The Week 24 of 2021 US Stock Market and News Recap

June 18, 2021 by

The Week 24 of 2021 US Stock Market and News Recap

Stock Market Bear Bull Investing Recap

Week 24 started with The Stock Market Bull achieving new record highs for the NASDAQ and S&P500. It was downhill from there. The Stock Market Bear gets a 3-0 win, his first outright win since Week 19.

By Larry C. Paxton

US Stock Market Indices Summary
Week 24 of 2021 Ending 06/18/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(03/31/21 32,981.55 13,246.87 3,972.89
Previous Month Close(05/28/21) 34,529.45 13,748.74 4,204.11
Record Close Date 05/07/21 06/14/21 06/14/21
Record Close 34,777.76 14,174.14 4,255.15
Week 23 Close 34,479.60 14,069.42 4,247.44
Week 24 Close 33,290.08 14,030.38 4,166.45
Percent Change-Week -3.45% -0.28% -1.91%
Percent Change-Month -3.59% 2.05% -0.90%
Percent Change-Quarter 0.94% 5.91% 4.87%
Percent Change-YTD 8.77% 8.86% 10.93%
Percent Change-Record -4.28% -1.01% -2.08%

The Stock Market Bull and Bear Tallies YTD
Week 24 Winner and Tally  Bear 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 10 3 Ahead
The Stock Market Bear 8 0
Mixed Result 6 2
  Totals 24 5

The US Stock Market Week 24 Summary:

On Monday The Stock Market Bull took charge and established new record highs on the NASDAQ and S&P500. Proud of his achievement he decided to take the rest of the week off. The Stock Market Bear takes all 5 days on the DJIA, 3 days on the NASDAQ, 4 days on the S&P500, and ends up with a Week 24 3-0 win, his first outright victory since Week 19.

Week 24 News Summary:

Coronavirus Pandemic: 

  • As of today, Friday, 06/18/21, at 1:22PM Eastern US, the John Hopkins University CSSE unit says there are now 177,586,893 confirmed cases globally with 3,845,031 deaths, +68,698 from last week, which is -2,435 from the prior week. For the US it is 33,517,146 confirmed cases and 601,239 deaths, +2,156 from last week, which is -17 from the prior week. In the US the push is still being made to have at least 70% of the target population have at least 1 shot by July 4th, which still appears to be achievable. Vaccines are readily available through several of the usual sources across the US. Quite a few states are offering a variety of incentives and rewards to get vaccinated. More doses are being acquired for distribution to underserved populations worldwide, but there are often logistical issues, concerns about the special conditions required to keep the vaccines viable, and using the vaccines before expiration dates.

US Federal Government:

  • US President Biden returns from his 6 day trip to Europe for the G-7 gathering, his meeting with Russia President Putin, and discussions with other world leaders. More in the International section.
  • US President Biden signs the Juneteenth Act creating June 19 as a federal holiday. More in the Society section.
  • The infrastructure development plan continues to be discussed and more options are being proposed. Senator Bernie Sanders proposes an even larger bill of around $6 trillion that will include healthcare and other national items as well.

US Economy: 

  • Friday, June 18, 2021:
  • Juneteenth Federal holiday
  • No economic news releases.

 

  • Thursday, June 17, 2021:
  • The US Dept of Labor says the 1Q21 US Employer Average Cost/Employee Hour-Wages is at $26.84, Benefits $12.18, for 1Q21 US Employer Total Average Cost/Employee Hour of $39.02, 4Q20 was at $38.60, 3Q20 $38.26, 1Q20 $37.73.
  • The US Federal Reserve Bank of Philadelphia says the June 2021 3rd District Manufacturing General Activity Indicator is at 30.7, May 2021 was at 31.5, April 2021 50.2, June 2020 24.7. “Responses … suggest continued expansion in regional manufacturing conditions this month. The survey’s future indexes indicate that respondents expect growth over the remainder of the year.”
  • The Conference Board says the Preliminary May 2021 Leading Economic Index(2016=100) is at 114.5, April 2021 was at 113.2, March 2021 111.9. “After another large improvement in May, the U.S. LEI now stands above its previous peak reached in January 2020 (112.0), suggesting that strong economic growth will continue in the near term…”

