The PBR1000 September 2020 Stocks & Commodities Snapshots

The PBR1000 for September 2020: The Stock Market Bear Returns

PBR1000 Recap The Stock Market Bear

The Stock Market Bull took 5 months in a row, The Stock Market Bear returns in a big and revengeful way, much to the chagrin of investors.

By Larry C. Paxton

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

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

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

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

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

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

 

The September 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 0, NASDAQ 2, SPX 2

Longest Gain Streak(Consecutive Days): DJIA 4 days(09/11-16/20), NASDAQ 4 days(08/28-09/02/20),  and SPX 3 days(09/11-15/20, 09/24-28/20)

Longest Loss Streak(Consecutive Days): DJIA 3 days(09/03-08/20, 09/17-21/20), NASDAQ 4 days(09/16-21/20), and SPX 4 days(09/16-21/20)

Big Swing Up Days(>1.00%): 9 days, 09/01/20( N +1.39%), 09/02/20(D +1.59%, S +1.54%), 09/09/20(D +1.60%, N +2.71%, S +2.01%), 09/14/20(D +1.18%, N +1.87%, S +1.27%), 09/15/20(N +1.21%), 09/22/20(N +1.71%, S +1.05%), 09/25/20(D +1.34%, N +2.26%, S +1.60%), 09/28/20(D +1.51%, N +1.87%, S +1.61%), 09/30/20(D +1.20%)

Big Swing Down Days(<-1.00%): 9 days, 09/03/20(D -2.78%, N -4.96%, S -3.51%), 09/04/20(N -1.27%), 09/08/20(D -2.25%, N -4.11%, S -2.78%), 09/10/20(D -1.45%, N -1.99%, S -1.76%), 09/16/20(N -1.25%), 09/17/20(N -1.27%), 09/18/20(N -1.07%, S -1.12%), 09/21/20(D -1.84%, S -1.16%), 09/23/20(D -1.92%, N -3.02%, S -2.37%)

The PBR1000 September 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 September 2020 Snapshots. The price for stocks is for the close of trading on September 30, 20201 Month % Chg is compared to August 31, 202012 Months % Chg is compared to September 30, 2019, and the 24 Months % Chg is compared to September 28, 2018. The PBR Rank is by annual revenues.

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

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

Table 1 Summary: The range was +69% to -64%294 out of 999 stocks were up 0% or more. The average was a loss of 2.81%, the median was a loss of 3.69%. The DJIA was -2.28%, NASDAQ -5.16%, SPX -3.92%.

Company PBR
Rank
Symbol Price
09/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Scientific Games 680 SGMS $ 34.91 +69 +72 +37
GameStop 450 GME $ 10.20 +53 +85 -33
Owens & Minor 331 OMI $ 25.11 +51 +332 +52
Eastman Kodak 985 KODK $ 8.82 +47 +234 +185
Penn Natl Gaming 516 PENN $ 72.70 +42 +290 +121

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

Table 2 Summary: The range was +791% to -87%409 out of 994 stocks were up 0% or more. The average was a gain of 4.53%, the median was a loss of 6.54%. The DJIA was +3.21%, NASDAQ +39.61%, SPX +12.98%.

Company PBR
Rank
Symbol Price
09/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 118 TSLA $ 429.01 -14 +791 +710
Owens & Minor 331 OMI $ 25.11 +51 +332 +52
Penn Natl Gaming 516 PENN $ 72.70 +42 +290 +121
Camping World 540 CWH $ 29.75 +2 +234 +40
Eastman Kodak 985 KODK $ 8.82 +47 +234 +185

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

Table 3 Summary: The range was +710% to -95%393 out of 982 stocks were up 0% or more. The average was a gain of 6.71%. The median was a loss of 12.19%. The DJIA was +5.00%, NASDAQ +38.79%, SPX +15.41%.

Company PBR
Rank
Symbol Price
09/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 118 TSLA $ 429.01 -14 +791 +710
Snap 941 SNAP $ 26.11 +16 +65 +208
Boston Beer 979 SAM $ 883.36 +0 +143 +207
RH 808 RH $ 382.62 +16 +124 +192
Twilio 993 TWLO $ 247.09 -8 +125 +186

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

Table 4 Summary: The range was $2,008 billion to $0.01 billion. The average is $31.525 billionmedian is $7.10 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
09/30/20
Mo
% Chg
12/19
% Chg
12/17
% Chg
Apple 4 AAPL $ 2,008 -6 +56 +130
Microsoft 17 MSFT $ 1,592 -8 +32 +142
Amazon 2 AMZN $ 1,577 -7 +72 +184
Alphabet 11 GOOG $ 998 -11 +8 +37
Facebook 47 FB $ 746 -11 +28 +46
The PBR1000
  $ 31,525 -5 +4 +22

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

Company Price
09/30/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 97,342.36 -2.8 +4.5 +6.7
DJIA 27,781.70 -2.8 +3.2 +5.0
NASDAQ 11,167.51 -5.2 +39.6 +38.8
S&P500 3,363.00 -3.9 +13.0 +15.4
GOLD 1,895.50 -4.2 +28.2 +58.5
SILVER 23.49 -17.8 +37.9 +59.9
OIL            40.22 -5.6 -25.9 -45.3

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 August 2020 Stocks & Commodities Snapshots

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

PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

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

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

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

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

 

The August 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 0, NASDAQ 13, SPX 7

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

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

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

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

The PBR1000 August 2020 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 July 2020 Stocks & Commodities Snapshots

July 2020 The PBR1000: The Stock Market Bull Streak Continues

PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

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

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

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

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

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

 

The July 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 0, NASDAQ 7, SPX 0

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

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

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

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

The PBR1000 July 2020 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The PBR1000 July 2020 Breaking News Recap

The PBR1000 for July: What Now?

PBR1000 News Recap Summary

There are a lot of questions for July: To re-open or to re-close the economy fully, partially, phase-in, or do nothing. Federal/State and Local Government bureaucrats and aggressive large, mid-sized, and small business leaders will struggle to find the right answers for themselves and for society.

By Larry C. Paxton

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

***Friday, July 31

The PBRMarketTools US Stock Exchanges Recap for July and Week 31 ending 07/31/20:

DJIA ends July and Week 31 at 26,428.32, -0.16% from last Friday, +2.38% MTD/QTD, -7.39% YTD, -10.57% from record 29,551.42 set 02/12/20.

NASDAQ ends July and Week 31 at 10,745.27, +3.69% from last Friday, +6.82% MTD/QTD, +19.76% YTD, -0.20% from record 10,767.09 set 07/20/20.

SPX ends July and Week 31 at 3,271.12, +1.73% from last Friday, +5.51% MTD/QTD, +1.25% YTD, -3.40% from record 3,386.15 set 02/19/20.

