NASDAQ Archives - Page 4 of 12

The PBR1000 January 2020 Stocks & Commodities Snapshots

February 4, 2020 by admin

January 2020 The PBR1000:
A Mixed Start for the New Year

January closed out in mixed territory, hit by the China coronavirus scare, an impeachment trial of the US president, but a good US economy for an interesting start to 2020.

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for January 2020 ending 01/31/20:

DJIA ends January at 28,256.03, -2.53% from last Friday, -0.99% MTD/QTD/YTD, -3.72% from record 29,348.10 set 01/17/20.

NASDAQ ends January at 9,150.94, -1.76% from last Friday, +1.99% MTD/QTD/YTD, -2.68% from record 9,402.48 set 01/23/20.

SPX ends January at 3,225.52, -2.12% from last Friday, -0.16% MTD/QTD/YTD, -3.13% from record 3,329.62 set 01/17/20.

The Week 5 and Month 1 of 2020 News Summary: The first 3 weeks of January were a carry forward from the end of 2019 with business as usual. But then the world was hit with the news about the coronavirus originating in China and being spread globally, with a warning of catastrophic consequences if left uncontained. Globally governments and businesses are wrestling with what to do, are attempting to be proactive, a state of emergency has been issued by the World Health Organization, and by many nations, including the US. The other major news item is the US Senate impeachment trial of President Trump. After 3 day opening arguments by the US House Managers and then 3 days by Counsel for the President, a 2 day Q&A period, the US Senate voted to not allow witnesses by a 49-51 tally. It appears highly likely that President Trump will be acquitted. The Democrat presidential candidates, 4 of whom are senators involved in the impeachment trial, get their first test in Iowa in the opening week of February. On the international stage the UK will officially accomplish Brexit, with results uncertain for the UK and Europe. President Trump signed the US/Mexico/Canada(USMCA) trade agreement to replace NAFTA, with promises that it will be fairer and bring manufacturing jobs back to the US. During the month the US/China Phase 1 trade agreement was signed by leaders of the countries. Overall, the US economy continued to show moderate growth, the Federal Open Market Committee kept short term federal interest rates at the 1.50-1.75%, and consumer and business surveys continued to indicate optimism for the next 6 months. In the early weeks of the month The Stock Market Bull ruled the pasture and new record highs were established. But The Stock Market Bear came out of hibernation, had a voracious appetite, and spurred on by the coronavirus scare, savagely attacked The Stock Market Bull, chased him out of the pasture and started feasting on the herd. The Stock Market Bear easily won Week 5 3-0, but the NASDAQ prevented him from also claiming the month, which ended with a 2-1 mixed result.

The Week 5 of 2020 tally YTD is:
The Stock Market Bull: 2 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 1 week

The Month 1 of 2020 tally YTD is:
The Stock Market Bull: 0 months
The Stock Market Bear: 0 months
Mixed Results: 1 month

The January 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 12+/9-; NASDAQ 13+/8-; SPX 12+/9-.

Record Days: DJIA 5, NASDAQ 7, SPX 6

Longest Gain Streak(Consecutive Days): DJIA 4 days(01/13-17/20), NASDAQ 3 days(01/15-17/20, 01/28-30/20), and SPX 3 days(01/15-17/20)

Longest Loss Streak(Consecutive Days): DJIA 5 days(01/21-27/20), NASDAQ 2 days(01/24-27/20), and SPX 2 days(01/24-27/20)

Big Swing Up Days(>1.00%): 4 days, 01/02/20(D +1.16%, N +1.33%), 01/13/20(N +1.04%), 01/16/20(N +1.06%), 01/28/20(N +1.43%, S +1.01%)

Big Swing Down Days(<-1.00%): 2 days, 01/27/20(D -1.57%, N -1.89%, S -1.57%), 01/31/20(D -2.09%, N -1.59%, S -1.77%)

The PBR1000 January 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 January 2020 Snapshots. The price for stocks is for the close of trading on January 31, 2020, Month % Chg is compared to December 31, 2019, 12 Months % Chg is compared to January 31, 2019, and the 24 Months % Chg is compared to January 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 January 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 +56% to -89%. 354 out of 1,000 stocks were up 0% or more. The average was a loss of 1.58%, the median was a loss of 3.31%. The DJIA was -0.99%, NASDAQ +1.99%, SPX -0.16%.

Company	PBR Rank	Symbol	Price 01/31/20	Mo % Chg	12 Mos % Chg	24 Mos % Chg
Tesla	146	TSLA	$ 650.57	+56	+112	+84
Community Health	220	CYH	$ 4.29	+48	+9	-24
PG&E	181	PCG	$ 15.21	+40	+17	-64
Clearwater Paper	942	CLW	$ 28.20	+32	-16	-40
Cincinnati Bell	973	CBB	$ 13.71	+31	+64	-21

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

Table 2 Summary: The range was +175% to -99%. 607 out of 993 stocks were up 0% or more. The average was a gain of 14.72%, the median was a gain of 8.82%. The DJIA was +13.03%, NASDAQ +25.67%, SPX +19.28%.

Company	PBR Rank	Symbol	Price 01/31/20	Mo % Chg	12 Mos % Chg	24 Mos % Chg
Snap	989	SNAP	$ 18.37	+12	+175	+36
Diebold Nixdorf	552	DBD	$ 11.51	+9	+171	-38
Tesla	146	TSLA	$ 650.57	+56	+112	+84
Sonic Auto	306	SAH	$ 31.63	+2	+107	+47
AMD	441	AMD	$ 47.00	+2	+93	+242

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

Table 3 Summary: The range was +242% to -99%. 470 out of 978 stocks were up 0% or more. The average was a gain of 9.39%. The median was a loss of 1.75%. The DJIA was +8.06%, NASDAQ +23.47%, SPX +14.23%.

Company	PBR Rank	Symbol	Price 01/31/20	Mo % Chg	YTD % Chg	24 Mos % Chg
AMD	955	AMD	$ 47.00	+2	+93	+242
Crocs	442	CROX	$ 37.91	-10	+32	+181
FTI Consulting	996	FCN	$ 120.06	+8	+76	+176
Rent-A-Center	534	RCII	$ 29.13	+1	+66	+169
Chipotle	796	CMG	$ 866.76	+4	+64	+167

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

Table 4 Summary: The range was $1,417 billion to $0.01 billion. The average is $30.844 billion, median is $8.30 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 01/31/20	Mo % Chg	12/17 % Chg	12/14 % Chg
Apple	3	AAPL	$ 1,417 B	+10	+62	+119
Microsoft	19	MSFT	$ 1,314 B	+9	+99	+243
Alphabet	17	GOOG	$ 1,004 B	+9	+37	+181
Amazon	5	AMZN	$ 927 B	+1	+67	+545
Facebook	57	FB	$ 598 B	+3	+17	+175
The PBR1000			$ 30,844 B	+2	+19	+55

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

Company	Price 01/31/20	Mo % Chg	12 Mos % Chg	24 Mos % Chg
The PBR1000	97,446.97	-1.6	+14.2	+9.4
DJIA	28,256.03	-1.0	+13.0	+8.1
NASDAQ	9,150.94	+2.0	+25.7	+23.5
S&P500	3,225.52	-0.2	+19.3	+14.2
GOLD	1,593.40	+4.8	+20.4	+18.6
SILVER	18.03	+0.7	+12.8	+4.6
OIL	51.63	-15.7	-4.1	-20.2

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 a provider of news, data, and analysis, and is not a financial advisor firm.

(Graphic courtesy of Pixabay.com.)

Filed Under: Snapshots Tagged With: Business Intelligence, Commodities, DJIA, Economy, Investing, Investments, Investors, Market Research, Money, NASDAQ, Personal Finance, Rankings, Snapshots, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

The PBR1000 December 2019 Breaking News Recap

December 28, 2019 by admin

The PBR1000: Christmas Gifts from Washington a Mixed Bag?

What gifts will The PBR1000 receive at the end of 2019? Deregulation has been helpful for business, it would be nice to get the USMCA approved, closing a beneficial US/China trade deal would be great, but the impeachment process might push these into 2020.

By Larry C. Paxton

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

***Tuesday, December 31

The PBRMarketTools US Stock Exchanges Recap for December 2019 ending 12/31/19:

DJIA ends December and 2019 at 28,538.44, -0.37% from last Friday, +1.74% MTD, +6.02% QTD, +22.34% YTD, -0.37% from record 28,645.26 set 12/27/19.

NASDAQ ends December and 2019 at 8,972.60, -0.38% from last Friday, +3.54% MTD, +12.17% QTD, +35.23% YTD, -0.55% from record 9,022.39 set 12/26/19.

SPX ends December and 2019 at 3,230.78, -0.29% from last Friday, +2.86% MTD, +8.53% QTD, +28.88% YTD, -0.29% from record 3,240.02 set 12/27/19.

The December 2019 News Summary: On the international news front, after over a year of negotiations, President Trump announced on the last day of the year that a US/China Phase 1 trade deal would be signed on 01/15/20. During the month the US Congress passed the US/Mexico/Canada trade agreement that will replace NAFTA. In the UK Prime Minister Boris Johnson and his conservative party won the general election by a landslide and he has proclaimed the UK withdrawal from the EU, known as Brexit, on 01/31/20, trade deal or not. In Israel Benjamin Netanyahu won his Likud party nomination, the general election is scheduled for March, 2020, in the hopes that a coalition government can be formed. N Korea threatened a “Christmas Present” for the US, nothing happened, but N Korea continues to do some sword rattling. US economic news was mostly positive with modest/moderate growth forecast, and a much lower probability of a recession in 2020 by most economists. To help, Congress passed a $1.4 trillion spending bill that will go through September 2020. US politics was the big issue for the month as the US House held its hearings and then on political party lines voted to impeach President Trump. In some political wrangling apparently the needed documentation for the Senate to have a trial is being delayed, but the trial should take place in early 2020. As for the US stock exchanges, record highs fell throughout the month, a complete reversal from December 2018’s meltdown. The Stock Market Bear had no chance against a charged up The Stock Market Bull who easily took both the month and the year, one of the best ever.

The December 2019 tally YTD is:
The Stock Market Bull: 10 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

Uber(PBR272 $UBER), Postmates sue California in federal court over state gig-work law AB5. San Francisco Chronicle PR link.

Newell Brands(PBR343) completes sale of its $112 million in revenues in 2018 The United States Playing Card Company to Cartamundi Group, a leading manufacturer and distributor of playing cards and board games, terms not disclosed, marks the conclusion of the Accelerated Transformation Plan that Newell had initiated in 01/18. $NWL PR link.

Regis Corp(PBR998) takes back around 200 mall based Regis and Mastercuts brands salons in transfer from The Beautiful Group because of lease obligations, Regis remains committed to franchise business model. $RGS PR link.

The US Dept of Treasury says the US 12/30/19 National Debt-Public is at $17.134 trillion, Intragovernmental $5.975 trillion, Total Debt $23.109 trillion, +0.1% from 11/27/19, +5.2% from 12/31/18. USTreasury PR link.

The US Dept of Treasury says the US 12/31/19 10 Year Treasury Note Yield is 1.92%, 11/29/19 was at 1.78%, 10/31/19 1.69%, 12/31/18 2.69%. USTreasury PR link.

The Conference Board says the US Preliminary December 2019 Consumer Confidence Index is at 126.5, November 2019 was at 126.8, October 2019 126.1, December 2018 126.6. “While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.” TCB PR link.

The S&P CoreLogic Case-Shiller US October 2019 Home Price Index(Jan2000=100) is at 212.43, September 2019 was at 212.21, August 2019 212.02, October 2018 205.57. “October’s U.S. housing data continue to be reassuring … With October’s 3.3% increase in the national composite index, home prices are currently more than 15% above the pre-financial crisis peak reached July 2006. October’s results were broad-based…” Case-Shiller PR link.

The American Automobile Assn says the US 12/31/19 Average Price of Regular Gas Per Gallon is at $2.583, 11/29/19 was at $2.587, 10/31/19 $2.614, 12/31/18 $2.266. AAA PR link.

***Monday, December 30

ExxonMobil(PBR2) has secured more than 1.7 million acres for exploration offshore Egypt, will hold 100% interest, operations, including acquisition of seismic data, are scheduled to begin in 2020. $XOM PR link.

Johnson & Johnson(PBR36)’s Janssen unit completes $750 million acquisition of all rights to the investigational compound bermekimab, an anti-IL-1alpha monoclonal antibody (mAb) in Phase 2 development for the treatment of atopic dermatitis and hidradenitis suppurativa, from XBiotech. $JNJ PR link.

Merck(PBR73) and AstraZeneca get US FDA approval for LYNPARZA for the maintenance treatment of adult patients with deleterious or suspected deleterious germline BRCA-mutated (gBRCAm) metastatic pancreatic adenocarcinoma whose disease has not progressed on at least 16 weeks of a first-line platinum-based chemotherapy regimen. $MRK PR link.

Tesla(PBR141) China tweets it “… will deliver the first China-made Model 3 at Gigafactory 3 plant in Shanghai TODAY. The 15 customers who are slated to get their Model 3s first are Tesla employees.” $TSLA PR link.

Performance Food(PBR158) completes $2.0 billion acquisition of Rosemont, IL based $6+ billion in annual net revenues second largest privately held US foodservice distributor Reinhart Foodservice from Reyes Holdings. $PFGC PR link.

Hasbro(PBR553) completes $4.0 billion cash acquisition of Canada based global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content, including popular pre-teen characters Peppa Pig and PJ Masks, Entertainment One Ltd(LSE: ETO). $HAS PR link.

Hologic(PBR677) completes $205 million cash sale of its 825 employees Cynosure medical aesthetics business to Clayton, Dubilier & Rice. $HOLX PR link.

Verso Corp(PBR791) announces annual meeting set for 01/31/20, encourages vote in favor of sale of its Androscoggin mill, located in Jay, ME, and its Stevens Point mill, located in Stevens Point, WI, to Pixelle Specialty Solutions for $400 million, encourages vote for its slate of directors, explains why it thinks Atlas/BlueWolf nominees are not in the best interest of company. $VRSPR link.

CenturyLink(PBR128) non-executive Chairman Harvey Perry will retire effective 05/20, T. Michael Glenn will assume the position of Chairman, current Vice Chairman Bruce Hanks will continue to serve in that role. $CTL PR link.

Avis Budget(PBR330) appoints President/Americas Joe Ferraro as Interim CEO, effective 01/01/20, succeeds retiring President/CEO Larry De Shon, CFO Izzy Martins to serve as Interim President/Americas. $CAR PR link.

The MNI US December 2019 Chicago Business Barometer(<50=Declining) is at 48.9, November 2019 was at 46.3, October 2019 43.2, December 2018 63.8. MNI/ISM Chicago PR link.

***Friday, December 27

The PBRMarketTools US Stock Exchanges Recap for Week 52 ending 12/27/19:

DJIA ends Week 52 at record 28,645.26, +0.67% from last Friday, +2.12% MTD, +6.42% QTD, +22.80% YTD, +0.00% from record 28,645.26 set 12/27/19.

NASDAQ ends Week 52 at 9,006.62, +0.91% from last Friday, +3.94% MTD, +12.59% QTD, +35.74% YTD, -0.17% from record 9,022.39 set 12/26/19.

SPX ends Week 52 at record 3,240.02, +0.58% from last Friday, +3.15% MTD, +8.84% QTD, +29.25% YTD, +0.00% from record 3,240.02 set 12/27/19.

The Week 52 of 2019 News Summary: The impeachment process for President Trump has apparently stalled as the US House has announced it will not forward its results to the US Senate until it knows what the trial rules will be and who will be testifying. The impeachment trial is still expected to be held in the first month or so of 2020. US/China trade negotiations continue in a seemingly positive direction with China announcing it will roll back tariffs on some key categories. N Korea said it had a “Christmas present” for the US, but nothing materialized. The UK Brexit appears to be on track for early 2020. Israeli Prime Minister Benjamin Netanyahu wins the Likud Party primary election by a landslide, gets backing of his opponent, the general election is scheduled for 03/02/20. US economic data continues to indicate growth with mostly positive outlooks by experts for 2020. Christmas retail sales showed better than expected growth, especially from e-commerce. With Christmas being celebrated mid-week with a shortened Christmas Eve day the US stock exchanges experienced lower volumes. With mostly good news The Stock Market Bear did not have much of a chance for the week. The Stock Market Bull donned his Santa hat, investors gladly accepted record closes throughout the week, and The Stock Market Bull easily took a 3-0 victory in Week 52.

The Week 52 of 2019 tally YTD is:
The Stock Market Bull: 28 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 9 weeks

Owens-Illinois(PBR419) now a holding company, changes name to O-I Glass, Inc, keeps OI ticker symbol. $OI PR link.

Michaels Cos(PBR510) hires Ashley Buchanan as President/CEO Designate and Board member, effective 01/06/20, to succeed Mark Crosby as CEO on 04/01/20, Crosby to remain on the Board. $MIK PR link.

The US Energy Information Administration says the US Millions of Barrels of Crude Oil Stocks on 12/20/19 was at 441.4, 11/22/19 was at 452.0, 10/25/19 438.9, 12/31/18 441.4. USEIA PR link.

The US Dept of Commerce/BEA says the US Preliminary 3Q19 Net International Investment Position-Assets is at $28.262 trillion, Liabilities $39.211 trillion, Deficit $10.949 trillion, +3.2% from 2Q19, +12.9% from 3Q18. USDOC PR link.

***Thursday, December 26

Amazon(PBR5) to open a new 1+ million sf fulfillment center in Deltona, FL, creating more than 500 new, full-time jobs. $AMZN PR link.

Tesla(PBR141) gets around $1.29 billion secured loan and a $320 million unsecured revolving loan through Chinese banks to pay off a $500 million loan and in support of its Gigafactory Shanghai. $TSLA PR link.

WESCO(PBR365) ups its bid for Anixter(PBR356) from $90/share to $93.50/share cash & stock, explains why its bid is superior to Clayton, Dubilier & Rice‘s $86/share plus a $2.50/share of contingent, capped upside. $WCC PR link.

The US Dept of Labor says the US 12/21/19 4 Week Moving Average Initial Unemployment Insurance Claims were at 228,000, +3.8% from 11/23/19, +4.6% from 12/22/18; The 12/14/19 Total Insured Unemployment 4 Week Moving Average is at 1,703,500, +1.4% from 11/16/19, +1.7% from 11/17/18; Insured Unemployment Rate is at +1.2%. USDOL PR link.

FreddieMac(PBR40) says the US Average 30 Year Fixed Mortgage Rate on 12/26/19 is 3.74% with 0.7 points/fees, on 11/27/19 it was at 3.68%, 10/31/19 3.78%, 12/27/18 4.55%. “While the outlook for the housing market is bright, worsening housing affordability is no longer a coastal phenomenon and is spreading to many interior markets and it is a threat to the continued recovery in housing and the economy.” $FMCC PR link.

MasterCard(PBR207) says 2019 US holiday retail sales increased 3.4 percent (ex auto) with online sales growing 18.8 percent compared to 2018. $MA PR link.

***Wednesday, December 25

***Christmas Day
***US Stock Exchanges Closed.
***Have a Merry and Blessed Christmas Day!

***Tuesday, December 24

Mylan(PBR273 $MYL) and Micro Labs get US FDA approval for two applications for the first generics of Eliquis (apixaban) tablets to reduce the risk of stroke and systemic embolism in patients with nonvalvular atrial fibrillation. FDA PR link.

WESCO(PBR365) confirms it is seeking to acquire Anixter(PBR356), recently made an offer valued at $90 per Anixter share. $WCC PR link.

KKR(PBR831) to acquire OverDrive, provider of the largest catalog of ebooks, audiobooks, magazines and other digital media for libraries and schools, from Rakuten USA, a wholly owned subsidiary of Rakuten, terms not disclosed. $KKR PR link.

Uber(PBR272) co-founder and former CEO Travis Kalanick will resign from the Board , effective 12/31/19, to focus on his new business and philanthropic endeavors. $UBER PR link.

The Federal Reserve Bank of Richmond says the US 5th District December 2019 Manufacturing Index(Annualized) is at -5%, November 2019 was at -1%, October 2019 +8%, December 2018 -3%. “Manufacturers … reported weakness in local business conditions and capacity utilization, but they were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the US 5th District December 2019 Service Sector Revenue Index(Annualized) is at +17%, November 2019 was at +15%, October 2019 +24%, December 2018 +10%. “Firms … saw improving local business conditions and increased spending, … were optimistic that conditions would continue to improve in the next six months.” RichmondFed PR link.

***Monday, December 23

PG&E(PBR182) creditors offer to pay $13.5 billion cash upfront to fire victims, follows deal from PG&E management that was approved 12/17/19 by a US bankruptcy judge would pay victims $5.4 billion in cash, with the rest of the compensation coming as deferred payments and stock in the utility after it emerges from bankruptcy reorganization. $PCG PR link.

