The Week 52 of 2021 US Stock Market News Recap

The Week 52 of 2021 US Stock Market News Recap

Stock Market Bull Bear Stocks Investing

The Stock Market Bull only gets a 2-1 mixed win for Week 52, but he easily wins December and all of 2021 big time.

By Larry C. Paxton

The US Stock Market Week 52 Summary:

On Monday of Week 52, the last week of 2021, The Stock Market Bull had a big day in the pasture, a continuation of Week 51, taking all 3 major US stock indices, including a record close on the S&P500, without any resistance. On Tuesday he took the DJIA, but The Stock Market Bear wasn’t going away for the week as he took both the NASDAQ and S&P500 by small margins. The Stock Market Bull came back on Wednesday to establish new record closes on the DJIA and S&P500, but The Stock Market Bear was still ripping away at the NASDAQ. While The Stock Market Bull was preparing for his Happy New Year celebration he let The Stock Market Bear take Thursday and Friday by slim margins, resulting in the inadvertent loss of the NASDAQ for the week. The Stock Market Bull gets a mixed 2-1 win in Week 52 but needs to be congratulated for being the clear victor with an outstanding 2021. Of course, now the stage is set for 2022, expectations are all over the place as the pundits make their projections and predictions. Happy New Year to all!

 

US Stock Market Indices Summary

Week 52 of 2021 Ending 12/31/21

DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(09/30/21 33,843.92 14,448.58 4,307.54
Previous Month Close(11/30/21) 34,483.72 15,537.69 4,567.00
Record Close Date 12/29/21 11/19/21 12/29/21
Record Close 36,488.63 16,057.44 4,793.06
Week 51-Friday & Close(12/24/21, Holiday) 35,950.56 15,653.37 4,725.79
Week 52-Monday(12/27/21) 36,302.38 15,871.26 4,791.19
    Day Change 351.82 217.89 65.40
    Day % Change 0.98% 1.39% 1.38%
Week 52-Tuesday(12/28/21) 36,398.21 15,781.72 4,786.35
    Day Change 95.83 (89.54) (4.84)
    Day % Change 0.26% -0.56% -0.10%
Week 52-Wednesday(12/29/21) 36,488.63 15,766.22 4,793.06
    Day Change 90.42 (15.50) 6.71
    Day % Change 0.25% -0.10% 0.14%
Week 52-Thursday(12/30/21) 36,398.08 15,741.56 4,778.73
    Day Change (90.55) (24.66) (14.33)
    Day % Change -0.25% -0.16% -0.30%
Week 52-Friday & Close(12/31/21) 36,338.30 15,644.97 4,766.18
    Day Change (59.78) (96.59) (12.55)
    Day % Change -0.16% -0.61% -0.26%
Change-Week 387.74 -8.40 40.39
% Change-Week 1.08% -0.05% 0.85%
Change-Month-to-Date 1,854.58 107.28 199.18
% Change-Month-to-Date 5.38% 0.69% 4.36%
Change-Quarter-to-Date 2,494.38 1,196.39 458.64
% Change-Quarter-to-Date 7.37% 8.28% 10.65%
Change-Year-to-Date 5,731.82 2,756.69 1,010.11
% Change-Year-to-Date 18.73% 21.39% 26.89%
Change-Record (150.33) (412.47) (26.88)
% Change-Record -0.41% -2.57% -0.56%

The Stock Market Bull and Bear Tallies 2021 YTD

Week 52 Winner and Tally  Bull 2-1 Mixed Win
December Winner and Tally Bull 3-0 Win
Weeks Months 2021
The Stock Market Bull 24 7 Won
The Stock Market Bear 18 1 Lost
Mixed Result 10 4
  Totals 52 12

Summary News Items for Week 52:

US Economic News

  • Friday, December 31, 2021

  • The US Dept of the Treasury says on 12/31/21 the US National Debt-Public is at $23.915 trillion, Intragovernmental $6.459 trillion, making the US National Debt Total at $29.474 trillion, 11/30/21 was at $28.908 trillion, 10/29/31 $28.909 trillion, 12/31/20 $27.747, 12/31/19 $23.201 trillion.
  • The US Dept of the Treasury says on 12/31/21 the US 10 Year Treasury Note Yield is at 1.52%, 11/30/21 was at 1.43%, 10/29/21 1.55%, 12/31/20 0.93%, 12/31/19 1.92%.
  • On 12/31/21 the Settlement Price for an Ounce of Gold is at $1,828.60, 11/30/21 was at $1,776.50, 10/29/21 $1,784.40, 12/31/20 $1,895.10, 12/31/19 $1,520.00.
  • At the close on 12/31/21 the US Price for a Euro is at $1.1373, 11/30/21 was at $1.1341, 10/29/21 $1.1560, 12/31/20 $1.2216, 12/31/19 $1.1203.
  • The American Automobile Assn says on 12/31/21 the US Average Price for a Gallon of Regular Gas is at $3.285, 11/30/21 was at $3.390, 10/29/21 $3.401, 12/31/20 $2.253, 12/31/19 $2.583.
  • Thursday, December 30, 2021

  • The US Dept of Labor says for the Week Ending 12/25/21 the US Preliminary Weekly Initial Jobless Claims is at 198,000, 11/20/21 was at 199,000, 10/23/21 281,000, 12/26/20 787,000, 12/21/19 222,000.
  • The US Dept of Commerce/BEA says the Preliminary 3Q21 US Net International Investment Position-Assets is at $34.455 trillion, Liabilities $50.526 trillion, making the 3Q21 US Net International Investment Position Deficit at $16.071 trillion, 2Q21 was at $15.906, 1Q21 $14.301 trillion, 3Q20 $13.767 trillion, 3Q19 $10.935 trillion. “The –$165.1 billion change in the net investment position from the second quarter to the third quarter came from net financial transactions of –$114.0 billion and net other changes in position, such as price and exchange-rate changes, of –$51.1 billion that mostly reflected the depreciation of major foreign currencies against the U.S. dollar that lowered the value of U.S. assets in dollar terms.”
  • FreddieMac says on 12/30/21 the US Weekly 30 Year Fixed Rate Home Mortgage Average is at 3.11% with 0.7 points & fees, 11/24/21 was at 3.10%, 10/28/21 3.14%, 12/31/20 2.67%, 12/26/19 3.74%. “Mortgage rates have effectively been moving sideways despite the increase in new COVID cases. This is because incoming economic data suggests that the economy remains on firm ground, particularly cyclical industries like manufacturing and housing. Moreover, low interest rates and high asset valuations continue to drive consumer spending. While we do expect rates to rise, the push of the first-time homebuyer demographic that’s been propelling the purchase market will continue in 2022 and beyond.”
  • MNI Indicators says the December 2021 Chicago Business Barometer(>50 Economy is gaining) is at 63.1, November was at 61.8, October 68.4, December 2020 58.7, December 2019 48.9.
  • Wednesday, December 29, 2021

  • The US Energy Information Administration says that on 12/24/21 US Crude Oil Inventories-Millions of Barrels is at 420.0, 11/19/21 was at 434.0, 10/22/21 430.8, 12/25/20 493.5, 12/20/19 441.4.
  • Tuesday, December 28, 2021

  • The S&P CoreLogic Case-Shiller Preliminary October 2021 US National Home Price Index(01/2000=100) is at 273.76, +19.1% from October 2020, September was at 271.49, August 268.89, October 2020 229.90, October 2019 212.10.
  • The US Federal Reserve Bank of Richmond says the Preliminary December 2021 US 5th District Manufacturing Index(Annualized) is at +16%, November was at +12%, October was also at +12%, December 2020 +19%, December 2019 -5%.
  • The US Federal Reserve Bank of Richmond says the Preliminary December 2021 US 5th District Service Sector Revenues Index(Annualized) is at +12%, November was at +12%, October +9%, December 2020 -9%, December 2019 +17%.
  • Monday, December 27, 2021

  • ***No economic news items scheduled.

