food(PBR169) to acquire Rosemont, IL based $6+ billion in annual net revenues second largest privately held US foodservice distributor Reinhart Foodservicefrom Reyes Holdings for $2.0 billion, to close by end of 2019. $PFGC PR link.

Applied Materials(PBR174) to acquire Tokyo, Japan based provider of high-productivity batch processing systems and services for memory, foundry and logic Kokusai Electric from from global investment firm KKR(PBR834) for $2.2 billion cash, to close within 12 months. $AMAT PR link.

Jones Lang LaSalle(PBR184) completes $49.16/share stock & cash deal with enterprise value of $2 billion acquisition of commercial real estate capital markets intermediary provider HFF(NYSE: HF)$JLL PR link.

Coty(PBR326) announces 4 year Turnaround Plan to drive substantial improvement in Consumer Beauty while also further optimizing Luxury and Professional Beauty, changes on the executive team effective 01/01/20, $600 restructuring charge over the 4 years. $COTY PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 06/30/19 to 11/30/19, the 11th waiver, to get additional US, China, Canada and other regulatory approvals, also looking at possible sale of Genworth MI Canada to speed up the approval process. $GNW PR link.

Frontier Communications(PBR345) adopts a shareholder rights plan designed to protect the availability of Frontier’s net operating loss carryforwards. $FTR PR link.

Berry Global(PBR379) completes $6.5 billion acquisition, includes $2.2 billion debt, of RPC Group plc, creates a leading global supplier of valued-added protective solutions and one of the world’s largest plastic packaging companies with $13 billion in annual revenues. $BERY PR link.

H&R Block(PBR711) completes $405 million acquisition of Toronto, Ontario based 400,000 small businesses globally monthly financial solutions platform provider Wave Financial$HRB PR link.

Blackstone(PBR424) completes conversion from a publicly traded partnership to a corporation. $BX PR link.

Cedar Fair(PBR977) completes $261 million acquisition of Schlitterbahn Waterparks and Resorts in New Braunfels, TX, and Galveston, TX, includes right to acquire an additional 40 acre property in Kansas City, KS, for $6 million cash for future development. $FUN PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Construction Spending Annual Rate-Residential is at $505.4 billion, Non-Residential $788.5, Total Construction Spending $1.294 trillion, -0.8% from April 2019, -2.3% from May 2018. USDOC PR link.

The Institute for Supply Management says the US June 2019 Manufacturing PMI Index(>50=Economy expanding) is at 51.7%, May 2019 was at 52.1%, April 2019 52.8%, June 2018 60.2%. “Respondents expressed concern about U.S.-China trade turbulence, potential Mexico trade actions and the global economy. Overall, sentiment this month is evenly mixed… ” ISM PR link.

IHS Markit says the US June 2019 Manufacturing PMI Index is at 50.6, May 2019 was at 50.5, April 2019 52.6, June 2018 55.4. IHS Markit PR link.

***Friday, June 28:

The PBRMarketTools US Stock Exchanges Recap for the End of June and Week 26 of 2019 ending 06/28/19:

DJIA ends June 2019 and Week 26 at 26,599.96, -0.45% from last Friday, +7.19% MTD, +2.59% QTD, +14.03% YTD, -0.85% from record 26,828.39 set 10/03/18.

NASDAQ ends June 2019 and Week 26 at 8,006.24, -0.32% from last Friday, +7.42% MTD, +3.58% QTD, +20.66% YTD, -1.93% from record 8,164.00 set 05/03/19.

SPX ends June 2019 and Week 26 at 2,941.76, -0.29% from last Friday, +6.89% MTD, +3.79% QTD, +17.35% YTD, -0.42% from record 2,954.18 set 06/20/19.

The Week 26 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Month 6 YTD tally is:
The Stock Market Bull: 5 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

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

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The PBR1000 June 2019 Breaking News Recap

International Trade Issues Continue To Dominate The PBR1000 News

There are a lot of puzzle pieces to put together for a good strategy in today’s business environment. Don’t lose any of the pieces!

By Larry C. Paxton

The June 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Friday, June 28:

The PBRMarketTools US Stock Exchanges Recap for the End of June and Week 26 of 2019 ending 06/28/19:

DJIA ends June 2019 and Week 26 at 26,599.96, -0.45% from last Friday, +7.19% MTD, +2.59% QTD, +14.03% YTD, -0.85% from record 26,828.39 set 10/03/18.

NASDAQ ends June 2019 and Week 26 at 8,006.24, -0.32% from last Friday, +7.42% MTD, +3.58% QTD, +20.66% YTD, -1.93% from record 8,164.00 set 05/03/19.

SPX ends June 2019 and Week 26 at 2,941.76, -0.29% from last Friday, +6.89% MTD, +3.79% QTD, +17.35% YTD, -0.42% from record 2,954.18 set 06/20/19.

The June 2019 and Week 26 News Summary:The first half of 2019 ends with the primary news focused around international trade, including the ongoing US/China negotiations, issues with the USMCA to replace NAFTA, which the Mexican government approved and the Canadians are expected to approve, the UK Brexit concerns which is resulting in a new prime minister to be elected, and new Iran sanctions as the result of its shooting down a US drone. The US economy continues to grow at a moderate pace with some signs of more slowing because of the threat of tariffs on China and possibly other countries. The FOMC kept short term federal interest rates at 2.25-2.50% and seems leaning towards a possible cut at the next meeting to boost the economy. For Week 26 the drama has been the anticipation of President Trump’s participation at the G-20 summit in Japan, especially his planned meeting with China’s Premier Xi, more sanctions on Iran and sword rattling on both sides, Federal Reserve Chairman Powell’s comments on the US economy and possible direction of Fed policy, and the start of the 2020 presidential election with the 2 nights of debates of the 20 Democrat candidates that qualified. For Week 26 The Stock Market Bear enjoyed the turmoil and just nicked a full 3-0 victory. However, June 2019 was the best stock market result in June over the past 80 years, with ending levels at about the same as for the end of April 2019, before the May 2019 meltdown, so The Stock Market Bullwins the month with a convincing 3-0 result.

The Week 26 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Month 6 YTD tally is:
The Stock Market Bull: 5 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

Thermo-Fisher Scientific(PBR117) completes its around $1.14 billion cash sale of its 1,200 employees $350 million in annual revenues microscope slides, instruments and consumables provider Anatomical Pathology to PHC Holdings Corporation$TMO PR link.

Cummins(PBR121) to acquire fuel cell systems provider Hydrogenics Corporation (NASDAQ: HYGS: TSX: HYG) for $15.00/share in cash, other than shares already owned by The Hydrogen Company, representing an enterprise value of approximately $290 million, to close in 3Q19. $CMI PR link.

Cabot Corp(PBR675) completes the $135 million sale of its Specialty Fluids business to a wholly owned Hong Kong subsidiary of Sinomine Resource Group Co$CBT PR link.

SunCoke Energy(PBR964) completes all stock acquisition of SunCoke Energy Partners(NYSE: SXCP)$SXC PR link.

Bristow Group(PBR966) has entered into an amended and restated restructuring support agreement with certain of the Company’s secured and unsecured noteholders, who have committed, as part of the transaction, to fund a new debtor-in-possession facility. $BRSWQ PR link.

Cedar Fair(PBR977) completes $150 million acquisition from the City of Santa Clara, CA, of 112 acres upon which its California’s Great America amusement park, acquired in 2006, is located. $FUN PR link.

The US Dept of the Treasury says the US 06/26/19 National Debt-Public is at $16.162 trillion, Intragovernmental Holdings $5.864, Total National Debt $22.026 trillion, +0.0% from 05/31/19, +0.2% YTD(6 months), +3.9% since 05/31/18. USTreasury PR link.

The US Dept of Commerce/BEA says the US Preliminary May 2019 Personal Income Annual Rate is at $18.184 trillion, +0.5% from April 2019, +4.1% from May 2018; the May 2019 Effective Tax Rate is 11.85%, April 2019 was 11.82%, May 2018 11.65%. USDOC PR link.

The US Federal Reserve Bank of Chicagosays the US 7th District Preliminary May 2019 Midwest Economy Index is at -0.28, April 2019 was at -0.02, March 2019 +0.21, May 2018 +0.41. ChiFed PR link.

The MNI June 2019 Chicago Business Barometer(<50 = economy declining) is at 49.7, May 2019 was at 54.2, April 2019 52.6, June 2018 64.1. “… the first sub-50 reading since January 2017… In coming months, our survey will provide further evidence as to whether the diminished business confidence is temporary amid tariffs woes or more structural calling for some counter measures…” MNI PR link.

The U of Michigan US Final June 2019 Consumer Sentiment Index is at 98.2, May 2019 was at 100.0, April 2019 97.2, June 2018 98.2. “While more negative trade news will act to decrease consumer spending, the persistent overall strength in consumer confidence is still consistent with growth of real personal consumption expenditures by 2.5% during the next twelve months.” UMich PR link.

The American Automobile Assn says the Average Price for a Gallon of Regular Gas on 06/28/19 is at $2.708, on 05/31/19 it was at $2.825, 04/30/19 $2.882, 06/29/18 $2.853. AAA PR link.

***Thursday, June 27:

Amazon(PBR5) launches its Counter service in the US, a new network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location at no extra cost, starting in over 100 Rite Aid(PBR137) stores, to be in 1,500 Rite Aid locations by the end of 2019. $AMZN PR link.

Capital One(PBR92) to purchase up to $2.2 billion of common stock through 2Q20. $COF PR link.

Devon Energy(PBR286) completes its $2.8 billion sale of its Canadian business to Canadian Natural Resources Limited, expects to divest its Barnett Shale gas assets in north Texas by end of 2019. $DVN PR link.

Wayfair(PBR429 $W) gets protest from some employees regarding its decision to sell beds and other items that will furnish detention centers for migrants at the southern border.MarketWatch PR link.

Brunswick(PBR520) completes $490 million cash sale of its Fitness business to private investment firm KPS Capital Partners, will now focus solely on its marine platform. $BC PR link.

WABCO(PBR630) shareholders approve $136.50/share, $7+billion acquisition by privately held global leader in driveline and chassis technologies ZF Friedrichshafen AG, to close in early 2020. $WBC PR link.

CDK Global(PBR855) plans to divest its Digital Marketing Business, to focus on the building momentum in the core auto software business and to accelerate growth in fiscal 2020. $CDK PR link.

Chico’s FAS(PBR875) Board unanimously rejects revised unsolicited proposal from Sycamore Partners to acquire the Company for $3.00/share in cash, substantially undervalues Chico’s FAS. $CHS PR link.

The US Dept of Commerce/BEA says the US 1Q19 3rd Estimate Gross Domestic Productremains at 3.1%, $21.060 trillion, +0.9% from 4Q18, +5.1% from 1Q18. USDOC PR link.

The US Dept of Labor says the US Initial Unemployment Claims 4 Week Moving Average for Week Ending 06/22/19 was at 221,250, +2.1% from 05/25/19, -0.3% from 06/23/19; Total Insured Unemployment 4 Week Moving Average for Week Ending 06/15/19 was at 1,686,750, +0.9% from 05/18/19, -1.9% from 06/16/19; Insured Unemployment Rate remains at 1.2%. USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Mortgage Rate on 06/27/19 was at 3.73% with 0.5 points/fees, 05/30/19 was at 3.99%, 04/25/19 4.20%, 06/28/18 4.55%. $FMCC PR link.

***Wednesday, June 26:

Danaher(PBR155) to spinoff 3 Dental segment business units to form separate 12,000 employees independent public company Envista, to be completed in 2H19. $DHR PR link.

Occidental(PBR159) gets SEC filing by Icahn Enterprises(PBR288) requesting replacement of 4 Board members, amendment to Charter and Bylaws to give shareholders the right to vote on the $38 billion acquisition of Anadarko(PBR233)$OXY PR link.

Kaman Corp(PBR912) to sell its 2,200 employees $1.1 billion in revenues in 2018 Distribution segment to affiliates of Littlejohn & Co for $700 million cash, to close 3Q19. $KAMN PR link.

Newell Brands(PBR343) EVP/CFO Christopher Peterson to also be Interim CEO, effective 06/28/19, to succeed President/CEO Michael Polk who is retiring as planned on 06/30/19, search for external hire as permanent CEO continues. $NWL PR link.

The US Dept of Commerce/BEA says the US Preliminary 1Q19 International Position-Assets is at $27.138 trillion, Liabilities $37.067 trillion, for a Deficit of $9.929 trillion, +3.9% from 4Q18, +26.8% from 1Q18. USDOC PR link.

The US Energy Information Administrationsays that the US Crude Oil Stocks on 06/21/19were at 469.6 Million Barrels of Oil, -1.5% from 05/24/19, +12.7% from 06/22/18. EIA PR link.

***Tuesday, June 25:

Amazon(PBR5) schedules Amazon Prime Day 2019 for July 15 and 16, will feature more than one million deals globally. $AMZN PR link.

GE(PBR19) and the Coordinated Bargaining Committee (CBC) of GE unions, representing 11 unions with around 6,600 members, concluded negotiations with a new proposed four-year collective bargaining agreement by the Company, to be ratified on 07/03/19. $GE PR link.

FedEx(PBR46) files suit in US District Court seeking to enjoin the US Dept of Commerce from enforcing prohibitions contained in the Export Administration Regulations (“EAR”)against FedEx which believes that the EAR violate common carriers’ rights to due process under the Fifth Amendment of the US Constitution as they unreasonably hold common carriers strictly liable for shipments that may violate the EAR without requiring evidence that the carriers had knowledge of any violations. $FDX PR link.

AbbVie(PBR91) to acquire Dublin, Ireland-based developer, manufacturer and commercializer of branded pharmaceutical, device, biologic, surgical and regenerative medicine products Allergan(PBR194) for $188.24/share cash/stock, a 45% premium from the 06/24/19 closing price, equity value of around $63 billion, to close by early 2020. $ABBV PR link.

Chipotle(PBR536) launches new crew bonus program that gives hourly employees the opportunity to earn up to an extra month’s pay each year. $CMG PR link.

Crane(PBR688) says CIRCOR International(NYSE: CIR) revised business plan claims are highly unrealistic and illustrates why Crane’s superior, all-cash offer of $45 per share represents the best option for CIRCOR shareholders. $CR PR link.

The US Dept of Commerce/HUD says the US Preliminary May 2019 New Family Home Sales Annual Rate is at 629,000 units, -7.4% from April 2019, -3.2% from May 2018; May 2019 Median Home Price is at $308,000, -8.1% from April 2019, -2.7% from May 2018; May 2019 New Homes Available is at 333,000, +0.3% from April 2019, +10.3% from May 2018. USDOC PR link.

The US Federal Reserve Bank of Richmond says the US 5th District June 2019 Manufacturing Index is at +3%, May 2019 was at +5%, April 2019 +3%, June 2018 +21%. “Most firms reported some improvement in local business conditions, and they were optimistic that they would see growth in the next six months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the US 5th District June 2019 Service Sector Revenue Index is at +17%, May 2019 was at +1%, April 2019 +26%, June 2018 +19%. “Respondents were optimistic that growth would continue in the coming months.” RichmondFed PR link.

The S&P CoreLogic Case-Shiller Preliminary April 2019 National Home Price Index(01/2000=100) is at 207.97, March 2019 was at 206.06, February 2019 204.75, April 2018 200.85. Case-Shiller PR link.

The Conference Board says the US Preliminary June 2019 Consumer Confidence Index(1985=100) is at 121.5, May 2019 was at 131.3, April 2019 129.2, June 2018 127.1. “The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence. Although the Index remains at a high level, continued uncertainty could result in further volatility in the Index and, at some point, could even begin to diminish consumers’ confidence in the expansion.” TCB PR link.

***Monday, June 24:

Bristol-Myers Squibb(PBR131) planning the divestiture of OTEZLA® (apremilast) per concerns by the US Federal Trade Commission, to close $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) by early 1Q20. $BMY PR link.

Wellcare Health Plans(PBR151) $305.39/share cash & stock, $17.3 billion acquisition by Centene(PBR50) approved by shareholders of both organizations, on track to close 1H20. $WCG PR link.

Allergan(PBR194) gets US FDA clearance for its magnetic muscle stimulation technology CoolTone device for improvement of abdominal tone, strengthening of the abdominal muscles, and development for firmer abdomen, also for strengthening, toning and firming of buttocks and thighs. $AGN PR link.

Reinsurance Group of America(PBR256)completes $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation (NYSE: HMN). $RGA PR link.

Caesars Entertainment(PBR356) to be acquired by Eldorado Resorts(NASDAQ: ERI)for $12.75/share, for $17.3 billion cash/stock, includes assumption of Caesars outstanding net debt, will create the largest US gaming company, will retain the Caesars name, to close in 1H20. $CZR PR link.

Insight(PBR413) to acquire IT products and services ptovider PCM(NASDAQ: PCMI) for $35/share, a 36% premium to its 1-month average as of 06/21/19, enterprise value of $581 million, includes cash and debt. $NSIT PR link.

Crane(PBR688 $CR) cash tender offer to acquire CIRCOR International(NYSE: CIR) for $45/share, a 47% premium over the market close on 05/20/19, is unanimously rejected by CIRCOR Board, says undervalues company and is low-value, highly conditional and opportunistic and not in the best interests of CIRCOR shareholders. Circor PR link.

