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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

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

Disclaimers: The PBR1000 is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is a provider of news, data, and analysis, and is not a financial advisor firm.

(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 November 2019 Breaking News Recap

November 20, 2019 by admin

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

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

By Larry C. Paxton

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

***Friday, November 29

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

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

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

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

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

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

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

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

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

***Thursday, November 28

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

***Wednesday, November 27

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

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

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

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

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

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

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

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

***Tuesday, November 26

The PBR1000 Spotlight on MasterCard!

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

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

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

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

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

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

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

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

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

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

***Monday, November 25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 22

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 21

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

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

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

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

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

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

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

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

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

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

***Wednesday, November 20

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 19

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

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

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

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

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

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

***Monday, November 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 15

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 14:

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

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

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

To find out more about The PBR1000 click here!

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

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

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

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

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

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

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

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

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

***Wednesday, November 13

The PBR1000 Spotlight on Autodesk!

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, November 11

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

The PBR25 Top Buy Analyst Recommendations Info:

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

To get The PBR25 click here!

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

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

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

***Friday, November 8

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

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

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

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

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

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

The PBR1000 Welcomes Elanco Animal Health!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 7

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

Find out more about The PBR25, click here!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, November 6

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 5

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, November 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 31

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

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

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

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

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

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

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The PBR1000 October 2019 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

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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 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.

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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

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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

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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 July 2019 Breaking News Recap

July 31, 2019 by admin

Welcome to the 2nd Half of 2019 for The PBR1000!

Summer vacations are oftentimes spent taking thrill rides at theme parks. Alternately, you can simply invest in the stock market to experience roller coaster financial thrills.

By Larry C. Paxton

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

***Wednesday, July 31:

The PBRMarketTools US Stock Exchanges Recap for July 2019 ending 07/31/19:

DJIA ends July 2019 at 26,864.27, -1.21% from last Friday, +0.99% MTD/QTD, +15.16% YTD, -1.81% from record 27,359.16 set 07/15/19.

NASDAQ ends July 2019 at 8,175.42, -1.86% from last Friday, +2.11% MTD/QTD, +23.21% YTD, -1.86% from record 8,330.21 set 07/26/19.

SPX ends July 2019 at 2,980.38, -1.50% from last Friday, +1.31% MTD/QTD, +18.89% YTD, -1.50% from record 3,025.86 set 07/26/19.

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

The July 2019 YTD(7 months) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

Amazon(PBR5) Fashion unit launches Personal Shopper by Prime Wardrobe for Prime members, Customers complete a survey about their style and fit preferences and any additional specifics they want – then, Amazon Fashion’s stylist team will do the shopping for them, Customers get to preview their picks and select which items they want to ship and try in the comfort of their homes, $4.99/month. $AMZN PR link.

MetLife(PBR43) authorizes new $2 billion share repurchase program, $20 million left from previous $2 billion program. $MET PR link.

Wellcare Health Plans(PBR151) to hire 300+ full-time positions to support N Carolina‘s transition to Medicaid managed care. $WCG PR link.

FIS(PBR353) completes enterprise value of $43 billion stock and cash acquisition of payment technology company Worldpay(PBR584). $FIS PR link.

WellTower(PBR544) has acquired five purpose-built, private pay seniors housing properties recently developed and managed by Sunrise Senior Living for $285 million, located in Washington DC, San Francisco, and San Diego metro areas, Sunrise will continue to manage the communities. $WELL PR link.

WellTower(PBR544) has acquired a six-community portfolio located in the Denver and Boulder metropolitan statistical areas for $308 million in partnership with Colorado-based Balfour Senior Living. $WELL PR link.

WellTower(PBR544) to acquire a 43-acre, 6-building, 270,000 square foot medical office campus in Berkeley Heights, NJ for $140 million, campus will be master leased by Summit Medical Group. $WELL PR link.

WellTower(PBR544) partner Benchmark Senior Living has recapitalized the Benchmark Senior Living 4,137-unit seniors housing portfolio in 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont for $1.8 billion, Welltower now has fully exited the portfolio. $WELL PR link.

WellTower(PBR544) has expanded its relationship with Discovery Senior Livingthrough an off-market acquisition of three infill seniors housing campuses in the Dallas-Fort Worth and San Antonio metropolitan areas, transaction includes Welltower signing for a $1 billion exclusive development agreement. $WELL PR link.

Penn Natl Gaming(PBR656) enters into multi-year agreements with leading sports betting operators DraftKings, PointsBet, theScore and The Stars Group for online sports betting and iGaming market access across the Company’s portfolio. $PENN PR link.

Albemarle(PBR681) will acquire 60% ownership of Mineral Resources Limited(ASX: MIN)Wodgina hard rock lithium mine in Western Australia and form a 60-40 joint venture with MRL to operate the mine and battery grade lithium hydroxide production facilities, original agreement was a 50% and 50/50 deal. $ALB PR link.

Carlyle Group(PBR828) to convert to a Full C-Corporation effective 01/01/20. $CG PR link.

The Cheesecake Factory(PBR844) to acquire Phoenix, AZ based Fox Restaurant Conceptsand the remaining interest in North Italia for $308 million cash plus an additional $45 million due ratably over the next four years, to close in 3Q19. $CAKE PR link.

Molson Coors(PBR283) President/CEO Mark Hunter to retire effective 09/27/19, US unit MillerCoors President/CEO Gavin Hattersley named successor. $TAP PR link.

The Federal Open Market Committeecompletes its meeting and issues a statement saying, “In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent.” FOMC PR link.

The US Dept of Labor says the US 2Q19 Civilian Workers-All Cost Index(12/2005=100)is at 137.0, 1Q19 was at 136.2, 4Q18 135.2, 2Q18 133.3. USDOL PR link.

ADP(PBR235) says the US Preliminary July 2019 Change In Employment was at +156,000, +11,000 from Small Businesses(1-49 employees), +67,000 from Mid-Sized Businesses(50-499), and 78,000 from Large-Sized Businesses(500 or more), +9,000 were from the Goods-Producing Sector, +146,000 from the Services-Provider Sector. $ADP PR link.

The US Dept of Treasury says that the US 07/30/19 National Public Debt is at $16.214 trillion, Intragovernmental Holdings Debt $5.809 trillion, Total US Debt $22.023 trillion, +0.2% YTD, +3.3% from 07/31/18. USTreasury PR link.

The US Dept of Treasury says the US 10 Year Treasury Note Yield on 07/31/19 is 2.02%, 06/28/19 was at 2.00%, 05/31/19 2.14%, 07/31/18 2.96%. USTreasury PR link.

The US Energy Information Administrationsays US Millions of Barrels of Crude Oil Stocks on 07/26/19 were at 436.5, 06/21/19 was at 469.6, 05/24/19 476.5, 07/20/18 404.9. EIA PR link.

The Federal Reserve Bank of Chicago says the US 7th District Preliminary June 2019 Midwest Economy Index is at -0.31, May 2019 was at -0.22. ChiFed PR link.

The MNI July 2019 Chicago Business Barometer(<50=economy declining) is at 44.4, June 2019 was at 49.7, May 2019 54.2, July 2018 65.5. “Sentiment faded further with firms facing weakness across the board. Global risks, trade tensions, slowdown in demand and sombre growth expectations, all jeopardize business conditions. Firms are not panicking yet …” MNI PR link.

The American Automobile Assn says the US Regular Average Gas Price Per Gallon on 07/31/19 is at $2.721, 06/28/19 was at $2.708, 05/31/19 $2.825, 07/31/18 $2.862. AAA PR link.

The US Dollar Price for a Euro Dollar at the close of 07/31/19 is at $1.1052, 06/28/19 was at $1.1372, 05/31/19 $1.1171, 07/31/18 $1.1698. MarketWatch PR link.

***Tuesday, July 30:

Amazon(PBR5) to open its 15th Pennsylvanian operations facility in Pittsburgh, facility will have 1+ million sf, will create more than 800 new, full-time jobs starting at $15 an hour. $AMZN PR link.

BB&T(PBR239) shareholders approve merger with SunTrust Banks(PBR294) and name of new company to be Truist Financial Corporation. In a separate release SunTrust shareholders also approve merger. To close late 3Q19 to early 4Q19. $BBT PR link.