US Government/Other News

  • US President Biden and Russian President Putin have a telephone conversation on Wednesday to discuss Ukraine. Biden pushes for de-escalation of Russian military forces on the border, threatens severe sanctions if Russia attacks Ukraine. Putin warns of a complete rupture in relations if sanctions proceed.
  • Airlines continue to struggle with COVID and staff shortage issues, cancel thousands of flights over the holidays.
  • The Omnicron COVID19 variant cases increase worldwide, reach a new daily record in the US with nearly 500,000 positive tests on Wednesday. The CDC recommends avoiding cruises because of outbreaks across several cruise lines.
  • Wildfires near Denver, Colorado, destroy hundreds of homes and businesses, leave thousands stranded.
  • Notable deaths this week: Harry Reid, 82former US Senator representing Nevada, and US Senate Majority Leader from 2007 to 2017; John Madden, 85, head football coach of the Oakland Raiders for 10 years and winning coach in Super Bowl XI, who then became a popular football sportscaster who also had a widely used video game named after him; Betty White, 99, an American actress over eight decades who became a beloved pioneer TV sitcom comedienne.

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The Week 32 of 2021 US Stock Market  News Recap

The Week 32 of 2021 US Stock Market  News Recap

stocks stock market bull bear PBR1000

In Week 32 of 2021 The Stock Market Bull gets a mixed 2-1 result because The Stock Market Bear did just enough to take the NASDAQ.

By Larry C. Paxton

US Stock Market Indices Summary

Week 32 of 2021 Ending 08/13/21

DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(06/30/21 34,502.51 14,503.95 4,297.50
Previous Month Close(7/30/21) 34,935.47 14,672.68 4,395.26
Record Close Date 08/13/21 08/05/21 08/13/21
Record Close 35,515.38 14,895.12 4,468.00
Week 31-Friday & Close 35,208.51 14,835.76 4,436.52
Week 32-Monday 35,101.85 14,860.18 4,432.35
    Day % Change -0.30% 0.16% -0.09%
Week 32-Tuesday 35,264.67 14,788.09 4,436.75
    Day % Change 0.46% -0.49% 0.10%
Week 32-Wednesday 35,484.97 14,765.14 4,447.70
    Day % Change 0.62% -0.16% 0.25%
Week 32-Thursday 35,499.85 14,816.26 4,460.83
    Day % Change 0.04% 0.35% 0.30%
Week 32-Friday & Close 35,515.38 14,822.90 4,468.00
    Day % Change 0.04% 0.04% 0.16%
Percent Change-Week 0.87% -0.09% 0.71%
Percent Change-Month-to-Date 1.66% 1.02% 1.65%
Percent Change-Quarter-to-Date 2.94% 2.20% 3.97%
Percent Change-Year-to-Date 16.04% 15.01% 18.95%
Percent Change-Record 0.00% -0.48% 0.00%

The Stock Market Bull and Bear Tallies YTD

Week 32 Winner and Tally  Bull 2-1 Mixed Win
July Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 15 4 Winning
The Stock Market Bear 10 0 Losing
Mixed Result 7 3
  Totals 32 7

The US Stock Market Week 32 Summary:

It appears that The Stock Market Bull decided to celebrate his Week 31 victory by taking an extra day off on Monday. The Stock Market Bear took advantage and got a 2-1 mixed result, which could have been a 3-0 if he had spent only a minute or two more on the NASDAQ. On Tuesday The Stock Market Bull returned to the field and the roles were reversed with the Bull establishing new closing records on the DJIA and S&P500, but losing the NASDAQ. The Stock Market Bull repeated this performance on Wednesday. On Thursday The Stock Market Bull chased The Stock Market Bear from the field, and repeated that on Friday, scoring 3-0 wins both days. The DJIA and S&P500 each got 4 consecutive days of records to end the week. But The Stock Market Bear did just enough damage on the NASDAQ on Tuesday and Wednesday leaving The Stock Market Bull with a 2-1 mixed result win for Week 32.

Summary News Items for Week 32:

US Economy

  • Friday, August 13, 2021
  • The US Dept of Labor says the Preliminary July 2021 US Change in Monthly Import Prices Index is at +0.3%, June was at +1.1%, May +1.3%, July 2020 +1.2%, July 2019 +0.0%; the July 2021 Last 12 Months Change in Import Prices is at 10.2%, July 2020 was at -3.3%, July 2019 -1.8%; the July 2021 Month Change Exports is at +1.3%, June +1.2%, May +2.3%, July 2020 +1.0%, July 2019 +0.2%; the July 2021 Last 12 Months Change in Export Prices is at 17.2%, July 2020 was at -3.3%, July 2019 -1.8%.
  • The U of Michigan Preliminary August 2021 Consumer Sentiment Index is at 70.2, July was at 81.2, June 85.5, August 2020 74.1, August 2019 89.8. “… There is little doubt that the pandemic’s resurgence due to the Delta variant has been met with a mixture of reason and emotion. Consumers have correctly reasoned that the economy’s performance will be diminished over the next several months, but the extraordinary surge in negative economic assessments also reflects an emotional response, mainly from dashed hopes that the pandemic would soon end….”
  • Thursday, August 12, 2021
  • The US Dept of Labor says the Preliminary July 2021 US Producer Price Index Total Monthly Final Demand is at +1.0%, June was also at +1.0%, May +0.8%, July 2020 +0.5%, July 2019 +0.3%; The July 2021 US Producer Price Index Total Monthly Final Demand-Last 12 Months is at +7.8%, June +7.3%, May +6.6%, July 2020 -0.3%, July 2019 +1.6%.
  • Wednesday, August 11, 2021
  • The US Dept of the Treasury says the July 2021 US Federal Government Receipts are at $262.0 billion, Outlays $564.1 billion, for a July 2021 Deficit of $302.1 billion, June Deficit was at $174.2 billion, May Deficit $132.0 billion, July 2020 Deficit $63.0 billion, July 2019 $119.7 billion; the July 2021 Fiscal Year Deficit YTD(10 months) is at $2,540.0 billion, July 2020 was at $2,807.3 billion, July 2019 $866.8 billion.
  • The US Dept of Labor says the July 2021 US Consumer Price Index Change-All Items is at +0.5%, June was at +0.9%, May +0.6%, July 2020 +0.5%, July 2019 +0.3%; July 2021 Last 12 Months(Unadjusted) is at +5.4%, June was also at +5.4%, May +5.0%, July 2020 +1.0%, July 2019 +1.8%.
  • The US Dept of Labor says the Preliminary July 2021 US Current Average Earnings/Hour is at $30.54, Average Hours Worked/Week is at 34.8, for July 2021 US Current Average Weekly Earnings of $1,062.79, June was at $1,058.96, May $1,054.79, July 2020 $1,016.20, July 2019 $962.12.
  • Tuesday, August 10, 2021
  • The US Dept of Labor says the Preliminary 2Q21 US Business Sector Labor Productivity Output/Hour-All Persons is at +2.7%, 1Q21 was at +4.2%, 4Q20 -4.2%, 2Q20 +10.2%, 2Q19 +4.3%.
  • CoreLogic says the May 2021 US Home Mortgages 30 or More Days Delinquent is at 4.7%, April was also at 4.7%, March 4.9%, May 2020 7.3%, May 2019 3.6%. “… a recent CoreLogic survey of mortgage holders reports 85% of respondents said they maintained employment through the pandemic, which has helped many homeowners avoid delinquency and prevented a broad-scale mortgage crisis.”
  • Monday, August 9, 2021
  • The US Dept of Labor says the the Preliminary June 2021 US Job Openings-Private is at 9,154,000, Government 919,000, for June 2021 US Total Job Openings at 10,073,000, June was at 9,483,000, May 9,193,000, June 2020 6,112,000, June 2019 7,185,000.
  • FannieMae says the July 2021 US Home Purchase Sentiment Index is at 75.8, June was at 79.7, May 80.0, July 2020 74.2, July 2019 93.7. “… consumers continue to report concerns related to high home prices and a lack of homes for sale.”

