The PBR1000 September 2020 Breaking News Recap

The PBR1000 for September: Continuing to Rebuild

PBR1000 Business News StockMarket Economy

Rebuilding the economy during the coronavirus pandemic, rebuilding infrastructure and homes in the aftermath of devastating wildfires and hurricanes, rebuilding trust during a racial divide caused by questionable law enforcement actions, rebuilding opportunities to erase income inequality, passionately debating rebuilding ideas during the turmoil of national elections, it’s a time when more than ever we seem to be “Under Construction.”

The September 2020 breaking news items of interest for The PBR1000 follow with the most current date first.

***Wednesday, September 30

The PBRMarketTools US Stock Exchanges Recap for September 2020 ending 09/30/20:

DJIA ends September at 27,781.70, +2.24% from last Friday, -2.28% MTD, +7.63% QTD, -2.65% YTD, -5.99% from record 29,551.42 set 02/12/20.

NASDAQ ends September at 11,167.51, +2.33% from last Friday, -5.16% MTD, +11.02% QTD, +24.46% YTD, -7.37% from record 12,056.44 set 09/02/20.

SPX ends September at 3,363.00, +1.96% from last Friday, -3.92% MTD, +8.47% QTD, +4.09% YTD, -6.08% from record 3,580.84 set 09/02/20.

The September 2020 News Summary: The Coronavirus Pandemic continued to be the main theme throughout September, but there were several other news items that had their turns at dominating the news for a day or so. The Coronavirus Pandemic tallies as of today at 12:33PM Eastern US by the John Hopkins University CSSE unit is now 33,799,264 confirmed cases globally with 1,010,381 deaths, an increase of 162,351, a 6% downward trend from August. For the US it’s 7,219,635 confirmed cases and 206,665 deaths, an increase of 23,266, a 24% downward trend from August. There are now vaccine candidates in Phase 3 testing, results should be known within a few weeks. If it looks good then it appears that a vaccine should be available by the end of 2020/early 2021, production and logistics plans are being developed for quick deployment. Rapid tests are also coming to market, with concerns about false positive/negative results being at higher percentages than would be liked. Schools and universities opened up in a variety of formats with mixed results and opinions. Several major college conferences reversed course and decided to play football, basketball and other fall sports, with shortened seasons, frequent testing of athletes and staff, to empty stadiums, and with different playoff methods. At the professional level football is being played, as is basketball, with interuptions from positive COVID-19 tests, and the Tampa Bay Lightning won hockey’s Stanley Cup Championship in a shortened season. In international trade and news the US and China continue to have stalled trade negotiations, with some of that being the controversy over popular China based app TikTok, which apparently can capture a lot of individual information. A deal in which Oracle and Walmart acquire, or have controlling interest in the US version has the blessing of the US, but not necessarily China, and needs to be resolved by 11/12/20. A major and unexpected international agreement brokered by the US was the ‘Abraham’ peace accords signed by Israel, the United Arab Emirates and Bahrain. The US economy is recovering, maybe at a slower pace, but is considered out of recession. Jobs results are a little mixed, several major corporations and industries, especially travel, are announcing major layoffs. Manufacturing seems to be increasing. Retail is starting to hire for the upcoming holiday season. Home sales and new construction are up. The Federal Reserve modified its 2% inflation guidelines which would keep federal short term interest rates very low for a few years. At the end of the month a new stimulus package appeared to be eminent, but apparently became stalled. Wildfires raged in California, Oregon, and Washington, displacing hundreds of thousands of people and destroying homes and businesses. The Gulf Coast was hit by Hurricane Sally and caused widespread damage as well. In US government news revered Supreme Court Associate Justice Ruth Bader Ginsburg passed away at 87, considered to be a liberal member, and most noted for being a strong crusader for women’s rights. In a controversial move President Trump quickly nominated conservative and highly regarded jurist Amy Coney Barrett as the successor, which would clearly define SCOTUS as conservative. Senate hearings on her confirmation start 10/12/20 and it appears that she could be approved and take the vacant seat by the 11/03/20 election day, which would be a record for shortest time to get through the process. The US 2020 Presidential Election Race experienced a very contentious and chaotic first debate between President Donald Trump and former Vice-President Joe Biden. Next is a Vice President debate followed by two more presidential debate encounters. The major US stock exchanges were volatile in September, impacted significantly by a technology sector selloff. However, by the end of the month both the NASDAQ and S&P500 were ahead for the year with the Dow Jones retreating back into negative territory. The Stock Market Bull and The Stock Market Bear both had their moments in the day-to-day gore and slash battles, but in the end The Stock Market Bear took the 9th month victory by a wide margin, but still lagging year-to-date. There is a lot going on, many moving parts, many varying expert opinions, it’s anyone’s guess about what will happen. Enjoy the rollercoaster ride that appears certain for October.

The September 2020 tally YTD is:
The Stock Market Bull: 5 months
The Stock Market Bear: 3 months
Mixed Results: 1 month

Walmart(PBR1 $WMT) unveils a new look and feel focusing on a digitally enabled shopping experience, includes bolder signage, app interface to navigate shopping, contactless checkout & payment, being installed in 200 stores by end of 01/21, 1,000 by end of 01/22. PR link.

Alphabet(PBR11 $GOOG)’s Google unit Launch Night In event announces new Google TV and Chromecast, latest smart speaker Nest Audio, new smartphones Pixel 4a (5G) and Pixel 5. PR link.

Microsoft(PBR17 $MSFT) and DataDog(NASDAQ: $DDOG) form strategic partnership, DataDog will now be available in the Azure console as a native application to monitor the health and performance of applications in cloud based Azure. DataDog PR link.

Johnson & Johnson(PBR35 $JNJ)’s Janssen Pharmaceuticals unit gets US FDA approval for SIMPONI ARIA® (golimumab) for pediatric use in both active polyarticular juvenile idiopathic arthritis (pJIA) and active psoriatic arthritis (PsA). PR link.

Allstate(PBR71 $ALL) transformation plan will impact approximately 3,800 employees primarily in claims, sales, service and support functions, restructuring charge expected to be around $290 million. PR link.

Dow(PBR75 $DOW) is implementing its 6% workforce cost reduction plan, will result in a charge of $500-600 million, selling its rail infrastructure business for $310 million 3 months ahead of original schedule. PR link.

ConocoPhillips(PBR86 $COP) to resume share repurchases of $1 billion during 4Q20 under its existing authorization. PR link.

Alaska Air(PBR348 $ALK) to offer rapid COVID-19 testing for Hawaii-bound guests in partnership with Carbon Health, starts in the Seattle area, allows customers to avoid 14 day quarantee for testing negative within 72 hours of travel. PR link.

Caesars Entertainment(PBR351 $CZR) to acquire UK based global sports betting and online gaming company with 16,000 employees William Hill PLC(LSE: WMH) for around $3.7 billion, to close in 2H21. PR link.

Genworth Financial(PBR375 $GNW) $5.43/share, $2.7 billion cash acquisition by China Oceanwide extended from 09/30/20 to 11/30/20, Oceanwide in final stages of getting the financing it needs to close the transaction. PR link.

Elanco Animal Health(PBR733 $ELAN) restructuring after acquisition of Bayer Animal Health two months ago, intends to eliminate more than 900 positions across nearly 40 countries, primarily in Sales and Marketing, but also R&D, Manufacturing and Quality, and back office support, will begin to reduce duplication, drive efficiency and optimize the company’s footprint across geographies, particularly Basel, Switzerland. PR link.

S&P Global(PBR437 $SPGI) Non-Executive Chairman Ed Haldeman, Jr, to retire, has been Non-Executive Chairman since 2015, Dick Thornburgh named as successor, effective 10/01/20. PR link.

The US Dept of Commerce/BEA says the 2Q20-3rd Estimate of US Gross Domestic Product Annual Rate is revised from -31.7% to -31.4%, 1Q20 was at -5.0%, 4Q19 +2.2%, 2Q19 +2.0%. USDOC PR link.

The US Dept of the Treasury says the 09/28/20 US National Debt-Public is at $20.904 trillion, Intragovernmental $5.887 trillion, Total US Debt $26.791 trillion, on 08/31/20 it was $26.703 trillion, 07/30/20 $26.525 trillion, 09/30/19 $22.719 trillion. USTreasury PR link.

ADP says the Preliminary September 2020 US Change in Non-Farm Private Employment-Small Businesses is at +192,000, Mid-Sized +259,000, Large +297,000, Total +749,000, August 2020 was at +481,000, July 2020 +218,000, September 2019
164,000. “In September, the majority of sectors and company sizes experienced gains with trade, transportation and utilities; and manufacturing leading the way. However, small businesses continued to demonstrate slower growth.” More details at the ADP link. ADP PR link.

The US Energy Information Administration says the 09/25/20 US Crude Oil Inventories(Millions of Barrels) is at 492.4, 08/21/20 was at 507.8, 07/24/20 526.0, 09/20/19 419.5. USEIA PR link.

The US Federal Reserve Bank of Chicago says the Preliminary August 2020 US 7th District Midwest Economy Index is at +1.59, July 2020 was at -3.58, June 2020 -9.45, August 2019 -0.42. “Index suggests Midwest growth above trend through August.” ChiFed PR link.

Market News International says the September 2020 Chicago Business Barometer(>50=gaining) is at 62.4, the highest since December 2018, August 2020 was at 51.2, July 2020 51.9, September 2019 47.1. MNI PR link.

The American Automobile Assn says the 09/30/20 US Average Price for a Gallon of Regular Gas is at $2.188, 08/31/20 was at $2.233, 07/31/20 $2.189, 09/30/19 $2.654. AAA PR link.

***Tuesday, September 29

JPMorgan Chase(PBR24 $JPM) agrees to pay the US SEC, US Dept of Justice, and US Commodities Futures Commission fines totalling $955 million for fraudulently engaging in manipulative trading of US Treasury securities and for manipulative trading in the precious metals and US Treasuries futures and cash markets in 2015-2016. USSEC PR link.

Target(PBR36 $TGT) announces the return of Target Deal Days on Oct. 13 and 14, will feature nearly 1 million more deals than last year, Black Friday pricing all November long and an extended Price Match Guarantee. PR link.

Walt Disney(PBR49 $DIS) lays off 28,000 workers, 67% part-timers, across its parks, experiences and consumer products division, is in response to effects of closures and partial openings of parks due to the Coronavirus pandemic. PR link.

American Airlines(PBR68 $AAL) to begin offering preflight COVID-19 testing for customers traveling to international destinations, starting with Miami to Jamaica and to the Bahamas and Caribbean Community starting in 10/20, and from Dallas/Ft Worth to Hawaii on 10/15/20. PR link.

Ameriprise(PBR238 $AMP) authorizes an additional $2.5 billion for its share repurchase program, has around $500 million available from previous authorization. PR link.

Vistra Energy(PBR258 $VST) to break ground on nearly 1,000 megawatts of renewables and storage; announces planned retirement of entire Midwest coal fleet. PR link.

Bed Bath & Beyond(PBR276 $BBBY) launches Same Day Delivery at Bed Bath & Beyond and buybuy BABY ahead of the 2020 holiday season. PR link.

NVIDIA(PBR285 $NVDA) and VMWare enter into a broad partnership to deliver both an end-to-end enterprise platform for AI and a new architecture for data center, cloud and edge that uses NVIDIA® DPUs (data processing units) to support existing and next-generation applications. PR link.

Molson Coors(PBR293 $TAP) enters into an exclusive agreement with Coca-Cola(PBR83) to manufacture, market, and distribute Topo Chico Hard Seltzer in the US. PR link.

Peabody Energy(PBR568 $BTU) and Arch Resources(PBR857) joint venture to combine Powder River Basin and Colorado assets is denied by the US Federal Trade Commission. PR link.

Laureate Education(PBR702 $LAUR) has closed on sale of INTI Education Holdings Sdn. Bhd. and its subsidiaries (INTI Education Group), a group of higher education institutions in Malaysia, to HOPE Education Group (Hong Kong) Company Limited, for $140 million. PR link.

The US Dept of Commerce/BEA says the Preliminary 2Q20 US Net International Investment Position-Assets is at $28.873 trillion, Liabilities $41.919 trillion, for a 2Q20 Deficit of $13.046 trillion, 1Q20 Deficit was at $12.163 trillion, 4Q19 Deficit $11.051 trillion, 2Q19 Deficit $10.488 trillion. USDOC PR link.

S&P/CoreLogic/Case-Shiller says the Preliminary July 2020 US Natl Home Price Index(01/2000=100) is at 221.64, June 2020 was at 219.92, May 2020 218.66, July 2019 211.52. “In previous months, we’ve noted that a trend of accelerating increases in the National Composite Index began in August 2019. That trend was interrupted in May and June, as price gains decelerated modestly, but now may have resumed. Obviously more data will be required before we can say with confidence that any COVID-related deceleration is behind us.” Case-Shiller PR link.

The Conference Board says the Preliminary September 2020 Consumer Confidence Index(1985=100) is at 101.8, August 2020 was at 86.3, July 2020 91.7, September 2019 126.3. “A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence. Consumers also expressed greater optimism about their short-term financial prospects, which may help keep spending from slowing further in the months ahead.” TCB PR link.

***Monday, September 28

PBRMarketTools profiles Encompass Health Corp(NYSE: $EHC), a leading provider of inpatient rehabilitation and home-based care, ranked 570 by revenues on The PBR1000EHC Summary page.

Amazon(PBR2 $AMZN) sets its Amazon Prime Day for 10/13-14/20, is investing an additional $100 million in special Prime Day and holiday promotional programs. PR link.

Pfizer(PBR63 $PFE) gets US FDA approval for XELJANZ® (tofacitinib) for the treatment of children and adolescents 2 years and older with active polyarticular course juvenile idiopathic arthritis (pcJIA). PR link.

United Airlines(PBR74 $UAL) and its pilots agree on schedule reductions to avoid nearly 3,000 furloughs. PR link.

Tesla(PBR118 $TSLA) CEO Elon Musk is forecasting 30 million electric vehicles to be sold through 2027, says 20 million will be Teslas. Barron’s PR link.

CarMax(PBR156 $KMX) restarts its previously authorized share repurchase program, was suspended in 04/20 during uncertainty of Coronavirus pandemic, has $1.51 billion available. PR link.

Uber(PBR224 $UBER) gets 18-month London license after winning court appeal. Associated Press PR link.

MGM Resorts(PBR241 $MGM) BetMGM becomes the first sports betting platform for the NFL Tennessee Titans team, also the state’s first official partnership between a professional sports team and sports betting platform. PR link.

Universal Health(PBR270 $UHS) statement says its IT network is offline due to an IT security issue, manual backup processes being utilized. PR link.

Caesars Entertainment(PBR351 $CZR) has commenced an underwritten public offering of 30,000,000 shares of its common stock, expects to use the net proceeds for general corporate purposes, including, potentially, the possible cash offer William Hill plcPR link.

Caesars Entertainment(PBR351 $CZR) issues US SEC filing disclosing offer of $3.7 billion for UK based William Hill, needs stockholders approval, expected to close in 2H21. PR link.

Frontier Communications(PBR374 $FTRCQ) intends to offer $1.150 billion aggregate principal amount of First Lien Secured Notes due 2027 in a private transaction as part of Chapter 11 reorganization plan. PR link.

Devon Energy(PBR458 $DVN) and WPX Energy(NYSE: WPX) agree to an all-stock merger of equals, will result in an enterprise value for the combined entity of approximately $12 billion, will be called Devon Energy, builds a dominant Delaware Basin acreage position totaling 400,000 net acres, to close in 1Q21. PR link.

Cleveland-Cliffs(PBR900 $CLF) to acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion, Cleveland-Cliffs will become the largest flat-rolled steel producer in N America, with combined shipments of approximately 17 million net tons in 2019, will also be the largest iron ore pellet producer in N America, with 28 million long tons of annual capacity. PR link.

Vista Outdoor(PBR938 $VSTO) wins Chapter 11 auction bid for certain assets of Remington Outdoor, including ROC’s ammunition manufacturing facility in Lonoke, Arkansas and related intellectual property, including the Remington brand and trademarks, for $81.4 million. PR link.

United Natural Foods(PBR147 $UNFI) CEO Steven Spinner to retire as CEO and become Executive Chairman on 07/31/20, or earlier upon the appointment of a successor. PR link.

***Friday, September 25

The PBRMarketTools US Stock Exchanges Recap for Week 39 ending 09/25/20:

DJIA ends Week 39 at 27,173.96, -1.75% from last Friday, -4.42% MTD, +5.27% QTD, -4.78% YTD, -8.05% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 39 at 10,913.56, +1.11% from last Friday, -7.32% MTD, +8.50% QTD, +21.63% YTD, -9.48% from record 12,056.44 set 09/02/20.

SPX ends Week 39 at 3,298.46, -0.63% from last Friday, -5.77% MTD, +6.39% QTD, +2.09% YTD, -7.89% from record 3,580.84 set 09/02/20.

The Week 39 of 2020 News Summary: Throughout the week the main topic was the legacy of longtime Supreme Court Associate Justice Ruth Bader Ginsburg, her life as a woman, wife, mother, lawyer, academic and jurist, who passed away last Friday. While not everyone agreed with her philosophies and points of view, she clearly had an impact on American society, was articulate and logical in her way of thinking, and highly respected for her willingness to be front and center as an advocate for women and those in unfortunate circumstances. In a controversial move, President Trump has announced that he will name a candidate to take her seat tomorrow, Saturday, that it will be a woman, surely a conservative, and it appears that with a Republican Senate the individual selected could get through the process and be confirmed in record time before the November 3rd Presidential Election date. The Coronavirus Pandemic continues to be prominent in the news as well. The Coronavirus Pandemic tallies as of today at 04:23PM Eastern US by the John Hopkins University CSSE unit is now 32,406,883 confirmed cases globally with 985,791 deaths, an increase of 37,424 from last Friday. For the US it’s 7,027,910 confirmed cases and 203,571 deaths, an increase of 5,265, and another slight downward trend from last Friday. Promising Phase 3 vaccine trials continue from a variety of pharmaceutical companies, initial results should be available in the next few weeks. Schools and universities continue to be challenged on finding the best way forward for effective learning and realizing they also have a big role in social and behavior development. Some major university conferences have announced that there will be a shortened fall football season and basketball will start as originally planned, as well as other sports. Adjustments include frequent testing of athletes and playing in empty stadiums. Shifting to international trade news, it appears that an Oracle/Walmart partnership to takeover the US version of China’s TikTok is acceptable by the US government, but comments from China indicate they are not so agreeable to the deal. US economic news was again mixed. Existing and New Home Sales are at high levels and mortgage rates continue to be near record lows. However, weekly initial unemployment claims continue to be higher than expected. The US Federal Reserve has indicated it has done what it needs to do, it is now up to Congress to provide a helpful stimulus package. A federal government spending bill was passed in the House, is expected to clear the Senate and get President Trump’s signature, and kicks the spending issue can down the road to mid December. Storms continue to pound the Gulf Coast causing widespread damage. The grand jury decision not to indict the law enforcement officers involved in the tragic accidental killing of Breonna Taylor has again stirred up strong emotions across the US. The US Presidential Election is revving up. President Trump has expressed his concern that voting by mail has a lot of dangerous pitfalls. He also has presented a healthcare plan with a key provision being that pre-existing conditions should be accepted, promises lower drug costs, and eliminates late billing. Candidate former VP Biden is countering that President Trump has blown the Coronavirus Pandemic and is just a dysfunctional bad guy that needs to be booted out of the White House. We could go on and on for both sides. The first US Presidential Election Debate is scheduled for next Tuesday, September 29. The US stock exchanges had a roller coaster week. The Stock Market Bear attacked early and viciously on Monday with much effect, The Stock Market Bull countered on Tuesday, The Bear come back even stronger on Wednesday, The Bull came out above even on Thursday, and took Friday in a big way. 11 of 15 sessions across the 3 major US exchanges varied by more than 1% up or down from the previous day. The result is that Week 39 ended mixed, with The Stock Market Bear holding a slim 2-1 edge as the S&P500 could have gone either way. There will be a lot of news next week, news junkies will be delighted, and there will be a lot of loud noises heard across the land. Surround your La-Z-Boy with lots of snacks and beverages and batteries for your bullhorn.

The Week 39 of 2020 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 16 weeks
Mixed Results: 5 weeks

Apple(PBR4 $AAPL)’s European Court ruling in its favor over whether or not it has a $15.2 billion tax bill is being appealed to the EU’s highest court. MarketWatch PR link.

Alphabet(PBR11 $GOOG) settles shareholder suits over sexual harassment claims, commits to more oversight by the Board and to spend $310 million over the next decade on corporate diversity programs. New York Times PR link.

Spirit AeroSystems(PBR385 $SPR) $420 million acquisition of ASCO is terminated by mutual agreement with no penalties to be paid. PR link.

Herbalife(PBR544 $HLF) group of 44 high level distributors being sued for deceiving new recruits. Barron’s PR link.

Apollo Global Mgmt(PBR760 $APO) and Caesars Entertainment(PBR351 $CZR) have made cash offers to acquire UK based sports betting company William HillWilliam Hill PR link.

***Thursday, September 24

Target(PBR36 $TGT) says during 1H20 it had 10+ million new guests shopping on Target.com and same-day fulfillment options quadrupled, outlines plans for staffing for holiday season. PR link.

CarMax(PBR156 $KMX) completes its omni-channel rollout of used car buying online and in-store, largest retailer of used cars, has 55,000 used cars in stock. PR link.

Harley-Davidson(PBR511 $HOG) provides update on restructuring program, exiting the India market business, will affect 70 employees. PR link.

Curtiss-Wright(PBR824 $CW) to acquire privately held Portland, OR based 145 employees tactical communications solutions for battlefield network management provider PacStar for $400 million, to close in 4Q20. PR link.

The US Dept of Labor says the Week Ending 09/19/20 US Initial Jobless Insurance Claims are at 870,000, 08/22/20 was at 1,006,000, 07/25/20 1,434,000, 09/21/29 213,000; 09/12/20 Total Insured Unemployment is at 12,580,000, 08/15/20 was at 14,535,000, 07/18/20 17,018,000, 09/14/19 1,650,000. USDOL PR link.

The US Dept of Commerce/HUD says the Preliminary August 2020 US New Family Home Sales Annual Rate is at 1,011,000, July 2020 was at 965,000, June 2020 841,000, August 2019 706,000; August 2020 Median New Home Sales Price is at $312,800, July 2020 was at $327,800, June 2020 $337,700, August 2019 $327,000, August 2020 Months Supply is at 3.3 months. USDOC PR link.

FreddieMac says the 09/24/20 Average 30 Year Fixed Home Mortgage Rate is at 2.90% with 0.8 fees & points, 08/27/20 was at 2.91%, 07/30/20 2.99%, 09/26/19 3.64% with 0.6 fees & points. “While there is room for rates to decrease even more, higher home prices and low inventory could potentially stifle the high demand that we’ve been seeing.” FreddieMac PR link.

***Wednesday, September 23

Walmart(PBR1 $WMT) to hire 20,000+ seasonal associates in its eCommerce fulfillment centers across the US, including order fillers and power equipment operators, that begin at a starting hourly rate ranging from $15.75 up to $23.75 based on location, position and schedule. PR link.

Johnson & Johnson(PBR35 $JNJ)’s Janssen Pharmaceuticals unit launches its large-scale, pivotal, multi-country Phase 3 trial (ENSEMBLE) for its COVID-19 vaccine candidate, JNJ-78436735, will enroll up to 60,000 volunteers 18 years and older across three continents, remains on track to meet its goal of providing one billion doses of a vaccine each year, goal is to deliver a vaccine for emergency use authorization in early 2021. PR link.

Tesla(PBR118 $TSLA) 2020 Annual Meeting and Battery Day Event was held on 09/22/20, see video at the link. Annual Meeting at 00:41:00, Elon Musk’s Company Update and Year in Review at 01:06:00, Battery Day Event starts at 01:40:00. PR link.

Dollar Tree(PBR126 $DLTR) resumes share repurchase program suspended in March, has around $800 million available. PR link.

LabCorp(PBR262 $LH) launches Resolution ctDx Lung™, a fast and accurate liquid non-invasive biopsy test from a standard blood sample for patients with non-small cell lung cancer (NSCLC) that was developed and will be run in partnership with Resolution BiosciencePR link.

Baxter(PBR272 $BAX) gets US FDA approval for of Clinimix and Clinimix E with higher protein for patients requiring parenteral nutrition. PR link.

ConAgra Brands(PBR281 $CAG)’s Gardein brand debuts five new Gardein Soups, the first-ever line-up of soups featuring plant-based meat alternatives. PR link.

JM Smucker(PBR387 $SJM) unveils an updated corporate identity to better reflect its diverse portfolio including leading brands in the coffee, pet food, pet snacks, peanut butter and snacking categories. PR link.

KKR(PBR612 $KKR) to acquire 1-800 Contacts, the largest retailer of contacts in the US, from AEA Investors, terms not disclosed. PR link.

Pilgrim’s Pride(PBR268 $PPC) CFO/Interim President/CEO Fabio Sandri is appointed President/CEO effective immediately, search for new CFO starts, succeeds Jayson Penn who is no longer with the company. PR link.

The New York Times(PBR929 $NYT) Board Chairman Arthur Ochs Sulzberger Jr. to retire on 12/31/20 as Chairman Emeritus, Times publisher A.G. Sulzberger to become Chairman on 01/01/21. PR link.

***Tuesday, September 22

Walmart(PBR1 $WMT) is piloting drone delivery of at-home COVID-19 self-collection kits in partnership with Quest Diagnostics(PBR392 $DGX) and drone services provider DroneUp, will start in N Las Vegas, NV now, Cheektowaga, NY in early 10/20. PR link.

Lithia Motors(PBR245 $LAD) enters Tennessee market with acquisition of Knoxville, TN based Jim Cogdill CJDR, will add about $90 million/year in revenue. PR link.

DTE Energy(PBR246 $DTE), Consumers Energy, and 4 other energy companies to develop a network for electronic vehicles of Direct Current Fast Chargers on Midwest interstates by 2022. PR link.

Spirit AeroSystems(PBR385 $SPR) says it has reduced its workforce by around 6,000 since 01/20 because of declining aircraft orders, does not believe its $420 million acquisition of ASCO will meet the October deadline and will let the deal automatically terminate rather than extend the close by date. PR link.

Party City(PBR847 $PRTY) to hire approximately 20,000 temporary employees and open approximately 25 Halloween City pop-up stores for the Halloween season. PR link.

The US Federal Reserve in its Z1 report(Table B101e) says that the Preliminary 2Q20 Networth of Households & Non-Profits is at $118.955 trillion, 1Q20 was at $111.348 trillion, 4Q19 $118.577, 2Q19 $113.956 trillion. USFed PR link.

The Natl Assn of Realtors says the Preliminary August 2020 Existing Home Sales Annual Rate is at 6,000,000 units, July 2020 was at 5,860,000, August 2019 5,430,000; the August 2020 Median Price is at $310,600, July 2020 was at $304,100, August 2019 278,800. More details at the NAR link. NAR PR link.

The US Federal Reserve Bank of Philadelphia says the September 2020 3rd District Non-Manufacturing Current General Activity Index is at +8.0, August 2020 was at +1.6, July 2020 +0.7, September 2019 +10.3. “The respondents expect overall improvement in conditions over the next six months.” PhillyFed PR link.

The US Federal Reserve Bank of Richmond says the September 2020 US 5th District Manufacturing Index(Annualized) is at +21%, August 2020 was at +18%, July 2020 +10%, September 2019 -9%. “Overall, respondents were optimistic that conditions would continue to improve in the next six months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the September 2020 US 5th District Service Sector Revenue Index(Annualized) is at +6%, August 2020 was at +2%, July 2020 -14%, September 2019 +6%. “In general, contacts were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

***Monday, September 21

Walmart(PBR1 $WMT) and Oracle(PBR80 $ORCL) get US tentative approval to become investors, Walmart at 7.5%, Oracle 12.5%, in new US based company TikTok Global, 4 out of 5 Board members will be Americans, including Walmart’s CEO, majority of stock will be owned by Americans, Oracle to provide secure US based cloud based processing, Walmart will bring its omnichannel retail capabilities including its Walmart.com assortment, eCommerce marketplace, fulfillment, payment and measurement-as-a-service advertising service, will create 25,000 jobs in the US, pay $5+ billion in taxes to US Treasury. PR link.

Walmart(PBR1 $WMT) introduces its new women and men’s fashion brand Free Assembly, Fall collection will include more than 30 items for women and 25 items for men, all priced between $9 and $45. PR link.

Microsoft(PBR17 $MSFT) to acquire 2,300 employees ZeniMax Media, the parent company of Bethesda Softworks, one of the largest, privately held game developers and publishers in the world, for $7.5 billion cash, to close in 2H21. PR link.

GE(PBR33 $GE) to exit the new build coal power market, to focus on and invest in its core renewable energy and power generation businesses. PR link.

Toll Brothers(PBR410 $TOL) midway through fiscal year 4Q20 net signed contracts increased 110% year-over-year to 1,678 homes, compared with 800 homes for the same period in FY 2019. PR link.

Ascena Retail(PBR502 $ASNAQ) restructuring plan on track, expects to emerge from Chapter 11 after Bankruptcy Court hearing on 10/23/20. PR link.

Tiffany(PBR592 $TIF) gets Delaware Court decision to proceed with trial against LVMH over LVMH’s deciding not to acquire Tiffany for $135/share, $16.2 billion, trial scheduled for 4 days starting 01/05/21. PR link.

Tiffany(PBR592 $TIF) proposed $135/share $16.2 billion acquisition by LVMH trial in Delaware Court gets comment from LVMH that it is convinced there was a Material Adverse Affect through Tiffany mismanagement of the COVID-19 crisis that nullifies the acquisition. -LVMH PR link.

Illumina(PBR666 $ILMN) to acquire multi-cancer early detection healthcare company GRAIL for $8 billion, $3.5 billion in cash & $4.5 billion in stock, to close in 2H21. PR link.

Designer Brands(PBR714 $DBI)’s DSW opens 2 DSW shops with 1,200 sf in Hy-Vee grocery stores in Minneapolis, MN, expects to have 6 by end of the month, more planned for 2021. CNN PR link.

Cubic Corp(PBR962 $CUB) adopts limited duration shareholder rights plan, expires 09/19/21, in response to Elliott Management that it has acquired 15% of Cubic’s stock, and interested in acquiring Cubic. PR link.

Roku(PBR994 $ROKU) in partnership with Comcast(PBR28)’s NBCUniversal making the Peacock streaming service available on the Roku platform and its around 100 million users. PR link.

PepsiCo(PBR51 $PEP) former CEO Don Kendall passes away at 99, was the architect of the PepsiCo family. PR link.