 

  • Wednesday, June 16, 2021:
  • The US Federal Open Market Committee releases its statement for its meetings held 06/15-16/21, decides to keep the federal funds rate at 0.00-0.25%, “will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee’s maximum employment and price stability goals.”
  • The US Dept of Commerce/HUD says the Preliminary May 2021 US Home Building Permits Issued Annual Rate is at 1,681,000, April 2021 was at 1,733.000, March 2021 1,755,000, May 2020 1,246,000.
  • The US Dept of Labor says the Preliminary May 2021 US Import Prices Monthly Change is at +1.1%, Exports +2.2%, Imports Last 12 Months +11.3%, Exports Last 12 Months +17.4%.

 

  • Tuesday, June 15, 2021:
  • The US Dept of Labor says the Preliminary May 2021 US Final Demand Producer Price Index is at +0.8%, April 2021 was at +0.6%, March 2021 +1.0%, May 2020 +0.4%; May 2021 Last 12 Months is at +6.6%, April 2021 +6.2%, March 2021 +4.2%, May 2020 -1.1%.
  • The US Federal Reserve Board says the Preliminary May 2021 US Factories Capacity Utilization is at 75.2%, April 2021 was at 74.6%, March 2021 74.6%, May 2020 64.8%.
  • The US Dept of Commerce/Census says the Preliminary April 2021 US Sales-Manufacturers is at $487.8 billion, Retail $562.6 billion, Wholesalers $570.8 billion, for April 2021 US Sales-Total at $1,621.1 billion, March 2021 was at $1,611.9 billion, February 2021 $1,549.9, April 2020 $1,158.0.
  • The Natl Assn of Home Builders/Wells Fargo Preliminary June 2021 US Housing Market Index is at 81, May 2021 was at 83, April 2021 83, June 2020 58. “Despite the monthly decline, the reading above 80 is still a signal of strong demand in a housing market lacking inventory… Higher costs and declining availability for softwood lumber and other building materials pushed down builder sentiment in June.”
  • The US Federal Reserve Bank of New York says the June 2021 US Empire State Manufacturing General Business Conditions Index is at +17.4, May 2021 was at +24.3, April 2021 +26.3, June 2020 -0.2. “Business activity continued to expand in New York State, though at a slower pace than last month… firms remained optimistic that conditions would improve over the next six months…”

 

  • Monday, June 14, 2021:
  • No US economic news released.

Corporate News: 

  • Friday, June 18, 2021:
  • Boeing(PBR55 $BA) successfully completes its first test flight of the 737-10, the largest airplane in its 737 MAX line.

 

  • Thursday, June 17, 2021:
  • Danaher(PBR127 $DHR) to acquire privately-held Fargo, ND based 600 employees Aldevron, a manufacturer of high-quality plasmid DNA, mRNA, and proteins, for approximately $9.6 billion cash.
  • Fox Corp(PBR240 $FOX) authorizes incremental stock repurchases of up to an additional $2 billion of Class A common stock and Class B common stock, total stock repurchase authorization is now $4 billion of which more than $1.56 billion has been completed to date.
  • Pilgrim’s Pride(PBR244 $PPC) to acquire the Meats and Meals business of Kerry Consumer Foods in the UK for around $952 million, to close in 4Q21.
  • Alexandria Real Estate(PBR881 $ARE) says it has closed on its public offering of 7 million shares of common stock at $184.00/share.
  • Viavi Solutions(PBR988 $VIAV) proposal to qcquire Canada based EXFO(TSX: EXF, NASDAQ: EXFO), in the communications test and measurement industry, for $7.50/share, around $430 million, 103% to the NASDAQ closing price on 06/04/21, has been rejected by EXFO.
  • Microsoft(PBR15 $MSFT) CEO Satya Nadella unanimously elected to also be Chairman, Chairman John W. Thompson now Lead Independent Director.