Allergan(PBR197) gets US FDA approval for UBRELVY™ (ubrogepant) for the acute treatment of migraine with or without aura in adults. $AGN PR link.

Biogen(PBR233) authorizes an up to $5.0 billion share repurchase program, no expiration date, is in addition to the $5.0 billion share repurchase program authorized 03/25/19. $BIIB PR link.

Advance Auto Parts(PBR317) has acquired the DieHard brand from Transform Holdco for $200 million cash. $AAP PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 12/31/19 to 03/31/20, the 13th waiver, to get additional US, China, Canada and other regulatory approvals, includes deal termination option for either party. $GNW PR link.

Campbell Soup(PBR340) completes $2.2 billion sale of its Australia brand Arnott’s, $885 million in the latest 12 months and approximately 3,800 employees, and certain of Campbell’s International operations to KKR(PBR832). $CPB PR link.

Anixter(PBR356) amends and restates acquisition by private investment firm Clayton, Dubilier & Rice, increased to $86.00/share and a $2.50 contingent value right, around $4 billion, to be completed in early 02/20. $AXE PR link.

KKR(PBR831) enters Seattle, WA, real estate market with two transactions totaling over $1.2 billion located in the greater Seattle region, including the 915,000 sf Class A office complex Summit located in downtown Bellevue and the 43 story 516,000 sf office condominium F5 Tower in downtown Seattle. $KKR PR link.

Cincinnati Bell(PBR972) to be acquired by Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) for $10.50/share cash, around $2.6 billion, includes debt, to close by end of 2020. $CBB PR link.

Boeing(PBR28) CEO/Board member Dennis A. Muilenburg resigns, Chairman David L. Calhoun to become President/CEO on 01/13/20, Board member Lawrence W. Kellner will become non-executive Chairman, CFO Greg Smith will serve as interim CEO during the brief transition period. $BA PR link.

CDW(PBR191) director David W. Nelms will become non-executive Chairman, effective 01/01/20, succeeds retiring Executive Chairman Thomas E. Richards. $CDW PR link.

State Street(PBR252) appoints CEO Ronald P. (Ron) O’Hanley to also be Chairman, effective 01/01/20, following Chairman Jay Hooley’s planned retirement. $STT PR link.

The US Dept of Commerce/HUD says the US Preliminary November 2019 New Family Homes Sold Annual Rate is at 719,000, +1.3% from October 2019, +16.9% from November 2018; Median Price was at $330,800, +4.5% from October 2019, +7.2% from November 2018; Months Supply is at 5.4. USDOC PR link.

The Federal Reserve Bank of Chicago says the US Preliminary November 2019 National Activity Index is at +0.56, October 2019 was at -0.76, September 2019 -0.54, November 2018 +0.25. ChiFed PR link.

***Friday, December 20

The PBRMarketTools US Stock Exchanges Recap for Week 51 ending 12/20/19:

DJIA ends Week 51 at record 28,455.09, +1.14% from last Friday, +1.44% MTD, +5.71% QTD, +21.98% YTD, +0.00% from record 28,455.09 set 12/20/19.

NASDAQ ends Week 51 at record 8,924.96, +2.18% from last Friday, +2.99% MTD, +11.57% QTD, +34.51% YTD, +0.00% from record 8,924.96 set 12/20/19.

SPX ends Week 51 at record 3,221.22, +1.65% from last Friday, +2.55% MTD, +8.21% QTD, +28.50% YTD, +0.00% from record 3,221.22 set 12/20/19.

The Week 51 of 2019 News Summary: The biggest news item of the week was US politics with the US House of Representatives Democrat party majority voting to impeach President Trump on 2 counts. The next stop will be a trial in early 2020 in the US Senate, the outcome most likely to be an acquittal by the Republican majority. On the other hand, President Trump achieved a major victory with passage of the US/Mexico/Canada(USMCA) trade agreement in the US House by a wide non-partisan majority. Also, it appears the US/China trade negotiations have resulted in a Phase 1 agreement, details to be released in early 2020. The UK is poised to complete Brexit in the next month after the recent major general elections victory of the conservative party. The US Congress has also passed a government spending bill for $1.4 trillion for the fiscal year ending 09/30/20. Overall, the US economy continues to move forward at a modest/moderate rate, with business and consumer surveys indicating a positive mood and expectations for the next 6 months. The US stock exchanges seemed unfazed by the impeachment result but grabbed onto the economic news instead. All stock exchanges reached new records every day except Wednesday when the NASDAQ was the only record breaker, but was the best week of the year with 13 out of 15 sessions hitting new records. The Stock Market Bull ends Week 51 by standing proudly on the pasture hill overlooking a relaxed and peaceful herd with a resounding 3-0 victory and with The Stock Market Bear nowhere in sight.

The Week 51 of 2019 tally YTD is:
The Stock Market Bull: 27 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 9 weeks

Johnson & Johnson(PBR36) acquires TARIS Biomedical, a privately-owned biotechnology company specializing in the development of a novel drug delivery technology for the treatment of bladder diseases including cancer, terms not disclosed. $JNJ PR link.

Merck(PBR72) gets US FDA approval for ERVEBO® (Ebola Zaire Vaccine, Live) for the prevention of disease caused by Zaire ebolavirus in individuals 18 years of age and older. $MRK PR link.

ViacomCBS(PBR241) to acquire a 49% stake in MIRAMAX from beIN MEDIA GROUP who will retain the other 51% stake, for $150 million cash upfront plus an annual investment of $45 million/year for 5 years, total investment $375 million, to close in 1Q20. $VIAC PR link.

MGM Resorts(PBR257) completes $825 million sale of its 2,300 employees Circus Circus Las Vegas to an affiliate of Treasure Island owner Phil Ruffin. $MGM PR link.

Anixter(PBR355) to hold a special meeting of its stockholders on 02/04/20 to vote on $81.00/share, around $3.8 billion in cash, acquisition by private investment firm Clayton, Dubilier & Rice. $AXE PR link.

Spirit AeroSystems(PBR402) says Boeing(PBR28) has directed the company to stop all 737 MAX deliveries to Boeing effective 01/01/20, due to Boeing’s announced temporary suspension of 737 MAX production, represents 50%+ of revenues, evaluating all potential actions. $SPR PR link.

IAC(PBR588) to acquire Care.com (NYSE: CRCM), the world’s largest online marketplace for finding and managing family care with 374,000 paying families as of 3Q19, for $15.00/share cash, around $500 million of enterprise value, to close in 1Q20. $IAC PR link.

TransDigm(PBR627) completes its around $920 million sale of its France based global supplier of highly-engineered interconnect solutions for harsh environments serving customers primarily in aerospace, defense and space end markets $363 million in revenues for year ending 06/30/19 Souriau-Sunbank Connection Technologies unit to Eaton Corp(PBR138), was part of Esterline Technologies acquisition completed in 03/19. $TDG PR link.

Ferrellgas(PBR945) to voluntarily delist its common units from the NYSE, believes the delisting from the NYSE will be a temporary event, expects delisting to occur around 01/09/20, to apply to have its common units quoted on the OTCQB tier of the OTC Markets. $FGP PR link.

The US Dept of Commerce/BEA says the US 3Q19 3rd Estimate Gross Domestic Product Annual Rate remains at 2.1%, $21.543 trillion, +1.0% from 2Q19, +3.8% from 3Q18. USDOC PR link.

The US Dept of Commerce/BEA says the US Preliminary November 2019 Personal Income Annual Rate is at $18.911 trillion, +0.5% from October 2019, +4.9% from November 2018, Personal Savings is at $1.315 trillion, a 7.9% rate, Effective Tax Rate is at 11.7%. USDOC PR link.

The U of Michigan Final December 2019 Consumer Survey Index is at 99.3, November 2019 was at 96.8, October 2019 95.5, December 2018 98.3. UMichigan PR link.

***Thursday, December 19

US Steel(PBR219) to indefinitely idle a significant portion of its Great Lakes Works operation near Detroit, MI, to begin idling the iron and steelmaking facilities on or around 04/01/20, and the Hot Strip Mill rolling facility before the end of 2020, will affect up to 1,545 employees. In separate press release announces cut in dividend and termination of share repurchase program. $X PR link.

Live Nation(PBR283) gets preliminary settlement agreement with the US Dept of Justice for its TicketMaster unit violations, to extend non-compete with venues using other ticketing agents for an additional 5 1/2 years past original 10 years specified. $LYV PR link.

Owens-Illinois(PBR418) completes sale of its 25% partnership interest in Tata Chemicals (Soda Ash) Partners Holdings to Valley Holdings, Inc., a wholly-owned subsidiary of Tata Chemicals Limited, for $195 million cash, first transaction of $400-500 million divestiture plan. $OI PR link.

Avon Products(PBR489) $3.7 billion acquisition by Brazil based Natura &Co (B3: NATU3) gets all needed regulatory approvals, to close on 01/03/20, Natura & Co to begin trading as NYSE: NTCO on 01/06/20. $AVP PR link.

Ascena Retail(PBR494) does 1:20 reverse stock split to regain compliance with NASDAQ listing requirements. $ASNA PR link.

IAC(PBR588)’s Match Group(NASDAQ: MTCH) to be spunoff as a separate independent public company, to close in 2Q20. $IAC PR link.

PolyOne(PBR656) to acquire certain color and additive masterbatch businesses from Clariant for $1.45 billion, includes 3,600 employees in 29 countries and doing $1.15 billion in revenues over past 12 months. $POL PR link.

Cedar Fair(PBR976) appoints Dan Hanrahan as its independent board Chairman, effective 01/01/20, succeeds Executive Chairman Matthew A. Ouimet who will remain on the Board. $FUN PR link.

The US Dept of Commerce/BEA says the US Preliminary 3Q19 Total Exports of Goods & Services was at $944.4 billion, Imports $1,068.5 billion, for a Deficit of $124.1 billion, -0.9% from 2Q19, -1.3% from 3Q18. USDOC PR link.

The US Reserve Bank of Philadelphia says the 3rd District December 2019 Manufacturing General Activity Indicator is at +0.3, November 2019 was at +10.4, October 2019 +5.6, December 2018 +9.1. “The survey’s future indexes indicate that respondents continue to expect growth over the next six months.” PhillyFed PR link.

The Natl Assn of Realtors says the US November 2019 Existing Home Sales Annual Rate is at 5,350,000, -1.7% from October 2019, +2.7% from November 2018; Median Price is at $271,300, +0.1% from October 2019, +5.4% from November 2018; Total Housing Inventory is at 1,640,000, a 3.7 months supply. “Sales will be choppy when inventory levels are low, but the economy is otherwise performing very well with more than 2 million job gains in the past year …” NAR PR link.

The Conference Board says the US Preliminary November 2019 Leading Economic Index(2016=100) is at 111.6, October 2019 was also at 111.6, September 2019 111.8, November 2018 111.4. “… the Index suggests that economic growth is likely to stabilize around 2 percent in 2020.” TCB PR link.

***Wednesday, December 18

Chevron(PBR11) to acquire Australia based Puma Energy Holdings for around $292 million, includes network of company-owned and retailer-owned service stations in Australia, a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots, to close in mid 2020. $CVX PR link.

Alphabet(PBR17)’s Google is joining Amazon(PBR5), Apple(PBR3) and others to create Connected Home over IP, a new independent working group managed by the Zigbee Alliance with the goal to bring together market-tested technologies to develop a new, open smart home connectivity standard based on Internet Protocol (IP). $GOOG PR link.

MetLife(PBR45) to pay $10 million to the US Securities and Exchange Commission for violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. $MET PR link.

Facebook(PBR57 $FB) has acquired Spanish cloud gaming company PlayGiga for about €70 million ($78 million) as it looks to expand into the gaming market. SiliconANGLE PR link.

Cigna(PBR64) to sell its group life and disability insurance business to New York Life for $6.3 billion cash, to close in 3Q20, Cigna increases share repurchase program from $1.0 billion to $4.0 billion. $CI PR link.

Uber(PBR272 $UBER) to set up a $4.4 million fund to resolve US Equal Employment Opportunity Commission sexual harassment and retaliation charges filed since 01/01/14, EEOC commends Uber for working cooperatively on harassment prevention and accountability. EEOC PR link.

Voya Financial(PBR345) to divest substantially all of the company’s Individual Life and other legacy non-retirement annuities businesses to Resolution Life Group Holdings for around $1.7 billion, to close by 09/30/20. $VOYA PR link.

Superior Energy(PBR875) does 10:1 reverse stock split to be in compliance with NYSE listing standards, will list on NYSE starting 12/26/19 with previous symbol SPN, currently on OTC as SPNV. $SPNV PR link.

Superior Energy(PBR875) to divest its US service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations service lines and combine them with Forbes Energy Services Ltd(OTCQX: FLSS)‘s complementary service lines to create a new, publicly traded consolidation platform for US completion, production and water solutions, to close in 1Q20. $SPNV PR link.

Healthpeak Properties(PBR915) expanding with expansion of its life science, senior housing and medical office businesses. $PEAK PR link.

FMC(PBR542) President/COO Mark Douglas to become President/CEO on 06/01/20, to succeed Pierre Brondeau who will become Executive Chairman. $FMC PR link.

The US Dept of Labor says the US 3Q19 Average Hourly Wages & Salaries for All Workers was at $25.43, Benefits $11.60, Total $37.03, +1.2% from 2Q19, +1.1% from 3Q18. USDOL PR link.

***Tuesday, December 17

Ford(PBR12) will invest $750 million and add 2,700 new direct jobs in the next 3 years at Ford’s manufacturing facility in Wayne, MI, to build the new Ford Bronco, an all-new Ford Ranger and a new modification center to support autonomous vehicles and other vehicles, also will invest about $700 million and add 300 new direct jobs at its Dearborn, MI, manufacturing site to support production of the all-new Ford F-150, F-150 hybrid and the all-electric F-150, including battery assembly. $F PR link.

Southwest Airlines(PBR137) is proactively removing Boeing(PBR28)’s 737 MAX from its flight schedule, originally was set through 03/06/20, now set through 04/13/20. $LUV PR link.

Estee Lauder(PBR210) completes acquisition of the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing, has an enterprise value of around $1.7 billion. $EL PR link.

Arconic(PBR226) files preliminary Registration Form 10 with SEC to separate its Arconic Rolled Products Corporation into a separate public company to be named Arconic Corporation, existing company will be renamed Howmet Aerospace Inc upon separation, to close in 2Q20. $ARNC PR link.

Devon Energy(PBR287) to sell its assets in the Barnett Shale to Banpu Kalnin Ventures for $770 million, to close in 2Q20, authorizes a new $1 billion share-repurchase program, bringing the total repurchase authorization to $6 billion, expires 12/31/20. $DVN PR link.

Leidos(PBR300) to acquire privately-owned Huntsville, AL based applied research and national security solutions company Dynetics for $1.65 billion cash, to close in 1Q20. $LDOS PR link.

Weyerhaeuser(PBR391) to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million cash, does not include 3 manufacturing facilities. $WY PR link.

First Solar(PBR860) completes sale of 3 projects in Arizona, Nevada, and California, with a total nameplate design of 278 megawatts (MW)AC, to partnership of EDP Renewables and ConnectGen, First Solar Energy Services to be operator, terms not disclosed. $FSLR PR link.

Regis Corp(PBR998) enters agreement for the sale and conversion of an additional 133 company-owned salons located in the state of Pennsylvania and surrounding areas to the Alline Salon Group. $RGS PR link.

Bed Bath & Beyond(PBR251) announces extensive restructure of its leadership team, including the departure of six senior members, has commenced a search to fill the positions of Chief Merchandising Officer, Chief Digital Officer, General Counsel, as well as a newly combined Chief Marketing and Brand Officer position. $BBBY PR link.

The US Dept of Labor says the US Preliminary October 2019 Job Openings-Private are at 6,523,000, Government 744,000, Total 7,267,000, +3.3% from September 2019, -4.3% from October 2018. USDOL PR link.

The US Dept of Commerce/HUD says the US Preliminary November 2019 Total New Residential Building Permits Issued Annual Rate is at 1,482,000, October 2019 was at 1,461,000, September 2019 1,391,000, November 2018 1,334,000. USDOC PR link.

The US Federal Reserve says the US Preliminary November 2019 Industrial Production % of Capacity is at 77.3%, October 2019 was at 76.6%, September 2019 77.4%, November 2018 79.6%. USFed PR link.

***Monday, December 16

Boeing(PBR28) suspends 737 MAX production starting in 01/20 due to certification moving into 2020, no layoffs or furlough expected at this time. $BA PR link.

Intel(PBR43) has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. $INTC PR link.

Humana(PBR56) to acquire privately held national hospice pharmacy and benefit management services provider to 97,000 patients per day Enclara Healthcare from Consonance Capital Partners and Enclara management, to close in 1H20, terms not disclosed. $HUM PR link.

Cisco(PBR62) acquires Australia based low-latency networking, layer 1 switching, timing and time synchronization technologies, and low-latency FPGA expertise developer Exablaze, terms not disclosed. $CSCO PR link.

Tyson(PBR75 $TSN) gets approval from US and Chinese authorities to export American poultry to China from all 36 of its US processing plants, expects to begin taking orders early next year. NYTimes PR link.

Coca-Cola(PBR95) in 3 hours of launch sells out 1,000 Coca-Cola Insiders Club subscription program for $10/mo or $50/6 mo prepaid, to taste some of 20-plus new drinks launching in early 2020. $KO PR link.

Kinder Morgan(PBR222) completes $2.5 billion cash/stock sale of its US portion of the Cochin Pipeline to Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA). $KMI PR link.

Newmont Goldcorp(PBR401) to sell its 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Australia’s Northern Star Resources Limited (ASX: NST) for $800 million cash, to close in early 01/20. $NEM PR link.

Noble Energy(PBR527) to voluntarily transfer its stock exchange listing from the NYSE to the Nasdaq Global Select Market effective 12/27/19 after market close, will retain ticker NBL. $NBL PR link.

Intl Flavors & Fragrances(PBR607) to merge with DuPont(PBR35)’s Nutrition & Biosciences business, deal values the combined company at $45.4 billion on an enterprise value basis, DuPont to own 55.4% IFF 44.6% of company, DuPont to receive one-time $7.3 billion cash payment upon completion, scheduled to close be end of 1Q21. $IFF PR link.

TRI Pointe(PBR691) adds $50 million to its $100 million share repurchase program, balance available is now $77.2 million. $TPH PR link.

Charles River Labs(PBR856) to acquire human-derived cellular products for the cell therapy market producer HemaCare(OTCMKTS: HEMA) for $25.70/share, approximately $380 million cash, to close in early 1Q20. $CRL PR link.

Ferro Corp(PBR950) to sell its $510 million in revenues for 12 months ending 09/30/19 Tile Coatings Business to Pigments Spain, a company of the Esmalglass-Itaca-Fritta group, a portfolio company of Lone Star Funds, for $460 million in cash, with an additional $32 million in cash based on the performance of the business pre-closing. $FOE PR link.

WW(PBR960) and Oprah Winfrey extend partnership to 05/25. $WW PR link.

Dana(PBR364) President/CEO James K. Kamsickas elected to additional role of Chairman; Keith E. Wandell, who has served on Dana’s board since 07/08 and as non-executive chairman since 09/16, will continue as lead independent director. $DAN PR link.

TravelCenters(PBR460) hires Jonathan Pertchik as CEO/Managing Director, effective immediately, succeeds Andrew J. Rebholz, who will continue to advise the company through 06/30/20. $TA PR link.

The Federal Reserve Bank of New York says the Empire State December 2019 Manufacturing General Business Conditions Index is at 3.5, November 2019 was at 2.9, October 4.0, December 2018 11.5. “Optimism about the six-month outlook picked up, and capital spending plans were notably stronger.” NYFed PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary December 2019 Housing Market Composite Index is at 76, November 2019 was at 71, October 2019 71, December 2018 56. “Highest reading since June of 1999… Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates and a strong labor market… are still underbuilding due to supply-side constraints like labor and land availability. Higher development costs are hurting affordability and dampening more robust construction growth.” NAHB/WF PR link.

***Friday, December 13

The PBRMarketTools US Stock Exchanges Recap for Week 50 ending 12/13/19:

DJIA ends Week 50 at 28,135.38, +0.43% from last Friday, +0.30% MTD, +4.53% QTD, +20.61% YTD, -0.10% from record 28,164.00 set 11/27/19.

NASDAQ ends Week 50 at record 8,734.88, +0.91% from last Friday, +0.80% MTD, +9.20% QTD, +31.64% YTD, +0.00% from record 8,734.88 set 12/13/19.

SPX ends Week 50 at record 3,168.80, +0.73% from last Friday, +0.89% MTD, +6.45% QTD, +26.41% YTD, +0.00% from record 3,168.80 set 12/13/19.