Berry Global(PBR379) completes sale of its Seal for Life business, with annual sales of around $120 million, to Arsenal Capital Partners for approximately $330 million. $BERY PR link.

Brown-Forman(PBR586) and Bacardi to end UK cooperation agreement in 04/20. $BFB PR link.

Wyndham Destinations(PBR618) to sell its Wyndham Vacations Rentals business to Vacasa, N America’s largest vacation rental management platform, for around $162 million, to close in Fall of 2019. $WYND PR link.

NuStar(PBR897) completes around $250 million sale of its storage terminal facility located at St. Eustatius in the Caribbean to Prostar Capital. $NS PR link.

Newell Brands(PBR344) hires Ravi Saligram as CEO and member of the Board, effective 10/02/19. $NWL PR link.

The US Dept of Commerce/BEA says the US Preliminary June 2019 Personal Income Annual Rate is at $18.676 trillion, +0.5% from May 2019, +5.4% from June 2018, June 2019 Personal Taxes were at a $2.221 trillion rate, an 11.9% Effective Tax Rate, Disposable Personal Income was at a $16.455 trillion rate, Personal Outlays $15.119 trillion rate, for a Personal Savings of $1.336 trillion rate, for a Personal Savings Rate of 8.1%. USDOC PR link.

The S&P CoreLogic Case-Shiller US May 2019 National Home Price Index(01/2000=100) is at 209.66, April 2019 was at 207.91, March 2019 206.02, May 2018 202.70. Case-Shiller PR link.

The Conference Board says the US July 2019 Consumer Confidence Index(1985=100) is at 135.7, June 2019 was at 124.3. “Consumers are once again optimistic about current and prospective business and labor market conditions. In addition, their expectations regarding their financial outlook also improved. These high levels of confidence should continue to support robust spending in the near-term despite slower growth in GDP.” TCB PR link.

***Monday, July 29:

Pfizer(PBR59)’s Upjohn division to be spunoff and combine with Mylan(PBR270) to form a separate to be named US based independent public company with around $20 billion in 2020 revenues, to close in mid 2020. $PFE PR link.

Bristol-Myers Squibb(PBR131) gets European Commission unconditional approval for $74 billion acquisition of global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases Celgene(PBR203), waiting for additional regulatory approvals, on track to close late 2019/early 2020. $BMY PR link.

CBS(PBR212) and Altice USA(PBR318) reach new comprehensive, multi-year content carriage agreement, covers retransmission consent for CBS-owned stations and the carriage of SHOWTIME™, CBS Sports Network, Pop TV and Smithsonian Channel™ on Altice’s Optimum and Suddenlink cable systems. $CBS PR link.

Parker Hannifin(PBR213) to acquire privately held Kent, WA based designer and manufacturer of high temperature, high pressure air and exhaust management solutions for aircraft and engines, with annual sales of approximately $450 million and 1,600 team members across three US locations Exotic Metals Forming Co, for $1.725 billion cash, to close by 10/31/19. $PH PR link.

Fiserv(PBR478) completes all stock transaction for equity value of around $22 billion, $22.74/share acquisition of First Data(PBR322). $FISV PR link.

Greenbrier(PBR812) completes $430 million acquisition of manufacturing business of St Charles, MO-based American Railcar Industries from ITE Management LP. $GBX PR link.

Mylan(PBR270) CEO Heather Bresch to retire upon closing of Pfizer(PBR59) Upjohn division and Mylan merger, with company since 1992. $MYL PR link.

Thor Industries(PBR360) names Andy Graves as Chairman, effective 08/01/19, will be 1st independent Chairman. $THO PR link.

***Friday, July 26:

The PBRMarketTools US Stock Exchanges Recap for Week 30 of 2019 ending 07/26/19:

DJIA ends Week 30 at 27,192.45, +0.14% from last Friday, +2.23% MTD/QTD, +16.57% YTD, -0.16% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 30 at record 8,330.21, +2.26% from last Friday, +4.05% MTD/QTD, +25.54% YTD, +0.00% from record 8,330.21 set 07/26/19.

SPX ends Week 30 at record 3,025.86, +1.65% from last Friday, +2.86% MTD/QTD, +20.70% YTD, +0.00% from record 3,025.86 set 07/26/19.

The Week 30 News Summary: It appears that US/China trade negotiations are going to be starting up again, the UK makes Boris Johnsonits new Prime Minister based on his promise to get the UK out of the European Union, and the European Union Central Bank has signaled it might be cutting interest rates. In the US Robert Mueller was interrogated by two House committees regarding his work on alleged Russian collusion in the 2016 presidential election and possible obstruction by the Trump campaign, with little new information revealed, but more hearings and litigation likely. Congress seems close to passing a bill that would raise the debt ceiling and fund the government through the 2020 election. The US economy has slowed somewhat with the advance 2Q19 annual GDP growth rate released and calculated at 2.1%. Corporate earnings were somewhat mixed, with Boeing taking a big dip from more delays on the 737 MAX airplane, but it was a good week for tech stock with NASDAQ and the SPX ending the week with record closes as The Stock Market Bull came out of last week’s slumber to inflict a big gore wound in The Stock Market Bear and get a resounding 3-0 victory in Week 30.

The Week 30 YTD tally is:
The Stock Market Bull: 16 weeks
The Stock Market Bear: 8 weeks
Mixed Results: 6 weeks

T-Mobile US(PBR68) gets US Dept of Justiceapproval for $59 billion all stock acquisition of Sprint(PBR85) per divesting of Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets to DISH(PBR228) for $5 billion, expects additional regulatory approvals in 3Q19, to close in 4Q19. $TMUS PR link.

Ferrellgas(PBR880) gets non-compliance listing notice from the NYSE, stock price ended previous month at under $1.00 per share, has 6 months to come into compliance. $FGP PR link.

Dean Foods(PBR384) hires Eric Beringause as President/CEO and member of the Board, effective 07/29/19, to succeed Ralph Scozzafava who has stepped down as CEO and resigned from the Board. $DF PR link.

The US Dept of Commerce/BEA says the US Preliminary 2Q19 Gross Domestic Product Annual Rate is at +2.1%, $21.338 trillion, +1.1% from 1Q19, +4.0% from 2Q18. USDOC PR link.

***Thursday, July 25:

Apple(PBR3 $AAPL) to acquire majority of Intel(PBR42)’s smartphone modem business, includes approximately 2,200 employees along with intellectual property, equipment and leases, transaction valued at $1 billion, to close 4Q19. $INTC PR link.

Charles Schwab(PBR305) to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for $1.8 billion in cash, also agreed to enter into a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth management and brokerage provider for USAA members, to close during 2020. $SCHW PR link.

Colony Capital(PBR793) has acquired nearly $20 billion of digital infrastructure global manager Digital Bridge Holdings for $325 million, Digital founder/CEO Marc C. Ganzi to become Colony CEO in next 18-24 months, to succeed Tom Barrack, who will return to being Executive Chairman. $CLNY PR link.

Targa Resources(PBR292) President Matthew J. Meloy to become CEO and member of the Board on 03/01/20, current CEO Joe Bob Perkins to remain on management team and be Executive Chairman, to succeed retiring Executive Chairman James W. Whalen. $TRGP PR link.

YUM!(PBR485) hires Mark King as Taco Bell Division CEO and promotes Artie Starrs to Pizza Hut Division CEO, both effective 08/05/19. $YUM PR link.

Vertex Pharmaceuticals(PBR721)Chairman/President/CEO Jeffrey Leiden, MD, PhD, to become Executive Chairman on 04/01/20, Chief Medical Officer Reshma Kewalramani, MD will become President/CEO and member of the Board at that time. $VRTX PR link.

MGIC Investment(PBR996) President/CEO Patrick Sinks named Vice Chairman, EVP/CFO Timothy Mattke named CEO and elected to the Board, Salvatore Miosi appointed President/COO, Nathaniel Colson appointed EVP/CFO, all effective immediately. $MTG PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims 4 Week Moving Average on 07/20/19 is at 213,000, -3.7% from 06/22/19, -2.3% from 07/21/18; Total Insured Unemployment 4 Week Moving Average on 07/13/19 is at 1,697,250, +0.6% from 06/15/19, -2.8% from 07/14/18. USDOL PR link.