 

  • Wednesday, June 16, 2021:
  • Tenet Healthcare(PBR162) to sell five hospitals and related hospital operations in the Miami-Dade and Southern Broward counties to Steward Health Care System for around $1.1 billion, to close in 3Q21.
  • Elanco Animal Health(PBR670 $ELAN) to acquire KindredBio(NASDAQ: KIN), a biopharmaceutical company focused on developing novel pet therapeutics based on validated human targets, for $9.25/share, around $440 million, to close in 3Q21.
  • Viavi Solutions(PBR988) proposes to acquire Canada based EXFO(TSX: EXF, NASDAQ: EXFO), in the communications test and measurement industry, for $7.50/share, around $430 million, 103% to the NASDAQ closing price on 06/04/21.

 

  • Tuesday, June 15, 2021:
  • Lithia Motors(PBR225 $LAD) has acquired the Southwest Kia Auto Group with five locations in the major metropolitan markets of Austin and Dallas, TX, to add $350 million in annual revenues.

 

  • Monday, June 14, 2021:
  • No corporate releases of interest.

 

US Society:

  • US President Biden signs the Juneteenth Act to observe the end of US slavery, commemorating June 19, 1865, as the day in Galveston, Texas when the news of emancipation was finally announced in the deepest parts of the Confederacy.

International News: 

  • The G-7 meeting in England finishes up with US President Biden urging competition with China.
  • In Geneva US President Biden met with Russia President Putin, expressed his concern about Russian cybersecurity hackers, presented a list of “off limits” infrastructure targets. Other issues were addressed, no decisions were made, but starting points for further discussions were created.
  • N Korea leader Kim Jong-un says he is ready for dialogue and confrontation with the US, admits facing a tense food shortage.
  • Israel has a new leader, Naftali Bennett, succeeding long time leader Benjamin Netanyahu who continues to face legal issues, but the coalition that succeeded in the ouster is fragile.
  • China launches its first crew to its space station.

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The PBR1000 May 2021 Snapshots Analytics

June 18, 2021 by

The PBR1000 May 2021 Snapshots Analytics

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

PBRMarketTools reviews summaries from the most recently released The PBR1000 Snapshots and those from a year earlier and produces some analytics to help understand what is happening in this unique set of companies. This is the May 2021 edition.

 

The PBR1000 Snapshots May 2021 Analytics Summary

Financials
Year End Month May 2020 May 2021
Total Revenues(Trillions) $ 15.458 $ 14.941
  Percent Change in Revenues -3.34%
Total Profits(Trillions) $ 1.316 $ 0.819
  Average Profits to Revenues 8.51% 5.48%
Average Earnings Per Share $4.32 $1.96
  Percent Change -54.62%
Assets(Trillions) $ 45.127 $ 53.321
Equity(Trillions) $ 8.834 $ 9.664
Equity/Assets 19.58% 18.12%
Companies Paying Dividends 719 699
  Total Annual Dividends  $ 1,255.45  $ 1,177.98
  Average Annual Dividend/Company  $ 1.7461  $ 1.6852
  Percent Change -3.49%

Stock Prices
The PBR1000 Stock Prices Index  $ 89,312.64  $ 132,482.42
  12 Months Percent Change 2.97% 48.34%
  DJIA 2.29% 36.03%
  NASDAQ 27.33% 44.88%
  S&P500 10.62% 38.10%

Market Capitalization
Total Market Capitalization(Trillions) $ 28.329 $ 41.125
  Percent Change 45.17%

Analyst Estimates
Number of Analyst Estimates 14,818 15,183
Number of Companies by Weighted Estimate
  Buy (>4.50 to 5.00) 120 158
  Overweight (>3.50 to 4.50) 544 574
  Hold (>2.50 to 3.50) 297 239
  Underweight (>1.50 to 2.50) 26 26
  Sell (1.00 to 1.50) 7 2
  No Estimate 6 1
    Totals 1,000 1,000
  Average Weighted Estimate 3.84 3.95

Some observations:

Revenues: Retailers, hospitality, and travel related industries were significantly adversely affected. On the other hand e-commerce, communications technologies, and healthcare industries were beneficiaries. The bottom line is that revenues fell only 3.34% from the 12 months ending May 2021. But profits, earnings per share, and to some extent dividends were significantly impacted. While there were negative and positive shifts in revenues, the bottom line is that it was almost a wash. Of course, these numbers and analytics reflect The PBR1000, the largest publicly held corporations in the US. Smaller businesses certainly were much more affected.