The Week 50 of 2019 News Summary: After a year it appears there is an agreement for a US/China Phase 1 trade deal, specifics not provided, tariffs scheduled to start 12/15/19 by the US have been cancelled. There also appears to be agreement on all sides for the new US, Mexico, Canada(USMCA) treaty which will replace NAFTA. Boris Johnson’s conservative party wins a big landslide vote in the UK and Johnson says Brexit will be completed by the end of next month. The Federal Open Market Committee met, kept the federal short term interest rate at 1.50-1.75%, says the US economy is growing at a modest rate, which appears to be the case with various economic indices released during the week. On the US political news front the US House Judiciary Committee held hearings on the impeachment of President Trump, then approved a 2 count impeachment. The vote will now go to the full House next week. In the first two days of Week 50 The Stock Market Bear seemed to be in control. But as the US/China news came out The Stock Market Bull made his appearance, took over the field, and won all 3 US stock exchanges in convincing style with records two days in a row for the NASDAQ and SPX(S&P500) to end Week 50.

The Week 50 of 2019 tally YTD is:
The Stock Market Bull: 26 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 9 weeks

AT&T(PBR9) enters into a $4 billion accelerated share repurchase agreement, to retire about 100 million shares in 1Q20. $T PR link.

Molina Healthcare(PBR163) authorizes up to $500 million share repurchase program through 12/31/21. $MOH PR link.

Chesapeake Energy(PBR299) receives written notice from the New York Stock Exchange of its noncompliance that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period, CHK outlines plans to regain compliance, has 6 months. $CHK PR link.

Boston Scientific(PBR310) gets US FDA clearance of the EXALT™ Model D Single-Use Duodenoscope for use in endoscopic retrograde cholangiopancreatography (ERCP) procedures, the first and only FDA cleared single-use (disposable) duodenoscope on the market. $BSX PR link.

McDermott Intl(PBR432) receives written notice from the New York Stock Exchange of its noncompliance that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period, MDR outlines plans to regain compliance, has 6 months. $MDR PR link.

Cerner(PBR506) adds $1.5 billion to its share repurchase program, balance available is now $1.7 billion. $CERN PR link.

Affiliated Managers Group(PBR834 $AMG), TripAdvisors(PBR949 $TRIP) and Macerich(NYSE: $MAC) being moved from the S&P 500 to S&P Midcap 400, being replaced on S&P 500 by Live Nation(PBR283 $LYV), Zebra Technologies(PBR593 $ZBRA) and Steris(PBR769 $STE). $SPX PR link.

Nucor(PBR114) Lead Director John H. Walker to become Non-Executive Chairman on 01/01/20. $NUE PR link.

The US Dept of Labor says the US Preliminary November 2019 Import Prices are +0.2%, Export Prices are also +0.2%, Last 12 Months Import Prices are -1.3%, Export Prices also -1.3%. USDOL PR link.

***Thursday, December 12

Chevron(PBR11) sanctions the Anchor project in the US Gulf of Mexico, initial development investment is around $5.7 billion, first deepwater high-pressure development to achieve a final investment decision. $CVX PR link.

Pepsi(PBR48) announces Pepsi Café, to debut in the US in 04/20, that blends coffee with Pepsi cola. $PEP PR link.

Facebook(PBR57 $FB) will pay $130 million to establish an independent board charged with reviewing how the company moderates its content. MarketWatch PR link.

American Airlines(PBR67) says in consultation with the US FAA and Boeing(PBR28) it anticipates resumption of scheduled commercial service on American’s fleet of Boeing 737 MAX aircraft on 04/07/20. $AAL PR link.

Delta(PBR68) Private Jets, a wholly owned subsidiary of Delta, to combine with Wheels Up, to create one of the world’s largest owned and managed fleets of private aircraft, to close in early 2020, terms not disclosed. $DAL PR link.

3M(PBR92) to sell substantially all of its $380 million in annual revenues drug delivery business to an Altaris Capital Partners affiliate for around $650 million and a 17% noncontrolling interest in the new company. $MMM PR link.

Southwest Airlines(PBR137) gets portion of projected financial damages related to the grounding of the airline’s Boeing(PBR28) 737 MAX aircraft, will add $125 million to the 2019 employee profitsharing program. $LUV PR link.

PG&E(PBR179) files amended Plan of Reorganization with the Bankruptcy Court in its Chapter 11 cases, reflects PG&E’s settlements with all major groups of wildfire claimants, keeps PG&E on track to achieve regulatory approval and Bankruptcy Court confirmation in advance of the 06/30/20, statutory deadline for participation in the state’s new wildfire fund. $PCG PR link.

eBay(PBR285) announces new Android/iOS app eBay Motors for buying and selling cars. $EBAY PR link.

Constellation Brands(PBR335) and E. & J. Gallo Winery have agreed to revise their original transaction to divest a portion of Constellation’s wine and spirits portfolio to address US FTC competitive concerns, transaction price adjusted from $1.7 billion to $1.1 billion. $STZ PR link.

Genworth Financial(PBR351) completes $1.8 billion net cash sale of its majority interest in Genworth MI Canada, the largest private sector residential mortgage insurer in Canada, to Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN), should increase the likelihood of subsequently completing the acquisition of Genworth by China Oceanwide Holdings Group by 12/31/19. $GNW PR link.

Asbury Automotive(PBR419) to acquire certain assets of Park Place Dealerships, includes 17 new vehicle franchises, 15 of which are located in the Dallas/Fort Worth market: 3 Mercedes-Benz, 2 Lexus, 2 Jaguar, 2 Land Rover, 1 Porsche, 1 Volvo, 1 Bentley, 1 Rolls Royce, 1 McLaren, 1 Maserati, 1 Karma, and 1 Sprinter. Included in the 17 franchises is a Jaguar/Land Rover open point in Austin, TX that is expected to open late 1Q20, for $1 billion cash, excluding vehicle inventory, to add $2 billion in annual revenues, to close by 03/31/20. $ABG PR link.

The US Dept of Labor says the US Preliminary November 2019 Producer Price Index-Final Demand is +0.0%, October 2019 was at +0.4%, September 2019 -0.3%, November 2018 -0.1%, Last 12 Months is at +1.1%. USDOL PR link.

The US Federal Reserve says the US Preliminary 3Q19 Networth of Households & Non-Profits is at $113.832 trillion, +0.5% from 2Q19, +3.4% from 3Q18. USFed PR link.

***Wednesday, December 11

Amazon(PBR5 $AMZN) gets five days by the UK Competition and Markets Authority to address competition concerns of investment in Deliveroo restaurant delivery service. MarketWatch PR link.

AT&T(PBR9) has entered into a $4 billion accelerated share repurchase agreement to retire about 100 million shares in 1Q20, has set a 2020 target of an additional 4% in cost reductions, or about $1.5 billion, driven primarily by lower labor-related costs and corporate overhead. $T PR link.

Kroger(PBR21) and Walgreens Boots Alliance(PBR16 $WBA) forms new group purchasing organization called Retail Procurement Alliance, aimed at delivering purchasing efficiencies, lower costs and combined resources to help drive further innovation. $KR PR link.

Tesla(PBR141 $TSLA) 2019 Model 3 gets electric vehicle top rating from Edmunds. Edmunds PR link.

Dominion Energy(PBR236) and Vanguard Renewables to form a $200+ million, nationwide strategic partnership to convert methane from US dairy farms into clean, renewable natural gas to heat homes, power businesses and fuel vehicles. $D PR link.

Ryder(PBR354) authorizes new 1.5 million share repurchase program, to mitigate the dilutive impact of shares issued under the company’s employee stock plans, currently has 53.3 million common shares outstanding, to expire 12/11/21. $R PR link.

Olin Corp(PBR414) to permanently shut down a chlor alkali plant with a capacity of 230,000 tons and its Vinylidene Chloride (VDC) production facility, both in Freeport, TX, to be completed by end of 2020. $OLN PR link.

Fortive(PBR444) appoints of Mark D. Morelli as President/CEO and David H. Naemura as CFO of NewCo, a global industrial company that Fortive will form as part of its planned separation into two independent, publicly traded companies, to be effective in 1Q20. $FTV PR link.

Continental Resources(PBR543) Founder/CEO Harold Hamm to become Executive Chairman, William Berry has been appointed CEO and President Jack Stark will assume the additional role of COO, all effective 01/01/20. $CLR PR link.

The US Dept of Treasury says the US November 2019 Federal Government Receipts were at $225.2 billion, Outlays $434.0 billion, Deficit $208.8 billion, Receipts YTD(2 months) are at $470.7 billion, Outlays YTD $814.0 billion, Deficit YTD is at $343.3 billion, Deficit YTD 2018 was at $305.4 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary November 2019 Current Average Earnings/Hour is at $28.29, Average Hours Worked/Week is at 34.4, Current Weekly Earnings is at $973.18, +0.3% from October 2019, +3.1% from November 2018. USDOL PR link.

The US Dept of Labor says the US November 2019 Consumer Price Index-All Items is +0.3%, October 2019 was at +0.4%, September 2019 +0.0%, November 2018 +0.0%, Last 12 Months(Unadjusted) is at +2.1%. USDOL PR link.

The US Federal Open Market Committee finishes its meeting and issues a statement saying, “Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.” The FOMC votes to keep federal funds short term interest rates at 1.50%-1.75%. FOMC PR link.

***Tuesday, December 10

PBRMarketTools welcomes TransUnion, a leading US consumer credit reporting agency, to The PBR1000! Find out more at the $TRU Summary Profile.

ExxonMobil(PBR2) gets welcome verdict from the Supreme Court of the State of New York from lawsuit by the New York Attorney General regarding Exxon’s handling of information on its climate change research, release includes hotlink to full ruling. $XOM PR link.

Chevron(PBR11) estimates it will take non-cash, after tax impairment charges of $10 billion to $11 billion in its 4Q19 results, more than half related to the Appalachia shale project. $CVX PR link.

Chevron(PBR11) announces a 2020 organic capital and exploratory spending program of $20 billion. $CVX PR link.

Wells Fargo(PBR29) announces $0 trades on the WellsTrade® self-directed trading platform for stocks and exchange traded funds. $WFC PR link.

Tech Data(PBR84) $130/share around $5.4 billion acquisition by Apollo Global Mgmt(PBR995) set to be completed in 1H20, “Go-Shop” period has expired. $TECD PR link.

Cummins(PBR123) authorizes new up to $2 billion share repurchase program upon completion of its 2018 $2 billion share repurchase program. $CMI PR link.

Jacobs Engineering(PBR205) updating its ticker symbol from JEC to J, celebrates 30th anniversary on the NYSE on 12/15/19. $J PR link.

Conduent(PBR503) to move common stock trading from NYSE to NASDAQ effective 12/23/19, will continue to use ticker CNDT. $CNDT PR link.

LandStar(PBR550) increases its stock purchase program from 1,150,932 shares available to 3,000,000 shares. $LSTR PR link.

The US Dept of Labor says the US 3Q19 1st Revision Labor Productivity Output/Hr-All Persons is at -0.2%, the Preliminary Estimate was at -0.3%, 2Q19 was at +2.8%, 1Q19 +3.6%, 3Q18 +0.8%. USDOL PR link.

CoreLogic says the US September 2019 Housing Mortgage Loans 30 Or More Days Delinquent are at 3.8%, August 2019 was at 3.7%, July 2019 3.8%, September 2018 4.0%. CoreLogic PR link.

***Monday, December 9

UnitedHealth(PBR6)’s Optum unit to acquire specialty pharmacy and infusion services provider Diplomat Pharmacy(PBR495) for $4.00/share cash, around $288 million. $UNH PR link.

Johnson & Johnson(PBR36)’s Janssen unit to acquire to acquire all rights to the investigational compound bermekimab, an anti-IL-1alpha monoclonal antibody (mAb) in Phase 2 development for the treatment of atopic dermatitis and hidradenitis suppurativa, from XBiotech for $750 million. $JNJ PR link.

Merck(PBR72) to acquire biopharmaceutical company focused on kinase inhibitor discovery and development for the treatment of patients with cancer and other diseases ArQule(Nasdaq: ARQL) for $20 per share cash, total equity value of around $2.7 billion, to close in 1Q20. $MRK PR link.

Marriott Intl(PBR149) completes $199 million acquisition of the Elegant Hotels Group, owns and operates seven hotels with 588 rooms and a beachfront restaurant on the island of Barbados. $MAR PR link.

Group 1 Automotive(PBR263) acquires the only Lexus franchises in New Mexico, in Alburqurque and Santa Fe, are expected to generate approximately $90 million in annualized revenues. $GPI PR link.

Xerox(PBR309) releases a presentation for HP Inc(PBR55) shareholders, says $22/share bid is really worth $31/share. $XRX PR link.

Ryman Hospitality(PBR980) to acquire Block 21, a mixed-use entertainment, lodging, office and retail complex located in the heart of downtown Austin, TX, from Stratus Properties(NASDAQ: STRS) for $275 million, includes the assumption of approximately $141 million of existing mortgage debt. $RHP PR link.

Owens Corning(PBR411) Executive Chairman Mike Thaman to retire after 27 years with the company, President/CEO Brian Chambers elected to be Chairman, both effective after annual meeting in 04/20. $OC PR link.

FannieMae(PBR22) says the US November 2019 Home Purchase Sentiment Index is at 91.5, October 2019 was at 88.8, September 2019 91.5, November 2018 86.2. “Looking ahead, we continue to expect a steady but modest pace of growth in home purchase activity.” $FNMA PR link.

***Friday, December 6

The PBRMarketTools US Stock Exchanges Recap for Week 49 ending 112/06/19:

DJIA ends Week 49 at 28,015.06, -0.13% from last Friday, +3.58% MTD, +4.08% QTD, +20.09% YTD, -0.53% from record 28,164.00 set 11/27/19.

NASDAQ ends Week 49 at 8,656.53, -0.10% from last Friday, +4.39% MTD, +8.22% QTD, +30.46% YTD, -0.56% from record 8,665.47 set 11/27/19.

SPX ends Week 49 at 3,145.91, +0.16% from last Friday, +3.57% MTD, +5.68% QTD, +25.49% YTD, -0.24% from record 3,153.63 set 11/27/19.

The Week 49 of 2019 News Summary: At the beginning of the week President Trump indicated a US/China trade deal might not happen until after the 2020 elections, but by the end of the week the word was that a deal is “close.” The US House does not look like it will be able to act on the USMCA, a replacement for NAFTA, by the end of the year. On the US economy front the week started with lower numbers than hoped for for the manufacturing sector, but at the end of the week the jobs report was much more positive than expected. As for US politics, early Democrat Party front runner Kamala Harris suspended her presidential 2020 campaign for lack of funding and the US House has started the draft of the paperwork to formalize a vote for an impeachment trial of President Trump. The Stock Market Bear responded with some big time down numbers at the beginning of the week, but The Stock Market Bull responded with a huge comeback at the end of the week because of the jobs data. Bottomline, Week 49 ends mixed with The Stock Market Bear as the leader with a 2-1 edge by slim margins from all 3 major US stock indices.

The Week 49 of 2019 tally YTD is:
The Stock Market Bull: 25 weeks
The Stock Market Bear: 15 weeks
Mixed Results: 9 weeks

The PBR1000 Analyst Recommendations as of 12/05/19:

Buy: 108 companies
Overweight: 559
Hold: 290
Underweight: 33
Sell: 5
No Recommendation: 5

Total: 1,000

Total Analyst Recommendations: 14,881

Click here to find out more about The PBR1000!

Amgen(PBR124) gets US FDA approval for AVSOLA™ (infliximab-axxq) for all approved indications of the reference product, Remicade® (infliximab): for the treatment of moderate-to-severe rheumatoid arthritis (RA), moderate-to-severe Crohn’s Disease in the adult and pediatric population, moderate-to-severe ulcerative colitis in the adult and pediatric population, chronic severe plaque psoriasis, psoriatic arthritis and ankylosing spondylitis. $AMGN PR link.

United Natural Foods(PBR143) to sell 13 of its 43 Shoppers Food & Pharmacy stores to three separate grocery operators, to close by end of 02/20, to close 4 other locations where leases will be up, part of transformation to become a food wholesaler only. $UNFI PR link.

PG&E(PBR179) gets agreement on final major settlement for $13.5 billion from the 2017 Northern California Wildfires and 2018 Camp Fire, on path to emerge from Chapter 11 bankruptcy prior to 06/30/20 deadline. $PCG PR link.

Post Holdings(PBR459) approves new $400 million share repurchase program, previous $400 million authorization is cancelled, had used $252 million. $POST PR link.

Alexion Pharmaceutical(PBR601) says after discussions with Elliott Management affiliate it has decided not to sell company, is focused on delivering long-term shareholder value by advancing its mission of developing and delivering transformative medicines for people with rare diseases. $ALXN PR link.

Marvell Technology(PBR755) completes $1.76 billion cash sale of its 550 employees $300 million in revenues in FY2019 Wi-Fi and Bluetooth technology portfolios and related assets to NXP. $MRVL PR link.

SL Green Realty(PBR984) increases it share repurchase program by $500 million, authorization is now for $3 billion. $SLG PR link.

The US Dept of Labor says the US November 2019 Employed is at 158,593,000, +83,000 from October 2019, +1,790,000 from November 2018, Unemployed is at 5,811,000, -43,000 from October 2019, -207,000 from November 2018, Unemployment Rate is at 3.5%, was 3.7% in November 2018. USDOL PR link.

The US Federal Reserve says the US Preliminary October 2019 Consumer Credit Outstanding-Revolving is at $1.089 trillion, Non-Revolving $3.077 trillion, Total $4.165 trillion, +0.5% from September 2019, +3.9% YTD(10 months), +4.9% from October 2018. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary October 2019 Wholesale Sales-Durables were at $237.6 billion, Non-Durables $256.7 billion, Total $494.3 billion, -0.7% from September 2019, +1.4% from October 2018. USDOC PR link.

The U of Michigan US Preliminary December 2019 Consumer Sentiment Index is at 99.2, November 2019 was at 96.8, October 2019 95.5, December 2018 98.3. “While the implications of the economic expectations of Democrats and Republicans are clearly exaggerated, the Independents, who represent the largest group and are less susceptible to maintaining partisan views, hold very favorable expectations, indicating the continuation of the expansion based on consumer spending.” UMichigan PR link.

***Thursday, December 5

The PBR1000 November 2019 Top 5 By Market Capitalization)(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 11/29/19 Market Capitalization):

1. Apple(PBR3, $AAPL), $1,190 billion
2. Microsoft(PBR19, $MSFT), $1,162 billion
3. AlphabetPBR17, $GOOG), $905 billion
4. Amazon(PBR5, $AMZN), $902 billion
5. Facebook(PBR57, $FB, $576 billion

The PBR1000 Range: $1,190 billion to $0.01 billion
The PBR1000 Total Market Capitalization: $29,662 billion
Average: $29.7 billion
Median: $8.33 billion

Click here to find out more about The PBR1000!

General Motors(PBR14) and S Korea based LG Chem to mass-produce battery cells for future battery-electric vehicles, will invest up to a total of $2.3 billion through a new, equally owned joint venture company, will establish a battery cell assembly plant on a greenfield manufacturing site in the Lordstown, OH area, will create 1,100+ new jobs. $GM PR link.

MetLife(PBR45) to acquire pet health insurance administrator PetFirst Healthcare, currently administers insurance coverage on more than 40,000 pets, to close in 1Q20, terms not disclosed. $MET PR link.

Energy Transfer(PBR59) completes $17/share cash and stock, around $5 billion, includes debt, acquisition of midstream oil and gas transportation provider SemGroup(PBR813). $ET PR link.

Dollar General(PBR111) in 3Q report says it plans for 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations in next fiscal year. $DG PR link.

Huntsman(PBR327) to acquire $230 million in annual revenues Icynene-Lapolla, a leading N American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from FFL Partners, for $350 million cash, to close in 1H20. $HUN PR link.

Univar(PBR342) to sell its pest control management Environmental Sciences business to AEA Investors for $195 million, to close by early 2020. $UNVR PR link.

Caesars Entertainment(PBR357) completes $516.3 million sales of its Rio All-Suite Hotel & Casino to Imperial Companies, Caesars will continue to operate the property under a $45 million lease/year for at least 2 years. $CZR PR link.

Analog Devices(PBR463) files lawsuit against Xilinx(PBR722) for infringements off several key ADI patents. $ADI PR link.

Pyxus(PBR927) indirect wholly owned subsidiary Figr Brands has entered Ontario, Canada’s legal cannabis market, has plans to produce 43,000 kilograms of cannabis products annually. $PYX PR link.

TripAdvisor(PBR949) acquires SinglePlatform from Endurance International Group, helps restaurants to easily publish and manage their menus and other key information such as their business name, opening hours and contact information on main search and discovery sites like Google and Facebook, terms not disclosed. $TRIP PR link.