The US Dept of Commerce/Census says the US 2Q19 Total Housing Units is at 139,497,000, +366,000 from 1Q19, +1,152,000 from 2Q18, 122,453,000 are Occupied, 78,515,000 by Owners, 43,938,000 by Renters, Occupancy Rate is 87.2%, Homeownership Rate is 64.1%. USDOC PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Home Mortgage Rate on 07/25/19is at 3.75% with 0.5 points/fees, the rate was 3.73% on 06/27/19, 3.99% on 05/30/19, 4.54% on 07/26/18. $FMCC PR link.

***Wednesday, July 24:

Facebook(PBR55) in 2Q19 report says it had 2.41 billion monthly active users as of 06/30/19, an increase of 8% year-over-year, to pay $5.0 billion fine per agreement with the US Securities and Exchange Commission for its platform and user data practices, mobile advertising revenue represented approximately 94% of advertising revenue. $FB PR link.

Facebook(PBR55 $FB) to pay $100 million for misleading investors about the risks it faced from misuse of user data per settlement with the US Securities and Exchange Commission. SEC PR link.

Honeywell(PBR71) has acquired privately held TruTrak Flight Systems, a developer and provider of autopilots for experimental, light-sport and certified aircraft, has 15,000+ installations, terms not disclosed. $HON PR link.

Tenet Healthcare(PBR165) concludes strategic review that started in 12/17, to pursue a tax-free spin-off of its Conifer Health Solutions business as a separate, independent publicly traded company, to be completed by 2Q21. $THC PR link.

American Electric Power(PBR187) completes acquisition of 75%, or 227 megawatts, of the Santa Rita East Wind Project, located about 70 miles west of San Angelo,TX, from Invenergy Renewables, who retains 25% stake, increases AEP’s contracted renewables portfolio to 1,302 megawatts, terms not disclosed. $AEP PR link.

Booking(PBR210)’s OpenTable online restaurant reservations service is partnering with Caviar, Grubhub and Uber Eats to offer delivery and pick-up options at thousands of restaurants on OpenTable’s newly updated iOS app. $BKNG PR link.

Live Nation(PBR282) to acquire controlling interest in OCESA Entretenimiento, promotes more than 3,100 events for nearly 6 million fans annually across Mexico and Colombia, terms not disclosed. $LYV PR link.

Moody’s(PBR571) has acquired a majority stake in Berkeley, CA based Four Twenty Seven, a provider of data, intelligence, and analysis related to physical climate risks, has detailed data covering over 2,000 listed companies, one million global corporate facilities, 320 REITs, 3,000 US counties, and 196 countries, terms not disclosed. $MCO PR link.

The US Dept of Commerce/HUD says the US Preliminary June 2019 New Family Home Sales Annual Rate is at 646,000 units, +7.0% from May 2019, +4.5% from June 2018; June 2019 Median New Family Home Price is at $310,400, +2.3% from May 2019, -0.0% from June 2018. USDOC PR link.

ADP(PBR235) in its US 2Q19 Workforce Vitality Report says Wage Growth was at +4.0%, +0.2% from 1Q19, +1.0% from 2Q18; 2Q19 Wage Level was at $28.54, +$0.14 from 1Q19, +$1.08 from 2Q18. $ADP PR link.

***Tuesday, July 23:

UPS(PBR40) to expand services, including network of pickup and dropoff locations to 21,000 in the US, 40,000 globally, to start 7 day service on 01/01/20, has applied to the US FAA to operate a newly established UPS subsidiary UPS Flight Forward to do drone deliveries. $UPS PR link.

Starbucks(PBR114) to expand 11 market rollout to make Starbucks® Delivers available throughout the US in early 2020 through an agreement with Uber(PBR269)’s Uber Eats as the preferred delivery provider of Starbucks® items. $SBUX PR link.

Bed Bath & Beyond(PBR250) reduces corporate staff by around 7%, including elimination of the President/COO position. $BBBY PR link.

Realogy(PBR469) in collaboration with Amazon(PBR5) launches new homebuying program across its real estate brands called TurnKey, available initially in 15 US cities, includes free Amazon Move-In Benefit, valued from $1,000 to $5,000* in complimentary products and Amazon Home Services courtesy of Realogy. $RLGY PR link.

Harley-Davidson(PBR483) 6 months vehicle retail sales are at 120,997 units, was 129,514 units in 2018, motorcycles shipped from its Thailand operations to the EU to receive more favorable tariff treatment than if they were shipped from the US. $HOG PR link.

Brunswick(PBR520) to realize a reduction of approximately $50 million in annual run-rate costs, due in large part to a 9% reduction in its global salaried workforce. $BC PR link.

Skechers(PBR549) launches “Shaq by Skechers” basketball footwear for kids through its Skechers Kids brand. $SKX PR link.

Quad/Graphics(PBR596) $1.4 billion all shares acquisition of LSC Communications(PBR631)is terminated by mutual agreement because of costly and time consuming regulatory lawsuits, Quad will pay LSC a reverse termination fee of $45 million. $QUAD PR link.

Newmont Goldcorp(PBR404) EVP/COO Tom Palmer to succeed Gary Goldberg as President/CEO on 10/01/19. $NEM PR link.

The US Dept of Justice’s Antitrust Divisionannounces it is reviewing whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers. DOJ PR link.

The Federal Reserve Bank of Richmond says the 5th District July 2019 Manufacturing Composite Index(Annualized) is at -12%, June 2019 was at +2%, May 2019 +7%, July 2018 +21%. “… respondents were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the 5th District July 2019 Service Sector Revenue Index(Annualized) is at +11%, June 2019 was at +16%, May 2019 +3%, July 2018 +24%. “Firms … reported growth in spending and were optimistic that business would stay strong in the next six months.” RichmondFed PR link.

The Natl Assn of Realtors says the US Preliminary June 2019 Existing Home Sales Annual Rate is at 5,270,000, -1.7% from May 2019, -2.2% from June 2018; June 2019 Median Existing Home Price is at $285,700, +2.9% from May 2019, +4.3% from June 2018. NAR PR link.

***Monday, July 22:

Amazon(PBR5) to open two new Ohio fulfillment centers, one in Akron and the other in Rossford, creating more than 2,500 full-time jobs. AMZN PR link.

Amazon(PBR5) signs international best-selling author Dean Koontz for a five-book deal, the first one to be out in Spring 2020, and a collection of six short thrillers, to be available 11/12/19 for free for Prime and Kindle Unlimited customers. $AMZN PR link.

Microsoft(PBR25) in multi-year deal to invest $1 billion in OpenAI to jointly build new Azure AI supercomputing technologies, OpenAI will port its services to run on Microsoft Azure, which it will use to create new AI technologies and deliver on the promise of artificial general intelligence, Microsoft will become OpenAI’s preferred partner for commercializing new AI technologies. $MSFT PR link.

Starbucks(PBR114) to license technology to San Francisco, CA, and Seattle, WA based Brightloom – formerly eatsa – taking equity stake and seat on the tech company’s board of directors, Brightloom will make available cloud-based software solutions to Starbucks global license partners. $SBUX PR link.

Starbucks(PBR114) and Nestlé launch Starbucks Creamers, the first time the Starbucks brand has entered the refrigerated creamer category, a growing US category, which is projected to top $7.8 billion by 2023 in the US. $SBUX PR link.

Occidental(PBR159) sends letter to shareholders in response to Icahn Enterprises(PBR288) effort to replace 4 directors on the Board and to vote on the $38 billion acquisition of Anadarko(PBR233). $OXY PR link.

Ross Stores(PBR205) announces the recent opening of 22 Ross Dress for Less® (“Ross”) and six dd’s DISCOUNTS® stores across 10 different states in June and July, part of plans to add approximately 100 stores in 2019, with 75 Ross and 25 dd’s DISCOUNTS locations. $ROST PR link.

Davita Healthcare(PBR266) commences modified “Dutch auction” tender offer for up to $1.2 billion of its common stock at a share price between $53.50 and $61.50, expires at the end of the day on 08/16/19. $DVA PR link.