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

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

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

Amazon(PBR2) gets US Federal Communications Commission 5-0 approval for $10+ billion Project Kuiper, to deploy and operate a constellation of 3,236 low earth orbital satellites to deliver high-speed, low-latency broadband internet service to places beyond the reach of traditional fiber or wireless networks. $AMZN PR link.

Alphabet(PBR11 $GOOG)’s Google and Facebook(PBR46) to be required to pay for news content under new mandatory rules set by the Australian government, have 3 months to come to agreeable terms, arbiter to used if no agreements. MarketWatch PR link.

United Airlines(PBR74) to resume service on nearly 30 international routes in September, including flights to Asia, India, Australia, Israel and Latin America and to continue to add ways to visit popular vacation destinations in the Caribbean, Hawaii and Mexico, intends to fly 40% of its US schedule. $UAL PR link.

PSEG(PBR307) is exploring strategic alternatives for PSEG Power’s non-nuclear generating fleet, which includes more than 6,750 megawatts of fossil generation located in NJ, CT, NY and MD, as well as the 467-megawatt Solar Source portfolio located in various states. $PEG PR link.

Bausch Health(PBR354) resolves legacy investigation by the US Securities and Exchange Commission regarding Valeant’s former relationship with Philidor Rx Services and certain of Valeant’s accounting practices, policies and public disclosures relating to the 2014 and 2015 reporting periods, settlement will fully resolve the investigation, Bausch agrees to negligence-based charges only, will pay a $45 million civil penalty, neither admits nor denies the SEC’s charges. $BHC PR link.

Spirit AeroSystems(PBR386) to layoff an additional 450 workers at its Wichita, KS location, total of 1,100, because of Boeing(PBR40) reduction in number of 737 MAX commercial aircraft to be built in 2020. $SPR PR link.

Franklin Resources(PBR475) completes $50.00/share cash, around $4.4 billion, acquisition of Legg Mason(PBR761), assumes about $2 billion of LM debt. $BEN PR link.

National Fuel Gas(PBR941) completes around $541 million acquisition of a Royal Dutch Shell plc (NYSE: RDS.A) subsidiary’s upstream and midstream gathering assets in Pennsylvania. $NFG PR link.

Dominion Energy(PBR194) Chairman/President/CEO Thomas F. Farrell, II, to become Executive Chairman on 10/01/20, EVP/Co-COO Robert Blue to become President/CEO, other promotions announced. $D PR link.

The US Dept of the Treasury says the 07/29/20 US National Debt-Public is at $20.584 trillion, Intragovernmental $5.936 trillion, Total Debt $26.520 trillion, 06/30/20 was at $26.477 trillion, 05/31/20 $25.752 trillion, 07/31/19 $22.022 trillion. USTreasury PR link.

The US Dept of Labor says the June 2020 US Employment Cost Index(12/2005=100) is at 140.7, March 2020 was at 140.0, June 2019 137.0. USDOL PR link.

The US Dept of Commerce/BEA says the Preliminary June 2020 US Personal Income Annual Rate is at $19.880 trillion, May 2020 was at $20.103 trillion, April 2020 $21.038 trillion, June 2019 $18.615 trillion. USDOC PR link.

The Federal Reserve Bank of Chicago says the Preliminary June 2020 7th District Midwest Economy Index is at -9.48, May 2020 was at -8.38. “Index suggests Midwest growth well below trend through June.” ChiFed PR link.

The July 2020 MNI Chicago Business Barometer(>50=gaining) is at 51.9, June 2020 was at 36.6, May 2020 32.3, July 2019 44.4. “Business activity recovered following twelve consecutive months of readings below 50. Nevertheless, companies noted continued uncertainty amid the ongoing Covid-19 crisis.” MNI PR link.

The American Automobile Assn says the 07/31/20 Average Price for a Gallon of Regular Gas is at $2.189, 06/30/20 was at $2.178. 05/29/20 $1.972, 07/31/19 $2.721. AAA PR link.

The U of Michigan Final July 2020 US Consumer Sentiment Index is at 72.5, June 2020 was at 78.1, May 2020 72.3, July 2019 98.4. “Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus. In the last four months, the Sentiment Index has remained trendless, averaging 73.7, a decline of 25% from the same period in 2019.” UMichigan PR link.

On 07/31/20 the GOLD(GC00) settlement price is $1,985.90/ounce, 06/30/20 it was $1,800.50, 05/31/20 1,743.00, 07/31/19 $1,437.80. GOLD current price link.

On 07/31/20 the OIL(CL1) settlement price is $40.27/barrel, 06/30/20 it was $39.27, 05/31/20 $35.32, 07/31/19 $58.58. OIL current price link.

***Thursday, July 30

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Apple(PBR4) says 3Q20 revenues were at $59.7 billion, +11% from 3Q19, has approved a 4:1 stock split to take effect on 08/31/20. $AAPL PR link.

Johnson & Johnson(PBR35) says its investigational adenovirus serotype 26 (Ad26) vector-based vaccine elicited a robust immune response as demonstrated by “neutralizing antibodies,” successfully preventing subsequent infection and providing complete or near-complete protection in the lungs from the virus in non-human primates in the pre-clinical study, a Phase 1/2a first-in-human clinical trial of the vaccine candidate in healthy volunteers has commenced in the US and Belgium. $JNJ PR link.

Facebook(PBR46) 2Q20 revenues at $18.7 billion, +11% from 2Q19, monthly active users at 2.70 billion, +12% year-over-year. $FB PR link.

Tyson(PBR76) says less than 1% of US workforce of 120,000 has active COVID-19, has created a chief medical officer position and plans to add almost 200 nurses and administrative support personnel to supplement the more than 400 people currently part of the company’s health services team, additional nurses will conduct the on-site testing and assist with case management, coordinating treatment for team members who contract the virus. $TSN PR link.

ViacomCBS(PBR104)’s CBS All Access adds 3,500 episodes from BET, Comedy Central, MTV, Nickelodeon, and Smithsonian Channel, plus new original series and exclusive live sports to its streaming service, to relaunch in 2021, will be largest provider of streaming services. $VIAC PR link.

LabCorp(PBR261) to create a program to offer total antibody testing at no charge through the patient’s doctor in support of increased blood plasma donations for use as a possible COVID-19 treatment. $LH PR link.

Royal Caribbean(PBR283) changes name from Royal Caribbean Cruises Ltd to Royal Caribbean Group(NYSE: RCL), has 63 ships in its fleet with 16 more on order. $RCL PR link.

HanesBrands(PBR419) 2Q20 sales at $1.74 billion, 2Q19 was at $1.76 billion, $752 million was from sales of protective garments globally. $HBI PR link.

The US Dept of Commerce/BEA says the Advance Estimate 2Q20 Real Gross Domestic Product Annual Rate is at -32.9%, 1Q20 was at -5.0%, 4Q19 +2.1%, 2Q19 +2.0%; the 2Q20 Annual GDP is at $19.4 trillion, 1Q20 was at $21.6 trillion, 4Q19 $21.7 trillion, 2Q19 $21.3 trillion. USDOC PR link.