Veritiv(PBR394 $VRTV) Chairman/CEO Mary A. Laschinge to retire effective 09/30/20, Board member Steve Macadam to become Chairman, COO Sal Abbate to become CEO. PR link.

The US Federal Reserve Bank of Chicago says the Preliminary August 2020 US National Activity Index is at +0.79, July 2020 was at +2.54, June 2020 +5.84, August 2019 +0.16. “Index suggests slower, but still above-average growth in August.” ChiFed PR link.

***Friday, September 18

The PBRMarketTools US Stock Exchanges Recap for Week 38 ending 09/18/20:

DJIA ends Week 38 at 27,657.42, -0.03% from last Friday, -2.72% MTD, +7.15% QTD, -3.09% YTD, -6.41% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 38 at 10,793.28, -0.56% from last Friday, -8.34% MTD, +7.30% QTD, +20.29% YTD, -10.48% from record 11,775.46 set 08/31/20.

SPX ends Week 38 at 3,319.47, -0.64% from last Friday, -5.17% MTD, +7.07% QTD, +2.75% YTD, -7.30% from record 3,508.01 set 08/28/20.

The Week 38 of 2020 News Summary: There is a weariness about the Coronavirus Pandemic being the major headline day in and day out internationally and in the US, and this week saw the rise of several other items of interest. But first, the Coronavirus Pandemic tallies as of today at 01:22PM Eastern US by the John Hopkins University CSSE unit is now 30,316,394 confirmed cases globally with 948,367 deaths, an increase of 36,125 from last Friday. For the US it’s 6,710,585 confirmed cases and 198,306 deaths, an increase of 5,370, and a slight downward trend from last Friday. Counts in Europe are going up and governments are trying to figure out how to respond. Prospective vaccines are in test trials and results should be coming out in the next few weeks, US President Trump insists a vaccine will be available by the end of October, logistics channels are being defined and set up. Schools and universities are still trying to figure out the optimum way to open up their campuses and classrooms and provide effective online learning options as well. In a change, The Big 10 announced it will play football this fall, with 8 game seasons, other conferences are considering this as well. For international news Israel, United Arab Emirates, Bahrain, and the US signed the historic Abraham Accord, and now will start establishing embassies and trade agreements. Japan’s Prime Minister Shinzo Abe has officially resigned for health reasons and his right hand man Yoshihide Suga has been named the new Prime Minister. An acceptable deal for the US part of China based TikTok has not produced a buyer yet, and an order has been issued to stop the service in the US soon, creating some interesting tensions between the US and China and technology firms. The 2020 US Presidential and General Elections are heating up as the amount of TV and media outlets ramp up to unprecedented levels, and featuring a lot of “the other candidate is the worst possible, vote for me.” Hurricane Sally hit the Gulf Coast with a lot of high winds and rain, creating floods and major destruction. The wildfires in California, Oregon and Washington continue to rage killing people, destroying property, and causing havoc for many. Economic news continues to be mixed, with the primary news coming from the Federal Reserve Open Meeting Committee keeping short-term interests rates at 0.00-0.25% as expected, saying it will probably stay that way through 2023, and not offering much else to help stir the economy. Manufacturing indices were up a bit, as were retail sales, initial jobless claims were down a bit but still high, and business and consumer sentiment surveys were cautiously optimistic. However, the international trade deficit has increased significantly. There were a lot of technology initial public offerings this week, and more planned in the coming weeks, results were generally stock prices above the initial asking price. The Stock Market Bull had a great Monday and a good Tuesday, and decided to take a celebratory roll in the pasture grass. The Stock Market Bear saw his openning and took Thursday, and in what seemed to be an improbable result a tech sell-off was strong enough to erase the significant lead at the start of the week. The Stock Market Bear did a mighty growl of delight that reverbrated throughout the pasture at his Week 38 3-0 snatching victory from defeat, his 3rd win week in a row. Be prepared for a lot of action next week!

The Week 38 of 2020 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 16 weeks
Mixed Results: 4 weeks

Hertz(PBR315 $HTZ) plan to pay top managers up to $14.6 million in bonuses after they collected $16.2 million in additional bonuses days before the rental car company filed for bankruptcy is rejected by bankruptcy judge who says they must revise the plan. MarketWatch PR link.

The Conference Board says the Preliminary September 2020 Leading Economic Index(2016=100) is at 106.5, August 2020 was at 105.3, July 2020 103.3, September 2019 111.6. “… the slowing pace of improvement suggests that this summer’s economic rebound may be losing steam heading into the final stretch of 2020, … Despite the improvement, the LEI remains in recession territory, still 4.7 percent below its February level. Weakening in new orders for capital goods, residential construction, consumers’ outlook, and financial conditions point to increasing downside risks to the economic recovery. Looking ahead to 2021, the LEI suggests that the US economy will start the new year under substantially weakened economic conditions.” TCB PR link.

The U of Michigan Preliminary September 2020 US Consumer Sentiment Index is at 78.9, August 2020 was at 74.1, July 2020 72.5, September 2019 93.2. “… there are two factors that could cause volatile shifts and steep losses in consumer confidence: how the election is decided and the delays in obtaining vaccinations. While the end of the recession will depend on these non-economic factors, the hardships endured by consumers can only be offset by renewed federal relief payments.” UMichigan PR link.

The US Dept of Commerce/BEA says the Preliminary 2Q20 US Exports of Goods, Services, Income Receipts is at $688.0 billion, 1Q20 was at $897.2 billion, 2Q19 $953.9 billion; 2Q20 US Imports of Goods, Services, Income Payments is at $858.5 billion, 1Q20 was at $1,008.7 billion, 2Q19 $1,081.6 billion; 2Q20 Deficit is at $170.5 billion, 1Q20 Deficit was at $111.5 billion, 2Q19 $127.7 billion. “This is the largest deficit recorded since the third quarter of 2008 when it was $178.2 billion.” USDOC PR link.

The US Federal Reserve Bank of New York releases the September 2020 US Economy in a SnapshotNYFed PR link.

The US Dept of Commerce issues an order prohibiting China based apps WeChat and TikTok transactions to protect the national security of the US, effective 09/20/20, TikTok has until 11/12/20 to resolve issues to prevent further restrictions. USDOC PR link.

***Thursday, September 17

PBRMarketTools profiles the largest US competitive residential electricity provider, Vistra Energy(NYSE: VST), ranked 258 by revenues on The PBR1000. More on the VST Spotlight page.

Ford(PBR12 $F) begins production at the Dearborn, MI Ford Rouge Center of the all-new F-150 pickup, to be available in November, investing $700 million to construct the Rouge Electric Vehicle Center where it will build the all-electric F-150 by mid 2022. PR link.

MetLife(PBR48 $MET) to acquire Versant Health, which owns well-established marketplace vision insurance brands Davis Vision and Superior Vision, from an investor group led by Centerbridge Partners and including FFL Partners for approximately $1.675 billion cash, to close in 4Q20. PR link.

Delta(PBR66 $DAL) says 40,000+ employees voluntarily signed up for short- and long-term unpaid leaves of absence, ground-based employees have taken 25% reduction in hours, 20% of employees have taken early retirement and departure plans, will be able to avoid involuntary furloughs for flight attendants and ground-based US frontline employees. PR link.

Eli Lilly(PBR139 $LLY) and Amgen(PBR179 $AMGN) announce a global antibody manufacturing collaboration to significantly increase the supply capacity available for Lilly’s potential COVID-19 therapies, will have the ability to quickly scale up production and serve more patients around the world should one or more of Lilly’s antibody therapies prove successful in clinical testing and receive regulatory approval. PR link.

Carnival Corp(PBR153 $CCL)’s P&O Cruises, which primarily serves the UK market, cancels all sailings until early 2021. PR link.

MGM Resorts(PBR241 $MGM) BetMGM service becomes first official betting partner for the Las Vegas Raiders football team in expansion of partnership. PR link.

Quest Diagnostics(PBR392 $DGX) offers QuestDirect, allows individuals to purchase a test to diagnose COVID-19 online, without visiting a doctor’s office, specimen collection available at-home or at one of more than 500 Walmart(PBR1 $WMT) Neighborhood Market drive-thru pharmacy locations across the US, price is $119.00 plus $9.30 physician fee. PR link.

Palo Alto Networks(PBR767 $PANW) completes $265 million cash acquisition of The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm. PR link.

Meritage Homes(PBR655 $MTH) Co-founder/President/CEO Steven Hilton to retire as CEO after 35 years, will become Executive Chairman, effective 01/01/21, COO Phillippe Lord to become CEO at that time. PR link.

The US Dept of Labor says the 2Q20 US Employee Costs-Salaries & Wages/Hour is at $26.17, Benefits $12.04, Total $38.21, 1Q20 was at $37.73, 4Q20 $37.10, 2Q19 $36.60. USDOL PR link.

The US Dept of Commerce/HUD says the Preliminary August 2020 US Building Permits Issued-Private Housing Annual Rate is at 1,470,000, July 2020 was at 1,483,000, June 2020 1,258,000, August 2019 1,471,000. Starts and Completions are at the link. USDOC PR link.

The US Federal Reserve Bank of Philadelphia says the September 2020 US 3rd District Manufacturing General Activity Indicator is at +15.0, August 2020 was at +17.2, July 2020 +24.1, September 2019 +12.2. “Nearly all of the future indexes increased, suggesting more widespread optimism among firms about growth over the next six months.” PhillyFed PR link.

***Wednesday, September 16

General Motors(PBR18 $GM) says its next-generation EVs(electric vehicles) are expected to be powered by a family of five interchangeable drive units and three motors, known collectively as “Ultium Drive.” PR link.

Facebook(PBR47 $FB) announces Oculus Quest 2 – the next generation of all-in-one Virtual Reality(VR), starts at $299. PR link.

Carnival Corp(PBR153 $CCL) announces new fall weekly AIDA Italian cruises starting 10/17/20. Cruise Industry News PR link.

Kohl’s(PBR159 $KSS) discloses that it has reduced corporate positions by approximately 15% in response to the COVID-19 pandemic. PR link.

Tractor Supply(PBR363 $TSCO) celebrates the opening of its 1,900th store, located in Oakhurst, CA. PR link.

Raymond James(PBR390 $RJF) to lay off 4% of its workforce, 500+ employees, in response to COVID-19 pandemic, none will be financial advisors. Tampa Bay Times PR link.

The Eastman Kodak(PBR983 $KODK) independent special committee completes its review of the recent activity by the Company and related parties in connection with the announcement of a potential $765 million loan by the US International Development Finance Corporation to support the launch of Kodak Pharmaceuticals, determines there was no illegal insider trading involved. PR link.

GoPro(PBR990 $GPRO) announce new camera HERO9 Black, includes a new sensor that delivers 5K video and 20 megapixel photos, next-generation HyperSmooth 3.0 video stabilization with in-camera horizon leveling, a new front-facing display, a larger rear display, 30% more battery life, and a Max Lens Mod accessory that brings Max HyperSmooth video stabilization and Max SuperView ultra wide-angle photo and video to HERO9 Black, starts at $349.98 for GoPro subscribers, $449.99 for non-subscribers. PR link.

Veeva Systems(PBR997 $VEEV) has formed a board committee to explore becoming a public benefit corporation (PBC). PR link.

The US Federal Reserve Open Market Committee completes its 2 day meeting, says, “The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.” FOMC PR link.

The US Dept of Commerce/Census says the Preliminary July 2020 US Sales-Manufacturers is at $479.5 billion, Wholesalers $482.4 billion, Retailers $479.2 billion, Total $1,441.1 billion, June 2020 was at $1,396.2 billion, May 2020 $1,285.8 billion, July 2019 $1,458.2 billion.
USDOC PR link.

The US Dept of Commerce/Census says the Advance August 2020 US Sales-Retail are at $482.9 billion, Food Services & Drinking Places $54.6 billion, Total $537.5 billion, July 2020 was at $534.6 billion, June 2020 $530.0 billion, August 2019 $524.1 billion. USDOC PR link.

The Natl Assn of Home Builders/Wells Fargo Preliminary September 2020 Housing Market Composite Index is at a record high of 83, August 2020 was at 78, July 2020 72, September 2019 68. “Historic traffic numbers have builders seeing positive market conditions, but many in the industry are worried about rising costs and delays for building materials, especially lumber,” said NAHB Chairman Chuck Fowke. “More domestic lumber production or tariff relief is needed to avoid a slowdown in the market in the coming months.” NAHB/WF PR link.

***Tuesday, September 15

Amazon(PBR2 $AMZN) launches Luxury Stores, offers both established and emerging luxury fashion and beauty brands, Oscar de la Renta unveils the first store featuring its Pre-Fall and Fall/Winter 2020 collections, inclusive of ready-to-wear, handbags, jewelry, accessories, and a new perfume, with childrenswear coming soon, more brands will launch within Luxury Stores in the coming weeks and seasons. PR link.

Apple(PBR4 $AAPL) releases new versions of Apple Watch, iPads, and subscription services. PR link.

Facebook(PBR47 $FB) announces a new Climate Science Information Center to connect people with science-based information. PR link.

Pfizer(PBR63 $PFE) in its 2 day virtual investor day says it has 89 pipeline projects spread across 6 targeted therapeutic areas with 4 programs in registration and 23 in Phase 3. PR link.

T-Mobile US(PBR70 $TMUS) and American Tower(PBR397) sign 15 year deal, will allow TMUS to expand its 5G network. PR link.

ViacomCBS(PBR104 $VIAC)’s CBS All Access to be rebranded as Paramount+ in early 2021 as its global streaming service. PR link.

Kraft Heinz(PBR117 $KHC) to sell its Natural, Grated, Cultured and Specialty cheese businesses to a US affiliate of Groupe Lactalis for $3.2 billion, will retain the Philadelphia Cream Cheese, Kraft Singles, Velveeta Processed Cheese and Cheez Whiz Processed Cheese businesses in the US and Canada, the Kraft, Velveeta and Cracker Barrel Mac & Cheese businesses worldwide, and the Kraft Sauces business worldwide, to close in 1H21. PR link.

Union Pacific(PBR143 $UNP) celebrates 150 years on the NY Stock Exchange, is the largest publicly traded railroad. PR link.

Carnival Corp(PBR153 $CCL) says it lost $2.9 billion in 3Q20, has $8.2 billion in reserves, 18 less efficient ships have left or are leaving the fleet, some operations have re-opened. Cruise Industry News PR link.

Dick’s Sporting Goods(PBR350 $DKS) partners with Under Armour(PBR520 $UA) to launch a women’s engineered basketball shoe, the UA HOVR Breakthru. PR link.

Fortive(PBR405 $FTV) expects completion date of 10/09/20 for spin-off of Vontier, will trade as NYSE: VNT. PR link.

RR Donnelley(PBR456 $RRD) to sell its $530 million in revenues for year ending 06/30/20 DLS Worldwide Logistics business to TFI International(NYSE and TSX: TFII) for $225 million in cash, to close within 60 days. PR link.

ServiceMaster(PBR887 $SERV) to change its name to Terminix Global Holdings, change its trading symbol from SERV to NYSE: TMX upon closing of the sale of its ServiceMaster Brands segment to Roark Capital, expected within 30 days, and Brett Ponton starts as CEO effective today, interim CEO Naren Gursahaney will continue his role as non-Executive Chairman. PR link.

Sirius XM Radio(PBR388 $SIRI) CEO Jim Meyer to retire on 12/31/20, will become Vice Chairman, President of Sales, Marketing and Operations Jennifer C. Witz to become new CEO. PR link.

The US Dept of Labor says the Preliminary August 2020 US Import Prices Monthly Index Change is at +0.9%, July 2020 was at +1.2%, June 2020 +1.4%, August 2019 -0.6%; the August 2020 US Export Prices Monthly Index Change is at +0.5%, July 2020 was at +0.9%, June 2020 +1.8%, August 2019 -0.6%; the August 2020 Year-to-Year Import Prices Index Change is at -1.4%, Export Prices -2.8%USDOL PR link.

The US Federal Reserve says that the Preliminary August 2020 US Factory Capacity Utilization is at 71.4%, July 2020 was at 71.1%, June 2020 68.7%, August 2019 77.8%. Production data is at the link. PR link.

The US Federal Reserve Bank of New York says the September 2020 Empire State Manufacturing General Business Conditions Index is at +17.0, August 2020 was at +3.7, July 2020 +17.2, September 2019 +2.2. “… firms remained optimistic that conditions would improve over the next six months.” PR link.

The US Census Bureau says the median household income in 2019 increased 6.8% from 2018 to $68,703, the official poverty rate decreased 1.3 percentage points to 10.5%, and 92% of the population had health insurancePR link.

***Monday, September 14

Amazon(PBR2 $AMZN) is hiring an additional 100,000 regular employment opportunities throughout the US and Canada on top of the 33,000 Corporate and Technology jobs announced last week, roles offer a starting wage of at least $15 per hour, full benefits, and in select cities offering sign-on bonuses up to $1,000. PR link.

Microsoft(PBR17 $MSFT) says it’s not acquiring TikTok after ByteDance rejects offer. TheVerge PR link.

Verizon(PBR20 $VZ) to acquire largest reseller of wireless services in the US, serving approximately 21 million subscribers through a network of over 90,000 retail locations nationwide Tracfone from America Movil for up to $6.9 billion cash and stock, to close in 2H21. PR link.

Facebook(PBR47 $FB) buys REI’s new HQ for $367.6 million, expanding Seattle-area footprint beyond 3 million sf, will house 2,300 employees, REI deciding to decentralize, is in addition to other Facebook facilities in the area. GeekWire PR link.

Pepsi(PBR51 $PEP) launching the de-stressing and relaxation-promoting Driftwell, calorie- and sugar-free noncarbonated water, flavored with a hint of blackberry and lavender, contains 200 milligrams of L-theanine and 10% of the daily value of magnesium, to go on sale online in 12/20, SRP $17.99/10 pack. Fast Company PR link.

Pfizer(PBR63 $PFE) and BioNTech SE(NASDAQ: BNTX) have submitted an amended protocol to the US Food and Drug Administration to expand the enrollment of their Phase 3 pivotal COVID-19 vaccine trial to up to approximately 44,000 participants which also allows for the enrollment of new populations, expects that a conclusive readout on efficacy is likely by the end of 10/20. PR link.

Merck(PBR67 $MRK) to make up to a $4.2 billion investment in Seattle Genetics(NASDAQ: SGEN) to co-develop and commercialize some cancer therapies being developed. PR link.

Dow(PBR75 $DOW) to divest US Gulf Coast marine and storage terminal operations and assets at Dow’s sites in Plaquemine and St. Charles, Louisiana, and Freeport, Texas to Vopak Industrial Infrastructure Americas, a joint venture of Royal Vopak and BlackRock’s Global Energy & Power Infrastructure Fund, for $620 million, to close in 4Q20. PR link.

Oracle(PBR80 $ORCL) reportedly wins deal for TikTok’s US operations as ‘trusted tech partner’. TheVerge PR link.

ViacomCBS(PBR104 $VIAC) selling its digital brands CNET Media Group to Red Ventures for $500 million. PR link.

Gilead Sciences(PBR134 $GILD) to acquire next-generation antibody-drug conjugate (ADC) technology for hard to treat cancers developer Immunomedics(NASDAQ: IMMU) for $88.00/share in cash, approximately $21 billion. PR link.

CenturyLink(PBR137 $CTL) to change its name to Lumen Technologies, Inc. PR link.

L Brands(PBR240 $LB) announces joint venture with Next PLC (LON: NXT), for its company-owned 500+ employees Victoria’s Secret business in the UK and Ireland, next will own 51%, manage and operate the stores, UK ecommerce to be folded into partnership in 2021, terms not disclosed. PR link.

MGM Resorts(PBR241 $MGM) will have all properties open after re-openings of Park MGM and Nomad Las Vegas on 09/30/20, both to be The Strip’s first fully smoke-free casino resorts. PR link.

Navistar(PBR274 $NAV) says revised acquisition by TRATON SE for $43/share significantly undervalues company but represents a starting point to have a discussion on the possibilities. PR link.

NVIDIA(PBR285 $NVDA) to acquire AI development Cambridge, UK based company Arm Limited from SoftBank for $40 billion cash & stock, to close in around 18 months. PR link.

Caesars Entertainment(PBR351 $CZR) has entered into a multi-year agreement with Walt Disney({PBR49 $DIS)’s ESPN, new deal includes link integrations from ESPN’s digital platforms to sportsbooks from Caesars Entertainment’s sports betting partner, William HillPR link.

Sirius XM Radio(PBR388 $SIRI) gets long-term extension into 2027 with General Motors(PBR18 $GM), will expand to be included in almost all GM vehicles starting in model year 2021. PR link.

Simon Property(PBR481 $SPG) will not be opening its mall properties on Thanksgiving Day, will open on Black Friday. PR link.

Camping World(PBR541 $CWH) announces long-term goals, initiatives and 2021 outlook highlights, includes growing 2.1 million member base and average revenue per member of $1,850/year by 10% over the next 36 months. PR link.

Laureate Education(PBR703 $LAUR) to sell its Brazilian based assets, 11 higher education institutions with 267,000+ students, to Ser Educacional for $724 million plus have 44% stake in Ser Educacional, to close by end of 2021. PR link.

WW(PBR973 $WW) launches first ready-to-drink, canned coffee lattes, initially two flavors, Cafe Latte and Mocha Latte, available online, in studios in mid-October, contains 80-85 grams of caffeine, similar to regular coffee, 11 grams of protein, 3 grams of fiber, 20% daily requirement for calcium, uses cane sugar for sweetener, 4 pack for $11.99. PR link.

***Friday, September 11

***The 19th Anniversary of 9/11.
***Remember those who lost their lives.
***Ask what we can do to preserve our freedoms.
***Do a good deed.

The PBRMarketTools US Stock Exchanges Recap for Week 37 ending 09/11/20:

DJIA ends Week 37 at 27,665.64, -1.66% from last Friday, -2.69% MTD, +7.18% QTD, -3.06% YTD, -6.38% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 37 at 10,853.55, -4.06% from last Friday, -7.83% MTD, +7.90% QTD, +20.96% YTD, -9.98% from record 11,775.46 set 08/31/20.

SPX ends Week 37 at 3,340.97, -2.51% from last Friday, -4.55% MTD, +7.76% QTD, +3.41% YTD, -6.70% from record 3,508.01 set 08/28/20.

The Week 37 of 2020 News Summary: The Coronavirus Pandemic continues to infect the news each day, but there were some counter news items that held the spotlight as well. The Coronavirus Pandemic tallies as of today at 06:14PM Eastern US by the John Hopkins University CSSE unit is now 28,313,733 confirmed cases globally with 912,242 deaths, an increase of 41,037 from last Friday. For the US it’s 6,442,557 confirmed cases and 192,936 deaths, an increase of 5,452, and a downward trend from last Friday. One vaccine phase 3 test was suspended because of an illness of one participant, but other vaccine candidate phase 3 tests continue with more to come on board. Health care experts are still saying they see the possibility of a vaccine being available around the start of 2021. Schools and universities continue to try to reopen with mixed success as they implement a variety of strategies to give students an opportunity to learn but also stay safe. The wildfires in California and Oregon caught of lot of news, especially some photos from San Francisco showing otherworldly orange skies caused by the smoke. There are some deaths, 500,000 people have had to leave their homes in Oregon, and there are significant homes and businesses losses from the fires. In the US civil unrest continues in some major cities as they grapple with actions with confirming videos of some highly likely law enforcement misdeeds resulting in tragic deaths of black people. In international news there were no outward signs that the US and China are coming to any agreements and US President Trump has said that he will not extend the timing for a possible acquisition of the US TikTok business by September 15th. President Trump has brokered a deal that will normalize relations between Bahrain and Israel, another significant Middle East agreement. US economic news continued to be mixed with initial unemployment claims remaining the same, consumer debt is up, housing delinquencies are up, mortgage rates are near record lows, the consumer price index showed some improvement. Friday was another somber 9/11 remembrance day, the 19th anniversary of the horrible event that has changed the US in many ways. The week was filled with the usual US general elections noise, with President Trump being accused of some more questionable actions and tweets, countered by the usual strong denials and attacks on the Joe Biden and Kamala Harris shortcomings. In a short 4-day trading week The Stock Market Bear took charge on Tuesday, The Stock Market Bull took back a significant part of that on Wednesday, lost big time again on Thursday, and Friday was a less volatile mixed result. The Stock Market Bear gets his 2nd week in a row with a Week 37 3-0 clear win, with experts offering conflicting expert opinions about which way the stock market winds will blow next week.

The Week 37 of 2020 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 4 weeks

Kroger(PBR22 $KR) in 2Q20 report says it has authorized a new $1 billion share repurchase program, replaces prior authorization. PR link.

Laureate Education(PBR702 $LAUR) completes its divestitures of higher education operations in Chile for around $218 million. PR link.

Verisk Analytics(PBR813 $VRSK) has acquired Bradenton, FL based Franco Signor, a highly-regarded Medicare Secondary Payer (MSP) service provider, for $160 million. PR link.

Adtalem Education(PBR999 $ATGE) to acquire Walden University, a leading online healthcare education provider, from Laureate Education(PBR702) for $1.48 billion in cash, to close in mid 2021. PR link.

The US Dept of Treasury says the August 2020 US Federal Government Receipts is at $223.2 billion, Outlays $423.3 billion, August 2020 Deficit is $200.1 billion, August 2019 Deficit was $200.3 billion; August 2020 Fiscal YTD(11 Months) Receipts are at $3,046.8 billion, Outlays $6,054.2 billion, August 2020 Deficit Fiscal YTD is at $3,007.4 billion, August 2019 was at $1,067.2 billion. USTreasury PR link.

The US Dept of Labor says the August 2020 US Monthly Gross Domestic Product is +0.4%, July 2020 was at +0.6%, June 2020 +0.6%, August 2019 +0.1%; August 2020 Last 12 Months(Unadjusted) is at +1.3%, July 2020 was at +1.0%, June 2020 +0.6%, August 2019 +1.7%. USDOL PR link.

The US Dept of Labor says the Preliminary August 2020 US Employee Current Average Earnings/Hour is at $29.47, Average Hours Worked/Week is at 34.6, for Total Current Average Weekly Earnings of $1,019.66, July 2020 was at $1,012.92, June 2020 $1,014.47, August 2019 $968.70. USDOL PR link.

***Thursday, September 10

Target(PBR36 $TGT) planning to increase representation of Black team members across the company by 20% over the next three years by focusing on advancement, retention and hiring. PR link.

Carnival Corp(PBR153 $CCL) Costa Cruises announces its new itineraries for Winter 2020-2021. PR link.

Carnival Corp(PBR153 $CCL) Holland America releases schedule for 5 ships set to explore Europe from Greenland to Greece in 2021. PR link.

Kohl’s(PBR159 $KSS) and adidas, a global leader in the sporting goods industry, announce a new 2 year collaboration with actress and activist Zoe Saldana to launch the adidas x Zoe Saldana collection of active apparel, footwear and accessories for women. PR link.

Navistar(PBR274 $NAV) confirms it has received a revised proposal from TRATON SE to acquire Navistar for $43 per share in cash, previous proposal was for $35/share, Board to review proposal. PR link.

JetBlue(PBR376 $JBLU) will launch 24 new routes later this year aimed at immediately generating cash and capturing traffic on a variety of new, nonstop routes, is extending its Go Back and Forth with Confidence initiative for new bookings made through 02/28/21 for travel on any date, waives all change and cancel fees for all fares, including Blue Basic. PR link.

Tiffany(PBR589 $TIF) being countersued by LVMH, LVMH says its $135/share, $16.2 billion acquisition termination lawsuit by Tiffany is clearly unfounded, misleading and defamatory, Tiffany problems caused by mismanagement and termination was lawful. PR link.

Citigroup(PBR32 $C) CEO Michael Corbat to retire in 02/21, President/CEO of Global Consumer Banking Jane Fraser appointed to be successor, elected to the Board effective immediately. PR link.

Universal Health(PBR270 $UHS) Founder/Chairman/CEO Alan Miller to become Executive Chairman, President Marc Miller to become CEO, both effective 01/01/21. PR link.

The US Dept of Commerce/Census says the US Preliminary July 2020 US Wholesale Sales-Durables is at $234.8 billion, Non-Durables $244.3 billion, Total Wholesale Sales is $479.1 billion, June 2020 was at $458.1 billion, May 2020 $420.5 billion, July 2019 $499.4 billion. USDOL PR link.

The US Dept of Labor says the Preliminary August 2020 US Producer Price Index-Total Monthly Final Demand is at +0.3%, July 2020 was at +0.6%, June 2020 -0.2%, August 2019 +0.1%. USDOL PR link.

***Wednesday, September 9

Walmart(PBR1 $WMT) launches drone delivery pilot in Fayatteville, NC, in partnership with end-to-end drone delivery company Flytrex. PR link.

Amazon(PBR2 $AMZN) will host its 2020 Career Day on Wednesday, 09/16/20, has 33,000 corporate and tech jobs currently available across the country, and the thousands of additional hourly positions in the company’s operations network to be announced soon. PR link.

Microsoft(PBR17 $MSFT) introduces the new generation of Xbox with Xbox Series X for $499 and the Xbox Series S for $299, to be released 11/10/20, pre-orders start 09/22/20. PR link.

Boeing(PBR40 $BA) warns of delays in deliveries of its 787 Dreamliner, as three separate production flaws over the past year hamper efforts to develop an alternative cash cow to its grounded 737 MAX. Reuters PR link.

UPS(PBR43 $UPS) to hire 100,000+ seasonal employees for the upcoming holiday season. PR link.

Pfizer(PBR63 $PFE) and BioNTech SE(NASDAQ: BNTX) have concluded exploratory talks with the European Commission for a proposed supply of 200 million doses of their investigational BNT162 mRNA-based vaccine candidate against SARS-CoV-2 to European Union (EU) Member States, with an option for further 100 million doses, deliveries would be starting by the end of 2020. PR link.

Tyson(PBR76 $TSN) says it is the first US food company to verify sustainable cattle production practices at scale. PR link.

Northrop Grumman(PBR91 $NOC) gets $13.3 billion contract from the US Air Force to modernize the nation’s aging intercontinental ballistic missile (ICBM) system, for the engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program. PR link.

ViacomCBS(PBR104 $VIAC) Entertainment and Youth Group announces three-year partnership with iHeartMedia(PBR650 $IHRT), the biggest global commercial podcasting publisher. PR link.

Navistar(PBR274 $NAV) in 3Q20 report says it plans to dual-build diesel and electric vehicles in San Antonio, TX, to open in Spring 2022. PR link.