TransDigm(PBR633) to sell its France based global supplier of highly-engineered interconnect solutions for harsh environments serving customers primarily in aerospace, defense and space end markets $363 million in revenues for year ending 06/30/19 Souriau-Sunbank Connection Technologies unit to Eaton Corp(PBR138) for around $920 million, was part of Esterline Technologies acquisition completed in 03/19. $TDG PR link.

Equifax(PBR675) announces $671 million resolution, includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), the Attorneys General of 48 states, Puerto Rico and the District of Columbia, and the New York Department of Financial Services (NYDFS). $EFX PR link.

Vail Resorts(PBR888) to acquire $60 million revenues in 12 months ending 07/31/19 Peak Resorts(NASDAQ: SKIS) in all stock deal for $11.00/share, around $264 million, will add 17 US ski areas to its network, to close in Fall 2019. $MTN PR link.

AutoNation(PBR140) promotes CFO Cheryl Miller to President/CEO and a director, effective immediately, is the first female CEO of a publicly traded automotive retailer, succeeds Carl Liebert who is leaving after 4 months per mutual agreement with the Board. $AN PR link.

TD Ameritrade(PBR500) President/CEO Tim Hockey to leave upon appointment of a successor, and no later than in 02/20. $AMTD PR link.

The Federal Reserve Bank of Chicago says the US Preliminary June 2019 National Activity Index is at -0.02, May 2019 was at -0.03, April 2019 -0.73, June 2018 +0.44. “Index points to economic growth near historical trend in June.” ChiFed PR link.

***Friday, July 19:

The PBRMarketTools US Stock Exchanges Recap for Week 29 of 2019 ending 07/19/19:

DJIA ends Week 29 at 27,154.20, -0.65% from last Friday, +2.08% MTD/QTD, +16.40% YTD, -0.75% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 29 at 8,146.49, -1.18% from last Friday, +1.75% MTD/QTD, +22.78% YTD, -1.35% from record 8,244.14 set 07/12/19.

SPX ends Week 29 at 2,976.61, -1.23% from last Friday, +1.18% MTD/QTD, +18.74% YTD, -1.25% from record 3,013.77 set 07/12/19.

The Week 29 News Summary: Since before the first of 2019 the primary issue impacting the US stock exchanges has been US/China tradeissues, with the bottom line being little or no progress being made to date as both sides continue to play a “who blinks first” game. In the US the economic news was somewhat mixed, with the Federal Reserve’s Beige Booksummary indicating continued modest but slowing growth and the Federal Reserve signaling a possible half point drop in the federal funds short term interest rate at the end of the month. First half corporate earnings started to be released with mixed results. The Stock Market Bull charged into Week 29 with new records for all 3 major US stock exchanges on Monday, then took a long slumber in the pasture for the rest of the week, maybe from the hard work, stress and pressure it takes to keep winning. The Stock Market Bear has his way and ends Week 29 with a 3-0 record.

The Week 29 YTD tally is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 8 weeks
Mixed Results: 6 weeks

Schlumberger(PBR89) appoints COO Olivier Le Peuch to CEO and member of the Board, effective 08/01/19, succeeds Paal Kibsgaard, who will retire as Chairman/CEO and from the Board after more than 22 years of service to the Company, Mark G. Papa, a current non-independent director, will become non-executive Chairman. $SLB PR link.

Pier 1 Imports(PBR954) creates Office of the CEO, includes Interim CEO Cheryl Bachelder, newly hired President Doug Diemoz, newly hired EVP/CFO Bob Riesbeck, and EVP/Chief Legal and Compliance Officer and Corporate Secretary Robert Bostrom. $PIR PR link.

SeaWorld(PBR973) Chairman Yoshikazu Maruyama steps down because of other commitments, will remain a Director, Director Scott Ross unanimously elected non-executive Chairman. $SEAS PR link.

The U of Michigan US Preliminary July 2019 Consumer Sentiment Index is at 98.4, June 2019 was at 98.2, May 2019 100.0, July 2018 97.9. “Consumer sentiment remained largely unchanged in early July from June, remaining at quite favorable levels since the start of 2017.” UMichigan PR link.

***Thursday, July 18:

Boeing(PBR28) to record an after-tax charge of $4.9 billion ($8.74 per share) in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 MAX grounding and associated delivery delays, charge will result in a $5.6 billion reduction of revenue and pre-tax earnings in the quarter. $BA PR link.

Qualcomm(PBR130) to appeal $272 million fine from European Commission’s Directorate General for Competition, after a 10-year investigation, issued a finding that Qualcomm engaged in predatory pricing practices for some sales of three cellular baseband chipsets to two customers during a few calendar quarters between 2009 and 2011. $QCOM PR link.

iHeartMedia(PBR454) moves from OTC, starts trading as NASDAQ: IHRT. $IHRT PR link.

IDEX(PBR819) acquires Sweden based Velcora Holding AB and its Roplan and Steridose businesses from FSN Capital Partners for around $137 million. $IEX PR link.

Hovnanian(PBR892) receives notification from the New York Stock Exchange that Hovnanian is not in compliance with the continued listing standard, market capitlization has averaged $49.5 million over past 30 days, needs to be at $50 million, will submit a plan to show it can be in compliance within the 18 month cure period. $HOV PR link.

Red Robin(PBR979) confirms receipt of a second unsolicited conditional proposal from activist investor Vintage Capital Managementto acquire all of the outstanding common shares of Red Robin for $40.00 per share in cash. $RRGB PR link.

Chico’s FAS(PBR875) has new organizational structure, appoints Board member and interim CEO Bonnie Brooks to President/CEO. $CHS PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District July 2019 Manufacturing General Business Indicator is at +21.8, June 2019 was at +0.3, May 2019 +16.6, July 2018 +24.3. “Most of the survey’s future activity indexes increased, suggesting improved optimism about growth for the next six months.” PhillyFed PR link.

The Conference Board says the US Preliminary June 2019 Leading Economic Index(2016=100) is at 111.5, May 2019 was at 111.8, April 2019, June 2018 110.2. “For the first time since late 2007, the yield spread made a small negative contribution. As the US economy enters its eleventh year of expansion, the longest in US history, the LEI suggests growth is likely to remain slow in the second half of the year.” TCB PR link.

***Wednesday, July 17:

Amazon(PBR5) members worldwide buy more than 175 million items throughout Prime Day, surpasses Black Friday and Cyber Mondaycombined. $AMZN PR link.

Amazon(PBR5) to be investigated by The European Commission to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules. $AMZN PR link.

CVS Health(PBR8) starts clinical trial designed to evaluate the safety and efficacy of the HemoCare Hemodialysis System for administration of home hemodialysis. $CVS PR link.

Merck(PBR70) gets US FDA approval for RECARBRIO™ (imipenem, cilastatin, and relebactam) for the treatment of adults with Complicated Urinary Tract and Complicated Intra-Abdominal Bacterial Infections shere limited or no alternative treatment options are available. $MRK PR link.

Kohl’s(PBR152) is hiring for 500 stores for back-to-school positions, 3,000 associates for all stores nationwide. $KSS PR link.

Netflix(PBR192) 2Q19 US streaming subscibers are at 60.10 million members, down from 1Q19 60.23 million, 2Q19 international streaming subscribers at 91.46 million, 1Q19 was 88.63 million, forecasting gains in 3Q19. $NFLX PR link.

Corning(PBR268) authorizes new $5 billion share repurchase program. $GLW PR link.

The US Dept of Commerce/HUD says the US Preliminary June 2019 Building Permits Issued Annual Rate-Private Housing is at 1,220,000 units, -6.1% from May 2019, -5.6% from June 2018. USDOC PR link.

The US Federal Reserve releases the Beige Book for data through 07/08/19. “The outlook generally was positive for the coming months, with expectations of continued modest growth, despite widespread concerns about the possible negative impact of trade-related uncertainty.” USFed PR link.

***Tuesday, July 16:

McDonald’s(PBR122) adds DoorDash as US McDelivery Partner, starting with Houston, TX, area pilot on 07/29/19. $MCD PR link.

BB&T(PBR239) and SunTrust Banks(PBR294)to become Truist Financial Corporation upon merger, Truist Bank Community Benefits Plan will lend or invest $60 billion to low- and moderate-income (LMI) borrowers and in LMI communities over a three-year period from 2020 to 2022. $BBT PR link.