The US Dept of Labor says the Week Ending 07/25/20 US Initial Jobless Claims 4 Week Average is at 1,368,500, 06/20/20 was at 1,620,250, 05/23/20 2,608,000, 07/20/19 213,000; Week Ending 07/18/20 US Total Insured Unemployment 4 Week Average is at 17,058,250, 06/13/20 was at 20,421,250, 05/16/20 22,722,250, 07/13/19 1,697,250. USDOL PR link.

FreddieMac says for the Week Ending 07/30/20 the US Weekly 30 Year Fixed Home Mortgage Rate Averaged 2.99% with 0.8 points/fees, 06/25/20 was at 3.13%, 05/28/20 3.15%, 07/25/19 3.75%. “Rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the early fall.” FreddieMac PR link.

***Wednesday, July 29

The PBRMarketTools profile for social media giant Facebook(NASDAQ: $FB) has been updated, ranked 46 by revenues on The PBR1000. More on the Facebook Spotlight page.

GE(PBR33) in 2Q20 report says it will fully monetize its remaining stake in Baker Hughers(PBR123) over the next 3 years. $GE PR link.

Qualcomm(PBR120) in 3Q20 report says it will receive around $1.8 billion from Huawei settlement agreement and has entered into a new long-term patent license agreement with Huawei. $QCOM PR link.

Carnival Corp(PBR152) adds 2 more ships to remove from fleet, is in addition to 9 ships previously removed over 90 days, and 4 prior to 2020, expect to record aggregate non-cash impairment charges during 3Q20 to be $600-650 million, impact of COVID-19 pandemic. $CCL PR link.

PG&E(PBR184) and Tesla(PBR117) start construction on a 182.5-megawatt (MW) lithium-ion battery energy storage system (BESS) at PG&E’s electric substation in Moss Landing in Monterey County, will be owned and operated by PG&E, to have the system energized in early 2021 and fully operational in the 2Q21, will be one of the largest utility-owned, lithium-ion battery energy storage systems in the world. $PCG PR link.

JetBlue(PBR377) is deploying Honeywell(PBR85)‘s UV Cabin System as part of a 90 day pilot to evaluate effectiveness of using ultraviolet light to eliminate bacteria and viruses in passenger planes. $JBLU PR link.

Quest Diagnostics(PBR392) gets US FDA Emergence Use Authorization for for a new laboratory technique that speeds the process of extracting viral RNA from specimens and will enable the company to expand its daily capacity of COVID-19 molecular diagnostic tests on behalf of patients in the US, now expects to have the capacity to perform 150,000 tests per day by next week and to continue to build additional capacity beyond that to 185,000 tests per day by Labor Day. $DGX PR link.

Norwegian Cruise Lines(PBR449) extends previously announced suspension of global cruise voyages to include all voyages embarking between 10/01-31/20 for its three cruise brands, plans on monthly update. $NCLH PR link.

WW(PBR971)’s Health Solutions to be offered by CVS Health(PBR5)’s Point Solutions Management, will enable employers and plan sponsors that use CVS Caremark for pharmacy benefits management to access WW Health Solutions with simplified contracting, preferred pricing, and streamlined eligibility and billing processes. $WW PR link.

MGM Resorts(PBR241) elects Acting CEO Bill Hornbuckle as President/CEO, effective immediately. $MGM PR link.

The US Federal Open Market Committee releases statement from its 07/28-29/20 meeting, keeps federal funds short term interest rates at 0.00-0.25%. “The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.” FOMC PR link.

The US Energy Information Administration says the 07/24/20 US Crude Oil Stocks are at 526.0 millions of barrels, 06/19/20 was at 540.7, 05/22/20 534.4, 07/26/19 436.5. USEIA PR link.

***Tuesday, July 28

Walgreens Boots Alliance(PBR18) says contactless same-day curbside pick-up is now available at 8,600+ participating stores nationwide, includes nearly 1000 select grocery items, cleaning supplies, select over the counter products such as cough/cold, pain/fever and immunity support, infant formula/adult nutrition, medical supplies, first aid and paper goods. $WBA PR link.

Cognizant(PBR189) to acquire New Signature, one of the world’s largest independent Microsoft public cloud transformation specialists, to close in 3Q20, terms not disclosed. $CTSH PR link.

L Brands(PBR240) to reduce office headcount by around 15%, about 850 positions, reiterates plan to close around 250 Victoria’s Secret stores, says most Bath & Body Works and Victoria’s Secret stores in N America have reopened. $LB PR link.

Altice USA(PBR315) to sell 49.99% of its Lightpath fiber enterprise business, serving the New York City metro area, to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion, ATUS will maintain control of Lightpath, to close in 4Q20. $ATUS PR link.

Avis Budget(PBR334) in 2Q20 report says it has disposed of 100,000+ cars, cancelled 185,000+ incoming vehicle orders, reduced or furloughed 60+% of workforce. $CAR PR link.

AMC Entertainment(PBR501) gets multi-year agreement with Comcast(PBR28)’s Universal Filmed Entertainment Group, includes at least three weekends (17-days) of theatrical exclusivity for all Universal Pictures and Focus Features theatrical releases, at which time the studio will have the option to make its titles available across premium video on demand (PVOD) platforms, including through AMC Theatres On Demand. $AMC PR link.

Harley-Davidson(PBR508) sells 52,700 motorcyclies in 2Q20, compares to 71,800 motorcycles in 2Q19, impact of COVID-19 pandemic, remains focused on its The Rewire restructuring program. $HOG PR link.

Eastman Kodak(PBR983) to get a $765 million loan from the US International Development Finance Corporation (DFC) to support the launch of Kodak Pharmaceuticals, a new arm of the company that will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage, as defined by the US Food and Drug Administration (FDA). $KODK PR link.

The US Dept of Commerce/Census says the Preliminary 2Q20 US Total Housing Units is at 140.7 million, Occupied is at 126.8 million, Owner Occupied is at 86.0 million, Renter Occupied 40.8 million, Homeownership Rate is at 67.9%, 1Q20 was at 65.3%, 2Q19 64.8%. USDOC PR link.

The S&P CoreLogic Case-Shiller Preliminary May 2020 US National Home Price Index(01/2000=100) is at 218.87, April 2020 was at 217.45, March 2020 215.20, May 2019 209.53. Case-Shiller PR link.

The Conference Board says the Preliminary July 2020 US Consumer Confidence Index(1985=100) is at 92.6, June 2020 was at 98.3, May 2020 85.9, July 2019 135.8. “Looking ahead, consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects. Such uncertainty about the short-term future does not bode well for the recovery, nor for consumer spending.” TCB PR link.

The Federal Reserve Bank of Richmond says the July 2020 US 5th District Manufacturing Index is at +10%, June 2020 was at +0.0%, May 2020 -27%, July 2019 -12%. “Survey respondents were optimistic that conditions would improve in the next six months.” RichmondFed PR link.