JCPenney(PBR291 $JCPNQ) expects to execute a “stalking horse” asset purchase agreement with assets being purchased by Brookfield Property Group and Simon Property(PBR480) for $1.75 billion in cash and new term loan debt, plans to close transaction before the 2020 holiday season starts. PR link.

AMC Entertainment(PBR503 $AMC) says over 1,000,000 have been in their US theatres since phased reopenings started 3 weeks ago, globally 4,000,000+ have attended since reopenings started in June. PR link.

Tiffany(PBR589 $TIF) $135/share, $16.2 billion acquisition by LVMH Moet Hennessey-Louis Vuitton terminated by LVMH, Tiffany files lawsuit to enforce merger agreement. PR link.

The US Dept of Labor says the Preliminary July 2020 US Job Openings-Private are at 5,947,000, Government 671,000, Total Job Openings 6,618,000, June 2020 was at 6,001,000, May 2020 5,371,000, July 2019 7,236,000. Hires and Separations data at the link. USDOL PR link.

***Tuesday, September 8

Amazon(PBR2 $AMZN) bans sales of foreign plant seeds to US amid mystery mailings from China. MarketWatch PR link.

Apple(PBR4 $APPL) countersues Fortnite creator Epic Games for breach of contract regarding the Apple App StoreForbes PR link.

General Motors(PBR18 $GM) to get $2 billion in Nikola(NASDAQ: $NKLA) common shares for an 11% equity interest in exchange for certain in-kind services including its Ultium battery system and Hydrotec fuel cell technology initially for its Nikola Badger electric vehicle trucks. PR link.

SYNNEX(PBR125) says it is on track to separate into two publicly traded companies: comprising of $19 billion/year SYNNEX Technology Solutions, a leading IT distribution, services and integrated solutions company, and $4.7 billion/year Concentrix, a leading global CX solutions company, to close in 4Q20. PR link.

Carnival Corp(PBR153 $CCL)’s Costa Crociere suspends 2020-2021 season in South America and announces opening of 2021-2022 season sales in the region. PR link.

Carnival Corp(PBR153 $CCL) Cunard’s 2022 classic World Voyage on the illustrious Queen Mary 2 goes on sale today, 118 night voyage will leave New York City on 01/03/22, return 05/01/22. PR link.

Mylan(PBR271 $MYL) to acquire the related intellectual property and commercialization rights of Aspen Pharmacare Holdings Limited‘s thrombosis business in Europe for around $760 million, to close by 12/31/20. PR link.

Keurig Dr Pepper(PBR278 $KDP) to move from NYSE to NASDAQ, keep KDP ticker symbol, starting 09/21/20. PR link.

Clorox(PBR434)’s Pine-Sol® Original Multi-Surface Cleaner received approval from the US Environmental Protection Agency (EPA) for kill claims against SARS-Cov-2, the virus that causes COVID-19, on hard non-porous surfaces. PR link.

Michaels Cos(PBR533) to hire 16,000+ employees for the holiday season. PR link.

Brunswick(PBR619) restarts its 2020 share repurchase program, had completed around a third of the $100 million authorized. PR link.

The US Federal Reserve says the Preliminary July 2020 US Consumer Credit Outstanding-Revolving is at $994.7 billion, Non-Revolving $3,144.2 billion, Total Consumer Credit Outstanding $4,138.9 billion, June 2020 was at $4,126.6 billion, May 2020 $4,115.3 billion, July 2019 $4,121.9 billion. USFed PR link.

CoreLogic says the June 2020 US Home Loan Mortgages 30 Days or More Delinquent is at 7.1%, May 2020 was at 7.3%, April 2020 6.1%, June 2019 4.0%. “While federal and state governments work toward additional economic support, we expect serious delinquencies will continue to rise — particularly among lower-income households, small business owners and employees within sectors like tourism that have been hard hit by the pandemic.” CoreLogic PR link.

The FannieMae August 2020 Home Purchase Sentiment Index is at 77.5, July 2020 was at 74.2, June 2020 76.5, August 2019 93.8. “The HPSI’s recovery was driven by near-record low mortgage rates that helped restore much of consumers’ positivity on whether it is a good time to buy a home, while also improving the good-time-to-sell sentiment. The August survey was conducted as consumers continue to face uncertainty regarding schools’ and businesses’ reopening plans and as the CARES Act $600-per-week income supplement expired.” FannieMae PR link.

***Monday, September 7

***US Labor Day Observed.
***US Stock Exchanges Closed.

***Friday, September 4

The PBRMarketTools US Stock Exchanges Recap for Week 36 ending 09/04/20:

DJIA ends Week 36 at 28,133.31, -1.82% from last Friday, -1.04% MTD, +8.99% QTD, -1.42% YTD, -4.80% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 36 at 11,313.13, -3.27% from last Friday, -3.93% MTD, +12.47% QTD, +26.09% YTD, -6.12% from record 11,775.46 set 08/31/20.

SPX ends Week 36 at 3,426.96, -2.31% from last Friday, -2.10% MTD, +10.54% QTD, +6.07% YTD, -4.33% from record 3,508.01 set 08/28/20.

The Week 36 of 2020 News Summary: While the seemingly neverending Coronavirus Pandemic continued to make some new news, it was mostly underlying other events. The Coronavirus Pandemic tallies as of today at 02:28PM Eastern US by the John Hopkins University CSSE unit is now 26,437,886 confirmed cases globally with 871,205 deaths, an increase of 37,697 from last Friday. For the US it’s 6,191,294 confirmed cases and 187,484 deaths, an increase of 6,049 from last Friday. The big news was the the US Center for Disease Control(CDC) issued an alert for healthcare facilities to be ready for widespread vaccinations starting 11/01/20, indicating that they expect the results from current Phase 3 studies to show positive results. Many view this as premature, possibly a political ploy. Another news item is that Russia says it has had excellent results with one of its vaccines, but it was from a limited sample test size. International trade became an issue again as the US trade deficit for goods to a large leap. No deal for China based popular social media TikTok’s US operations has been made as the 09/15/20 deadline looms before it is shut off. Japan is still struggling with international trade issues because of the loss of Prime Minister Abe for health reasons. US corporate quarterly earnings continue to be mixed showing definite negative, and in some cases positive, effects from the pandemic related shutdown. Throughout the week civil unrest was a central theme in the US, as riots and violence continued in some major cities, and another shooting of a black man by law enforcement officials was reported, which continues to stir unrest. US Presidential politics being what they are, both candidates took jabs at each other saying the other party was the cause. US economic news was mixed as well. ADP’s private sector employment change was under 500,000, far below expectations. Initial jobless claims came in under 1 million, based on a new seasonal adjustment criteria, the unemployment rate dropped below 10% for the first time since the start of the pandemic to 8.4%. The Federal Reserve’s Beige Book was released indicating the US economy has improved, but only at a modest rate. Manufacturing surveys indicated some improvement. How did the stock market respond? The Stock Market Bull seemed to be quite pleased with himself, with positive results the first 3 days. He took time off for a pedicure, The Stock Market Bear took advantage and took a huge bite out of the Bull’s rear end on Thursday and Friday, to comeback and take a big 3-0 Week 36 win after losing 5 weeks in a row. The stock markets corrections were not unexpected, we just didn’t know when it would take place and are still uncertain how low it will go. This is now US Labor Day Weekend, Monday the markets will be closed, and the 4 day Week 37 predictions are all over the place. Enjoy the weekend, take a breather, celebrate appropriately, snf stay safe.

The Week 36 of 2020 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 4 weeks

Microsoft(PBR17 $MSFT) $10 billion JEDI contract is re-affirmed by the US Dept of Defense as the best cloud solution value, Amazon(PBR2 $AMZN) says it will continue the appeal process, feels its AWS is by far superior. PR link.

Intercontinental Exchange(PBR442 $ICE) completes $11 billion acquisition of Pleasanton, CA based 1,700 employees cloud-based platform provider for the mortgage finance industry Ellie MaePR link.

Under Armour(PBR518 $UA) to close all UA Brand House and UA Factory House retail locations in the US for Thanksgiving (11/26/20), all will re-open to the public on Friday, 11/27/20. PR link.

Etsy, Teradyne and Catalent set to join S&P 500 on 09/21/20, will replace H&R Block(PBR808 $HRB), Coty(PBR561 $COTY) and Kohl’s(PBR159 $KSS), all of which will move to the S&P MidCap 400. PR link.

The US Dept of Labor says the August 2020 US Employed is at 147,288.000, July 2020 was at 143,532,000, June 2020 142,182,000, August 2019 157,895,000; August 2020 Unemployment Rate is at 8.4%, July 2020 was 10.2%, June 2020 11.1%, August 2019 3.7%. More details at the link. USDOL PR link.

***Thursday, September 3

The PBR1000 August 2020 Stocks & Commodities Snapshots Summary blog has been posted, includes US stock exchanges analysis, Top 5 Stock Performers in 4 categories. FYI, Tesla($TSLA) is on 3 of those lists. More details at The PBR1000 August Snapshots link.

Facebook(PBR47 $FB) is taking additional steps to help secure the integrity of the US elections by encouraging voting, connecting people to authoritative information, and reducing the risks of post-election confusion, includes not accepting new political ads the week before the election. PR link.

Tyson(PBR76 $TSN) partnering with Marathon Health to pilot seven health clinics near company production facilities, will give Tyson team members and their families easier access to high-quality healthcare and, in most cases, at no cost. PR link.

MGM Resorts(PBR241 $MGM) BetMGM service becomes first official sports betting partner for the Detroit LionsPR link.

Electronic Arts(PBR495 $EA)’s Madden NFL 21 sell-through up nearly 20 percent year-over-year in its first week. PR link.

Roper Technologies(PBR508 $ROP) completes $5.35 billion acquisition of cloud-based property & casualty insurance software developer, with more than 20,000 agencies and 1,000 insurance carriers users, VertaforePR link.

The US Dept of Labor says the 2Q20 1st Revision US Business Sector Labor Output/Hour is at +8.9%, 1Q20 was at +0.0%, 4Q19 +1.4%, 2Q20 +2.2%. USDOL PR link.

The US Dept of Commerce/Census says the Preliminary July 2020 US Exports-Goods are at $115.5 billion, Services $52.6 billion, Total Exports $168.1 billion, Imports-Goods are at $196.4 billion, Services $35.3 billion, Total Imports $231.7 billion, July 2020 Total Deficit is at $63.6 billion, June 2020 was at $53.4 billion, May 2020 $57.8 billion, July 2019 $51.0 billion, July 2020 Total Deficit YTD(7 Months) is at $354.9 billion, July 2019 was at $348.3 billion. USDOC PR link.

The Institute for Supply Management says the August 2020 US Services PMI Index(>50 = growing) is at 56.9%, July 2020 was at 58.1%, June 2020 57.1%, August 2019 56.4%. “Respondents’ comments are mostly optimistic and industry specific about business conditions and the economy as businesses are starting to reopen. Industries that have not reopened remain concerned about the ongoing uncertainty. There is a challenge with capacity and logistics due to the pandemic and the impact on deliveries and order fulfillment…” ISM PR link.

The IHS Markit August 2020 US Composite PMI Index is at 54.6, July 2020 was at 50.3, June 2020 47.9, August 2019 50.7. “Uncertainty surrounding the pandemic’s future impact on the economy continued to weigh on confidence at manufacturers, contrasting with improved optimism among service providers.” IHS Markit PR link.

***Wednesday, September 2

The PBR25 Top Buy Stocks as of 09/01/20 has been emailed to Subscribers, with a generous average of a 33% targeted 12 month return from an average of 21 analyst recommendations per stock. More details at The PBR25 link.

Citigroup(PBR32 $C) China is first US bank to get a domestic fund custody licence from the China Securities Regulatory Commission, will allow it to hold securities for safekeeping on behalf of mutual funds and private funds domiciled in China. Reuters PR link.

Johnson & Johnson(PBR35 $JNJ)’s Janssen unit to discontinue the development of pimodivir, an investigational antiviral treatment for influenza A infection. PR link.

Intel(PBR45 $INTC) launches 11th Gen Intel® Core™ processors with Intel® Iris® Xe graphics, for thin-and-light laptops, delivering up to 2.7x faster content creation, more than 20% faster office productivity and more than 2x faster gaming plus streaming in real-world workflows over competitive products. PR link.

United Airlines(PBR74 $UAL) informs approximately 15,000 employees of need to furlough them, will take effect beginning 10/01/20 and continue through 11/20, employee participation in voluntary employment separation programs and company leave programs offered from agreements with certain unions reduced the number of employees subject to furloughs or job eliminations to approximately 16,370 from the approximately 38,000 employees who were notified beginning 07/08/20. PR link.

Schlumberger(PBR95 $SLB) to contribute its onshore hydraulic fracturing business in the US and Canada (“OneStim®”), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty Oilfield Services(NYSE: LBRT), in exchange for a 37% equity interest in the combined company, to close in 4Q20. PR link.

Tesla(PBR118 $TSLA) shareholder Scotland based Baillie Gifford stake decreased by more than 19 million shares since the end of June, actual value of that stake increased by nearly 50% as prices more than doubled, reduces stake from 6.32% to 4.25%, goes from 2nd to 4th largest shareholder. WallStreetNation PR link.

Altice USA(PBR316 $ATUS) presents offer to acquire Cogeco for $7.8 billion in order to own Atlantic broadband. PR link.

Guess?(PBR800 $GES) in 2Q21 report says 95% of stores have reopened, majority of closed stores located primarily within interior malls in California. PR link.

ServiceMaster(PBR883 $SERV) to sell ServiceMaster Brands franchise business to Roark Capital for $1.553 billion, to close in 30-60 days, SERV to focus on its Terminix business. PR link.

Coty(PBR353 $COTY) CEO role now belongs to Sue Y. Nabi. PR link.

ADP says the Preliminary August 2020 US Change in Non-Farm Private Employment-Small Businesses is at 52,000, Mid-Sized 79,000, Large-Sized 298,000, Total 428,000, July 2020 was at 212,000, June 2020 4,485,000, August 2019 166,000. ADP PR link.

The US Dept of Commerce/Census says the Preliminary July 2020 US Manufacturing New Orders-Durables is at $231.1 billion, Non-Durables $235.0 billion, Total $466.1 billion, June 2020 was at $438.3 billion, May 2020 $411.7 billion, July 2019 $500.1 billion. USDOC PR link.

The US Federal Reserve releases its Beige Book for data through 08/24/20, summarizes the 12 US districts by saying “Economic activity increased among most Districts, but gains were generally modest and activity remained well below levels prior to the COVID-19 pandemic.” USFed PR link.

***Tuesday, September 1

The Stock Market Bull extends his winning streak to 5 months. US stock exchanges and business news monthly summary at the August 2020 link.

Walmart(PBR1 $WMT) launches Walmart+ subscription program, $98/year or $12.95/mo, Members will receive unlimited free delivery from stores, fuel discounts and access to tools that make shopping faster for families, to be available starting 09/15/20. PR link.

American Airlines(PBR68 $AAL) eliminates change fees for all domestic and short-haul international flying on Premium Cabin fares and most Main Cabin fares, all customers will have the ability to fly standby on earlier flights for the same destination on the same day at no charge starting 10/01/20. PR link.

Medtribuc(PBR103 $MDT) gets US FDA approval for Minimed™ 770G insulin pump system with smartphone connectivity for people with Type 1 diabetes, will be available to individuals as young as 2 years old. PR link.

Bristol-Myers Squibb(PBR108 $BMY) gets US FDA approval for Onureg® (azacitidine tablets), a new oral therapy, as continued treatment for adults in first remission with Acute Myeloid Leukemia. PR link.

Tesla(PBR118 $TSLA) to sell up to $5 billion of its common stock from time to time, through an “at-the-market” offering program. PR link.

Gilead Sciences(PBR134 $GILD) announces agreement with Jounce Therapeutics(Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, to exclusively license its JTX-1811 program, GILD to make an $85 million up front & make a $35 million equity investment. PR link.

McDonald’s(PBR149 $MCD) being sued by over 50 black McDonald’s franchise owners for discrimination, McDonald’s denies allegations, defends its history with black franchisees. MarketWatch PR link.

Cognizant(PBR189 $CTSH) to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform, will be Cognizant’s sixth cloud-related acquisition in 2020, terms not disclosed. PR link.

DTE Energy(PBR246 $DTE) files plan with Michigan Public Service Commission to add enough solar energy generation to power 120,000 homes by 2022, DTE would increase its solar generation capacity by nearly ten times over the next two years. PR link.

NVIDIA(PBR285 $NVDA) unveils GeForce RTX 3090, 3080 and 3070 GPUs, offer up to 2x the performance and 1.9x the power efficiency over the previous Turing-based generation, take advantage of the second generation of NVIDIA RTX™ — the world’s most powerful PC gaming platform — to provide unprecedented levels of real-time ray tracing and AI gaming. PR link.

Alaska Air(PBR347 $ALK) eliminates change fees permanently, applies to all tickets, except for Saver fares, previously charged $125. PR link.

Fortive(PBR405 $FTV) to separate Vontier Corporation through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders, will result in two independent public companies, to close in 4Q20. PR link.

Weyerhaeuser(PBR441 $WY) is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction, and selling 149,000 acres of timberlands in southern Oregon in a second transaction, net cost is approximately $40 million in cash. PR link.

GameStop(PBR448 $GME) SEC filing shows that Chewy(PBR545) co-founder and former CEO now has a 9.6% stake in GME. PR link.

AMC Entertainment(PBR502 $AMC) to have 70% of its US circuit theatres open by 09/04/20 with around 140 opening this week, including its first ones in California. PR link.

Steelcase(PBR649 $SCS) reducing workforce through early retirements, voluntary separations and involuntary separations of approximately 300 salaried employees, represents around 8% of salaried workforce in the Americas and Corporate, as well as early retirements of approximately 160 hourly employees, also 65 salaried employees have volunteered for part-time roles or temporary layoffs for periods ranging from 3-6 months. PR link.

Hawaiian Airlines(PBR785 $HA) informs approximately 414 U.S.-based employees in its Air Line Pilots Association (“ALPA”) and Association of Flight Attendants (“AFA”) work groups of its intent to implement a workforce reduction plan impacting them and an additional 28 employees in the ALPA work group who will receive individual notices at a later date. PR link.

Eastman Kodak(PBR983 $KODK) SEC 13G filing shows that DE Shaw owns nearly 4 million shares, 5.2% of shares, in KODK. PR link.

Danaher(PBR173 $DHR) appoints Rainer M. Blair as President/CEO and a member of the Board effective today as planned, succeeds Thomas Joyce who has retired and remains a senior advisor through 02/28/21. PR link.

The Stock Market Bull extends his winning streak to 5 months. US stock exchanges and business news monthly summary at the August 2020 link.

The US Dept of Commerce/Census says the Preliminary July 2020 Total Construction Spending Annual Rate-Residential is at $555.5 billion, Non-Residential $809.1 billion, Total $1,364.6 billion, June 2020 was at $1,362.8 billion, May 2020 $1,369.4 billion, July 2019 $1,366.0 billion. USDOC PR link.

The Institute for Supply Management says the Preliminary August 2020 Manufacturers PMI Index(>50 economy expanding) is at 56.0%, July 2020 was at 54.2%, June 2020 52.6%, August 2019 49.1%. “Panel sentiment was generally optimistic (1.4 positive comments for every cautious comment), though to a lesser degree compared to July.” ISM PR link.

IHS Markit says the August 2020 US Manufacturing PMI Index is at 53.1, July 2020 was at 50.9, June 2020 49.8, August 2019 50.3. “Key to the upturn was a jump in new export orders, which rose at the fastest rate for four years, reflecting improving demand in many foreign markets, and benefitting larger companies in particular. Disappointingly, new orders and export sales at smaller manufacturers continued to fall, highlighting an unbalanced recovery in favour of larger firms.” IHS Markit PR link.

The PurdueU/CME Group August 2020 US Ag Economy Barometer Composite Index is at 144, July 2020 was at 118, June 2020 117, August 2019 124. “The improvement in farmer sentiment this month was underpinned by expectations for excellent crop yields, as indicated in USDA’s August Crop Production report, and nearly across the board rallies in key ag commodity prices that took place in August.” PurdueU/CME Group PR link.

***Monday, August 31

The PBRMarketTools US Stock Exchanges Recap for August 2020 ending 08/31/20:

DJIA ends August 2020 at 28,430.05, -0.78% from last Friday, +7.57% MTD, +10.14% QTD, -0.38% YTD, -3.79% from record 29,551.42 set 02/12/20.

NASDAQ ends August 2020 at record 11,775.46, +0.68% from last Friday, +9.59% MTD, +17.07% QTD, +31.24% YTD, +0.00% from record 11,775.46 set 08/31/20.

SPX ends August 2020 at 3,500.31, -0.22% from last Friday, +7.01% MTD, +12.90% QTD, +12.90% YTD, -0.22% from record 3,508.01 set 08/28/20.

The 8th Month of 2020 tally YTD is:
The Stock Market Bull: 5 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

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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! 

PBRMarketTools.com is an independent business intelligence and analytics service. It is not, nor is it affiliated with, any financial advisory or stock brokerage or related firms.

(Image courtesy of FreeDigitalPhotos.net)

Copyright © 2020, All Rights Reserved, Pax Business Resources, LLC.

The PBR1000 August 2020 Stocks & Commodities Snapshots

August 2020 The PBR1000: 5 In a Row for The Stock Market Bull

PBR1000 Snapshots Recap

What virus pandemic? From April through August The Stock Market Bull has been in charge of the pasture. How long can the streak go?

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for the month of August ending 08/31/20:

DJIA ends August 2020 at 28,430.05, -0.78% from last Friday, +7.57% MTD, +10.14% QTD, -0.38% YTD, -3.79% from record 29,551.42 set 02/12/20.

NASDAQ ends August 2020 at record 11,775.46, +0.68% from last Friday, +9.59% MTD, +17.07% QTD, +31.24% YTD, +0.00% from record 11,775.46 set 08/31/20.

SPX ends August 2020 at 3,500.31, -0.22% from last Friday, +7.01% MTD, +12.90% QTD, +12.90% YTD, -0.22% from record 3,508.01 set 08/28/20.

The August 2020 News Summary: It was another month where the Coronavirus Pandemic continue to lead or affect the news, but there were some challengers late in the month. The Coronavirus Pandemic tallies as of today at 01:28PM Eastern US by the John Hopkins University CSSE unit is now 25,325,617 confirmed cases globally with 848,030 deaths, an increase of 172,448 from last month. For the US it’s 6,020,186 confirmed cases and 183,399 deaths, an increase of 30,459 from last month. During the month there were advances in potential vaccines and test kits. Organizations of all types grappled with trying to open up, from commercial businesses to schools and universities and professional sports teams with varying success. Technology and technology infrastructure showed they have some bright spots but still have a ways to go to be reliable. People seemed mostly accepting that masking is an acceptable and polite strategy when out in the public. In international trade news the US and China appear to be getting back together to discuss some issues, even with the threatened shutdown of the popular China based TikTok platform in the US, which apparently some US high tech companies are possibly interested in acquiring. Japan’s Prime Minister Abe surprised the international community when he announced he is stepping down for health reasons. A big political and trade announcement was that the United Arab Emirates and Israel have agreed to establish diplomatic relations, a first between an Islamic country and the Jewish state. US corporate earnings were mixed during August, with the transportation sector airlines and cruises taking some hits while retailers did better than expected. US economic news continued to show the effects of the downturn. Indices that are more recent, however, showed some robust growth, especially those related to housing. Jobs are coming back, but the pace has apparently slowed. Surveys of consumers and businesses generally indicated short term concerns but cautious long term optimism. The Federal Reserve revised the way it makes decisions based on Gross Domestic Product such that the short term interest rates will probably remain very low over the next few years. Sadly, highly publicized shootings of black men by police created a lot of civil unrest and some destructive violence across some major cities of the US over the past month. The 2020 US Presidential Race took the next step as both the Democrats and Republicans held their conventions, mostly in an online format. Debates are next, 3 presidential, 1 vice presidential, starting September 29th. For the stock markets it was the best August in many years. The Stock Market Bull overwhelmingly won the month 3-0 and now has a string of 5 months in a row. The Stock Market Bear made an occasional trip onto the pasture but was unable to establish any kind of momentum. The biggest stock news included the 4:1 Apple and 5:1 Tesla stock splits on the last day of August, Apple exceeding $2 trillion in market capitalization, the NASDAQ and S&P500 hitting records, and the DJIA recovering to around even YTD. This sets the stage for the last month of the 3rd quarter, and it’s anyone’s guess about what will happen. Enjoy the ride!

The 8th Month of 2020 tally YTD is:
The Stock Market Bull: 5 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

 

The August 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 14+/7-; NASDAQ 15+/6-; SPX 16+/5-.

Record Days: DJIA 0, NASDAQ 13, SPX 7

Longest Gain Streak(Consecutive Days): DJIA 7 days(07/31-08/10/20), NASDAQ 6 days(07/29-08/05/20),  and SPX 7 days(07/31-08/10/20)

Longest Loss Streak(Consecutive Days): DJIA 3 days(08/17-19/20), NASDAQ 3 day(08/07-11/20), and SPX 2 days(08/13-14/20)

Big Swing Up Days(>1.00%): 9 days, 08/03/20( N +1.47%), 08/05/20(D +1.39%), 08/06/20(N +1.00%), 08/10/20(D +1.30%), 08/12/20(D +1.05%, N +2.13%, S +1.40%), 08/17/20(N +1.00%), 08/20/20(N +1.06%), 08/24/20(D +1.35%, S +1.00%), 08/26/20(N +1.73%, S +1.02%)

Big Swing Down Days(<-1.00%): 1 days, 08/11/20(N -1.69%)

The PBR1000 August 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 August 2020 Snapshots. The price for stocks is for the close of trading on August 31, 20201 Month % Chg is compared to July 31, 202012 Months % Chg is compared to August 31, 2019, and the 24 Months % Chg is compared to August 31, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the August 2020 edition with the complete 15 Snapshots and 28 rankings with the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +107% to -80%. 733 out of 999 stocks were up 0% or more. The average was a gain of 5.49%, the median was a gain of 4.59%. The DJIA was +7.57%, NASDAQ +9.59%, SPX +7.01%.

Company PBR
Rank
Symbol Price
08/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Groupon 867 GRPN $ 31.83 +107 -36 -63
Fossil 868 FOSL $ 6.44 +94 -50 -72
Conduent 586 CNDT $ 3.38 +77 -48 -85
Tesla 118 TSLA $ 498.32 +74 +1,004 +726
Cooper-Standard 722 CPS $ 18.12 +69 -52 -87

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +1,004% to -88%. 487 out of 994 stocks were up 0% or more. The average was a gain of 9.69%, the median was a loss of 1.17%. The DJIA was +7.68%, NASDAQ +47.88%, SPX +19.61%.

Company PBR
Rank
Symbol Price
08/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 118 TSLA $ 498.32 +74 +1,004 +726
Camping World 539 CWH $ 29.06 -21 +282 +40
Hovnanian 893 HOV $ 31.32 +34 +280 -20
Vista Outdoor 934 VSTO $ 19.41 +13 +247 +5
Owens & Minor 330 OMI $ 16.58 +3 +226 -2

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +726% to -94%. 404 out of 980 stocks were up 0% or more. The average was a gain of 9.33%. The median was a loss of 10.29%. The DJIA was +9.49%, NASDAQ +45.21%, SPX +20.64%.

Company PBR
Rank
Symbol Price
08/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 118 TSLA $ 498.32 +74 +1,004 +726
AMD 432 AMD $ 90.82 +17 +189 +261
Twilio 991 TWLO $ 269.76 -3 +107 +234
Roku 992 ROKU $ 173.48 +12 +15 +192
Boston Beer 977 SAM $ 881.98 +9 +101 +191

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

Table 4 Summary: The range was $2,135 billion to $0.01 billion. The average is $33.134 billionmedian is $7.31 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
08/31/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Apple 4 AAPL $ 2,135 +28 +66 +144
Microsoft 17 MSFT $ 1,732 +12 +44 +163
Amazon 2 AMZN $ 1,704 +12 +86 +206
Alphabet 11 GOOG $ 1,117 +7 +21 +53
Facebook 47 FB $ 837 +25 +44 +63
The PBR1000
  $ 33,134 +9 +10 +28

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

Company Price
08/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 99,883.25 +5.5 +9.7 +9.3
DJIA 28,430.05 +7.6 +7.7 +9.5
NASDAQ 11,775.46 +9.6 +47.9 +45.2
S&P500 3,500.31 +7.0 +19.6 +20.6
GOLD 1,978.60 -0.4 +29.4 +63.9
SILVER 28.59 +18.1 +55.9 +96.2
OIL            42.61 +5.8 -22.7 -39.0

To order a 12 month subscription of The PBR1000 Snapshots go to the Subscribe page.

Please use the Contact Us page if you are a The PBR1000 company and would like to increase your visibility to our worldwide base of shrewd investors.

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $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. This service is used by astute business professionals and shrewd investors worldwide.

Disclaimers: The PBR1000 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 provider of news, data, and analysis. It is not a financial advisor firm or stock brokerage service, and is not affiliated with any such organization.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2020 by Pax Business Resources, LLC, All Rights Reserved.

The PBR1000 July 2020 Stocks & Commodities Snapshots

July 2020 The PBR1000: The Stock Market Bull Streak Continues

PBR1000 Snapshots Recap

The Stock Market Bull takes his 4th month in a row, the NASDAQ is breaking records, the S&P 500 is ahead YTD, and the DJIA is climbing as the coronavirus pandemic continues to cause havoc to the economy.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for the month of July ending 07/31/20:

DJIA ends July at 26,428.32, -0.16% from last Friday, +2.38% MTD/QTD, -7.39% YTD, -10.57% from record 29,551.42 set 02/12/20.

NASDAQ ends July at 10,745.27, +3.69% from last Friday, +6.82% MTD/QTD, +19.76% YTD, -0.20% from record 10,767.09 set 07/20/20.

SPX ends July at 3,271.12, +1.73% from last Friday, +5.51% MTD/QTD, +1.25% YTD, -3.40% from record 3,386.15 set 02/19/20.