United Airlines(PBR74) CEO Oscar Munoz to transition to Executive Chairman, President J. Scott Kirby to become CEO, to be effective 05/20/20. $UAL PR link.

Tractor Supply(PBR376) hires Hal Lawton as President/CEO, effective 01/13/20, succeeds retiring CEO Greg Sandfort. $TSCO PR link.

The US Dept of Commerce/Census says the US Preliminary October 2019 Exports-Goods were at $136.1 billion, Services $71.1 billion, Total Exports $207.2 billion, Total Exports YTD(10 months) is at $2.087 trillion, Imports-Goods were at $204.1 billion, Services $50.2 billion, Total Imports $254.3 billion, Total Imports YTD is at $2.607 trillion, Total Deficit $47.1 billion, Total Deficit YTD is at $520.1 billion, Total Deficit YTD 2018 was at $513.9 billion. USDOC PR link.

The US Dept of Commerce says the US Preliminary October 2019 Manufacturers Sales-Durable Goods was at $248.4 billion, Non-Durable Goods $248.6 billion, Total Sales $497.0 billion, Sales YTD(10 months) are at $4.974 trillion, Sales YTD 2018 was at $4.992 trillion. USDOC PR link.

***Wednesday, December 4

The PBR1000 Spotlight for this week is Equinix, a leading global data centers services operator. Equinix Spotlight link.

Marriott Intl(PBR149) is projecting to open more than 30 luxury properties in 2020. $MAR PR link.

Viacom(PBR242) and CBS(PBR213) complete merger, now ViacomCBS Inc, begins trading on 12/05/19 as NASDAQ: VIACA and VIAC. $VIACA PR link.

Chesapeake Energy(PBR300) gets a secured first lien last out 4.5-year term loan facility of up to $1.5 billion from one or more commercial banks, to be used primarily for Brazos Valley Longhorn investments. $CHK PR link.

Prologis(PBR769) expands its development venture in China and increases its development capacity to more than $3.5 billion, announces formation of its new $1.7 billion open-ended Prologis China Core Logistics Fund. $PLD PR link.

Verisk Analytics(PBR832) to acquire privately held Iselin, NJ-based software developer for the life insurance and annuity industry FAST for $193.5 million. $VRSK PR link.

Expedia(PBR276) CEO/Board member Mark Okerstrom and CFO Alan Pickerill resign their positions effective immediately, Chairman Barry Diller and Vice Chairman Peter Kern to oversee executive leadership team while Board determines the long-term leadership, Chief Strategy Officer Eric Hart to serve as Acting CFO; Board adds up to 20 million shares to repurchase program, balance available is around 29 million shares. $EXPE PR link.

ADP(PBR221) says the US November 2019 Private Sector Change In Employment was +67,000, October 2019 was +121,000, September 2019 +124,000, November 2018 +136,000. $ADP PR link.

The Institute for Supply Management says the US November 2019 Non-Manufacturing Index(>50% economy growing) is at 53.9%, October 2019 was at 54.7%, September 2019 52.6%, November 2018 60.4%. “The respondents hope for a resolution on tariffs and continue to be hampered by constraints in labor resources.” ISM PR link.

The IHS Markit US November 2019 Composite PMI Output Index is at 52.0, October 2019 was at 50.9, September 51.0, November 2018 54.7. “Business confidence remained subdued in November, with manufacturers and service providers noting less upbeat output expectations for the year ahead.” IHS Markit PR link.

***Tuesday, December 3

AMD(PBR442) at +281% is at the top of November’s Snapshot 13, The PBR1000 Top 5 Stock Performers Since 12/29/17(23 months). Check out the Summary, click here!

Haliburton(PBR122 $HAL) closes its El Reno, OK, camp operations, 808 employees layed off. Houston Business Journal PR link.

Constellation Brands(PBR336) to sell its Ballast Point brand and a number of its associated production facilities and brewpubs, excluding Constellation’s Craft & Specialty operations in Daleville, VA, to Chicagoland-based Kings & Convicts Brewing Co, to close by 02/29/20, terms not disclosed. $STZ PR link.

Rush Enterprises(PBR494) authorizes up to $100 million share repurchase program, replaces current $150 million which had around $26.4 million remaining. $RUSHA PR link.

Cleveland-Cliffs(PBR843) to acquire producer of flat-rolled carbon, stainless and electrical steel products AK Steel(PBR424) for $3.36/share all stock deal valued at $1.1 billion, to close in 1H20. $CLF PR link.

Alphabet(PBR17) Co-founders CEO Larry Page and President Sergey Brin step down from their roles, remain on the Board, Google CEO Sundar Pichai adds role of CEO of Alphabet, effective immediately. $GOOG PR link.

Frontier Communications(PBR345) President/CEO/Board member Daniel McCarthy steps down after 29 years with the company, Board hires Bernie Han as new President/CEO, effective immediately. $FTR PR link.

AMC Entertainment(PBR498) re-appoints Lincoln Zhang as a director, elects him as Non-Executive Chairman, had previously served in the role from 08/12 to 03/18, succeeds Zeng Maojun (John Zeng) who remains on the Board. $AMC PR link.

TrueCar/ALG says the US November 2019 New Auto Sales were at 1,399,639, +4.9% from October 2019, +0.9% from November 2018; Average Incentive Outlay was at $3,759, Average Transaction Price $35,623. TrueCar PR link.

The PurdueU/CME Group November 2019 Ag Economy Barometer is at 153, October 2019 was at 136, September 2019 121, November 2018 134. “Agricultural producers’ sentiment became markedly more optimistic about current economic conditions in agriculture and that, along with a small increase in optimism about the future, led to the barometer rising substantially from October to November.” PurdueU PR link.

***Monday, December 2

The PBR25 Top Stock Buys By Analyst Recommendations As Of 11/29/19 Summary:

– Average Recommendation: 4.72/5.00
– Avg Recommendations Range: 4.61-4.96/5.00
– Avg Number of Recommendations: 29+
– Avg Number of Buy Recommendations: 24+
– Range of Buy Recommendations: 15 to 43
– NYSE: 17 companies, NASDAQ: 8
– Avg Return since 12/31/14(59 mos): +164.2%
– DJIA Return since 12/31/14: +57.4%
– NASDAQ Return since 12/31/14: +83.0%
– S&P500 Return since 12/31/14: +52.6%

To find out more about The PBR25 click here!

Amazon(PBR5) announces new Quantum computing service (Amazon Braket) along with AWS Center for Quantum Computing and Amazon Quantum Solutions Lab. $AMZN PR link.

Kroger(PBR21)’s Kroger Delivery Kitchen Powered by ClusterTruck is launching in Carmel, IN – where Kroger and ClusterTruck are jointly opening a fourth kitchen – and Indianapolis, IN, and Columbus, OH, as well as King Soopers Delivery Kitchen Powered by ClusterTruck for Denver customers, nearly every order is in the hands of the customer within 7 minutes of the meal’s preparation, average time between placing an order and a customer receiving their food is less than 30 minutes. $KR PR link.

Intel(PBR43) completes $1 billion sale to Apple(PBR3) of majority of its smartphone modem business, includes approximately 2,200 employees along with intellectual property, equipment and leases. $INTC PR link.

PepsiCo(PBR48) to acquire 750 employees global, diversified, better-for-you snack company BFY Brands, the maker of PopCorners snacks, will report into PepsiCo’s Frito-Lay North America division, terms not disclosed. $PEP PR link.

Freeport-McMoRan(PBR166) completes $150 million sale of its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore. $FCX PR link.

Baxter(PBR280) to acquire $100 million in annual revenues provider of adhesion prevention products, hemostats and sealants Seprafilm Adhesion Barrier and related assets from Sanofi for $350 million cash, to close by end of 1Q20. $BAX PR link.

Newmont Goldcorp(PBR402) authorizes up to $1 billion share repurchase program over next 12 months, replaces previous up to $100 million plan. $NEM PR link.

Newmont Goldcorp(PBR402) to sell its 19.9% equity stake and its convertible bond in Continental Gold to Zijin Mining Group for $260 million, to close in 1Q20. $NEM PR link.

McDermott Intl(PBR433) granted access to $350 million Tranche B of the $1.7 billion superpriority senior secured credit facility, has entered into a forbearance agreement with holders of 35%+ of McDermott’s 10.625% senior notes due 2024, continues to pursue strategic alternatives process for it Lummus Technology unit. $MDR PR link.

Pitney Bowes(PBR660) completes $700 million cash sale of its Software Solutions business to Syncsort. $PBI PR link.

SS&C Tech(PBR672) completes acquisition of more than 200 clients, 350 employees, and offices in 25 countries, risk analytics provider Algorithmics, terms not disclosed. $SSNC PR link.

The US Dept of Commerce/Census says the US Preliminary October 2019 Annual Rate All Construction-Residential is at $514.5 billion, Non-Residential $776.5 billion, Total $1.291 trillion, -0.8% from September 2019, +1.1% from October 2018. USDOC PR link.

The US Federal Reserve Bank of Chicago says the 7th District Preliminary October 2019 Midwest Economy Index is at -0.41, September was at -0.45, August -0.36, October 2018 +0.08. ChiFed PR link.

The Institute for Supply Management says the US November 2019 Manufacturing PMI Index(<50% is Contracting) is at 48.1%, October 2019 was at 48.3%, September 2019 47.8%, November 2018 59.3%. “Overall, sentiment this month is neutral regarding near-term growth…” ISM PR link.

IHS Markit says the US November 2019 Manufacturing PMI Index is at 52.6, October 2019 was at 51.3, September 2019 51.1, November 2018 55.3. “November data indicated a faster rate of improvement in operating conditions across the U.S. manufacturing sector… Business confidence remained historically muted, however, as global economic
uncertainty continued to weigh on expectations.” IHS Markit PR link.

Adobe Systems(PBR332)’ Analytics unit Adobe Holiday Shopping Trends-Predictions 2019 report expects $9.4 billion in sales on CyberMonday. $ADBE PR link.

***Friday, November 29

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

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

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

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

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

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

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

Click here to follow The PBR1000 on Twitter!

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!

(Image by skeeze from Pixabay)

Filed Under: Recaps Tagged With: acquisitions, Business Intelligence, business news, DJIA, Economy, Investing, Leadership, Market Research, mergers, NASDAQ, Recap, S&P 500, Snapshots, Stock Market, The PBR1000, Wealth Management

The PBR1000 November 2019 Stocks & Commodities Snapshots

December 3, 2019 by admin

November 2019 The PBR1000:

Another Big Month for The Stock Market Bull

It was another big month for The PBR1000 and The Stock Market Bull as many new records were set.

By Larry C. Paxton

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

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

The November 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

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

Record Days: DJIA 11, NASDAQ 11, SPX 11

Longest Gain Streak(Consecutive Days): DJIA 8 days(11/01-13/19), NASDAQ 4 days(11/22-27/19), and SPX 5 days(11/12-18/19)

Longest Loss Streak(Consecutive Days): DJIA 3 days(11/19-21/19), NASDAQ 2 days(11/13-14/19, 11/20-21/19), and SPX 3 days(11/19-21/19)

Big Swing Up Days(>1.00%): 2 days, 11/01/19(D +1.11%, N +1.13%), 11/25/19(N +1.32%)

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

The PBR1000 November 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 November 2019 Snapshots. The price for stocks is for the close of trading on November 29, 2019, Month % Chg is compared to October 31, 2019, YTD % Chg is compared to December 31, 2018, and the 23 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the November 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +102% to -89%. 700 out of 1,000 stocks were up 0% or more. The average was a gain of 2.63%, the median was a gain of 2.95%. The DJIA was +3.72%, NASDAQ +4.50%, SPX +3.40%.

Company	PBR Rank	Symbol	Price 11/29/19	Mo % Chg	YTD % Chg	23 Mos % Chg
Stage Stores	954	SSI	$ 4.80	+102	+549	+186
Pier 1 Imports	956	PIR	$ 8.47	+50	+37	-90
Chico’s FAS	875	CHS	$ 4.77	+39	-15	-46
Tronox	922	TROX	$ 11.58	+36	+49	-44
TD Ameritrade	470	AMTD	$ 51.83	+35	+6	+1

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

Table 2 Summary: The range was +549% to -97%. 777 out of 993 stocks were up 0% or more. The average was a gain of 24.65%, the median was a gain of 19.83%. The DJIA was +20.25%, NASDAQ +30.60%, SPX +25.30%.

Company	PBR Rank	Symbol	Price 11/29/19	Mo % Chg	YTD % Chg	23 Mos % Chg
Stage Stores	954	SSI	$ 4.80	+102	+549	+186
Avon Products	490	AVP	$ 4.59	+7	+202	+113
Diebold Nixdorf	554	DBD	$ 7.27	+4	+192	-56
Snap	988	SNAP	$ 15.25	+1	+177	+4
FannieMae	22	FNMA	$ 2.77	-10	+161	+5

Table 3(S13): The PBR1000 Top 5 23 Months Stock Price % Gainers

Table 3 Summary: The range was +281% to -99%. 532 out of 991 stocks were up 0% or more. The average was a gain of 11.52%. The median was a gain of 2.34%. The DJIA was +13.48%, NASDAQ +25.52%, SPX +17.48%.

Company	PBR Rank	Symbol	Price 11/29/19	Mo % Chg	YTD % Chg	23 Mos % Chg
AMD	442	AMD	$ 39.15	+15	+112	+281
Stage Stores	954	SSI	$ 4.80	+102	+549	+186
Chipotle	536	CMG	$ 813.92	+5	+89	+182
Crocs	996	CROX	$ 34.90	-0	+34	+176
Keysight Tech	615	KEYS	$ 107.03	+6	+72	+157

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

Table 4 Summary: The range was $1,190 billion to $0.01 billion. The average is $29.631 billion, median is $8.39 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 11/29/19	Mo % Chg	YTD % Chg	23 Mos % Chg
Apple	3	AAPL	$ 1,190 B	+8	+61	+36
Microsoft	19	MSFT	$ 1,162 B	+5	+51	+76
Alphabet	17	GOOG	$ 905 B	+4	+26	+24
Amazon	5	AMZN	$ 902 B	+2	+25	+62
Facebook	57	FB	$ 576 B	+7	+50	+12
The PBR1000			$ 29,631 B	+3	+25	+14

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

Company	Price 11/29/19	Mo % Chg	YTD % Chg	23 Mos % Chg
The PBR1000	96,649.26	+2.6	+24.7	+11.5
DJIA	28,051.41	+3.7	+20.3	+13.5
NASDAQ	8,665.47	+4.5	+30.6	+25.5
S&P500	3,140.98	+3.4	+25.3	+17.5
GOLD	1,472.7	-2.8	+14.6	+12.8
SILVER	17.11	-5.3	+9.9	+0.7
OIL	55.17	+1.8	+20.4	-8.2

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 October 2019 Stocks & Commodities Snapshots

November 3, 2019 by admin

October 2019 The PBR1000:

The Stock Market Bull Takes Charge

The Stock Market Bull takes charge of The PBR1000 and has a commanding lead year-to-date.

By Larry C. Paxton

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

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

The October 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 23

Number of Gain(+)/Loss(-) Days: DJIA 12+/11-; NASDAQ 13+/10-; SPX 13+/10-.

Record Days: DJIA 0, NASDAQ 0, SPX 2

Longest Gain Streak(Consecutive Days): DJIA 3 days(10/09-11/19), NASDAQ 4 days(10/23-28/19), and SPX 4 days(10/23-28/19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(10/07-08/19), NASDAQ 2 days(10/07-08/19), and SPX 2 days(10/01-02/19, 10/07-08/19)

Big Swing Up Days(>1.00%): 6 days, 10/03/19(N +1.12%), 10/04/19(D +1.42%, N +1.40%, S +1.42%), 10/09/19(N +1.02%), 10/11/19(D +1.21%, N +1.34%, S +1.09%), 10/15/19(N +1.24%, S +1.00%), 10/28/19(N +1.01%)

Big Swing Down Days(<-1.00%): 3 days, 10/01/19(D -1.28%, N -1.13%, S -1.23%), 10/02/19(D -1.86%, N -1.56%, S -1.79%), 10/08/19(D -1.19, N -1.67%, S -1.56%)

The PBR1000 October 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 October 2019 Snapshots. The price for stocks is for the close of trading on October 31, 2019, Month % Chg is compared to September 30, 2019, YTD % Chg is compared to December 31, 2018, and the 22 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the October 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +208% to -57%. 559 out of 1,000 stocks were up 0% or more. The average was a gain of 1.08%, the median was a gain of 0.89%. The DJIA was +0.48%, NASDAQ +3.66%, SPX +2.04%.

Company	PBR Rank	Symbol	Price 10/31/19	Mo % Chg	YTD % Chg	22 Mos % Chg
Superior Energy	876	SPNV	$ 0.40	+208	-88	-96
Fitbit	961	FIT	$ 6.18	+62	+24	+8
Endo Intl	742	ENDP	$ 4.59	+43	-37	-41
Align Tech	895	ALGN	$ 252.29	+39	+20	+14
UNISYS	765	UIS	$ 10.26	+38	-12	+26

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

Table 2 Summary: The range was +222% to -92%. 748 out of 993 stocks were up 0% or more. The average was a gain of 21.50%, the median was a gain of 17.54%. The DJIA was +15.94%, NASDAQ +24.97%, SPX +21.17%.

Company	PBR Rank	Symbol	Price 10/31/19	Mo % Chg	YTD % Chg	22 Mos % Chg
Stage Stores	954	SSI	$ 2.38	+28	+222	+42
FannieMae	22	FNMA	$ 3.08	-19	+191	+16
Avon Products	490	AVP	$ 4.29	-3	+182	+100
Diebold Nixdorf	554	DBD	$ 7.00	-38	+181	-57
FreddieMac	40	FMCC	$ 2.88	-20	+174	+14

Table 3(S13): The PBR1000 Top 5 22 Months Stock Price % Gainers

Table 3 Summary: The range was +230% to -98%. 479 out of 991 stocks were up 0% or more. The average was a gain of 8.58%. The median was a gain of 0.66%. The DJIA was +9.41%, NASDAQ +20.12%, SPX +13.61%.

Company	PBR Rank	Symbol	Price 10/31/19	Mo % Chg	YTD % Chg	22 Mos % Chg
AMD	442	AMD	$ 33.93	+17	+84	+230
BlueLinx	756	BXC	$ 31.26	-3	+27	+220
Crocs	996	CROX	$ 34.99	+26	+35	+177
Chipotle	536	CMG	$ 778.16	-7	+80	+169
FTI Consulting	885	FCN	$ 108.87	+3	+63	+153

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

Table 4 Summary: The range was $1,052 billion to $0.01 billion. The average is $27.976 billion, median is $7.81 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 10/31/19	Mo % Chg	YTD % Chg	22 Mos % Chg
Microsoft	19	MSFT	$ 1,103 B	+5	+43	+67
Apple	3	AAPL	$ 1,099 B	+11	+48	+26
Amazon	5	AMZN	$ 883 B	+3	+22	+59
Alphabet	17	GOOG	$ 870 B	+2	+21	+19
Facebook	57	FB	$ 537 B	+6	+40	+5
The PBR1000			$ 28,714 B	+3	+21	+11

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

Company	Price 10/31/19	Mo % Chg	YTD % Chg	22 Mos % Chg
The PBR1000	94,057.02	+1.1	+21.5	+8.6
DJIA	27,046.23	+0.5	+15.9	+9.4
NASDAQ	8,292.36	+3.7	+25.0	+20.1
S&P500	3,037.56	+2.0	+21.2	+13.6
GOLD	1,514.80	+2.5	+17.9	+16.1
SILVER	18.07	+6.1	+16.1	+6.4
OIL	54.18	-0.1	+18.3	-9.9

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 October 2019 Breaking News Recap

November 1, 2019 by admin

The White House and The PBR1000: Strange Bedfellows

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

By Larry C. Paxton

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

***Thursday, October 31

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 30

The PBR1000 Welcomes SS&C Technologies Holdings!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 29

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, October 28

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 24

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 23

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

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

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

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

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

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

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

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

***Tuesday, October 22

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, October 21

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 17

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 16

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 15

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

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

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

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

***Monday, October 14

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

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

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

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

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

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

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

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

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

***Friday, October 11

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

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

3M(PBR92) completes $6.7 billion, includes debt, acquisition of global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand $1.5 billion in sales in 2018 Acelity from a consortium of Apax Partners. $MMM PR link.

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

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

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

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

***Thursday, October 10

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

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

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

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

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

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

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

***Wednesday, October 9

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

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

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

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

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

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

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

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

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

***Tuesday, October 8

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

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

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

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

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

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

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

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

***Monday, October 7

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 3

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, September 30

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

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

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

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

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

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

Click here to follow The PBR1000 on Twitter!