The Federal Reserve Bank of Richmond says the July 2020 US 5th District Service Sector Revenue Index is at -14%, June 2020 was at -27%, May 2020 -50%, July 2019 +11%. “… businesses were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

***Monday, July 27

The PBRMarketTools profile for digital financial services company Ally Financial(NYSE: $ALLY) has been updated, ranked 260 by revenues on The PBR1000. More on the Ally Financial Spotlight page.

Lowe’s(PBR44) and ANGI Homeservices(NASDAQ: ANGI) to get leads by offering Lowe’s for Pros Loyalty Program members a free, year-long HomeAdvisor subscription, qualifiying Lowe’s Pro loyalty members will get the annual subscription and also receive a credit for an average of 10 free leads connecting them to HomeAdvisor’s extensive network of millions of homeowners looking for Pros to complete home projects. $LOW PR link.

Under Armour(PBR517) gets a “Wells Notice” from the US SEC, is investigating “pull forward” sales reported from 3Q15 to 4Q16. $UA PR link.

Walgreens Boots Alliance(PBR18) CEO Stefano Pessina to become Executive Chairman, will succeed Jim Skinner upon appointment of new CEO, CEO search starts. $WBA PR link.

***Friday, July 24

The PBRMarketTools US Stock Exchanges Recap for Week 30 ending 07/24/20:

DJIA ends Week 30 at 26,469.89, -0.76% from last Friday, +2.55% MTD/QTD, -7.25% YTD, -10.43% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 30 at 10,363.18, -1.33% from last Friday, +3.03% MTD/QTD, +15.50% YTD, -3.75% from record 10,767.09 set 07/20/20.

SPX ends Week 30 at 3,215.63, -0.28% from last Friday, +3.72% MTD/QTD, -0.47% YTD, -5.04% from record 3,386.15 set 02/19/20.

The Week 30 News Summary: There was a lot press during the week about possible vaccines coming out by the end of 2020 for the coronavirus, which continues to be the headline news. The Coronavirus pandemic tallies as of today at 04:35PM Eastern US by the John Hopkins University CSSE unit is now 15,665,350 confirmed cases globally with 638,169 deaths. For the US it’s 4,106,225 confirmed cases and 145,324 deaths. On the international front US/China relations took another dip as the US demanded China close its Houston, TX, consulate office, with China responding by having the US consulate office closed in Chengdu. US corporate earnings were somewhat mixed as the the pandemic continues to result in lower revenues. Companies are adjusting by acquiring as much cash as they can by taking on a variety of debt, continuing to layoff people, and decrease dividends and stock buybacks. The technology sector continues to be robust, however. The US economy also had mixed signals as initial unemployment claims took another 1+ million leap. But existing and new home sales are showing a nice rebound as mortgage rates remain at historic lows. Congress announced it is working on another round of stimulus projects, expects something to pass probably in August. The US Presidential race took a strange twist when Donald Trump started wearing a mask, and cancelled part of the Republican Convention scheduled for Jacksonville, FL. The Stock Market Bull enjoyed sunshine in the pasture the first 3 days of the week, but The Stock Market Bear aggressively took the last 2 days and squeaked by with a complete 3-0 Week 30, his first since Week 26. Next week is the last in July, there will be some interesting economic reports coming out, can The Stock Market Bull hold onto the lead for the month?

The Week 30 of 2020 tally YTD is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 13 weeks
Mixed Results: 2 weeks

Intel(PBR45) reports positive reports for 2Q20, but says its key 7nm technology is behind because of discovery of a defect, now expects initial shipments towards end of 2022/early 2023. $INTC PR link.

Goldman Sachs(PBR87) resolves all the criminal and regulatory proceedings in Malaysia, including pending criminal proceedings against subsidiaries of Goldman Sachs and certain of their current and former directors, relating to 1Malaysia Development Berhad (1MDB), involves the payment to Malaysia of $2.5 billion and a guarantee Malaysia receives at least $1.4 billion from assets related to 1MDB seized by governmental authorities around the world. $GS PR link.

Schlumberger(PBR95) says 2Q20 revenues were $5.4 billion, 28% less than 1Q20, 35% year-on-year, taking $1+ billion charge for severance expenses of 21,000 employees. $SLB PR link.

Gilead Sciences(PBR133)’s Kite unit gets US FDA accelerated approval to Tecartus™ (brexucabtagene autoleucel, formerly KTE-X19), the first and only approved chimeric antigen receptor (CAR) T cell therapy for the treatment of adult patients with relapsed or refractory mantle cell lymphoma (MCL). $GILD PR link.

NRG Energy(PBR312) to acquire Direct Energy, a N American subsidiary of Centrica PLC, for $3.625 billion in an all-cash transaction, has operations in all 50 US states and 6 Canadian provinces, is a leading retail providers of electricity, natural gas, and home and business energy-related products and services, to close by 12/31/20. $NRG PR link.

Ascena Retail(PBR499) gets bankruptcy court approval for “first day” motions, including access to $430+ million in cash collateral, also approved procedures for store closing sales, including all Catherines stores, a significant number of Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores. $ASNA PR link.

Tailored Brands(PBR772) gets NYSE notification that it is no longer in compliance with listing standards, has 18 months to cure the deficiencies. $TLRD PR link.

The US Dept of Commerce/HUD says the Preliminary June 2020 New Family Homes Sold Annual Rate is at 776,000, May 2020 was at 682,000, April 2020 571,000, June 2019 726,000; June 2020 Median Home Price is at $329,200, May 2020 was at $310,200, April 2020 $307,100, June 2019 $311,800. USDOC PR link.

***Thursday, July 23

The PBRMarketTools profile for global medical devices company Boston Scientific(NYSE: $BSX) has been updated, ranked 288 by revenues on The PBR1000. More on the Boston Scientific Spotlight page.

Dow(PBR74) in 2Q20 report provides analysis on impact of coronavirus pandemic, plans 6% reduction in global workforce. $DOW PR link.

Ascena Retail(PBR499) has entered into a restructuring support agreement with over 68% of its secured term lenders, is expected to significantly reduce debt by approximately $1 billion, provide increased financial flexibility to enable the Company to continue its focus on generating profitable growth, to carry out plan has filed voluntary Chapter 11 petitions in the US Bankruptcy Court. $ASNAPR link.

AMC Entertainment(PBR501) now planning to reopen its US movie theatres in mid to late 08/20, approximately one-third of all AMC cinemas in Europe and the Middle East are already open and are operating normally. $AMC PR link.

ScanSource(PBR636) to implement a $30 million expense reduction plan in response to effect of COVID-19 pandemic, includes reduction of executive salaries, reduction of workforce, excludes its strong growth Intelisys business, will wind-down the Canpango professional services business. $SCSC PR link.

Twitter(PBR677) average monetizable daily active usage reached 186 million users in 2Q20, up 34% year over year, revenues were down 19%, indicating a moderate recovery, and there was an operating loss, but ad server project is nearly finished. $TWTR PR link.