Axalta(PBR546) Chairman Charlie Shaver resigns after 6 years, effective 06/30/19, current Independent Presiding Director Mark Garrett appointed Chairman. $AXTA PR link.

The US Federal Reserve Bank of Chicagosays the US Preliminary May 2019 National Activity Index is at -0.05, April 2019 was at -0.48, March 2019 +0.02, May 2018 -0.41. ChiFed PR link.

***Friday, June 21:

The PBRMarketTools US Stock Exchanges Recap for Week 25 of 2019 ending 06/21/19:

DJIA ends Week 25 at 26,719.13, +2.41% from last Friday, +7.67% MTD, +3.05% QTD, +14.54% YTD, -0.41% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 25 at 8,031.71, +3.01% from last Friday, +7.76% MTD, +3.91% QTD, +21.05% YTD, -1.62% from record 8,164.00 set 05/03/19.

SPX ends Week 25 at 2,950.46, +2.20% from last Friday, +7.21% MTD, +4.09% QTD, +17.70% YTD, -0.13% from record 2,954.18 set 06/20/19.

The Week 25 News Summary: The biggest economic news of the week was the Federal Open Market Committee keeping short term federal funds interest rates at 2.25-2.50% and signaling possible rate cuts in the near future. Economic indices were mostly mixed and indicating slower growth. Trade issues also dominated the news as it was announced US President Trump and China’s Chairman Xi will be having extended discussions during the upcoming G-20 summit. Also, Mexico became the first country to approve the new USMCA trade agreement that replaces NAFTA. Canada’s Prime Minister Trudeau made a special trip to the US to talk to US lawmakers to encourage them to do the same. Iran shot down a US drone increasing tensions in the Mideast. The US stock exchanges had another big week, the S&P500 broke its closing record and the DJIA is very close. The Stock Market Bull overwhelmed The Stock Market Bear for the week, easily winning 3-0, but took Friday off. The Stock Market Bear responded with a timid appearance.

The Week 25 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Fred’s(PBR983) to close another 49 stores, following announcements of 263 closures the past 2 months. MarketWatch PR link.

The US Federal Reserve says “the US’s largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession… the most severe hypothetical scenario projects $410 billion in total losses for the 18 participating bank holding companies. This scenario featured a global recession with the U.S. unemployment rate rising by more than 6 percentage points to 10 percent, accompanied by a large decline in real estate prices and elevated stress in corporate loan markets.” USFed PR link.

The Natl Assn of Realtors says US Preliminary May 2019 Existing Home Sales Annual Rate is at 5,340,000, +2.5% from April 2019, -1.1% from May 2018; May 2019 Median Home Sale Price is $277,700, +3.9% from April 2019, +4.8% from May 2018; May 2019 Median Days On Market was 26, April 2019 was 24, May 2018 was 26. NAR PR link.

***Thursday, June 20:

Walmart(PBR1 $WMT) agrees to pay more than $144 million to US Security and Exchange Commission and approximately $138 million to the US Dept of Justice for a combined total of more than $282 million for violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient anti-corruption compliance program for more than a decade. SEC PR link.

Amazon(PBR5) unveils its Off-to-College store, students can browse a wide range of essentials with low prices for their dorm, classes and extracurricular activities in one place. $AMZN PR link.

CVS Health(PBR8 $CVS) files lawsuit against Amazon(PBR5) claiming it is seeking to disrupt the pharmacy industry with its newly acquired subsidiary PillPackBarron’s PR link.

Alphabet(PBR15)’s Waymo unit enters into an exclusive partnership with Renault and Nissanon behalf of The Alliance to explore driverless mobility services for passengers and deliveries in France and Japan. $GOOG PR link.

AECOM(PBR153 $ACM) 4.0% stakeholder activist investor Starboard Value sends letter saying Management Services spinoff is potentially a positive development, is just one piece of a broader set of opportunities to unlock significant value, believes AECOM is deeply undervalued, provides some ideas. Starboard Value PR link.

Chipotle(PBR536) providing catering, includes three different build you own options. $CMG PR link.

Quad/Graphics(PBR596 $QUAD) $1.4 billion all shares acquisition of print and digital media solutions provider LSC Communications(PBR631) receives lawsuit to block the deal by the US Dept of Justice, says necessary to preserve competition in the markets for magazine, catalog, and book printing services in the US. DOJ PR link.

Quad/Graphics(PBR596) intends to vigorously defend its proposed $1.4 billion all shares acquisition of LSC Communications(PBR631)in response to the US Dept of Justice lawsuit seeking to block the acquisition. $QUAD PR link.

Sprouts(PBR515) hires Jack Sinclair as CEO, effective 06/24/19; Brad Lukow, CFO and interim co-CEO, has resigned to pursue other opportunities. $SFM PR link.

The US Dept of Commerce/BEA says US Preliminary 1Q19 Exports of Goods and Services was at $945.9 billion, Imports were at $1.076 trillion, for a Deficit of $130.4 billion, -9.4% from 4Q18, +14.4 from 1Q18. USDOC PR link.

The US Federal Reserve Bank of Philadelphiasays the 3rd District June 2019 Manufacturing General Activity Indicator is at +0.3, May 2019 was at +16.6, April 2019 +8.5, June 2018 +20.8. “Most of the survey’s future activity indexes improved but continue to reflect muted optimism for the remainder of the year.” PhillyFed PR link.

The Conference Board says the US Preliminary May 2019 Leading Economic Index(2016=100) is at 111.8, April 2019 was at 111.8, March 2019 111.7, May 2018 109.4. “… the LEI clearly points to a moderation in growth towards 2 percent by year end.” TCB PR link.

***Wednesday, June 19:

UnitedHealth(PBR6 $UNH) agrees to US Federal Trade Commission approval for $4.3 billion acquisition of DaVitaHealth(PBR302 $DVA)’s DaVita Medical Group contingent upon divesting DaVita Medical Group’s healthcare provider organization in the Las Vegas Area (known as HealthCare Partners of Nevada) to Utah-based healthcare provider and insurer Intermountain Healthcare. FTC PR link.

Alphabet(PBR15) rejects shareholder plan to break up company and other proposals during annual shareholders meeting. $GOOG PR link.

Mondelez(PBR108) to acquire a majority interest in San Diego, CA-based pioneer in the fast-growing refrigerated nutrition bars segment Perfect Snacks®, had $70 million in revenues in 2018, terms not disclosed. $MDLZ PR link.

Gilead Sciences(PB132) to make upfront payment of $45 million and up to $2.3 billion in total additional payments based milestone achievements to Nurix Therapeutics in strategic partnership to discover, develop and commercialize a pipeline of innovative targeted protein degradation drugs for patients with cancer and other challenging diseases. $GILD PR link.

PG&E(PBR176) reaches agreements to resolve the wildfire claims held by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire, will pay $1 billion as part of a Chapter 11 Plan of Reorganization. $PCG PR link.

ON Semiconductor(PBR476) completes $24.50/share, $1.07 billion all cash acquisition of high performance Wi-Fi solutions developer Quantenna Communications(NASDAQ: QTNA)$ON PR link.

Harley-Davidson(PBR483) to expand access into Asia through a collaboration with Qianjiang Motorcycle Co, to launch a smaller, more accessible Harley-Davidson motorcycle for sale in Harley-Davidson dealerships in China by the end of 2020. $HOG PR link.

Peabody Energy(PBR490) to own 66.5% Arch Coal(PBR826 $ARCH) 33.5% in joint venture to combine the companies’ Powder River Basin and Colorado assets, expected to unlock synergies with a pre-tax net present value of approximately $820 million. $BTU PR link.

Mattel(PBR562 $MAT) ‘…cannot be salvaged’ according to MGA Entertainment CEO, is abandoning pursuit of a merger deal.MarketWatch PR link.

Tempur Sealy(PBR787) to add around 700 US positions to meet growing demand for its Tempur-Pedic, Stearns & Foster and Sealy mattresses and bedding products. $TPX PR link.

Chico’s FAS(PBR875) receives a revised unsolicited proposal from Sycamore Partners to acquire the Company for $3.00/share in cash, will review, rejected previous higher offer of $3.50/share. $CHS PR link.

Pier 1 Imports(PBR954) shareholders approve a 1:20 reverse stock split, to be effective at start of trading 06/20/19. $PIR PR link.

The Federal Open Market Committee releases statement from 06/18-19/19 meeting, says “the labor market remains strong and that economic activity is rising at a moderate rate … decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent… continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook have increased.” FOMC PR link.

***Tuesday, June 18:

Walmart(PBR1) offering online upgrades for Apple and Samsung devices using AT&T wireless services, will be expanding wireless providers, expanding wireless experts in 600 more stores by the holidays, will then be in over 3,000 Walmart stores. $WMT PR link.

Alphabet(PBR15)’s Google unit announces an additional $1 billion investment for 20,000 houses for middle/low income families across the San Francisco Bay Area, includes repurposing Google land and providing incentives for housing developers, 10 year project. $GOOG PR link.

Boeing(PBR28) gets letter of intent at Paris Air Show from International Airlines Group to buy 200 737 MAX aircraft, $24+ billion deal, per list prices. $BA PR link.

Facebook(PBR55) to launch in 2020 its global cryptocurrency, called Libra, through its newly formed Calibra subsidiary, will include a digital wallet and use blockchain technology. $FB PR link.

Cognizant(PBR188) to acquire Cork, Ireland based privately held life sciences manufacturing technology services company with 800+ employees in 16 global locations Zenith Technologies, terms not disclosed. $CTSH PR link.

Kellogg(PBR230) announces reorganization plan which primarily impacts the North America segment in anticipation of the divestiture of selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cones businesses to Ferrero International SA by the end of 07/19, will take a $35 million pre-tax charge. $K PR link.

NVIDIA(PBR257) selected by Sweden based Volvo Group for using the NVIDIA DRIVE end-to-end autonomous driving platform to train, test and deploy self-driving AI vehicles, targeting public transport, freight transport, refuse and recycling collection, construction, mining, forestry and more. $NVDA PR link.

The Mosaic Co(PBR316) to close Plant Cityphosphates manufacturing facility in Hillsborough County, FL, not cost effective, has been idled since late 2017, will recognize a non-cash charge of up to $390 million in 2Q19. $MOS PR link.

News Corp(PBR332) is actively evaluating strategic options for its News America Marketing business, including a possible sale, has comprehensive in store marketing media options in over 60,000 stores in the US and Canada, and reaches households across the country with circulation of more than 60 million through nearly 2,000 publications. $NWS PR link.

Fifth Third Bancorp(PBR374) announces dividend payments, authorizes new up to 100 million shares for repurchase program, had 22 million left from previous authorization. $FITB PR link.

Lamb Weston(PBR675) opens $250 million 300,000 sf frozen french fries manufacturing expansion in Hermiston, OR, adds 150 jobs, will make nearly 750 million pounds of frozen french fries annually. $LW PR link.

Tempur Sealy(PBR787) signs new long-term supply agreements with Mattress Firm and Big Lots in the US and Beter Bed Holding in Europe, anticipates $400 million in additional annual revenues once implemented. $TPX PR link.

GoPro(PBR994) enhances $4.99/mo PLUS subscription service, includes damaged camera replacement, unlimited cloud storage, 50% off mounts and accessories, VIP support. $GPRO PR link.

The US Dept of Labor says the US 1Q19 Average Wages/Salaries Per Hour-All Workers was at $25.22, Benefits Per Hourwere at $11.55, for a Total Average Hourly Compensation of $36.77, +1.2% from 4Q18, +1.2% from 1Q18. USDOL PR link.

The US Dept of Commerce says the US Preliminary May 2019 New Residential Construction Permits Issued Annual Rate is at 1,294,000, +0.3% from April 2019, -0.5% from May 2018. USDOC PR link.

***Monday, June 17:

AT&T(PBR9) is the winning bidder at $980 million for spectrum licenses covering more than 98% of the U.S. population following the close of FCC Auction 102, will bolster its mobile 5G strategy. $T PR link.

Pfizer(PBR59) to acquire commercial stage biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule medicines to treat cancer and other diseases Array BioPharma(NASDAQ: ARRY) for $48/share in cash, for a total enterprise value of around $11.4 billion, to close 2H19. $PFE PR link.

AECOM(PBR153) to spinoff its 25,000 employees with $3.7 billion in revenues in fiscal year 2018 Management Services segment into a public standalone government services company, to be completed in 2H20 fiscal year. $ACM PR link.

Williams Cos(PBR337) completes formation of $3.8 billion venture partnership with the Canada Pension Plan Investment Board, receives approximately $1.33 billion in exchange for a 35% interest in a combined Utica East Ohio Midstream-Ohio Valley Midstream joint venture. $WMB PR link.

Campbell Soup(PBR338) completes $510 million sale of 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. $CPB PR link.

Domino’s Pizza(PBR672) and robotics company Nuro are partnering on autonomous pizza delivery using the custom unmanned vehicle known as the R2 later this year for select Houston, TX, Domino’s customers who place orders online. $DPZ PR link.

Crane(PBR687) commences cash tender offer to acquire CIRCOR International(NYSE: CIR)for $45/share, a 47% premium over the market close on 05/20/19, to expire at 5:00PM New York City time, on 07/16/19. $CR PR link.

Varian Medical(PBR747) completes $283 million acquisition of privately held $43.5 million in revenues in FY19 university-level, comprehensive treatment for cancer patients provider Cancer Treatment Services International$VAR PR link.

Middleby(PBR780) acquires Santa Ana, CA-based Ss Brewtech, a professional craft brewing and beverage equipment provider, founded in 2013, has $20 million in annual revenues, will operate as an autonomous business unit, terms not disclosed. $MIDD PR link.

Meredith Corp(PBR860) facilitates a closed sale of Sports illustrated by agreeing to operate the SI media assets for a transition period for up to two years under a licensing agreement with ABG$MDP PR link.

The Federal Reserve Bank of New York says the Empire State June 2019 Manufacturing General Business Conditions Index is at -8.6, May 2019 was at +17.8, April +10.2, June 2018 +24.4. “Indexes assessing the six-month outlook indicated that firms were less optimistic about future conditions than they were last month.” NYFed PR link.

The Natl Assn of Home Builders Preliminary June 2019 Housing Market Composite Indexis at 64, May 2019 was at 66, April 2019 63, June 2018 68. Headline: “Builder Confidence Solid in June Amidst Growing Economic Uncertainty” NAHB PR link.

Boeing(PBR28) outlook values the aerospace and defense market at $8.7 trillion over the next decade, up from $8.1 trillion a year ago. $BA PR link.

***Friday, June 14:

The PBRMarketTools US Stock Exchanges Recap for Week 24 of 2019 ending 06/14/19:

DJIA ends Week 24 at 26,089.61, +0.41% from last Friday, +5.14% MTD, +0.62% QTD, +11.84% YTD, -2.75% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 24 at 7,796.66, +0.70% from last Friday, +4.61% MTD, +0.87% QTD, +17.50% YTD, -4.50% from record 8,164.00 set 05/03/19.

SPX ends Week 24 at 2,886.98, +0.47% from last Friday, +4.90% MTD, +1.86% QTD, +15.16% YTD, -2.00% from record 2,945.83 set 04/30/19.

The Week 24 News Summary: With the Mexican government taking on more responsibilities for Central America immigrants the threatened US tariffs on Mexican goodsdid not materialize, but there continues to be tension between the US and China as trade talks seemed to have stalled. Oil pricesfluctuated after attacks on 2 oil tankers, allegedly by Iran. The US economy continues to show strength from the latest jobs, producer price index, wages, consumer price index, import/export prices, industrial production, and manufacturers sales & inventories reports, but there was a wider gap than usual between federal government receipts and outlays. The technology sector had a good week. The Stock Market Bull continues to recover from the significant May losses with his 2nd week in a row 3-0 victory over The Stock Market Bear, who was also very active and actually took 3 of the 5 trading days.

The Week 24 YTD tally is:
The Stock Market Bull: 12 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Abercrombie & Fitch(PBR656) authorizes new share repurchase program of up to 5 million Class A Common shares, now has about 7.6 million shares available, or over 10% of its total shares outstanding. $ANF PR link.

Synopsys(PBR715) replenishes its existing stock repurchase authorization to $500 million. $SNPS PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Manufacturers Sales were at $504.1 billion, Retail Sales$454.8 billion, Wholesalers Sales $503.1 billion, Total Sales $1.462 trillion, -0.2% from March 2019, +2.3% from April 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance May 2019 Retail Sales-Retail is at $457.2 billion, Food Services & Drinking Places $61.8 billion, Total Retail Sales $519.0 billion, +0.5% from April 2019, +3.2% from May 2018. USDOC PR link.

The US Federal Reserve says the US Preliminary May 2019 Manufacturing Total Industry % of Capacity is at 78.1%, April 2019 was at 77.9%, March 2019 78.4%, May 2018 77.5%. USFed PR link.

The U of Michigan US Preliminary June 2019 Consumer Sentiment Index is at 97.9, May 2019 was at 100.0, April 2019 97.2, June 2018 98.2. UMichigan PR link.