Moody’s(PBR571) to sell its global knowledge process outsourcing services provider Moody’s Analytics’ Knowledge Services (MAKS)business to European private equity firm Equistone Partners Europe Limited, $300 million proceeds to be used for stock repurchase program, to close by 12/31/19. $MCO PR link.

Prologis(PBR768) to acquire 37.5 million sf operating portfolio comprising 236 properties REIT firm Industrial Property Trust‘s wholly owned real estate assets for approximately $3.99 billion cash, including the assumption and repayment of debt, to close by 03/31/20. $PLD PR link.

Adtalem Education(PBR985) President/CEO Lisa Wardell elected to additional role of Chairman, succeeds James White who remains on the Board. $ATGE PR link.

The US Dept of Labor says the US Preliminary June 2019 Import Prices are -0.9%, May 2019 was +0.0%, April 2019 +0.2%, June 2018 +0.0%, Last 12 Months -2.0%; US Preliminary June 2019 Export Prices are -0.7%, May 2019 were -0.2%, April 2019 +0.1%, June 2018 +0.2%, Last 12 Months -1.6%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Total Sales-Manufacturers was at $504.3 billion, Retailers$453.7 billion, Wholesalers $503.4, Total Sales$1.461 trillion, +0.2% from April 2019, +1.5% from May 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance June 2019 Retail Trade-Retail is at $455.4 billion, Food Services and Drinking Places $64.5 billion, Total Retail $519.9 billion, +0.4% from May 2019, +3.4% from June 2018. USDOC PR link.

The US Federal Reserve says the US Preliminary June 2019 Total Manufacturing Industry % of Capacity Utilization is at 77.9%, May 2019 was at 78.1%, April 2019 77.9%, June 2018 77.8%, June 2019 Capacity Growth Over Previous Year is at +2.1%. USFED PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary July 2019 Housing Market Composite Index(>50=more builders view conditions as good than poor) is at 65, June 2019 was at 64, May 2019 66, July 2018 68. “Builders report solid demand for single-family homes. However, they continue to grapple with labor shortages, a dearth of buildable lots and rising construction costs that are making it increasingly challenging to build homes at affordable price points relative to buyer incomes… ” NAHB/WF PR link.

***Monday, July 15:

American Airlines(PBR65) says it remains confident the Boeing(PBR28) 737 MAX airplane will be recertified by the end of the year, cancelling all flights on the MAX through 11/02/19, 115 flights/day affected. $AAL PR link.

AbbVie(PBR91) has acquired Seattle, WA based privately held biopharmaceutical company focused on novel approaches to target the STING (STimulator of INterferon Genes) pathway for the treatment of cancer Mavupharma, terms not disclosed. $ABBV PR link.

Gilead Sciences(PBR132) and Galapagos NV (Euronext & NASDAQ: GLPG) enter into 10 year global research and development collaboration, Gilead to make $3.95 billion upfront payment and $1.1 billion equity investment. $GILD PR link.

Vistra Energy(PBR330) completes $378 million plus the assumption of net debt of approximately $108 million acquisition of Canada based residential electricity provider Crius Energy Trust (TSX: KWH.UN). $VST PR link.

Blackstone(PBR424) to acquire San Francisco, CA based performance marketing platform for in-app video advertisements on mobile devices provider Vungle, used by publishers of more than 60,000 mobile apps worldwide, to close by end of 2019, terms not disclosed. $BX PR link.

Crane(PBR686) is ceasing its efforts to acquire CIRCOR International(NYSE: CIR) and will not extend its $48 per share tender offer scheduled to expire on 07/19/19. $CR PR link.

Thor Industries(PBR360) Co-Founder Peter Orthwein to resign as Executive Chairman on 07/31/19, will remain on Board with title Chairman Emeritus, new Chairman to be selected by 07/31/19. $THO PR link.

The Federal Reserve Bank of New York says the Empire State July 2019 Manufacturing Index is at +4.3, June 2019 was at -8.6, May 2019 +17.8, July 2018 +22.0. “Indexes assessing the six-month outlook indicated that firms were fairly optimistic about future conditions.” NYFED PR link.

FTI Consulting(PBR885) expects US online retail sales of $575 billion in 2019, a 12.3% increase over $513 billion in 2018, compares to a 14.2% increase in 2018, when the market grew from $450 billion and topped $500 billion for the first time, and a 15.6% increase in 2017, Amazon(PBR5) to have 43% market share in 2019, to top 50% in 2024. $FCN PR link.

***Friday, July 12:

The PBRMarketTools US Stock Exchanges Recap for Week 28 of 2019 ending 07/12/19:

DJIA ends Week 28 at record 27,332.03, +1.52% from last Friday, +2.75% MTD/QTD, +17.17% YTD, +0.00% from record 27,332.03 set 07/12/19.

NASDAQ ends Week 28 at record 8,244.14, +1.01% from last Friday, +2.97% MTD/QTD, +24.25% YTD, +0.00% from record 8,244.14 set 07/12/19.

SPX ends Week 28 at record 3,013.77, +0.78% from last Friday, +2.45% MTD/QTD, +20.22% YTD, +0.00% from record 3,013.77 set 07/12/19.

The Week 28 News Summary: There was very little mention and apparently no movement involving international trade during the week. Most of the early week’s news revolved around the US Women’s Soccer Team winning the World Cup. But then economic news took front and center midweek with Federal Reserve Chairman Powell testifying before Congress during which he strongly signaled that short term federal funds rates were likely to be cut at the end of July meeting. The Stock Market Bear had a good Monday because it was felt by many that the good employment report from the previous week probably made a rate cut unlikely. But with Chairman Powell’s statement it was like the running of the bulls in Pamplona, Spain, and The Stock Market Bull took over big time, winning Week 28 3-0, with all 3 major US stock exchanges closing at record highs.

The Week 28 YTD tally is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

Ford(PBR12) and Volkswagen AG, which is investing $2.6 billion, are expanding their global alliance to include electric vehicles, and will collaborate with self-driving system developer Argo AI to introduce autonomous vehicle technology in the US and Europe. $F PR link.

Starbucks(PBR114) opens its first Starbucks Now express retail format store in China, located in the financial district of Beijing, integrates Starbucks physical and digital customer and delivery drivers touchpoints. $SBUX PR link.

AFLAC(PBR136) to acquire Tampa, FL-based 120 employees Argus Holdings, LLC and its subsidiary Argus Dental & Vision, services nearly one million dental and vision members, providing benefits management solutions to Medicare Advantage, Medicaid, and Children’s Health Insurance Program (CHIP) carriers, to close in 4Q19, terms not disclosed. $AFL PR link.

Campbell Soup(PBR340), as part of its plan to divest its international businesses, to sell its Denmark based 400 employees $157 million revenues in the last 12 months baked snacks unit Kelsen Group to a Belgian based Ferrero affiliated company for $300 million, to close in 1Q20. $CPB PR link.

Hillenbrand(PBR927) to acquire Milacron Holdings(NYSE: MCRN), which manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry, as well as fluid technologies and processing systems, for about $2 billion cash and stock, includes net debt of approximately $686 million, to close in 1Q20. $HI PR link.

Tower Intl(PBR952) to be acquired by private equity firm KPS Capital Partners portfolio company Autokiniton Global Group, a leading North American supplier of metal-formed components and complex assemblies to the automotive industry, for $31/share, around $900 million cash, a 70% premium to Tower’s 07/11/19 closing stock price, includes debt and pension related liabilities, to close by 10/31/19. $TOWR PR link.

Fred’s(PBR983 $FRED) to close another 129 retail stores, has closed over 300 stores, will have 80 left. MarketWatch PR link.

The US Dept of Labor says the US Preliminary June 2019 Producer Price Index Total Final Monthly Demand was +0.1%, May 2019 was +0.1%, April 2019 +0.2%, June 2018 +0.3%; June 2019 Total Last 12 Months was at +1.7%, May 2019 +1.8%, April 2019 +2.2%, June 2018 +3.3%. USDOL PR link.