SM Energy(PBR949) President/CEO Javan (Jay) D. Ottoson announces intention to retire by the end of 2020, serve on the Board until annual meeting in 05/21, EVP/COO Herbert S. Vogel appointed to be President/COO. $SM PR link.

The Conference Board says the Preliminary May 2020 US Leading Economic Index(2016=100) is at 102.0, April 2020 was at 100.0, March 2020 96.8, May 2019 111.7. “Together with a resurgence of new COVID-19 cases across much of the nation, the LEI suggests that the US economy will remain in recession territory in the near term.” TCB PR link.

***Wednesday, July 22

Alphabet(PBR11)’s Waymo unit gets expanded strategic technology partnership with Fiat Chrysler Auto for L4 fully self-driving technology across FCA’s full product portfolio. $GOOG PR link.

Pfizer(PBR63) and BioNTech SE (Nasdaq: BNTX) get $1.95 billion deal from the US federal government for 100 million doses of COVID-19 vaccine by the end of 2020, contingent on US FDA approval or emergency use authorization, potentially more than 1.3 billion doses by the end of 2021, Americans will receive the vaccine for free. $PFE PR link.

Nike(PBR81) moving towards its Consumer Direct Acceleration business model, announces leadership changes, expects to lead to a net loss of jobs across the company, resulting in pre-tax one-time employee termination costs of approximately $200 million to $250 million. $NKE PR link.

Tesla(PBR117 $TSLA) 4th US factory to be in Austin, TX, 2,000 acre complex, will build the Tesla Cybertruck, a pickup truck, and the Tesla Semi, a long-haul commercial truck as well as Model 3 and Model Y for the East Coast, will continue to grow in California, too, had an unexpected profitable 2Q20. MarketWatch PR link.

Marriott Intl(PBR150) opens its 800th property in Asia Pacific, the JW Marriott Nara in Japan, marks the entry of the JW Marriott brand into Japan. $MAR PR link.

Carnival Corp(PBR152)’s Princess Cruises extends pause of select global ship operations through 10/31/20 and 12/15/20. $CCL PR link.

AMD(PBR433) announces AMD Ryzen 4000 Series Desktop Processors with AMD Radeon Graphics Set for commercial and consumer desktop PCs. $AMD PR link.

The New York Times(PBR925) to acquire podcaster Serial Productions, has also entered into an ongoing creative and strategic alliance with “This American Life” that will enable it to continue to collaborate on long-form audio stories with Serial Productions and to collaborate on marketing and advertising sales with The Times, terms not disclosed. $NYT PR link.

Pyxus(PBR929)‘s Prepackaged Plan of Reorganization was overwhelmingly approved by each class of creditors entitled to vote, bankruptcy court hearing to consider approval of the Chapter 11 Prepackaged Plan is scheduled for 08/18/20. $PYXSQ PR link.

The New York Times(PBR925) President/CEO/Director Mark Thompson to step down from all roles effective 08/08/20, COO Meredith Kopit Levien named successor. $NYT PR link.

The Natl Assn of Realtors says the Preliminary June 2020 US Existing Home Sales Annual Rate is at 4,720,000, May 2020 was at 3,910,000, April 2020 4,330,000, June 2019 5,320,000; June 2020 Median Price is at $295,300, May 2020 was at $284,600, April 2020 $286,800, June 2019 $285,400; FreddieMac says June 2020 Average 30 Year Fixed Mortgage Rate is at 3.16%. “The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown… This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.” NAR PR link.

ADP says that 2Q20 US Wage Growth is at +6.0%, 2Q19 was at +3.9%; Wage Level is at $30.25/hr, 2Q19 was at $28.53; 2Q20 Job Growth is at -10.2%, 2Q19 was at +1.9%; 2Q20 Turnover Rate is at +80.0%, 2Q19 was at +68.5%. “While fiscal stimulus has helped, business closures and job losses continue, albeit at a slower pace, particularly as a resurgence in COVID-19 case counts has overtaken much of the country in June.” ADP PR link.

***Tuesday, July 21

The PBR1000 June 2020 Stocks & Commodities Snapshots Summary blog has been posted, includes US stock exchanges analysis, Top 5 Stock Performers in 4 categories. June 2020 Stocks & Commodities blog post.

PBRMarketTools profile for consumer giant Amazon.com(NASDAQ: $AMZN) has been updated, ranked 2 by revenues on The PBR1000. More on the Amazon.com Spotlight page.

Walmart(PBR1) to pay out another round of special bonuses, $300 for full-time hourly associates and $150 for part-time hourly and temporary associates, Drivers, Managers and Assistant Managers in stores, clubs, DCs, FCs and Health & Wellness will also receive a bonus, adds up to around $428 million; will also be closing all Walmart and Sam’s Club stores for Thanksgiving. $WMT PR link.

Microsoft(PBR20)’s LinkedIn unit to reduce its Global Sales and Talent Acquisition organizations by around 960 positions, 6% of the workforce, in response to Coronavirus pandemic. $MSFT PR link.

Best Buy(PBR72) raising the starting hourly wage for all Domestic employees to $15 effective 08/02/20, sales up around 15% compared to last year since stores reopened. $BBY PR link.

Gilead Sciences(PBR133) to acquire a 49.9% equity interest in Tizona Therapeutics, a privately held company developing first-in-class cancer immunotherapies, for $300 million, also gets an exclusive option to acquire the remainder of Tizona for up to an additional $1.25 billion, to close in 3Q20. $GILD PR link.

FirstEnergy(PBR281) says it has received subpoenas in connection with the investigation regarding possible bribery issues surrounding Ohio House Bill 6, are reviewing the details, intend to fully cooperate. $FE PR link.

Bed Bath & Beyond(PBR276) and 1-800-FLOWERS.COM(Nasdaq: FLWS) settle litigation relating to sale of BBBY’s PersonalizationMall.com, FLWS to pay $245 million, to close by 08/03/20. $BBBY PR link.

eBay(PBR287) to transfer its Classifieds business to Norway based Adevinta(OSLO: ADE) for a total consideration valued at approximately $9.2 billion, will receive $2.5 billion in cash and approximately 540 million Adevinta shares, would represent an equity stake of approximately 44% and around 33.3% voting stake. $EBAY PR link.

Boston Scientific(PBR288) gets US FDA approval for the WATCHMAN FLX™ Left Atrial Appendage Closure (LAAC) Device indicated to reduce the risk of stroke in certain types of patients. $BSX PR link.

Hertz(PBR314 $HTZ) inks temporary $650 million deal with creditors linked to fleet-reduction plan. MarketWatch PR link.

Tailored Brands(PBR772) expects to reduce corporate workforce by around 20%, up to 500 stores identified for potential closure over time, in response to Coronavirus pandemic, 96% of stores have reopened. $TLRD PR link.

Wendy’s(PBR939) launches “Wendy’s Rewards” mobile app program across the US. $WEN PR link.