***Thursday, June 13:

ExxonMobil(PBR2) and Saudi Arabia based 50/50 partner SABIC to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker, the largest in the world, in San Patricio County, TX, construction to start in 3Q19, in production by 2022. $XOM PR link.

Tyson(PBR74) introduces its first plant-based and blended products, along with its new Raised & Rooted® brand. $TSN PR link.

Twitter(PBR729) removes nearly 4,800 accounts with Iran government connections. $TWTR PR link.

Verso Corp(PBR790) adopts a limited duration stockholder rights plan as it continues to seek a new CEO and review strategic alternatives. $VRS PR link.

KKR(PBR833) to sell its global copper foils and flexible copper clad laminates predominantly used in li-ion batteries for electric vehicle applications producer KCF Technologies unit to SK Group affiliate for $1 billion. $KKR PR link.

Cedar Fair(PBR976) to acquire Schlitterbahn Waterparks and Resorts in New Braunfels, TX, and Galveston, TX, for $261 million, along with the right to acquire an additional 40 acre property in Kansas City, KS, for $6 million cash for future development. $FUN PR link.

Red Robin(PBR978) gets letter from activist investor Vintage Capital critical of current directions and decisions, offers to buy RRGB for $40/share, recommends replacing current Board. $RRGB PR link.

Red Robin(PBR978) says it is surprised by comments on filing by activist shareholder Vintage Capital because of discussions they had had and did not recommend any CEO candidates, reviews its current status regarding a CEO search and corporate directions. $RRGB PR link.

Regis Corp(PBR986) announces the profitable sale and transfer of 96 of its California-based Supercuts® salons to the Moxie Management Group, a portfolio company of a Spanos Barber Jesse & Co managed fund. $RGS PR link.

The US Dept of Labor says the US Preliminary May 2019 All Import Prices Index is at -0.3%, Exports -0.1%; the May 2019 Year-to-Year Import Prices Index is at -1.5%, Exports -0.7%. USDOL PR link.

***Wednesday, June 12:

Ford(PBR12) announces a field service action to correct a suspension issue in certain model year 2011 through 2017 Explorer vehicles, expects to take $180 million charge from its N America business unit in 2Q19. $F PR link.

Facebook(PBR55 $FB) opens engineering center in London dedicated to eliminating harmful content, will add more than 500 tech jobs before the end of the year. MarketWatch PR link.

Jacobs Engineering(PBR204) completes $11.25 per share in cash, with enterprise value, net of tax assets, of approximately $815 million, including an estimated $272 million of net debt, national security provider of advanced engineering and technology solutions for the Intelligence, Cyber and Counterterrorism communities KeyW$JEC PR link.

BB&T(PBR239) and SunTrust Banks(PBR287)$66 billion merger stock deal to close by end of 4Q19, new name with be Truist$BBT PR link.

Groupon(PBR798) announces a US distribution partnership with GasBuddy for consumers to earn GasBack rewards for Groupon purchases. $GRPN PR link.

KKR(PBR833) to launch voluntary public tender offer for Germany based media and technology company active in more than 40 countries Axel Springer SE for around $70.55/share, a 40% premium, around $7.6 billion. $KKR PR link.

KKR(PBR833) doubles its investment with additional $250 million commitment to investor of small balance real estate loans throughout the US and the UK, including single-family rental loans and commercial and residential bridge loans, Toorak Capital Partners, which recently completed more than $2.5 billion in investments across more than 8,000 loans in 45 states and the U.K., more than doubling the company’s $1 billion milestone of total loans purchased at this time last year. $KKR PR link.

The US Dept of Treasury says that the US May 2019 Federal Government Receipts were $232.1 billion, Outlays $439.8 billion, for a May 2019 Deficit of $207.8 billion, the May 2018 Deficit was $146.8 billion; The May 2019 YTD Federal Government Receipts(8 Months) is at $2.275 trillion, YTD Outlays $3.014 trillion, for a YTD Deficit of $738.6 billion, the May 2018 YTD Deficit was at $532.2 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary May 2019 Consumer Price Index-All Items is at +0.1%, April 2019 was at +0.3%, March 2019 +0.4%, May 2018 +0.2%, Last 12 Months +1.8%. USDOL PR link.

The US Dept of Labor says the US Preliminary May 2019 Current Average Earnings/Hour is at $27.83, Average Hours Worked Per Week is at 34.4, Total Average Weekly Earnings are at $957.35, +0.2% from April 2019, +2.8% from May 2018. USDOL PR link.

***Tuesday, June 11:

Amazon(PBR5 $AMZN) to shut down its Amazon Restaurants food delivery service in the 20 US cities it serves on 06/24/19, will also shut down its Daily Dish, a workplace lunch delivery service that launched in 2016, on 06/14/19. GeekWire PR link.

Facebook(PBR55) introduces Study from Facebook, an app for market research, will compensate users. $FB PR link.

Facebook(PBR55 $FB) is building a giant solar farm in Texas for its first direct investment in renewable energy, $416 million project.MarketWatch PR link.

3M(PBR90) to take $160 million pre-tax 2Q19 charge for deconsolidation of its Venezuelan subsidiary, which was effective 05/31/19. $MMM PR link.

Tesla(PBR140) CEO Elon Musk at annual shareholder meeting says the is no demand problem for Tesla vehicles, spoke about the Model Y, Tesla’s next vehicle, the gigafactory under construction in China and a future one in Europe, and promised another Tesla acquisition to ease the company’s entry into insurance.MarketWatch PR link.

VISA(PBR149) announces the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally. $V PR link.

Boston Scientific(PBR310) completes $465 million plus additional milestones achieved payments acquisition of privately-held Superion® Indirect Decompression System developer Vertiflex, anticipates $60 million in revenues in 2019. $BSX PR link.

H&R Block(PBR710) to acquire Toronto, Ontario based 400,000 small businesses globally monthly financial solutions platform provider Wave Financial for $405 million cash, to close in the next few months. $HRB PR link.

Brinker Intl(PBR712) gives DoorDash exclusive agreement to be delivery service for its 1,000+ Chili’s restaurant locations. $EAT PR link.

TEGNA(PBR866) to acquire Indianapolis, IN, NBC television affiliate WTHR, the Columbus, OH, CBS television affiliate WBNS and its sports radio station WBNS, from the Dispatch Broadcast Group, for $535 million in cash, to close 3Q19. $TGNA PR link.

The US Dept of Labor says the US Preliminary May 2019 Producer Price Index Final Demand-Goods was -0.2%, Services +0.3%, Total Final Demand +0.1%, April 2019 was +0.2%, March 2019 +0.6%, May 2018 +0.4%, Last 12 Months +1.8%. USDOL PR link.

CoreLogic says the US March 2019 Housing Loans 30 Days or More Delinquents was at 4.0%, February 2019 was at 4.0%, January 2019 4.0%, March 2018 4.3%, the March 2019 Housing Mortgages in Foreclosure were at 0.4%, March 2018 was at 0.6%. “… the continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.” CoreLogic PR link.

Manpower(PBR135) says US employers are reporting the strongest nationwide hiring intentions in 13 years at +21%, according to the 3Q19 ManpowerGroup Employment Outlook Survey$MAN PR link.

***Monday, June 10:

Phillips 66(PBR23) and Plains All American Pipeline(PBR87) form 50/50 joint venture Red Oak Pipeline to provide crude oil transportation service from Cushing, OK, and the Permian Basin in West Texas to Corpus Christi, Ingleside, Houston and Beaumont, TX, initial service planned for 1Q21, to cost around $2.5 billion. $PSX PR link.

Target(PBR38) expands family benefits policies for both fulltime and parttime workers, including backup care, new paid family leave, doubling adoption and surragacy reimbursement. $TGT PR link.

Intel(PBR42) to acquire Santa Clara, CA-based Barefoot Networks, provides expertise for cloud network architectures, P4-programmable high-speed data paths, switch silicon development, P4 compilers, driver software, network telemetry and computational networking, to close in 3Q19, terms not disclosed. $INTC PR link.

Merck(PBR70) to acquire privately held therapeutics targeting the latent TGFβ complex for the treatment of cancer, fibrosis and autoimmune diseases biopharmaceutical company Tilos Therapeutics for up to $773 million, includes upfront payment and contingent milestone achievements. $MRK PR link.

Raytheon(PBR105) and United Technologies(PBR45) to combine in merger of equals in all stock transaction, UTX shareholders will own 57% of stock, Raytheon shareholders 43%, will be named Raytheon Technologies, to be headquartered in Boston area, will have pro forma 2019 revenues of $74 billion, to close in 2H20 after UTX completes spinoffs of Carrier and Otis business units. $RTN PR link.

Thermo-Fisher Scientific(PBR118) $925 million acquisition of manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes Gatan, a wholly owned subsidiary of Roper Technologies(PBR530) is terminated by mutual agreement, unable to get UK regulatory approval. $TMO PR link.

Broadcom(PBR146) gets 2 year agreement to provide Apple(PBR3) with specified, radio-frequency front end components and modules for Apple’s smartphones, tablets and watches, and to maintain and allocate to them sufficient manufacturing capacity and other resources to make these products. $AVGO PR link.

Salesforce(PBR236) to acquire self-service analytics platform provider Tableau Software(NYSE: DATA) in a $15.7 billion all-stock deal, to close by 10/31/19. $CRM PR link.

GameStop(PBR310) to launch a “modified Dutch auction” tender offer to purchase up to 12,000,000 shares of its Class A common stock for not greater than $6.00 and not less than $5.20 per share, to start 06/11/19, expires 07/10/19. $GME PR link.

Apollo Global Mgmt(PBR995) to acquire photo personalization provider Shutterfly(NASDAQ: SFLY) for $51.00/share, around $2.7 billion cash, to close by early 4Q19, will combine it with its Snapfish acquisition, which will close at the same time. $APO PR link.

PVH(PBR314) promotes Cheryl Abel-Hodges to CEO of its Calvin Klein unit, succeeds leaving Steve Shiffman. $PVH PR link.

The US Dept of Labor says the US Preliminary April 2019 Job Openings-Private was at 6,726,000, Government 723,000, Total Openings 7,449,000, -0.3% from March 2019, +4.8% from April 2018. USDOL PR link.

***Friday, June 7:

The PBRMarketTools US Stock Exchanges Recap for Week 23 of 2019 ending 06/07/19:

DJIA ends Week 23 at 25,983.94, +4.71% from last Friday/MTD, +0.21% QTD, +11.39% YTD, -3.15% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 23 at 7,742.10, +3.88% from last Friday/MTD, +0.17% QTD, +16.68% YTD, -5.17% from record 8,164.00 set 05/03/19.

SPX ends Week 23 at 2,873.34, +4.41% from last Friday/MTD, +1.37% QTD, +14.62% YTD, -2.46% from record 2,945.83 set 04/30/19.

The Week 23 News Summary: Despite the continuing focus on the inability on the US and China to come up with a trade deal and none currently in sight, the new 5% tariffs increasing monthly to 25% threatened against Mexico for not helping stem the tide of illegal immigration from Central American countries into the US, and a lackluster US jobs report, the stock exchanges recovered significantly from the losses inflicted in May. A big part of that was the strong possibility of the Federal Reserve cutting short term interest rates, continued low unemployment, a moderate growth report indicated by the Beige Book, a rebound by the tech sector, and maybe because US President Trump was in Europe for the week for the commemoration of the 75th Anniversary of D-DayThe Stock Market Bull had an overwhelming 3-0 win, his first outright weekly victory since 04/05/19, his best week of the year. The Stock Market Bear after some action on Monday decided to leave and become part of a circus disappearing act.

The Week 23 YTD tally is:
The Stock Market Bull: 11 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Walmart(PBR1) to offer Walmart InHome Delivery starting in the Fall 2019, in Kansas City, MO, Pittsburgh, PA, and Vero Beach, FL, includes in home delivery of groceries and placing them in the refrigerator. $WMT PR link.

FedEx(PBR46) makes strategic decision to not renew the FedEx Express US domestic contract with Amazon(PBR5), will focus on serving the broader e-commerce market, does not affect other contracts with Amazon, represented 1.3% of revenues in 2018. $FDX PR link.

Biogen(PBR239) completes $25.50/share $800 million acquisition of London, UK-based clinical-stage gene therapy company focused on adeno-associated virus (AAV) treatments for inherited retinal disorders Nightstar Therapeutics(NST; Nasdaq: NITE)$BIIB PR link.

Barnes & Noble(PBR647) to be acquired by affiliates of Elliott Management for $6.50/share, around $683 million, to become a private company, CEO will be James Daunt, CEO of UK bookstore chain Waterstones which was acquired by Elliott Management in 06/18, to close in 3Q19. $BKS PR link.

Vertex Pharmaceuticals(PBR721) to expand collaboration with CRISPR Therapeutics (NASDAQ: CRSP) with $175 million upfront payment and up to $1 billion in additional milestone and royalty payments, will acquire Exonics Therapeutics for $245 million as part of a $1 billion deal based on milestone achievements, enhances its gene editing capabilities to develop therapies for Duchenne Muscular Dystrophy (DMD) and Myotonic Dystrophy Type 1 (DM1). $VRTX PR link.

American Equity(PBR945) says it is no longer in discussions regarding a potential transaction, was not in the best interest of shareholders. $AEL PR link.

Alliance Data(PBR379) President/CEO/Board member Ed Heffernan has resigned, Epsilon acquisition has been completed, President of Card Services unit Melisa Miller named President/CEO and member of the Board effective immediately, other senior executive changes announced. $ADS PR link.

The US Dept of Labor says the US May 2019 Employed Workers is at 156,758,000, +113,000 from April 2019, +1,219,000 from May 2018, May 2019 Unemployed is at 5,888,000, +63,000 from April 2019, -240,000 from May 2018, May 2019 Unemployment Rate stays at 3.6%, was 3.8% in May 2018. USDOL PR link.

The US Federal Reserve Board says the US Preliminary April 2019 Total Consumer Debt-Revolving was at $1.065 trillion, Non-Revolving$3.005 trillion, April 2019 Total Consumer Debt$4.070 trillion, +0.4% from March 2019, +1.5% YTD(4 months), +5.1% from April 2018. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Wholesale Sales-Durables was at $240.4 billion, Non-Durables$262.7 billion, Total $503.1 billion, -0.4% from March 2019, +2.7% from April 2018. USDOC PR link.

The FannieMae(PBR21) US May 2019 Home Purchase Sentiment Index is at 92.0, April 2019 was at 88.3, March 2019 89.8, May 2018 92.3. Headline: “Americans’ Confidence in Housing Nears Survey High, Despite Moderating Optimism About Wage Growth and Job Security.” $FNMA PR link.

***Thursday, June 6:

Ford(PBR12) British subsidiary to take $650 million pre-tax charge mostly in 2019 to exit the Ford Bridgend Engine Plant in South Wales, will cease production during 2020. $F PR link.

Alphabet(PBR15)’s Google unit to acquire unified platform for business intelligence, data applications and embedded analytics Looker for $2.6 billion cash, will become part of Google Cloud. $GOOG PR link.

Alphabet(PBR15)’s Google unit announces first collection of games for its Stadia service, Stadia Founder’s Edition discounted from $300 to $129.99 on a pre-order basis, to launch in 14 countries including the US in 11/19. $GOOG PR link.

Anthem(PBR33) to acquire Beacon Health Options, the largest independently held behavioral health organization in the US, serving 36+ million individuals across all 50 states, from Bain Capital Private Equity and Diamond Castle Holding, terms not disclosed, to close in 4Q19. $ANTM PR link.

Altice USA(PBR310) completes $200 million acquisition of digital-first, live business, general news and college network focused on young professional and millennial audiences with over 400 million video views a month company Cheddar$ATUS PR link.

Fastenal(PBR528) industrial vending program for nuts, bolts, and screws achieves 100,000-plus active devices across 25 countries. $FAST PR link.

Meredith Corp(PBR849)’s Entertainment Weekly to become a monthly starting in 08/19, to increase investment in EW.com and digital, social, video and experiential platforms. $MDP PR link.

The US Dept of Labor says US Revised 1Q19 Labor Productivity Output/Hr-All Employees-Business Sector is at +3.5%, 4Q18 was at +1.2%, 3Q18 +1.5%, 1Q18 +0.9%. USDOL PR link.

The US Dept of Commerce says US April 2019 Exports-Goods was at $136.9 billion, Services$69.9 billion, Total Exports $206.8 billion, Imports-Goods was at $208.7 billion, Services$49.0, Total Imports $257.7 billion, Total Deficitwas $50.9 billion, Total Deficit YTD(4 months)is at $205.5 billion, Total Deficit YTD(4 months) in 2018 was $202.0 billion. USDOC PR link.

***Wednesday, June 5:

Amazon(PBR5) Re: MARS conference news items regarding StyleSnap, warehousing/robotics, and drone delivery services. $AMZN PR link.

3M(PBR89) to sell its 500 employees gas and flame detection business to Teledyne(PBR747)for $230 million, to close 2H19. $MMM PR link.

Eli Lilly(PBR115) gets US FDA approval for Emgality® (galcanezumab-gnlm) injection (300 mg) for the treatment of episodic cluster headache in adults, the first and only calcitonin gene-related peptide (CGRP) antibody approved by the FDA for two distinct headache disorders. $LLY PR link.