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

(Image courtesy of Pixabay)

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

The PBR1000 September 2019 Stocks & Commodities Snapshots

October 3, 2019 by admin

September 2019 The PBR1000:

The Stock Market Bull Prevails

September 2019 was a significantly less volatile month than August, and 2019 overall has been quite good. Will The Stock Market Bull keep good order in the pasture for the 4th quarter?

By Larry C. Paxton

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

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

The September 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

Number of Gain(+)/Loss(-) Days: DJIA 13+/7-; NASDAQ 8+/12-; SPX 11+/9-.

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 8 days(09/04-13/19), NASDAQ 2 days(09/04-05/19, 09/11-12/19), and SPX 3 days(09/04-06/19, 09/10-12/19, 09/17-19/19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(09/19-20/19), NASDAQ 3 days(09/06-10/19), and SPX 3 days(09/20-24/19)

Big Swing Up Days(>1.00%): 4 days, 09/04/19(N +1.30%), 09/05/19(D +1.41%, N +1.75%, S +1.30%), 09/11/19(N +1.06%), 09/25/19(N +1.05%)

Big Swing Down Days(<-1.00%): 3 days, 09/03/19(D -1.08%, N -1.11%), 09/24/19(N -1.46%), 09/27/19(N -1.13%)

The PBR1000 September 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 September 2019 Snapshots. The price for stocks is for the close of trading on September 30, 2019, Month % Chg is compared to August 30, 2019, YTD % Chg is compared to December 31, 2018, and the 21 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the September 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +142% to -61%. 752 out of 1,000 stocks were up 0% or more. The average was a gain of 2.26%, the median was a gain of 3.81%. The DJIA was +1.95%, NASDAQ +0.46%, SPX +1.72%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Stage Stores	954	SSI	$ 1.86	+142	+151	+11
Hovnanian	892	HOV	$ 19.25	+134	+13	-77
Pier 1 Imports	956	PIR	$ 9.72	+122	+57	-88
SemGroup	817	SEMG	$ 16.34	+85	+19	-46
Michael’s	510	MIK	$ 9.79	+73	-28	-60

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

Table 2 Summary: The range was +350% to -96%. 738 out of 993 stocks were up 0% or more. The average was a gain of 20.20%, the median was a gain of 16.23%. The DJIA was +15.39%, NASDAQ +20.56%, SPX +18.74%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Diebold Nixdorf	554	DBD	$ 11.20	-0	+350	-32
FannieMae	22	FNMA	$ 3.80	+35	+258	+43
FreddieMac	40	FMCC	$ 3.59	+33	+242	+42
Avon Products	489	AVP	$ 4.40	+1	+189	+105
Snap	988	SNAP	$ 15.80	-0	+187	+8

Table 3(S13): The PBR1000 Top 5 21 Months Stock Price % Gainers

Table 3 Summary: The range was +231% to -99%. 479 out of 991 stocks were up 0% or more. The average was a gain of 7.42%. The median was a loss of 1.42%. The DJIA was +8.89%, NASDAQ +15.88%, SPX +11.34%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
BlueLinx	755	BXC	$ 32.33	+13	+31	+231
Chipotle	535	CMG	$ 840.47	+0	+95	+191
AMD	442	AMD	$ 28.99	-8	+57	+182
FTI Consulting	885	FCN	$ 105.99	-2	+59	+147
Keysight Tech	617	KEYS	$ 97.25	+0	+57	+134

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

Table 4 Summary: The range was $1,052 billion to $0.01 billion. The average is $27.976 billion, median is $7.81 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Microsoft	19	MSFT	$ 1,052 B	-0	+36	+60
Apple	3	AAPL	$ 989 B	+5	+33	+13
Amazon	5	AMZN	$ 854 B	-3	+18	+53
Alphabet	16	GOOG	$ 850 B	+3	+18	+16
Berkshire Hathaway	4	BRKA	$ 509 B	+2	+2	+4
The PBR1000			$ 27,976 B	+1	+18	+8

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

Company	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
The PBR1000	93,052.64	+2.3	+20.2	+7.4
DJIA	26,916.83	+2.0	+15.4	+8.9
NASDAQ	7,999.34	+0.5	+20.6	+15.9
S&P500	2,976.74	+1.7	+18.7	+11.3
GOLD	1,478.30	-3.3	+15.1	+13.3
SILVER	17.04	-7.1	+9.5	+0.3
OIL	54.24	-1.6	+18.4	-9.8

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 August 2019 Stocks & Commodities Snapshots

September 4, 2019 by admin

August 2019 The PBR1000: The Stock Market Bear Returns

The Stock Market Bear returns for his 2nd monthly win in 2019, taking advantage of US/China trade concerns and US political uncertainties and turmoil overriding continued economic growth.

By Larry C. Paxton

The Week 35 and August News Summary: On the international front the G-7 meeting in France concluded with a US/Japan deal and signals by both the US and China that eased trade tensions. The UK continues to struggle on Brexit issues with the October 31 deadline approaching. For the month US/China trade dominated the news, and mostly in a negative way as both sides announced tariffs to go into effect, but mellowed out in the last week. Throughout the month the US economic data continued to indicate modest to moderate growth, but slowing as well, and whispers of recession being imminent increased a little bit. Corporate earnings were mostly mixed with a few pleasant surprises. After a 4 wild weeks run by The Stock Market Bear it was time for The Stock Market Bull to regain the pasture, winning Week 35 easily, but having to concede August to The Stock Market Bear.

The Week 35 of 2019 tally YTD is:
The Stock Market Bull: 17 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

The Monthly 2019 YTD(8 months through August) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

The August 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 3 days(08/15-19/19, 08/28-30/19), NASDAQ 3 days(08/06-08/19), and SPX 3 days(08/06-08/19, 08/15-19/19, 08/28-30/19)

Longest Loss Streak(Consecutive Days): DJIA 5 days(07/30-08/05/19), NASDAQ and SPX 6 days(07/29-08/05/19)

Big Swing Up Days(>1.00%): 8 days, 08/06/19(D +1.21%, N +1.39%, S +1.30%), 08/08/19(D +1.43%, N +2.24%, S +1.88%), 08/13/19(D +1.44%, N +1.95%, S +1.48%), 08/16/19(D +1.20%, N +1.67%, S +1.44%), 08/19/19(N +1.35%, S +1.21%), 08/26/19(D +1.05%, N +1.32%, S +1.10%), 08/28/19(D +1.00%), 08/29/19(D +1.25%, N +1.48%, S +1.27%)

Big Swing Down Days(<-1.00%): 7 days, 08/01/19(D -1.05%), 08/02/19(N -1.32%), 08/05/19(D -2.90%, N -3.47%, S -2.98%), 08/09/19(N -1.00%), 08/12/19(D -1.45%, N -1.20%, S -1.20%), 08/14/19(D -3.05%, N -3.02%, S -2.93%), 08/23/19(D -2.37%, N -3.00%, S -2.59%)

The PBR1000 August 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 August 2019 Snapshots. The price for stocks is for the close of trading on August 30, 2019, Month % Chg is compared to July 31, 2019, YTD % Chg is compared to December 31, 2018, and the 20 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the August 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +87% to -64%. 314 out of 1,000 stocks were up 0% or more. The average was a loss of 1.93%, the median was a loss of 4.71%. The DJIA was -1.72%, NASDAQ -2.60%, SPX -1.81%.

Company	PBR Rank	Symbol	Price 08/30/19	Mo % Chg	YTD % Chg	20 Mos % Chg
Owens & Minor	309	OMI	$ 5.08	+87	-20	-73
Vitamin Shoppe	995	VSI	$ 6.45	+46	+36	+47
Cincinnati Bell	971	CBB	$ 5.43	+42	-30	-74
WW(Weight Watchers)	957	WW	$ 29.99	+39	-22	-32
Hovnanian	891	HOV	$ 8.24	+37	-52	-90

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

Table 2 Summary: The range was +350% to -98%. 674 out of 994 stocks were up 0% or more. The average was a gain of 17.63%, the median was a gain of 11.65%. The DJIA was +13.19%, NASDAQ +20.01%, SPX +16.74%.

Company	PBR Rank	Symbol	Price 08/30/19	Mo % Chg	YTD % Chg	20 Mos % Chg
Diebold Nixdorf	553	DBD	$ 11.21	-19	+350	-31
Snap	990	SNAP	$ 15.83	-6	+187	+8
Avon Products	491	AVP	$ 4.35	+2	+186	+102
FannieMae	21	FNMA	$ 2.82	+24	+166	+6
FreddieMac	39	FMCC	$ 2.70	+20	+157	+7

Table 3(S13): The PBR1000 Top 5 20 Months Stock Price % Gainers

Table 3 Summary: The range was +206% to -99%. 429 out of 992 stocks were up 0% or more. The average was a gain of 5.12%. The median was a loss of 5.78%. The DJIA was +6.81%, NASDAQ +15.35%, SPX +9.46%.

Company	PBR Rank	Symbol	Price 08/30/19	Mo % Chg	YTD % Chg	20 Mos % Chg
AMD	443	AMD	$ 31.45	+3	+70	+206
BlueLinx	752	BXC	$ 28.69	+35	+16	+194
Chipotle	536	CMG	$ 838.42	+5	+94	+190
FTI Consulting	883	FCN	$ 108.14	+4	+62	+152
Keysight Tech	618	KEYS	$ 96.86	+8	+56	+133

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

Table 4 Summary: The range was $1,055 billion to $0.00 billion. The average is $27.540 billion(PBR217), median is $7.43 billion(PBR500), out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 08/30/19	Mo % Chg	YTD % Chg	20 Mos % Chg
Microsoft	19	MSFT	$ 1,055 B	-2	+37	+60
Apple	3	AAPL	$ 945 B	-2	+27	+8
Amazon	5	AMZN	$ 884 B	-6	+22	+59
Alphabet	16	GOOG	$ 828 B	-3	+15	+13
Facebook	56	FB	$ 529 B	-6	+38	+3
The PBR1000			$ 27,540 B	-3	+17	+6

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

Company	Price 08/30/19	Mo % Chg	YTD % Chg	20 Mos % Chg
The PBR1000	90,890.21	-1.9	+17.6	+5.1
DJIA	26,403.28	-1.7	+13.2	+6.8
NASDAQ	7,962.88	-2.6	+20.0	+15.4
S&P500	2,926.46	-1.8	+16.7	+9.5
GOLD	1,529.40	+6.4	+19.1	+17.2
SILVER	18.34	+11.8	+17.9	+8.0
OIL	55.10	-5.9	+20.3	-8.3

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 July 2019 Stocks & Commodities Snapshots

August 5, 2019 by admin

July 2019 The PBR1000: The Stock Market Bull Sets Some Records

The Stock Market Bull had a good start to the 2nd half of 2019, setting records in all 3 major US stock exchanges. With global and US economies still growing, but more slowly, can he maintain the momentum for the rest of the year?

By Larry C. Paxton

The PBR1000 July 2019 News Summary: The stage for July was set at the end of June when US President Trump met with China President Xi Jinping at the G20 Summit in Osaka, Japan. While there were no decisions, trade negotiations were on and off during July, the next meetings scheduled for September. President Trump also had an historic meeting with N Korea President Kim Jong-un at the DMZ, briefly entered into N Korea, and had a much longer chat than expected with Kim Jong-un afterwards. But at the end of July N Korea fired some short range rockets labelled as a kind of protest against scheduled joint US/S Korea and allies military exercises. Iran apparently attacked some oil ships, and they have exceeded the enriched nuclear material levels agreed to in a treaty the US withdrew from. UK Prime Minister Theresa May was unable to negotiate an acceptable Brexit agreement, stepped down, and the controversial and flamboyant Boris Johnson is the new PM, making Brexit his top priority. The European Central Bank signaled future funds rate cuts. The US celebrated the 243rd anniversary of Independence Day on July 4th. The US Women’s Soccer team won the World Cup. Tropical Storm Barry struck Louisiana and other Southern states, but damage was not as extensive as had been anticipated. The month started out with a strong US jobs report. 2Q19 corporate earningsreports started and are mixed with Boeing being hit by the continuing issues with its 737 MAX airplane. Robert Mueller appeared before a couple of congressional committees for hearings on his report concerning Russian interference in the 2016 presidential election and possible collusion by the Trump campaign, with no additional clarity. Capital One was hit with a large hack that is causing identity theft concerns. The Democrat Party sponsored 2 debates with 10 presidential candidates each, Joe Biden continues to be the front runner. On the last day of the month the Federal Open Market Committee approved a 0.25% cut in the federal funds rate, and each of the major US stock exchanges took >1% drop. The Gross Domestic Product Annual Rate came in at +2.1%, indicating slower growth. The 3 major US Stock Exchanges all hit records during the month, and even with the significant drop on the last day The Stock Market Bull prevailed over The Stock Market Bear to take his 6th 3-0 monthly victory over only 1 monthly loss.

The July 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

Number of Gain(+)/Loss(-) Days: DJIA 12+/10-; NASDAQ 12+/10-; SPX 13+/9-.

Record Days: DJIA 4, NASDAQ 6, SPX 8

Longest Gain Streak(Consecutive Days): DJIA 4 days(06/28-07/03/19, 07/10-15/19), NASDAQ 6 days(06/26/10-07/03/19), and SPX 5 days(06/27-07/03/19, 07/09-15/19)

Longest Loss Streak(Consecutive Days): DJIA 3 days(07/05-09/19), NASDAQ and SPX 3 days(07/29-31/19)

Big Swing Up Days(>1.00%): 2 days (07/01/19(N +1.06%), 07/26/19(N +1.11%))

Big Swing Down Days(<-1.00%): 1 days (07/31/19(D -1.23%, N -1.19%, S -1.09%))

The PBR1000 July 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 July 2019 Snapshots. The price for stocks is for the close of trading on July 31, 2019, Month % Chg is compared to June 28, 2019, YTD % Chg is compared to December 31, 2018, and the 19 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the July 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +58% to -73%. 550 out of 1,000 stocks were up 0% or more. The average was a gain of 0.84%(PBR482), the median was a gain of 0.69%(PBR500). The DJIA was +0.99%, NASDAQ +2.11%, SPX +1.31%.

Company	PBR Rank	Symbol	Price 07/31/19	Mo % Chg	YTD % Chg	19 Mos % Chg
Tower Intl	951	TOWR	$ 30.80	+58	+29	+1
Dean Foods	384	DF	$ 1.45	+58	-62	-87
Diebold Nixdorf	554	DBD	$ 13.91	+52	+459	-15
Quad/Graphics	595	QUAD	$ 11.31	+43	-8	-50
GNC	839	GNC	$ 2.08	+39	-12	-44

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

Table 2 Summary: The range was +459% to -99%. 777 out of 994 stocks were up 0% or more. The average was a gain of 19.92%, the median was a gain of 17.19%. The DJIA was +15.16%, NASDAQ +23.21%, SPX +18.89%.

Company	PBR Rank	Symbol	Price 07/31/19	Mo % Chg	YTD % Chg	19 Mos % Chg
Diebold Nixdorf	554	DBD	$ 13.91	+52	+459	-15
Snap	990	SNAP	$ 16.80	+17	+205	+15
Avon Products	492	AVP	$ 4.25	+10	+180	+98
SunPower	936	SPWR	$ 11.69	+9	+135	+39
FannieMae	21	FNMA	$ 2.28	-16	+115	-14

Table 3(S13): The PBR1000 Top 5 19 Months Stock Price % Gainers

Table 3 Summary: The range was +196% to -99%. 482 out of 993 stocks were up 0% or more. The average was a gain of 7.12%(PBR399). The median was a loss of 1.59%(PBR496). The DJIA was +8.68%, NASDAQ +18.43%, SPX +11.47%.

Company	PBR Rank	Symbol	Price 07/31/19	Mo % Chg	YTD % Chg	19 Mos % Chg
AMD	444	AMD	$ 30.45	+0	+65	+196
Chipotle	536	CMG	$ 795.53	+9	+84	+175
Rent-A-Center	794	RCII	$ 27.03	+2	+67	+144
FTI Consulting	884	FCN	$ 104.45	+25	+57	+143
Square	691	SQ	$ 80.41	+11	+43	+132

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

Table 4 Summary: The range was $1,075 billion to $0.00 billion. The average is $28.524 billion(PBR214), median is $8.09 billion(PBR500), out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 07/31/19	Mo % Chg	YTD % Chg	19 Mos % Chg
Microsoft	25	MSFT	$ 1,075 B	+5	+40	+63
Apple	3	AAPL	$ 961 B	+5	+30	+10
Amazon	5	AMZN	$ 939 B	+0	+30	+69
Alphabet	15	GOOG	$ 851 B	+14	+18	+17
Facebook	56	FB	$ 562 B	+4	+47	+10
The PBR1000			$ 28,524 B	+3	+21	+10

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

Company	Price 07/31/19	Mo % Chg	YTD % Chg	19 Mos % Chg
The PBR1000	92,663.51	+0.8	+20.0	+7.2
DJIA	26,864.27	+1.0	+15.2	+8.7
NASDAQ	8,175.42	+2.1	+23.2	+18.4
S&P500	2,980.38	+1.3	+18.9	+11.5
GOLD	1,437.80	+1.8	+11.9	+10.2
SILVER	16.41	+6.8	+5.4	-3.4
OIL	58.58	+0.7	+27.9	-2.5

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 June 2019 Stocks & Commodities Snapshots

July 5, 2019 by admin

June 2019 The PBR1000: The Stock Market Bull Takes the First Half of 2019

The Stock Market Bull took a vacation in May but came back strong in June to convincingly win the 1st half of 2019. How will he do in the 2nd half?

By Larry C. Paxton

The June 2019 and Week 26 News Summary:The first half of 2019 ends with the primary news focused around international trade, including the ongoing US/China negotiations, issues with the USMCA to replace NAFTA, which the Mexican government approved and the Canadians are expected to approve, the UK Brexit concerns which is resulting in a new prime minister to be elected, and new Iran sanctions as the result of its shooting down a US drone. The US economy continues to grow at a moderate pace with some signs of more slowing because of the threat of tariffs on China and possibly other countries. The FOMC kept short term federal interest rates at 2.25-2.50% and seems leaning towards a possible cut at the next meeting to boost the economy. For Week 26 the drama has been the anticipation of President Trump’s participation at the G-20 summit in Japan, especially his planned meeting with China’s Chairman Xi, more sanctions on Iran and sword rattling on both sides, Federal Reserve Chairman Powell’s comments on the US economy and possible direction of Fed policy, and the start of the 2020 presidential election with the 2 nights of debates of the 20 Democrat candidates that qualified. For Week 26 The Stock Market Bear enjoyed the turmoil and just nicked a full 3-0 victory. However, June 2019 was the best stock market result in June over the past 80 years, with ending levels at about the same as for the end of April 2019, before the May 2019 meltdown, so The Stock Market Bullwins the month with a convincing 3-0 result.

The Week 26 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Month 6 YTD tally is:
The Stock Market Bull: 5 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

The June 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

Number of Gain(+)/Loss(-) Days: DJIA 13+/7-; NASDAQ 13+/7-; SPX 12+/8-.

Record Days: DJIA 0, NASDAQ 0, SPX 1(06/20/19)

Longest Gain Streak(Consecutive Days): DJIA 6 days(06/03-10/19), NASDAQ and SPX 5 days(06/04-10/19)

Longest Loss Streak(Consecutive Days): DJIA 3 days(06/18-20/19), NASDAQ and SPX 3 days(06/21-25/19)

Big Swing Up Days(>1.00%): 4 days (06/04/19(D +2.06%, N +2.65%, S +2.14%), 06/07/19(D +1.02%, N +1.66%, S +1.05%), 06/10/19(N +1.05%), 06/18/19(D +1.35%, N +1.39%))

Big Swing Down Days(<-1.00%): 2 days (06/03/19(N -1.61%), 06/25/19(N -1.51%))

The PBR1000 June 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 June 2019 Snapshots. The price for stocks is for the close of trading on June 28, 2019, Month % Chg is compared to May 31, 2019, YTD % Chg is compared to December 31, 2018, and the 18 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the June 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

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

Table 1 Summary: The range was +60% to -52%. 869 out of 999 stocks were up 0% or more. The average was a gain of 7.03%(PBR493), the median was a gain of 6.87%(PBR500). The DJIA was +7.19%, NASDAQ +7.42%, SPX +6.89%.

Company	PBR Rank	Symbol	Price 06/28/19	Mo % Chg	YTD % Chg	18 Mos % Chg
McDermott Intl	433	MDR	$ 9.66	+60	+48	-51
Barnes & Noble	659	BKS	$ 6.69	+52	-6	-0
SunPower	937	SPWR	$ 10.69	+43	+115	+27
Tronox	921	TROX	$ 12.78	+38	+64	-38
AK Steel	425	AKS	$ 2.37	+38	+5	-58

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

Table 2 Summary: The range was +268% to -96%. 792 out of 996 stocks were up 0% or more. The average was a gain of 18.85%, the median was a gain of 16.48%. The DJIA was +14.03%, NASDAQ +20.66%, SPX +17.35%.