US Government/Other

  • Daily counts of 100,000 in the US during the week indicate that COVID-19 pandemic has reached much higher levels, especially with the more aggressive Delta variant.
  • The US government is extending the student loan payments pause through January, 2022.
  • The Taliban has captured some more key cities in Afghanistan as the US nearly completes its pullout.
  • The US Senate passes a $1 trillion bipartisan infrastructure support bill. It now goes to the US House of Representatives for its approval.
  • The US Senate passes a $3.5 trillion budget proposal on a 50-49 party line vote.
  • New York governor Andrew Cuomo resigns his office over sexual harassment charges and the resulting threat of an impeachment, to be effective in 14 days, his successor will be Lt. Governor Kathy Hochul who will become New York’s first female governor.
  • US Corporate earnings reports continue to be mostly positive as the economy continues to recover from the COVID-19 pandemic, but guidance is now changing because of concerns for the Delta variant.

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The Week 25 of 2021 US Stock Market and News Recap

The Week 25 of 2021 US Stock Market and News Recap

Stock Market PBR1000 Snapshots Recap Bull Bear

After his loss in Week 24 The Stock Market Bull rampages back, overwhelms The Stock Market Bear, breaks records, and has a big smile at the end of Week 25 of 2021.

By Larry C. Paxton

US Stock Market Indices Summary

Week 25 of 2021 Ending 06/25/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(05/28/21) 34,529.45 13,748.74 4,204.11
Record Close Date 05/07/21 06/24/21 06/25/21
Record Close 34,777.76 14,369.71 4,280.70
Week 24 Close 33,290.08 14,030.38 4,166.45
Week 25 Close 34,433.84 14,360.39 4,280.70
Percent Change-Week 3.44% 2.35% 2.74%
Percent Change-Month -0.28% 4.45% 1.82%
Percent Change-Quarter 4.40% 8.41% 7.75%
Percent Change-YTD 12.51% 11.42% 13.97%
Percent Change-Record -0.99% -0.06% 0.00%

The Stock Market Bull and Bear Tallies YTD

Week 25 Winner and Tally  Bull 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 11 3 Ahead
The Stock Market Bear 8 0
Mixed Result 6 2
  Totals 25 5

The US Stock Market Week 25 Summary:

The Stock Market Bull had a big day on Monday and pretty much kept the momentum going all week, established 3 new record highs on the NASDAQ and 2 on the S&P500, finishes with a convincing Week 25 3-0 win, redeeming himself somewhat from his loss the previous week to The Stock Market Bear.

Week 25 News Summary:

Coronavirus Pandemic: 

  • As of Friday, 06/25/21, at 3:21PM Eastern US, the John Hopkins University CSSE unit says there are now 180,267,388 confirmed cases globally with 3,905,890 deaths, +60,859 from last week, which is -7,839 from the prior week. For the US it is 33,601,692 confirmed cases and 603,516 deaths, +2,277 from last week, which is +122 from the prior week. The US is closing in on the goal to have at least 70% of the target population have at least 1 shot by July 4th, but vaccination rates have slowed and might result in falling just short. Vaccines are still free through a variety of programs and offered through several government programs and pharmacies. Several states continue to provide incentives to get vaccinated.  More doses are being acquired for distribution to underserved populations worldwide, but there are often logistical issues, concerns about the special conditions required to keep the vaccines viable, and using the vaccines before expiration dates.

US Federal Government:

  • Friday, June 25, 2021
  • VP Harris takes a trip to Texas to make her first official visit to the US/Mexico border to review immigration issues.
  •  Thursday, June 24, 2021
  • US President Biden announces that in negotiations with US Senators that an infrastructure development plan has been agreed to, details to be worked out.
  • The US Federal Housing Finance Agency has extended the COVID-19 Foreclosure and REO Eviction Moratoriums from 06/30/21 to 07/31/21.
  • US House of Representatives Speaker Pelosi announces the formation of a select committee to investigate the January 6 attack on the capital building.

US Economy

  • Friday, June 25, 2021
  • The US Dept of Commerce/BEA says the Preliminary May 2021 US Personal Income Annual Rate is at $20.804 trillion, April 2021 was at $21.219 trillion, March 2021 $24.421 trillion, May 2020 $20.246 trillion.
  • The US Federal Reserve Board announces it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to 07/30/21.
  • The U of Michigan Final June 2021 Consumer Sentiment Index is at 85.5, May 2021 was at 82.9, April 2021 88.3, May June 2020 78.1. “While many are optimistic about a gradual end to the pandemic, consumers still judged the risks from emerging covid variants as appreciable. It is likely that consumers will not reduce their savings and wealth to pre-pandemic levels, but maintain a higher level of precautionary funds.”
  • Thursday, June 24, 2021
  • The US Federal Reserve Board releases results of annual bank stress tests, which show that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession.
  • The US Dept of Commerce/BEA says the 1Q21 US Real Gross Domestic Product Annual Rate remains at +6.4%, $22.062 trillion, 4Q20 was at +4.3%, $21.495 trillion, 3Q20 +33.4%, $21.170 trillion, 1Q20 -5.0%, $21.561 trillion.
  • The US Dept of Labor says the June 19, 2021 US Initial Unemployment Claims 4 Week Average is at 397,750, May 22, 2021 was at 458,750, April 24, 2021 611,750, June 20, 2020 1,620,750.
  • FreddieMac says on June 24, 2021 the US Average 30 Year Fixed Home Mortgage Rate is at 3.02% with 0.7 points & fees, May 27, 2021 was at 2.95%, April 29, 2021 2.98%, June 25, 2020 3.13%. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year.”
  • Wednesday, June 23, 2021
  • The US Dept of Commerce/HUD says the Preliminary May 2021 US New Family Home Sales Annual Rate is at 769,000 units, April 2021 was at 817,000, March 2021 886,000, May 2020 704,000; the May 2021 Median New Home Sale Price is at $374,400, April 2021 was at $365,300, March 2021 $348,300, May 2020 $317,100.
  • The US Dept of Commerce/BEA says the Preliminary 1Q21 US Exports of Goods, Services & Income Receipts is at $888.745 billion, US Imports $1,084.485 billion, for a 1Q21 Trade Deficit of $195.740 billion, 4Q20 Trade Deficit was at $175.078 billion, 3Q20 $172.362 billion, 1Q20 $114.788 billion.
  • Tuesday, June 22, 2021
  • US Federal Reserve Chairman Powell testifies in Congress, says the expectation is that there will be a short term inflationary period that will moderate over the long term.
  • The Natl Assn of Realtors reports that the Preliminary May 2021 US Existing Home Sales Annual Rate is at 1,580,000 units, April 2021 was at 1,585,000, March 2021 6,010,000, May 2020 4,010,000; the Preliminary May 2021 US Existing Home Median Price is at $350,300, April 2021 was at $341,600, March 2021 $329,100, May 2020 $283,500.
  • The US Federal Reserve Bank of Philadelphia says the June 2021 US 3rd District Non-Manufacturing General Activity Index is at 59.6, May 2021 was at 36.9, April 2021 36.3, June 2020 -3.6. “The respondents expect overall improvement in conditions over the next six months, as both future activity indexes rose.”
  • Monday, June 21, 2021
  • The US Federal Reserve Bank of Chicago says the Preliminary May 2021 US National Activity Index is at +0.29, April 2021 was at -0.09, March 2021 +2.22, May 2020 +4.62. “Index points to a pickup in economic growth in May.”