Tapestry(PBR468) Chairman/CEO Jide Zeitlin resigns from all roles immediately for personal reasons, CFO Joanne Crevoiserat appointed Interim CEO, Lead Independent Director Susan Kropf appointed Chair, CEO search starts, to include internal and external candidates. $TPR PR link.

The Federal Reserve Bank of Chicago says the Preliminary June 2020 National Activity Index is at +4.11, May 2020 was at +3.50, April 2020 -18.09, June 2019 +0.13. ChiFed PR link.

The Federal Reserve Bank of Philadelphia says the July 2020 US 3rd District Non-Manufacturing General Activity Index is at +0.7, June 2020 was at -3.6, May 2020 -68.6, July 2019 +18.4. “The respondents expect overall improvement in conditions over the next six months, as both future activity indexes remain positive.” PhillyFed PR link.

***Monday, July 20

Walmart(PBR1 $WMT) has restarted talks on the sale of a stake in Asda in a deal that could value the UK supermarket at £7bn, 15 months after the collapse of a planned merger with Sainsbury’s. The Guardian PR link.

Chevron(PBR15) to acquire Noble Energy(PBR587) in an all share purchase at $10.38/share, around $5 billion, total enterprise value, including debt, is $13 billion, to close in 4Q20. $CVX PR link.

Verizon(PBR19) launches “Groceries from Walmart,” enables Yahoo Mail users to browse, add to cart, and buy essential groceries from Walmart(PBR1) right within Yahoo Mail. $VZ PR link.

Pfizer(PBR63) and BioNTech SE(Nasdaq: BNTX) announce early postive update from German Phase 1/2 COVID-19 vaccine study, including first T cell response data. $PFE PR link.

Pfizer(PBR63) and BioNTech SE(Nasdaq: BNTX) gets agreement with the United Kingdom to supply 30 million doses of their BNT162 mRNA-based vaccine candidate against SARS-CoV-2, currently in development, subject to clinical success and regulatory approval, to be delivered in 2020 and 2021, sales terms not disclosed. $PFE PR link.

eBay(PBR287) payments agreement with PayPal(PBR177) expires, eBay management of payments begins scaling globally. $EBAY PR link.

Caesars Entertainment(PBR350) $12.75/share, $17.3 billion cash/stock acquisition by Eldorado Resorts(NASDAQ: ERI) is completed, name changed from Caesars Entertainment Corp to Caesars Entertainment, Inc., creates the largest casino and entertainment company in the US, combined company owns and operates more than 55 casino properties worldwide. $CZR PR link.

Quest Diagnostics(PBR392) gets US FDA emergence use authorization to use specimen pooling with its proprietary molecular diagnostic test for COVID-19. $DGX PR link.

Ulta Beauty(PBR401) says about 50% of furloughed workers have been reactivated, has completed its phased reopening process, goal is still to have 1,500-1,700 stores in the US, to close 19 stores, add additional stores, plans entry in Canada in mid-2021. $ULTA PR link.

Flowers Foods(PBR614) in strategic restructuring consolidates its Fresh Packaged Bread business unit and Specialty/Snacking business unit into a single function, has eliminated approximately 250 positions across different departments and job levels. $FLO PR link.

E*Trade(PBR770) shareholders approve around $13 billion all stock acquisition by Morgan Stanley(PBR60), to close in 4Q20. $ETFC PR link.

Briggs & Stratton(PBR922) enters into agreement to sell shares and assets to KPS Capital Partners, is subject to higher or better bids from other potential purchasers, BGG also files for voluntary reorganization under Chapter 11 bankruptcy, has obtained $677.5 million in Debtor-In-Possession financing. $BGG PR link.

Dollar Tree(PBR125) CEO Gary Philbin retires, remains on Board and as an executive through 09/23/20, Enterprise President Michael A. Witynski promoted to President/CEO. $DLTR PR link.

***Friday, July 17

The PBRMarketTools US Stock Exchanges Recap for Week 29 ending 07/17/20:

DJIA ends Week 29 at 26,671.95, +2.29% from last Friday, +3.33% MTD/QTD, -6.54% YTD, -9.74% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 29 at 10,503.19, -1.08% from last Friday, +4.42% MTD/QTD, +17.06% YTD, -1.08% from record 10,617.44 set 07/10/20.

SPX ends Week 29 at 3,224.73, +1.25% from last Friday, +4.01% MTD/QTD, -0.19% YTD, -4.77% from record 3,386.15 set 02/19/20.

The Week 29 News Summary: We are well into summer and the hot news continues to be the Coronavirus Pandemic. The tallies as of today at 03:34PM Eastern US by the John Hopkins University CSSE unit is now 13,937,648 confirmed cases globally with 593,369 deaths. For the US it’s 3,634,807 confirmed cases and 139,076 deaths. Most health experts are now forecasting continued growth in cases for at least a few more weeks, and some beyond that. In the US many states that have reopened for business are shutting down some sectors, like restaurants, and/or requiring the use of face masks. The continued spread and reputation of the virus is now causing a great deal of concern by educational institutions as they try to figure out how to reopen safely, and most conceding that 100% virtual education is not necessarily effective for learning and is affecting socialization skills. On a more positive note, some potential vaccines and testing kits are entering advance evaluation phases. The US economy this week provided mixed signals. Job losses are a little lower but remain high, weekly unemployment benefits will be expiring in the next couple of weeks, but housing starts and permits are up, 30 year fixed mortgage rates went below 3% for the first time, manufacturing output is up, capacity utilization is up. At the same time there are renewed trade tensions between the US and China, global oil prices are remaining relatively stable but still at lower prices than last year. The US Congress is working on a new stimulus program, details are very sketchy at this time and might require they work through their normal August break. The stock market ended the week mixed as well. The Stock Market Bull took 3 out of the 5 days in Week 29, but The Stock Market Bear did enough damage on his 2 days for the markets to end mixed 2-1 in favor of the Bull, the first mixed result of 2020 since Week 1. Stay tuned as the summer excitement continues!

The Week 29 of 2020 tally YTD is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 2 weeks

Exelon(PBR89)’s ComEd subsidiary gets agreement with the US Dept of Justice, resolves the investigation into ComEd’s historical lobbying practices in Illinois, EXC has agreed to make payments totaling $200 million. $EXC PR link.

Franklin Resources(PBR476) has all needed approvals for $50.00/share cash, around $4.4 billion, acquisition of Legg Mason(PBR761), will also assume about $2 billion of LM debt, to close on 07/31/20. $BRN PR link.

The US Dept of Commerce/HUD says the Preliminary June 2020 US New Residential Building Permits Issued Annual Rate is at 1,241,000, May 2020 was at 1,216,000, April 2020 1,066,000, June 2019 1,273,000. Click on the link for Housing Starts and Completions data. USDOC PR link.