Tesla(PBR139 $TSLA) is estimated to have sold nearly 3 times as many electric cars as its rivals, according to Morgan Stanley research.MarketWatch PR link.

Carnival Corp(PBR160 $CCL) and its Princess Cruises unit ordered to pay $20 million fine for plastics and garbage dumping in the ocean per US Dept of Justice suit, follows $40 million fine in 04/17 for oil dumping. DOJ PR link.

Bristol-Myers Squibb(PBR131) announces senior management leadership team after $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.

LabCorp(PBR267) Chairman/President/CEO David P. King to step down as President/CEO on 10/31/19, will become Executive Chairman on 11/01/19, Board member Adam H. Schechter to become President/CEO. $LH PR link.

Casey’s General Stores(PBR354) hires Darren Rebelez to become President/CEO on 06/24/19, succeeds Terry Handley who is retiring after 38 years with Casey’s. $CASY PR link.

Red Robin(PBR965) adopts a short-term shareholder rights plan as it completes its ongoing CEO search and executes on its strategic plan. $RRGB PR link.

The US Securities and Exchange Commissionadopts a package of rulemakings and interpretations designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal requirements and mandated disclosures in line with reasonable investor expectations, while preserving access (in terms of choice and cost) to a variety of investment services and products. SEC PR link.

The US Federal Reserve releases its Beige Book based on information from the Federal Reserve Banks through 05/24/19, says, “Economic activity expanded at a modest pace overall from April through mid-May, a slight improvement over the previous period.” TheFed PR link.

ADP(PBR235) says the US Preliminary May 2019 Change in Employment is at +27,000, -52,000 from Small Businesses(1-49 employees), +11,000 from Mid-Sized Businesses(50-499 employees), +68,000 from Large Businesses(500 and more employees), -43,000 from Goods Producing Sector, +71,000 from the Services-Providing Sector. $ADP PR link.

The Institute for Supply Management says the US May 2019 Non-Manufacturing Index(>50% indicates economy is growing) is at 56.9%, April 2019 was at 55.5%, March 2019 56.1%, May 2018 58.9%. “The non-manufacturing sector continues to experience a slight uptick in business activity, but it is still leveling off overall. Respondents are mostly optimistic about overall business conditions, but concerns remain about tariffs and employment resources.” ISM PR link.

The IHS Markit US May 2019 Composite PMI Output Index is at 50.9, April 2019 was at 53.0, March 2019 54.6, May 2018 56.6. “… business confidence dipped to its lowest since June 2016 amid concerns about global trade tensions and less robust demand conditions.” IHS Markit PR link.

***Tuesday, June 4:

Walmart(PBR1) expanding its Live Better Ueducation benefit to include new technology degrees and certificates for $1 a day and offering high school students a bridge into the workforce, including access to all its learning programs. $WMT PR link.

Apple(PBR3 $AAPL) is being sued by two app developers claiming that Apple engaged in anticompetitive conduct by only allowing the downloading of iPhone apps through Apple’s official App Store. Apple also requires developers to price their apps in tiers ending in 99 cents and takes up to a 30% commission from developers on the sale of apps. Reuters PR link.

CVS Health(PBR8) expects to open 1,500 HealthHUBs by end of 2021 as part of strategy to accelerate growth. $CVS PR link.

Group 1 Automotive(PBR261) does nationwide launch of AcceleRide®, its new online automotive purchase platform, includes online inventory of over 38,000+ new and pre-owned vehicles, currently live at 79 dealerships, will be available at all 116 Group 1 US dealerships by the end of the summer. $GPI PR link.

Newell Brands(PBR341) to sell its $112 million in revenues in 2018 The United States Playing Card Company to Cartamundi Group, a leading manufacturer and distributor of playing cards and board games, terms not disclosed, to close in 2H19. $NWL PR link.

Michaels Cos(PBR504) partnering with Cricutfor upcoming availability of Infusible Ink™, an all-new system of Cricut products that brings commercial-level, permanent heat-transfer effects to the consumer do-it-yourself (DIY) space, to be available from 06/21/19 through 10/01/19. $MIK PR link.

Sprouts(PBR511) announces 06/11/19 National Hiring Day from 9AM-7PM, to hire around 1,500 across 300 stores. $SFM PR link.

Continental Resources(PBR541) authorizes initial $1 billion share buyback program, starts 2Q19, expires end of 2020. $CLR PR link.

Mattel(PBR558) announces international licensing agreement with Hello Kitty brand builder Sanrio to design and develop a wide array of toys, dolls, playsets, games, puzzles, baby gear, plush, vehicles and other products inspired by Hello Kitty & Friends and Hello Kitty Cafe, as well as a range of characters in the Sanrio portfolio, to be available in the Fall of 2020. $MAT PR link.

Tupperware(PBR862) announces “No Time to Waste” vision, to significantly reduce plastic and food waste by 2025 through its global network of 3 million Sales Force, 12,000 associates and suppliers. $TUP PR link.

CACI(PBR564) President/CEO Ken Asbury to retire and resign from the Board effective 06/30/19, COO John Mengucci to be successor on 07/01/19. $CACI PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 New Orders-Durable Goods is at $248.6 billion, Non-Durable Goods $250.7, Total $499.3 billion, -0.8% from March 2019, +0.6% from April 2018; Total YTD is at $1.200 trillion, +1.7% from April 2018. USDOC PR link.

The PurdueU/CME Group says the US May 2019 Ag Economy Barometer was at 101, April 2019 was at 115, March 2019 133, May 2018 141. PurdueU PR link.

***Monday, June 3:

Apple(PBR3) at its World Wide Developers Conference 2019 unveils several new products and developer tools. $AAPL PR link.

Humana(PBR54) says it will not make a proposal to combine with Centene(PBR50) as an alternative to Centene’s proposed acquisition of WellCare Health Plans(PBR168)$HUM PR link.

Tyson(PBR74) completes $340 million acquisition of Thailand and Europeanoperations of BRF SA, includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the UK. $TSN PR link.

Altria(PBR111) will invest $372 million for an 80% ownership interest in certain companies of Switzerland based Burger Group that will commercialize oral tobacco-derived nicotine pouch product on! worldwide. $MO PR link.

Tesla(PBR139 $TSLA) likely to build Model Y at California plant, Elon Musk says. MarketWatch PR link.

Sears(PBR168) parent Transform Holdings(aka the new Sears) will acquire the outstanding shares of Sears Hometown(PBR917) not owned by ESL Investments and its affiliates for $2.25/share cash, to close in SHOS 3Q19 fiscal year. $SHLDQ PR link.

Las Vegas Sands(PBR226) completes $1.3 billion sale of its Sands Bethlehem property in Pennsylvania to an affiliate of Poarch Band of Creek Indians of Alabama$LVS PR link.

LabCorp(PBR267)’s Covance Drug Development segment has completed the acquisition of Envigo’s nonclinical contract research services business, Envigo’s Research Models and Services business has completed the acquisition of LabCorp’s Covance Research Products business, results in net payment by LabCorp of $485 million, will increase LabCorp’s revenue by an incremental $156 million/year. $LH PR link.

PVH(PBR314)’s Calvin Klein subsidiary and G-III(PBR759) have entered into a license agreement with an initial term of five years for the design, production and distribution of Calvin Klein Jeans women’s jeanswear collections in the US and Canada, is in addition to the other women’s Calvin Klein businesses that are already licensed to G-III by CKI. $PVH PR link.

Quest Diagnostics(PBR390 $DGX) says 11.9 million patients may be affected by latest data breach through its outsourced collections vendor. MarketWatch PR link.

Blackstone(PBR423) to acquire assets from three of GLP’s US funds for $18.7 billion, totals 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing US industrial footprint. $BX PR link.

AMD(PBR440) gets multi-year royalties agreement to license custom graphics IP based on the recently announced, highly-scalable RDNA graphics architecture to Samsung for use in mobile devices, including smartphones, and other products. $AMD PR link.

Ventas(PBR636) to acquire a Class A portfolio of 31 purpose-built seniors housing communities and four in-progress developments in Quebec market through an 85/15 percent equity partnership with Le Groupe Maurice, portfolio is valued at $1.8 billion, to close in 3Q19. $VTR PR link.

ASGN(PBR675) authorizes up to $250 million share repurchase program, expires in 2 years. $ASGN PR link.

Laureate Education(PBR682) completes sale of its universities in Spain and Portugal to global private equity firm Permira Funds for around $908 million net proceeds. $LAUR PR link.

Tronox(PBR921) authorizes up to $100 million share repurchase program. $TROX PR link.

United Technologies(PBR45) appoints David L. Gitlin as President/CEO of its 55,000 employees Carrier unit and Judith F. Marks as President/CEO of its 68,000 employees Otisunit, effective immediately, both units to be spunoff as stand-alone public companies. $UTX PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Total Construction Spending Annual Rate-Residential is at $505.9 billion, Non-Residential $792.6 billion, Total$1.299 trillion, -0.1% from March 2019, -1.2% from April 2018. USDOC PR link.

The ISM Preliminary May 2019 Manufacturing PMI Index(>50% means economy expanding)was at 52.1%, April 2019 was at 52.8%, March 2019 55.3%, May 2018 58.7%. “Respondents expressed concern with the escalation in the U.S.-China trade standoff, but overall sentiment remained predominantly positive. The PMI® continues to reflect slowing expansion …” ISM PR link.

IHS Markit says the US May 2019 Manufacturing PMI Index is at 50.5, April 2019 was at 52.6, March 2019 52.4, May 2018 56.4. “The headline PMI fell to its lowest level since September 2009 as output growth eased and new orders fell for the first time since August 2009.” IHS Markit PR link.

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

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The PBR1000 May 2019 Breaking News Recap

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 GroupHill 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 DeliverooDeliveroo 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 importsPRC 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 2018USDOL 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 2018USDOC 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 2018USFed 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 2018USDOL 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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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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The PBR1000 April 2019 Breaking News Recap

The PBR1000 Continues to Thrive Amid Uncertainty

PBR1000

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 2018Median Sales Price is $302,700, -4.0% from February 2019, -9.7% from March 2018USDOC 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 2018NAR 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 2018USDOC 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 2018USDOC 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 2018USDOC 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 2018USDOL 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 2018USDOL 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 2018USDOC 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 2018Number of Unemployed is at 6,211,000, -24,000 from February 2019, -274,000 from March 2018Unemployment Rate is at 3.8%, same as February 2019, was 4.0% in March 2018USDOL 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 2018USFed 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 2018Small 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 2018Average 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 2018Annual 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 agoEdmunds 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 2018USDOC 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 2018USDOC 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 2018USDOC 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

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

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The PBR1000 March 2019 Breaking News Recap

PBR1000 Economy

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 2018USDOC 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 03/30/18USTreasury 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 4Q17USDOC 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 03/30/18AAA 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 03/30/18EURUSD 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 4Q172018 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 03/31/18USDOL 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 4Q17USDOC 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 03/23/18USEIA 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 2018USDOC 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 4Q17USDOL 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 2018USDOC 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 economyUS 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 2018USDOL 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 2018Median Price is $317,200, -0.6% from December 2018, -3.8% from January 2018Homes Available are at 336,000, -1.5% from December 2018, +13.9% from January 2018USDOC 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 2018USDOC 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 2018USDOL 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 2017USDOC 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 2018USDOC 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: DOWCorteva 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 2018February 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 4Q17USDOL 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 2017Median Price is at $318,600, +5.0% from November 2018, -7.2% from December 2017New Houses Available Annual Rate is at 344,000, +3.0% from November 2018, +17.0% from December 2017USDOC 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 2017USDOC 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 2018Seasonally 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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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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Copyright © 2019, All Rights Reserved, Pax Business Resources, LLC.

The PBR1000 February 2019 Breaking News Recap

Strategy PBR1000

Annual US corporate earnings and 2019 guidance featured many interesting strategies to cope with the current volatility of trade policies, world events, and US politics.

By Larry C. Paxton

The February 2019 News Summary: There is still a feeling of optimism for the US/China trade negotiations, the US tariffs have been delayed as a result, but very few specifics have been made available. The US/N Korea talks were not as productive however, with no commitment by N Korea regarding denuclearization. Corporate earnings for 2018 were somewhat mixed, but positive for many key companies. Several companies announced restructuring and strategic alternatives initiatives and it was an active month for share buyback programs. There was some mergers & acquisitions activity, most notably the SunTrust/BB&T $66 billion all stock merger. Economic news was also somewhat mixed, but results and forecasts indicate an economy that continues to grow at a moderate pace as it appears the rest of the world will be slowing down. The initial estimate for the 4Q18 GDP was at +2.6%, better than anticipated. The Federal Reserve has backed off increasing short term federal funds rates and changed its assessment of the US economy from “strong” to “solid.” With the houses split politically and it still being early in the year, the US Congress has not produced much legislation, but did pass a spending bill. The 2020 US election races are starting to heat up with a lot of horses lining up for the Democratic presidential nomination.

***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

Amazon(PBR5) introduces Amazon Day service, for Prime members, can specify day you would like to receive your week’s purchases, in support of Shipment Zero project. $AMZN PR link.

Target(PBR38) and lifestyle apparel brand best known for its smiling pink whale logo vineyard vines doing a limited-edition collaboration, collection includes 300+ unique items spanning home and outdoor goods, pets, as well as apparel, accessories and swim for the entire family, price range is $2-$120, most items under $35. $TGT PR link.

Tesla(PBR132) announces standard Model 3 now available for target price of $35,000, 220 miles of range, top speed of 130 mph and 0-60 mph acceleration of 5.6 seconds, upgrade options available, shifting sales worldwide to online only, with some stores to remain open as galleries. $TSLA PR link.

Southwest Airlines(PBR136 $LUV) files a lawsuit accusing mechanics union workers of reporting trivial maintenance issues in an effort to take planes out of service and gain an advantage in contract negotiations. MarketWatch PR link.

Bristol-Myers Squibb(PBR140) shareholders get open letter from activist investor Starboardsaying why it is not voting for the Celgene(PBR220) $74 billion acquisition. $BMY PR link.

Bristol-Myers Squibb(PBR139) responds to letter from activist investor Starboard which says it will vote against $74 billion acquisition of Celgene(PBR220), provides benefits statements for the acquisition. $BMY PR link.

NGL Energy(PBR163) completes $238.8 million sale of its South Pecos Water Disposal Assetsto WaterBridge Resources$NGL PR link.

PG&E(PBR166) to take $10.5 billion charge related to 2018 Camp Fire and additional $1.0 billion charge related to 2017 N California wildfires, states certain conditions exist which raise substantial doubt about PG&E Corporation’s and the Utility’s ability to continue as going concerns. $PCG PR link.

Gap Inc(PBR179) to separate into two independently traded companies, family apparel brand Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City, to be completed in 2020. $GPS PR link.

L Brands(PBR228 $LB) to close 53 Victoria’s Secret stores in 2019, still has over 950 stores in the US. CNN PR link.

JCPenney(PBR232) releases 4Q18 results, will close 18 full-line stores in 2019, to close 9 ancillary home and furniture stores, expects positive free cash flow in 2019. $JCP PR link.

Michaels Cos(PBR489) hires Mark Cosby as Interim CEO, succeeds Chuck Rubin who has mutually agreed with the Board to transition out, will remain Chairman until 04/01/19, new CEO search starts. $MIK PR link.

Stericycle(PBR635) President/COO Cindy Miller to become President/CEO, effective 05/02/19, succeeds retiring Charles Alutto; CFO Daniel V. Ginnetti will transition to EVP/International upon appointment of successor. $SRCL PR link.

Delta(PBR66) Chief Marketing and Communications Officer Ned Walker to retire on 05/01/19 after 35 years with the company, Tim Mapes named successor. $DAL PR link.

JCPenney(PBR232) hires Michelle Wlazlo as EVP/Chief Merchant. $JCP PR link.

The US Dept of Commerce says the US 4Q18 Advance Estimate Real Gross Domestic Product Annual Rate is +2.6%, $20.891 trillion, +1.1% from 3Q18, +5.3% from 4Q17USDOC PR link.

The US Dept of Treasury says US National Debt-Public on 02/27/19 was at $16.212 trillion, Intragovernmental Holdings $5.862 trillion, Total Debt $22.074 trillion, +0.4% from 01/31/19, +0.5% YTD(2 months), +5.8% from 02/28/18USTreasury PR link.

The US Dept of Treasury says US 10 Year Treasury Note on 02/28/19 finished at 2.73%, 01/31/19 was at 2.63%, 12/31/18 2.69%, 02/28/18 2.87%. USTreasury PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims 4 Week Moving Average for Week Ending 02/23/19 is at 229,000, +4.0% from 01/26/19, +2.7% from 02/24/18Total Insured Unemployment 4 Week Moving Average for Week Ending 02/16/19 is at 1,761,750, +1.4% from 01/19/19, -7.0% from 02/24/18, Uninsured Employment Rate is at 1.3%. USDOL PR link.

The US Dept of Commerce/Census says US 4Q18 Total Housing Units was at 138,858,000, 122,469,000 occupied, for an Occupancy Rateof 88.2%, Homeownership Rate is at 64.8%. USDOC PR link.

The MNI February 2019 Chicago Business Barometer(>50 is Gaining) is at 64.7, January 2019 was at 56.7, December 2018 63.8, February 2018 61.9. MNI PR link.