US Corporate

  • Friday, June 25, 2021
  • Amazon(PBR2 $AMZN) says it sold 70+ million items for $1.9+ billion over its 2 week promotion period for its June 21-22 Prime Days.
  • eBay(PBR285 $EBAY) completed the transfer of its Classifieds business to Norway based Adevinta(OSLO: ADE) in exchange for $2.5 billion in cash and a 44% equity stake in Adevinta, equivalent to approximately 540 million shares.
  • Rockwell Automation(PBR425 $ROK) to acquire pure software-as-a-service, cloud-native smart manufacturing platform provider Plex Systems for $2.22 billion, to close by 09/30/21.
  • Thursday, June 24, 2021
  • Microsoft(PBR15 $MSFT) launches its new Windows 11 operating system.
  • eBay(PBR285 $EBAY) to sell 80.01% of its S Korea business to Emart for around $3.0 billion, to close in late 2021 or early 2022.
  • Boston Scientific(PBR294 $BSX) to exercise option to acquire the 73% of Farapulse it does not own for $295 million, plus up to $92 million upon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments for the next three years, to close in 3Q21.
  • Brunswick(PBR573 $BC) to acquire Norway based privately held $470 million in revenues for 12 months ending 05/31/21 Navico, a global leader in marine electronics and sensors, for $1.05 billion, to close in 2H21.
  • Wednesday, June 23, 2021
  • VISA(PBR129 $V) to acquire European open banking platform Tink for around $2.2 billion cash.
  • PVH(PBR392 $PVH) to sell certain intellectual property and other assets of its Heritage Brands business, including the IZOD, Van Heusen, ARROW and Geoffrey Beene brand trademarks, to Authentic Brands Group for approximately $220 million cash, to close in 3Q21.
  • Electronic Arts(PBR466 $EA) to acquire AT&T(PBR11 $T)’s WarnerMedia’s Warner Bros Games’ Playdemic, Ltd., the mobile games studio responsible for Golf Clash, for $1.4 billion cash.
  • Corteva(PBR209 $CTVA) CEO Jim Collins Jr to retire by 12/31/21, new CEO search starts.
  • Southwest Airlines(PBR325 $LUV) Chairman/CEO Gary Kelly to transition to Executive Chairman, EVP Corporate Services Robert Jordan to become CEO and Board member on 02/01/22.
  • Tuesday, June 22, 2021
  • GameStop(PBR506 $GME) completes sale of 5 million shares of common stock, generates gross proceeds of $1.126 billion, will use net proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.
  • Splunk(PBR826 $SPLK) gets $1 billion investment in convertible senior notes from tech investing firm Silver Lake.
  • Monday, June 21, 2021
  • L Brands(PBR246 $LB) files Form 10 with the US SEC regarding its spin-off of Victoria’s Secret & Co planned for 08/21.
  • Westlake Chemical(PBR377 $WLK) to acquire the N American building products businesses in roofing; siding, trim and shutters; decorative stone; and windows from Boral Limited (ASX: BLD) for $2.15 billion cash, to close in 2H21.
  • Ingersoll-Rand(PBR516) to acquire Germany based $200 million in annual revenues positive displacement pump manufacturer Seepex GmbH for around $525 million cash, to close in 3Q21.
  • KKR(PBR581 $KKR) to acquire a majority stake in Vini Cosmetics, a leading branded personal care and beauty products company in India, for $625 million, to close in 07/21.

 

US Society:

  • The Minneapolis police officer convicted of the killing of George Floyd in May 2020 gets a 22.5 year prison sentence.

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The Week 23 of 2021 US Stock Market and News Recap

The Week 23 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000

It was a relatively non-volatile Week 23, The Stock Market Bull prevails with a 2-1 mixed win.

By Larry C. Paxton

US Stock Market Indices Summary

Week 23 of 2021 Ending 06/11/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(05/28/21) 34,529.45 13,748.74 4,204.11
Record Close Date 05/07/21 04/26/21 06/11/21
Record Close 34,777.76 14,138.78 4,247.44
Week 22 34,756.39 13,814.49 4,229.89
Week 23 34,479.60 14,069.42 4,247.44
Percent Change-Week -0.80% 1.85% 0.41%
Percent Change-Month -0.14% 2.33% 1.03%
Percent Change-Quarter 4.54% 6.21% 6.91%
Percent Change-YTD 12.65% 9.16% 13.08%
Percent Change-Record -0.86% -0.49% 0.00%

The Stock Market Bull and Bear Tallies YTD

Week 23 Winner and Tally  Bull 2-1 Mixed Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 10 3 Ahead
The Stock Market Bear 7 0
Mixed Result 6 2
  Totals 23 5

The US Stock Market Week 23 Summary:

This week The Stock Market Bear successfully attacked the DJIA taking the first 3 of 5 days. However, his energies opened up the NASDAQ for The Stock Market Bull who took 4 out of 5 days. But the highlight was The Stock Market Bull taking the S&P500 to new record high closes on Thursday and Friday. Bottomline: The Stock Market Bull gets a 2-1 mixed win in a non-volatile Week 23.

Week 23 News Summary:

Coronavirus Pandemic: As of today, Friday, 06/11/21, at 1:23PM Eastern US, the John Hopkins University CSSE unit says there are now 175,010,665 confirmed cases globally with 3,776,333 deaths, +71,133 from last week, which is -119,146 from the prior week. For the US it is 33,434,366 confirmed cases and 599,083 deaths, +2,173 from last week, which is -892 from the prior week. In the US vaccines are plentiful, available free through governmental programs and sponsored sites as well as at most drugstores. There is concern that the US goal of 70% of eligible people be at least partially vaccinated by July 4th might not be met. US Vice President Kamala Harris is making visits in the South this week to encourage people to get vaccinated. The US now seems to have a surplus of the vaccines and is pushing to get doses to poorer countries.

US Federal Government:

  • Wednesday, June 9, 2021: US President starts his 8 day trip to Europe for a variety of meetings and discussions.
  • Tuesday, June 8, 2021:
  • It was announced that the infrastructure development plan discussions between President Biden and Republican Senator Cappito has stopped as progress has not been made on some key points, will be talking to some other bipartisan groups as well.

US Economy: 

  • Friday, June 11, 2021:
  • The Preliminary June 2021 University of Michigan Consumer Sentiment Index is at 86.4, May 2021 was at 82.9, April 88.3, June 2020 78.1. “Stronger growth in the national economy was anticipated, with an all-time record number of consumers anticipating a net decline in unemployment. Rising inflation remained a top concern of consumers, although the expected rate of inflation declined in early June.”

 

  • Thursday, June 10, 2021:
  • The US Dept of Labor says the June 5, 2021, Weekly Initial Jobless Claims were at 376,000, May 29 was at 385,000, May 22 405,000, 1st week in June 2020 1,537,000.
  • The US Dept of the Treasury says the May 2021 US Federal Government Receipts are at $463.745 billion, Outlays $595.698 billion, for a May 2021 Deficit of $131.953 billion, April 2021 Deficit was at $225,580, March 2021 Deficit $659.603 billion, May 2020 Deficit $398.753 billion, the May 2021 US Federal Government Deficit YTD(8 months) is at $2.064 trillion, May 2020 Deficit YTD was at $1.880 trillion.
  • The US Dept of Labor says the May 2021 US Monthly Consumer Price Index is at +0.6%, Last 12 Months is at +5.0%, April 2021 was at +4.2%, March 2021 +2.6%, May 2020 -0.1%.
  • The US Dept of Labor says the Preliminary May 2021 Current Average Earnings Per Hour is at $30.33, Average Hours Worked Per Week is at 34.9, for Average Earnings Per Week at $1,058.52, April 2021 was at $1,053.28, March 2021 $1,045.95, May 2020 $1,031.98.
  • The US Federal Reserve says the Preliminary 1Q21 US Networth of Households/Non-Profits is at $136.917 trillion, 4Q20 was at $131.920 trillion, 3Q20 $123.897 trillion, 1Q20 $111.355 trillion.
  • FreddieMac says that on June 10, 2021 the US Average Weekly 30 Year Fixed Mortgage Rate is at 2.96% with 0.7 points & fees. 

 

  • Wednesday, June 9, 2021:
  • The US Dept of Commerce/Census says the Preliminary April 2021 US Wholesale Sales-Durables is at $276.2 billion, Non-Durables $294.5 billion, for April 2021 US Total Wholesale Sales of $570.7 billion, March 2021 was at $566.0 billion, February 2021 $542.7 billion, April 2020 $397.5 billion.

 

  • Tuesday, June 8, 2021:
  • The US Dept of Labor says the Preliminary April 2021 US Job Openings-Private are at 8,374,000, Government 913,000, for April 2021 Total US Job Openings at 9,287,000, March 2021 was at 8,289,000, April 2020 4,630,000.
  • The US Dept of Commerce/Census says the Preliminary April 2021 US Exports-Goods is at $145.3 billion, Services $59.7 billion, for April 2021 US Total Exports of $205.0 billion; April 2021 US Imports-Goods is at $232.0 billion, Services $41.9 billion, for April 2021 US Total Imports of $273.9 billion; April 2021 US Deficit is at $68.9 billion, April 2020 was at $53.0 billion; April 2021 US Deficit YTD(4 months) is at $281.7 billion, April 2020 was at $187.3 billion.
  • CoreLogic says March 2021 US Housing Mortgages 30 Days or More Delinquent is at 4.9%, February 2021 was at 5.7%, January 2021 5.6%, March 2020 3.6%.