The July News Summary: It was the start of a new half, a new quarter, and there was a sense of optimism. But the Coronavirus Pandemic insisted on staying in the limelight, there was a resurgence of new cases as states tried various strategies to re-open businesses and their economies. Now discussions are about how to re-open schools safely, to push for online learning, or some hybrid. As the month came to an end there was some new optimism as some promising vaccines were entering mid-stage phases on human subjects. The Coronavirus pandemic tallies as of today at 02:35PM Eastern US by the John Hopkins University CSSE unit is now 17,422,252 confirmed cases globally with 675,584 deaths. For the US it’s 4,550,247 confirmed cases and 152,940 deaths. The international trade wars continue with most attention on the US/China trade negotiations which seem very far apart at the end of the month. There was a flood of corporate earnings report by the end of the month. as technology stocks had some big quarterly wins, everyone else seemed to fizzle somewhat. The US economy took a big hit at the end of the month as the GDP plummeted, jobs numbers are not recovering as fast as hoped, and the $600/week unemployment benefit was starting to end. The 2 houses of Congress end the month trying to find some common ground to go for another round of stimulus. With all that, the bottom line is that The Stock Market Bull had an excellent month, taking all major US exchanges for a 4th month in a row 3-0 win with the US stock exchanges, but it was a battle as The Stock Market Bear had some strong appearances throughout the month as well. Week 31 was an indication of this, with a Bull 2-1 mixed result win. Summer is now starting to drag on, the Coronavirus Pandemic continues with a glimmer of hope for a vaccine and upcoming tests being developed that are supposed to be reliable, quick, and inexpensive. Be safe as we close out July and start August with a lot of questions still to be answered and searching for the best directions to take.

The Week 31 of 2020 tally YTD is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 13 weeks
Mixed Results: 3 weeks

The Monthly 2020 tally YTD(7 Months) is:
The Stock Market Bull: 4 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

 

The July 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

Number of Gain(+)/Loss(-) Days: DJIA 13+/9-; NASDAQ 15+/7-; SPX 14+/8-.

Record Days: DJIA 0, NASDAQ 7, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 4 days(07/10-15/20), NASDAQ 5 days(06/29-07/06/20),  and SPX 5 days(06/29-07/06/20)

Longest Loss Streak(Consecutive Days): DJIA 2 days(07/23-24/20), NASDAQ 2 day(07/23-24/20), and SPX 3 days(07/23-24/20)

Big Swing Up Days(>1.00%): 8 days, 07/06/20(D +1.78%, N +2.21%, S +1.59%), 07/08/20(N +1.49%), 07/10/20(D +1.44%, S +1.05%), 07/14/20(D +2.13%, S +1.34%), 07/20/20(N +2.51%), 07/27/20(N +1.67%), 07/29/20(N +1.35%, S +1.24%), 07/31/20(N +1.49%)

Big Swing Down Days(<-1.00%): 5 days, 07/07/20(D -1.51%, S -1.08%), 07/09/20(D -1.39%), 07/13/20(N -2.13%), 07/23/20(D -1.31%, N -2.29%, S -1.23%), 07/28/20(N -1.27%)

The PBR1000 July 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 July 2020 Snapshots. The price for stocks is for the close of trading on July 31, 20201 Month % Chg is compared to June 30, 202012 Months % Chg is compared to July 31, 2019, and the 24 Months % Chg is compared to July 31, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the July 2020 edition with the complete 15 Snapshots and 27 rankings with the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +88% to -83%667 out of 999 stocks were up 0% or more. The average was a gain of 7.07%, the median was a gain of 3.06%. The DJIA was +2.38%, NASDAQ +6.82%, SPX +5.51%.

Company PBR
Rank
Symbol Price
07/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Eastman Kodak 983 KODK $ 21.85 +880 +803 +594
Tupperware
930 TUP $ 15.43 +225 +1 -58
Owens & Minor
331 OMI $ 16.08 +111 +493 -15
Ocwen Financial
995 OCN $ 1.19 +79 -37 -70
Community Health 234 CYH $ 4.98 +65 +143 +49

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +803% to -98%367 out of 995 stocks were up 0% or more. The average was a gain of 3.12%, the median was a loss of 10.24%. The DJIA was -1.62%, NASDAQ +31.43%, SPX +9.76%.

Company PBR
Rank
Symbol Price
07/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Eastman Kodak 983 KODK $ 21.85 +880 +803 +594
Owens & Minor 331 OMI $ 16.08 +111 +493 -15
Tesla 117 TSLA $ 1,430.76 +33 +492 +380
Cincinnati Bell 956 CBB $ 15.01 +1 +293 +12
Hovnanian 894 HOV $ 23.30 -0 +288 -41

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +594% to -99%386 out of 981 stocks were up 0% or more. The average was a gain of 7.43%. The median was a loss of 13.21%. The DJIA was +3.99%, NASDAQ +40.06%, SPX +16.15%.

Company PBR
Rank
Symbol Price
07/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Eastman Kodak 983 KODK $ 21.85 +880 +803 +594
Tesla 117 TSLA $ 1,430.76 +33 +492 +380
Twilio 992 TWLO $ 277.42 +27 +99 +379
AMD 433 AMD $ 77.43 +47 +154 +322
Veeva Systems 996 VEEV $ 264.57 +13 +59 +250

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

Table 4 Summary: The range was $1,668 billion to $0.01 billion. The average is $30.516 billionmedian is $7.07 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
07/31/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Apple 4 AAPL $ 1,668 B +6 +30 +91
Microsoft 20 MSFT $ 1,546 B +3 +29 +135
Amazon 2 AMZN $ 1,522 B +14 +66 +174
Alphabet 11 GOOG $ 1,048 B +13 +14 +44
Facebook 46 FB $ 669 B +6 +15 +30
The PBR1000
  $ 30,516 B +7 +1 +18

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

Company Price
07/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 96,155.80 +7.1 +3.1 +7.4
DJIA 26,428.32 +2.4 -1.6 +4.0
NASDAQ 10,745.27 +6.8 +31.4 +40.1
S&P500 3,271.12 +5.5 +9.8 +16.2
GOLD 1,985.90 +10.3 +38.1 +61.1
SILVER 24.22 +29.9 +47.6 +55.9
OIL            40.27 +2.6 -31.3 -41.1

To order a 12 month subscription of The PBR1000 Snapshots go to the Subscribe page.

Please use the Contact Us page if you are a The PBR1000 company and would like to increase your visibility to our worldwide base of shrewd investors.

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $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. This service is used by astute business professionals and shrewd investors worldwide.

Disclaimers: The PBR1000 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 provider of news, data, and analysis. It is not a financial advisor firm or stock brokerage service, and is not affiliated with any such organization.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2020 by Pax Business Resources, LLC, All Rights Reserved.

The PBR1000 June 2020 Stocks & Commodities Snapshots

June 2020 The PBR1000: The Stock Market Bull Has 3 In a Row

PBR1000 Snapshots Recap

Even though The Stock Market Bull has won the last 3 months, he is still behind in the DJIA and S&P500 Year-to-Date.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for the Month of June ending 06/30/20:

DJIA ends June at 25,812.88, +3.19% from last Friday, +1.69% MTD, +17.77% QTD, -9.55% YTD, -12.65% from record 29,551.42 set 02/12/20.

NASDAQ ends June at 10,058.77, +3.09% from last Friday, +5.99% MTD, +30.63% QTD, +12.11% YTD, -0.72% from record 10,131.37 set 06/23/20.

SPX ends June at 3,100.29, +3.03% from last Friday, +1.84% MTD, +19.95% QTD, -4.04% YTD, -8.44% from record 3,386.15 set 02/19/20.

The Month of June 2020 News Summary: The Coronavirus Pandemic was the primary driver for most news during June. The coronavirus pandemic tally as of 1:33PM Eastern US by the John Hopkins University CSSE unit is now 10,389,818 confirmed cases globally with 508,406 deaths. For the US it’s 2,620,250 confirmed cases and 126,645 deaths. There does appear to be some flattening out across countries of the world and economies are slowly being opened up. At the beginning of the month there was some optimism that the US could start reopening up its economy and states starting doing so. However, by the end of the month it was clear that there was an uptick rate in cases and several states have had to suspend or further modify their reopening plans. At the beginning of the month there was unexpected turmoil from the death of George Floyd, a person of color, when he died from a knee on his throat for several minutes by a Minneapolis policeman. It was unwarranted and protests broke out across the US that resulted in more deaths and destruction of property, some caused by some aggressive radical groups. This spread globally and other similar cases got wide reporting as well. By the end of the month some dialog was starting to happen. Local, state, and federal laws and proclamations continue to be made as incidents like this are reviewed and made public. This has also caused some bitterness especially in the South where many Civil War Memorials were defaced or destroyed. There does not appear to be an easy path forward to resolve this issues that have simmered and exploded time and again since the US Constitution went into effect in the late 1700’s. US/China trade negotiations were also at a difficult point compounded by events in Hong Kong as China tries to exert more pressure for it to be integrated into its society. Throughout the month the US economy was mixed as the reopening of the economy was attempted. The Federal Reserve gave a somewhat bleak forecast for the economy, rolled back some financial regulations, but also issued a stress test to the major banking institutions. After a major dip in March, the US stock exchanges made a very dramatic comeback for the quarter. The NASDAQ was especially active, set some new record highs, in trading that was volatile for much of the month for all exchanges. The Stock Market Bull prevailed 3-0 for June, but it was not an easy slog because The Stock Market Bear is relentless and continues to try to leverage the coronavirus pandemic and repercussions from it. The first half of 2020 is now in the books. With continued concerns about the Coronavirus Pandemic, the simmering civil unrest, and the upcoming US presidential election, the second half could be just as difficult.

The June 2020 tally YTD is:
The Stock Market Bull: 3 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

 

The June 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

Number of Gain(+)/Loss(-) Days: DJIA 14+/8-; NASDAQ 18+/4-; SPX 14+/8-.

Record Days: DJIA 0, NASDAQ 5, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 6 days(06/01-08/20), NASDAQ 8 days(06/12-23/20),  and SPX 4 days(05/29-06/03/20)

Longest Loss Streak(Consecutive Days): DJIA 3 days(06/09-11/20, 06/17-19/20), NASDAQ 1 day(06/04/20, 06/11/20, 06/24/20), and SPX 3 days(06/09-11/20)

Big Swing Up Days(>1.00%): 11 days, 06/02/20(D +1.05%), 06/03/20(D +2.05%, S +1.36%), 06/05/20(D +3.15%, N +2.06%, S +2.62%), 06/08/20(D +1.70%, N +1.13%, S +1.20%), 06/12/20(D +1.90%, N +1.01%, S +1.31%), 06/15/20(N +1.43%), 06/16/20(D +2.04%, N +1.75%, S +1.90%), 06/22/20(N +1.11%), 06/25/20(D +1.18%, N +1.09%, S +1.10%), 06/29/20(D +2.32%, N +1.20%, S +1.47%), 06/30/20(N +1.87%, S +1.54%)

Big Swing Down Days(<-1.00%): 5 days, 06/09/20(D -1.09%), 06/10/20(D -1.04%), 06/11/20(D -6.90%, N -5.27%, S -5.88%), 06/24/20(D -2.72%, N -2.19%, S -2.59%), 06/26/20(D -2.84%, N -2.59%, S -2.42%)

The PBR1000 June 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 June 2020 Snapshots. The price for stocks is for the close of trading on June 30, 20201 Month % Chg is compared to May 29, 202012 Months % Chg is compared to June 28, 2019, and the 24 Months % Chg is compared to June 29, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the June 2020 edition with the complete 15 Snapshots and 27 rankings with the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +83% to -83%538 out of 997 stocks were up 0% or more. The average was a gain of 1.05%, the median was a gain of 0.87%. The DJIA was +1.69%, NASDAQ +5.99%, SPX +1.84%.

Company PBR
Rank
Symbol Price
06/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Michaels 531 MIK $ 7.07 +83 -19 -63
Whiting Petroleum
951 WLL $ 1.14 +62 -94 -98
JCPenney
290 JCPNQ $ 0.33 +59 -71 -86
Fossil Group
871 FOSL $ 4.65 +52 -60 -83
QEP Resources 988 QEP $ 1.29 +51 -82 -89

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +351% to -99%313 out of 995 stocks were up 0% or more. The average was a loss of 2.95%, the median was a loss of 14.73%. The DJIA was -2.96%, NASDAQ +25.64%, SPX +5.39%.

Company PBR
Rank
Symbol Price
06/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 117 TSLA $ 1,079.81 +29 +383 +215
Hovnanian 894 HOV $ 23.39 +43 +208 -43
Cincinnati Bell 956 CBB $ 14.85 +1 +200 -5
Owens & Minor 331 OMI $ 7.62 -4 +138 -54
NVIDIA 284 NVDA $ 379.91 +7 +131 +60

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +291% to -99%363 out of 975 stocks were up 0% or more. The average was a gain of 2.88%. The median was a loss of 13.77%. The DJIA was +6.53%, NASDAQ +33.93%, SPX +14.05%.

Company PBR
Rank
Symbol Price
06/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Twilio 992 TWLO $ 219.19 +11 +61 +291
AMD 433 AMD $ 52.61 -2 +73 +251
Tesla 117 TSLA $ 1,079.81 +29 +383 +215
Veeva Systems 996 VEEV $ 234.42 +7 +45 +205
Roku 993 ROKU $ 116.53 +6 +29 +173

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

Table 4 Summary: The range was $1,379 billion to $0.01 billion. The average is $28.329 billionmedian is $6.65 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
06/30/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Apple 4 AAPL $ 1,568 B +14 +22 +79
Microsoft 20 MSFT $ 1,505 B +9 +25 +128
Amazon 2 AMZN $ 1,337 B +12 +46 +140
Alphabet 11 GOOG $ 929 B -4 +1 +27
Facebook 46 FB $ 629 B -2 +8 +23
The PBR1000
  $ 28,947 B +0 -6 +10

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

Company Price
06/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 89,755.06 +1.1 -3.0 +2.9
DJIA 25,812.88 +1.7 -3.0 +6.4
NASDAQ 10,058.77 +6.0 +25.6 +33.9
S&P500 3,100.29 +1.8 +5.4 +14.1
GOLD 1,800.50 +3.3 +27.5 +43.5
SILVER 18.64 +0.8 +21.4 +15.1
OIL            39.27 +11.2 -32.5 -47.0

To order a 12 month subscription of The PBR1000 Snapshots go to the Subscribe page.

Please use the Contact Us page if you are a The PBR1000 company and would like to increase your visibility to our worldwide base of shrewd investors.

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company. This service is used by astute business professionals and shrewd investors worldwide.

Disclaimers: The PBR1000 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 provider of news, data, and analysis. It is not a financial advisor firm or stock brokerage service, and is not affiliated with any such organization.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2020 by Pax Business Resources, LLC, All Rights Reserved.

The PBRMarketTools June 2020 News & US Stock Exchanges Recap

The PBRMarketTools June 2020 News Summary and US Stock Exchanges Recap

PBR1000 News Summary Stocks Recap

After a rocky start in 2020 The Stock Market Bull now has won the pasture 3 months in a row, still has a ways to go to be ahead for the year.

***Tuesday, June 30

The PBRMarketTools US Stock Exchanges Recap for the Month of June ending 06/30/20:

DJIA ends June at 25,812.88, +3.19% from last Friday, +1.69% MTD, +17.77% QTD, -9.55% YTD, -12.65% from record 29,551.42 set 02/12/20.

NASDAQ ends June at 10,058.77, +3.09% from last Friday, +5.99% MTD, +30.63% QTD, +12.11% YTD, -0.72% from record 10,131.37 set 06/23/20.

SPX ends June at 3,100.29, +3.03% from last Friday, +1.84% MTD, +19.95% QTD, -4.04% YTD, -8.44% from record 3,386.15 set 02/19/20.

The Month of June 2020 News Summary: The Coronavirus Pandemic was the primary driver for most news during June. The coronavirus pandemic tally as of 1:33PM Eastern US by the John Hopkins University CSSE unit is now 10,389,818 confirmed cases globally with 508,406 deaths. For the US it’s 2,620,250 confirmed cases and 126,645 deaths. There does appear to be some flattening out across countries of the world and economies are slowly being opened up. At the beginning of the month there was some optimism that the US could start reopening up its economy and states starting doing so. However, by the end of the month it was clear that there was an uptick rate in cases and several states have had to suspend or further modify their reopening plans. At the beginning of the month there was unexpected turmoil from the death of George Floyd, a person of color, when he died from a knee on his throat for several minutes by a Minneapolis policeman. It was unwarranted and protests broke out across the US that resulted in more deaths and destruction of property, some caused by some aggressive radical groups. This spread globally and other similar cases got wide reporting as well. By the end of the month some dialog was starting to happen. Local, state, and federal laws and proclamations continue to be made as incidents like this are reviewed and made public. This has also caused some bitterness especially in the South where many Civil War Memorials were defaced or destroyed. There does not appear to be an easy path forward to resolve this issues that have simmered and exploded time and again since the US Constitution went into effect in the late 1700’s. US/China trade negotiations were also at a difficult point compounded by events in Hong Kong as China tries to exert more pressure for it to be integrated into its society. Throughout the month the US economy was mixed as the reopening of the economy was attempted. The Federal Reserve gave a somewhat bleak forecast for the economy, rolled back some financial regulations, but also issued a stress test to the major banking institutions. After a major dip in March, the US stock exchanges made a very dramatic comeback for the quarter. The NASDAQ was especially active, set some new record highs, in trading that was volatile for much of the month for all exchanges. The Stock Market Bull prevailed 3-0 for June, but it was not an easy slog because The Stock Market Bear is relentless and continues to try to leverage the coronavirus pandemic and repercussions from it. The first half of 2020 is now in the books. With continued concerns about the Coronavirus Pandemic, the simmering civil unrest, and the upcoming US presidential election, the second half could be just as difficult.

The June 2020 tally YTD is:
The Stock Market Bull: 3 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

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

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PBRMarketTools.com provides independent 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! 

(Photos and images courtesy of FreeDigitalPhotos.net, ddpavumba)

Copyright © 2020, All Rights Reserved, Pax Business Resources, LLC.

The PBR1000 May 2020 Stocks & Commodities Snapshots

May 2020 The PBR1000: The Stock Market Bull Gains More Ground

PBR1000 Snapshots Recap

The Stock Market Bull continues to make a strong effort to overcome major losses from the coronavirus pandemic. Opinions are mixed about how long it will take.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for Week 22 and month of May 2020 ending 05/29/20:

DJIA ends Week 22 at 25,383.11, +3.75% from last Friday, +4.26% MTD, +15.81% QTD, -11.06% YTD, -14.11% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 22 at 9,489.87, +1.77% from last Friday, +6.75% MTD, +23.24% QTD, +5.76% YTD, -3.33% from record 9,817.18 set 02/19/20.

SPX ends Week 22 at 3,044.31, +3.01% from last Friday, +4.53% MTD, +17.79% QTD, -5.77% YTD, -10.10% from record 3,386.15 set 02/19/20.

The end of May and Week 22 News Summary: Center stage during this Week 22 US 4 day work week was the ongoing US and China issues. While trade discussions have been difficult, the latest concern is China taking over more control of former UK colony Hong Kong. US President Trump’s immediate response is to use sanctions. The coronavirus pandemic continues to be big news as well. Countries around the world are starting to re-open their businesses and economy to mixed reviews. In the US many major retailers announced their re-openings and current plans for more. The coronavirus pandemic tally as of 12:32PM Eastern US by the John Hopkins University CSSE unit is now 5,878,701 confirmed cases globally with 362,769 deaths. For the US it’s 1,735,971 confirmed cases and 102,323 deaths. A stream of good news about potential vaccines and tests for coronavirus seemed to escalate during the week. The US economic news was mixed with real data indicating major downturns, especially for employment and real GDP adjusted down from -4.8% to -5.0%. However, it is also now showing some up signs, meaning negative numbers are starting towards the positive, and cautious optimism has been reflected in some interviews of Federal Reserve Board members. Week 22 was a typical progression from the start of May. The additional item of interest for May was the new $3 trillion stimulus package that went into effect mid-month to help businesses make it through the pandemic. It was certainly a good week and end of May for The Stock Market Bull. He came back well rested after the Memorial Day holiday, was eager to fight and quickly gored The Stock Market Bear deep on Tuesday and Wednesday. The Stock Market Bear recovered a little bit on Thursday, and Friday was a mixed result in favor of The Stock Market Bull who easily took Week 22 and the month of May with convincing 3-0 results, but still has a long way to go to get back to record levels achieved earlier in the year.

The Week 22 of 2020 tally YTD is:
The Stock Market Bull: 11 weeks
The Stock Market Bear: 10 weeks
Mixed Results: 1 week

The monthly tally YTD is:
The Stock Market Bull: 2 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

 

The May 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

Number of Gain(+)/Loss(-) Days: DJIA 10+/10-; NASDAQ 14+/6-; SPX 13+/7-.

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 3 days(05/14-18/20), NASDAQ 6 days(05/04-11/20),  and SPX 3 days(05/07-11/20, 05/14-18/20, 05/22-27/20)

Longest Loss Streak(Consecutive Days): DJIA 3 days(05/11-13/20), NASDAQ 2 days(04/30-05/01/20, 05/12-13/20), and SPX 2 days(04/30-05/01/20, 05/12-13/20)

Big Swing Up Days(>1.00%): 10 days, 05/04/20(N +1.23%, 05/05/20(N +1.13%), 05/07/20(N +1.41%, S +1.15%), 05/08/20(D +1.91%, N +1.58%, S +1.69%), 05/14/20(D +1.62%, S +1.15%), 05/18/20(D +3.85%, N +2.44%, S +3.15%), 05/20/20(D +1.52%, N +2.08%, S +1.67%), 05/26/20(D +2.17%, S +1.23%), 05/27/20(D +2.21%, S +1.48%), 05/29/20(N +1.29%)

Big Swing Down Days(<-1.00%): 4 days, 05/01/20(D -2.55, N -3.20%, S -2.81%), 05/12/20(D -1.89%, N -2.06%, S -2.05%), 05/13/20(D -2.17%, N -1.55%, S -1.75%), 05/19/20(D -1.59%, S -1.05%)

The PBR1000 May 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 May 2020 Snapshots. The price for stocks is for the close of trading on May 29, 20201 Month % Chg is compared to April 30, 202012 Months % Chg is compared to May 31, 2019, and the 24 Months % Chg is compared to May 31, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the May 2020 edition with the complete 15 Snapshots and 27 rankings with the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +139% to -91%713 out of 1,000 stocks were up 0% or more. The average was a gain of 6.36%, the median was a gain of 4.88%. The DJIA was +4.26%, NASDAQ +6.75%, SPX +4.53%.

Company PBR
Rank
Symbol Price
05/29/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Camping World 539 CWH $ 21.18 +139 +101 +11
United Natural Foods
146 UNFI $ 19.60 +84 +93 -57
Penn Natl Gaming
514 PENN $ 32.81 +84 +74 -4
Twilio
992 TWLO $ 197.60 +76 +50 +266
Ocwen Financial 995 OCN $ 0.74 +75 -52 -83

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +351% to -99%412 out of 997 stocks were up 0% or more. The average was a gain of 2.97%, the median was a loss of 8.70%. The DJIA was +2.29%, NASDAQ +27.33%, SPX +10.62%.

Company PBR
Rank
Symbol Price
05/29/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 117 TSLA $ 835.00 +7 +351 +193
Owens & Minor 332 OMI $ 7.93 +12 +195 -51
NVIDIA 284 NVDA $ 255.02 +21 +162 +41
RH 806 RH $ 216.89 +51 +155 +122
Cincinnati Bell 956 CBB $ 14.73 +1 +130 +20

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +292% to -99%375 out of 977 stocks were up 0% or more. The average was a gain of 3.02%. The median was a loss of 16.01%. The DJIA was +3.96%, NASDAQ +27.52%, SPX +12.53%.

Company PBR
Rank
Symbol Price
05/29/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
AMD 435 AMD $ 53.80 +3 +96 +292
Twilio 992 TWLO $ 197.60 +76 +50 +266
Tesla 117 TSLA $ 835.00 +7 +351 +193
Roku 993 ROKU $ 109.51 -10 +21 +192
Veeva Systems 996 VEEV $ 218.87 +15 +42 +183

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

Table 4 Summary: The range was $1,379 billion to $0.01 billion. The average is $28.329 billionmedian is $6.65 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
05/29/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Apple 4 AAPL $ 1,379 B +10 +7 +58
Microsoft 20 MSFT $ 1,376 B +2 +14 +109
Amazon 2 AMZN $ 1,198 B +1 +31 +115
Alphabet 11 GOOG $ 968 B +5 +5 +33
Facebook 46 FB $ 642 B +16 +10 +25
The PBR1000
  $ 28,329 B +3 -6 +10

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

Company Price
05/29/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 89,312.64 +6.4 +3.0 +3.0
DJIA 25,383.11 +4.3 +2.3 +4.0
NASDAQ 9,489.87 +6.8 +27.3 +27.5
S&P500 3,044.31 +4.5 +10.6 +12.5
GOLD 1,743.00 +2.9 +32.9 +33.6
SILVER 18.49 +23.5 +26.9 +12.3
OIL            35.32 +87.5 -34.0 -47.3

To order a 12 month subscription of The PBR1000 Snapshots go to the Subscribe page.

Please use the Contact Us page if you are a The PBR1000 company and would like to increase your visibility to our worldwide base of shrewd investors.

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company. This service is used by astute business professionals and shrewd investors worldwide.

Disclaimers: The PBR1000 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 provider of news, data, and analysis. It is not a financial advisor firm or stock brokerage service, and is not affiliated with any such organization.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2020 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 May 2020 Breaking News Recap

The PBR1000 for May: When Do We Restart the Economy?

PBR1000 COVID19 Coronavirus Economy

Federal, State and Local Governments, Business Leaders, and the Public are all asking, “When do the drivers of the economy get the green light?”

By Larry C. Paxton

The May 2020 breaking news items of interest for The PBR1000 follow with the most current date first.

***Friday, May 29

The PBRMarketTools US Stock Exchanges Recap for Week 22 ending 05/29/20:

DJIA ends Week 22 at 25,383.11, +3.75% from last Friday, +4.26% MTD, +15.81% QTD, -11.06% YTD, -14.11% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 22 at 9,489.87, +1.77% from last Friday, +6.75% MTD, +23.24% QTD, +5.76% YTD, -3.33% from record 9,817.18 set 02/19/20.

SPX ends Week 22 at 3,044.31, +3.01% from last Friday, +4.53% MTD, +17.79% QTD, -5.77% YTD, -10.10% from record 3,386.15 set 02/19/20.

The end of May and Week 22 News Summary: Center stage during this Week 22 US 4 day work week was the ongoing US and China issues. While trade discussions have been difficult, the latest concern is China taking over more control of former UK colony Hong Kong. US President Trump’s immediate response is to use sanctions. The coronavirus pandemic continues to be big news as well. Countries around the world are starting to re-open their businesses and economy to mixed reviews. In the US many major retailers announced their re-openings and current plans for more. The coronavirus pandemic tally as of 12:32PM Eastern US by the John Hopkins University CSSE unit is now 5,878,701 confirmed cases globally with 362,769 deaths. For the US it’s 1,735,971 confirmed cases and 102,323 deaths. A stream of good news about potential vaccines and tests for coronavirus seemed to escalate during the week. The US economic news was mixed with real data indicating major downturns, especially for employment and real GDP adjusted down from -4.8% to -5.0%. However, it is also now showing some up signs, meaning negative numbers are starting towards the positive, and cautious optimism has been reflected in some interviews of Federal Reserve Board members. Week 22 was a typical progression from the start of May. The additional item of interest for May was the new $3 trillion stimulus package that went into effect mid-month to help businesses make it through the pandemic. It was certainly a good week and end of May for The Stock Market Bull. He came back well rested after the Memorial Day holiday, was eager to fight and quickly gored The Stock Market Bear deep on Tuesday and Wednesday. The Stock Market Bear recovered a little bit on Thursday, and Friday was a mixed result in favor of The Stock Market Bull who easily took Week 22 and the month of May with convincing 3-0 results, but still has a long way to go to get back to record levels achieved earlier in the year.

The Week 22 of 2020 tally YTD is:
The Stock Market Bull: 11 weeks
The Stock Market Bear: 10 weeks
Mixed Results: 1 week

The monthly tally YTD is:
The Stock Market Bull: 2 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

AbbVie(PBR94) gets US FDA approval for ORIAHNN™ (elagolix, estradiol, and norethindrone acetate capsules; elagolix capsules), the first oral medication for the management of heavy menstrual bleeding due to uterine fibroids in pre-menopausal women. $ABBV PR link.

Eli Lilly(PBR139) gets US FDA approval of CYRAMZA® (ramucirumab) as first-line treatment for metastatic EGFR-mutated non-small celllung cancer. $LLY PR link.

Eli Lilly(PBR139) gets US FDA approval of TAUVID™ (flortaucipir F 18 injection) for use in patients being evaluated for Alzheimer’s Disease. $LLY PR link.

Party City(PBR846) gets a Transaction Support Agreement with bond holders, to deleverage balance sheet by approximately $450 million, PCHI to also raise $100.0 million in new capital to increase its financial strength and support its global operations and ongoing transformation initiatives. $PRTY PR link.

The US Dept of the Treasury says the 05/27/20 US National Debt-Public is at $19.766 trillion, Intragovernmental $5.918 trillion, Total Debt $25.684 trillion, +2.8% from 04/29/20, +10.7% from 12/31/19, +16.6% from 05/31/19. USTreasury PR link.

The US Dept of Treasury 05/29/20 US 30 Year Treasury Bond Yield is at +1.41%, 04/30/20 was at +1.28%, 03/31/20 +1.35%, 05/31/19 +2.58%. USTreasury PR link.

The US Dept of Commerce/BEA says the Preliminary April 2020 US Personal Income Annual Rate is at $20.675 trillion, +10.5% from March 2020, +11.7% from April 2019; Personal Savings After Outlays is at $6.149 trillion, +33.0% from March 2020, +9.7% from April 2019. USDOC PR link.

The Federal Reserve Bank of Chicago says the Preliminary April 2020 US 7th District Midwest Economic Index is at -7.98, March 2020 was at -1.02. “Index suggests Midwest growth fell substantially in April.” ChiFed PR link.

MNI Indicators says the May 2020 Chicago Business Barometer(<50 = declining) is at 32.3, April 2020 was at 35.4, March 2020 47.8, May 2019 54.2. “… the lowest level since March 1982, as business confidence cooled further amid the Covid-19 crisis.” MNI PR link.

The American Automobile Assn says the 05/29/20 US Average Price for a Gallon of Gas is at $1.972, 04/30/20 was at $1.772, 03/31/20 $1.997, 05/31/19 $2.825. AAA PR link.

The U of Michigan May 2020 Final Consumer Sentiment Index is at 72.3, April 2020 was at 71.8, March 2020 89.1, May 2019 100.0. “The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the pandemic.” UMichigan PR link.

***Thursday, May 28

Amazon(PBR2) will convert 125,000 of the 175,000 temporary jobs hired since March to permanent roles if employees would like to stay at Amazon long term. $AMZN PR link.

CVS Health(PBR5) will open additional COVID-19 test sites at select CVS Pharmacy drive-thru locations on Friday, 05/29/20 to establish a total of 1,000 sites across more than 30 states and Washington, DC. $CVS PR link.