Stock Market: The stock market, which was in a long term bull market, took some big hits at the beginning of the pandemic. But as the analytics show, the recovery was also very dramatic, one of the best years for equities investors. The Average Weighted Analyst Estimates shows an uptick and there was a nice growth in number of Buy stocks.

Some Conclusions:

There was a shift and rebalancing of revenues in The PBR1000, with the total affect much less dramatic than for most smaller and midsize businesses.

The initial panic over the pandemic had a big effect on the stock market, but it recovered quite nicely. As industries that were the most negatively affected recover there should continue to be significant growth opportunities as the “new normal” sets in, the economy should have robust growth, and The Stock Market Bull should continue to dominate.

PBRMarketTools Info:

If you are not a current The PBR1000 or The PBR25 Subscriber go to the Subscribe page for more information and to get our latest research and monthly snapshots.

Please use the Contact Us page if you are not on our email list or have questions about The PBR1000, The PBR25 Top Buy Stocks, The PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

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

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

Disclaimers: The PBR1000 is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself and the analytics that are derived from them. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide research, analytics and information only which should not be regarded as recommendations or advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This The PBR1000 business intelligence report is provided by: 

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The Week 23 of 2021 US Stock Market and News Recap

June 11, 2021 by

The Week 23 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000

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

By Larry C. Paxton

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

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

The US Stock Market Week 23 Summary:

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

Week 23 News Summary:

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

US Federal Government:

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

US Economy: 

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

 

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

 

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

 

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

 

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

Corporate News: 

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

 

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

 

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

 

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

 

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

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

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

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The PBR1000:

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

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

This business intelligence report is provided by: 

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The PBR1000 Summary: Builders FirstSource(NASDAQ: BLDR)

June 11, 2021 by

The PBR1000 Summary:

Builders FirstSource(NASDAQ: BLDR)

BLDR Builders FirstSource PBR1000

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The PBR1000 Summary:

Builders FirstSource(NASDAQ: BLDR)

Business Description: “Builders FirstSource is the largest U.S supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. We provide customers with an integrated homebuilding solution, offering manufacturing, supply, delivery and installation of a full range of structural and related building products.”

Business Name: Builders FirstSource, Inc
Ticker: NASDAQ: BLDR
Fiscal Year Ending Month: December

BLDR Stock Price and Analyst Estimates on 09/20/21:

  • Stock Price: $52.02
  • Average 12 Month Stock Price Target: $67.86
  • Estimated 12 Month Change: +30.45%
  • Analysts Recommendation: Buy, 4.92/5.00, based on 13 estimates

Some of the 28 Current The PBR1000 Rankings for BLDR on 09/20/21:

  • 335 By Annual Revenues: $8.599 billion(12/31/20)
  • 514 By Market Capitalization: $11.04 billion(08/31/21)
  • 751 By Assets: $4.174 billion(12/31/20)
  • 292 By Employees: 26,000(12/31/20)

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

On August 30, 2021, BLDR was on The PBR25 Top Buy Stocks. To find out who else is click here!

Since 2013 PBRMarketTools.com has been providing The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors

Through The PBR1000 US Public Companies Analytics!

Disclaimers: The PBR1000 is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. PBRMarketTools.com research should not be regarded as recommendations or advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This The PBR1000 Summary is provided by: 

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved. 