 

  • Monday, June 7, 2021:
  • The US Federal Reserve reports that Preliminary April 2021 Consumer Revolving Credit Annual Rate is at $963.6 billion, Non-Revolving Credit $3,273.9 billion, for Total Consumer Credit of $4,237.5 billion, March 2021 was at $4,218.9 billion, February $4,200.3 billion, April 2020 $4,130.3 billion.
  • The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, increasing by 1.0 points to 80.0.

Corporate News: 

  • Friday, June 11, 2021:
  • Philip Morris(PBR40 $PM) authorizes up to $7 billion share repurchase program over next 3 years.
  • Kraft Heinz(PBR104) to purchase Istanbul, Turkey based sauces focused business Assan Foods from privately held Turkish conglomerate Kibar Holding in a deal that values the enterprise at approximately $100 million, to close in 2H21.
  • KKR(PBR580 $KKR) launches AV AirFinance Limited, a global commercial aviation loan servicer, seeds with purchase of an $800 million portfolio acquired from CIT Group(PBR934 $CIT).

 

  • Thursday, June 10, 2021:
  • Occidental Petroleum(PBR184 $OXY) to sell non-strategic 25,000 acres in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, to close in 3Q21.
  • Avantor(PBR423 $AVTR) completes around $1.95 billion cash acquisition of Schwabmünchen, Germany based privately held robotic and liquid handling consumables manufacturer Ritter GmbH.

 

  • Wednesday, June 9, 2021:
  • Merck(PBR65 $MRK) gets $1.2 billion order for 1.7 million doses of molnupiravir, used for the treatment of non-hospitalized patients with laboratory-confirmed COVID-19 and at least one risk factor associated with poor disease outcomes, currently in Phase 3 testing, order dependent on US FDA Approval or Emergency Use Authorization.
  • Pfizer(PBR74 $PFE) and BioNTech SE(NASDAQ: $BNTX) get an order from US federal government for 500 million doses of COVID-19 vaccine to donate to poorer countries.
  • SPX(PBR939 $SPXC) to sell its wholly-owned subsidiary, SPX Transformer Solutions, to GE-Prolec Transformers, a subsidiary of a joint venture between GE (PBR37 $GE) and Xignux SA de CV for $645 million cash.
  • GameStop(PBR506 $GME) hires Matt Furlong as CEO, effective 06/21/21.

 

  • Tuesday, June 8, 2021:
  • Ford(PBR20) introduces 40 MPG, standard hybrid, 5 seater, under $20,000, 2022 Ford Maverick Truck.
  • Pfizer(PBR74 $PFE) gets US FDA approval for PREVNAR 20™ (Pneumococcal 20-valent Conjugate Vaccine) for the prevention of invasive disease and pneumonia caused by the 20 Streptococcus pneumoniae (pneumococcus) serotypes in the vaccine in adults ages 18 years and older.
  • Lithia Motors(PBR225 $LAD) acquires BMW of Sherman Oaks, CA, and Acura of Sherman Oaks, CA, expected to add $185 million in annual revenues.
  • US Steel(PBR300 $X) to sell its railroads operations Transtar to an affiliate of Fortress Transportation and Infrastructure Investors LLC (NYSE: $FTAI) for $640 million, to close in 3Q21.
  • CMS Energy(PBR415 $CMS) to sell its wholly-owned subsidiary, EnerBank USA, to Regions Bank, a subsidiary of Regions Financial(PBR419 $RF) for $960 million cash, to close in 4Q21.
  • Worthington Industries(PBR697 $WOR) has acquired certain assets of Shiloh Industries’ US BlankLight® business, a leading provider of laser welded solutions, for $105 million, generated $170.5 million in revenues in 2020.

 

  • Monday, June 7, 2021:
  • Kroger(PBR17 $KR) announces its Family of Companies’ first nationwide hybrid hiring event, including virtual and in-store interviews, will take place on Thursday, June 10, goal is to hire 10,000 associates supporting retail, e-commerce, pharmacy, manufacturing, and logistics operations.
  • Kraft Heinz(PBR104 $KHC) has completed the sale of its nuts business to Hormel Foods(PBR306 $HRL) for $3.35 billion cash.
  • Nucor(PBR143 $NUE) to acquire Cornerstone Buildings Brands’ insulated metal panels business for $1 billion cash.
  • Biogen(PBR221 $BIIB) gets US FDA approval for its ADUHELM™ as the first and only Alzheimer’s disease treatment to address a defining pathology of the disease.
  • Blackstone(PBR441 $BX) to acquire QTS Realty Trust (NYSE: $QTS) for $10 billion.
  • Vulcan Materials(PBR523 $VMC) to acquire US Concrete(NASDAQ: $USCR), a leading supplier of aggregates and ready-mixed concrete, for $74.00/share, $1.294 billion, to close in 2H21.
  • CoStar Group(PBR928 $CSGP) to do a 10:1 stock split after close of business on Friday, 06/25/21.
  • EOG Resources(PBR275 $EOG) Chairman/CEO William R. “Bill” Thomas will retire as CEO and assume the role of Non-Executive Chairman of the Board on 10/01/21, President Ezra Y. Yacob to become CEO, COO Lloyd W. “Billy” Helms, Jr to add President role.
  • Scholastic(PBR952 $SCHL) longtime Chairman/CEO Richard Robinson dies unexpectedly at 84. Board to meet to determine succession plan options.
  • Norwegian Cruise Lines(PBR977 $NCLH) CEO Frank Del Rio is interviewed by Goldman Sachs regarding its response to the COVID-19 pandemic.

Society: June is Pride Month with several events scheduled for the LGBTQ+Pride community.

International News: US Vice President Kamala Harris completed her visits to Guatemala and Mexico regarding immigration and other issues of the region. US President Biden is attending the G-7 meeting in Europe, his first visit outside the US, where topics will range from minimum corporate taxes, climate change, cybersecurity issues, and will include a meeting with Russia President Vladimir Putin.

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The Week 22 of 2021 US Stock Market and News Recap

The Week 22 of 2021 US Stock Market and News Recap

Stock Market PBR1000 Snapshots Recap

It was a short 4 day trading week and the Friday jobs report showed lower gains than expected. But the number was large enough for The Stock Market Bull to have a big day and come from behind to get the 3-0 win in Week 22.

By Larry C. Paxton

US Stock Market Indices Summary

Week 22 of 2021 Ending 06/04/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 21 34,529.45 13,748.74 4,204.11
Week 22 34,756.39 13,814.49 4,229.89
Percent Change-Week 0.66% 0.48% 0.61%
Percent Change-Month 0.66% 0.48% 0.61%
Percent Change-Quarter 5.38% 4.28% 6.47%
Percent Change-YTD 13.56% 7.19% 12.61%
Percent Change-Record -0.06% -2.29% -0.41%

The Stock Market Bull and Bear Tallies YTD

Week 22 Winner and Tally  Bull 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 10 3 Winning
The Stock Market Bear 7 0 Losing
Mixed Result 5 2
  Totals 22 5

US Stock Exchanges Week 22 Summary:

On Monday the US stock exchanges were closed in observance of Memorial Day. The Stock Market Bear got a mixed result on a subdued start of a new month Tuesday. The Stock Market Bull took Wednesday on a equally quiet day. On Thursday The Stock Market Bear returned, won all 3 indices, with the NASDAQ having a particularly bad day. On Friday the US jobs report came out. The result was a lower than expected number, but it was still high enough for optimism to prevail. The Stock Market Bull comes from behind with a solid win on Friday to take a come from behind 3-0 victory for Week 22 and with the DJIA and S&P500 closing just below records.