The U of Michigan Preliminary July 2020 Consumer Sentiment Index is at 73.2, June 2020 was at 78.1, May 2020 72.3, July 2019 98.4. “… declines are more likely in the months ahead as the coronavirus spreads and causes continued economic harm, social disruptions, and permanent scarring.” UMichigan PR link.

***Thursday, July 16

The PBR25 Top Buy Stocks have 12 month average returns estimated at +21.1% to +45.5% with 12 to 41 buy recommendations by analysts. More at The PBR25 page.

Ford(PBR12) and longtime leasing services partner ALD Automotive to form Ford Fleet Management for European private and corporate customers, will be an integrated leasing and fleet management solution, will begin in autumn in the UK. $F PR link.

JetBlue(PBR377) and American Airlines(PBR68) create a strategic partnership that will create seamless connectivity for travelers in the Northeast and more choice for customers across their complementary domestic and international networks. $AAL PR link.

3M(PBR98) has created resources to fight fraud, filed 18 lawsuits and removed thousands of deceptive websites and social media posts to stop pandemic profiteers. $MMM PR link.

Thermo Fisher Scientific(PBR112) amends acquisition of Netherlands based global provider of molecular diagnostics and sample preparation technologies QIAGEN NV(NYSE: QGEN; Frankfurt Prime Standard: QIA) from $11.5 billion to $12.7 billion cash, includes $1.2 billion in debt, tender offer expiration date is 08/10/20. $TMO PR link.

Carnival Corp(PBR152)’s Holland America Line ships Amsterdam, Maasdam, Rotterdam and Veendam will be leaving the fleet and transferring to undisclosed buyers in 2020, some cruises to be cancelled, 10 ships with an 11th on the way in 2021 to comprise the premium line’s fleet. $CCL PR link.

Netflix(PBR157) 2Q20 shows 10.1 million net adds compared to 2.7 million in 2Q19, expects slower rate for rest of year, Ted Sarandos appointed Co-CEO. $NFLX PR link.

Uber(PBR225) has acquired Routematch, supports cities in providing more accessible public transportation, has 500 transit agency partners in urban, suburban, and rural communities around the world, terms not disclosed. $UBER PR link.

Norwegian Cruise Lines(PBR449) has commenced an underwritten public offering of $250 million of ordinary shares, expects to use the net proceeds for general corporate purposes. $NCLH PR link.

Windstream(PBR481) says in 1H20 it has enabled approximately 100,000 new locations with gigabit-capable services and added over 40,000 net new broadband subscribers. $WINMQ PR link.

The US Dept of Commerce/Census says the Preliminary May 2020 US Sales-Manufacturers is at $417.0 billion, Retailers $448.2, Wholesalers $419.1, Total Sales $1,284.3 billion, April 2020 was at $1,185.0 billion, March 2020 $1,384.2 billion, May 2019 $1,455.7 billion. USDOC PR link.

The US Dept of Commerce/Census says the Advance June 2020 US Sales-Retail is at $476.9 billion, Food Services & Drinking Places $47.4 billion, for Total Retail Sales $524.3 billion, May 2020 was at $487.7 billion, April 2020 $412.8 billion, June 2019 $518.6 billion. USDOC PR link.

The Federal Reserve Bank of Philadelphia says the July 2020 3rd District Manufacturing General Business Indicator is at +24.1, June 2020 was at +27.5, May 2020 -43.1, July 2019 +16.6. “Although future indicators for general activity, new orders, and shipments declined from last month’s readings, the indexes remained elevated, suggesting that the firms expect overall growth over the next six months.” PhillyFed PR link.

The Natl Assn of Home Builders says the Preliminary July 2020 Composite Housing Market Index is at 72, June 2020 was at 58, May 2020 37, July 2019 65. “The HMI now stands at the solid pre-pandemic reading in March before the outbreak affected much of the nation… Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean, …” NAHB PR link.

***Wednesday, July 15

PBRMarketTools profile for technology giant Microsoft(NASDAQ: $MSFT) has been updated, ranked 20 by revenues on The PBR1000. More on the Microsoft Spotlight page.

Amazon(PBR2) to open a new 820,000 sf fulfillment center in Pflugerville, TX, to open in 2021, to create 1,000 new fulltime jobs. $AMZN PR link.

Apple(PBR4 $AAPL) wins European Union court battle over unpaid Irish tax bill of $15 billion, may be subject to appeal. MarketWatch PR link.

Alphabet(PBR11)’s Google unit to invest $4.5 billion in India’s Jio Platforms Ltd, taking a 7.73% stake in the company, is the first investment from the Google For India Digitization Fund, aims to accelerate India’s digital economy over the next five to seven years. $GOOG PR link.

Dell(PBR34) exploring spin-off of its 81% equity ownership interest in VMware (NYSE:VMW), would not occur prior to 09/21. $DELL PR link.

Boeing(PBR40), NASA’s lead industry partner for the International Space Station (ISS) since 1993, will continue supporting the orbiting laboratory through 09/24 under a $916 million contract extension. $BA PR link.

American Airlines(PBR68)informed approximately 25,000 U.S.-based employees of American and its affiliates, either directly or through a union representative, of the possibility of a workforce reduction at their work location, notices are part of response to the impacts of the COVID-19 pandemic, layoffs could start on or after 10/01/20. $AAL PR link.

Navistar(PBR274) and global self-driving technology company TuSimple have entered into a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024. $NAV PR link.

JCPenney(PBR290) has identified 152 store closures, will reduce its workforce by approximately 1,000 corporate, field management, and international positions. $JCPNQ PR link.

Chipotle(PBR491) to hire as many as 10,000 employees over the next few months, including hourly and salaried management positions as well as crew, opening its 100th ChipotleLane drive-thru digital order pick-up lane later this month. $CMG PR link.

Edwards Lifesciences(PBR598) gets US FDA approval for the KONECT RESILIA aortic valved conduit (AVC), the first ready-to-implant solution for bio-Bentall procedures. $EW PR link.

Elanco Animal Health(PBR734) gets unanimous US Federal Trade Commission approval to acquire the animal health business of Bayer AG(ETR: BAYN) for $7.6 billion, 70% cash, 30% equity, last approval needed, to close around 08/01/20. $ELAN PR link.

Olin Corp(PBR467) hires Scott M. Sutton to succeed John E. Fischer as President/CEO, Fischer will become Executive Chairman, both effective 09/01/20. $OLN PR link.

The US Federal Reserve System says the Preliminary June 2020 Manufacturing Capacity Utilization is at 68.6%, May 2020 was at 65.1%, April 2020 64.2%, June 2019 77.7%. USFed PR link.

The US Dept of Labor says the Preliminary June 2020 US Change in Import Prices is at +1.4%, May 2020 was at +0.8%, April 2020 -2.6%, June 2019 -1.1%; the Preliminary June 2020 US Change in Export Prices is at +1.4%, May 2020 was at +0.4%, April 2020 -3.4%, June 2019 -0.6%; Last 12 Months Change in Import Prices is at -2.0%, Export Prices -1.6%. USDOL PR link.