Cisco(PBR61) to acquire privately held San Francisco, CA based internet and cloud intelligence platform provider ThousandEyes, terms not disclosed. $CSCO PR link.

JCPenney(PBR291) has reopened 150 stores in 27 states, now has 304 reopened stores nationwide, plans to have 500 open by 06/03/20. $JCP PR link.

Quest Diagnostics(PBR394) gets US FDA emergency use authorization for the Quest Diagnostics Self-collection Kit for COVID-19 (self-collection kit), allows an individual to swab the front part of the nostril and may be used on children (supervised by an adult) as well as adults. $DGX PR link.

Under Armour(PBR515) reopened its first US stores on 05/15/20, opened additional stores last week, will have nearly 50% of its N America stores open by Friday, 05/29/20, will continue to reopen additional stores on a case-by-case basis. $UA PR link.

Capri(PBR517) is phasing reopening of global stores, in the Americas less than 15% of the 455 retail stores in the region are open, anticipates having the majority open by early 07/20. $CPR PR link.

Electronic Arts(PBR535) gets multi-year renewal with the National Football League (NFL) and the NFL Players Association (NFLPA), the EA SPORTS™ Madden NFLfranchise will exclusively create authentic football simulation games, and EA SPORTS, the NFL and the NFLPA will partner to develop games in new genres, expanded esports programs. $EA PR link.

The US Dept of Commerce/BEA says the 1Q20 2nd Estimate US Real Gross Domestic Product Annual Rate Change was -5.0% to $21,534.9 billion, -0.9% from 4Q19, +2.1% from 1Q19. USDOC PR link.

The US Dept of Labor says for Week Ending 05/23/20 the US 4 Week Moving Average Initial Unemployment Insurance Claims is at 2,608,000, for 04/25/20 it was at 5,033,250, 05/25/19 216,750; for Week Ending 05/16/20 the US 4 Week Moving Average Total Insured Unemployment is at 22,722,250, 04/18/20 was at 13,292,500, 05/18/19 1,672,500; 05/16/20 Insured Unemployment Rate is at 14.5%, 04/18/20 was at 12.4%, 05/18/29 1.2%. USDOL PR link.

The US Energy Information Administration says that 05/22/20 US Crude Oil Inventories are at 534.4 million barrels, 04/24/20 was at 527.6 mb, 03/20/20 455.4 mb, 5/24/19 476.5 mb. USEIA PR link.

FreddieMac says the 05/28/20 US Average 30 Year Fixed Home Mortgage Rate is at a record low of 3.15% with 0.8 points/fees, 04/30/20 was at 3.23%, 03/26/20 3.50%, 05/30/19 3.99%. FreddieMac PR link.

***Wednesday, May 27

Walmart(PBR1) enters the popular fashion resale market in partnership with ThredUP, has nearly 750,000 pre-owned items across women’s and children’s clothing, accessories, footwear and handbags. $WMT PR link.

AT&T(PBR9)’s WarnerMedia unit launches streaming service HBO Max, $14.99/mo, has over 10,000 hours of content. $T PR link.

GE(PBR33) to sell its GE Lighting business to Savant Systems, includes a long-term licensing agreement for use of the GE brand, terms not disclosed, to close mid 2020. $GE PR link.

Boeing(PBR40) has concluded its voluntary layoff program, involuntary layoff program to start, will affect 6,770 workers. $BA PR link.

Boeing(PBR40) has resumed production of the 737 MAX at its Renton, WA factory, to ramp up during rest of the year. $BA PR link.

Walt Disney(PBR49) has submitted a proposal to the Orange County Economic Recovery Task Force in Florida describing a phased reopening of Walt Disney World Resort theme parks planned to begin on 07/11/20. $GE PR link.

Archer-Daniels-Midland(PBR54) and beef producer Marfrig (B3:MRFG3) to create PlantPlus Foods, a joint venture for the sale of plant-based food products across S American and N American markets. $ADM PR link.

Gilead Sciences(PBR134) enters into 10 year partnership with Arcus Biosciences(NYSE: RCUS) to co-develop and co-commercialize next-generation cancer Immunotherapies, Gilead to pay $175 million upfront plus a $200 million equity investment plus up to $1.6 billion based on milestones achieved. $GILD PR link.

Marriott Intl(PBR151) has informed above-property associates in the US that furloughs and reduced work week schedules which began in April will be extended through 10/02/20, is also rolling out a voluntary transition program for on-property and above-property associates in the US who may choose to leave the company. $MAR PR link.

American Electric Power(PBR203) has received approvals to acquire the entire planned 1,485 megawatts (MW) of wind generation in Oklahoma, will invest approximately $2 billion in this new renewable energy to serve its Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) customers. $AEP PR link.

MGM Resorts(PBR243) reopening its Las Vegas properties Bellagio, New York-New York, MGM Grand Las Vegas and The Signature on 06/04/20. $MGM PR link.

Wynn Resorts(PBR439) to re-open its Wynn Las Vegas on 06/04/20. $WYNN PR link.

Boyd Gaming(PBR695) to resume operations at 9 properties in Nevada on 06/04/20, 2 properties in Missouri and 2 in Iowa on 06/01/20. $BYD PR link.

The US Federal Reserve releases the Beige Book for data collected through 05/18/20. “Although many contacts expressed hope that overall activity would pick-up as businesses reopened, the outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery.” USFed PR link.

The US Federal Bank of Richmond says the May 2020 US 5th District Manufacturing Index(Annualized) is at -27%, April 2020 was at -53%, March 2020 +2%, May 2019 +7%. “… contacts expected conditions to improve in
the next six months.” RichmondFed PR link.

The US Federal Bank of Richmond says the May 2020 US 5th District Service Sector Revenue Index(Annualized) is at -48%, April 2020 was at -87%, March 2020 +1%, May 2019 +3%. “Survey respondents expected conditions and revenues to remain soft in the coming months.” RichmondFed PR link.

***Tuesday, May 26

Alphabet(PBR11)’s Google unit to phase in re-opening of offices starting 07/06/20 at around 10% of capacity, 30% by September, giving each Googler an allowance of $1,000, or the equivalent value in a country, to expense necessary equipment and office furniture for the majority who continue to work from home. $GOOG PR link.

Merck(PBR66) to acquire privately held vaccines, including a COVID-19 candidate, and immune-modulation therapies for infectious diseases and cancer developer Themis, terms not disclosed. $MRK PR link.

Bristol-Myers Squibb(PBR108) gets US FDA approval for Opdivo® (nivolumab) + Yervoy® (ipilimumab) combined with limited chemotherapy as first-line treatment of metastatic or recurrent non-small cell lung cancer. $BMY PR link.

JCPenney(PBR291) launches its Linden Street brand with 100% cotton sheet sets starting at $40, and quilts and comforters ranging from $90 to $220. $JCPNQ PR link.

Regeneron(PBR387) offering a secondary public offering of 12.8 million of Sanofi‘s 23.2 million common shares, to repurchase approximately $5 billion of common stock directly from Sanofi, Sanofi to hold around 400,000 shares after common stock sale. $REGN PR link.

Triumph Group(PBR686) says all 36 of its operational factories have returned to safe operational status following closures related to government-mandated shutdowns, COVID-19 cases, and temporary closure of customer facilities, has recalled approximately 2,000 of the previously announced 4,200 furloughs, and completed the 700-person reduction in force of salaried positions. $TGI PR link.

Six Flags(PBR963) to re-open its Frontier City in Oklahoma City, OK, park with limited capacity beginning 06/05/20. $SIX PR link.

The US Federal Reserve Bank of Chicago says the Preliminary April 2020 US National Activity Index is at -16.74, March 2020 was at -4.97, February 2020 +0.05, April 2019 -0.69. ChiFed PR link.

The US Dept of Commerce/HUD says the Preliminary April 2020 US New Family Homes Sold Annual Rate is at 623,000 units, March 2020 was at 619,000, February 2020 717,000, April 2019 664,000; April 2020 Median Home Price is at $309,900, March 2020 was at $326,900, February 2020 $331,400, April 2019 $339,000. USDOC PR link.

The S&P CoreLogic Case-Shiller Preliminary March 2020 US Natl Composite Home Price Index((01/2000=100) is at 214.96, February 2020 was at 213.16, January 2020 212.34, March 2019 205.99, a 4.4% increase year-to-year. Case-Shiller PR link.

The Conference Board says the Preliminary May 2020 Consumer Confidence Index(1985=100) is at 86.6, April 2020 was at 85.7, March 2020 118.8, May 2019 131.3. “While the decline in confidence appears to have stopped for the moment, the uneven path to recovery and potential second wave are likely to keep a cloud of uncertainty hanging over consumers’ heads.” TCB PR link.

The US Federal Reserve Bank of Philadelphia says the May 2020 US 3rd District Non-Manufacturing General Activity Index is at -68.6, April 2020 was at -96.4, March 2020 -35.1, May 2019 +16.8. PhillyFed PR link.

***Monday, May 25

***US Memorial Day
***Remembering the fallen heroes
***who made the ultimate sacrifice
***so that we can remain free
***and a beacon of hope.
***US Stock Exchanges Closed.

***Friday, May 22

The PBRMarketTools US Stock Exchanges Recap for Week 21 ending 05/22/20:

DJIA ends Week 21 at 24,465.16, +3.29% from last Friday, +0.49% MTD, +11.63% QTD, -14.27% YTD, -17.21% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 21 at 9,324.59, +3.44% from last Friday, +4.89% MTD, +21.10% QTD, +3.92% YTD, -5.02% from record 9,817.18 set 02/19/20.

SPX ends Week 21 at 2,955.45, +3.20% from last Friday, +1.48% MTD, +14.35% QTD, -8.52% YTD, -12.72% from record 3,386.15 set 02/19/20.

The Week 21 News Summary: During the week more retailers, manufacturers and other businesses announced their plans for re-opening during the coronavirus pandemic, with social distancing and other health aids being a part of the mix. The tally as of 12:32PM Eastern US by the John Hopkins University CSSE unit says there are now 5,169,907 confirmed cases globally with 335,993 deaths. For the US it’s 1,591,242 confirmed cases and 95,533 deaths. US economic data now shows much of the near term impact, such as jobs lost and existing home sales tumbling, but there are also some consumer and business surveys, which are more current, that indicate some optimism after the significant spike downwards. The US Federal Reserve says it still has more ways to help the economy recover. In the minutes of the last meeting of the Federal Open Market Committee it was very clear that they had significant discussions about how to proceed. Forecasts are all over the place with some experts saying there will be a quick recovery, meaning during the 3rd and 4th quarters of this year, and some saying it will take well into 2021 or 2022, some say even later, for a full recovery. This year will be compounded by the election process where both sides will most assuredly exaggerate their points of view on the economy and how they will fix it. Perhaps the biggest event of the week was the renewed tension between the US and China on trade issues. Investors started the week very positive. The Stock Market Bull, after the big loss last week, come out determined to redeem himself on Monday and was helped by news of a potential coronavirus vaccine result, and had a huge day. But The Stock Market Bear responded back on Tuesday as the news was questioned, then lost again on Wednesday, took Thursday, and Friday was a slight edge for The Stock Market Bull, who gets a strong Week 21 3-0 victory. We head into a long Memorial Day weekend with a breather for the stock exchanges on Monday, and then the finish of another volatile month in Week 22. Enjoy the long weekend, still stay safe and don’t eat too many hotdogs!

The Week 21 of 2020 tally YTD is:
The Stock Market Bull: 10 weeks
The Stock Market Bear: 10 weeks
Mixed Results: 1 week

Bed Bath & Beyond(PBR277) to have around 50% of its stores open by 06/13/20, includes about 500 Bed Bath & Beyond stores across North America, as well as around 50 Christmas Tree Shop stores and around 50 Cost Plus World Market stores in the US, is in addition to buybuy BABY and Harmon Face Values stores that have remained open; phase-in will bring approximately 11,000 associates back from furlough. $BBBY PR link.

Hertz(PBR314) and its US and Canada units file voluntary petitions for reorganization under Chapter 11 in the US Bankruptcy Court, impact of coronavirus pandemic, does not include international or franchise locations, businesses remain open, has $1 billion in cash available to support ongoing operations. $HTZ PR link.

***Thursday, May 21

Macy’s(PBR118) closed all stores on 03/18/20, started re-opening on 05/04/20, have approximately 190 Macy’s and Bloomingdale’s stores open in their full formats, expect another 80 Macy’s stores to open for Memorial Day weekend, has seen a steady uptick in online sales. $M PR link.

L Brands(PBR243 $LB) to close 250 Victoria’s Secret stores in the US and Canada, sees brand generating $5.5-6.0 billion in revenues per year. The Motley Fool PR link.

YUM!(PBR491)’s Taco Bell unit to hire 30,000+ team members this summer. $YUM PR link.

Harley-Davidson(PBR507 $HOG) has begun a planned phased approach to resuming production in its US manufacturing facilities, full staffing of 1,000 expected at the engine and drivetrain factory in Menomonee Falls, WI, following Memorial Day weekend. Milwaukee Sentinel Journal PR link.

Tempur Sealy(PBR729) has begun opening its domestic retail stores in a phased approach, expects the vast majority of its approximately 160 U.S. retail locations to be open by the end of May. $TPX PR link.

The Conference Board says the April 2020 US Leading Economic Index(2016=100) is at 98.8, March 2020 was at 103.2, February 2020 110.6, April 2019 111.9. “Business conditions may recover for some sectors and industries over the next few months… But, the breadth and depth of the decline in the LEI suggests that an imminent re-opening of some sectors does not imply a fast rebound for the economy at large.” TCB PR link.

The Natl Assn of Realtors says the Preliminary April 2020 US Existing Home Sales Annual Rate is at 4,330,000 units, March 2020 was at 5,270,000, April 2019 5,230,000; Median Sales Price is at $286,800, March 2020 was at $280,600, April 2019 $267,000. NAR PR link.

The Federal Reserve Bank of Philadelphia says the May 2020 US 3rd District Manufacturing General Activity Indicator is at -43.1, April 2020 was at -56.6, March 2020 -12.7, May 2019 +17.5. “The firms expect the current slump in manufacturing activity to last less than six months, as the broadest indicator of future activity strengthened further from last month’s reading; furthermore, the firms continue to expect overall growth in new orders, shipments, and employment over the next six months.” PhillyFed PR link.

***Wednesday, May 20

Intel(PBR45) has acquired wifi solutions provider Rivet Networks$INTC PR link.

The US Federal Open Market Committee releases the minutes from its 04/28-29/20 meeting, says “The staff observed that uncertainty regarding the economic effects of the coronavirus outbreak was extremely elevated and that the historical behavior of the U.S. economy in response to past economic shocks provided limited guidance for making judgments about how the economy might evolve over coming quarters.” FOMC PR link.

***Tuesday, May 19

Amazon(PBR2 $AMZN) to open new 820,000sf fulfillment center in former General Motors facility in Wilmington, DE, is third facility in state, will employ 1,000 fulltime workers. MarketWatch PR link.

Facebook(PBR140) launches Facebook Shops, a mobile-first shopping experience where businesses can easily create an online store on Facebook and Instagram for free. $FB PR link.

Kohl’s(PBR160) in quarterly report says it has opened up around 50% of its stores with the latest health and safety measures. $KSS PR link.

MGM Resorts(PBR244) to re-open its two Mississippi properties, Gold Strike Casino Resort in Tunica will reopen in a limited capacity to the public on 05/25/20, followed by Biloxi’s Beau Rivage Resort & Casino’s reopening 06/01/20, also in a limited capacity. $MGM PR link.

Darden Restaurants(PBR361) started re-opening restaurants 04/27/20, 49% now open through 05/17/20, with dining rooms limited to 25%-50% of capacity, expects to have 65% open by 05/31/20. $DRI PR link.

Capri(PBR518) says because of complications from the COVID-19 pandemic it is unable to file its annual 10-K report with the SEC, has up to 45 days after 05/27/20 to be in compliance. $CPRI PR link.

Pier 1 Imports(PBR954) seeking Bankruptcy Court approval to begin an orderly wind-down of its retail operations as soon as reasonably possible after store locations are able to reopen following the government-mandated closures during the COVID-19 pandemic, has not been able to find a buyer. $PIRRQ PR link.

The US Dept of Commerce/HUD says the Preliminary April 2020 New Residential Construction Building Permits-Private Housing Annual Rate is at 1,074,000, March 2020 was at 1,356,000, February 2020 1,438,000, April 2019 1,330,000. Click on the link for Housing Starts, House Completions and additional data. USDOC PR link.

***Monday, May 18

Verizon(PBR19) completes acquisition of 390 employees enterprise-grade cloud-based video conferencing and event platform provider BlueJeans, will be deeply integrated into Verizon’s 5G product roadmap, providing secure and real-time engagement solutions for high growth areas such as telemedicine, distance learning and field service work. $VZ PR link.

Occidental Petroleum(PBR149) has completed sale of Anadarko’s Mozambique and South Africa assets to Total SA(NYSE: TOT), unable to sell Algerian assets per agreement with Algerian government, gets waiver from Total to sell the Ghana assets to another party. $OXY PR link.

PG&E(PBR185) says preliminary indications for its Plan of Reorganization is getting overwhelming acceptance by the wildfire victims entitled to vote on the Plan, Plan confirmation hearing scheduled for 05/27/20, believes that it remains on track for Plan confirmation by 06/30/20. $PCG PR link.

Uber(PBR227 $UBER) to cut 3,000 more jobs on top of 3,700 announced on 05/06/20, 6,700 is about 25% of workforce, to close 45 offices, in response to drop in rides from coronavirus pandemic. MarketWatch PR link.

Huntsman(PBR430) completes $300 million cash acquisition of CVC Thermoset Specialties, a N American specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets, from Emerald Performance Materials LLC which is majority owned by affiliates of American Securities. $HUN PR link.

GameStop(PBR450) letter to shareholders explains progress made under strategic program “GameStop Reboot,” addresses issues by dissident stockholders. $GME PR link.

SS&C Tech(PBR565) completes $120 million acquisition of New York-based 150+ employees developer of systems for trust accounting, payments and unique asset servicing on modern, web-based technology Innovest Systems$SSNC PR link.

Boyd Gaming(PBR696) plans to reopen 7 casino properties in Louisiana and Mississippi this week, 2 more next week. $BYD PR link.

Hertz(PBR315) President/CEO Kathryn V. Marinello resigns from her roles and as a Board member, will continue in a consulting position for up to 1 year, EVP/Chief Retail Operations Officer N America Paul Stone elected to be President/CEO and Board member effective immediately. $HTZ PR link.

The Natl Assn of Home Builders says the Preliminary May 2020 Housing Market Composite Index(<50 = more builders view conditions as poor than good) is at 37, April 2020 was at 30, March 2020 72, May 2019 66. “As many states and localities across the nation lift stay-at-home orders and more furloughed workers return to their jobs, we expect this demand will strengthen. Other indicators that suggest a housing rebound include mortgage application data that has posted four weeks of gains and signs that buyer traffic has improved in housing markets in recent weeks.” NAHB PR link.

***Friday, May 15

The PBRMarketTools US Stock Exchanges Recap for Week 20 ending 05/15/20:

DJIA ends Week 20 at 23,685.42, -2.56% from last Friday, -2.71% MTD, +8.07% QTD, -17.01% YTD, -19.85% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 20 at 9,014.56, -1.17% from last Friday, +1.41% MTD, +17.07% QTD, +0.47% YTD, -8.18% from record 9,817.18 set 02/19/20.

SPX ends Week 20 at 2,863.70, -2.26% from last Friday, -1.67% MTD, +10.80% QTD, -11.36% YTD, -15.43% from record 3,386.15 set 02/19/20.

The Week 20 News Summary: Several national governments are starting to open up their economies somewhat as the COVID-19 pandemic continues. The tally as of 12:32PM Eastern US by the John Hopkins University CSSE unit says there are now 4,516,360 confirmed cases globally with 306,051 deaths. For the US it’s 1,432,045 confirmed cases and 86,851 deaths. Many US states are starting to open up their economies for most businesses, with social distancing and use of face masks being pushed as the responsibility for workers and customers. The US Food and Drug Administration continues to aggressively issue Emergency Use Authorizations for tests and possible treatments. President Trump says there will be a vaccine by the end of the year, but many view this as too optimistic. The openings are controversial with many prominent health professionals saying this is dangerous and will increase the spread of COVID-19, but politicians being pushed by businesses to say the risk to the economy is greater. It is a difficult balancing act with no clear cut answers at this time, even though there will be many in hindsight. US economic news was gloomy at best as figures from February through April are starting to show. The weekly initial jobless numbers continue to be in the millions, job openings is down, and there are concerns that it will take the 36 million employees out of work years to recover. Comments by members of the US Federal Reserve were not particularly encouraging as well. The US House has put together a new stimulus package of $3 trillion, but many have said it is dead on arrival. The US-China trade talks seem to have reached an impasse at this time, and the Saudi Arabia-Russia oil production issues continue to keep oil prices abnormally low. The Stock Market Bear was angry about his loss last week and charged hard at The Stock Market Bull and took out a big chunk of his hide the first 3 days of the week. The Stock Market Bull made some valiant attempts to come back the last two days of the week but it was not nearly enough, and he is forced to relinquish Week 20 with a 0-3 record.

The Week 20 of 2020 tally YTD is:
The Stock Market Bull: 9 weeks
The Stock Market Bear: 10 weeks
Mixed Results: 1 week

Facebook(PBR46) has acquired GIPHY, 50% of its traffic is from Facebook, Facebook to further integrate GIPHY’s GIF library into Instagram and other Facebook apps, terms not disclosed. $FB PR link.

Bristol-Myers Squibb(PBR108) gets US FDA approval for Opdivo® (nivolumab) + Yervoy® (ipilimumab) as first-line treatment of patients with metastatic non-small cell lung cancer shose tumors express PD-L1≥1%. $BMY PR link.

Bristol-Myers Squibb(PBR108) gets US FDA approval for Pomalyst® (pomalidomide) for AIDS-related and HIV-Negative kaposi sarcoma. $BMY PR link.

JCPenney(PBR292) files voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, has restructuring support agreement with lenders holding approximately 70% of JCPenney’s first lien debt who are providing $900 million in debtor-in-possession financing, stores to close in phases during process. $JCP PR link.

Legg Mason(PBR761) shareholders approve $50.00/share cash, will also assume about $2 billion of Legg Mason’s outstanding debt, acquisition by Franklin Resources(PBR478), to close in 3Q20. $LM PR link.

GNC(PBR885) gets amended agreements to extend the springing maturity dates for the term loan facility, FILO credit facility and revolving credit facility to get balance under $50 million from 05/16/20 to 08/10/20. $GNC PR link.

WW(PBR963) says it will be laying off some personnel worldwide, expects reduction in force to be completed by end of 2020. $WW PR link.

The US Dept of Labor says the Preliminary March 2020 Job Openings-Private is at 5,462,000, Government 730,000, Total 6,192,000, February 2020 was at 7,005,000, March 2019 7,364,000. USDOL PR link.

The US Federal Reserve says the Preliminary April 2020 Industrial Production % of Capacity is at 64.9%, March 2020 was at 73.2%, February 2020 76.7%, April 2019 77.8%. USFed PR link.

The US Dept of Commerce/Census says the Preliminary March 2020 US Sales-Manufacturing is at $473.6 billion, Retail $437.6 billion, Wholesales $475.0 billion, Total Sales $1.386 trillion, February 2020 was at $1.463 trillion, January 2020 $1.471 trillion, March 2019 $1.458 trillion. USDOC PR link.

The US Dept of Commerce/Census says the Preliminary April 2020 US Sales-Retail is at $371.5 billion, Food Services & Drinking Places $32.4 billion, Total Retail Sales $403.9 billion, March 2020 was at $483.5, February 2020 $527.3 billion, April 2019 $515.3 billion. USDOC PR link.

The Federal Reserve Bank of New York says the May 2020 US Empire State Manufacturing General Business Conditions Index is at -48.5, April 2020 was at -78.2, March 2020 -21.5, May 2019 +14.4. “While current conditions remained extremely weak, firms grew more optimistic that conditions would be better six months from now.” NYFed PR link.

The U of Michigan Preliminary May 2020 US Consumer Sentiment Index is at 73.7, April 2020 was at 71.8, March 2020 89.1, May 2019 100.0. “Confidence inched upward in early May as the CARES relief checks improved consumers’ finances and widespread price discounting boosted their buying attitudes. Despite these gains, personal financial prospects for the year ahead continued to weaken, falling to the lowest level in almost six years…” UMichigan PR link.

***Thursday, May 14

Kroger(PBR22) says it has hired more than 100,000 workers in the past eight weeks, including those from the hardest-hit sectors like restaurants, hotels and food service distributors, continues to hire. $KR PR link.

Delta(PBR65) to retire its 18 widebody Boeing 777s by the end of 2020 as a result of the COVID-19 pandemic, will accelerate strategy to simplify and modernize its fleet, while continuing to operate newer, more cost-efficient aircraft. $DAL PR link.

Goldman Sachs(PBR87) to acquire McLean, VA based 160 employees and around $11 billion in assets for RIAs boutique custodian for wealth management firms Folio Financial, to close in 3Q20, terms not disclosed. -Folio Financial $GS PR link.

Carnival Corp(PBR153) provides update on response to COVID-19 pandemic, is doing a combination of layoffs, furloughs, reduced work weeks and salary reductions across the company, including senior management, as all ships return to their home ports. $CCL PR link.

Tapestry(PBR474) expects to have over 300 Coach, Kate Spade, and Stuart Weitzman stores in N America offering curbside or store pickup service by the end of this week and around 120 stores to be open in Europe, Japan, Malaysia, and Australia, all stores are already open in China and S Korea. $TPR PR link.

Columbia Sportswear(PBR737) to reopen 30 branded stores in ten states on Friday, 05/15/20, bringing back more than 250 of its furloughed retail workers. $COLM PR link.

The US Dept of Labor says the Preliminary April 2020 US All Imports Price Index is at -2.6%, March 2020 was at -2.4%, February 2020 -0.7%, April 2019 +0.2%; All Exports Price Index is at -3.3%, March 2020 was at -1.7%, February 2020 -1.2%, April 2019 +0.1%; Year-to-Year All Imports is -6.8%, All Exports -7.0%. USDOL PR link.

***Wednesday, May 13

Ford(PBR12) to restart initial production in the UK at its Dagenham Engine Plant in Essex and Bridgend Engine Plant in South Wales from 05/18/20, means that all of Ford’s European manufacturing facilities will be back at work. $F PR link.

The US Dept of Labor says the Preliminary April 2020 Total Final Month Demand Producer Price Index is -1.3%, March 2020 was at -0.2%, February 2020 -0.6%, April 2019 +0.4%, Last 12 Months -1.2%. USDOL PR link.

***Tuesday, May 12

Facebook(PBR46 $FB) to pay $52 million to current and former moderators to compensate them for mental health issues developed on the job. The Verge PR link.

Thermo Fisher Scientific(PBR112) gets US FDA approval for further expanded emergency use authorization (EUA) for its multiplex real-time PCR test intended for the qualitative detection of nucleic acid from SARS‑CoV‑2, the virus that causes COVID-19$TMO PR link.

Gilead Sciences(PBR134) has signed non-exclusive voluntary licensing agreements with five generic pharmaceutical manufacturers based in India and Pakistan to further expand supply of remdesivir for distribution in 127 nearly all low-income and lower-middle income countries, as well as several upper-middle- and high-income countries that face significant obstacles to healthcare access. $GILD PR link.

Las Vegas Sands(PBR232) decides to discontinue its pursuit of Integrated Resort (IR) development in Japan$LVS PR link.

LabCorp(PBR264) is offering its COVID-19 at-home collection test kit to individuals nationwide who have symptoms consistent with COVID-19 infection and individuals without symptoms who may have been exposed to the virus, no upfront cost, is in addition to healthcare workers and first responders. $LH PR link.

The US Dept of Treasury says the April 2020 US Federal Government Receipts are at $241.9 billion, Outlays $980.0 billion, for a Deficit of $737.9 billion; April 2020 YTD Receipts(7 Months) are at $1.845 trillion, YTD Outlays $3.327 trillion, YTD Deficit $1.481 trillion, YTD April 2019 was at $ 0.531 trillion. USTreasury PR link.

The US Dept of Labor says the Preliminary April 2020 Current Average Employee Earnings/Hour is at $30.01, Average Hours Worked Per Week 34.2, for Average Current Weekly Earnings of $1,026.34, +5.0% from March 2020, +7.3% from April 2019. USDOL PR link.

The US Dept of Labor says the April 2020 Consumer Price Index Change is at -0.8%, March 2020 was at -0.4%, February 2020 +0.1%, April 2019 +0.3%, Last 12 Months +0.3%. USDOL PR link.

CoreLogic says the February 2020 US Home Loans 30 Days or More Delinquent is at 3.6%, January 2020 was at 3.5%, December 2019 3.7%, February 2019 4.0%. “After a long period of decline, we are likely to see steady waves of delinquencies throughout the rest of 2020 and into 2021. The pandemic and its impact on national employment is unfolding on a scale and at a speed never before experienced and without historical precedent. The next six months will provide important clues on whether public and private sector countermeasures — current and future — will soften the blow and help us avoid the protracted, widespread foreclosures and delinquencies experienced in the Great Recession.” USDOL PR link.

***Monday, May 11

Abbott(PBR99) gets US FDA Emergence Use Authorization(EUA) for SARS-CoV-2 IgG lab-based serology blood test on the Alinity™ i system, plans to ship nearly 30 million antibody tests globally in May across its ARCHITECT® and Alinity i™ platforms and will have capacity for 60 million tests in June, is 4th COVID-19 US FDA EUA. $ABT PR link.

Tesla(PBR117) on 05/09/20 outlines plans to re-open Fremont, CA manufacturing facility, files lawsuit against Alameda County for City of Fremont denying re-open. $TSLA PR link.

Tesla(PBR117) Founder/CEO Elon Musk tweets that the Fremont, CA manufacturing facility is restarting production today against Alameda County rules, if anyone is arrested asks that it be only him. $TSLA PR link.

PNC Financial(PBR177) to sell its 22.4% investment in BlackRock(PBR218) through a registered offering and related buyback by BlackRock for $1.1 billion. $PNC PR link.

Coty(PBR354) to get initial investment of $750 million through the sale of convertible preferred shares to KKR(PBR608), sign a Memorandum of Understanding for the sale of a majority in Coty’s Professional Beauty and Retail Hair Businesses including the Wella, Clairol, OPI and ghd brands at a contemplated enterprise value of $4.3 billion. $COTY PR link.

Stage Stores(PBR952) files voluntary petitions under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the Southern District of Texas, Houston Division, will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations, will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid. $SSI PR link.