Week 22 News Summary:

Coronavirus Pandemic: As of today, Friday, 06/04/21, at 1:23PM Eastern US, the John Hopkins University CSSE unit says there are now 172,315,808 confirmed cases globally with 3,705,200 deaths, +190,279 from last week, which is +109,551 from the prior week. For the US it is 33,337,659 confirmed cases and 596,910 deaths, +3,065 from last week, which is -1,645 from the prior week. Some states and businesses are offering creative incentives to get vaccinated. For example, California gave out its first round of 15 $50,000 rewards to vaccinated people in a lottery type model. President Biden is pushing for a 70% vaccination rate by July 4th, and Anheuser-Busch has responded by saying it provide a free beer to those aged 21+ when the goal is met. Ages 12 and up are now vaccination eligible, vaccines are readily available, and there will be a big promotional push with Vice President Kamala Harris in charge. The US is also making commitments to ship some vaccines to other countries based on infection rates and logistics.

US Federal Government: President Biden continues to meet with key Republicans regarding the infrastructure development plan and appears to be willing to make some major concessions to make something happen. This week he signaled that the proposed 28% corporate tax rate was negotiable and mentioned a 15% minimum rate as a compromise. Another round of discussions are scheduled for next week. The recent cybersecurity issues with businesses and governmental institutions are becoming a greater danger forcing the government to be more active in assessing the events, chasing down the bad actors, and bolstering security defenses.

US Economy: The US Dept of Commerce said Construction Spending was up +0.2% in April. IHS Markit and ISM manufacturing surveys indicated continued growth, but with concerns about supplier issues and hiring skilled people. The Federal Reserve Beige Book showed that the economy is being perceived as picking up. ADP said the private sector added 976,000 jobs in May, with a big percentage of that being from the Services Sector. These results corresponded with the IHS Markit and ISM services surveys. The US Dept of Labor said the US economy created 559,000 jobs in May, below expectations, but still a good number, and the unemployment rate fell from 6.1% to 5.8%. Weekly initial jobless claims fell to 385,000 at the end of May, another positive sign. Mortgage rates continued to be just below 3% for 30 year fixed mortgages. While potential inflation continues to be a concern for many, the Federal Reserve members continues to say that it is temporary and will moderate over the longer term.

Corporate News: Etsy(PBR921) is buying global fashion resale marketplace Depop for $1.6 billion. Southwestern Energy(PBR818) agrees to pay $2.7 billion for privately held natural gas producer Indigo Natural Resources. Blackstone(PBR441) is acquiring International Data Group for $1.3 billion. AMC Entertainment(PBR983) raises $587 million from a sale of 11.55 million shares through an offering in the continuing saga of meme stocks. Staples offers $1 billion to acquire Office Depot and OfficeMax consumer assets from parent ODP(PBR302). Kinder Morgan(PBR254) is acquiring Stagecoach Gas Services for $1.225 billion. CSX(PBR283) is doing a 3-1 stock split on 06/28/21. Trane Technologies(PBR236) President/COO Dave Regnery is to become CEO on 07/01/21. Chemours Company(PBR512) COO Mark Newman will become President/CEO on 07/01/21. Tyson Foods(PBR71) President/CEO Dean Banks has stepped down for personal reasons, COO Donnie King is his successor. Hillenbrand(PBR779) President/CEO Joe A. Raver is retiring at the end of 2021, EVP Kimberly K. Ryan is named successor. The GEO Group(PBR811) Chairman/CEO/Founder George C. Zoley to become Executive Chairman and board member Jose Gordo to become CEO on 07/01/21.

Society: It was a relatively quiet week, starting Monday with Memorial Day being commemorated across the US.

International News: Longtime Israel Prime Minister Benjamin Netanyahu continues to struggle to build a coalition government and is in danger of losing his position. June 4th marked the 22nd anniversary of the Tiananmen Square Incident in China.

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The Week 21 of 2021 US Stock Market and News Recap

The Week 21 and May of 2021 US Stock Market and News Recap

stocks stock market bull bear investing PBR1000

The Stock Market Bull gets a mixed 2-1 win in May 2021 because The Stock Market Bear managed to hold onto the NASDAQ, who remains winless on a monthly basis for 2021.

By Larry C. Paxton

US Stock Market Indices Summary

Week 21  and May of 2021 Ending 05/28/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 20 34,207.84 13,470.99 4,155.86
Week 21 34,529.45 13,748.74 4,204.11
Percent Change-Week 0.94% 2.06% 1.16%
Percent Change-Month 1.93% -1.53% 0.55%
Percent Change-Quarter 4.69% 3.79% 5.82%
Percent Change-YTD 12.82% 6.68% 11.93%
Percent Change-Record -0.71% -2.76% -0.67%

The Stock Market Bull and Bear Tallies YTD

Week 21 Winner and Tally  Bull 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 9 3 Ahead
The Stock Market Bear 7 0
Mixed Result 5 2
  Totals 21 5

US Stock Exchanges Week 21 Summary:

The Stock Market Bull made a determined charge and had a good day at the pasture on Monday. The Stock Market Bear attempted a rather half-hearted but nevertheless moderately successful day on Tuesday. The rest of the week The Stock Market Bull prevailed, not dramatically, more like a relaxed grazing time with The Stock Market Bear out of sight, who was more occupied with making plans for the 3 day Memorial Day weekend. The Stock Market Bull gets an easy 3-0 win for Week 21, but has to settle for a mixed 2-1 result for May.

Week 21 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/28/21, at 2:20PM Eastern US, the John Hopkins University CSSE unit says there are now 169,148,029 confirmed cases globally with 3,514,921 deaths, +80,728 from last week, which is -4,513 from the prior week. For the US it is 33,234,714 confirmed cases and 593,845 deaths, +4,710 from last week, which is +648 from the prior week. Over 50% of US adults are now fully vaccinated. Vaccines are readily available across the US for ages 12 and up. Many poorer countries continue to struggle to get vaccines and have higher infection rates. There is some talk about needing booster shots in the future to counter COVID-19 variants and some pharmaceuticals are gearing up development. The cause of the initial outbreak in China is once again making news, with the US and the World Health Organization talking about putting together a commission to determine the source.

US Federal Government: US President Joe Biden’s administration’s revised $1.7 billion infrastructure development plan has been met with a Republican counter proposal for $928 billion. President Biden has also offered up a proposed $6 trillion US budget for the 2022 fiscal year and which will most assuredly also meet resistance.

US Economy: The Federal Reserve Bank of Chicago reports that the US National Activity Index for April is at +0.24, indicating moderate economic growth. New Family Home Sales for April dropped 5.9% from March to an annual rate of 863,000 homes. FreddieMac said the average 30 Year Fixed Mortgage Rate dropped to 2.95% with 0.7 points/fees. The S&P CoreLogic Case-Shiller indicated that US Home Prices in March grew 13.2% from the previous year. The TrueCar forecast for May New Auto Sales is at 1,509,221 units, a 35.8% increase over the previous year. The Conference Board Preliminary May Consumer Confidence Index is at 117.2, a slight drop from April, and approaching pre-pandemic levels. US Weekly Initial Job Claims took a nice dip to 406,000 for the week ending 05/22/21. The 2nd estimate of the US Annual Real Gross Domestic Product for 1Q21 remained at +6.4%. The US April Personal Annual Income Rate is at $21.195 trillion, a drop of 13.1% from March, an effect caused by stimulus checks having been paid in March. The American Automobile Association says the average price for a gallon of regular gas on 05/28/21 is at $3.044, it was $1.972 on 05/29/20. The US Treasury says the US National Debt on 05/25/21 was at $28.188 trillion, it was $25.752 trillion on 05/31/20. On 05/28/21 the yield on a 10 Year US Treasury Note is at 1.58%, it was 0.65% on 05/29/20. On 05/28/21 it would cost $1.2195 to buy a Euro. The University of Michigan Final May Consumer Sentiment Index is at 82.9, April was at 88.3, May 2020 was at 72.3.

Corporate News: Cabot Oil & Gas(PBR956) and Cimarex Energy(PBR939) to merge in an all stock deal, will create a new company with an enterprise value of $17 billion. IAC(PBR698) completes spin-off of its Vimeo unit as an independent public company. Amazon(PBR2) to acquire MGM for $8.45 billion. Amazon(PBR2) announces Andy Jassy will become its CEO on 07/05/21, succeeds Jeff Bezos who becomes Executive Chairman.  Mondelez(PBR102) to acquire Greece-based Chipita for $2 billion. There were some initial public offerings during the week. Airlines are seeing increased passenger traffic, cruise lines announced some summer voyages departure dates, and theme parks are opening as the COVID-19 pandemic starts to subside and more relaxed rules are implemented.