Freddie Mac(PBR37) says US 30 Year Fixed Mortgage Rates Average on 02/28/19 was at 4.35% with 0.5 fees/points, 01/31/19 was at 4.46%, 12/27/18 4.55%, 02/22/18 4.40%. $FMCC PR link.

The American Automobile Assn says US National Average for a Gallon of Gas on 02/28/19 was at $2.413, +6.8% from 01/31/19, -4.6% from 02/28/18AAA PR link.

***Wednesday, February 27:

FedEx(PBR42) announces FedEx SameDay Bot, an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to their customers, being developed in collaboration with DEKA Development & Research Corp. and its founder Dean Kamen, inventor of many life-changing technologies, including the iBot™ Personal Mobility Device and the Segway®. $FDX PR link.

Best Buy(PBR63) authorizes new $3 billion share repurchase program, replaces the 02/17 existing authorization, had $1.5 billion in purchases remaining. $BBY PR link.

TJX Cos(PBR79) to repurchase approximately $1.75 to $2.25 billion of TJX stock during the fiscal year ending 02/01/20. $TJX PR link.

Blackstone(PBR387) Life Sciences unit provides $250 million in funding in joint venture with Novartis to form Anthos Therapeutics, a new biopharmaceutical company focused on advancing next-generation targeted therapies for high-risk cardiovascular patients. $BX PR link.

Endo Intl(PBR641) terminates around $190 million acquisition of Somerset Therapeutics, LLC, a New Jersey based specialty pharmaceutical company, and the business of its India-based affiliate Wintac Limited, which operates as Somerset Therapeutics’ contract developer and manufacturer, not getting India approvals on a timely basis. $ENDP PR link.

WABCO(PBR669) confirms that it has been approached by ZF Friedrichshafen AG and has engaged in preliminary discussions concerning a potential transaction. $WBC PR link.

DSW(PBR735) expanding its partnership with W Nail Bar to add nail salons to five additional retail locations in Austin, TX, Washington DC and Dublin, OH, an expansion of nail services test in Columbus, OH, locations. $DSW PR link.

Middleby(PBR819) to acquire $100 million/year in revenues Cooking Solutions Group, consists of the well-known brands APW Wyott®, Bakers Pride®, BKI® and Ultrafryer®, from Standex International Corporation (NYSE: SXI)$MIDD PR link.

Pyxus(PBR895) promotes Tracy G. Purvis to EVP/Business Services. $PYX PR link.

Ocwen Financial(PBR992) hires June C. Campbell as CFO, effective 03/04/19; Joseph J. Samarias will assume the role of EVP and General Counsel, effective 04/01/19, succeeds Timothy M. Hayes who is retiring. $OCN PR link.

The US Dept of Commerce/Census says US Preliminary December 2018 New Orders-Durable Goods were at $254.1 billion, Non-Durable Goods $245.8, Total $499.9 billion, +0.1% from November 2018, +2.4% from December 2017USDOC PR link.

The US Energy Information Administrationsays US Crude Oil Stocks on 02/22/19 were at 445.9 Millions of Barrels, +0.0% from 01/25/19, +5.3% from 02/23/18EIA PR link.

***Tuesday, February 26:

Walmart(PBR1) announces intent to achieve 100 percent recyclable, reusable or industrially compostable packaging for its private brand packaging by 2025, names additional goals. $WMT PR link.

ExxonMobil(PBR2) added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, now has 24.3 billion barrels in proven reserves for life of 17 years at current production rates. $XOM PR link.

AT&T(PBR10) merger with Time Warner upheld by DC Circuit Court$T PR link.

GE(PBR19) Chairman/CEO Larry Culp sends first annual letter to shareholders, goal is to return GE to a position of strength, focus on team, technology, and global network, working on improving financial position, strengthening business starting with Power. 2018 10-K shows worldwide employees at 283,000 with 97,000 in the US, 2017 had 313.000 employees with 106,000 in the US. $GE PR link.

Boeing(PBR29) acquisition of 80% stake for $4.2 billion in joint venture with Brazil based Embraer(B3: EMBR3, NYSE: ERJ) gets Embraer shareholders approval, to close by end of 2019. $BA PR link.

Marriott Intl(PBR119) projecting to open more than 30 luxury properties around the globe across its 8 luxury brands in 2019. $MAR PR link.

Tesla(PBR132) CEO Elon Musk gets two weeks by judge to explain why he shouldn’t be held in contempt for his unauthorized tweet saying Tesla would produce 500,000 vehicles in 2019. $TSLA PR link.

Gap Inc(PBR179) authorizes new $1.0 billion share repurchase program, supersedes 02/25/16 existing authorization. $GPS PR link.

Newell Brands(PBR198) in Accelerated Transformation Plan to sell its $123 million in sales in 2018 Rainbow® indoor environments products developer and manufacturer Rexair to global private equity firm Rhone Capital, to close 2Q19, terms not disclosed. $NWL PR link.

Ameriprise(PBR243) authorizes additional $2.5 billion for share repurchase program through 03/31/21, current authorization with $500 million remaining expires 06/30/19. $AMP PR link.

Campbell Soup(PBR327) to sell its Ferndale, MI-based No. 1 branded refrigerated salsa in the US Garden Fresh Gourmet unit, also makes, sells and distributes hummus, dips and tortilla chips, to a Fountain of Health USA affiliate, to close in fiscal 3Q19, terms not disclosed. $CPB PR link.

Wynn Resorts(PBR401) says “The completion of the review by Nevada regulators is an important step forward, and we deeply appreciate the trust and confidence they have placed in the new leadership of Wynn Resorts to ‘grow and prosper.’” Provides review of actions it has taken since departure of Steve Wynn for sexual misconduct. $WYNN PR link.

Vitamin Shoppe(PBR995) to open around 30 popup stores in Navy Exchange Serviceslocations by end of 2019, will carry 300+ items. $VSI PR link.

Arconic(PBR222) hires Neil Marchuk as EVP/Human Resources effective 03/01/19. $ARNC PR link.

The US Congressional Budget Office projects that if the debt limit is not raised or suspended again after it is automatically reset on 03/02/19, the Treasury will probably run out of cash near the end of fiscal year 2019 or early in fiscal year 2020. CBO PR link.

The US Dept of Commerce/HUD says US Preliminary December 2018 Private Housing Building Permits Issued Annual Rate is at 1,326,000, +0.3% from November 2018, +0.5% from December 2017USDOC PR link.

The Federal Reserve Bank of Richmond Fifth District February 2019 Manufacturing Index(Annualized) is at +16%, January 2019was at -2%, December 2018 -8%. “Firms remained optimistic that conditions would continue to improve in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond Fifth District February 2019 Service Sector Revenue Index(Annualized) is at +17%, January 2019 was at +6%, December 2018+10%. “Firms were optimistic that conditions would continue to improve in the near future.” RichmondFed PR link.

The S&P CoreLogic Case-Shiller US December 2018 National Home Price Index(Jan2000=100) is at 212.96, November 2018 was at 213.45, October 2018 213.77, December 2017 204.42. Case-Shiller PR link.

The Conference Board US Preliminary February 2019 Consumer Confidence Index is at 131.4, January 2019 was at 121.7. “Looking ahead, consumers expect the economy to continue expanding. However, according to The Conference Board’s economic forecasts, the pace of expansion is expected to moderate in 2019.” The Conference Board PR link.

***Monday, February 25:

Berkshire Hathaway(PBR4) Chairman Warren Buffett releases the highly anticipated annual letter to shareholders, covers a wide range of issues. $BRKB PR link.

GE(PBR19) completes spin-off of Transportation Systems unit and its merger with Wabtec(PBR595), GE receives around $2.9 billion in cash as well as shares of Wabtec common stock and Wabtec non-voting convertible preferred stock that, together, represent an approximately 24.9% ownership interest in Wabtec. $GE PR link.

50+ Microsoft(PBR22 $MSFT) employees sign letter saying they don’t want the US Army to use their products for war, protest a contract supplying the military with HoloLens headsets. MarketWatch PR link.

Bank of America(PBR25) to continue new branding as Bank of America, Merrill to be sub-brand for its investing and wealth management offerings. $BAC PR link.

Target(PBR38) introduces new labels Auden, Stars Above and Colsie for bras, panties and sleepwear, available in stores and online. $TGT PR link.

Facebook(PBR67) releases a blog post regarding health issues for its content review practices, including for contract reviewers. $FB PR link.

Tesla(PBR132 $TSLA) CEO Elon Musk tweet about 500,000 vehicles to be produced in 2019 gets US Securities and Exchange Commission to ask a federal judge to hold Musk in contempt, says tweet had not been pre-approved, as required by company policy and a court order; Musk replies in a tweet that he had indicated 350,000 to 500,000 vehicles. MarketWatch PR link.

Danaher(PBR158) to acquire the Biopharmabusiness of bioprocessing technologies and solutions provider GE(PBR19) Life Sciences unit for around $21.4 billion cash, expects to generate around $3.2 billion in revenues in 2019, to close in 4Q19. $DHR PR link.

Bausch Health(PBR326) gets US FDA approval for LOTEMAX® SM (loteprednol etabonate ophthalmic gel) 0.38%, a new gel formulation for the treatment of postoperative inflammation and pain following ocular surgery. $BHC PR link.

Newmont Mining(PBR375) gets unsolicited proposal from Barrick Gold, Newmont reiterates it remains confident that the current proposed combination of Newmont and Goldcorprepresents the best opportunity. $NEM PR link.

Regeneron(PBR462) and Sanofi strongly disagree with certain aspects of Delaware US District Court jury verdict upholding the validity of three of the five asserted claims of two Amgen(PBR121) US patents covering antibodies targeting PCSK9 (proprotein convertase subtilisin/kexin type 9), will appeal. $REGN PR link.

Windstream(PBR463) and all subsidiaries file voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, filing result of court decision against Windstream on 02/15/19 regarding spinoff of certain telecommunications network assets into a real estate investment trust that was ruled invalid, has received a commitment from Citigroup Global Markets Inc. for $1 billion in debtor-in-possession financing. $WIN PR link.

Avon Products(PBR469) appoints global creative production company MediaMonks to support its Representative’s growing use of ecommerce and digital tools with a new Content Studio, looking to develop 12,000 content assets annually for Avon’s 50+ worldwide markets. $AVP PR link.

Caesars Entertainment(PBR518) will offer sports-tech entertainment provider DraftKings market access for its online gaming products in multi-state agreement. $CZR PR link.

Rush Enterprises(PBR525) completes formation of 50/50 joint venture with Tallman Group, the largest International Truck dealer in Canada with around $485 million in sales in 2018, will be named Rush Truck Centres of Canada Limited$RUSHB PR link.

Marathon Oil(PBR551) to exit the UK business with divestitures of its two assets for $140 million, to close in 2H19. $MRO PR link.

Quad/Graphics(PBR573) $1.4 billion all shares acquisition of print and digital media solutions provider LSC Communications(PBR631) gets approval by shareholders of both companies, to close 2H19. $QUAD PR link.

Colfax(PBR670) completes $3.15 billion in cash acquisition of global orthopedic devices, software and services provider DJO Global from private equity funds managed by Blackstone(PBR387)$CFX PR link.

The US Dept of Commerce/Census says US Preliminary December 2018 Wholesale Sales-Durable Goods were at $245.6 billion, Nondurable Goods $251.5 billion, Total $497.1 billion, -1.0% from November 2018, +1.0% from December 2017USDOC PR link.

The Federal Reserve Bank of Chicago says the US Preliminary January 2019 Composite Natl Activity Index is at -0.43, December 2018was at +0.05, November 2018 +0.36, January 2018 -0.29. ChiFed PR link.

***Friday, February 22:

The PBRMarketTools US Stock Exchanges Recap for Week 8 ending 02/22/19:

DJIA ends the week at 26,031.81, +0.57% from last Friday, +4.13% MTD, +11.59% QTD/YTD, -2.97% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,527.54, +0.74% from last Friday, +3.38% MTD, +13.45% QTD/YTD, -7.18% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,792.67, +0.62% from last Friday, +3.28% MTD, +11.40% QTD/YTD, -4.71% from record 2,930.75 set 09/20/18.

The Week 8 US Stock Exchanges Recap:
The Stock Market Bull and The Stock Market Bear took Monday off in observance of the birthday of first US president and founding father George Washington. Tuesday and Wednesday The Stock Market Bulltook charge of the pasture, but on Thursday The Stock Market Bear sunk his claws deep enough to be in the lead. But on Friday The Stock Market Bull recovered nicely, won Week 8 3-0, and continues his unbeaten streak for 2019.

The Week 8 YTD tally is:
The Stock Market Bull: 7 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 1 week

The Week 8 News Summary: There was a feeling of optimism about the US/China trade negotiations, though very few specifics were mentioned to the public. Corporate earnings continued to be mixed. Economic news was also mixed, existing home sales were down, but builder confidence was up. The Federal Reserve Open Market Committee minutes from the last meeting indicated a wait and see attitude for any further federal funds rate increases in the near future and changed its assessment of the US economy from “strong” to “solid.”

Newmont Mining(PBR374) $12/share, $10 billion equity value all shares acquisition of Canada based global gold producer Goldcorp(NYSE: GC) gets Ontario Superior Court of Justice (Commercial List)interim order, allows Goldcorp to proceed with shareholder meeting scheduled for 04/04/19. $NEM PR link.

Magellan Health(PBR464) shareholders get letter from 9.8% stake investor Starboard, says Magellan has underperformed, should consider sale, nominates 6 people for Board. $MGLN PR link.

Magellan Health(PBR464) responds to 9.8% stake investor Starboard, says will consider director suggestions. $MGLN PR link.

AutoNation(PBR130) hires Carl Liebert as President/CEO, Chairman/President/CEO Mike Jackson to become Executive Chairman, effective 03/11/19. $AN PR link.

Beacon Roofing(PBR423) President/CEO Paul Isabella will leave the Company later this fiscal year, will remain an advisor, new CEO search starts. $BECN PR link.

TrueCar’s ALG forecasts US February 2019 New Vehicle Sales will reach 1,268,141 units, down­ 2.6% from a year ago, seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 16.6 million units for the month, Average Incentive Spending by automakers will reach an estimated $3,653 per vehicle in February, down $30 or 0.8% from a year ago, and up 3.0% or $108 from January 2019, estimates Average Transaction Price(ATP) $34,565, up 3.0% from a year ago while incentives as a percentage of ATP was at 10.6% down 3.7% year-over-year. TrueCar PR link.

***Thursday, February 21:

Ford(PBR11) investigating process for US emissions certification concerning road load per concern voiced by a handful of employees through its Speak Up program. $F PR link.

Alphabet(PBR21 $GOOG)’s Google unit to end forced arbitration for all worker disputes, takes effect on 03/21/19. Associated Press PR link.

Kraft Heinz(PBR104) in 4Q18 report says recorded non-cash impairment charges of $15.4 billion to lower the carrying amount of goodwill in certain reporting units, primarily US Refrigerated and Canada Retail, and certain intangible assets, primarily the Kraft and Oscar Mayer trademarks, says it received a subpoena in October 2018 from the US Securities and Exchange Commission associated with an investigation into the Company’s accounting policies, procedures, and internal controls related to its procurement function. $KHC PR link.

Tesla(PBR248 $TSLA) Model 3 loses Consumer Reports recommendation over reliability issues, Tesla says vast majority of issues have already been corrected through design and manufacturing improvements. Consumer Reports PR link.

Group 1 Automotive(PBR261) increases share repurchase program to $75 million. $GPI PR link.

Campbell Soup(PBR327) to sell its 225,000 sf Everett, WA, refrigerated soup plant to affiliate of Seattle-based private investment company Joshua Green Corp, terms not disclosed, to close 3Q19. $CPB PR link.

Wabtec(PBR596) to complete acquisition of GE(PBR19 $GE) spin-off Transportation Systems on 02/26/19, Wabtec to become member of S&P 500 on 02/27/19 replacing Goodyear Tire(PBR186 $GT) which will replace Wabtec on the S&P Mid Cap 400. $WAB PR link.

Pinnacle West(PBR636)’s Arizona Public Service subsidiary to add 850 megawatts of battery storage and at least 100 megawatts of new solar generation by 2025, for a total of 950 megawatts of new clean-energy technology. $PNW PR link.

Vail Resorts(PBR869) to purchase the ski fields at Falls Creek Alpine Resort and Hotham Alpine Resort in Victoria, Australia, for around $124 million, expects 1st year revenues of around $13 million, to close prior to 06/19, the start of ski season. $MTN PR link.

Rowan Cos(PBR978) $12 billion all-stock merger with UK based Ensco plc(NYSE: ESV)gets shareholders approval at both companies, to close 1H19. $RDC PR link.

Pioneer Natural Resources(PBR479) CEO Timothy L. Dove retires, Chairman and founding CEO Scott D. Sheffield named CEO, Lead Director J. Kenneth Thompson becomes Chairman, all effective immediately. $PXD PR link.

Caesars Entertainment(PBR517) in 4Q18 report says President/CEO Mark Frissora extending his departure date from 02/08/19 to 04/30/19 to aid in transition, company may extend for up to 1 month. $CZR PR link.