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The Week 22 of 2021 US Stock Market and News Recap

June 5, 2021 by

The Week 22 of 2021 US Stock Market and News Recap

Stock Market PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

US Stock Exchanges Week 22 Summary:

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

Week 22 News Summary:

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

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

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

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

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

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

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The PBR1000:

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

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

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

This business intelligence report is provided by: 

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

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The Week 21 of 2021 US Stock Market and News Recap

May 29, 2021 by

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

stocks stock market bull bear investing PBR1000

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

By Larry C. Paxton

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

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

US Stock Exchanges Week 21 Summary:

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

Week 21 News Summary:

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

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

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

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

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

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

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The PBR1000:

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

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

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

This business intelligence report is provided by: 

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The PBR1000 Summary: Baker Hughes(NYSE: BKR)

May 26, 2021 by

The PBR1000 Summary: Baker Hughes(NYSE: BKR)

BKR BakerHughes PBR1000

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The PBR1000 Summary: Baker Hughes(NYSE: BKR)

Business Description: “Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet.”

Business Name: Baker Hughes Corporation
Ticker: NYSE: BKR
Fiscal Year Ending Month: December

Stock Price and Analyst Estimates for BKR on 08/06/21:

  • Stock Price: $21.19
  • Average 12 Month Stock Price Target: $27.63
  • Estimated 12 Month Change: +30.39%
  • Analysts Recommendation: Buy, 4.59/5.00, based on 27 estimates

Some of the 28 Current The PBR1000 Rankings for BKR as of 08/06/21:

  • 134 By Annual Revenues: $20.705 billion(12/31/20)
  • 341 By Market Capitalization: $22.14 billion(07/30/21)
  • 203 By Assets: $38.007 billion(12/31/20)
  • 149 By Employees: 55,000(12/31/20)

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

On July 30, 2021, BKR was on The PBR25 Top Buy Stocks. To find out who else is click here!

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

Empowering Astute Business Leaders and Shrewd Investors

Through The PBR1000 US Public Companies Analytics!

Disclaimers: The PBR1000 is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. PBRMarketTools.com research should not be regarded as recommendations or advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This The PBR1000 Spotlight is provided by: 

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved. 

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The Week 19 of 2021 US Stock Market and News Recap

May 14, 2021 by

The Week 19 of 2021 US Stock Market and News Recap

Stock Market Stocks Bear Bull Investing Investor Economy

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

By Larry C. Paxton

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

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

US Stock Exchanges Week 19 Summary:

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

Week 19 News Summary:

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

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

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

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

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

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

More Resources:

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

Click here to follow The PBR1000 on Twitter!

PBRMarketTools Info:

If you are not a current The PBR1000 or The PBR25 Subscriber go to the Subscribe page for more information and to get our latest research and monthly snapshots.

Please use the Contact Us page if you are not on our email list or have questions about The PBR1000, The PBR25 Top Buy Stocks, The PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

The PBR1000:

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

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

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

This business intelligence report is provided by: 

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

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved.

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The Week 18 of 2021 US Stock Market and News Recap

May 7, 2021 by

The Week 18 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000 news recap

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

By Larry C. Paxton

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

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

US Stock Exchanges Week 18 Summary:

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

Week 18 News Summary:

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

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

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

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

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

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

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The Week 17 of 2021 US Stock Market and News Recap

April 30, 2021 by

The Week 17 of 2021 US Stock Market and News Recap

stocks stockmarket bull bear PBR1000 news recap

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

By Larry C. Paxton

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

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

US Stock Exchanges Week 17 Summary:

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

Week 17 News Summary:

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

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

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

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

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

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

More Resources:

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

Click here to follow The PBR1000 on Twitter!

PBRMarketTools Info:

If you are not a current The PBR1000 or The PBR25 Subscriber go to the Subscribe page for more information and to get our latest research and monthly snapshots.

Please use the Contact Us page if you are not on our email list or have questions about The PBR1000, The PBR25 Top Buy Stocks, The PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!

The PBR1000:

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

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

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

This business intelligence report is provided by: 

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

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved.

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