Society: It was a relatively quiet week, which included the 1 year remembrance of the death of George Floyd on 05/25/20 by a Minneapolis policeman who has since been convicted.

International News: The ceasefire between Israel and Hamas has held so far with more details being worked out. US President Biden and Russia President Putin have agreed to meet in Geneva, Switzerland, on 06/16/21 to discuss relations between the two countries. The Russian government continues to deny it has anything to do with cyberattacks on US organizations.

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The Week 20 of 2021 US Stock Market and News Recap

The Week 20 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000

The Stock Market Bull wins only one day on the NASDAQ, but it was big enough, The Stock Market Bear has to settle for a mixed 2-1 result in Week 20.

By Larry C. Paxton

US Stock Market Indices Summary

Week 20  of 2021 Ending 05/21/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 19 34,382.13 13,429.98 4,173.85
Week 20 34,207.84 13,470.99 4,155.86
Percent Change-Week -0.51% 0.31% -0.43%
Percent Change-Month 0.98% -3.52% -0.61%
Percent Change-Quarter 3.72% 1.69% 4.61%
Percent Change-YTD 11.77% 4.52% 10.64%
Percent Change-Record -1.64% -4.72% -1.81%

The Stock Market Bull and Bear Tallies YTD

Week 20 Winner and Tally  Bear 2-1 Mixed Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 7 0
Mixed Result 5 1
  Totals 20 4

US Stock Exchanges Week 20 Summary:

Week 20 was almost a duplicate of Week 19. The Stock Market Bear came out strong again on the first 3 days. But The Stock Market Bull decided to show up at the pasture and took Thursday in a big way, especially the NASDAQ. Friday was a split with The Stock Market Bull taking only the DJIA. The Thursday win by a large margin on Thursday by The Stock Market Bull spoils The Stock Market Bear‘s effort to ace 2 weeks in a row. Week 20 was a lot less volatile than Week 19 and The Stock Market Bear has to settle for a 2-1 mixed result. Week 21 will be the last week for May and unless something dramatic happens, May will probably end with a mixed result as well.

Week 20 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/21/21, at 2:21PM Eastern US, the John Hopkins University CSSE unit says there are now 165,713,514 confirmed cases globally with 3,434,193 deaths, +85,241 from last week, which is -2,728 from the prior week. For the US it is 33,079,478 confirmed cases and 589,135 deaths, +4,062 from last week, which is -207 from the prior week. Vaccines are readily available, there is really no excuse to not get vaccinated unless your personal beliefs are against such vaccinations. The CDC’s lowering recommendations for using masks has caused some confusion. India and Brazil cases and deaths rise again in the week.

US Federal Government: US President Joe Biden’s administration has lowered the proposed infrastructure development plan from $1.9 trillion to $1.7 trillion in an effort to get enough Republicans to accept the plan.

US Economy: The Federal Open Market Committee released the minutes of its late April meeting. Inflation, short term interest rates adjustments, and bond buying programs generated a lot more discussion than in previous sessions. The Federal Reserve also indicated that it will be making some comments about digital currencies in the next few months. Weekly initial jobless claims took another downward dip to 444,000, the lowest since the start of the pandemic, but above the around 250,000 before the pandemic. The housing starts annual rate indicated a disappointing drop, but permits issued were up. The National Association of Home Builders/Wells Fargo Housing Market Index held steady in spite of increased costs for lumber and other materials. FreddieMac said the average 30 year fixed mortgage rate rose slightly to 3.0% with 0.6 points and fees. The Federal Reserve Bank of Philadelphia manufacturing survey was lower, but still well into positive territory, a similar result for the Federal Reserve Bank of New York. The Conference Board leading economic index took a nice +1.6% jump in April. The National Association of Realtors said April existing home sales fell 2.7% from March to a 5.85 million annual rate.

Corporate Business: It is the tail end of 1Q21 corporate earnings reports and they were generally mixed. Share buyback programs are being reinstituted by several companies. IPOs continue to be popular and some were launched during the week. Ford debuts its all electric F-150 truck and announces a joint venture for 2 batteries factories. Mergers and acquisitions seemed to make a jump in the week as well, especially among tech companies.

Society: It was another quiet week, with much of the news still being on COVID-19 vaccination efforts and cautious optimism as the economy continues to reopen.

International News: A ceasefire was agreed to between Israel and Hamas, but details were still being worked out. As mentioned earlier, India, Brazil and some other countries continue to see a rise in COVID-19 cases.

More Resources:

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Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

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The Week 19 of 2021 US Stock Market and News Recap

The Week 19 of 2021 US Stock Market and News Recap

Stock Market Stocks Bear Bull Investing Investor Economy

The Stock Market Bear starts out Week 19 strong, The Stock Market Bull makes an equally strong comeback, but waited one day too many.

By Larry C. Paxton

US Stock Market Indices Summary

Week 19  of 2021 Ending 05/14/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 18 34,777.76 13,752.24 4,232.60
Week 19 34,382.13 13,429.98 4,173.85
Percent Change-Week -1.14% -2.34% -1.39%
Percent Change-Month 1.50% -3.82% -0.18%
Percent Change-Quarter 4.25% 1.38% 5.06%
Percent Change-YTD 12.34% 4.20% 11.12%
Percent Change-Record -1.14% -5.01% -1.39%

The Stock Market Bull and Bear Tallies YTD

Week 19 Winner and Tally  Bear 3-0 Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 7 0
Mixed Result 4 1
  Totals 19 4

US Stock Exchanges Week 19 Summary:

The Stock Market Bull decided to start Week 19 by taking some time off to smell the spring flowers. The Stock Market Bear took advantage over the first 3 days and not only pummeled the NASDAQ as he had done in weeks past, but also the DJIA and S&P500. When The Stock Market Bull looked up and saw the damage he butted The Stock Market Bear over the fence and took control of the pasture in a strong way on Thursday and Friday on all 3 indices. Unfortunately it was a day too late. The Stock Market Bear gets Week 19 with a 3-0 sweep. Will the volatility continue in Week 20?

Week 19 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/14/21, at 1:21PM Eastern US, the John Hopkins University CSSE unit says there are now 161,381,569 confirmed cases globally with 3,348,952 deaths, +87,969 from last week, which is -1,729 from the prior week. For the US it is 32,883,624 confirmed cases and 585,073 deaths, +4,281 from last week, which is -720 from the prior week. Vaccines supplies are plentiful through most state government programs and most pharmacies. The Pfizer/BioNTech vaccines were granted additional Emergency Use Authorizations by the US FDA for ages 12 and up. The CDC has released new guidelines saying people who have been fully vaccinated do not have to wear masks outside in most situations. Countries like India and Brazil continue to struggle with high infection and death rates.

US Federal Government: US President Joe Biden met with some Republicans to discuss his infrastructure development proposals and expressed a willingness to negotiate.

US Economy: The US Consumer Price Index jumped up 0.8% in April, much higher than forecast, and generated a lot of buzz about inflation concerns, which the Federal Reserve has downplayed, which has targeted 2% annual growth as a target. Weekly initial job claims fell to its lowest since the start of the pandemic. Job openings increased to 8.1 million. Wages remain around the same. Some sectors, primarily hospitality and retail, are struggling to find employees, most saying it is because unemployment benefits are still better than what the employers can offer. In response some states are talking about eliminating unemployment benefits. The US deficit widens to a record $1.9 trillion over the first 7 months of the fiscal year. Retail sales were unexpectedly flat in April, a significant increase had been forecast. Industrial output increased in April. US import prices increased. Mortgage rates remain near record lows. There was a ransomware cyberattack on Colonial Pipeline, a midstream energy company with 5,500 miles of pipelines that is the primary support for fuel supplies in the Northeast US. By the end of the week services were restored, the attackers have been identified, and once again demonstrated vulnerabilities in the US. Cryptocurrencies continue to grab headline news and draw a variety of reactions from banks, investors, corporations, and influential individuals.