***Thursday, July 11:

Amazon(PBR5) to invest $700 million for upskill training for 100,000 of its US employees, a third of its US employees, by 2025. $AMZN PR link.

Kroger(PBR20) and Ocado (LSE: OCDO), one of the world’s largest dedicated online grocery retailers, to build its 2nd of 20 planned new high-tech customer fulfillment centers, to be in Forest Park, GA, a $55 million investment, will create 400+ new jobs, to be operational in 2021. $KR PR link.

Colgate-Palmolive(PBR198) to acquire the global anti-aging skin care brand focused primarily on facial care Laboratoires Filorga Cosmétiques (Filorga) Skin Care Business for an equity purchase price of approximately $1.690 billion, to close in 3Q19. $CL PR link.

Agilent Technologies(PBR533) to acquire privately-owned global designer, manufacturer and distributor of life science instrumentation BioTek Instruments for $1.165 billion, to close by 10/31/19. $A PR link.

Crane(PBR688 $CR) cash tender offer to to acquire CIRCOR International(NYSE: CIR) from $45/share to $48/share is rejected by CIRCOR, says it substantially undervalues the company and is low-value, highly conditional and opportunistic. CIRCOR PR link.

Kennametal(PBR840) to close facilities in Essen and Lichtenau as well as its distribution center in Neunkirchen, all in Germany, also to close its manufacturing facility in Irwin, PA, part of restructuring program, is also planning modernization investments in other Kennametal locations in Germany. $KMT PR link.

Babcock & Wilcox(PBR1000) to do 1:10 reverse stock split, effective at market opening on 07/24/19, will allow BW to regain compliance with the NYSE’s continued minimum price per share listing standards, common stock symbol to remain BW. $BW PR link.

Gilead Sciences(PBR132) hires Christi Shaw as CEO of its Santa Monica, CA based cancer immunotherapies biopharmaceutical company Kite. $GILD PR link.

The US Dept of Treasury says the June 2019 Federal Government Receipts were $334.0 billion, Outlays $342.4 billion, for a Deficit of $8.5 billion; YTD(9 months) Receipts were $2.609 trillion, YTD Outlays $3.356 trillion, YTD Deficit $747.1 billion, June 2018 YTD Deficitwas $607.1 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary June 2019 Average Current Earnings/Hour is at $27.90, Average Hours Worked/Week at 34.4, for an Average Weekly Wage of $959.76, +0.2% from May 2019, +2.8% from June 2018. USDOL PR link.

The US Dept of Labor says the US June 2019 Consumer Price Index-All Items is at +0.1%, May 2019 was at +0.1%, April +0.3%, June 2018 +0.1%, Last 12 Months(Unadjusted) +1.6%. USDOL PR link.

***Wednesday, July 10:

Arthur J Gallagher(PBR428) acquires Bartonville, TX based BluePeak Advisors, assists health plans, employers, pharmacy benefit managers, pharmaceutical companies and other health care alliance companies with Medicare and Medicaid operational and compliance issues across the US, terms not disclosed. $AJG PR link.

American Eagle Outfitters(PBR610) authorizes additional 30 million shares repurchase program, balance is now around 37.4 million shares, expires 02/03/24, stock price closed at $16.70 on 07/10/19. $AEO PR link.

Brinker Intl(PBR713) enters into a letter of intent to acquire 116 Chili’s® Grill & Bar restaurants, with annual revenues of around $300 million, from its 14-year franchisee, ERJ Dining, terms not disclosed, to close by 09/30/19. $EAT PR link.

Hill-Rom(PBR760) to sell certain surgical consumable products and related assets to an affiliate of Audax Private Equity for $170 million cash, to close by 09/30/19. $HRC PR link.

KKR(PBR834) to sell majority stake in Europe based 50,000 employees in 35 countries and enterprise value of around $2.7 billion Webhelp to Groupe Bruxelles Lambert, to close in 4Q19. $KKR PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Wholesale Sales-Durables was at $242.0 billion, Non-Durables$261.4 billion, Total $503.4 billion, +0.1% from April 2019, +0.4% from May 2018. USDOC PR link.

The Federal Open Market Committee Minutes for the 06/18-19/19 Meeting are released. “With regard to the outlook for monetary policy beyond this meeting, nearly all participants had revised down their assessment of the appropriate path for the federal funds rate over the projection period in their SEP submissions, and some had marked down their estimates of the longer-run normal level of the funds rate as well.” FOMC PR link.

***Tuesday, July 9:

Apple(PBR3) upgrades MacBook Air with student price of $999 and MacBook Pro for student price of $1,199. $AAPL PR link.

Alphabet(PBR15)’s Google Cloud unit to acquire provider of scalable, enterprise file storage for the cloud Elastifile, terms not disclosed. $GOOG PR link.

IBM(PBR37) completes $190.00/share, $34 billion acquisition of global open source cloud software provider Red Hat(PBR686). $IBM PR link.

Cisco(PBR61) to acquire designer and manufacturer of high-speed, optical interconnect technologies Acacia Communications for $70.00/share, around $2.6 billion cash, to close by 07/31/20. $CSCO PR link.

T-Mobile US(PBR68 $TMUS) to replace Red Hat(PBR686), acquired today by IBM(PBR37), on the S&P 500 Index starting 07/15/19. S&P Dow Jones Indices PR link.

Macy’s(PBR113) collaborates with Dick’s Sporting Goods(PBR350) and Scotts Miracle-Gro(PBR796) to unveil its second experiential concept: Outdoor STORY within 36 Macy’s stores, through 09/19. $M PR link.

Marriott Intl(PBR146) to be fined $124 million for the Starwood data breach announced on 11/30/18 according to the UK Information Commissioner’s Office, Marriott to respond and vigorously defend its position. $MAR PR link.

Alliance Data(PBR380) authorizes new $1.1 billion share repurchase program through 06/30/20, previous authorization has been used up. $ADS PR link.

Tetra Tech(PBR744) completes 55 pence/share acquisition of UK-based 30 locations globally 1,600 employees consulting and engineering firm focused on water, environment and infrastructure services WYG plc(LSE: WYG). $TTEK PR link.

Northrop Grumman(PBR101) elects President/CEO Kathy J. Warden to also be its Chairman, effective 08/01/19, Chairman Wes Bush to retire from Board on 07/31/19. $NOC PR link.

The US Dept of Labor says the US Preliminary May 2019 Total Job Openings-Private were at 6,640,000, Government 683,000, Total7,323,000, -0.7% from April 2019, +2.8% from May 2018. USDOJ PR link.

CoreLogic says the US April 2019 Housing Mortgages 30 or More Days Delinquent was at 3.6%, March 2019 was at 4.0%, April 2018 4.3%. “The continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.” CoreLogic PR link.

***Monday, July 8:

CBRE(PBR141) acquires longtime 100 professionals, 5.5 million sf portfolio, greater Omaha, NE, affiliate CBRE/MEGA, terms not disclosed. $CBRE PR link.

Group 1 Automotive(PBR261) enters New Mexico market with acquisition of only BMW/MINI dealerships in the state in Albuquerque and Santa Fe, includes BMW Motorrad franchises, its first dealership for motorcycles. $GPI PR link.

TreeHouse Foods(PBR479) to sell its Snacks Division, to generate around $670 million in revenues in 2019, to 17,000 employees in 150 locations worldwide Atlas Holdings for $90 million. $THS PR link.

Perrigo(PBR541) completes divestiture of its Animal Health business to PetIQ (NASDAQ: PETQ) for $185 million. $PRGO PR link.

Ashland(PBR641) sale of its Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises for $1.1 billion to close in late summer 2019, has been amended to exclude maleic business. $ASH PR link.

Crane(PBR688) increases cash tender offer to to acquire CIRCOR International(NYSE: CIR)from $45/share to $48/share, a 57% premium over the undisturbed market close on 05/20/19, extends the Offer and withdrawal rights until midnight, New York City time, on 07/19/19. $CR PR link.

Vista Outdoor(PBR883) sells its Savage Arms and Stevens firearms brands to a financial buyer for $170 million. $VSTO PR link.

The US Federal Reserve says the US Preliminary May 2019 Total Consumer Debt-Revolving is at $1.072 trillion, Non-Revolving$3.016 trillion, Total $4.088 trillion, +0.4% from April 2019, +2.0% YTD(5 months), +5.0% from May 2018. USFed PR link.