MGM Resorts(PBR267) CFO Dan D’Arrigo to take advantage of voluntary resignation program, COO Corey Sanders to become CFO, President Bill Hornbuckle to add COO role, all effective 03/01/19. $MGM PR link.

Wyndham Destinations(PBR504) names Oliver Chavy to President/RCI Exchanges, a vacation exchange serving approximately 3.8 million members and more than 4,300 affiliated vacation ownership resorts. $WYND PR link.

The Federal Reserve Bank of Philadelphiasays the US 3rd District Preliminary February 2019 Manufacturing General Activity Indicatoris at -4.1, first negative reading since 05/16, January 2019 was at +17.0, December 2018+9.1, February 2018 +28.1. “… firms’ responses indicated weaker conditions in the region’s manufacturing sector this month… survey’s future indexes indicate that respondents continue to expect growth over the next six months.” PhillyFed PR link.

The Natl Assn of Realtors says the US Preliminary January 2019 Existing Home Sales Inventory Annual Rate is at 4,940,000 homes, -1.2% from December 2018, -8.5% from January 2018; January 2019 Median Existing Home Price was $247,500, -2.4% from December 2018, +2.8% from January 2018. “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.” NAR PR link.

The Conference Board says the US Preliminary January 2019 Leading Economic Index(2016=100) is at 111.3, December 2018was at 111.4, November 2018 111.4. Some key data used is estimated because of the recent US federal government partial shutdown. A revision will be released on 03/04/19. TCB PR link.

***Wednesday, February 20:

Marriott Intl(PBR119) and Manchester United (NYSE:MANU) announce multi-year marketing partnership, giving the 120 million members of the Marriott Bonvoy travel programmeexclusive opportunities for once-in-a-lifetime Manchester United football experiences – including the chance to become the club’s Stadium Announcer or Kit Manager for the day. $MAR PR link.

Bristol-Myers Squibb(PBR139) files amended SEC Form S-4 regarding 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 $CELG) in cash and stock transaction with an equity value of approximately $74 billion, $102.43/share, stockholders of both companies to vote on 04/12/19, to close in 3Q19. $BMY PR link.

PVH(PBR320) to acquire the interests of its longtime Australian partner Gazal Corporationit does not already own for around $88 million, will give PVH full control of its brands in Australia, did around $185 million in sales in 2018, to close 2Q19. $PVH PR link.

Foot Locker(PBR355) authorizes new $1.2 billion share repurchase program, expires 01/31/22, replaces previous $1.2 billion of which $817 million has been used. $FL PR link.

Vistra Energy(PBR481) acquisition of Canadabased Crius Energy Trust (TSX: KWH.UN) for $328 million modified to $378 million plus the assumption of net debt of approximately $108 million, in response to an unsolicited acquisition proposal from a third party bidder on 02/14/19, Crius unitholders to vote on proposal 03/28/19, to close in 2Q19. $VST PR link.

KLA Corp(PBR580) completes $69.02/share in cash/stock, an equity value at $3.4 billion acquisition of solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices supplier Orbotech(NASDAQ: ORBK)$KLAC PR link.

MDC Holdings(PBR780)’s Richmond American Homes of Nevada subsidiaryannounces Grand Opening of six new communities, prices range from mid $200,000s to low $700,000s. $MDC PR link.

Eastman Kodak(PBR946) CEO Jeffrey Clarke steps down, Chairman Jim Continenza appointed Executive Chairman/CEO. $KODK PR link.

Tesla(PBR248) EVP/General Counsel Dane Butswinkas returning to his law firm, to work with Tesla in an outside role as before, VP/Legal Jonathan Chang named successor, has been with Tesla for 8 years. $TSLA PR link.

The Federal Reserve Open Market Committee Minutes from the 01/29-30/19 Meeting says “…information received since the Committee met in December indicated that the labor market had continued to strengthen and that economic activity had been rising at a solid rate… members agreed to change the characterization of recent growth in economic activity from “strong” to “solid,” consistent with incoming information that suggested that the pace of expansion of the U.S. economy had moderated somewhat since late last year.” FOMC PR link.

***Tuesday, February 19:

Amazon(PBR8) announces Shipment Zero, Amazon’s vision to make all Amazon shipments net zero carbon, with 50% of all shipments net zero by 2030. $AMZN PR link.

Ford(PBR11) to exit the commercial heavy truck business in S America, will cease production at the São Bernardo do Campo plant in Brazilduring 2019, ending sales of the Cargo lineup, F-4000 and F-350 — along with the Fiesta small car — once inventories are sold, will take a $460 million charge, will continue to produce SUVs and pickup trucks. $F PR link.

Alphabet(PBR21 $GOOG)’s Google Cloud unit to acquire data migration and integration services provider Alooma, terms not disclosed. Alooma PR link.

Merck(PBR71) gets US FDA approval for KEYTRUDA anti-PD-1 therapy for the adjuvant treatment of patients with melanoma with involvement of lymph node(s) following complete resection. $MRK PR link.

General Dynamics(PBR89) wholly owned subsidiary Jet Aviation acquires full ownership of the San Juan fixed-base operator (FBO) at Luis Muñoz Marin International Airport in Puerto Rico, terms not disclosed. $GD PR link.

Medtronic(PBR95) gets US FDA Breakthrough Device designation for its Personalized Closed Loop (PCL) insulin pump system, currently in development. $MDT PR link.

CenturyLink(PBR156) gets SEC Form 13D filing from investor Southeastern Asset Management saying it now has 6.2% stake in CTL, has some concerns about direction and leadership. $CTL PR link.

Devon Energy(PBR210) pursuing separation of its Canadian and Barnett Shale assets, authorizes additional $1 billion for shares repurchase program, now at $5 billion, $3.4 billion completed, expires 12/31/19. $DVN PR link.

Hormel Foods(PBR300) to sell its CytoSportbusiness, maker of Muscle Milk, to PepsiCo(PBR43) in next 60-90 days, more details to be provided at 02/21/19 HRL earnings call. $HRL PR link.

Targa Resources(PBR322) to sell a 45% interest in Targa Badlands, the entity that holds all of Targa’s assets in N Dakota, to Blackstone(PBR386) and affiliates for $1.6 billion cash, to close 2Q19. $TRG PR link.

Rockwell Automation(PBR403) and Schlumberger(PBR91) to form 53/47 joint venture Sensia, the oil and gas industry’s first fully integrated digital oilfield automation solutions provider, will have 1,000 employees, anticipates $400 million in annual revenues, to close in summer 2019. $ROK PR link.

Host Hotels(PBR485) acquires the fee simple interest in the 1 Hotel South Beach for $610 million, rated in the top-10 US hotels by Conde Nast Traveler and recently rated the #1 hotel in Miami Beach by TripAdvisor$HST PR link.

Caesars Entertainment(PBRPBR517) gets SEC 13D filing showing Icahn Enterprises(PBR127) now holds around 10% of CZR outstanding shares. $CZR PR link.

Snap-On(PBR613) authorizes new $500 million share repurchase program, replaces previous authorization which had $206 million remaining. $SNA PR link.

Allergan(PBR174) disagrees with public shareholder letter from investor Apaloosa saying Chairman/CEO position should be split up immediately. $AGN PR link.

Flowers Foods(PBR592) President/CEO Allen L. Shiver to retire at annual meeting in 05/19 after 41 years with the company, COO Ryals McMullian to become President/CEO. $FLO PR link.

Middleby(PBR818) Chairman/President/CEO Selim Bassoul retires, CFO Timothy FitzGerald named CEO, promotes David Brewer EVP/COO, Chief Accounting Officer Bryan Mittelman promoted to CFO, Lead Independent Director Gordon O’Brien named Chairman. $MIDD PR link.

Avnet(PBR152) promotes SVP/Chief Human Resources Officer and Global Marketing & Communications MaryAnn Miller to Chief Administrative Officer, VP/Human Resources for the Americas Ken Arnold promoted to SVP/Chief People Officer. $AVT PR link.

Sherwin-Williams(PBR191) promotes President/Performance Coatings Group David B. Sewell to serve as President/COO, President/Consumer Brands Group Aaron M. Erter becomes President/Performance Coatings Group, and Robert F. Lynch becomes President/Consumer Brands Group, all effective 03/01/19. $SHW PR link.

WestRock(PBR192) President/Consumer Packaging Bob Feeser to retire on 04/30/19, Patrick (Pat) Lindner hired as successor. $WRK PR link.

Avis Budget(PBR321) hires John F. North III as CFO, effective 03/18/19, succeeds interim CFO Martyn Smith who will serve in transitional and advisory role for at least 6 months. $CAR PR link.

Woodward(PBR848) hires Tom Cromwell for newly created position of Vice Chairman and COO. $WWD PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary February 2019 Housing Market Composite Index is at 62, January 2019 was at 58, December 2018 56, February 2018 71. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment … In the aftermath of the fall slowdown, many builders are reporting positive expectations for the spring selling season.” NAHB/WF PR link.

***Monday, February 18:

***US Stock Exchanges Closed.
***US Federal Holiday
***Washington’s Birthday Observed.

The PBR1000 January 2019 Snapshots have been released, 15 snapshots with 26 rankings, 200+ fields of data and analytics per company, in MS-Excel format. Get your subscription today! The PBR1000 Subscribe link.

Navient(PBR962) rejects a highly conditional unsolicited “expression of interest” from Canyon Capital Advisors and Platinum Equity Advisorto acquire Navient for $12.50/share cash, a 6.6% premium on the 02/15/19 closing price. $NAVI PR link.

Caterpillar(PBR60) announces changes in responsibilities for three Executive Office members, new roles for two current VPs and the appointment of two new VPs, all effective 03/01/19. $CAT PR link.

Quest Diagnostics(PBR359) hires Gabrielle Wolfson as SVP & Chief Information and Digital Officer. $DGX PR link.

***Friday, February 15:

The PBRMarketTools US Stock Exchanges Recap for Week 7 ending 02/15/19:

DJIA ends the week at 25,883.25, +3.09% from last Friday, +3.53% MTD, +10.96% QTD/YTD, -3.52% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,472.41, +2.39% from last Friday, +2.62% MTD, +12.62% QTD/YTD, -7.86% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,775.60, +2.50% from last Friday, +2.64% MTD, +10.72% QTD/YTD, -5.29% from record 2,930.75 set 09/20/18.

The Week 7 US Stock Exchanges Recap:
Monday was a low volume tepid mixed day. The Stock Market Bull must have realized that The Stock Market Bear was in hibernation and took a big stand on Tuesday and came back on Wednesday for another positive day. The Stock Market Bear made his presence known on Thursday for a mixed day, but The Stock Market Bull chased him back to his cave in a big way on Friday, and easily wins Week 7 3-0 to keep his unbeaten streak alive for 2019.

The Week 7 YTD tally is:
The Stock Market Bull: 6 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 1 week

The Week 7 News Summary: At the beginning of the week there were concerns about whether or not the US/China trade discussions could make progress, but those fears seemed to dissipate during the week. A second US federal government shutdown was also an issue early in the week, but a bipartisan agreement was made and President Trump reluctantly signed it as well as an Executive Order for a national emergency to help build the wall he feels is necessary to protect the country. Economic news was okay, a little mixed, with the monthly retail trade report being disappointing, but job openings at very high levels. Corporate earnings were also somewhat mixed.

Marriott Intl(PBR119)’s Renaissance Hotelsbrand opens first location in Mexico, the Renaissance Cancún Resort & Marina, 180 guestrooms, including 11 suites, all with ocean, marina or golf course views. $MAR PR link.

Eli Lilly(PBR120) completes $235.00/share, $8.0 billion cash acquisition of biopharmaceutical developer and commercializer of highly selective medicines for patients with genomically defined cancers Loxo Oncology(NASDAQ: LOXO)$LLY PR link.

General Mills(PBR179) in restructuring decides to close Carson, CA, yogurt manufacturing facility, to incur around $130 net expenses through 2021 as a result. $GIS PR link.

Cognizant(PBR194) resolves issue relating to payments for permits and licenses for certain real estate facilities in India in violation of the US Foreign Corrupt Practices Act (“FCPA”) and other applicable laws, resolves all of the US Dept of Justice and US Securities and Exchange Commission investigations for Cognizant concerning this matter, will pay $28 million fine. $CTSH PR link.

Coty(PBR305) forms special committee of independent Board members to evaluate partial tender offer for up to 150 million Class A shares at $11.65/share, a premium of approximately 38% to the 90-day volume-weighted average share price as of 02/11/19, from JAB Cosmetics NV$COTY PR link.

Mattel(PBR515) announces a slate Of 22 television shows for multi-platform distribution. $MAT PR link.

Toro(PBR768) to acquire privately-held Oklahoma based The Charles Machine Works, parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million cash, to close by 07/31/19. $TTC PR link.

CommScope(PBR533) on track for $31.75/share, around $7.4 billion cash, includes repayment of debt, acquisition of ARRIS Intl(PBR408) in 1H19, ARRIS CEO Bruce McClelland to become CommScope COO, current CommScope COO Morgan Kurk to become Chief Technology Officer. $COMM PR link.

PolyOne(PBR677) promotes Robert Bindner to President/Performance Products & Solutions, succeeds departing Don Wiseman. $POL PR link.

The US Dept of Labor says US Preliminary January 2019 Import Prices were -0.5%, -1.7% Year-to-Year, Export Prices were -0.6%, -0.2% Year-to-YearUSDOC PR link.

The US Federal Reserve says US Preliminary January 2019 Industrial Production % of Capacity was at 78.2%, December 2018 was at 78.8%, November 2018 78.9%, January 201877.0%. USFed PR link.

The Federal Reserve Bank of New York says the Empire State February 2019 Manufacturing General Business Index is at +8.8, January 2019 was at +3.9, December 2018 +11.5, February 2018 +16.4. “Business activity grew modestly in New York State … indexes assessing the six-month outlook improved noticeably, suggesting firms were fairly optimistic about future conditions.” NYFed PR link.

The U of Michigan US Preliminary February 2019 Consumer Sentiment Index is at 95.5, January 2019 was at 91.2, December 201898.3, February 2018 99.7. “The early February gains reflect the end of the partial government shutdown as well as a more fundamental shift in consumer expectations due to the Fed’s pause in raising interest rates…” UMichigan PR link.

***Thursday, February 14:

Walmart(PBR1) startup Spatial& partners with DreamWorks Animation to present a virtual reality activation offering tied to the upcoming theatrical release of How to Train Your Dragon: The Hidden World$WMT PR link.

Amazon(PBR8) decides not to move forward with plans to build a headquarters in Long Island City, Queens, NY, says a number of state and local politicians are opposed. $AMZN PR link.

GE(PBR19 $GE) to shrink its Boston footprint, give back $87 million in incentives.MarketWatch PR link.

JPMorgan Chase(PBR26) launches its cryptocurrency JPM Coin, will run on a private enterprise blockchain, to service institutional clients in the settlement of funds, still in the prototype phase but will be rolled out to some institutional clients in a pilot program later in 2019. $JPM PR link.

Boston Properties(PBR774) says Alphabet(PBR21)’s Google unit signed a 15-year lease agreement for the ground-up redevelopment of Boston Properties’ 325 Main Street building in Kendall Center, Cambridge, MA, occupy 362,000 sf, brings Google’s total leased space from Boston Properties to more than 800,000 square feet in Cambridge. $BXP PR link.

GoDaddy(PBR841) hires Fara Howard as Chief Marketing Officer, promotes Andrew Low Ah Kee to COO, Chief Information Officer Arne Josefsberg retiring effective 06/30/19, will unify that function under Chief Technology Officer Charles Beadnall, Chief Product Officer Steven Aldrich leaving, search for successor started. $GDDY PR link.

The US Dept of Labor says US Preliminary January 2019 Final Demand Producer Price Index is at -0.1%, with Goods at -0.8%, Services +0.3%, Last 12 Months Final Demand is +2.5%, for December 2018 it was at +2.8%, November 2018 +2.8%, January 2018+2.5%. USDOL PR link.

The US Dept of Commerce/Census says that US Preliminary November 2018 Manufacturer Sales were at $505.1 billion, Retail Sales$452.0 billion, Wholesaler Sales $505.3 billion, Total Sales $1,462.5 billion, -0.3% from October 2018, +4.2% from November 2017USDOC PR link.

The US Dept of Commerce says US Advance December 2018 Retail Sales were $446.0 billion, Food Services & Drinking Places $59.8 billion, Total $505.8 billion, -1.3% from November 2018, +2.3% from December 2017USDOC PR link.

***Wednesday, February 13:

The January 2019 Snapshot 15 Summary:
The PBR1000 Top 5 by Market Capitalization
(Rank, Company, PBR Ranking by Revenues, Stock Symbol, Market Capitalization in billions):

1. Amazon(PBR8 $AMZN), $840B
2. Microsoft(PBR22 $MSFT), $801B
3. Apple(PBR2 $AAPL), $785B
4. Alphabet(PBR21 $GOOG), $776B
5. Berkshire Hathaway(PBR4 $BRK.B), $508B

Range: $840 billion to $0.03 billion
The PBR1000 Total: $25.787 trillion, +9.18% from 12/31/18, -0.32% from 12/29/17
Average: $25.787 billion
Median: $7.50 billion

To get all 15 Snapshots and 27 rankings on The PBR1000 go to the Subscribe page.