Corporate Business: More 1Q21 corporate earnings reports came in with mixed results. Technology related companies continue to dominate much of the news. The shortage of semiconductor chips continues to be an issue for car and electronic goods manufacturers with some forecasts showing that the problem could last for a couple of years.

Society: It was a quiet week, with much of the news still being on COVID-19 vaccination efforts and cautious optimism as the economy continues to reopen.

International News: India, Brazil and some other countries continue to see a rise in COVID-19 cases. Hamas in the Palestinian areas continues to launch rockets into Israel and Israel is responding with its own rockets targeted at military targets but which are also inflicting civilian casualties.

More Resources:

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The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors Through The PBR1000 Analytics!

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)

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The Week 18 of 2021 US Stock Market and News Recap

The Week 18 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000 news recap

The Stock Market Bull finished Week 18 with records for the DJIA and S&P500, but is was a mixed win because The Stock Market Bear would not let go of the NASDAQ.

By Larry C. Paxton

US Stock Market Indices Summary

Week 18 of 2021 Ending 05/07/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 17 & April Close 33,874.85 13,962.68 4,181.17
Week 18 Close 34,777.76 13,752.24 4,232.60
Percent Change-Week 2.67% -1.51% 1.23%
Percent Change-Month 2.67% -1.51% 1.23%
Percent Change-Quarter 5.45% 3.82% 6.54%
Percent Change-YTD 13.63% 6.70% 12.69%
Percent Change-Record 0.00% -2.73% 0.00%

The Stock Market Bull and Bear Tallies YTD

Week 18 Winner and Tally  Bull 2-1 Mixed Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 6 0
Mixed Result 4 1
  Totals 18 4

US Stock Exchanges Week 18 Summary:

The DJIA was all about The Stock Market Bull who took all 5 days, the last 3 days being new record highs. The S&P500 was a little more difficult because The Stock Market Bear took Tuesday, but The Stock Market Bull butted The Stock Market Bear aside Wednesday through Friday and posted a new record high on Friday. But The Stock Market Bear did take command of the NASDAQ Monday through Wednesday and inflicted some major losses. The Stock Market Bull took Thursday and Friday, but it was not enough. The Stock Market Bull takes Week 18 in a 2-1 mixed win. Will The Stock Market Bull‘s clean sweeps of Thursday and Friday carry over into Week 19?

Week 18 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/07/21, at 2:20PM Eastern US, the John Hopkins University CSSE unit says there are now 156,326,016 confirmed cases globally with 3,260,983 deaths, +89,698 from last week, which is +1,188 from the week before that. For the US it is 32,643,635 confirmed cases and 580,804 deaths, +4,989 from last week, which is +353 from the week before that. Vaccinations are now available just about everywhere in the US through state and county governments and most pharmacies now. US President Joe Biden says he is aiming for 70% of all US adults to have at least one vaccination by July 4th. Emergency Use Authorizations by the US FDA are expected soon for people 16 and under. Cases and death rates continue to be high in countries like India and Brazil.

US Federal Government: US President Joe Biden continues to push for his $4 trillion in spending for infrastructure and other projects. US Senate minority leader Mitch McConnell is pledging to battle against the plan because he feels it is too expensive.

US Economy: Manufacturing continues to grow and surveys indicate that trend should continue short term. Construction spending is also up. Weekly Initial Jobless Claims fell below 500,000, the lowest since the pandemic started. However, the Friday April Jobs Report fell far short of forecast. The Unemployment Rate rose slightly to 6.1%. Consumer Credit had a large increase for the second month in a row. While the Federal Reserve is saying it is not too concerned about inflation and has some tools to deal with it if it becomes an issue, there are others who seem increasingly alarmed by some signals that indicate near term inflation could become a problem.

Corporate Business: 1Q21 corporate earnings reports were somewhat mixed. Technology companies seem to be struggling to maintain momentum. Travel and hospitality services are still struggling and are concerned about hiring problems as the economy opens up post-pandemic.

Society: It was a quieter week. The biggest issues continue to be concerns about people not willing to get vaccines for one reason or another. Also, some state legislatures are passing laws about voting. Opponents view the legislation as restricting voting, proponents say it is protecting the ballot box from being abused.

International News: India, Brazil and some other countries continue to see a rise in COVID-19 cases.

More Resources:

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Please use the Contact Us page if you are not on our email list or have questions about The PBR1000The PBR25 Top Buy StocksThe PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors Through The PBR1000 Analytics!

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)

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The Week 17 of 2021 US Stock Market and News Recap

The Week 17 of 2021 US Stock Market and News Recap

stocks stockmarket bull bear PBR1000 news recap

Week 17 was The Stock Market Bull’s at the close on Thursday, but on Friday The Stock Market Bear returned and spoiled the Bull’s victory dance.

By Larry C. Paxton

US Stock Indices Summary

Week 17 and April of 2021 Ending 04/30/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(03/31/21) 32,981.55 13,246.87 3,972.89
Record Close Date 04/16/21 04/26/21 4/29/21
Record Close 34,200.67 14,138.78 4,211.47
Week 16 Close 34,043.49 14,016.81 4,180.17
Week 17 & April Close 33,874.85 13,962.68 4,181.17
Percent Change-Week -0.50% -0.39% 0.02%
Percent Change-Month 2.71% 5.40% 5.24%
Percent Change-Quarter 2.71% 5.40% 5.24%
Percent Change-YTD 10.68% 8.34% 11.32%
Percent Change-Record -0.95% -1.25% -0.72%

The Stock Market Bull and Bear Tallies YTD

Week 17 Winner and Tally  Bear 2-1 Mixed Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 6 0
Mixed Result 3 1
  Totals 17 4

US Stock Exchanges Week 17 Summary:

The Stock Market Bull started out a promising Week 17 on Monday by establishing new record highs for the NASDAQ and S&P500. The Stock Market Bear returned on Tuesday to take a nibble out of those marks and then Wednesday took out a good-sized chunk. This infuriated The Stock Market Bull who trampled the Bear on Thursday, established another new record for the S&P500 and appeared to have a lock to win the week. But The Stock Market Bear roared back on Friday, wiped out all the Bull‘s gains for the week except for the S&P500 where he fell shy just 1.01 points. In a back and forth week The Stock Market Bear prevails with a 2-1 mixed result for Week 17, but The Stock Market Bull easily captures the month of April with a 3-0 result. 

Week 17 News Summary:

Coronavirus Pandemic: As of today, Friday, 04/30/21, at 1:21PM Eastern US, the John Hopkins University CSSE unit says there are now 150,817,249 confirmed cases globally with 3,171,285 deaths, +88,510 from last week. For the US it is 32,333,463 confirmed cases and 575,815 deaths, +4,636 from last week. Vaccination rates in the US continue to grow and the rate of new cases and deaths is starting to drop. India has been hit hard with rates increasing dramatically and is asking for help across the globe.

US Federal Government: The event of the week was on Wednesday evening when US President Joe Biden addressed the nation regarding the progress of his administration after 100 days in office. He stressed progress on the COVID-19 pandemic, promoted his around $4 trillion in spending for infrastructure and other projects and how they would be paid for, discussed national security, talked about racial justice and encouraged Americans to be united while celebrating diversity at the same time.

US Economy: Housing prices increased around 12% over the past year, mortgage rates remain at near record lows, but available housing inventories remain low. Initial weekly jobless claims were at 553,000, continuing the downward trend. The Federal Open Market Committee met and voted to keep federal short term interest rates at 0.00-0.25%, and continue its assets purchase programs of $120 billion/month. The 1Q21 Gross Domestic Product annual rate was up at +6.4%. The Personal Income annual rate is nearly 30% more than last year. Consumer spending and outlooks were also up for the week, based on an optimistic post-pandemic view.

Corporate Business: 1Q21 corporate earnings reports were generally positive with guidance being cautiously optimistic about the COVID-19 pandemic coming to an end sometime in the summer.

Society: Every day there seems to be a mass shooting somewhere. Citizens and politicians continue to struggle with how to stop this trend without infringing on 2nd Amendment rights.

International News: India, Brazil and some other countries see a rise in COVID-19 cases.

More Resources:

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Please use the Contact Us page if you are not on our email list or have questions about The PBR1000The PBR25 Top Buy StocksThe PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors Through The PBR1000 Analytics!

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

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