***Friday, May 8

The PBRMarketTools US Stock Exchanges Recap for Week 19 ending 05/08/20:

DJIA ends Week 19 at 24,331.32, +2.56% from last Friday, -0.06% MTD, +11.01% QTD, -14.74% YTD, -17.66% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 19 at 9,121.32, +6.00% from last Friday, +2.61% MTD, +18.46% QTD, +1.66% YTD, -7.09% from record 9,817.18 set 02/19/20.

SPX ends Week 19 at 2,929.80, +3.50% from last Friday, +0.60% MTD, +13.36% QTD, -9.32 YTD, -13.48% from record 3,386.15 set 02/19/20.

The Week 19 News Summary: Several US states have loosened up some restrictions put in place over the past few months to help prevent the spread of COVID-19. Many companies in some some industries have been given the go-ahead and are starting cautiously to re-open their businesses. There are mixed opinions on this, as public and private health professionals would prefer to keep the restrictions in place, but business owners are bleeding cash and need to get their establishments running again to prevent permanent loss of their establishments. In April the US lost over 20 million jobs and the unemployment rate jumped from 3.5% a few months ago to 14.7%. Many experts are saying this is a “light” figure because many more people have been affected that have not been able to be counted for some reason. The latest COVID-19 numbers from John Hopkins U CSSE are: Globally confirmed cases are at 3,926,724, Deaths 273,034; US confirmed cases are at 1,281,246, Deaths 76,901. It is hard to tell if the curve is flattening as old hotspots start fading away, but new ones start. With the start of the re-opening of the economy there was optimism on Wall StreetThe Stock Market Bear was kicked out of the pasture as The Stock Market Bull charged in. NASDAQ did especially well by being the first exchange to go back positive year-to-date. While The Stock Market Bull once again ties The Stock Market Bear year-to-date in weekly wins, there is still a lot of effort that will be needed to get back above last year and to be in records territory. The question is, “Can The Stock Market Bull maintain his Spring romp in May?”

The Week 19 of 2020 tally YTD is:
The Stock Market Bull: 9 weeks
The Stock Market Bear: 9 weeks
Mixed Results: 1 week

Merck(PBR66) gets US FDA approval for LYNPARZA® (olaparib) as first-line maintenance treatment with Bevacizumab for HRD-positive advanced ovarian cancer. $MRK PR link.

AbbVie(PBR94) completes $193.23/share cash & stock $63 billion acquisition of Allergan(PBR197), creates a $50 billion revenues/year pharmaceutical company. $ABBV PR link.

Fluor(PBR166) on regulatory filing says it received a subpoena from the US Dept of Justice seeking documents and information related to 2Q19 charges; certain of the projects associated with those charges; and certain project accounting, financial reporting and governance matters, follows the US Securities and Exchange Commission investigation requesting on 02/18/20 similar information, Fluor is cooperating, Board has also formed a separate committee to do a review. $FLR PR link.

Royal Caribbean(PBR285) provides update on responses to COVID-19 pandemic, includes reducing workforce by around 26% of 5,000+ US shoreside employees. $RCL PR link.

The US Dept of Labor says the April 2020 US Total Number of Employed(Table A-1) is at 133,403,000, -22,369,000 from March 2020, -23,242,000 from April 2019; Total Unemployed is at 23,078,000, +15,937,000 from March 2020, +17,253,000 from April 2019; Unemployment Rate is at 14.7%, March 2020 was at 4.4%, February 2020 3.5%, April 2019 3.6%. USDOL PR link.

The US Dept of Commerce/Census says the Preliminary March 2020 US Wholesale Sales-Durables is at $225.8 billion, Non-Durables $249.2 billion, Total Sales $475.0 billion, -5.2% from February 2020, -5.2% from March 2019. See Table 1 for Inventories and Inventories/Sales Ratios. USDOC PR link.

***Thursday, May 7

UnitedHealth(PBR7) will provide more than $1.5 billion in initial assistance, including customer premium credits, to its UnitedHealthcare customers as many people have been unable to access routine or planned care due to the COVID-19 pandemic. $UNH PR link.

Alphabet(PBR11 $GOOG) drops controversial Sidewalk Labs unit ‘smart city’ project in Toronto. MarketWatch PR link.

Ford(PBR12) phasing in restart, includes its N American parts depots resuming full operations on 05/11/20, on 05/18/20 its N American assembly plants previously operating on three-shift patterns will return with two-shifts, most two-shift plants will return on one shift and most one-shift plants will operate on one shift, will include new health protocols, employees able to do their jobs remotely will continue to do so until advised otherwise. $F PR link.

Kohl’s(PBR159) to reopen stores in Alabama, Alaska, Arizona, Georgia, Idaho, Mississippi, Montana, and Texas, as well as a majority of its stores in Florida and Tennessee on Monday, 05/11, after opening stores in Arkansas, Oklahoma, South Carolina, and Utah earlier this week. $KSS PR link.

PG&E(PBR185) $200 million fine for causing deadly wildfires is waived by California regulators, fine would hinder PG&E’s plan to exit bankruptcy by 06/30/20 deadline. $PCG PR link.

Gap Inc(PBR198 $GPS) to open 800 stores by the end of May, will be across the company’s portfolio of chains including Old Navy, Banana Republic and Athleta, “Ship from store” service will be available at 1,000 stores and curbside pickup at 75, with plans to expand those services. MarketWatch PR link.

Charles Schwab(PBR291) to acquire assets of San Mateo, CA-based technology and data science developer of thematic investment strategies that allows investors to trade intelligently weighted baskets of stocks built around themes, investing styles or multi-asset models Motif, terms not disclosed, to close mid-2020. $SCHW PR link.

JCPenney(PBR292) and and Sephora USA have reaffirmed their long-standing partnership to operate Sephora inside JCPenney (SiJCP), have resolved outstanding legal matters and have agreed to mutually beneficial revisions to their joint enterprise operating agreement. $JCP PR link.

BorgWarner(PBR304) $3.3 billion all stock acquistion of Delphi Technologies PLC (NYSE: DLPH) amended to allow Delphi to use its $500 million revolving credit facility, exchange ratio lowered to 0.4307 shares of BorgWarner for each share of Delphi, on track to close in 2H20. $BWA PR link.

Ulta Beauty(PBR402) has curbside pickup in more than 700 locations, is planning to open around 180 locations in select states on 05/11/20. $ULTA PR link.

Fresh Del Monte(PBR579) reinstates share repurchase program, reflects the confidence it has in its long-term performance and its belief that it can successfully execute its strategy. $FDP PR link.

Tailored Brands(PBR758) to phase in opening of approximately 300 Men’s Wearhouse, Jos. A. Bank and K&G stores by Memorial Day, with the first stores opening in Georgia and Texas this week. $TLRD PR link.

TripAdvisor(PBR948) in 1Q20 report says response to COVID-19 includes a workforce reduction of around 700 employees, will likely impact another around 200, the 900 total representing 23% of the workforce, and furloughing a further approximately 850 employees, or 22% of its workforce. $TRIP PR link.

Cincinnati Bell(PBR970) shareholders approve $15.50/share cash, around $2.9 billion, includes debt, acquisition by Macquarie Infrastructure(PBR933), still needs regulatory approvals, to close in 1H21. $CBB PR link.

Fiserv(PBR303) CEO Jeffery Yabuki to step down on 07/01/20 after 15 years with the company, will continue to serve as Executive Chairman through 12/31/20, Frank Bisignano elected to become CEO. $FISV PR link.

Univar(PBR331) appoints independent Lead Director Christopher D. Pappas as independent Chairman, succeeds Stephen D. Newlin who will continue to serve on the Board. $UNVR PR link.

Teradata(PBR866) hires Steve McMillan as President/CEO and member of the Board effective 06/08/20, will succeed interim President/CEO Victor Lund who will continue as an advisor through 2020. $TDC PR link.

The US Federal Reserve says the Preliminary March 2020 Consumer Credit Outstanding-Revolving is at $1.066 trillion, Non-Revolving $3.143 trillion, Total $4.209 trillion, -0.3% from February 2020, +0.2% YTD(3 months), +3.8% from March 2019. USFed PR link.

The US Dept of Labor says the Preliminary 1Q20 US Business Sector Labor Productivity Output/Hour is at -2.3%, 4Q19 was at +1.0%, 3Q19 -0.4%, 1Q19 +4.0%. USDOL PR link.

FannieMae says the April 2020 US Home Purchase Sentiment Index is at 63.0, its lowest reading since November 2011, March 2020 was at 80.8, February 2020 92.5, April 2019 88.3. “… consumers reported a markedly more pessimistic view of homebuying and home selling conditions. Moreover, on net, more consumers reported that their household income is significantly lower today than it was 12 months ago.” FannieMae PR link.

***Wednesday, May 6

Ford(PBR12) in design collaboration with 3M(PBR98 $MMM) has built and is shipping 10,000+ powered airpurifying respirators(PAPRs) to healthcare workers, has ability to make 100,000 more, also receives order from New Jersey for 500,000 reusable gowns, can produce 200,000 per week. $F PR link.

Uber(PBR227) in response and demand as a result of the coronavirus pandemic is reducing its customer support and recruiting teams by approximately 3,700 full-time employee roles. $UBER PR link.

Marriott Vacations(PBR595) in response to coronavirus pandemic on its business is reducing corporate spending, includes furloughing 65% of associates and reducing work weeks by roughly 25%, on average, for its remaining associates. $VAC PR link.

Sinclair Broadcast(PBR607 $SBGI) agrees to pay record US Federal Communications Commission $48 million civil penalty and abide by a strict compliance plan in order to close three open investigations per its investigation into the company’s disclosure of information relating to its proposed acquisition of stations owned by Tribune MediaFCC PR link.

Sinclair Broadcast(PBR607) responds to $48 million fine by the US FCC, says it is pleased with the resolution and to be moving forward. $SBGI PR link.

Abercrombie & Fitch(PBR656) had closed stores mid March due to the coronavirus pandemic, to start to reopen stores in locations in N America and the EMEA region where regulations permit following guidance from government health authorities. $ANF PR link.

Danaher(PBR175) President/CEO Thomas P. Joyce Jr to retire on 09/01/20, EVP Rainer M. Blair named as successor. $DHR PR link.

Carlisle Cos(PBR548) Chairman David A. Roberts per mandatory retirement age of 72, President/CEO D. Christian Koch elected to add Chairman role to his responsibilities. $CSL PR link.

Hawaiian Electric(PBR759) Chairman since 2006 Jeff Watanabe retires, Retired Admiral Tom Fargo elected as the new Chairman. $HE PR link.

ADP says the April 2020 US Change In Employment-Small Businesses is at -6,005,000, Mid-Sized -5,269,000, Large-Sized -8,963,000, Total April 2020 -20,236,000, Total March 2020 was at a revised-149,000, Total February 2020 a revised +147,000, Total April 2019 +196,000, ADP PR link.

***Tuesday, May 5

Walgreens Boots Alliance(PBR18) to resume standard store operating hours starting today where permitted by local regulations. $WBA PR link.

Sysco(PBR55) in 3Q20 report says it has reduced its staffing levels by approximately 33% through a combination of temporary workforce furloughs and permanent reductions in force because of the impact to business by the COVID-19 pandemic. $SYY PR link.

United Airlines(PBR73) to slash 30% of management jobs starting in 10/20, at least 3,400 people, due to impact of COVID-19 pandemic. $UAL PR link.

Tyson(PBR75) to resume limited pork and beef production at its Waterloo, IA facility on Thursday, 05/07/20, with all workers being tested for COVID-19, and new health and social distancing rules. $TSN PR link.

Cognizant(PBR190) to acquire privately held Reston, VA based 1,000 employees global consultancy specializing in Workday enterprise cloud applications for finance and human resources Collaborative Solutions, terms not disclosed, to close in 2Q20. $CTSH PR link.

Uber(PBR227 $UBER) and Lyft(PBR868 $LYFT) being sued by the Attorney General of California and City Attorneys of Los Angeles, San Diego, and San Francisco alleging worker misclassification of drivers, says should be classified as employees and have benefits. CA AG Office PR link.

Charles Schwab(PBR291) to introduce Schwab Stock Slices™, will enable investors to own any of America’s leading companies from the S&P 500 for as little as $5 each, even if their shares cost more, to launch 06/09/20, investors can purchase a single stock slice or up to 10 different Stock Slices™ at once, commission-free. $SCHW PR link.

Hertz(PBR315) enters into forbearances and limited waivers with certain of its corporate lenders and holders of its asset-backed vehicle debt, provides Hertz with additional time through 05/22/20 to engage in discussions with its key stakeholders to develop a financing strategy and structure that better reflects the economic impact of the COVID-19 global pandemic and Hertz’ ongoing operating and financing requirements. $HTZ PR link.

Wayfair(PBR337) in 1Q20 report says it has 21.1 million active customers, up 29% from last year, 9.9 million orders delivered in 1Q20, +21% from last year, average order was $235. $W PR link.

Alexion Pharmaceutical(PBR534) to acquire commercial-stage biopharmaceutical company focused on life-threatening blood-related disorders Portola Pharmaceuticals(NASDAQ :PTLA) through a $18/share tender offer, around $1.4 billion, to close 3Q20. $ALXN PR link.

Bloomin’ Brands(PBR611) expects to have 336 total Bloomin’ Brands restaurant dining rooms opened with limited seating capacity across multiple states by the end of the day. $BLMN PR link.

Vornado Realty Trust(PBR867) in 1Q20 report says it has temporarily furloughed 1,803 employees, has collected substantially all rent due for 03/20 and collected 90% of rent due from office tenants for 04/20 and 53% of the rent due from retail tenants for 04/20, or 83% in the aggregate, rent relief and/or rent deferral for 04/20 and beyond has been requested by many retail and some office tenants. $VNO PR link.

The US Dept of Commerce/Census says the Preliminary March 2020 Total Exports-Goods is at $128.1 billion, Services $59.6 billion, Total Exports $187.7 billion, Total Imports-Goods is at $193.7 billion, Services $38.5 billion, Total Imports $232.2 billion, Total March 2020 Deficit $44.5 billion, Total March 2019 Deficit $52.6 billion, Total Exports YTD(3 Months) is at $603.8 billion, Total Imports YTD $733.6 billion, Total Deficit YTD $129.8 billion, March 2019 Total Deficit YTD was at $157.7 billion. USDOC PR link.

The Institute for Supply Management says the April 2020 US Non-Manufacturing Index(<50% = economy contracting) is at 41.8%, March 2020 was at 52.5%, February 2020 57.9%, April 2019 55.5%. “Respondents are concerned about the continuing coronavirus impacts on the supply chain, operational capacity, human resources and finances, as well as the uncertain timelines for the resumption of business and a return to normality.” ISM PR link.

The IHS Markit April 2020 US Composite PMI Output Index is at 27.0, March 2020 was at 40.9, February 2020 49.6, April 2019 53.0. “With hope, infections rates have peaked and the economic downturn should start to ease as virus-related restrictions are lifted. However, while manufacturing may see a rebound in production as increasing numbers of factories are allowed to re-open, prospects look bleaker for many parts of the services economy…” IHS Markit PR link.

The PurdueU/CME Group April 2020 Ag Economy Barometer Composite Index is at 96, March 2020 was at 121, February 2020 168, April 2019 115. “Concerns about the economic outlook for their farms led fewer farmers to think now is a good time to make large investments in their farming operation…” PurdueU/CME Group PR link.

***Monday, May 4

Apple(PBR4) updates the 13-inch MacBook Pro with the new Magic Keyboard, doubles the storage across all standard configurations, offers 10th-generation processors for up to 80% faster graphics performance, starts at $1,299. $AAPL PR link.

GE(PBR33) Aviation unit developing a plan for permanent reductions of it global employee base because of deep contraction of commercial aviation, anticipates it will bring total 2020 reductions to as much as 25%. $GE PR link.

Intel(PBR45) has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing, for approximately $900 million. $INTC PR link.

Starbucks(PBR107) expects over 85% of its locations to be open by 05/08/20, 90%+ by early June, based on experience of having 98%+ now open in China operating under revised protocols, now has nearly 20 million people using its mobile app. $SBUX PR link.

Performance Food(PBR161) in 3Q20 report says it has furloughed or eliminated around 3,500 positions. $PFGC PR link.

L Brands(PBR243) and Sycamore Partners mutually agree to terminate Sycamore’s 55% acquisition of Victoria’s Secret unit for $525 million, L Brands still plans to establish Bath & Body Works as a pure-play public company and is preparing the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses (collectively, Victoria’s Secret) to operate as a separate, standalone company; Leslie Wexner steps down as Chairman/CEO, remains on Board as Chairman Emeritus, CFO Stuart Burgdoerfer appointed Interim CEO & remains CFO, Bath & Body Works CEO Andrew Meslow to become L Brands CEO and director Sarah Nash to become L Brands Chairman on 05/14/20 at annual meeting. $LB PR link.

Leidos(PBR281) completes around $1 billion cash acquisition of L3Harris Technologies(PBR459) Security Detection and Automation businesses, which have 200 employees. $LDOS PR link.

NVIDIA(PBR286) to acquire Mountain View, CA-based Cumulus Networks, supports more than 100 hardware platforms with Cumulus Linux, its operating system for network switches, terms not disclosed. $NVDA PR link.

Express(PBR884) to phase in re-openings of its fashion apparel stores, expects to have around 300 open before Memorial Day. $EXPR PR link.

National Fuel Gas(PBR942) to acquire a Royal Dutch Shell plc (NYSE: RDS.A) subsidiary‘s upstream and midstream gathering assets in Pennsylvania for around $541 million, to close on 07/31/20. $NFG PR link.

Discover Financial(PBR229) appoints Board member Thomas Maheras as Chairman, succeeds Lawrence Weinbach who died unexpectedly on 05/01/20. $DFS PR link.

The US Dept of Commerce/Census says the Preliminary March 2020 US Manufacturers New Orders-Durables is at $240.4 billion, Non-Durables $233.2 billion, Total $473.6 billion, -10.3% from February 2020, -11.4% from March 2019. USDOC PR link.

***Friday, May 1

The PBRMarketTools US Stock Exchanges Recap for Week 18 ending 05/01/20:

DJIA ends Week 18 at 23,723.69, -0.22% from last Friday, -2.55% MTD, +8.24% QTD, -16.87% YTD, -19.72% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 18 at 8,604.95, -0.34% from last Friday, -3.20% MTD, +11.75% QTD, -4.10% YTD, -12.35% from record 9,817.18 set 02/19/20.

SPX ends Week 18 at 2,830.71, -0.21% from last Friday, -2.81% MTD, +9.52% QTD, -12.38 YTD, -16.40% from record 3,386.15 set 02/19/20.

The Week 18 News Summary: As numbers from the coronavirus pandemic continue to grow, but apparently at a slower rate, or at least an anticipated slower rate, decisions on how to open up the drivers of the economy are starting to move from the discussion stage to the action stage with the usual tumult of expert voices on all sides of the issues. The emergence from the crisis will be an interesting test for federal, state, and local officials, business leaders, and the public as they work through this. Do not expect it to work perfectly and without some loud noises, especially since it is also an election year. As stated in the month of April recap, the economic reports started showing some of the impact of 2-3 months of the slowdown/shutdown, as well as 1st quarter corporate earnings reports which were starting to be released towards the end of April. However, with the major plunges the stock exchanges experienced in the first quarter, there was a sharp turnaround in April, which ended this week. Nevertheless, the last day of April and 1st day of May were significant down days. Once again, expert opinions are divided about the future. So while The Stock Market Bull took a resounding first victory month in April, The Stock Market Bear managed to just barely claw out a 3-0 win for Week 18. Welcome to a new month, it will be another interesting one for sure.

The Week 18 of 2020 tally YTD is:
The Stock Market Bull: 8 weeks
The Stock Market Bear: 9 weeks
Mixed Results: 1 week

T-Mobile US(PBR69) says its Sprint unit had 538,000 total wireless net additions in 1Q20, total end of period connections were at 54,703,000. $TMUS PR link.

3M(PBR98) completes the around $650 million sale of substantially all of its $380 million in annual revenues drug delivery business to an Altaris Capital Partners affiliate, retains a 17% noncontrolling interest in the new company. $MMM PR link.

Gilead Sciences(PBR134) gets US FDA Emergency Use Authorization for the investigational antiviral remdesivir for the treatment of hospitalized patients with severe COVID-19 disease, Gilead will be donating 1.5 million doses, enough for 140,000+ cases based on a 10-day daily dossage regimen. $GILD PR link.

Spirit AeroSystems(PBR389) to layoff approximately 1,450 hourly and salaried employees at its site in Wichita, KS, as a result of lower demand for commercial aircraft because of the COVID-19 pandemic. $SPR PR link.

TravelCenters(PBR468) commences reorganization, includes reducing its corporate headcount by a total of approximately 130 and eliminating certain positions. $TA PR link.

KeyCorp(PBR396) completes planned leadership transition, Chairman/CEO Beth Mooney retires, Chris Gorman becomes Chairman/CEO. $KEY PR link.

The US Dept of Commerce says the Preliminary March 2020 Construction-Residential Annual Rate is at $557.9 billion, Non-Residential $802.6 billion, Total $1.361 trillion, +0.9% from February 2020, +4.7% from March 2019. USDOC PR link.

The Institute for Supply Management says the Preliminary April 2020 US Manufacturing PMI Index(<50 = economy is contracting) is at 41.5%, March 2020 was at 49.1%, April 2019 52.8%. “Comments from the panel were strongly negative (three negative comments for every one positive comment) regarding the near-term outlook, with sentiment clearly impacted by the coronavirus (COVID-19) pandemic and continuing energy market recession. The PMI® indicates a level of manufacturing-sector contraction not seen since April 2009, with a strongly negative trajectory.” ISM PR link.

IHS Markit says the April 2020 US Manufacturing PMI Index is at 36.1, March 2020 was at 48.5, February 2020 50.7, April 2019 52.6. “As restrictions are lifted, demand should gradually revive, but the trade-off between risking a second wave of infections and bringing the economy back to life looks set to be one of the greatest challenges faced by policy- and lawmakers in recent history. The process will inevitably be led by caution, meaning recovery will also be frustratingly slow.” IHS Markit PR link.

***Thursday, April 30

The PBRMarketTools US Stock Exchanges Recap for the month of April 2020 ending 04/30/20:

DJIA ends April at 24,345.72, +2.40% from last Friday, +11.80% MTD/QTD, -14.69% YTD, -17.62% from record 29,551.42 set 02/12/20.

NASDAQ ends April at 8,889.55, +2.95% from last Friday, +15.45% MTD/QTD, -0.93% YTD, -9.45% from record 9,817.18 set 02/19/20.

SPX ends April at 2,912.43, +2.67% from last Friday, +12.68% MTD/QTD, -9.85% YTD, -13.99% from record 3,386.15 set 02/19/20.

The April 2020 News Summary: It was another month of Coronavirus news and its effect on the world. As of late 04/30/20 the John Hopkins University CSSE COVID-19 Dashboard shows 3,271,692 cases confirmed worldwide with 232,807 deaths. In the US its 1,056,466 cases with 62,850 deaths. The response has included lockdowns, social distancing, temporary closures of businesses and schools, less traffic, and the pleasant side effects of bluer skies and being more aware birds chirping during a greening and flowering springtime. It is hopefully also a time for families to enjoy the playing and laughing with and getting to know better precious little ones. It has also been a time of great collaborations as companies work together to make ventilators, face masks, gowns, and other related medical aids, as well as accelerated development of new tests and vaccines. Medical practices started using telehealth capabilities. Only emergency situations were actively handled at hospitals. Significant internet bandwidth is being used, and seems to be working remarkably well, for on-line meetings, classes, and communications between loved ones. At the end of April some countries, and in the US some states, were starting to relax some restrictions. In the US the federal government launched some aggressive business loans programs and started sending out $1,200 stimulus checks to most adults, $500 for each child. The impact is around $3 trillion of new national debt. Towards the end of the month US economic indices and surveys, with data that often lags a month or two, started showing some of the damage, with just about all sectors down, except for some in technology and pharma. US initial unemployment claims climbed a remarkable 30,000,000 people in April from layoffs and furloughs. There do seem to be some indications that the cases and deaths are leveling off, but because not much is known about COVID-19 there are concerns about the virus recurring again soon and during the next flu season. Efforts to reopen the economy are being received with mixed reactions of optimism and skepticism from politicians, healthcare professionals, business leaders, and the public. Nevertheless, while the US stock exchanges suffered huge losses in February and March, in April there was a major resurgence, with daily activity still having big volatile up and down swings on an almost daily basis. But when the bell rang for April The Stock Market Bear, while still a big presence, lost out to The Stock Market Bull, who finally took over the pasture after some major struggles and prevails to win his first month of 2020 with a 3-0 victory, but there is a lot of ground to make up. Expert opinions remain varied and mixed, with many of them having agendas as well. Stay safe, keep informed, appreciate and thank those on the front lines, and we wish you and your dear ones the best as we all navigate and deal with these uncertain times.

The April 2020 tally YTD is:
The Stock Market Bull: 1 Month
The Stock Market Bear: 2 Months
Mixed Results: 1 Month

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The PBR1000 April 2020 Stocks & Commodities Snapshots

April 2020 The PBR1000: The Stock Market Bull Starts a Comeback

PBR1000 Snapshots Recap

After an embarrassing March The Stock Market Bull charges onto the pasture and takes charge in April. But he still has quite a way to go to fully recover lost territory.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for the month of April 2020 ending 04/30/20:

DJIA ends April at 24,345.72, +2.40% from last Friday, +11.80% MTD/QTD, -14.69% YTD, -17.62% from record 29,551.42 set 02/12/20.

NASDAQ ends April at 8,889.55, +2.95% from last Friday, +15.45% MTD/QTD, -0.93% YTD, -9.45% from record 9,817.18 set 02/19/20.

SPX ends April at 2,912.43, +2.67% from last Friday, +12.68% MTD/QTD, -9.85% YTD, -13.99% from record 3,386.15 set 02/19/20.

The April 2020 News Summary: It was another month of Coronavirus news and its effect on the world. As of late 04/30/20 the John Hopkins University CSSE COVID-19 Dashboard shows 3,271,692 cases confirmed worldwide with 232,807 deaths. In the US its 1,056,466 cases with 62,850 deaths. The response has included lockdowns, social distancing, temporary closures of businesses and schools, less traffic, and the pleasant side effects of bluer skies and being more aware birds chirping during a greening and flowering springtime. It is hopefully also a time for families to enjoy the playing and laughing with and getting to know better precious little ones. It has also been a time of great collaborations as companies work together to make ventilators, face masks, gowns, and other related medical aids, as well as accelerated development of new tests and vaccines. Medical practices started using telehealth capabilities. Only emergency situations were actively handled at hospitals. Significant internet bandwidth is being used, and seems to be working remarkably well, for on-line meetings, classes, and communications between loved ones. At the end of April some countries, and in the US some states, were starting to relax some restrictions. In the US the federal government launched some aggressive business loans programs and started sending out $1,200 stimulus checks to most adults, $500 for each child. The impact is around $3 trillion of new national debt. Towards the end of the month US economic indices and surveys, with data that often lags a month or two, started showing some of the damage, with just about all sectors down, except for some in technology and pharma. US initial unemployment claims climbed a remarkable 30,000,000 people in April from layoffs and furloughs. There do seem to be some indications that the cases and deaths are leveling off, but because not much is known about COVID-19 there are concerns about the virus recurring again soon and during the next flu season. Efforts to reopen the economy are being received with mixed reactions of optimism and skepticism from politicians, healthcare professionals, business leaders, and the public. Nevertheless, while the US stock exchanges suffered huge losses in February and March, in April there was a major resurgence, with daily activity still having big volatile up and down swings on an almost daily basis. But when the bell rang for April The Stock Market Bear, while still a big presence, lost out to The Stock Market Bull, who finally took over the pasture after some major struggles and prevails to win his first month of 2020 with a 3-0 victory, but there is a lot of ground to make up. Expert opinions remain varied and mixed, with many of them having agendas as well. Stay safe, keep informed, appreciate and thank those on the front lines, and we wish you and your dear ones the best as we all navigate and deal with these uncertain times.

The April 2020 tally YTD is:
The Stock Market Bull: 1 Month
The Stock Market Bear: 2 Months
Mixed Results: 1 Month

 

The April 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 4 days(04/22-27/20), NASDAQ 4 days(04/08-14/20),  and SPX 2 days(04/08-09/20, 04/16-17/20)

Longest Loss Streak(Consecutive Days): DJIA 2 days(04/20-21/20), NASDAQ 2 days(04/20-21/20), and SPX 2 days(04/20-21/20)

Big Swing Up Days(>1.00%): 11 days, 04/02/20(D +2.24%, N +1.72%, S +2.28%), 04/06/20(D +7.73%, N +7.33%, S +7.03%), 04/08/20(D +3.44%, N +2.58%, S +3.41%), 04/09/20(D +1.22%, S +1.45%), 04/14/20(D +2.39%, N +3.95%, S +3.06%), 04/16/20(N +1.66%), 04/17/20(D +2.99%, N +1.38%, S +2.68%), 04/22/20(D +1.99%, N +2.81%, S +2.29%), 04/24/20(D +1.11%, N +1.65%, S +1.34%), 04/27/20(D +1.51%, N +1.11%, S +1.47%), 04/29/20(D +2.21%, N +3.57%, S +2.66%)

Big Swing Down Days(<-1.00%): 8 days, 04/01/20(D -4.44, N -4.41%, S -4.41%), 04/03/20(D -1.69%, N -1.53%, S -1.51%), 04/13/20(D -1.39%, S -1.01%), 04/15/20(D -1.86%, N -1.44%, S -2.20%), 04/20/20(D -2.44%, N -1.03%, S -1.79%), 04/21/20(D -2.67%, N -3.48%, S -3.07%), 04/28/20(N -1.40%), 04/30/20(D -1.17%)

The PBR1000 April 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 April 2020 Snapshots. The price for stocks is for the close of trading on April 30, 20201 Month % Chg is compared to March 31, 202012 Months % Chg is compared to April 30, 2019, and the 24 Months % Chg is compared to April 30, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the April 2020 edition with the complete 15 Snapshots and 28 rankings and the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +318% to -77%906 out of 1,000 stocks were up 0% or more. The average was a gain of 13.65%, the median was a gain of 14.28%. The DJIA was +11.08%, NASDAQ +15.45%, SPX +12.68%.

Company PBR
Rank
Symbol Price
04/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Antero Resources 591 AR $ 2.98 +318 -59 -84
SM Energy
949 SM $ 4.05 +232 -75 -83
Apache Corp
451 APA $ 13.08 +213 -60 -68
Crestwood Equity
717 CEQP $ 10.94 +159 -70 -60
Range Resources 786 RRC $ 5.83 +156 -36 -58

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +228% to -99%247 out of 993 stocks were up 0% or more. The average was a loss of 9.69%, the median was a loss of 19.84%. The DJIA was -8.45%, NASDAQ +9.81%, SPX -1.13%.