FannieMae(PBR21) says the US June 2019 Home Purchase Sentiment Index is at 91.5, May 2019 was at 92.0, April 2019 88.3, June 2018 90.7. “Growing expectations that mortgage rates will remain steady suggest improved stability for housing affordability and helped keep the HPSI relatively flat this month, despite modest declines in other components…” $FNMA PR link.

***Friday, July 5:

The PBRMarketTools US Stock Exchanges Recap for Week 27 of 2019 ending 07/05/19:

DJIA ends Week 27 at 26,922.12, +1.21% from last Friday/MTD/QTD, +15.41% YTD, -0.16% from record 26,966.00 set 07/03/19.

NASDAQ ends Week 27 at 8,161.79, +1.94% from last Friday/MTD/QTD, +23.01% YTD, -0.10% from record 8,170.23 set 07/03/19.

SPX ends Week 27 at 2,990.41, +1.65% from last Friday/MTD/QTD, +19.29% YTD, -0.18% from record 2,995.82 set 07/03/19.

The Week 27 YTD tally is:
The Stock Market Bull: 14 weeks
The Stock Market Bear: 7 weeks
Mixed Results: 6 weeks

The Week 27 News Summary: On the international front President Trump and China’s Chairman Xi agreed to re-open trade talks, President Trump met N Korea’s leader Kim Jong-un at the N/S Korea DMZ, briefly crossed into N Korea, than had a casual conversation in S Korea, during which they agreed to re-open talks about eliminating N Korea’s nuclear weapons. ADP issued a weak jobs report, but on Friday the US Dept of Labor issued a much stronger jobs report. As a result there are concerns the Federal Reserve may not cut short term federal funds rates. Thursday was a day off for the US stock exchanges in celebration of Independence Day. President Trump presided over a gathering honoring the various US Armed Forces. The Stock Market Bull had such a strong start to the week, including records on all 3 major US exchanges on 07/03/19, that he took not only Thursday off, but Friday as well, and The Stock Market Bear took advantage. But The Stock Market Bull easily won Week 27 3-0 to start the 2nd half of 2019.

Carlyle Group(PBR830) and Bain Capital Private Equity joint venture to launch a voluntary public takeover offer to all shareholders of OSRAM Licht AG, a global lighting technology group, offering a wide portfolio of lighting and photonics products deployed in automotive, industry, mobile and infrastructure end market applications, for around $39.80/share, a 27.7% premium over the last month, $3.87 billion equity value, Management and Supervisory Board of OSRAM fully support the offer. $CG PR link.

The US Dept of Labor says the US June 2019 Civilian Employment is at 157,005,000, +247,000 from May 2019, +1,413,000 from June 2018. June 2019 Unemployment is at 5,975,000 people, +88,000 from May 2019, -561.000 from June 2018, June 2019 Unemployment Rate is at 3.7%, May 2019 was at 3.6%, June 2018 4.0%. USDOL PR link.

***Thursday, July 4:

***US Independence Day.
***US Stock Exchanges Closed.
***”We hold these truths to be self-evident…”
***Remembering the hopes and dreams
***of our forefathers.

***Wednesday, July 3:

CBRE(PBR141)’s Trammell Crow unit to acquire London, UK based multifamily residential properties developer with $1.66 billion in projects in the pipeline Telford Homes Plc (AIM:TEF) for $4.41/share, $336.9 million cash, to close in 3Q19. $CBRE PR link.

Beacon Roofing(PBR450) hires Julian G. Francis as President /CEO and to Its Board, to be effective on or about 09/01/19. $BECN PR link.

The US Dept of Commerce says the US Preliminary May 2019 International Trade Exports were at $210.6 billion, Imports $266.2 billion, for a May 2019 Deficit of $55.6 billion, April 2019 was at $51.3 billion, May 2018 $44.3 billion; YTD(5 months) Exports were at $1.045 trillion, YTD Imports $1.307 trillion, YTD Deficit$261.5 billion, May 2018 YTD Deficit was $246.3 billion. USDOC PR link.

The US Dept of Commerce says the US Preliminary May 2019 Manufacturers New Orders-Durable Goods was at $243.5 billion, Non-Durable Goods $250.1 billion, Total$493.6 billion, -0.7% from April 2019, -1.0% from May 2018; Total New Orders 2019 YTD(5 months) is at $2.491 trillion, +1.1% from 2018 YTD. USDOC PR link.

ADP(PBR235) says the US Preliminary June 2019 Change in Private Sector Employmentwas -23,000 from Small Businesses(1-49 employees), +60,000 from Mid-Size Businesses(50-499), and +65,000 from Large Businesses(500 or more), Total +102,000, +148.8% from May 2019, -53.9% from June 2018. $ADP PR link.

The Institute for Supply Management says the US June 2019 Non-Manufacturing Index(>50% economy growing) is at 55.1%, May 2019 was at 56.9%, April 2019 55.5%, June 2018 58.7%. “Although the non-manufacturing sector’s growth rate dipped in June, the sector continues to reflect strength. The comments from the respondents reflect mixed sentiment about business conditions and the overall economy. A degree of uncertainty exists due to trade and tariffs.” ISM PR link.

IHS Markit says the US June 2019 Composite PMI Output Index is at 51.5, May 2019 was at 50.9, April 2019 53.0, June 2018 56.2. IHS Markit PR link.

Automotive News says US June 2019 Light Vehicle Sales were at 1,513,574 vehicles, -2.6% from June 2018; Average Transaction Pricewas at $34,036, +3.1% from June 2018. Automotive News PR link.

***Tuesday, July 2:

NGL Energy(PBR119) completes $890 million acquisition of all of the assets of Mesquite Disposals Unlimited, combines them with NGL’s Water Solutions business. $NGL PR link.

UGI Corp(PBR388) Energy Services subsidiary to acquire Columbia Midstream Group of a subsidiary of TC Energy Corporation (NYSE: TRP) for around $1.275 billion, operations primarily in the Appalachian Basin, to close in 4Q19. $UGI PR link.

Alliance Data(PBR380) completes $4.4 billion sale of its 8,000 associates in 87 offices worldwide brand marketing Epsilon business to France based global marketing, communication, and digital transformation provider Publicis Groupe. $ADS PR link.

NCR(PBR414) has acquired online and mobile banking for the Large Financial Institution market provider D3 Technology, terms not disclosed. $NCR PR link.

Perrigo(PBR541) completes $750 million acquisition of privately-held largest private label oral care company globally with 650 employees and $287 million in revenues in 2018 Ranir Global Holdings. $PRGO PR link.

The PurdueU/CME Group June 2019 Ag Economy Barometer Composite Index is at 126, May 2019 was at 101, April 2019 115, June 2018 143. PurdueU PR link.

***Monday, July 1:

Bristol-Myers Squibb(PBR131) completes $1.6 billion sale of French pharmaceutical company UPSA consumer health business to Japan based Taisho Pharmaceutical Co. $BMY PR link.

Whirlpool(PBR143) completes $1.08 billion sale of its manufacturer of hermetic compressors for refrigeration Embraco to Kyoto, Japan-based Nidec Corporation. $WHR PR link.

Performance Food(PBR169) to acquire Rosemont, IL based $6+ billion in annual net revenues second largest privately held US foodservice distributor Reinhart Foodservicefrom Reyes Holdings for $2.0 billion, to close by end of 2019. $PFGC PR link.

Applied Materials(PBR174) to acquire Tokyo, Japan based provider of high-productivity batch processing systems and services for memory, foundry and logic Kokusai Electric from from global investment firm KKR(PBR834) for $2.2 billion cash, to close within 12 months. $AMAT PR link.

Jones Lang LaSalle(PBR184) completes $49.16/share stock & cash deal with enterprise value of $2 billion acquisition of commercial real estate capital markets intermediary provider HFF(NYSE: HF). $JLL PR link.

Coty(PBR326) announces 4 year Turnaround Plan to drive substantial improvement in Consumer Beauty while also further optimizing Luxury and Professional Beauty, changes on the executive team effective 01/01/20, $600 restructuring charge over the 4 years. $COTY PR link.