Ford(PBR11) issues safety recall on select 2011-13 Ford F-150 vehicles with 6-speed automatic transmission that may experience an intermittent loss of the transmission output speed sensor signal to the powertrain control module, potentially resulting in a temporary, unintended downshift into first gear, affects 1.48 million vehicles in US/Canada, aware of five reports of accidents, including one report of “whiplash” potentially related to this condition. $F PR link.

Alphabet(PBR21)’s Google unit to invest over $13 billion in 2019 in data centers and offices across the US, with major expansions in 14 states. $GOOG PR link.

Johnson & Johnson(PBR35) to acquire privately held developer of robotic technologies Auris Health for approximately $3.4 billion cash with additional contingent payments of up to $2.35 billion payable upon reaching certain predetermined milestones. $JNJ PR link.

Cisco(PBR57) authorizes $15 billion increase in share repurchase program, balance available is now around $24 billion. $CSCO PR link.

DISH(PBR198) says it ended 2018 with 12.322 million subscribers, 9.905 million for DISH TV, 2.417 million for Sling TV, net loss of 920,000 from 2017. $DISH PR link.

Arconic(PBR220) to invest around $100 million to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminum products in its Tennessee Operations facility near Knoxville, TN, will create 70 jobs, to be completed by 4Q20. $ARNC PR link.

Pentair(PBR511) completes $160 million cash acquisition of Chicago, IL area based 170 employees water conditioners, water filters, drinking-water purifiers, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry provider Aquion$PNR PR link.

Ametek(PBR559) authorizes additional $500 million for share repurchase program, balance available is $501 million. $AME PR link.

Skechers(PBR571) surpasses 3,000 Skechers retail stores worldwide with the opening of a 32,000+ sf superstore in Shenyang, China – now the brand’s largest, has stores on 6 continents. $SKX PR link.

Global Payments(PBR660) completes $1.2 billion cash/stock acquisition of the communities and sports divisions cloud-based payment technology solutions for event planners provider ACTIVE Network from Vista Equity Partners$GPN PR link.

Louisiana-Pacific Corp(PBR748) authorizes new $600 million share repurchase program, including the intent to initially enter into a $400 million accelerated share repurchase program, will have $638 million available with $38 million carryover from previous authorization. $LPX PR link.

Sinclair Broadcast(PBR749) and the Chicago Cubs forming joint venture, will own/operate Marquee Sports Network, a Chicago, IL-based regional sports network, will be the Chicago-region’s exclusive network to view live Cubs games beginning with the 2020 Major League Baseball season. $SBGI PR link.

GNC(PBR800) $300 million investment by Harbin Pharmaceutical Group(Hayao) is completed, forms Hong Kong-based China e-commerce joint venture with Hayao. $GNC PR link.

Portland General Electric(PBR870) and NRG Energy(PBR269) subsidiary to develop nation’s first major energy facility co-locating wind, solar and battery storage, new energy facility in Eastern Oregon combining 300 megawatts of wind generation with 50 megawatts of solar generation and 30 megawatts of battery storage. $POR PR link.

Charles River Labs(PBR893) to acquire Europe based with operations in N Americanon-clinical contract research organization, specializing in regulated safety assessment services, non-regulated discovery services, and medical device testing, Citoxlab for around $510 million, to close 2Q19. $CRL PR link.

Wendy’s(PBR984) enters into Settlement Agreement with financial institutions related to the criminal cyberattacks which targeted the point of sale systems of certain Wendy’s franchisees in 2015 and 2016, will pay $50 million in late 2019 if approved by the court. $WEN PR link.

T Rowe Price(PBR520) Chairman Brian Rogers retiring from Board on 04/25/19 at annual meeting, CEO William Stromberg to assume Chairman role; approves 10 million share increase for common stock repurchase authorization, total repurchase authorization now nearly 22.4 million shares. $TROW PR link.

Alliant Energy(PBR653) Chairman/CEO Patricia Kampling to retire, effective 07/01/19, President/COO John O. Larsen to be successor as Chairman/President/CEO. $LNT PR link.

MasterCard(PBR232) CFO Martina Hund-Mejean to retire in 2019, has been CFO for 11 years, Sachin Mehra to be successor, effective 04/01/19. $MA PR link.

Thor Industries(PBR336) promotes Troy James to SVP/International Operations. $THO PR link.

Encompass Health(PBR586) Chief Human Relations Officer Cheryl Levy to retire after 12 years, effective 03/31/19, starts internal/external search. $EHC PR link.

The US Dept of Labor says the US Preliminary January 2019 Employee Current Average Earnings/Hour is at $27.56, Average Workweek Hours at 34.5, for Average Current Weekly Earnings of $950.82, +0.1% from December 2018, +3.5% from January 2018USDOL PR link.

The US Dept of Labor says the US January 2019 Consumer Price Index(CPI) was 0.0%, December 2018 was -0.1%, November 20180.0%, Last 12 Months 1.6%. USDOL PR link.

The US Dept of Treasury says US December 2018 Federal Government Receipts were $312.6 billion, Outlays $326.1 billion, Deficit$13.5 billion, December 2018 Receipts YTD(3 Months) were at $771.2 billion, YTD Outlays$1,090.2 billion, YTD Deficit $318.9 billion, December 2017 YTD Deficit was $225.0 billion. USTreasury PR link.

***Tuesday, February 12:

January 2019 Snapshot 13 Summary: The PBR1000 Top 5 Stock Performers since 12/29/17(13 months) (Rank, Company, PBR Ranking by Revenues, Stock Symbol, 01/31/19 Stock Price, % Increase from 12/29/17):

1. BlueLinx(PBR896 $BXC), $29.15, +199%
2. AMC(PBR489 $AMD), $24.41, +137%
3. Crocs(PBR1000 $CROX), $28.72, +127%
4. Fossil(PBR738 $FOSL, $16.96, +118%
5. Genesis Healthcare(PBR738 $GEN), $1.57, +107%

Range: +199% to -90%
Number of Companies at 0% or Better:398/1,000
Average: -2.18%
Median: -6.65%
DJIA: +1.13%
NASDAQ: +5.48%
SPX: +1.14%

Tomorrow: The PBR1000 January 2019 Top 5 Stocks by Market Capitalization.

American Electric Power(PBR184) to acquire Sempra Energy(PBR259) Renewablessubsidiary and its 724 megawatts (MW) of operating wind generation and battery assets on 7 wind farms in Colorado, Hawaii, Indiana, Kansas, Michigan, Minnesota and Pennsylvania, for approximately $1.056 billion, to close in 2Q19. $AEP PR link.

CBS(PBR214 $CBS) ousted former Chairman/CEO Leslie Moonves, other CBS execs accused of insider trading in advance of sexual-harassment allegations in shareholder suit. MarketWatch PR link.

Dominion Energy(PBR228) to reduce methane emissions from its natural gas infrastructure by 50% over the next decade. $D PR link.

Coty(PBR305) gets 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, will require Coty approval to proceed. $COTY PR link.

Activision Blizzard(PBR389) authorizes new two year up to $1.5 billion share repurchase program. $ATVI PR link.

Arthur J Gallagher(PBR445) acquires Salem, OR-based surety bonds for mortgage brokers, artisan contractors and other industries across the US Surety Solutions, LLC and bond processing software used by Surety Solutions developer Agency Multiplied, terms not disclosed. $AJG PR link.

Simon Property(PBR476) authorizes up to $2 billion stock repurchase program over the next 24 months, replaces current authorization which had $633 million available. $SPG PR link.

Pentair(PBR511) completes $120 million cash acquisition of DeLand, FL-based 79 employees residential whole home water treatment systems provider Pelican Water Systems$PNR PR link.

Edwards Lifesciences(PBR645) to acquire non-invasive monitoring of tissue oxygenation in the brain medical technology company CAS Medical Systems(NASDAQ: CASM) for $2.45/share, around $100 million, to close 2Q19. $EW PR link.

Six Flags(PBR968) to rebrand Buffalo, NY, area Darien Lake to Six Flags Darien LakeHouston, TX, largest waterpark Wet & Wild Splashtown to be rebranded as Six Flags Hurricane Harbor, and Wet & Wild Phoenix, the largest waterpark in Arizona, will be rebranded Six Flags Hurricane Harbor Phoenix$SIX PR link.

Akamai Technologies(PBR788) EVP/CFO Jim Benson to retire effective 03/01/19, SVP/Finance Ed McGowan to be successor. $AKAM PR link.

Cleveland-Cliffs(PBR819) hires Keith A. Koci as EVP/CFO, succeeds departing Timothy K. Flanagan. $CLF PR link.

The US Dept of Labor says US Preliminary December 2018 Job Openings-Private were at 6,707,000, Government 628,000, Total Openings 7,335,000, a new record, +2.4% from November 2018, +29.4% from December 2017USDOL PR link.

The US Dept of Treasury says the Total US Debt on 02/11/19 reached $22.013 trillion, first time over $22 trillion, $16.157 trillion Debt Held by the Public, $5.856 trillion from Intragovernmental HoldingsUSTreasury PR link.

The Federal Reserve Bank of New York says US total household debt increased by $32 billion (0.2%) to $13.54 trillion in the 4Q18, was 18th consecutive quarter with an increase and the total is now $869 billion higher than the previous peak of $12.68 trillion in the 3Q08. Outstanding student loan debt increased to $1.46 trillion from $1.44 trillion. Auto loan originations totaled $584 billion in 2018, the highest year in the 19-year history of the data for auto loan originations. Credit card balancesrose by $26 billion to $870 billion, first time credit card balances re-touched the 2008 nominal peak. NYFed PR link.

CoreLogic reports that the US November 2018 Percent of Mortgages on Homes 30 or More Days Delinquent is at 4.1%, November 2017was at 5.2%, November 2018 Total Percent of Homes In Foreclosure was at 0.4%, November 2017 was at 0.6%. “Solid income growth, a record amount of home equity and an absence of high-risk loan products put the U.S. homeowner on solid ground. All of this has helped push delinquency and foreclosure rates to the lowest levels in almost two decades, and will provide a cushion if the housing market should turn down.” Frank Nothaft, Chief Economist for CoreLogic. CoreLogic PR link.

Retail Industry: Analytics firms Coresight Research and Celect study finds markdowns cost US non-grocery retailers $300 billion in revenues in 2018, 12% of total sales. Celect PR link.

***Monday, February 11:

The January 2019 Snapshot 11 & 12 Summary: The PBR1000 Top 5 Month & YTD Stock Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 01/31/19 Stock Price, % Increase from 12/31/18):

1. Pier 1 Imports, PBR905, $PIR, $0.82, +165%
2. FannieMae, PBR20, $FNMA, $2.54, +140%
3. FreddieMac, PBR37, $FMCC, $2.46, +134%
4. Ferrellgas, PBR862, $FGP, $1.22, +126%
5. YRC Worldwide, PBR514, $YRCW, $6.24, +98%

Range: +165% to -45%
Number of Companies at 0% or Better:936/1,000
Average: +9.33%
Median: +10.88%
DJIA: +7.17%
NASDAQ: +9.74%
SPX: +7.87%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/29/17(13 Months).

Amazon(PBR8) to acquire home mesh WiFi systems provider eero, terms not disclosed. $AMZN PR link.

AT&T(PBR10 $T) to hire 500 full-time employees for a new 70,000 sf call center facility in Mesa, AZPhoenix Business Journal PR link.

Regeneron(PBR13) and Sanofi say that cholestrol medication Praluent® (alirocumab)will be made available at a new reduced US list price of $5,850 annually, a 60% reduction from the original price, for both the 75 mg and 150 mg doses, beginning in early 03/19. $REGN PR link.

Morgan Stanley(PBR61) to acquire global cloud-based software-as-a-service (SaaS) for equity administration, financial reporting and compliance provider with 3,000+ corporate clients Solium Capital(TSX: SUM) for $900 million. $MS PR link.

Ingersoll-Rand(PBR204) to acquire $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) for $1.45 billion, to close mid-2019. $IR PR link.

Bemis(PBR579) $57.75/share, $6.8 billion all stock transaction acquisition by Australia based Amcor Limited (ASX: AMC) gets European Commission approval with some conditions, waiting for US and Brazil approvals, still on track of 2Q19 close. $BMS PR link.

Greif(PBR599) completes $1.8 billion acquisition of N America $1.4 billion in sales paperboard manufacturer Caraustar$GEF PR link.

KKR(PBR673) completes $510 million acquisition of 60% stake in Mumbai, India, based global management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals, as well as renewable energy generation provider Ramky Enviro Engineers Limited$KKR PR link.

FMC(PBR723) to distribute of all of its remaining interest in spin-off Livent Corporation(NYSE: LTHM) to FMC stockholders, payable on 03/01/19. $FMC PR link.

Valmont(PBR744) has acquired $21 million in revenues in 2018, 150 employees, hot-dip zinc galvanizing and CorroCote services provider Houston, TX-based United Galvanizing, terms not disclosed; also starting construction of a new hot-dip zinc galvanizing facility in Midland, PA, to be in service in early 2020, will then have 38 locations worldwide. $VMI PR link.

Bristow Group(PBR958) $560 million acquisition of privately held Aurora, OR based $281 million in revenues in 2018 Columbia Helicopters terminated by mutual agreement, actively considering mutually beneficial opportunities to work together, Bristow pays $20 million termination fee. $BRS PR link.

Colgate-Palmolive(PBR183) President/COO Noel Wallace to become President/CEO and member of the Board, Chairman/CEO Ian Cook to become Executive Chairman, effective 04/02/19. $CL PR link.

C.H. Robinson(PBR193) COO Robert (“Bob”) Biesterfeld named CEO, Chairman/CEO John Wiehoff to remain Chairman, both effective 05/09/19. $CHRW PR link.

Barnes Group(PBR960) SVP & President/Industrial Scott Mayo has stepped down from his positions and will depart after an appropriate transition period. $B PR link.

PG&E(PBR163) provides update on Board refreshment, says it expects that no more than five of the Company’s current directors will stand for election at the 2019 Annual Meeting of Shareholders, intends that a majority of the 11 directors of the Company will be new independent directors by the time of the 2019 Annual Meeting. $PCG PR link.

***Friday, February 8:

The PBRMarketTools US Stock Exchanges Recap for Week 6 ending 02/08/19:

DJIA ends the week at 25,106.33, +0.17% from last Friday, +0.43% MTD, +7.63% QTD/YTD, -6.42% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,298.20, +0.47% from last Friday, +0.23% MTD, +9.99% QTD/YTD, -10.01% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,707.88, +0.05% from last Friday, +0.14% MTD, +8.02% QTD/YTD, -7.60% from record 2,930.75 set 09/20/18.

The Week 6 US Stock Exchanges Recap:
The Stock Market Bull charged out to a nice lead on Monday and Tuesday. But then The Stock Market Bear made an appearance on Wednesday, then took a big chunk out on Thursday. The markets opened down on Fridayand it looked like The Stock Market Bear would prevail for the week, but towards the end of the day The Stock Market Bull returned to scare The Stock Market Bear just enough to snatch Week 6 3-0 and maintain his unbeaten streakfor the year.

The Week 6 YTD tally is:
The Stock Market Bull: 5 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 1 week

The Week 6 News Summary: In the early part of the weeks some major technology earnings reports were better than expected, but the rest of the week it was a mixed bag across all industries. The US federal government is still recovering from the partial shutdown, but started releasing a few new economic reports. There were some private releases as well showing that the US economy is still doing well, but off last year’s pace. President Trump gave his State of the Union Address on Tuesday night to mixed reviews and concerns that another government shutdown is possible starting on 02/15/19. Global growth concerns returned and as the week came to an end it appears that US/China trade negotiations are making progress and optimism expressed, but that there are still a lot of issues to be resolved and agreed upon.

Walmart(PBR1) introduces for its Walmart.comsite a modern aesthetic, MoDRN with three collections – Retro Glam, Refined Industrial and Scandinavian Minimal, features nearly 650 items across every room in the house. $WMT PR link.

Eli Lilly(PBR120) to initiate an exchange offer to divest its 80.2% interest in spin-off Elanco Animal Health (NYSE: ELAN)$LLY PR link.

Arconic(PBR220) in 4Q18 report says it will separate into Engineered Products & Forgingsand Global Rolled Products units, with a spin-off of one of them, will also consider the sale of businesses that do not best fit into either unit, to use $500 million of its share repurchase program in 1H19, authorizes new $500 million share repurchase program, expires 12/31/20. $ARNC PR link.

Chipotle(PBR536) has opened its 2,500th restaurant, located at The Shops at Todos Santos in Concord, CA, plans to open 140-155 new restaurants in 2019. $CMG PR link.

Nexeo Solutions(PBR582) to divest its plastics distribution business (“Nexeo Plastics”) to an affiliate of One Rock Capital Partners for an enterprise value of $640 million, to close in 1H19, prior to NXEO’s acquisition by Univar(PBR340)$NXEO PR link.

Verizon(PBR17) Chairman and former CEO Lowell C. McAdam not standing for re-election at 05/02/19 annual meeting, Board appoints CEO Hans Vestberg to also be Chairman, effective 03/08/19. $VZ PR link.

Schlumberger(PBR91) promotes Olivier Le Peuch to COO. $SLB PR link.