Company PBR
Rank
Symbol Price
04/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 117 TSLA $ 781.88 +49 +228 +166
Owens & Minor 332 OMI $ 7.08 -23 +108 -56
Newmont Goldcorp 316 NEM $ 59.48 +31 +92 +51
Roku 993 ROKU $ 121.23 +39 +91 +273
AMD 433 AMD $ 52.39 +15 +90 +382

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +382% to -99%343 out of 974 stocks were up 0% or more. The average was a loss of 0.68%. The median was a loss of 17.88%. The DJIA was +0.76%, NASDAQ +25.80%, SPX +9.98%.

Company PBR
Rank
Symbol Price
04/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
AMD 433 AMD $ 52.39 +15 +90 +382
Roku 993 ROKU $ 121.23 +39 +91 +273
Veeva Systems 996 VEEV $ 190.80 +22 +36 +172
Twilio 992 TWLO $ 112.30 +25 -18 +166
Tesla 117 TSLA $ 781.88 +49 +228 +166

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

Table 4 Summary: The range was $1,350 billion to $0.01 billion. The average is $27.476 billionmedian is $6.53 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
04/30/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Microsoft 20 MSFT $ 1,350 B +11 +12 +105
Apple 4 AAPL $ 1,259 B +13 -2 +44
Amazon 2 AMZN $ 1,183 B +21 +29 +113
Alphabet 11 GOOG $ 922 B +17 -0 +26
Facebook 46 FB $ 554 B +17 -5 +8
The PBR1000
  $ 27,476 B +13 -9 +6

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

Company Price
04/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 84,203.33 +13.7 -9.7 -0.7
DJIA 24,345.72 +11.1 -8.5 +0.8
NASDAQ 8,889.55 +15.5 +9.8 +25.8
S&P500 2,912.43 +12.7 -1.1 +10.0
GOLD 1,694.20 +6.5 +31.8 +28.7
SILVER 14.97 +5.8 -0.1 -8.5
OIL            18.84 -6.3 -70.5 -72.5

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PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company. This service is used by astute business professionals and shrewd investors worldwide.

Disclaimers: The PBR1000 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 provider of news, data, and analysis. It is not a financial advisor firm or stock brokerage service, and is not affiliated with any such organization.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2020 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 April 2020 Breaking News Recap

The PBR1000: April is All About Social Distancing

PBR1000 Coronavirus COVID19

Every one must do their part to stop the spread of the COVID-19 virus, as Leonardo da Vinci’s Mona Lisa demonstrates.

By Larry C. Paxton

The April 2020 breaking news items of interest for The PBR1000 follow with the most current date first.

***Thursday, April 30

The PBRMarketTools US Stock Exchanges Recap for the month of April 2020 ending 04/30/20:

DJIA ends April at 24,345.72, +2.40% from last Friday, +11.80% MTD/QTD, -14.69% YTD, -17.62% from record 29,551.42 set 02/12/20.

NASDAQ ends April at 8,889.55, +2.95% from last Friday, +15.45% MTD/QTD, -0.93% YTD, -9.45% from record 9,817.18 set 02/19/20.

SPX ends April at 2,912.43, +2.67% from last Friday, +12.68% MTD/QTD, -9.85% YTD, -13.99% from record 3,386.15 set 02/19/20.

The April 2020 News Summary: It was another month of Coronavirus news and its effect on the world. As of late 04/30/20 the John Hopkins University CSSE COVID-19 Dashboard shows 3,271,692 cases confirmed worldwide with 232,807 deaths. In the US its 1,056,466 cases with 62,850 deaths. The response has included lockdowns, social distancing, temporary closures of businesses and schools, less traffic, and the pleasant side effects of bluer skies and being more aware birds chirping during a greening and flowering springtime. It is hopefully also a time for families to enjoy the playing and laughing with and getting to know better precious little ones. It has also been a time of great collaborations as companies work together to make ventilators, face masks, gowns, and other related medical aids, as well as accelerated development of new tests and vaccines. Medical practices started using telehealth capabilities. Only emergency situations were actively handled at hospitals. Significant internet bandwidth is being used, and seems to be working remarkably well, for on-line meetings, classes, and communications between loved ones. At the end of April some countries, and in the US some states, were starting to relax some restrictions. In the US the federal government launched some aggressive business loans programs and started sending out $1,200 stimulus checks to most adults, $500 for each child. The impact is around $3 trillion of new national debt. Towards the end of the month US economic indices and surveys, with data that often lags a month or two, started showing some of the damage, with just about all sectors down, except for some in technology and pharma. US initial unemployment claims climbed a remarkable 30,000,000 people in April from layoffs and furloughs. There do seem to be some indications that the cases and deaths are leveling off, but because not much is known about COVID-19 there are concerns about the virus recurring again soon and during the next flu season. Efforts to reopen the economy are being received with mixed reactions of optimism and skepticism from politicians, healthcare professionals, business leaders, and the public. Nevertheless, while the US stock exchanges suffered huge losses in February and March, in April there was a major resurgence, with daily activity still having big volatile up and down swings on an almost daily basis. But when the bell rang for April The Stock Market Bear, while still a big presence, lost out to The Stock Market Bull, who finally took over the pasture after some major struggles and prevails to win his first month of 2020 with a 3-0 victory, but there is a lot of ground to make up. Expert opinions remain varied and mixed, with many of them having agendas as well. Stay safe, keep informed, appreciate and thank those on the front lines, and we wish you and your dear ones the best as we all navigate and deal with these uncertain times.

The April 2020 tally YTD is:
The Stock Market Bull: 1 Month
The Stock Market Bear: 2 Months
Mixed Results: 1 Month

Apple(PBR4) in 2Q20 report says it has authorized an increase of $50 billion to the existing share repurchase program. $AAPL PR link.

Microsoft(PBR20 $MSFT) Teams usage has increased to more than 75 million daily active users, had 200 million meeting participants in a single day in April. The Verge PR link.

Boeing(PBR40) expects to close its $25 billion bond offering on 05/04/20, does not plan to seek additional funding through the capital markets or the US government options at this time. $BA PR link.

Intel(PBR45) introduces the 10th Gen Intel® Core™ S-series desktop processors, including Intel’s flagship Core i9-10900K processor, the world’s fastest gaming processor. $INTC PR link.

Macy’s(PBR118 $M) to reopen 68 stores on 05/04/20, another 50 stores on 05/11/20, and all 775 stores to be open in 6 weeks, with modified hours and adjustments. MarketWatch PR link.

Danaher(PBR175) completes $825 million sale of 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, sale was part of condition for its 03/31/20 acquisition of Biopharma. $DHR PR link.

SS&C Tech(PBR563) to acquire New York-based 150+ employees developer of systems for trust accounting, payments and unique asset servicing on modern, web-based technology Innovest Systems for $120 million, to close in 2Q20. $SSNC PR link.

Marathon Petroleum(PBR21) elects director John Surma as non-executive Chairman, President/CEO Michael Hennigan elected to the Board. $MPC PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims for the Week Ending 04/25/20 is at 3,839,000, 03/21/20 was at 3,283,000, 02/22/20 219,000, 04/20/19 230,000; Total Insured Unemployment on 04/18/20 is at 17,992,000, 04/13/19 was at 1,655,000; the Insured Unemployment Rate on 04/18/20 is at 12.4%, 04/13/19 was at 1.2%. USDOC PR link.

The US Dept of Commerce says the Preliminary March 2020 US Total Personal Income Annual Rate is at $18.696 trillion, -2.0% from February 2020, +1.4% from March 2019, Personal Current Taxes are at $2.188 trillion, Outlays $14.339 trillion, for Savings of $2.169 trillion, for a Savings Rate of 13.1%. USDOC PR link.

The US Dept of Labor says the 1Q20 Employment Cost Index for All Civilian Workers(12/2005=100) is at 140.0, 4Q19 was at 138.9, 1Q19 136.2. USDOL PR link.

The US Dept of Treasury says on 04/29/20 the US National Debt-Public is at $18.927 trillion, Intragovernmental $5.927 trillion, Total Debt $24.854 trillion, +4.9% from 03/31/20, +7.1% YTD, +12.8% from 04/30/19. USTreasury PR link.

The US Dept of Treasury says the Yield on a 10 Year Treasury Note on 04/30/20 is at 0.64%, 03/31/20 was at 0.70%, 02/28/20 1.13%, 04/30/19 2.51%. USTreasury PR link.

FreddieMac says the US Weekly Average 30 Year Fixed Mortgage Rate as of 04/30/20 is at 3.23% with 0.7 points/fees, 03/26/20 was at 3.50%, 02/27/20 3.45%, 04/25/19 4.2%. “These low rates are driving higher refinance activity and have modestly helped improve purchase demand from their extremely low levels in mid-April.” FreddieMac PR link.

The Federal Reserve Bank of Chicago says the Preliminary March 2020 US 7th District Midwest Economy Index is at -1.02, February 2020 was at -0.16, January 2020 -0.35, March 2019 +0.05. ChiFed PR link.

MNI Indicators says the April 2020 Chicago Business Barometer(<50 = Declining) is at 35.4, March 2020 was at 47.8, February 2020 48.9, April 2019 52.6. “… fell … to its lowest level since March 2009 as business confidence dipped sharply amid the current spread of COVID-19.” MNI PR link.

The American Automobile Assn says the US National Average Price Per Gallon of Regular Gas on 04/30/20 is at $1.772, 03/31/20 was at $1.997, 02/29/20 $2.447, 04/30/19 $2.882. AAA PR link.

***Wednesday, April 29

Alphabet(PBR11)’s Google unit to make its Google Meet video conferencing product free for everyone, with availability rolling out over the coming weeks, first 60 minutes are free. $GOOG PR link.

Centene(PBR42) to facilitate the distribution of 25,000 Quest Diagnostics(PBR395) COVID-19 test kits each week to Federally Qualified Health Centers (FQHCs) in ten states or districts across the country. $CNC PR link.

Best Buy(PBR71) will be offering in-store consultation service appointments in around 200 stores starting in 05/20. $BBY PR link.

Gilead Sciences(PBR134) phase 3 trial of investigational antiviral Remdesivir in patients with severe COVID-19 demonstrated that patients receiving a 10-day treatment course of remdesivir achieved similar improvement in clinical status compared with those taking a 5-day treatment course. $GILD PR link.

LPL Financial(PBR488) to acquire San Diego, CA, based Lucia Securities, a broker-dealer and registered investment advisor firm with around 20 advisors and $1.5 billion of client assets under management, terms not disclosed, to close in 2H20. $LPLA PR link.

Lyft(PBR868) to layoff around 982 employees, around 17% of its workforce, has furloughed around 288 employees, is impact of the Coronavirus pandemic. $LYFT PR link.

The Federal Open Market Committee issues a statement after its 04/28-29/20 meeting, keeps the federal funds short term interest rate at 0.00-0.25%, says “The Committee will continue to monitor the implications of incoming information for the economic outlook, including information related to public health, as well as global developments and muted inflation pressures, and will use its tools and act as appropriate to support the economy.” FOMC PR link.

The US Dept of Commerce/BEA says the Preliminary 1Q20 Real GDP Annual % Growth Rate is at -4.8%, GDP Annual $ Rate is at $21.538 trillion, -0.9% from 4Q19, +2.1% from 1Q19. USDOC PR link.

The US Energy Information Administration says US Millions of Barrels of Crude Oil in Inventory on 04/24/20 is at 527.6, was 455.4 on 03/20/20, 443.3 on 02/21/20, 460.6 on 04/19/19. EIA PR link.

***Tuesday, April 28

PBRMarketTools.com welcomes leading global provider of industry-specific, cloud-based software solutions for the life sciences industry Veeva Systems to The PBR1000, ranked 993 by revenues. More details on the  Veeva Systems Spotlight page.

Ford(PBR12) reports 1Q19 loss of over $2 billion, to phase in its manufacturing production in Europe starting 05/04/20, outlines other activities and plans to ramp up business. $F PR link.

Oracle(PBR77) selected by Zoom Communications as its new cloud infrastructure partner to handle dramatic increase in users and video conferencing usage. $ORCL PR link.

Electronic Arts(PBR536) to launch 5 of its games on Alphabet(PBR11)’s Google Stadia cloud-based gaming platform. $EA PR link.

TripAdvisor(PBR948) to reduce workforce by 900+, about 25% of workforce, in response to COVID-19 pandemic impact. $TRIP PR link.

WW(PBR958) in 1Q20 report says it ended quarter with 5.0 million subscribers, up from 4.6 million in 1Q19, will continue to make digital push. $WW PR link.

Crane(PBR694) Chairman R.S. Evans has retired as planned after 47 years with the company, director Jim Tullis is new Chairman. $CR PR link.

The US Dept of Commerce/Census says the 1Q20 US Total Housing Units is at 140,362,000, +1,153,000 from 1Q19, Occupancy Rate is at 88.6%, 1Q19 was at 87.9%, Home Ownership Rate is at 65.3%, 1Q19 was at 64.2%. USDOC PR link.

The S&P CoreLogic Case-Shiller February 2020 US National Home Price Index(01/2000=100.00) is at 213.6, January 2020 was at 212.34, December 2019 212.38, December 2018 204.89. Case-Shiller PR link.

The Conference Board says the Preliminary April 2020 US Consumer Confidence Index(1985=100) is at 86.9, March 2020 was at 118.8, February 2020 132.6, April 2019 129.2. “… consumers were less optimistic about their financial prospects and this could have repercussions for spending as the recovery takes hold. The uncertainty of the economic effects of COVID-19 will likely cause expectations to fluctuate in the months ahead.” TCB PR link.

The Federal Reserve Bank of Richmond April 2020 US 5th District Manufacturing Index(Annualized) is at -53%, March 2020 was at +2%, February 2020 -2%, April 2019 +9%. “Firms reported weakened local business conditions and expected conditions to remain soft in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond April 2020 US 5th District Service Sector Revenue Index(Annualized) is at -87%, March 2020 was at +1%, February 2020 +26%, April 2019 +23%. “Firms expected conditions to remain soft in the near future.” RichmondFed PR link.

***Monday, April 27

Boeing(PBR40) to resume 787 operations at Boeing South Carolina (BSC), with most teammates returning on 05/03 or 05/04, includes all operations temporarily suspended on 04/08 in response to the COVID-19 pandemic. $BA PR link.

Boeing(PBR40) terminates Master Transaction Agreement (MTA) with Brazil based Embraer, had planned to create a joint venture comprising Embraer’s commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium medium airlift and air mobility aircraft, says Embraer did not satisfy the necessary conditions. $BA PR link.

Coca-Cola(PBR82) announces a 5 year agreement with Microsoft(PBR20) to standardize its business operations on Microsoft’s cloud, will utilize Microsoft Azure, Dynamics 365 and Microsoft 365, will be implementing Microsoft Teams for collaborations. $KO PR link.

NVIDIA(PBR286) completes $125/share, around $6.9 billion cash acquisition of end-to-end Ethernet and InfiniBand smart interconnect solutions and services for servers and storage supplier Mellanox(NASDAQ: MLNX)$NVDA PR link.

Domtar(PBR498) to temporarily idle the operations of its Hawesville, KY, mill beginning 05/05/20, expects to restart the H1 paper machine in 06/20, while the H2 paper machine will remain idled until 07/20, will temporarily layoff around 400 employees. $UFS PR link.

Adtalem Education(PBR982) completes $465 million sale of its Brazilian portfolio, Adtalem Educacional do Brasil, to YDUQS, the second largest education company in Brazil. $ATGE PR link.

***Friday, April 24

The PBRMarketTools US Stock Exchanges Recap for Week 17 ending 04/24/20:

DJIA ends Week 17 at 23,775.27, -1.93% from last Friday, +8.48% MTD/QTD, -16.69% YTD, -19.55% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 17 at 8,634.52, -0.18% from last Friday, +12.14% MTD/QTD, -3.77% YTD, -12.05% from record 9,817.18 set 02/19/20.

SPX ends Week 17 at 2,836.74, -1.32% from last Friday, +9.76% MTD/QTD, -12.20 YTD, -16.23% from record 3,386.15 set 02/19/20.

The Week 17 News Summary: Almost all news continues to revolve around the coronavirus pandemic. The world has nearly 200,000 deaths from coronavirus, the US has just over 50,000 of those, with New York getting hit the hardest. There are mixed signals as to whether or not there has been a peak or not. There is some talk about re-opening economies. In the US several states have indicated they are taking some initial steps, though cautiously. The Senate and House passed, and President Trump has signed, a new stimulus bill to provide an additional $484 billion to small businesses and healthcare operations. There was an initial disbursement of funds to 80 million taxpayers, more is scheduled over the next few months. 1Q20 corporate earnings are being released and it is clear that there has been an impact and it will continue into 2Q20. US economic reports on existing and new housing, jobless claims, and business and consumer surveys are also showing a downward trend. Companies are taking on debt in the hopes of getting through this. Oil prices continue to be near rock bottom, gold prices are rising. The Stock Market Bear came out strong the first couple of trading days, then The Stock Market Bull made a valiant comeback attempt. However, it came up short, The Stock Market Bear sweeps to a Week 17 3-0 victory after missing out the past couple of weeks. It will be interesting to see if the late in the week optimism carries over into Week 18. Use your face masks when appropriate and place your bets!

The Week 17 of 2020 tally YTD is:
The Stock Market Bull: 8 weeks
The Stock Market Bear: 8 weeks
Mixed Results: 1 week

ExxonMobil(PBR3) has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts, initial production of 160,000 gallons– enough to fill nearly 5 million 4-ounce bottles – is being distributed to medical providers and first responders in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas. $XOM PR link.

Johnson & Johnson(PBR35)’s Janssen Pharmaceutical unit and Emergent BioSolutions to collaborate on development and manufacturing of a COVID-19 vaccine, JNJ goal is to manufacture 1 billion doses of COVID-19 vaccines globally. $JNJ PR link.

Facebook(PBR46) introduces real time video Messenger Rooms, can be created from within Messenger or Facebook, up to 50 people, no time limit, rolling out in some countries this week and will expand to the rest of the world in coming weeks. $FB PR link.

US Foods(PBR109) completes $970 million cash acquisition from Apollo Global Mgmt(PBR995) of 70 small-format cash and carry stores across the US Northwest that serve small and mid-sized restaurants and other food business customers with $1.1 billion in revenues in 2019 Smart Foodservice Warehouse Stores$USFD PR link.

Sempra Energy(PBR286) completes $3.59 billion cash sale of its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur, to China Yangtze Power International (Hongkong). $SRE PR link.

SkyWest(PBR732) to receive $438 million through the Payroll Support Program Under CARES Act. $SKYW PR link.

AT&T(PBR9) Chairman/CEO Randall Stephenson to retire as CEO, will be Executive Chairman until 01/21, President/COO John Stankey elected to become CEO on 07/01/20, will become a Board member on 06/01/20. $T PR link.

The U of Michigan Final April 2020 Index of Consumer Sentiment is at 71.8, March 2020 was at 89.1, February 2020 101.0, March 2019 98.4. “In the weeks ahead, as several states reopen their economies, more information will reach consumers about how reopening could cause a resurgence in coronavirus infections. Consumers’ reactions to relaxing restrictions will be critical… ” UM PR link.

***Thursday, April 23

Kroger(PBR22) Health division is expanding free COVID-19 testing sites to Colorado, Michigan, Ohio and Tennessee, joining existing sites in Kentucky and Tennessee, for all priority groups, including healthcare workers, first responders and symptomatic groups. $KR PR link.

DTE Energy(PBR217) says its mid-Michigan’s Gratiot County Polaris Wind park is operational, providing enough clean energy to power more than 64,000 homes, its 68 turbines generating 168 megawatts and is now the largest operating wind park in Michigan, the first of four new wind parks DTE will commission in 2020. $DTE PR link.

Baxter(PBR273) gets US FDA Emergency Use Authorization for its Oxiris Blood Purification Filter for COVID-19 treatment$BAX PR link.

Chesapeake Energy(PBR355) adopts a shareholder rights plan to protect the availability of its net operating loss carryforwards valued at around $7.6 billion. $CHK PR link.

Agilent Technologies(PBR523) gets US FDA approval for PD-L1 IHC 22C3 pharmDx as a companion diagnostic (CDx) to identify patients with non-small cell lung cancer who are appropriate for first-line monotherapy with KEYTRUDA (pembrolizumab) on the Dako Omnis platform. $A PR link.

Cooper Tire & Rubber(PBR763) to reopen US and Serbia plants, Mexico facility to return to temporary shutdown. $CTB PR link.

The US Dept of Commerce/HUD says the Preliminary March 2020 US New Family Homes Sold Annual Rate is at 627,000, February 2020 was at 741,000, January 2020 777,000, March 2019 693,000; Median Home Price is at $321,400, February 2020 was at $330,100, January 2020 $328,900, March 2019 $310,600; Months Supply is at 6.4. More data at the link. USDOC PR link.

***Wednesday, April 22

Tyson(PBR75) to indefinitely suspend operations at its Waterloo, IA, pork plant this week due to worker absenteeism, company’s largest pork plant with 2,800 team members, will provide COVID-19 testing. $TSN PR link.

L Brands(PBR241) receives notice from Sycamore Partners purporting to terminate 55% interest acquisition of Victoria’s Secret unit for $525 million and is seeking a declaratory judgment that its termination of the Transaction Agreement is valid; L Brands contends the termination is invalid. $LB PR link.

PG&E(PBR184) President/CEO Bill Johnson to retire 06/30/20, Board member Bill Smith to be interim CEO at that time until replacement hired. $PCG PR link.

The ADP Workforce Vitality Report says 1Q20 Average Wage Level is at $29.18, 4Q19 was at $28.93, 3Q19 $28.71, 1Q19 $28.40. ADP PR link.

***Tuesday, April 21

AbbVie(PBR94) gets US FDA approval for IMBRUVICA® (ibrutinib) in combination with rituximab for the treatment of previously untreated patients with chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL); is 11th US FDA approval for IMBRUVICA since first approved in 2013. $ABBV PR link.

Netflix(PBR158) in 1Q20 report says it has 182.86 million global streaming paid memberships, 4Q19 was at 167.09 million, 1Q19 148.86 million. $NFLX PR link.

Quest Diagnostics(PBR392) has begun to perform antibody testing for coronavirus (COVID-19) using blood samples, expects to do 150,000 tests/day by early-May. $DGX PR link.

Chipotle(PBR489) in 1Q20 report says digital sales grew 80.8%, accounted for 26.3% of sales; agrees to pay $25 million fine related to past food safety incidents beginning in 2015. $CMG PR link.

Express(PBR882) adopts limited duration shareholder rights plan because of impact of COVID-19 pandemic on company, expires 04/19/21. $EXPR PR link.

The Natl Assn of Realtors says the Preliminary March 2020 Existing Home Sales Annual Rate is at 5,270,000, February 2020 was at 5,760,000, March 2019 5,230,000; Median Sales Price is at $280,600, February 2020 was at 270,100, March 2019 $259,700. “More temporary interruptions to home sales should be expected in the next couple of months, though home prices will still likely rise.” NAR PR link.

The Federal Reserve Bank of Philadelphia says the April 2020 3rd District Non-Manufacturing General Activity Index is at -96.4, March 2020 was at -35.1, February 2020 +31.0, April 2019 +18.9. “The respondents expect overall declines over the next six months, as future activity indexes fell further to historic lows.” PhillyFed PR link.

***Monday, April 20

Alphabet(PBR11 $GOOG)’s Google unit and Facebook(PBR46 $FB) being forced by Australia to pay for news content. MarketWatch PR link.

Tyson(PBR72) will resume limited operations at its pork plant in Columbus Junction, IA, on 04/21/20 after being idle for two weeks due to COVID-19 concerns. $TSN PR link.

Uber(PBR226) gets $810 million federal govermentwide Rideshare/Ride-hail Passenger Services contract. $UBER PR link.

The Cheesecake Factory(PBR837) gets $200 million convertible preferred investment from affiliates of Roark Capital. $CAKE PR link.

The Federal Reserve Bank of Chicago says the Preliminary March 2020 US National Activity Index is at -4.19, February 2020 was at +0.06, January 2020 -0.27, March 2019 -0.04. “Index suggests economic growth decreased substantially in March.” ChiFed PR link.

***Friday, April 17

The PBRMarketTools US Stock Exchanges Recap for Week 16 ending 04/17/20:

DJIA ends Week 16 at 24,242.49, +2.21% from last Friday, +10.61% MTD/QTD, -15.05% YTD, -17.97% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 16 at 8,650.14, +6.09% from last Friday, +12.34% MTD/QTD, -3.59% YTD, -11.89% from record 9,817.18 set 02/19/20.

SPX ends Week 16 at 2,874.56, +3.04% from last Friday, +11.22% MTD/QTD, -11.03 YTD, -15.11% from record 3,386.15 set 02/19/20.

The Week 16 News Summary: The primary news headliner continues to be the Coronavirus pandemic, now with over 2.2 million confirmed cases worldwide, and over 150,000 deaths, with the US being the leader with over 680,000 cases and over 32,000 deaths, the primary hot spot being New York City, according to John Hopkins University CSSE. But there is some cautious optimism as cases and death rates seem to have plateaued. Pharmaceuticals are working on therapies that have shown some initial positive results, and manufactures are coming together to make ventilators, face masks, and gowns. On Thursday US President Trump announced a 3 phase plan to re-open the economy starting soon. Over 80 million US stimulus checks have been delivered and more are in process. US economic data, which usually lags 1-2 months, is starting to show the short term negative effects, including more millions of unemployment claims, sales across all sectors showing significant declines, and business and consumer survey indices showing large drops. Expert opinions are mixed in forecasting a recovery, some saying it will happen quickly, some saying 2 years or more, some proclaiming there will be some profound changes in economic makeup as a result of people working and schooling from home, people eating at home, a reorganization of manufacturing, and supply logistics for just about everything. With the news of the leveling off of cases, plans to re-open the economy, and initial stimulus checks having been delivered, the US stock markets had another good weekly rebound. The major US stock exchanges alternated up and down volatile days, but Friday was a big up and The Stock Market Bull prevailed to win Week 16 with a 3-0 result, but still lags significantly The Stock Market Bear year-to-date and from the amazing record highs established in February. Stay safe, and let’s see what happens next week!

The Week 16 of 2020 tally YTD is:
The Stock Market Bull: 8 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 1 week

The total market capitalization(stock value) of The PBR25 Top Buy Stocks is $4.9 trillion, the range is $2.99 billion to $1+ trillion, the median is $58 billion. More details on The PBR25 info page.

Walmart(PBR1) hires over 150,000 temporary workers over 30 day period, had over 1 million applicants, plans to hire 50,000 more. $WMT PR link.

TravelCenters(PBR464) says its travel centers remain open, providing essential services to drivers across the nation with fuel, showers, restrooms, quick-serve restaurants and convenience stores, but as a result of having to close full service restaurants is furloughing around 2,900 field employees and 122 corporate staff. $TA PR link.

Altria(PBR114) Chairman/CEO Howard Willard, who is recovering from COVID-19, retires after 28 years with the company, Vice Chairman/CFO Billy Gifford elected as new CEO, Thomas Farrell named Independent Chairman. $MO PR link.

The Conference Board Preliminary March 2020 US Leading Economic Index((2016=100) is at 104.2, February 2020 was at 110.9, January 2020 111.1, March 2019 111.7. “The sharp drop in the LEI reflects the sudden halting in business activity as a result of the global pandemic and suggests the US economy will be facing a very deep contraction.” TCB PR link.

***Thursday, April 16

Looking for the best stocks in which to consider investing? Check out The PBR25 to find out how our independent researchers select the Top 25 Buy StocksHere’s the link!

Chevron(PBR15) affiliates have sold non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline located in Azerbaijan, to MOL Hungarian Oil and Gas PLC for $1.57 billion, part of $5-10 billion 2018-2020 divestment program. $CVX PR link.

Verizon(PBR19) to acquire enterprise-grade cloud-based video conferencing and event platform provider BlueJeans, will be deeply integrated into Verizon’s 5G product roadmap, providing secure and real-time engagement solutions for high growth areas such as telemedicine, distance learning and field service work, terms not disclosed. $VZ PR link.

Boeing(PBR40) will resume all Commercial Airplanes production in a phased approach at its Puget Sound-region facilities next week, after suspending operations last month in response to the COVID-19 pandemic. $BA PR link.

Southern Co(PBR145) to reduce its workforce by around 20%(about 6,000) in response to coronavirus pandemic effect on its business, expects reduction to last into the summer. $SO PR link.

Goodyear Tire(PBR214) in response to coronavirus pandemic affect on business to reduce its payroll costs through a combination of furloughs, temporary salary reductions and salary deferrals covering over 9,000 of its corporate and business unit associates, including substantial salary reductions and deferrals for the company’s CEO, officers and directors. $GT PR link.

VF Corp(PBR229)’s Dickies unit to shift production, manufacture by 09/20 3.4 million FDA-compliant isolation gowns for US hospitals and healthcare workers. $VFC PR link.

eBay(PBR287) as a result of hiring Jamie Iannone as eBay ‘s new CEO, activist investor Starboard has withdrawn its nomination of director candidates for election at eBay ‘s 2020 Annual Meeting of Stockholders. $EBAY PR link.

Frontier Communications(PBR375) has received approvals on an interim basis from the US Bankruptcy Court for the Southern District of New York for the “First Day” motions related to the Company’s voluntary Chapter 11 petitions filed on 04/14/20. $FTR PR link.

The US Dept of Commerce/HUD says the Preliminary March 2020 US Housing Permits Issued Annual Rate is at 1,353,000 units, -6.8% from February, +5.1% from March 2019. For Housing Starts and Completions go to the link. USDOC PR link.

The US Federal Reserve Bank of Philadelphia says the April 2020 3rd District Manufacturing General Activity Indicator is at -56.6, March 2020 was at -12.7, February 2020 +36.7, April 2019 +11.0. “Responses indicated a continued prominent weakening in manufacturing activity… The survey’s future indexes, however, remained elevated, suggesting that respondents expect growth in manufacturing activity to pick back up over a horizon of six
months.” PhillyFed PR link.

***Wednesday, April 15

The average estimated 12 month return on a The PBR25 Top Buy Stock is currently +20.2%. A financial institution has the highest estimate at +99.5%. Find out more here!

Apple(PBR4) announces the second-generation iPhone SE, 4.7 inch Retina HD display, features the best single-camera system ever in an iPhone, starts at $399. $AAPL PR link.