Company	PBR Rank	Symbol	Price 06/28/19	Mo % Chg	YTD % Chg	18 Mos % Chg
Diebold Nixdorf	554	DBD	$ 9.16	+8	+268	-44
Avon Products	492	AVP	$ 3.88	+3	+155	+80
FannieMae	21	FNMA	$ 2.70	-11	+155	+2
FreddieMac	39	FMCC	$ 2.60	-11	+148	+3
SunPower	937	SPWR	$ 10.69	+43	+115	+27

Table 3(S13): The PBR1000 Top 5 18 Months Stock Price % Gainers

Table 3 Summary: The range was +195% to -99%. 484 out of 995 stocks were up 0% or more. The average was a gain of 6.18%(PBR394). The median was a loss of 1.15%(PBR497). The DJIA was +7.61%, NASDAQ +15.98%, SPX +10.03%.

Company	PBR Rank	Symbol	Price 06/28/19	Mo % Chg	YTD % Chg	18 Mos % Chg
AMD	444	AMD	$ 30.37	+11	+65	+195
Chipotle	536	CMG	$ 732.88	+11	+70	+154
Rent-A-Center	796	RCII	$ 26.63	+12	+64	+140
SeaWorld	973	SEAS	$ 31.00	-3	+40	+128
Deckers Outdoor	886	DECK	$ 175.97	+16	+38	+119

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

Table 4 Summary: The range was $1,028 billion to $0.00 billion. The average is $27.619 billion(PBR216), median is $7.84 billion(PBR500), out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 06/28/19	Mo % Chg	YTD % Chg	18 Mos % Chg
Microsoft	25	MSFT	$ 1,028 B	+7	+33	+56
Amazon	5	AMZN	$ 938 B	+5	+30	+69
Apple	3	AAPL	$ 919 B	+12	+24	+5
Alphabet	15	GOOG	$ 747 B	-4	+4	+2
Facebook	55	FB	$ 541 B	+4	+41	+6
The PBR1000			$ 27,619 B	+5	+17	+7

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

Company	Price 06/28/19	Mo % Chg	YTD % Chg	18 Mos % Chg
The PBR1000	91,891.87	+7.0	+18.9	+6.2
DJIA	26,599.96	+7.2	+14.0	+7.6
NASDAQ	8,006.24	+7.4	+20.7	+16.0
S&P500	2,941.76	+6.9	+17.4	+10.0
GOLD	1,412.50	+7.7	+10.0	+8.2
SILVER	15.36	+5.4	-1.3	-9.6
OIL	58.20	+8.8	+27.1	-3.2

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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 June 2019 Breaking News Recap

July 2, 2019 by admin

International Trade Issues Continue To Dominate The PBR1000 News

There are a lot of puzzle pieces to put together for a good strategy in today’s business environment. Don’t lose any of the pieces!

By Larry C. Paxton

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

***Friday, June 28:

The PBRMarketTools US Stock Exchanges Recap for the End of June and Week 26 of 2019 ending 06/28/19:

DJIA ends June 2019 and Week 26 at 26,599.96, -0.45% from last Friday, +7.19% MTD, +2.59% QTD, +14.03% YTD, -0.85% from record 26,828.39 set 10/03/18.

NASDAQ ends June 2019 and Week 26 at 8,006.24, -0.32% from last Friday, +7.42% MTD, +3.58% QTD, +20.66% YTD, -1.93% from record 8,164.00 set 05/03/19.

SPX ends June 2019 and Week 26 at 2,941.76, -0.29% from last Friday, +6.89% MTD, +3.79% QTD, +17.35% YTD, -0.42% from record 2,954.18 set 06/20/19.

The June 2019 and Week 26 News Summary:The first half of 2019 ends with the primary news focused around international trade, including the ongoing US/China negotiations, issues with the USMCA to replace NAFTA, which the Mexican government approved and the Canadians are expected to approve, the UK Brexit concerns which is resulting in a new prime minister to be elected, and new Iran sanctions as the result of its shooting down a US drone. The US economy continues to grow at a moderate pace with some signs of more slowing because of the threat of tariffs on China and possibly other countries. The FOMC kept short term federal interest rates at 2.25-2.50% and seems leaning towards a possible cut at the next meeting to boost the economy. For Week 26 the drama has been the anticipation of President Trump’s participation at the G-20 summit in Japan, especially his planned meeting with China’s Premier Xi, more sanctions on Iran and sword rattling on both sides, Federal Reserve Chairman Powell’s comments on the US economy and possible direction of Fed policy, and the start of the 2020 presidential election with the 2 nights of debates of the 20 Democrat candidates that qualified. For Week 26 The Stock Market Bear enjoyed the turmoil and just nicked a full 3-0 victory. However, June 2019 was the best stock market result in June over the past 80 years, with ending levels at about the same as for the end of April 2019, before the May 2019 meltdown, so The Stock Market Bullwins the month with a convincing 3-0 result.

The Week 26 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Month 6 YTD tally is:
The Stock Market Bull: 5 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

Thermo-Fisher Scientific(PBR117) completes its around $1.14 billion cash sale of its 1,200 employees $350 million in annual revenues microscope slides, instruments and consumables provider Anatomical Pathology to PHC Holdings Corporation. $TMO PR link.

Cummins(PBR121) to acquire fuel cell systems provider Hydrogenics Corporation (NASDAQ: HYGS: TSX: HYG) for $15.00/share in cash, other than shares already owned by The Hydrogen Company, representing an enterprise value of approximately $290 million, to close in 3Q19. $CMI PR link.

Cabot Corp(PBR675) completes the $135 million sale of its Specialty Fluids business to a wholly owned Hong Kong subsidiary of Sinomine Resource Group Co. $CBT PR link.

SunCoke Energy(PBR964) completes all stock acquisition of SunCoke Energy Partners(NYSE: SXCP). $SXC PR link.

Bristow Group(PBR966) has entered into an amended and restated restructuring support agreement with certain of the Company’s secured and unsecured noteholders, who have committed, as part of the transaction, to fund a new debtor-in-possession facility. $BRSWQ PR link.

Cedar Fair(PBR977) completes $150 million acquisition from the City of Santa Clara, CA, of 112 acres upon which its California’s Great America amusement park, acquired in 2006, is located. $FUN PR link.

The US Dept of the Treasury says the US 06/26/19 National Debt-Public is at $16.162 trillion, Intragovernmental Holdings $5.864, Total National Debt $22.026 trillion, +0.0% from 05/31/19, +0.2% YTD(6 months), +3.9% since 05/31/18. USTreasury PR link.

The US Dept of Commerce/BEA says the US Preliminary May 2019 Personal Income Annual Rate is at $18.184 trillion, +0.5% from April 2019, +4.1% from May 2018; the May 2019 Effective Tax Rate is 11.85%, April 2019 was 11.82%, May 2018 11.65%. USDOC PR link.

The US Federal Reserve Bank of Chicagosays the US 7th District Preliminary May 2019 Midwest Economy Index is at -0.28, April 2019 was at -0.02, March 2019 +0.21, May 2018 +0.41. ChiFed PR link.

The MNI June 2019 Chicago Business Barometer(<50 = economy declining) is at 49.7, May 2019 was at 54.2, April 2019 52.6, June 2018 64.1. “… the first sub-50 reading since January 2017… In coming months, our survey will provide further evidence as to whether the diminished business confidence is temporary amid tariffs woes or more structural calling for some counter measures…” MNI PR link.

The U of Michigan US Final June 2019 Consumer Sentiment Index is at 98.2, May 2019 was at 100.0, April 2019 97.2, June 2018 98.2. “While more negative trade news will act to decrease consumer spending, the persistent overall strength in consumer confidence is still consistent with growth of real personal consumption expenditures by 2.5% during the next twelve months.” UMich PR link.

The American Automobile Assn says the Average Price for a Gallon of Regular Gas on 06/28/19 is at $2.708, on 05/31/19 it was at $2.825, 04/30/19 $2.882, 06/29/18 $2.853. AAA PR link.

***Thursday, June 27:

Amazon(PBR5) launches its Counter service in the US, a new network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location at no extra cost, starting in over 100 Rite Aid(PBR137) stores, to be in 1,500 Rite Aid locations by the end of 2019. $AMZN PR link.

Capital One(PBR92) to purchase up to $2.2 billion of common stock through 2Q20. $COF PR link.

Devon Energy(PBR286) completes its $2.8 billion sale of its Canadian business to Canadian Natural Resources Limited, expects to divest its Barnett Shale gas assets in north Texas by end of 2019. $DVN PR link.

Wayfair(PBR429 $W) gets protest from some employees regarding its decision to sell beds and other items that will furnish detention centers for migrants at the southern border.MarketWatch PR link.

Brunswick(PBR520) completes $490 million cash sale of its Fitness business to private investment firm KPS Capital Partners, will now focus solely on its marine platform. $BC PR link.

WABCO(PBR630) shareholders approve $136.50/share, $7+billion acquisition by privately held global leader in driveline and chassis technologies ZF Friedrichshafen AG, to close in early 2020. $WBC PR link.

CDK Global(PBR855) plans to divest its Digital Marketing Business, to focus on the building momentum in the core auto software business and to accelerate growth in fiscal 2020. $CDK PR link.

Chico’s FAS(PBR875) Board unanimously rejects revised unsolicited proposal from Sycamore Partners to acquire the Company for $3.00/share in cash, substantially undervalues Chico’s FAS. $CHS PR link.

The US Dept of Commerce/BEA says the US 1Q19 3rd Estimate Gross Domestic Productremains at 3.1%, $21.060 trillion, +0.9% from 4Q18, +5.1% from 1Q18. USDOC PR link.

The US Dept of Labor says the US Initial Unemployment Claims 4 Week Moving Average for Week Ending 06/22/19 was at 221,250, +2.1% from 05/25/19, -0.3% from 06/23/19; Total Insured Unemployment 4 Week Moving Average for Week Ending 06/15/19 was at 1,686,750, +0.9% from 05/18/19, -1.9% from 06/16/19; Insured Unemployment Rate remains at 1.2%. USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Mortgage Rate on 06/27/19 was at 3.73% with 0.5 points/fees, 05/30/19 was at 3.99%, 04/25/19 4.20%, 06/28/18 4.55%. $FMCC PR link.

***Wednesday, June 26:

Danaher(PBR155) to spinoff 3 Dental segment business units to form separate 12,000 employees independent public company Envista, to be completed in 2H19. $DHR PR link.

Occidental(PBR159) gets SEC filing by Icahn Enterprises(PBR288) requesting replacement of 4 Board members, amendment to Charter and Bylaws to give shareholders the right to vote on the $38 billion acquisition of Anadarko(PBR233). $OXY PR link.

Kaman Corp(PBR912) to sell its 2,200 employees $1.1 billion in revenues in 2018 Distribution segment to affiliates of Littlejohn & Co for $700 million cash, to close 3Q19. $KAMN PR link.

Newell Brands(PBR343) EVP/CFO Christopher Peterson to also be Interim CEO, effective 06/28/19, to succeed President/CEO Michael Polk who is retiring as planned on 06/30/19, search for external hire as permanent CEO continues. $NWL PR link.

The US Dept of Commerce/BEA says the US Preliminary 1Q19 International Position-Assets is at $27.138 trillion, Liabilities $37.067 trillion, for a Deficit of $9.929 trillion, +3.9% from 4Q18, +26.8% from 1Q18. USDOC PR link.

The US Energy Information Administrationsays that the US Crude Oil Stocks on 06/21/19were at 469.6 Million Barrels of Oil, -1.5% from 05/24/19, +12.7% from 06/22/18. EIA PR link.

***Tuesday, June 25:

Amazon(PBR5) schedules Amazon Prime Day 2019 for July 15 and 16, will feature more than one million deals globally. $AMZN PR link.

GE(PBR19) and the Coordinated Bargaining Committee (CBC) of GE unions, representing 11 unions with around 6,600 members, concluded negotiations with a new proposed four-year collective bargaining agreement by the Company, to be ratified on 07/03/19. $GE PR link.

FedEx(PBR46) files suit in US District Court seeking to enjoin the US Dept of Commerce from enforcing prohibitions contained in the Export Administration Regulations (“EAR”)against FedEx which believes that the EAR violate common carriers’ rights to due process under the Fifth Amendment of the US Constitution as they unreasonably hold common carriers strictly liable for shipments that may violate the EAR without requiring evidence that the carriers had knowledge of any violations. $FDX PR link.

AbbVie(PBR91) to acquire Dublin, Ireland-based developer, manufacturer and commercializer of branded pharmaceutical, device, biologic, surgical and regenerative medicine products Allergan(PBR194) for $188.24/share cash/stock, a 45% premium from the 06/24/19 closing price, equity value of around $63 billion, to close by early 2020. $ABBV PR link.

Chipotle(PBR536) launches new crew bonus program that gives hourly employees the opportunity to earn up to an extra month’s pay each year. $CMG PR link.

Crane(PBR688) says CIRCOR International(NYSE: CIR) revised business plan claims are highly unrealistic and illustrates why Crane’s superior, all-cash offer of $45 per share represents the best option for CIRCOR shareholders. $CR PR link.

The US Dept of Commerce/HUD says the US Preliminary May 2019 New Family Home Sales Annual Rate is at 629,000 units, -7.4% from April 2019, -3.2% from May 2018; May 2019 Median Home Price is at $308,000, -8.1% from April 2019, -2.7% from May 2018; May 2019 New Homes Available is at 333,000, +0.3% from April 2019, +10.3% from May 2018. USDOC PR link.

The US Federal Reserve Bank of Richmond says the US 5th District June 2019 Manufacturing Index is at +3%, May 2019 was at +5%, April 2019 +3%, June 2018 +21%. “Most firms reported some improvement in local business conditions, and they were optimistic that they would see growth in the next six months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the US 5th District June 2019 Service Sector Revenue Index is at +17%, May 2019 was at +1%, April 2019 +26%, June 2018 +19%. “Respondents were optimistic that growth would continue in the coming months.” RichmondFed PR link.

The S&P CoreLogic Case-Shiller Preliminary April 2019 National Home Price Index(01/2000=100) is at 207.97, March 2019 was at 206.06, February 2019 204.75, April 2018 200.85. Case-Shiller PR link.

The Conference Board says the US Preliminary June 2019 Consumer Confidence Index(1985=100) is at 121.5, May 2019 was at 131.3, April 2019 129.2, June 2018 127.1. “The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence. Although the Index remains at a high level, continued uncertainty could result in further volatility in the Index and, at some point, could even begin to diminish consumers’ confidence in the expansion.” TCB PR link.

***Monday, June 24:

Bristol-Myers Squibb(PBR131) planning the divestiture of OTEZLA® (apremilast) per concerns by the US Federal Trade Commission, to close $74 billion acquisition of global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases Celgene(PBR220) by early 1Q20. $BMY PR link.

Wellcare Health Plans(PBR151) $305.39/share cash & stock, $17.3 billion acquisition by Centene(PBR50) approved by shareholders of both organizations, on track to close 1H20. $WCG PR link.

Allergan(PBR194) gets US FDA clearance for its magnetic muscle stimulation technology CoolTone device for improvement of abdominal tone, strengthening of the abdominal muscles, and development for firmer abdomen, also for strengthening, toning and firming of buttocks and thighs. $AGN PR link.

Reinsurance Group of America(PBR256)completes $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation (NYSE: HMN). $RGA PR link.

Caesars Entertainment(PBR356) to be acquired by Eldorado Resorts(NASDAQ: ERI)for $12.75/share, for $17.3 billion cash/stock, includes assumption of Caesars outstanding net debt, will create the largest US gaming company, will retain the Caesars name, to close in 1H20. $CZR PR link.

Insight(PBR413) to acquire IT products and services ptovider PCM(NASDAQ: PCMI) for $35/share, a 36% premium to its 1-month average as of 06/21/19, enterprise value of $581 million, includes cash and debt. $NSIT PR link.

Crane(PBR688 $CR) cash tender offer to acquire CIRCOR International(NYSE: CIR) for $45/share, a 47% premium over the market close on 05/20/19, is unanimously rejected by CIRCOR Board, says undervalues company and is low-value, highly conditional and opportunistic and not in the best interests of CIRCOR shareholders. Circor PR link.

Axalta(PBR546) Chairman Charlie Shaver resigns after 6 years, effective 06/30/19, current Independent Presiding Director Mark Garrett appointed Chairman. $AXTA PR link.

The US Federal Reserve Bank of Chicagosays the US Preliminary May 2019 National Activity Index is at -0.05, April 2019 was at -0.48, March 2019 +0.02, May 2018 -0.41. ChiFed PR link.

***Friday, June 21:

The PBRMarketTools US Stock Exchanges Recap for Week 25 of 2019 ending 06/21/19:

DJIA ends Week 25 at 26,719.13, +2.41% from last Friday, +7.67% MTD, +3.05% QTD, +14.54% YTD, -0.41% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 25 at 8,031.71, +3.01% from last Friday, +7.76% MTD, +3.91% QTD, +21.05% YTD, -1.62% from record 8,164.00 set 05/03/19.

SPX ends Week 25 at 2,950.46, +2.20% from last Friday, +7.21% MTD, +4.09% QTD, +17.70% YTD, -0.13% from record 2,954.18 set 06/20/19.

The Week 25 News Summary: The biggest economic news of the week was the Federal Open Market Committee keeping short term federal funds interest rates at 2.25-2.50% and signaling possible rate cuts in the near future. Economic indices were mostly mixed and indicating slower growth. Trade issues also dominated the news as it was announced US President Trump and China’s Chairman Xi will be having extended discussions during the upcoming G-20 summit. Also, Mexico became the first country to approve the new USMCA trade agreement that replaces NAFTA. Canada’s Prime Minister Trudeau made a special trip to the US to talk to US lawmakers to encourage them to do the same. Iran shot down a US drone increasing tensions in the Mideast. The US stock exchanges had another big week, the S&P500 broke its closing record and the DJIA is very close. The Stock Market Bull overwhelmed The Stock Market Bear for the week, easily winning 3-0, but took Friday off. The Stock Market Bear responded with a timid appearance.

The Week 25 YTD tally is:
The Stock Market Bull: 13 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Fred’s(PBR983) to close another 49 stores, following announcements of 263 closures the past 2 months. MarketWatch PR link.

The US Federal Reserve says “the US’s largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession… the most severe hypothetical scenario projects $410 billion in total losses for the 18 participating bank holding companies. This scenario featured a global recession with the U.S. unemployment rate rising by more than 6 percentage points to 10 percent, accompanied by a large decline in real estate prices and elevated stress in corporate loan markets.” USFed PR link.

The Natl Assn of Realtors says US Preliminary May 2019 Existing Home Sales Annual Rate is at 5,340,000, +2.5% from April 2019, -1.1% from May 2018; May 2019 Median Home Sale Price is $277,700, +3.9% from April 2019, +4.8% from May 2018; May 2019 Median Days On Market was 26, April 2019 was 24, May 2018 was 26. NAR PR link.

***Thursday, June 20:

Walmart(PBR1 $WMT) agrees to pay more than $144 million to US Security and Exchange Commission and approximately $138 million to the US Dept of Justice for a combined total of more than $282 million for violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient anti-corruption compliance program for more than a decade. SEC PR link.

Amazon(PBR5) unveils its Off-to-College store, students can browse a wide range of essentials with low prices for their dorm, classes and extracurricular activities in one place. $AMZN PR link.

CVS Health(PBR8 $CVS) files lawsuit against Amazon(PBR5) claiming it is seeking to disrupt the pharmacy industry with its newly acquired subsidiary PillPack. Barron’s PR link.

Alphabet(PBR15)’s Waymo unit enters into an exclusive partnership with Renault and Nissanon behalf of The Alliance to explore driverless mobility services for passengers and deliveries in France and Japan. $GOOG PR link.

AECOM(PBR153 $ACM) 4.0% stakeholder activist investor Starboard Value sends letter saying Management Services spinoff is potentially a positive development, is just one piece of a broader set of opportunities to unlock significant value, believes AECOM is deeply undervalued, provides some ideas. Starboard Value PR link.

Chipotle(PBR536) providing catering, includes three different build you own options. $CMG PR link.

Quad/Graphics(PBR596 $QUAD) $1.4 billion all shares acquisition of print and digital media solutions provider LSC Communications(PBR631) receives lawsuit to block the deal by the US Dept of Justice, says necessary to preserve competition in the markets for magazine, catalog, and book printing services in the US. DOJ PR link.

Quad/Graphics(PBR596) intends to vigorously defend its proposed $1.4 billion all shares acquisition of LSC Communications(PBR631)in response to the US Dept of Justice lawsuit seeking to block the acquisition. $QUAD PR link.