***Thursday, February 7:

Amazon(PBR8 $AMZN) joins Sequoia, T Rowe Price in $530 million Series B funding for self-driving startup AuroraElectrek PR link.

Amazon(PBR8 $AMZN) gets lawsuit by film director Woody Allen seeking over $68 million for cancelled movie projects because of 1992 sexual assault allegations. TechCrunch PR link.

Ford(PBR11) is investing $1 billion in Chicago Assembly and Stamping Plants and adds 500 jobs to expand capacity for the production of all-new Ford Explorer, Police Interceptor Utility and Lincoln Aviator$F PR link.

Walgreens Boots Alliance(PBR16 $WBA) to get FDA letter saying it is biggest violator of tobacco sales to minors. US FDA PR link.

Walgreens Boots Alliance(PBR16) says it has taken a number of steps to address FDA’s statement regarding sales of tobacco products to minors in its stores. $WBA PR link.

Bank of America(PBR25) adds $2.5 billion to $20.0 billion common stock repurchase program, expires 06/30/19. $BAC PR link.

IBM(PBR33 $IBM) to invest over $2 billion to grow its high-tech footprint at the SUNY Polytechnic Institute-Albany and throughout New York State, includes the establishment of an “AI Hardware Center” at SUNY Poly for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation. State of NY PR link.

Philip Morris(PBR34) 4Q18 report says in 2018 it had 740.3 billion cigarette units shipped, -21.6 billion from 2017, had 41.4 billion heated tobacco units shipped, +5.1 billion from 2017. $PM PR link.

Johnson & Johnson(PBR36 $JNJ) will be the first drugmaker to list pill prices in TV ads, will start with popular blood thinner, Xarelto, which retails for $450-$540 per month without insurance. MarketWatch PR link.

Cisco(PBR57) calls for privacy to be considered a fundamental human right, makes some proposals. $CSCO PR link.

T-Mobile(PBR68) has 2.4 million total net additions in Q4 2018, 7.0 million in 2018, has 79.7 million total customers at end of 2018. $TMUS PR link.

Tyson(PBR76) to acquire Thailand and European operations of BRF SA for $340 million, includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom$TSN PR link.

Lear Corp(PBR144) increases share repurchase program to $1.5 billion, had $800 available at end of 2018, expires 12/31/21. $LEA PR link.

Sears(PBR168 $SHLDQ) Chairman Edward Lampert’s $5.2 billion bid for Sears assets gets approval by bankruptcy judge. Chicago Tribune PR link.

CDW(PBR188) authorizes a $1 billion increase in its share repurchase program, which had $336 million available at end of 2018. $CDW PR link.

Henry Schein(PBR234) completes spin-off of the Henry Schein Animal Health business and the subsequent merger with Vets First Choiceto form an independent public company with name Covetrus, to start trading as NASDAQ: CVET on 02/08/19. $HSIC PR link.

BB&T(PBR241) and SunTrust Banks(PBR291 $STI) to combine in merger of equals in an all stock deal valued at around $66 billion, will create 6th largest bank in the US by assets and deposits, to be headquartered in Charlotte, NC, to close 4Q19. $BBT PR link.

Sempra Energy(PBR259) subsidiary completes $328 million sale of its non-utility US natural gas storage facilities to an affiliate of ArcLight Capital Partners$SRE PR link.

Foot Locker(PBR355) subsidiary is making a $100 million strategic minority investment in 1661, Inc., dba GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands (“GOAT Group”). $FL PR link.

Weyerhaeuser(PBR382) authorizes new up to $500 million share repurchase program, replaces previous program which had a $135 million remaining. $WY PR link.

YUM!(PBR461)’s Taco Bell unit offering free delivery for a limited time on orders over $12.00 before tax through expanded nationwide partnership with GrubHub$YUM PR link.

Vistra Energy(PBR481) to acquire Canadabased Crius Energy Trust (TSX: KWH.UN) for $328 million, will make Vistra the leading residential electricity provider in the US with operations in 19 states and the District of Columbia, to close in 2Q19. $VST PR link.

Caesars Entertainment(PBR517)’s Caesars Palace Las Vegas to be home to a Bleacher Report branded studio originating from inside its legendary sports book in deal with Turner Sports, which has 250 million fans each month across Facebook, Instagram and Twitter alone.$CZR PR link.

Kansas City Southern(PBR778) hires Sameh Fahmy as EVP/Precision Scheduled Railroading. $KSU PR link.

Barnes Group(PBR960) appoints Patrick Hurley, PhD, to SVP/Chief Technology Officer. $B PR link.

The US Federal Reserve says US Preliminary December 2018 Total Consumer Credit Outstanding-Revolving was at $1.045 trillion, Non-Revolving $2.966 trillion, Total $4.010 trillion, +0.4% from November 2018, +4.7% YTD(12 months), first time over $4 trillion. USFed PR link.

The FannieMae(PBR20) US January 2019 Home Purchase Sentiment Index is at 84.7, December 2018 was 83.5, November 201886.2, January 2018 89.5. “The net share of Americans who say it is a good time to buy a home increased 4 percentage points from last month to 15%. This component is down 12 percentage points from the same time last year.” $FNMA PR link.

***Wednesday, February 6:

Kroger(PBR18) and Home Chef bringing retail weekly rotating meal meal kits to 500 additional Kroger stores across the US, and homechef.com has launched a customizable meal kit feature for online orders. $KR PR link.

Lowe’s(PBR39) to host National Hiring Day, to hire 50,000+ full-time, part-time, and seasonal store associates for its 1,700+ US stores. $LOW PR link.

Cisco(PBR58) completes $660 million cash acquisition of privately held Carlsbad, CA-based specialty semiconductor products manufacturer Luxtera$CSCO PR link.

Dollar Tree(PBR124) plans new distribution center in Rosenberg, Fort Bend County, TX, plans to invest approximately $130 million, will create 300+ new jobs. $DLTR PR link.

JCPenney(PBR231) to discontinue selling major appliances effective 02/28/19, additionally, furniture will only be available at jcp.com and select Puerto Rico stores, mattresses continue to be available at 450+ stores and jcp.com. $JCP PR link.

Tesla(PBR248) now lists Model 3 starting price at $34,850, includes potential incentives and gas savings. $TSLA PR link.

Perrigo(PBR510) gets US FDA approval for Zovirax® Cream, 5% (acyclovir cream, 5%)developed in collaboration with Sol-Gel Technologies Ltd. (NASDAQ: SLGL), anticipates launching the product this month. $PRGO PR link.

Rush Enterprises(PBR525) subsidiary to enter into a new 50/50 joint venture with Tallman Group, the largest International Truck dealer in Canada with around $485 million in sales in 2018, will be named Rush Truck Centres of Canada Limited, to close on 02/25/19. $RUSHB PR link.

The New York Times(PBR927) has 265,000 net new digital subscription adds in 4Q18, ends 2018 with 3.4 million digital subscribers, 4.3 million total subscribers. $NYT PR link.

Cognizant(PBR194) hires Brian Humphries as CEO, effective 04/01/19, current CEO/Co-Founder Francisco D’Souza to become full-time Vice Executive Chairman until 06/30/19, will then remain on the Board. $CTSH PR link.

Arconic(PBR220) Chairman John Plant adds CEO role, succeeds Chip Blankenship, to serve as CEO for 1 year, Director Elmer Doty to serve as COO, Director Arthur Collins to serve as Lead Director, all effective immediately. $ARNC PR link.

Wells Fargo(PBR27) hires Julie Scammahorn as its Chief Auditor, to be effective in 04/19. $WFC PR link.

SAIC(PBR539) names Nathan Rogers as Chief Information Officer, succeeds retiring Bob Fecteau. $SAIC PR link.

The US Dept of Labor says US Revised 3Q18 Labor Productivity/Hour-All Persons was +1.8%, Output +3.9%, Hours Worked +2.1%, Real Compensation/Hour +0.9%. USDOL PR link.

The US Dept of Commerce says US November 2018 Total Goods Exported were $140.3 billion, Services $69.5 billion, Total Exports $209.8 billion; Total Goods Imported were $211.9 billion, Services $47.3 billion, Total Imports$259.2 billion, Total Deficit $49.4 billion, Total Deficit YTD(11 months) $552.3 billion, Total Deficit YTD 2017(11 months) $500.1 billion. USDOC PR link.

FreddieMac(PBR37) Insight reports that “… seniors born after 1931 are staying in their homes longer, and aging in place, resulting is higher homeownership rates for this group relative to previous cohorts. We estimate that this trend accounts for about 1.6 million houses held back from the market through 2018, representing about one year’s typical supply of new construction, or more than half of the current shortfall of 2.5 million housing units estimated in December’s Insight.” $FMCC PR link.

***Monday, February 4:

General Motors(PBR12 $GM) begins ‘vast majority’ of roughly 4,000 white-collar job cuts. Automotive News PR link.

GE(PBR19) to spin-off its Transportation Systems Holdings Inc on 02/14/19, will hold a portion of GE Transportation business unit which will merge with a Wabtec(PBR595)subsidiary. $GE PR link.

Tesla(PBR248 $TSLA) to acquire developer and manufacturer of ultracapacitors applied to the manufacturing of batteries Maxwell Technologies(NASDAQ: MXWL) for $4.75/share in all stock deal, 55% premium over 02/01/19 stock price close, deal valued at around $218 million, to close in 2Q19. Maxwell Technologies PR link.

NRG Energy(PBR269) completes $1 billion sale of its South Central business to Cleco Corporate Holdings$NRG PR link.

Element Solutions(PBR607) to repurchase 37 million shares from Pershing Square Capital Management at a price of $11.72 per share. $ESI PR link.

Gannett(PBR688) board unanimously rejects MNG Enterprises‘ unsolicited $12/share cash, around $1.4 billion, proposal, says undervalues Gannett and is not in the best interests of Gannett and its shareholders, does not believe MNG’s proposal is credible. $GCI PR link.

Genesco(PBR720) completes $101 million cash sale of its Lids Sports Group headwear unit to FanzzLids Holdings, a holding company of affiliates of Ames Watson Capital$GCO PR link.

Fred’s(PBR903) appoints CFO/interim CEO Joseph Anto as CEO, Ritwik Chatterjee as CFO, Nathaniel Klein as COO and Michael Ladd as Chief Stores Officer. $FRED PR link.

Chevron(PBR13) promotes Pierre Breber to VP/CFO, effective 04/01/19, succeeds Patricia Yarrington who is retiring after 38 years with the company; Mark Nelson will succeed Breber as EVP/Downstream and Chemicals, Colin Parfitt will become VP/Midstream, both effective 03/01/19. $CVX PR link.

Performance Food(PBR157) promotes SVP Craig Hoskins to corporate EVP and President/CEO of Foodservices segment. $PFGC PR link.

Newmont Mining(PBR374) hires Rob Atkinson as EVP/COO, effective 06/01/19, current President/COO Tom Palmer to remain President until he succeeds Gary Goldberg to become President/CEO. $NEM PR link.

Symantec(PBR519) hires Debora B. Tomlin as Chief Marketing Officer, effective 02/22/19. $SYMC PR link.

Kemper(PBR752) hires Kimberly A. Holmes as SVP/Chief Actuary and Strategic Analytics Officer. $KMPR PR link.

Pier 1 Imports(PBR905) hires Lance Wills as EVP/Chief Information Officer. $PIR PR link.

The US Dept of Commerce/Census says US Preliminary November 2018 Manufacturers New Orders-Durable Goods were at $250.8 billion, Non-Durable Goods $248.4 billion, Total$499.2 billion, -0.6% from October 2018, +4.1% from November 2017USDOL PR link.

TD Ameritrade(PBR480)’s January 2019 Investor Movement Index falls to 4.28, a 6 year low. $AMTD PR link.

***Friday, February 1:

The PBRMarketTools US Stock Exchanges Recap for Week 5 ending 02/01/19:

DJIA ends the week at 25,063.89, +1.32% from last Friday, +0.26% MTD, +7.44% QTD/YTD, -6.58% from record 26,743.50 set 09/21/18.

NASDAQ ends the week at 7,263.87, +1.38% from last Friday, -0.25% MTD, +9.47% QTD/YTD, -10.43% from record 8,109.69 set 08/29/18.

SPX ends the week at 2,706.53, +1.57% from last Friday, +0.09% MTD, +7.97% QTD/YTD, -7.65% from record 2,930.75 set 09/20/18.

The Week 5 US Stock Exchanges Recap:
Monday was the only big day for The Stock Market Bear. The rest of the week pretty much belonged to The Stock Market Bull, who takes Week 5 3-0 and who keeps his unbeaten streak perfect so far for 2019.

The Week 5 YTD tally is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 0 weeks
Mixed Results: 1 week

The Week 5 News Summary: The US Federal Government partial shutdown ended, perhaps only for a few weeks while negotiations start up to meet the February 15 deadline. There were some strong corporate earnings reports from key companies. Private economic data showed a strong economy, as did the government economic data that was released. The jobs reports were particularly impressive. The Federal Open Market Committee kept short term federal funds rates at 2.25-2.50%, and seemed rather dovish regarding any further increases at least until June. US/China trade discussions seemed to be making good progress.

Archer-Daniels-Midland(PBR47) completes around $1.8 billion acquisition of France based global provider of value-added animal nutrition solutions Neovia$ADM PR link.

HCA(PBR59) completes $1.5 billion acquisition of six-hospital system in Asheville and western North Carolina Mission Health$HCA PR link.

3M(PBR87) completes total enterprise value of $1.0 billion acquisition of $200 million in revenues/year healthcare technology of cloud-based, conversational Artificial Intelligence (AI)-powered systems that help physicians efficiently capture and improve the patient narrative business of M*Modal, does not include other M*Modal business units.$MMM PR link.

HollyFrontier(PBR202) completes $655 million acquisition of global white oils, petrolatums and waxes supplier Sonneborn US Holdings and Sonneborn Coӧperatief UA$HFC PR link.

CenterPoint Energy(PBR296) completes $72/share, $6 billion acquisition of Vectren(PBR756)$CNP PR link.

Steel Dynamics(PBR301) to acquire 75% majority stake with option to buy remaining 25% in the future Austin, TX-based painted Galvalume® flat roll steel used for roofing and siding applications distributor United Steel Supply for $134 million. $STLD PR link.

Chesapeake Energy(PBR302) completes $3.977 billion cash and stock acquisition of WildHorse Resource Development Corporation (NYSE:WRD), an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in SE Texas$CHK PR link.

Thor Industries(PBR336) completes modified $2 billion acquisition of Germany based 7,300 employees $2.9 billion in revenues privately held international company Erwin Hymer Group, excludes EHG’s N American businesses, creates world’s largest RV manufacturer. $THO PR link.

ARRIS Intl(PBR408) shareholders approve $31.75/share, around $7.4 billion cash, includes repayment of debt, acquisition by CommScope(PBR533), to close 1H19. $ARRS PR link.

BGC Partners(PBR668) completes acquisition of Ed Broking Group Ltd, an independent Lloyd’s of London insurance broker with a strong reputation across Accident and Health, Aerospace, Cargo, Energy, Financial and Political Risks, Marine, Professional and Executive Risk, Property and Casualty, Specialty and Reinsurance. $BGCP PR link.

Performance Food(PBR157) Chairman Douglas M. Steenland has resigned, President/CEO George Holm elected to also be Chairman, Manuel A. Fernandez appointed Lead Independent Director. $PFGC PR link.

Roper Technologies(PBR531) hires Satish Maripuri as Group VP responsible for providing corporate leadership for several of its software businesses; separately, EVP Paul Soni is retiring. $ROP PR link.

The US Dept of Labor says US January 2019 Total Civilian Noninstutional Population is at 258,239,000, Total Employed is at 156,694,000, Total Unemployed is at 6,535,000, for an Unemployment Rate of 4.0%, December 2018 was at 3.9%, November 2018 3.7%, January 2018 4.1%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary November 2018 Total Construction Spending Annual Rate-Residential at $548.4 billion, Commercial$751.5 billion, Total 1.300 trillion, +0.8% from October 2018, +3.8% from November 2017USDOC PR link.

The US Dept of Commerce/Census says US Preliminary November 2018 Wholesale Sales Annual Rate-Durable Goods was at $245.5 billion, Non-Durable Goods $259.8 billion, Total$505.3 billion, -0.6% from October 2018, +4.0% from November 2017USDOC PR link.

The Institute for Supply Management says US January 2019 Manufacturing PMI Index(>50%=economy expanding) is at 56.6%, December 2018 was at 54.1%, November 201859.3%, January 2018 59.1%. ISM PR link.

The IHS Markit US January 2019 Manufacturing PMI Index is at 54.9, December 2018 was at 53.8, November 2018 55.3, January 2018 55.5. “… signalled a strong and faster improvement in the overall health of the sector …” IHS Markit PR link.

Automotive News says US January 2019 Total Light Vehicle Units Sold was estimated at 1,146,972, -1.1% from January 2018, Average Transaction Price was at $34,274, +1.9% from January 2018, Seasonally Adjusted Annual New Sales Rate at 16,900,000 light vehicles. Automotive News PR link.

The U of Michigan Final January 2019 Consumer Sentiment Index is at 91.2, December 2018 was at 98.3, November 201897.5, January 2018 95.7. UMichigan PR link.

***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.

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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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