Genworth Financial(PBR339) sale to China Oceanwide for $5.43/share, $2.7 billion cash close extended from 06/30/19 to 11/30/19, the 11th waiver, to get additional US, China, Canada and other regulatory approvals, also looking at possible sale of Genworth MI Canada to speed up the approval process. $GNW PR link.

Frontier Communications(PBR345) adopts a shareholder rights plan designed to protect the availability of Frontier’s net operating loss carryforwards. $FTR PR link.

Berry Global(PBR379) completes $6.5 billion acquisition, includes $2.2 billion debt, of RPC Group plc, creates a leading global supplier of valued-added protective solutions and one of the world’s largest plastic packaging companies with $13 billion in annual revenues. $BERY PR link.

H&R Block(PBR711) completes $405 million acquisition of Toronto, Ontario based 400,000 small businesses globally monthly financial solutions platform provider Wave Financial. $HRB PR link.

Blackstone(PBR424) completes conversion from a publicly traded partnership to a corporation. $BX PR link.

Cedar Fair(PBR977) completes $261 million acquisition of Schlitterbahn Waterparks and Resorts in New Braunfels, TX, and Galveston, TX, includes right to acquire an additional 40 acre property in Kansas City, KS, for $6 million cash for future development. $FUN PR link.

The US Dept of Commerce/Census says the US Preliminary May 2019 Construction Spending Annual Rate-Residential is at $505.4 billion, Non-Residential $788.5, Total Construction Spending $1.294 trillion, -0.8% from April 2019, -2.3% from May 2018. USDOC PR link.

The Institute for Supply Management says the US June 2019 Manufacturing PMI Index(>50=Economy expanding) is at 51.7%, May 2019 was at 52.1%, April 2019 52.8%, June 2018 60.2%. “Respondents expressed concern about U.S.-China trade turbulence, potential Mexico trade actions and the global economy. Overall, sentiment this month is evenly mixed… ” ISM PR link.

IHS Markit says the US June 2019 Manufacturing PMI Index is at 50.6, May 2019 was at 50.5, April 2019 52.6, June 2018 55.4. IHS Markit PR link.

***Friday, June 28:

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

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

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

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

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

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

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

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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, Economy, Investing, Leadership, Market Research, mergers, Money, Personal Finance, Rankings, Sales, Snapshots, Spotlight, 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

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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.

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PBRMarketTools.com provides news, data, and analysis on 1,000 of the largest publicly held companies with primary operations in the US. The data and analysis is included in The PBR1000 Monthly Snapshots, an MS-Excel workbook with 15 snapshot worksheets, 27 rankings, and over 200 fields of data and information on each company. Click here to find out more!

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

The PBR1000 May 2019 Stocks & Commodities Snapshots

June 4, 2019 by admin

May 2019 The PBR1000: A The Stock Market Bear of a Month

The Stock Market gets his first month of 2019. As a reward would he prefer a beehive full of honey or a potful of the money lost?

By Larry C. Paxton

The May 2019 US Stock Exchanges Summary: It has become the neverending story, international trade, as US/China trade negotiations are bogged down, Mexico has been threatened with tariffs to force it to become part of the illegal immigration drama. The UK Brexit situation is up in the air with Prime Minister May resigning her post. With sanctions on China’s technology behemoth Huawei the US tech sector took some hits. The US economy is still proceeding at a slower moderate pace with concerns it might be slowing further and the word “recession” is popping up more frequently. With all that The Stock Market Bear easily won all weeks in May to take his first monthly victory in a big way and severely and convincingly gouging The Stock Market Bull into submission.

The Month 5 YTD tally is:
The Stock Market Bull: 4 months
The Stock Market Bear: 1 month
Mixed Results: 0 months

The May 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 0, NASDAQ 1(05/03/19), SPX 0

Longest Gain Streak(Consecutive Days): DJIA, NASDAQ, and SPX 3 days(05/14-16 /19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(05/06-07, 17-20, 28-29/19), NASDAQ and SPX 4 days(05/06-09/19)

Big Swing Up Days(>1.00%): 4 days (05/03/19(N 1.58%), 05/14/19(N +1.14%), 05/15/19(N +1.13%), 05/21/19(N +1.08%))

Big Swing Down Days(<-1.00%): 6 days (05/07/19(D -1.79%, N -1.96%, S -1.65%), 05/13/19(D -2.38%, N -3.41%, S -2.41%), 05/17/19(N -1.04%), 05/20/19(N -1.46%), 05/23/19(D -1.11%, N -1.58%, S -1.19%), 05/31/19(D -1.41%, N -1.51%, S -1.22%))

The PBR1000 May 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 May 2019 Snapshots. The price for stocks is for the close of trading on May 31, 2019, Month % Chg is compared to April 30, 2019, YTD % Chg is compared to December 31, 2018, and the 17 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 May 2019 edition with the complete 15 Snapshots and 27 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 +23% to -73%. 176 out of 998 stocks were up 0% or more. The average was a loss of 6.54%, the median was a loss of 8.06%. The DJIA was -6.69%, NASDAQ -7.93%, SPX -6.58%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Sprint	88	S	$ 6.87	+23	+18	+17
FannieMae	21	FNMA	$ 3.05	+23	+188	+15
Babcock & Wilcox	1000	BW	$ 0.43	+23	+10	-92
Calumet Specialty	667	CLMT	$ 4.25	+23	+92	-45
FreddieMac	39	FMCC	$ 2.93	+22	+179	+16

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

Table 2 Summary: The range was +241% to -91%. 675 out of 997 stocks were up 0% or more. The average was a gain of 11.08%, the median was a gain of 8.51%. The DJIA was +6.38%, NASDAQ +12.33%, SPX +9.78%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Diebold Nixdorf	555	DBD	$ 8.50	-16	+241	-48
FannieMae	21	FNMA	$ 3.05	+23	+188	+15
FreddieMac	39	FMCC	$ 2.93	+22	+179	+16
Avon Products	491	AVP	$ 3.76	+18	+147	+75
Ferrellgas	880	FGP	$ 1.17	-6	+117	-73

Table 3(S13): The PBR1000 Top 5 17 Months Stock Price % Gainers

Table 3 Summary: The range was +167% to -98%. 377 out of 996 stocks were up 0% or more. The average was a loss of 0.65%. The median was a loss of 7.43%. The DJIA was +0.39%, NASDAQ +7.96%, SPX +2.93%.

Company	PBR Rank	Symbol	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
AMD	444	AMD	$ 27.41	-1	+48	+167
SeaWorld	973	SEAS	$ 32.00	+20	+45	+136
Chipotle	536	CMG	$ 659.97	-4	+53	+128
Rent-A-Center	798	RCII	$ 23.86	-4	+47	+115
BlueLinx	758	BXC	$ 20.09	-22	-19	+106

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

Table 4 Summary: The range was $963 billion to $0.01 billion. The average is $26.383 billion, median is $7.43 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
Microsoft	25	MSFT	$ 963 B	-3	+25	+46
Amazon	5	AMZN	$ 894 B	-6	+24	+61
Apple	3	AAPL	$ 820 B	-15	+11	-6
Alphabet	15	GOOG	$ 777 B	-13	+8	+7
Facebook	55	FB	$ 522 B	-6	+36	+2
The PBR1000			$ 26,383 B	-5	+11	+2

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

Company	Price 05/31/19	Mo % Chg	YTD % Chg	17 Mos % Chg
The PBR1000	85,835.32	-6.5	+11.1	-0.7
DJIA	24,815.04	-6.7	+6.4	+0.4
NASDAQ	7,453.15	-7.9	+12.3	+8.0
S&P500	2,752.06	-6.6	+9.8	+2.9
GOLD	1,311.10	+2.0	+2.1	+0.5
SILVER	14.57	-2.8	-6.4	-14.2
OIL	53.50	-16.3	+16.8	-11.0

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PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $14 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 27 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.

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

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

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

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

Welcome to the 2nd Half of 2019 for The PBR1000!

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

May 2019 The PBR1000: A The Stock Market Bear of a Month

The May 2019 US Major Stock Market Exchanges Summary

The PBR1000 May 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 17 Months Stock Price % Gainers

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

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

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