Sprouts(PBR515) hires Jack Sinclair as CEO, effective 06/24/19; Brad Lukow, CFO and interim co-CEO, has resigned to pursue other opportunities. $SFM PR link.

The US Dept of Commerce/BEA says US Preliminary 1Q19 Exports of Goods and Services was at $945.9 billion, Imports were at $1.076 trillion, for a Deficit of $130.4 billion, -9.4% from 4Q18, +14.4 from 1Q18. USDOC PR link.

The US Federal Reserve Bank of Philadelphiasays the 3rd District June 2019 Manufacturing General Activity Indicator is at +0.3, May 2019 was at +16.6, April 2019 +8.5, June 2018 +20.8. “Most of the survey’s future activity indexes improved but continue to reflect muted optimism for the remainder of the year.” PhillyFed PR link.

The Conference Board says the US Preliminary May 2019 Leading Economic Index(2016=100) is at 111.8, April 2019 was at 111.8, March 2019 111.7, May 2018 109.4. “… the LEI clearly points to a moderation in growth towards 2 percent by year end.” TCB PR link.

***Wednesday, June 19:

UnitedHealth(PBR6 $UNH) agrees to US Federal Trade Commission approval for $4.3 billion acquisition of DaVitaHealth(PBR302 $DVA)’s DaVita Medical Group contingent upon divesting DaVita Medical Group’s healthcare provider organization in the Las Vegas Area (known as HealthCare Partners of Nevada) to Utah-based healthcare provider and insurer Intermountain Healthcare. FTC PR link.

Alphabet(PBR15) rejects shareholder plan to break up company and other proposals during annual shareholders meeting. $GOOG PR link.

Mondelez(PBR108) to acquire a majority interest in San Diego, CA-based pioneer in the fast-growing refrigerated nutrition bars segment Perfect Snacks®, had $70 million in revenues in 2018, terms not disclosed. $MDLZ PR link.

Gilead Sciences(PB132) to make upfront payment of $45 million and up to $2.3 billion in total additional payments based milestone achievements to Nurix Therapeutics in strategic partnership to discover, develop and commercialize a pipeline of innovative targeted protein degradation drugs for patients with cancer and other challenging diseases. $GILD PR link.

PG&E(PBR176) reaches agreements to resolve the wildfire claims held by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire, will pay $1 billion as part of a Chapter 11 Plan of Reorganization. $PCG PR link.

ON Semiconductor(PBR476) completes $24.50/share, $1.07 billion all cash acquisition of high performance Wi-Fi solutions developer Quantenna Communications(NASDAQ: QTNA). $ON PR link.

Harley-Davidson(PBR483) to expand access into Asia through a collaboration with Qianjiang Motorcycle Co, to launch a smaller, more accessible Harley-Davidson motorcycle for sale in Harley-Davidson dealerships in China by the end of 2020. $HOG PR link.

Peabody Energy(PBR490) to own 66.5% Arch Coal(PBR826 $ARCH) 33.5% in joint venture to combine the companies’ Powder River Basin and Colorado assets, expected to unlock synergies with a pre-tax net present value of approximately $820 million. $BTU PR link.

Mattel(PBR562 $MAT) ‘…cannot be salvaged’ according to MGA Entertainment CEO, is abandoning pursuit of a merger deal.MarketWatch PR link.

Tempur Sealy(PBR787) to add around 700 US positions to meet growing demand for its Tempur-Pedic, Stearns & Foster and Sealy mattresses and bedding products. $TPX PR link.

Chico’s FAS(PBR875) receives a revised unsolicited proposal from Sycamore Partners to acquire the Company for $3.00/share in cash, will review, rejected previous higher offer of $3.50/share. $CHS PR link.

Pier 1 Imports(PBR954) shareholders approve a 1:20 reverse stock split, to be effective at start of trading 06/20/19. $PIR PR link.

The Federal Open Market Committee releases statement from 06/18-19/19 meeting, says “the labor market remains strong and that economic activity is rising at a moderate rate … decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent… continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook have increased.” FOMC PR link.

***Tuesday, June 18:

Walmart(PBR1) offering online upgrades for Apple and Samsung devices using AT&T wireless services, will be expanding wireless providers, expanding wireless experts in 600 more stores by the holidays, will then be in over 3,000 Walmart stores. $WMT PR link.

Alphabet(PBR15)’s Google unit announces an additional $1 billion investment for 20,000 houses for middle/low income families across the San Francisco Bay Area, includes repurposing Google land and providing incentives for housing developers, 10 year project. $GOOG PR link.

Boeing(PBR28) gets letter of intent at Paris Air Show from International Airlines Group to buy 200 737 MAX aircraft, $24+ billion deal, per list prices. $BA PR link.

Facebook(PBR55) to launch in 2020 its global cryptocurrency, called Libra, through its newly formed Calibra subsidiary, will include a digital wallet and use blockchain technology. $FB PR link.

Cognizant(PBR188) to acquire Cork, Ireland based privately held life sciences manufacturing technology services company with 800+ employees in 16 global locations Zenith Technologies, terms not disclosed. $CTSH PR link.

Kellogg(PBR230) announces reorganization plan which primarily impacts the North America segment in anticipation of the divestiture of selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cones businesses to Ferrero International SA by the end of 07/19, will take a $35 million pre-tax charge. $K PR link.

NVIDIA(PBR257) selected by Sweden based Volvo Group for using the NVIDIA DRIVE end-to-end autonomous driving platform to train, test and deploy self-driving AI vehicles, targeting public transport, freight transport, refuse and recycling collection, construction, mining, forestry and more. $NVDA PR link.

The Mosaic Co(PBR316) to close Plant Cityphosphates manufacturing facility in Hillsborough County, FL, not cost effective, has been idled since late 2017, will recognize a non-cash charge of up to $390 million in 2Q19. $MOS PR link.

News Corp(PBR332) is actively evaluating strategic options for its News America Marketing business, including a possible sale, has comprehensive in store marketing media options in over 60,000 stores in the US and Canada, and reaches households across the country with circulation of more than 60 million through nearly 2,000 publications. $NWS PR link.

Fifth Third Bancorp(PBR374) announces dividend payments, authorizes new up to 100 million shares for repurchase program, had 22 million left from previous authorization. $FITB PR link.

Lamb Weston(PBR675) opens $250 million 300,000 sf frozen french fries manufacturing expansion in Hermiston, OR, adds 150 jobs, will make nearly 750 million pounds of frozen french fries annually. $LW PR link.

Tempur Sealy(PBR787) signs new long-term supply agreements with Mattress Firm and Big Lots in the US and Beter Bed Holding in Europe, anticipates $400 million in additional annual revenues once implemented. $TPX PR link.

GoPro(PBR994) enhances $4.99/mo PLUS subscription service, includes damaged camera replacement, unlimited cloud storage, 50% off mounts and accessories, VIP support. $GPRO PR link.

The US Dept of Labor says the US 1Q19 Average Wages/Salaries Per Hour-All Workers was at $25.22, Benefits Per Hourwere at $11.55, for a Total Average Hourly Compensation of $36.77, +1.2% from 4Q18, +1.2% from 1Q18. USDOL PR link.

The US Dept of Commerce says the US Preliminary May 2019 New Residential Construction Permits Issued Annual Rate is at 1,294,000, +0.3% from April 2019, -0.5% from May 2018. USDOC PR link.

***Monday, June 17:

AT&T(PBR9) is the winning bidder at $980 million for spectrum licenses covering more than 98% of the U.S. population following the close of FCC Auction 102, will bolster its mobile 5G strategy. $T PR link.

Pfizer(PBR59) to acquire commercial stage biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule medicines to treat cancer and other diseases Array BioPharma(NASDAQ: ARRY) for $48/share in cash, for a total enterprise value of around $11.4 billion, to close 2H19. $PFE PR link.

AECOM(PBR153) to spinoff its 25,000 employees with $3.7 billion in revenues in fiscal year 2018 Management Services segment into a public standalone government services company, to be completed in 2H20 fiscal year. $ACM PR link.

Williams Cos(PBR337) completes formation of $3.8 billion venture partnership with the Canada Pension Plan Investment Board, receives approximately $1.33 billion in exchange for a 35% interest in a combined Utica East Ohio Midstream-Ohio Valley Midstream joint venture. $WMB PR link.

Campbell Soup(PBR338) completes $510 million sale of its producer of organic beverages, dressings and carrots Bolthouse Farms to a Butterfly Equity affiliate, a Los Angeles-based private equity firm specializing in the food sector. $CPB PR link.

Domino’s Pizza(PBR672) and robotics company Nuro are partnering on autonomous pizza delivery using the custom unmanned vehicle known as the R2 later this year for select Houston, TX, Domino’s customers who place orders online. $DPZ PR link.

Crane(PBR687) commences cash tender offer to acquire CIRCOR International(NYSE: CIR)for $45/share, a 47% premium over the market close on 05/20/19, to expire at 5:00PM New York City time, on 07/16/19. $CR PR link.

Varian Medical(PBR747) completes $283 million acquisition of privately held $43.5 million in revenues in FY19 university-level, comprehensive treatment for cancer patients provider Cancer Treatment Services International. $VAR PR link.

Middleby(PBR780) acquires Santa Ana, CA-based Ss Brewtech, a professional craft brewing and beverage equipment provider, founded in 2013, has $20 million in annual revenues, will operate as an autonomous business unit, terms not disclosed. $MIDD PR link.

Meredith Corp(PBR860) facilitates a closed sale of Sports illustrated by agreeing to operate the SI media assets for a transition period for up to two years under a licensing agreement with ABG. $MDP PR link.

The Federal Reserve Bank of New York says the Empire State June 2019 Manufacturing General Business Conditions Index is at -8.6, May 2019 was at +17.8, April +10.2, June 2018 +24.4. “Indexes assessing the six-month outlook indicated that firms were less optimistic about future conditions than they were last month.” NYFed PR link.

The Natl Assn of Home Builders Preliminary June 2019 Housing Market Composite Indexis at 64, May 2019 was at 66, April 2019 63, June 2018 68. Headline: “Builder Confidence Solid in June Amidst Growing Economic Uncertainty” NAHB PR link.

Boeing(PBR28) outlook values the aerospace and defense market at $8.7 trillion over the next decade, up from $8.1 trillion a year ago. $BA PR link.

***Friday, June 14:

The PBRMarketTools US Stock Exchanges Recap for Week 24 of 2019 ending 06/14/19:

DJIA ends Week 24 at 26,089.61, +0.41% from last Friday, +5.14% MTD, +0.62% QTD, +11.84% YTD, -2.75% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 24 at 7,796.66, +0.70% from last Friday, +4.61% MTD, +0.87% QTD, +17.50% YTD, -4.50% from record 8,164.00 set 05/03/19.

SPX ends Week 24 at 2,886.98, +0.47% from last Friday, +4.90% MTD, +1.86% QTD, +15.16% YTD, -2.00% from record 2,945.83 set 04/30/19.

The Week 24 News Summary: With the Mexican government taking on more responsibilities for Central America immigrants the threatened US tariffs on Mexican goodsdid not materialize, but there continues to be tension between the US and China as trade talks seemed to have stalled. Oil pricesfluctuated after attacks on 2 oil tankers, allegedly by Iran. The US economy continues to show strength from the latest jobs, producer price index, wages, consumer price index, import/export prices, industrial production, and manufacturers sales & inventories reports, but there was a wider gap than usual between federal government receipts and outlays. The technology sector had a good week. The Stock Market Bull continues to recover from the significant May losses with his 2nd week in a row 3-0 victory over The Stock Market Bear, who was also very active and actually took 3 of the 5 trading days.

The Week 24 YTD tally is:
The Stock Market Bull: 12 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Abercrombie & Fitch(PBR656) authorizes new share repurchase program of up to 5 million Class A Common shares, now has about 7.6 million shares available, or over 10% of its total shares outstanding. $ANF PR link.

Synopsys(PBR715) replenishes its existing stock repurchase authorization to $500 million. $SNPS PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Manufacturers Sales were at $504.1 billion, Retail Sales$454.8 billion, Wholesalers Sales $503.1 billion, Total Sales $1.462 trillion, -0.2% from March 2019, +2.3% from April 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance May 2019 Retail Sales-Retail is at $457.2 billion, Food Services & Drinking Places $61.8 billion, Total Retail Sales $519.0 billion, +0.5% from April 2019, +3.2% from May 2018. USDOC PR link.

The US Federal Reserve says the US Preliminary May 2019 Manufacturing Total Industry % of Capacity is at 78.1%, April 2019 was at 77.9%, March 2019 78.4%, May 2018 77.5%. USFed PR link.

The U of Michigan US Preliminary June 2019 Consumer Sentiment Index is at 97.9, May 2019 was at 100.0, April 2019 97.2, June 2018 98.2. UMichigan PR link.

***Thursday, June 13:

ExxonMobil(PBR2) and Saudi Arabia based 50/50 partner SABIC to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker, the largest in the world, in San Patricio County, TX, construction to start in 3Q19, in production by 2022. $XOM PR link.

Tyson(PBR74) introduces its first plant-based and blended products, along with its new Raised & Rooted® brand. $TSN PR link.

Twitter(PBR729) removes nearly 4,800 accounts with Iran government connections. $TWTR PR link.

Verso Corp(PBR790) adopts a limited duration stockholder rights plan as it continues to seek a new CEO and review strategic alternatives. $VRS PR link.

KKR(PBR833) to sell its global copper foils and flexible copper clad laminates predominantly used in li-ion batteries for electric vehicle applications producer KCF Technologies unit to SK Group affiliate for $1 billion. $KKR PR link.

Cedar Fair(PBR976) to acquire Schlitterbahn Waterparks and Resorts in New Braunfels, TX, and Galveston, TX, for $261 million, along with the right to acquire an additional 40 acre property in Kansas City, KS, for $6 million cash for future development. $FUN PR link.

Red Robin(PBR978) gets letter from activist investor Vintage Capital critical of current directions and decisions, offers to buy RRGB for $40/share, recommends replacing current Board. $RRGB PR link.

Red Robin(PBR978) says it is surprised by comments on filing by activist shareholder Vintage Capital because of discussions they had had and did not recommend any CEO candidates, reviews its current status regarding a CEO search and corporate directions. $RRGB PR link.

Regis Corp(PBR986) announces the profitable sale and transfer of 96 of its California-based Supercuts® salons to the Moxie Management Group, a portfolio company of a Spanos Barber Jesse & Co managed fund. $RGS PR link.

The US Dept of Labor says the US Preliminary May 2019 All Import Prices Index is at -0.3%, Exports -0.1%; the May 2019 Year-to-Year Import Prices Index is at -1.5%, Exports -0.7%. USDOL PR link.

***Wednesday, June 12:

Ford(PBR12) announces a field service action to correct a suspension issue in certain model year 2011 through 2017 Explorer vehicles, expects to take $180 million charge from its N America business unit in 2Q19. $F PR link.

Facebook(PBR55 $FB) opens engineering center in London dedicated to eliminating harmful content, will add more than 500 tech jobs before the end of the year. MarketWatch PR link.

Jacobs Engineering(PBR204) completes $11.25 per share in cash, with enterprise value, net of tax assets, of approximately $815 million, including an estimated $272 million of net debt, national security provider of advanced engineering and technology solutions for the Intelligence, Cyber and Counterterrorism communities KeyW. $JEC PR link.

BB&T(PBR239) and SunTrust Banks(PBR287)$66 billion merger stock deal to close by end of 4Q19, new name with be Truist. $BBT PR link.

Groupon(PBR798) announces a US distribution partnership with GasBuddy for consumers to earn GasBack rewards for Groupon purchases. $GRPN PR link.

KKR(PBR833) to launch voluntary public tender offer for Germany based media and technology company active in more than 40 countries Axel Springer SE for around $70.55/share, a 40% premium, around $7.6 billion. $KKR PR link.

KKR(PBR833) doubles its investment with additional $250 million commitment to investor of small balance real estate loans throughout the US and the UK, including single-family rental loans and commercial and residential bridge loans, Toorak Capital Partners, which recently completed more than $2.5 billion in investments across more than 8,000 loans in 45 states and the U.K., more than doubling the company’s $1 billion milestone of total loans purchased at this time last year. $KKR PR link.

The US Dept of Treasury says that the US May 2019 Federal Government Receipts were $232.1 billion, Outlays $439.8 billion, for a May 2019 Deficit of $207.8 billion, the May 2018 Deficit was $146.8 billion; The May 2019 YTD Federal Government Receipts(8 Months) is at $2.275 trillion, YTD Outlays $3.014 trillion, for a YTD Deficit of $738.6 billion, the May 2018 YTD Deficit was at $532.2 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary May 2019 Consumer Price Index-All Items is at +0.1%, April 2019 was at +0.3%, March 2019 +0.4%, May 2018 +0.2%, Last 12 Months +1.8%. USDOL PR link.

The US Dept of Labor says the US Preliminary May 2019 Current Average Earnings/Hour is at $27.83, Average Hours Worked Per Week is at 34.4, Total Average Weekly Earnings are at $957.35, +0.2% from April 2019, +2.8% from May 2018. USDOL PR link.

***Tuesday, June 11:

Amazon(PBR5 $AMZN) to shut down its Amazon Restaurants food delivery service in the 20 US cities it serves on 06/24/19, will also shut down its Daily Dish, a workplace lunch delivery service that launched in 2016, on 06/14/19. GeekWire PR link.

Facebook(PBR55) introduces Study from Facebook, an app for market research, will compensate users. $FB PR link.

Facebook(PBR55 $FB) is building a giant solar farm in Texas for its first direct investment in renewable energy, $416 million project.MarketWatch PR link.

3M(PBR90) to take $160 million pre-tax 2Q19 charge for deconsolidation of its Venezuelan subsidiary, which was effective 05/31/19. $MMM PR link.

Tesla(PBR140) CEO Elon Musk at annual shareholder meeting says the is no demand problem for Tesla vehicles, spoke about the Model Y, Tesla’s next vehicle, the gigafactory under construction in China and a future one in Europe, and promised another Tesla acquisition to ease the company’s entry into insurance.MarketWatch PR link.

VISA(PBR149) announces the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally. $V PR link.

Boston Scientific(PBR310) completes $465 million plus additional milestones achieved payments acquisition of privately-held Superion® Indirect Decompression System developer Vertiflex, anticipates $60 million in revenues in 2019. $BSX PR link.

H&R Block(PBR710) to acquire Toronto, Ontario based 400,000 small businesses globally monthly financial solutions platform provider Wave Financial for $405 million cash, to close in the next few months. $HRB PR link.

Brinker Intl(PBR712) gives DoorDash exclusive agreement to be delivery service for its 1,000+ Chili’s restaurant locations. $EAT PR link.

TEGNA(PBR866) to acquire Indianapolis, IN, NBC television affiliate WTHR, the Columbus, OH, CBS television affiliate WBNS and its sports radio station WBNS, from the Dispatch Broadcast Group, for $535 million in cash, to close 3Q19. $TGNA PR link.

The US Dept of Labor says the US Preliminary May 2019 Producer Price Index Final Demand-Goods was -0.2%, Services +0.3%, Total Final Demand +0.1%, April 2019 was +0.2%, March 2019 +0.6%, May 2018 +0.4%, Last 12 Months +1.8%. USDOL PR link.

CoreLogic says the US March 2019 Housing Loans 30 Days or More Delinquents was at 4.0%, February 2019 was at 4.0%, January 2019 4.0%, March 2018 4.3%, the March 2019 Housing Mortgages in Foreclosure were at 0.4%, March 2018 was at 0.6%. “… the continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.” CoreLogic PR link.

Manpower(PBR135) says US employers are reporting the strongest nationwide hiring intentions in 13 years at +21%, according to the 3Q19 ManpowerGroup Employment Outlook Survey. $MAN PR link.

***Monday, June 10:

Phillips 66(PBR23) and Plains All American Pipeline(PBR87) form 50/50 joint venture Red Oak Pipeline to provide crude oil transportation service from Cushing, OK, and the Permian Basin in West Texas to Corpus Christi, Ingleside, Houston and Beaumont, TX, initial service planned for 1Q21, to cost around $2.5 billion. $PSX PR link.

Target(PBR38) expands family benefits policies for both fulltime and parttime workers, including backup care, new paid family leave, doubling adoption and surragacy reimbursement. $TGT PR link.

Intel(PBR42) to acquire Santa Clara, CA-based Barefoot Networks, provides expertise for cloud network architectures, P4-programmable high-speed data paths, switch silicon development, P4 compilers, driver software, network telemetry and computational networking, to close in 3Q19, terms not disclosed. $INTC PR link.

Merck(PBR70) to acquire privately held therapeutics targeting the latent TGFβ complex for the treatment of cancer, fibrosis and autoimmune diseases biopharmaceutical company Tilos Therapeutics for up to $773 million, includes upfront payment and contingent milestone achievements. $MRK PR link.