Best Buy(PBR71) to temporarily furlough 51,000 employees, including nearly all part-time employees, in response to the COVID-19 pandemic. $BBY PR link.

United Airlines(PBR73) expects to receive $5.0 billion through the Payroll Support Program under CARES Act, includes federal government getting 4.6 million shares of UAL common stock. $UAL PR link.

GoPro(PBR988) to lay off 20% of its workforce, around 200 employees, in response to effect of coronavirus pandemic on its business. $GPRO PR link.

The US Federal Reserve releases its Beige Book from information collected through 04/06/20, reports “All Districts reported highly uncertain outlooks among business contacts, with most expecting conditions to worsen in the next several months.” USFed PR link.

The US Federal Reserve says the Preliminary March 2020 US % of Manufacturing Production Capacity is at 72.7%, February 2020 was at 77.0%, January 2020 76.7%, March 2019 78.4%; Capacity Growth Last 12 Months is at +1.9%. Go to the link for Industrial ProductionUSFed PR link.

The US Dept of Commerce/Census says the Preliminary February 2020 Total Sales-Manufacturers is at $500.3 billion, Retail $463.2 billion, Wholesalers $500.7 billion, Total $1.464 trillion, -0.5% from January 2020, +1.4% from February 2019. USDOC PR link.

The US Dept of Commerce/Census says the Advance March 2020 US Sales-Retail is at $434.5 billion, Food Services & Drinking Places $48.6 billion, Total $483.1 billion, -8.7% from February 2020, -6.2% from March 2019. USDOC PR link.

The US Federal Reserve Bank of New York says the April 2020 Empire State Manufacturing General Business Conditions Index is at -78.2, March 2020 was at -21.5, February 2020 +12.9, April 2019 +9.4. “The headline general business conditions index plummeted fifty-seven points to -78.2, its lowest level in the history of the survey—by a wide margin… Though current conditions were extremely weak, firms expected conditions to be slightly better six months from now.” NYFed PR link.

The Natl Assn of Home Builders says the Preliminary April 2020 Composite Housing Market Index(<50=conditions are poor rather than good) is at 30, March 2020 was at 72, February 2020 74, April 2019 63. “Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30… was the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012.” NAHB PR link.

***Tuesday, April 14

The PBR25 Top Buy Stocks is compiled monthly from 15,000 analyst estimates. Average return over 60+ months is 153%, S&P 500 average was 34%. Find out more here!

American Airlines(PBR67) approved by US Treasury for $5.8 billion in financial assistance from the Payroll Support Program (PSP) created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, expects to separately apply for a loan from the US Treasury of approximately $4.75 billion. $AAL PR link.

3M(PBR98) is partnering with Cummins(PBR127) to increase the production of high efficiency particulate filters for use in 3M’s powered air purifying respirator(PAPRs). $MMM PR link.

Devon Energy(PBR456) agreement to sell it Barnett Shale unit to Banpu Kalnin Ventures has been amended from $770 million to up to $830 million, includes $570 million cash and contingent payments of up to $260 million, closing date changed from 04/15/20 to 12/31/20. $DVN PR link.

The US Dept of Labor says the Preliminary March 2020 US Monthly All Imports Prices are at -2.3%, Exports -1.6%; Last 12 Months All Imports Prices are at -4.1%, Exports -3.6%. USDOL PR link.

CoreLogic says the January 2020 US House Loans 30 Days or More Delinquent is at 3.5%, December 2019 was at 3.7%, November 2019 3.9%, January 2019 4.0%. “The mortgage market experienced a strong year of improvement in loan performance during 2019 – carrying over into the first month of 2020. However, mounting job losses since the COVID-19 pandemic was declared a national emergency has raised the possibility of many borrowers falling behind on their mortgage payments in coming months.” CoreLogic PR link.

***Monday, April 13

Because of volatility the monthly The PBR25 Top Stock Buy Recommendations has been updated for 04/09/20 and gives you the ability to do the updates yourself at any time. Find out more here!

Amazon(PBR2) says it has filled the 100,000 full/part time positions announced on 03/16/20, is now planning to hire for an additional 75,000 jobs. $AMZN PR link.

Ford(PBR12) to design and produce urgently needed medical equipment and supplies for health care workers, first responders and patients fighting coronavirus, including face shields, powered air-purifying respirators, reusable gowns, and COVID-19 collection test kits in collaborations with 3M(PBR98) and Thermo Fisher Scientific(PBR112)$F PR link.

Chesapeake Energy(PBR355) approves 1-for-200 reverse stock split, will be effective for start of trading on 04/15/20. $CHK PR link.

Blackstone(PBR401) to provide up to $2 billion to support Alnylam Pharmaceuticals(Nasdaq: ALNY), the leading RNAi therapeutics company, in a broad strategic collaboration for Alnylam’s advancement of innovative RNA interference (RNAi) medicines that have the potential to transform the lives of patients suffering from a range of debilitating diseases. $BX PR link.

Groupon(PBR797) adopts a limited duration rights plan as a result of market volatility and uncertainty as a result of the COVID-19 pandemic, expires 03/10/21. $GRPN PR link.

AutoNation(PBR148) President/CEO since 07/19 Cheryl Miller taking a leave of absence for health reasons, Executive Chairman Mike Jackson to add President/CEO role until she returns. $AN PR link.

eBay(PBR287) hires Jamie Iannone as CEO and member of the Board effective 04/27/20. $EBAY PR link.

***Friday, April 10

Prudential Financial(PBR53) to sell Prudential of Korea to KB Financial Group for $1.9 billion, to close by 12/31/20. $PRU PR link.

3M(PBR98) files lawsuit against New Jersey based Performance Supply LLC, alleging illegal price gouging and deceptive trade practices in the sales of N95 respirators, charging 500-600% over 3M list prices on $45 million in orders from New York. $MMM PR link.

The US Dept of Treasury says the March 2020 US Federal Government Receipts are at $236.8 billion, Outlays $355.9 billion, for a Deficit of $119.1 billion, March 2019 Deficit was at $146.9 billion; 2020 YTD(6 months) Receipts are at $1.604 trillion, YTD Outlays $2.347 trillion, for a YTD Deficit of $743.6 billion, 2019 YTD Deficit was at $691.2 billion. USTreasury PR link.

The US Dept of Labor says the Preliminary March 2020 Employee Current Average Earnings Per Hour is at $28.62, Average Hours Worked Per Week at 34.2, for Average Weekly Earnings of $978.80, -0.2% from February 2020, +2.2% from March 2019. USDOL PR link.

The US Dept of Labor says the March 2020 Consumer Price Index Monthly Change is at -0.4%, February 2020 was at +0.1%, January 2020 +0.1%, March 2019 +0.4%, March 2020 Last 12 Months Change is at +1.5%, February 2020 was at +2.3%, January 2020 +2.5%, March 2019 +1.9%. USDOL PR link.

***Thursday, April 9

The PBRMarketTools US Stock Exchanges Recap for Week 15 ending 04/09/20:
(***Note: US stock exchanges are closed on 04/10/20 in observance of Good Friday.)

DJIA ends Week 15 at 23,719.37, +12.67% from last Friday, +8.22% MTD/QTD, -16.89% YTD, -19.74% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 15 at 8,153.58, +10.59% from last Friday, +5.89% MTD/QTD, -9.13% YTD, -16.95% from record 9,817.18 set 02/19/20.

SPX ends Week 15 at 2,789.82, +12.10% from last Friday, +7.94% MTD/QTD, -13.65 YTD, -17.61% from record 3,386.15 set 02/19/20.

The Week 15 News Summary: At the start of the shortened week there appeared some encouraging signs globally that the Coronavirus pandemic may be slowing, even though the US has not seen that yet in major hit areas like New York. Social distancing, wearing facemasks, and frequent washing of hands seems to be helping. Scientists working for major pharmaceuticals, research organizations and government labs are working hard and cooperatively to find cures and develop vaccines for Coronavirus. Manufacturers are ramping up to make more face masks, ventilators, and protective gear. Global economic news is still not solid but everyone pretty much agrees that there will be at least a short term major hit with some saying a full recovery might not happen until well into 2021 based on assumptions that could change rapidly and dramatically one way or another. The US economy took another big hit as the week’s initial unemployment jobs claims were over 6.6 million. Companies are still doing layoffs, furloughs, taking out loans, suspending share buyback programs, and senior executives are taking significant salary cuts as strategies for preserving cash at this time. Retailers and restaurants are adapting to and promoting curbside pickup and delivery services. Besides the US $2.2 trillion stimulus bill which is starting to be implemented, the US Fed at the end of the week announced a $2.3 trillion loan package for lenders, primarily to be used by the major banking systems to support businesses. The Saudi Arabia-Russia oil production and prices war continues, but there was some news that negotiations are ongoing and the issues could be resolved soon. The major US stock exchanges reacted positively in Week 15. The Stock Market Bull charged onto the pasture, appearing to be COVID-19 free now, and severely gored The Stock Market Bear, as all exchanges were up over 10% for the week. Nevertheless, The Stock Market Bear still has a significant lead year-to-date. The Markets experts are all over the place on whether to buy stocks now, hold off, or get out altogether. This is Holy Week for many people across the world, and there are many prayers being lifted up for health and minimal economic impact. Let’s hope those prayers continue to be lifted and answered in a positive way in the weeks to come.

The Week 15 of 2020 tally YTD is:
The Stock Market Bull: 7 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 1 week

Pfizer(PBR62) to pay an $185 million up front fee to BioNTech SE (Nasdaq: BNTX) to jointly develop a COVID-19 vaccine, to pay a total of up to $748 million based on milestone achievements. $PFE PR link.

The US Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy. USFed PR link.

The US Dept of Labor says the Preliminary March 2020 Producer Price Index Total Monthly Final Demand is at -0.2%, February 2020 was at -0.6%, January 2020 +0.5%, March 2019 +0.4%, Last 12 Months +0.7%. USDOL PR link.

The US Dept of Commerce/Census says the Preliminary February 2020 Wholesale Sales-Durables is at $238.1 billion, Non-Durables $262.5 billion, Total $500.6 billion, -0.8% from January 2020, +1.1% from February 2019. USDOC PR link.

The U of Michigan Preliminary April 2020 Consumer Sentiment Index is at 71.0, March 2020 was at 89.1, February 2020 101.0, April 2019 97.2. “Consumers need to be prepared for a longer and deeper recession rather than the now discredited message that pent-up demand will spark a quick, robust, and sustained economic recovery.” UMichigan PR link.

***Wednesday, April 8

Wells Fargo(PBR26) gets approval from the US Federal Reserve to expand its participation in the Paycheck Protection Program and offer loans to a broader set of its small business and nonprofit customers subject to the terms of the program. $WFC PR link.

Walt Disney(PBR49)’s Disney+ streaming service now has 50+ million subscribers, launched 5 months ago, available in over dozen countries. $DIS PR link.

Medtronic(PBR101) gets US FDA Emergency Use Authorization for its Puritan Bennett™ 560 (PB560) ventilator, expects to manufacture over 25,000 ventilators across all product lines over next 6 months. $MDT PR link.

Spirit AeroSystems(PBR385) receives notice that deliveries to Boeing(PBR40)‘s facilities have been suspended because of coronavirus pandemic, Spirit reducing workforce by 3,200, initiates voluntary retirement program for 850 employees, plus additional cost cutting actions. $SPR PR link.

The Federal Open Market Committee releases the minutes from its 03/15/20 Special Meeting when it lowered the federal funds rate from 1.00-1.25% to 0.00-0.25%. FOMC PR link.

***Tuesday, April 7

Greenbrier(PBR720) has orders for 8,500 railcars valued at $815+ million, has a $3.2 billion backlog, because of coronavirus pandemic has reduced global workforce by 3,500, primarily in Mexico. $GBX PR link.

The US Dept of Labor says the Preliminary February 2020 Job Openings-Private is at 6,101,000, Government 782,000, Total Openings 6,883,000, January 2020 was at 7,012,000, February 2019 7,047,000. USDOL PR link.

The US Federal Reserve says the Preliminary February 2020 Consumer Credit Outstanding-Revolving is at $1.096 trillion, Non-Revolving $3.129 trillion, Total $4.226 trillion, +0.5% from January 2020, +4.6% from February 2019. USFed PR link.

FannieMae says the March 2020 US Home Purchase Sentiment Index is at 80.8, February 2020 was at 92.5, January 2020 93.0, February 2019 84.3. “… the HPSI dropped to its lowest level since December 2016, with Americans reporting greater concern about their job security than at any point in the last six years… ” FannieMae PR link.

The Purdue U/CME Group March 2020 US Ag Economy Barometer is at 121, February 2020 was at 168, January 2020 167, March 2019 133. “The point drop was the largest one-month fall in the life of the index, which dates to October 2015. Declines in agricultural commodity prices and concerns about the coronavirus crisis impact on the U.S. economy and agricultural sector weighed heavily on farmer sentiment in March.” PurdueU/CME Group PR link.

***Monday, April 6

3M(PBR98) and Trump Administration announce a plan to import 166.5 million respirators over the next three months primarily from China to support healthcare workers in the US, will work together to ensure that this plan does not create further humanitarian implications for countries currently fighting the COVID-19 outbreak, and committed to further collaborate to fight price gouging and counterfeiting, also enables 3M to continue US production of 35 million N25 respirators which can be distributed to Canada and Latin America markets. $MMM PR link.

Fifth Third Bancorp(PBR310) is hiring for nearly 1,000 positions in retail banking centers, mortgage and operations, including a significant number in its Cincinnati headquarters market. $FITB PR link.

Tractor Supply(PBR358) plans to immediately fill more than 5,000 full-time and part-time Team Member positions across its nearly 1,900 stores in 49 states and eight distribution centers. $TSCO PR link.

Stericycle(PBR659) completes $462.5 million cash sale of its 2,000 employees Domestic Environmental Solutions business, excluding the healthcare customer and unused consumer pharmaceutical take-back services, to Harsco(PBR943)$SRCL PR link.

Woodward(PBR749) and Hexcel(PBR866) have mutually agreed to terminate their all stock merger of equals agreement, cite business uncertainties as a result of coronavirus pandemic. $WWD PR link.

IBM(PBR38) has new CEO, Arvind Krishna, has interview with CNBC. $IBM PR link.

Calumet Specialty(PBR657) accelerates CEO transition, appoints board member Steve Mawer as CEO, effective immediately. $CLMT PR link.

SeaWorld(PBR971) CEO Serge Rivera resigns as CEO and Board member, CFO/Treasurer Marc Swanson appointed Interim CEO, Chief Accounting Officer Elizabeth Castro Gulacsy appointed Interim CFO/Treasurer, all effective immediately. $SEAS PR link.

***Friday, April 3

The PBRMarketTools US Stock Exchanges Recap for Week 14 ending 04/03/20:

DJIA ends Week 14 at 21,052.53, -2.70% from last Friday, -3.94% MTD/QTD, -26.23% YTD, -28.76% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 14 at 7,373.08, -1.72% from last Friday, -4.25% MTD/QTD, -17.83% YTD, -24.90% from record 9,817.18 set 02/19/20.

SPX ends Week 14 at 2,488.65, -2.08% from last Friday, -3.71% MTD/QTD, -22.97 YTD, -26.51% from record 3,386.15 set 02/19/20.

The Week 14 News Summary: With 1.1 million cases and nearly 59,000 deaths worldwide, and growing exponentially, the COVID-19 virus dominates the news. The US now has the most cases with nearly 274,000, deaths are just under 7,100. The effect is now starting to show up in the US economy. Initial unemployment cl.aims have hit nearly 10,000,000 in the past 2 weeks. Jobs reports by ADP and the US government this week started to show considerable work losses as well as companies of all sizes furlough or layoff their employees. The pandemic is expected to grow significantly in April, there are more and more supply chain logistics issues, stores are still having trouble keeping inventories of important items. At the same time Saudi Arabia and Russia are locked in battle over oil prices, which have nosedived. The US is in the middle of the negotiations, and it appears there might be a helpful resolution soon. US stock market exchanges were mixed going into Friday, but The Stock Market Bull was exhausted, confused, and a no-show. The Stock Market Bear takes Week 14 3-0, now leads the weekly tally, is totally dominate year-to-date, and near-term looks like he will continue to do so.

The Week 14 of 2020 tally YTD is:
The Stock Market Bull: 6 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 1 week

3M(PBR98) issues statement saying it is in compliance and working with US government to be in compliance with the Defense Production Order Act regarding its manufacturing of N25 respirators during the COVID-19 virus pandemic, says it has secured approval from China to export to the US 10 million N95 respirators manufactured by 3M in China, expresses concerns that its production in the US not be made available to Canadian and Latin American markets is a humanitarian issue, and could result in retaliation. $MMM PR link.

Chico’s FAS(PBR872) adopts a limited duration shareholder rights plan, expires 04/01/21, response to COVID-19 virus pandemic and affect it might have financially. $CHS PR link.

Ocwen Financial(PBR997) provides an update on its financial situation, plans to have shareholders vote on a reverse stock split at 2020 annual meeting, date not yet set. $OCN PR link.

The US Dept of Labor says the March 2020 US Total Employed is at 155,772,000, -2,987,000 from February 2020, -976,000 from March 2019; Total Unemployed is at 7,141,000, +1,354,000 from February 2020, +929,000 from March 2019, Unemployment Rate is at 4.4%, February 2020 was at 3.5%, March 2019 3.8%. USDOL PR link.

The Institute for Supply Management says the March 2020 US Non-Manufacturing Index(>50% economy growing) is at 52.5%, February 2020 was at 57.9%, January 2020 55.5%, March 2019 56.1%. ISM PR link.

IHS Markit says the March 2020 US Composite PMI Output Index is at 40.9, February 2020 was at 49.6, January 2020 53.3, March 2019 54.6. “The marked decrease in business activity stemmed mainly from the outbreak of COVID-19 and the impact of measures to contain the virus spread on companies and households across the country.” IHS Markit PR link.

The John Hopkins U CSSE Dept says the Global COVID-19 Virus Cumulative Case Tally on 04/03/20 is at 1.07 million, with 55,761 deaths. JHU CSSE PR link.

***Thursday, April 2

DaVita Healthcare(PBR273) to hire at least 15,000 new employees throughout 2020, available positions range from care giving roles in centers across the US to corporate support roles. $DVA PR link.

Perrigo(PBR539) completes $113 million in cash acquisition in bankruptcy sale of the oral care assets of High Ridge Brands, assets include leading children’s oral care value brand, Firefly®, in addition to the REACH® and Dr. Fresh® brands. $PRGO PR link.

The US Dept of Labor says the US Initial Unemployment Claims for the Week Ending 03/28/20 is 6,648,000, for 03/21/20 it was 3,307,000, 03/14/20 282,000. USDOL PR link.

The US Dept of Commerce/Census says the Preliminary February 2020 US New Orders-Durable Goods is at $249.5 billion, Non-Durable Goods $247.9 billion, Total $497.4 billion, -0.0% from January 2020, +0.1% from February 2019. USDOC PR link.

The US Dept of Commerce/Census says the Preliminary February 2020 Exports-Goods is at $137.2 billion, Services $70.3 billion, Total Exports $207.5 billion; Imports-Goods is at $198.4 billion, Services $49.1 billion, Total Services $247.5 billion, Total Deficit $39.9 billion, Total Exports YTD(2 months) is at $415.9 billion, Total Imports YTD $501.3 billion, Total Deficit YTD $85.4 billion, Total February 2019 Deficit YTD was at $105.1 billion. USDOC PR link.

***Wednesday, April 1

T-Mobile US(PBR69) completes $59 billion acquisition of Sprint(PBR90), John Legere hands off CEO role to Mike Sievert. $TMUS PR link.

Altria(PBR116) says it will defend its $12.8 billion minority investment in JUUL after the US Federal Trade Commission files an administrative complaint. $MO PR link.

Genworth Financial(PBR349) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 03/31/20 to 06/30/20, but hopes to close sometime in 05/20, needs Delaware regulatory approval, approval of financing by China regulators. $GNW PR link.

Whiting Petroleum(PBR877) files for Chapter 11 in US Bankruptcy Court, has more than $585 million of cash on its balance sheet and will continue to operate its business in the normal course without material disruption. $WLL PR link.

ADP says the Preliminary March 2020 US Change in Private Sector Employment-Small Sized Businesses(1-49 Employees) is at -90,000, Mid Sized(50-499) +7,000, Large Sized(500 or more) +56,000, Total -27,000, February 2020 was at +179,000, January 2020 +205,000, March 2019 +165,000. ADP PR link.

The US Dept of Commerce/Census says the Preliminary February 2020 US Construction Spending-Residential is at $571.6 billion, Non-Residential $795.1, Total $1.367 trillion, -1.3% from January 2020, +6.0% from February 2019. USDOC PR link.

The Institute for Supply Management says the Preliminary March 2020 US Manufacturing PMI Index(,50% economy contracting) is at 49.1%, February 2020 was at 50.1%, January 2020 50.9%, March 2019 55.3%. “Comments from the panel were negative regarding the near-term outlook, with sentiment clearly impacted by the coronavirus (COVID-19) pandemic and energy market volatility.” ISM PR link.

IHS Markit says the March 2020 US Manufacturing PMI Index is at 48.5, February 2020 was at 50.7, January 2020 51.9, March 2019 52.4. “March data indicated a moderate deterioration in operating conditions across the U.S. manufacturing sector. Driving the overall decline were the sharpest downturns in output and new orders since the financial crisis in 2009 amid weak domestic and foreign demand conditions following the outbreak of coronavirus disease 2019 (COVID-19).” IHS Markit PR link.

***Tuesday, March 31

The PBRMarketTools US Stock Exchanges Recap for the month of March ending 03/31/20:
DJIA ends March at 21,917.16, +1.30% from last Friday, -13.74% MTD, -23.20% QTD/YTD, -25.83% from record 29,551.42 set 02/12/20.

NASDAQ ends March at 7,700.10, +2.64% from last Friday, -10.12% MTD, -14.18% QTD/YTD, -21.57% from record 9,817.18 set 02/19/20.

SPX ends March at 2,584.59, +1.70% from last Friday, -12.51% MTD, -20.00% QTD/YTD, -23.67% from record 3,386.15 set 02/19/20.

The March 2020 News Summary: The news of the month was dominated by the COVID-19 virus pandemic. Stock exchanges worldwide have taken a significant dip. World and US economic data, which usually lags 1-3 months, is starting to show some of the impact. Supply chains are becoming disrupted. There is a run at grocery stores on almost all items, essential and non-essential. In the US manufacturing of face masks and much needed ventilators is ramping up. New York City has been especially hard hit, as well as California and the State of Washington. People are being strongly encouraged, and in some states it has been mandated, to stay at home and avoid contact with others as much as possible. A massive national $2 trillion coronavirus stimulus bill was created, passed and was signed into law quickly and with bipartisan support, another $2 trillion is being suggested for infrastructure issues. In China the rate of new cases has started dropping dramatically, in the US the forecast is that April will be the big month. The Stock Market Bear and his friend COVID-19 had several big feast days during the month. The Stock Market Bull tried to fight back and did have a few significant recovery days, but it was not nearly enough. The Stock Market Bear is undefeated so far in 2020, seems to have the momentum and appears energized to possibly do more of the same in April. Expert opinions vary, many of whom have their own agendas. Stay safe, do your research and due diligence, and wish you all the best in April!

The Month of March 2020 tally YTD is:
The Stock Market Bull: 0 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

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The PBR1000 March 2020 Stocks & Commodities Snapshots

March 2020 The PBR1000: Coronavirus Gets Another Big Win

PBR1000 Stocks Coronavirus

Coronavirus is now The Stock Market Bear’s best buddy, having erased all major stock exchanges gains for the past year and more.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for the month of March ending 03/31/20:
DJIA ends March at 21,917.16, +1.30% from last Friday, -13.74% MTD, -23.20% QTD/YTD, -25.83% from record 29,551.42 set 02/12/20.

NASDAQ ends March at 7,700.10, +2.64% from last Friday, -10.12% MTD, -14.18% QTD/YTD, -21.57% from record 9,817.18 set 02/19/20.

SPX ends March at 2,584.59, +1.70% from last Friday, -12.51% MTD, -20.00% QTD/YTD, -23.67% from record 3,386.15 set 02/19/20.

The March 2020 News Summary: The news of the month was dominated by the COVID-19 virus pandemic. Stock exchanges worldwide have taken a significant dip. World and US economic data, which usually lags 1-3 months, is starting to show some of the impact. Supply chains are becoming disrupted. There is a run at grocery stores on almost all items, essential and non-essential. In the US manufacturing of face masks and much needed ventilators is ramping up. New York City has been especially hard hit, as well as California and the State of Washington. People are being strongly encouraged, and in some states it has been mandated, to stay at home and avoid contact with others as much as possible. A massive national $2 trillion coronavirus stimulus bill was created, passed and was signed into law quickly and with bipartisan support, another $2 trillion is being suggested for infrastructure issues. In China the rate of new cases has started dropping dramatically, in the US the forecast is that April will be the big month. The Stock Market Bear and his friend COVID-19 had several big feast days during the month. The Stock Market Bull tried to fight back and did have a few significant recovery days, but it was not nearly enough. The Stock Market Bear is undefeated so far in 2020, seems to have the momentum and appears energized to possibly do more of the same in April. Expert opinions vary, many of whom have their own agendas. Stay safe, do your research and due diligence, and wish you all the best in April!

The Month of March 2020 tally YTD is:
The Stock Market Bull: 0 months
The Stock Market Bear: 2 months
Mixed Results: 1 month

 

The March 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 2

Number of Gain(+)/Loss(-) Days: DJIA 10+/12-; NASDAQ 9+/13-; SPX 10+/12-.

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 3 days(03/24-26/20), NASDAQ 2 days(02/28-03/02/20),  and SPX 3 days(03/24-26/20)

Longest Loss Streak(Consecutive Days): DJIA 3 days(03/05-09/20), NASDAQ 3 days(03/05-09/20), and SPX 3 days(03/05-09/20)

Big Swing Up Days(>1.00%): 9 days, 03/02/20(D +5.09%, N +4.49%, S +4.60%), 03/04/20(D +4.53%, N +3.85%, S +4.22%), 03/13/20(D +9.36%, N +9.35%, S +9.29%), 03/17/20(D +5.20%, N +6.23%, S +6.00%), 03/19/20(N +2.30%), 03/24/20(D +11.37%, N +8.12%, S +9.38%), 03/25/20(D +2.39%, S +1.15%), 03/26/20(D +6.38%, N +5.60%, S +6.24%), 03/30/20(D +3.19%, N +3.62%, S +3.35%)

Big Swing Down Days(<-1.00%): 12 days, 03/03/20(D -2.94, N -2.99%, S -2.81%), 03/05/20(D -3.58%, N -3.10%, S -3.39%), 03/06/20(N -1.87%, S -1.71%), 03/09/20(D -7.79%, N -7.29%, S -7.60%), 03/11/20(D -5.86%, N -4.70%, S -4.89%), 03/12/20(D -9.99%, N -9.43%, S -9.51%), 03/16/20(D -12.93%, N -12.32%, S -11.98%), 03/18/20(D -6.30%, N -4.70%, S -5.18%), 03/20/20(D -4.55%, N -3.79%, S -4.34%), 03/23/20(D -3.04%, S -2.93%), 03/27/20(D -4.06%, N -3.79%, S -3.37%), 03/31/20(D -1.84%, S -1.60%)

The PBR1000 March 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 March 2020 Snapshots. The price for stocks is for the close of trading on March 31, 20201 Month % Chg is compared to February 28, 202012 Months % Chg is compared to March 29, 2019, and the 24 Months % Chg is compared to March 29, 2018. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 12 month subscription and automatically download the March 2020 edition with the complete 15 Snapshots and 28 rankings and the bonuses The PBRMarketTools US Monthly Indices Snapshots and The PBR25 Top Buy Stocks.

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

Table 1 Summary: The range was +42% to -85%80 out of 998 stocks were up 0% or more. The average was a loss of 17.32%, the median was a loss of 22.08%. The DJIA was -13.74%, NASDAQ -10.12%, SPX -12.51%.

Company PBR
Rank
Symbol Price
03/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
United Natural Foods 147 UNFI $ 9.18 +42 -31 -79
Citrix
804 CTXS $ 141.55 +37 +42 +53
Owens & Minor
333 OMI $ 9.15 +34 +123 -41
A-Mark
550 AMRK $ 12.28 +33 +3 +0
Core-Mark 191 CORE $ 28.57 +24 -23 +34

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 2 Summary: The range was +123% to -99%170 out of 994 stocks were up 0% or more. The average was a loss of 17.03%, the median was a loss of 27.16%. The DJIA was -15.47%, NASDAQ -0.38%, SPX -8.81%.

Company PBR
Rank
Symbol Price
03/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Owens & Minor 333 OMI $ 9.15 +34 +123 -41
Tesla 117 TSLA $ 524.00 -22 +87 +97
Legg Mason 749 LM $ 48.85 -2 +78 +20
AMD 434 AMD $ 45.48 +0 +78 +353
Anixter 348 AXE $ 87.87 -10 +57 +16

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 3 Summary: The range was +353% to -99%259 out of 975 stocks were up 0% or more. The average was a loss of 12.42%. The median was a loss of 28.45%. The DJIA was -9.07%, NASDAQ +9.01%, SPX -2.13%.

Company PBR
Rank
Symbol Price
03/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
AMD 434 AMD $ 45.48 +0 +78 +353
Roku 992 ROKU $ 87.48 -23 +36 +181
FTI Consulting 882 FCN $ 119.77 +6 +56 +147
Twilio 991 TWLO $ 89.49 -21 -31 +134
Veeva Systems 993 VEEV $ 156.37 +10 +23 +114

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

Table 4 Summary: The range was $1,219 billion to $0.01 billion. The average is $24.380 billionmedian is $5.54 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
02/28/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Microsoft 20 MSFT $ 1,219 B +1 +1 +85
Apple 4 AAPL $ 1,115 B -7 -13 +28
Amazon 2 AMZN $ 978 B +4 +7 +76
Alphabet 11 GOOG $ 788 B -13 -15 +8
Facebook 46 FB $ 473 B -13 -19 -8
The PBR1000
  $ 24,380 B -13 -19 -6

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

Company Price
03/31/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 73,806.20 -17.3 -17.0 -12.4
DJIA 21,917.16 -13.7 -15.5 -9.1
NASDAQ 7,700.10 -10.1 -0.4 +9.0
S&P500 2,584.59 -12.5 -8.8 -2.1
GOLD 1,591.00 +0.2 +22.7 +19.7
SILVER 14.16 -15.1 -6.3 -13.4
OIL            20.10 -55.6 -66.6 -69.0

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(Graphic courtesy of US Center for Disease Control(CDC).)

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