Raytheon(PBR105) and United Technologies(PBR45) to combine in merger of equals in all stock transaction, UTX shareholders will own 57% of stock, Raytheon shareholders 43%, will be named Raytheon Technologies, to be headquartered in Boston area, will have pro forma 2019 revenues of $74 billion, to close in 2H20 after UTX completes spinoffs of Carrier and Otis business units. $RTN PR link.

Thermo-Fisher Scientific(PBR118) $925 million acquisition of manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes Gatan, a wholly owned subsidiary of Roper Technologies(PBR530) is terminated by mutual agreement, unable to get UK regulatory approval. $TMO PR link.

Broadcom(PBR146) gets 2 year agreement to provide Apple(PBR3) with specified, radio-frequency front end components and modules for Apple’s smartphones, tablets and watches, and to maintain and allocate to them sufficient manufacturing capacity and other resources to make these products. $AVGO PR link.

Salesforce(PBR236) to acquire self-service analytics platform provider Tableau Software(NYSE: DATA) in a $15.7 billion all-stock deal, to close by 10/31/19. $CRM PR link.

GameStop(PBR310) to launch a “modified Dutch auction” tender offer to purchase up to 12,000,000 shares of its Class A common stock for not greater than $6.00 and not less than $5.20 per share, to start 06/11/19, expires 07/10/19. $GME PR link.

Apollo Global Mgmt(PBR995) to acquire photo personalization provider Shutterfly(NASDAQ: SFLY) for $51.00/share, around $2.7 billion cash, to close by early 4Q19, will combine it with its Snapfish acquisition, which will close at the same time. $APO PR link.

PVH(PBR314) promotes Cheryl Abel-Hodges to CEO of its Calvin Klein unit, succeeds leaving Steve Shiffman. $PVH PR link.

The US Dept of Labor says the US Preliminary April 2019 Job Openings-Private was at 6,726,000, Government 723,000, Total Openings 7,449,000, -0.3% from March 2019, +4.8% from April 2018. USDOL PR link.

***Friday, June 7:

The PBRMarketTools US Stock Exchanges Recap for Week 23 of 2019 ending 06/07/19:

DJIA ends Week 23 at 25,983.94, +4.71% from last Friday/MTD, +0.21% QTD, +11.39% YTD, -3.15% from record 26,828.39 set 10/03/18.

NASDAQ ends Week 23 at 7,742.10, +3.88% from last Friday/MTD, +0.17% QTD, +16.68% YTD, -5.17% from record 8,164.00 set 05/03/19.

SPX ends Week 23 at 2,873.34, +4.41% from last Friday/MTD, +1.37% QTD, +14.62% YTD, -2.46% from record 2,945.83 set 04/30/19.

The Week 23 News Summary: Despite the continuing focus on the inability on the US and China to come up with a trade deal and none currently in sight, the new 5% tariffs increasing monthly to 25% threatened against Mexico for not helping stem the tide of illegal immigration from Central American countries into the US, and a lackluster US jobs report, the stock exchanges recovered significantly from the losses inflicted in May. A big part of that was the strong possibility of the Federal Reserve cutting short term interest rates, continued low unemployment, a moderate growth report indicated by the Beige Book, a rebound by the tech sector, and maybe because US President Trump was in Europe for the week for the commemoration of the 75th Anniversary of D-Day. The Stock Market Bull had an overwhelming 3-0 win, his first outright weekly victory since 04/05/19, his best week of the year. The Stock Market Bear after some action on Monday decided to leave and become part of a circus disappearing act.

The Week 23 YTD tally is:
The Stock Market Bull: 11 weeks
The Stock Market Bear: 6 weeks
Mixed Results: 6 weeks

Walmart(PBR1) to offer Walmart InHome Delivery starting in the Fall 2019, in Kansas City, MO, Pittsburgh, PA, and Vero Beach, FL, includes in home delivery of groceries and placing them in the refrigerator. $WMT PR link.

FedEx(PBR46) makes strategic decision to not renew the FedEx Express US domestic contract with Amazon(PBR5), will focus on serving the broader e-commerce market, does not affect other contracts with Amazon, represented 1.3% of revenues in 2018. $FDX PR link.

Biogen(PBR239) completes $25.50/share $800 million acquisition of London, UK-based clinical-stage gene therapy company focused on adeno-associated virus (AAV) treatments for inherited retinal disorders Nightstar Therapeutics(NST; Nasdaq: NITE). $BIIB PR link.

Barnes & Noble(PBR647) to be acquired by affiliates of Elliott Management for $6.50/share, around $683 million, to become a private company, CEO will be James Daunt, CEO of UK bookstore chain Waterstones which was acquired by Elliott Management in 06/18, to close in 3Q19. $BKS PR link.

Vertex Pharmaceuticals(PBR721) to expand collaboration with CRISPR Therapeutics (NASDAQ: CRSP) with $175 million upfront payment and up to $1 billion in additional milestone and royalty payments, will acquire Exonics Therapeutics for $245 million as part of a $1 billion deal based on milestone achievements, enhances its gene editing capabilities to develop therapies for Duchenne Muscular Dystrophy (DMD) and Myotonic Dystrophy Type 1 (DM1). $VRTX PR link.

American Equity(PBR945) says it is no longer in discussions regarding a potential transaction, was not in the best interest of shareholders. $AEL PR link.

Alliance Data(PBR379) President/CEO/Board member Ed Heffernan has resigned, Epsilon acquisition has been completed, President of Card Services unit Melisa Miller named President/CEO and member of the Board effective immediately, other senior executive changes announced. $ADS PR link.

The US Dept of Labor says the US May 2019 Employed Workers is at 156,758,000, +113,000 from April 2019, +1,219,000 from May 2018, May 2019 Unemployed is at 5,888,000, +63,000 from April 2019, -240,000 from May 2018, May 2019 Unemployment Rate stays at 3.6%, was 3.8% in May 2018. USDOL PR link.

The US Federal Reserve Board says the US Preliminary April 2019 Total Consumer Debt-Revolving was at $1.065 trillion, Non-Revolving$3.005 trillion, April 2019 Total Consumer Debt$4.070 trillion, +0.4% from March 2019, +1.5% YTD(4 months), +5.1% from April 2018. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Wholesale Sales-Durables was at $240.4 billion, Non-Durables$262.7 billion, Total $503.1 billion, -0.4% from March 2019, +2.7% from April 2018. USDOC PR link.

The FannieMae(PBR21) US May 2019 Home Purchase Sentiment Index is at 92.0, April 2019 was at 88.3, March 2019 89.8, May 2018 92.3. Headline: “Americans’ Confidence in Housing Nears Survey High, Despite Moderating Optimism About Wage Growth and Job Security.” $FNMA PR link.

***Thursday, June 6:

Ford(PBR12) British subsidiary to take $650 million pre-tax charge mostly in 2019 to exit the Ford Bridgend Engine Plant in South Wales, will cease production during 2020. $F PR link.

Alphabet(PBR15)’s Google unit to acquire unified platform for business intelligence, data applications and embedded analytics Looker for $2.6 billion cash, will become part of Google Cloud. $GOOG PR link.

Alphabet(PBR15)’s Google unit announces first collection of games for its Stadia service, Stadia Founder’s Edition discounted from $300 to $129.99 on a pre-order basis, to launch in 14 countries including the US in 11/19. $GOOG PR link.

Anthem(PBR33) to acquire Beacon Health Options, the largest independently held behavioral health organization in the US, serving 36+ million individuals across all 50 states, from Bain Capital Private Equity and Diamond Castle Holding, terms not disclosed, to close in 4Q19. $ANTM PR link.

Altice USA(PBR310) completes $200 million acquisition of digital-first, live business, general news and college network focused on young professional and millennial audiences with over 400 million video views a month company Cheddar. $ATUS PR link.

Fastenal(PBR528) industrial vending program for nuts, bolts, and screws achieves 100,000-plus active devices across 25 countries. $FAST PR link.

Meredith Corp(PBR849)’s Entertainment Weekly to become a monthly starting in 08/19, to increase investment in EW.com and digital, social, video and experiential platforms. $MDP PR link.

The US Dept of Labor says US Revised 1Q19 Labor Productivity Output/Hr-All Employees-Business Sector is at +3.5%, 4Q18 was at +1.2%, 3Q18 +1.5%, 1Q18 +0.9%. USDOL PR link.

The US Dept of Commerce says US April 2019 Exports-Goods was at $136.9 billion, Services$69.9 billion, Total Exports $206.8 billion, Imports-Goods was at $208.7 billion, Services$49.0, Total Imports $257.7 billion, Total Deficitwas $50.9 billion, Total Deficit YTD(4 months)is at $205.5 billion, Total Deficit YTD(4 months) in 2018 was $202.0 billion. USDOC PR link.

***Wednesday, June 5:

Amazon(PBR5) Re: MARS conference news items regarding StyleSnap, warehousing/robotics, and drone delivery services. $AMZN PR link.

3M(PBR89) to sell its 500 employees gas and flame detection business to Teledyne(PBR747)for $230 million, to close 2H19. $MMM PR link.

Eli Lilly(PBR115) gets US FDA approval for Emgality® (galcanezumab-gnlm) injection (300 mg) for the treatment of episodic cluster headache in adults, the first and only calcitonin gene-related peptide (CGRP) antibody approved by the FDA for two distinct headache disorders. $LLY PR link.

Tesla(PBR139 $TSLA) is estimated to have sold nearly 3 times as many electric cars as its rivals, according to Morgan Stanley research.MarketWatch PR link.

Carnival Corp(PBR160 $CCL) and its Princess Cruises unit ordered to pay $20 million fine for plastics and garbage dumping in the ocean per US Dept of Justice suit, follows $40 million fine in 04/17 for oil dumping. DOJ PR link.

Bristol-Myers Squibb(PBR131) announces senior management leadership team after $74 billion acquisition of global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases Celgene(PBR220), to close in 3Q19. $BMY PR link.

LabCorp(PBR267) Chairman/President/CEO David P. King to step down as President/CEO on 10/31/19, will become Executive Chairman on 11/01/19, Board member Adam H. Schechter to become President/CEO. $LH PR link.

Casey’s General Stores(PBR354) hires Darren Rebelez to become President/CEO on 06/24/19, succeeds Terry Handley who is retiring after 38 years with Casey’s. $CASY PR link.

Red Robin(PBR965) adopts a short-term shareholder rights plan as it completes its ongoing CEO search and executes on its strategic plan. $RRGB PR link.

The US Securities and Exchange Commissionadopts a package of rulemakings and interpretations designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal requirements and mandated disclosures in line with reasonable investor expectations, while preserving access (in terms of choice and cost) to a variety of investment services and products. SEC PR link.

The US Federal Reserve releases its Beige Book based on information from the Federal Reserve Banks through 05/24/19, says, “Economic activity expanded at a modest pace overall from April through mid-May, a slight improvement over the previous period.” TheFed PR link.

ADP(PBR235) says the US Preliminary May 2019 Change in Employment is at +27,000, -52,000 from Small Businesses(1-49 employees), +11,000 from Mid-Sized Businesses(50-499 employees), +68,000 from Large Businesses(500 and more employees), -43,000 from Goods Producing Sector, +71,000 from the Services-Providing Sector. $ADP PR link.

The Institute for Supply Management says the US May 2019 Non-Manufacturing Index(>50% indicates economy is growing) is at 56.9%, April 2019 was at 55.5%, March 2019 56.1%, May 2018 58.9%. “The non-manufacturing sector continues to experience a slight uptick in business activity, but it is still leveling off overall. Respondents are mostly optimistic about overall business conditions, but concerns remain about tariffs and employment resources.” ISM PR link.

The IHS Markit US May 2019 Composite PMI Output Index is at 50.9, April 2019 was at 53.0, March 2019 54.6, May 2018 56.6. “… business confidence dipped to its lowest since June 2016 amid concerns about global trade tensions and less robust demand conditions.” IHS Markit PR link.

***Tuesday, June 4:

Walmart(PBR1) expanding its Live Better Ueducation benefit to include new technology degrees and certificates for $1 a day and offering high school students a bridge into the workforce, including access to all its learning programs. $WMT PR link.

Apple(PBR3 $AAPL) is being sued by two app developers claiming that Apple engaged in anticompetitive conduct by only allowing the downloading of iPhone apps through Apple’s official App Store. Apple also requires developers to price their apps in tiers ending in 99 cents and takes up to a 30% commission from developers on the sale of apps. Reuters PR link.

CVS Health(PBR8) expects to open 1,500 HealthHUBs by end of 2021 as part of strategy to accelerate growth. $CVS PR link.

Group 1 Automotive(PBR261) does nationwide launch of AcceleRide®, its new online automotive purchase platform, includes online inventory of over 38,000+ new and pre-owned vehicles, currently live at 79 dealerships, will be available at all 116 Group 1 US dealerships by the end of the summer. $GPI PR link.

Newell Brands(PBR341) to sell its $112 million in revenues in 2018 The United States Playing Card Company to Cartamundi Group, a leading manufacturer and distributor of playing cards and board games, terms not disclosed, to close in 2H19. $NWL PR link.

Michaels Cos(PBR504) partnering with Cricutfor upcoming availability of Infusible Ink™, an all-new system of Cricut products that brings commercial-level, permanent heat-transfer effects to the consumer do-it-yourself (DIY) space, to be available from 06/21/19 through 10/01/19. $MIK PR link.

Sprouts(PBR511) announces 06/11/19 National Hiring Day from 9AM-7PM, to hire around 1,500 across 300 stores. $SFM PR link.

Continental Resources(PBR541) authorizes initial $1 billion share buyback program, starts 2Q19, expires end of 2020. $CLR PR link.

Mattel(PBR558) announces international licensing agreement with Hello Kitty brand builder Sanrio to design and develop a wide array of toys, dolls, playsets, games, puzzles, baby gear, plush, vehicles and other products inspired by Hello Kitty & Friends and Hello Kitty Cafe, as well as a range of characters in the Sanrio portfolio, to be available in the Fall of 2020. $MAT PR link.

Tupperware(PBR862) announces “No Time to Waste” vision, to significantly reduce plastic and food waste by 2025 through its global network of 3 million Sales Force, 12,000 associates and suppliers. $TUP PR link.

CACI(PBR564) President/CEO Ken Asbury to retire and resign from the Board effective 06/30/19, COO John Mengucci to be successor on 07/01/19. $CACI PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 New Orders-Durable Goods is at $248.6 billion, Non-Durable Goods $250.7, Total $499.3 billion, -0.8% from March 2019, +0.6% from April 2018; Total YTD is at $1.200 trillion, +1.7% from April 2018. USDOC PR link.

The PurdueU/CME Group says the US May 2019 Ag Economy Barometer was at 101, April 2019 was at 115, March 2019 133, May 2018 141. PurdueU PR link.

***Monday, June 3:

Apple(PBR3) at its World Wide Developers Conference 2019 unveils several new products and developer tools. $AAPL PR link.

Humana(PBR54) says it will not make a proposal to combine with Centene(PBR50) as an alternative to Centene’s proposed acquisition of WellCare Health Plans(PBR168). $HUM PR link.

Tyson(PBR74) completes $340 million acquisition of Thailand and Europeanoperations of BRF SA, includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the UK. $TSN PR link.

Altria(PBR111) will invest $372 million for an 80% ownership interest in certain companies of Switzerland based Burger Group that will commercialize oral tobacco-derived nicotine pouch product on! worldwide. $MO PR link.

Tesla(PBR139 $TSLA) likely to build Model Y at California plant, Elon Musk says. MarketWatch PR link.

Sears(PBR168) parent Transform Holdings(aka the new Sears) will acquire the outstanding shares of Sears Hometown(PBR917) not owned by ESL Investments and its affiliates for $2.25/share cash, to close in SHOS 3Q19 fiscal year. $SHLDQ PR link.

Las Vegas Sands(PBR226) completes $1.3 billion sale of its Sands Bethlehem property in Pennsylvania to an affiliate of Poarch Band of Creek Indians of Alabama. $LVS PR link.

LabCorp(PBR267)’s Covance Drug Development segment has completed the acquisition of Envigo’s nonclinical contract research services business, Envigo’s Research Models and Services business has completed the acquisition of LabCorp’s Covance Research Products business, results in net payment by LabCorp of $485 million, will increase LabCorp’s revenue by an incremental $156 million/year. $LH PR link.

PVH(PBR314)’s Calvin Klein subsidiary and G-III(PBR759) have entered into a license agreement with an initial term of five years for the design, production and distribution of Calvin Klein Jeans women’s jeanswear collections in the US and Canada, is in addition to the other women’s Calvin Klein businesses that are already licensed to G-III by CKI. $PVH PR link.

Quest Diagnostics(PBR390 $DGX) says 11.9 million patients may be affected by latest data breach through its outsourced collections vendor. MarketWatch PR link.

Blackstone(PBR423) to acquire assets from three of GLP’s US funds for $18.7 billion, totals 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing US industrial footprint. $BX PR link.

AMD(PBR440) gets multi-year royalties agreement to license custom graphics IP based on the recently announced, highly-scalable RDNA graphics architecture to Samsung for use in mobile devices, including smartphones, and other products. $AMD PR link.

Ventas(PBR636) to acquire a Class A portfolio of 31 purpose-built seniors housing communities and four in-progress developments in Quebec market through an 85/15 percent equity partnership with Le Groupe Maurice, portfolio is valued at $1.8 billion, to close in 3Q19. $VTR PR link.

ASGN(PBR675) authorizes up to $250 million share repurchase program, expires in 2 years. $ASGN PR link.

Laureate Education(PBR682) completes sale of its universities in Spain and Portugal to global private equity firm Permira Funds for around $908 million net proceeds. $LAUR PR link.

Tronox(PBR921) authorizes up to $100 million share repurchase program. $TROX PR link.

United Technologies(PBR45) appoints David L. Gitlin as President/CEO of its 55,000 employees Carrier unit and Judith F. Marks as President/CEO of its 68,000 employees Otisunit, effective immediately, both units to be spunoff as stand-alone public companies. $UTX PR link.

The US Dept of Commerce/Census says the US Preliminary April 2019 Total Construction Spending Annual Rate-Residential is at $505.9 billion, Non-Residential $792.6 billion, Total$1.299 trillion, -0.1% from March 2019, -1.2% from April 2018. USDOC PR link.

The ISM Preliminary May 2019 Manufacturing PMI Index(>50% means economy expanding)was at 52.1%, April 2019 was at 52.8%, March 2019 55.3%, May 2018 58.7%. “Respondents expressed concern with the escalation in the U.S.-China trade standoff, but overall sentiment remained predominantly positive. The PMI® continues to reflect slowing expansion …” ISM PR link.

IHS Markit says the US May 2019 Manufacturing PMI Index is at 50.5, April 2019 was at 52.6, March 2019 52.4, May 2018 56.4. “The headline PMI fell to its lowest level since September 2009 as output growth eased and new orders fell for the first time since August 2009.” IHS Markit PR link.

***Friday, May 31:

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

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

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

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

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

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

Click here to follow The PBR1000 on Twitter!

PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more!

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

January 2020 The PBR1000: A Mixed Start for the New Year

The January 2020 US Major Stock Market Exchanges Summary

The PBR1000 January 2020 Snapshots

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

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

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

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

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

The PBR1000: Christmas Gifts from Washington a Mixed Bag?

November 2019 The PBR1000:

Another Big Month for The Stock Market Bull

The November 2019 US Major Stock Market Exchanges Summary

The PBR1000 November 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 23 Months Stock Price % Gainers

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

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

October 2019 The PBR1000:

The Stock Market Bull Takes Charge

The October 2019 US Major Stock Market Exchanges Summary

The PBR1000 October 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 22 Months Stock Price % Gainers

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

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

The White House and The PBR1000: Strange Bedfellows

September 2019 The PBR1000:

The Stock Market Bull Prevails

The September 2019 US Major Stock Market Exchanges Summary

The PBR1000 September 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 21 Months Stock Price % Gainers

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

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

August 2019 The PBR1000: The Stock Market Bear Returns

The August 2019 US Major Stock Market Exchanges Summary

The PBR1000 August 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 20 Months Stock Price % Gainers

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

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

July 2019 The PBR1000: The Stock Market Bull Sets Some Records

The July 2019 US Major Stock Market Exchanges Summary

The PBR1000 July 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 19 Months Stock Price % Gainers

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

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

June 2019 The PBR1000: The Stock Market Bull Takes the First Half of 2019

The June 2019 US Major Stock Market Exchanges Summary

The PBR1000 June 2019 Snapshots

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

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

Table 3(S13): The PBR1000 Top 5 18 Months Stock Price % Gainers

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

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

International Trade Issues Continue To Dominate The PBR1000 News

Testimonials

Stocks Investment Tool

Using The PBR1000 Doubled My Business

Follow Us

Sharing

January 2020 The PBR1000:
A Mixed Start for the New Year