The US Federal Reserve Bank of New York says the July 2020 Empire State Manufacturing General Business Conditions Index is at +17.2, June 2020 was at -0.2, May 2020 -48.5, July 2020 +4.2. “Firms remained optimistic about the six-month outlook, though less so than in June.” NYFed PR link.

The US Federal Reserve releases the Beige Book, says “Economic activity increased in almost all Districts, but remained well below where it was prior to the COVID-19 pandemic… Outlooks remained highly uncertain, as contacts grappled with how long the COVID-19 pandemic would continue and the magnitude of its economic implications.” USFed PR link.

***Tuesday, July 14

Amazon(PBR2) is collaborating with national provider Crossover Health to pilot convenient health centers for employees near its fulfillment centers and operations facilities in Texas, with 20 centers planned for 5 states in months ahead. $AMZN PR link.

Verizon(PBR19) announces several enhancements to its BlueJeans by Verizon videoconferencing service, including being able to host up to 150 speakers and 50,000 attendees. $VZ PR link.

Boeing(PBR40) delivered 20 commercial airplanes during 2Q20, had delivered 70 in 2Q19, reflects the significant impacts of the COVID-19 pandemic on customers and operations. $BA PR link.

3M(PBR98) and MIT doing research to learn if a simple-to-use, diagnostic device can produce highly accurate results to detect COVID-19 within minutes and is feasible to mass manufacture. $MMM PR link.

MGM Resorts(PBR241) to reopen its Borgata Hotel Casino & Spa in Atlantic City, NJ, on 07/26/20, with health protocols. $MGM PR link.

Lithia Motors(PBR245) has acquired $60 million in annual revenues DCH Subaru of Thousand Oaks, CA, now has 189 physical locations across the US through its 6 business lines. $LAD PR link.

Bed Bath & Beyond(PBR276) in Investors FAQ document says nearly all stores have opened, For the month of June, total comparable sales, for stores that have reopened and from digital channels combined, was positive and cash flow was positive. $BBBY PR link.

PVH(PBR311) to streamline its N American operations, is exiting its 162 outlet store Heritage Brands Retail business by mid 2021 and reducing its office workforce by approximately 450 positions or 12%. $PVH PR link.

Sirius XM Radio(PBR388) adds $2 billion to its share repurchase program. $SIRI PR link.

The US Dept of Labor says the June 2020 US Monthly All Items Consumer Price Index is at +0.6%, May 2020 was at -0.1%, April 2020 -0.8%, June 2019 +0.1%, Last 12 Months(Unadjusted) is at +0.6%USDOL PR link.

The US Dept of Labor says the Preliminary June 2020 US Current Employee Average Earnings Per Hour is at $29.37, Average Weekly Hours are at 34.5, for Current Average Weekly Earnings of $1,013.27, May 2020 was at $1,031.28, April 2020 $1,027.03, June 2019 $961.82. USDOL PR link.

CoreLogic says the April 2020 US Home Mortgages 30 or More Days Delinquent is at 6.1%, March 2020 was at 3.6%, February 2020 3.6%, April 2019 3.6%. “Early-stage delinquencies (30-59 days past due) reached its highest level in at least 21 years in April. With home prices expected to drop 6.6% by May 2021, thus depleting home equity buffers for borrowers, we can expect to see an increase in later-stage delinquency and foreclosure rates in the coming months.” CoreLogic PR link.

***Monday, July 13

PBRMarketTools profiles HCA Holdings(NYSE: $HCA), one of the leading providers of healthcare services in the US, ranked 64 by revenues on The PBR1000. More on the HCA Holdings Spotlight page.

Walt Disney(PBR49) to again temporarily close Hong Kong Disneyland on 07/15/20 as required by the government and health authorities per coronavirus cases increase, resort hotels will remain open with adjusted level of services. $DIS PR link.

Pfizer(PBR63) and BioNTech SE (Nasdaq: BNTX) say two of the companies’ four investigational vaccine candidates from their BNT162 mRNA-based vaccine program (BNT162b1 and BNT162b2) being developed to help protect against SARS-CoV-2 received Fast Track designation from the US FDA, could manufacture 100 million doses by end of 2020 if all milestones and regulatory requirements met. $PFE PR link.

Hewlett Packard Enterprises(PBR102) to acquire Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, for $925 million cash, will be combined with HPE’s Aruba business unit, to close by 10/31/20. $HPE PR link.

Sirius XM Radio(PBR388) to acquire pioneer in podcast production, distribution, and ad sales company Stitcher from E W Scripps (NASDAQ: SSP) for $265 million cash plus up to $60 million based on milestones achieved, to close in 3Q20. $SIRI PR link.

Analog Devices(PBR463) to acquire analog and mixed-signal products and technologies developer Maxim Integrated(PBR852) in an all stock transaction that will value the combination at $68 billion, 69% owned by ADI 31% by MXIM, to close in summer 2021. $ADI PR link.

AMC Entertainment(PBR501) reaches agreement to reduce debt by at least $460 million and secures $300 million in new funding. $AMC PR link.

Edwards Lifesciences(PBR598) settles with Abbott Labs(PBR99) on all outstanding patent disputes in cases related to transcatheter mitral and tricuspid repair products, EW to pay a one-time settlement fee plus royalty expenses through May 2024. $EW PR link.

The US Dept of Treasury says the June 2020 US Federal Government Receipts are $240.8 billion, Outlays $1,104.9 billion, Deficit is $864.1 billion; YTD Receipts(9 months) is at $2.260 trillion, YTD Outlays $5.004 trillion, YTD Deficit is at $2.744 trillion, June 2019 YTD Deficit was at $747.1 billion. US Treasury PR link.

The Federal Reserve Bank of New York says the June 2020 US Survey of Consumer Expectations shows that “consumers … remain less optimistic about earnings growth, income growth, and job finding expectations compared to the period before the COVID-19 outbreak. But some indicators measuring the outlook for household financial conditions show considerable improvement: home price growth expectations increased and the average probability of missing a future minimum debt payment reached a new series low.” NYFed PR link.

Adobe reports that June 2020 US Total Online Spending “was at $73 billion, up 76.2% from June 2019, down from May’s $82.5 million – a decrease that, in general, is typical at this time of the year… spend is still tracking above 2019 holiday season levels.” Adobe PR link.

***Friday, July 10

The PBRMarketTools US Stock Exchanges Recap for Week 28 ending 07/10/20:

DJIA ends Week 28 at 26,075.3, +0.96% from last Friday, +1.02% MTD/QTD, -8.63% YTD, -11.76% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 28 at record 10,617.44, +4.01% from last Friday, +5.55% MTD/QTD, +18.33% YTD, +0.00% from record 10,617.44 set 07/10/20.

SPX ends Week 28 at 3,185.04, +1.76% from last Friday, +2.73% MTD/QTD, -1.42% YTD, -5.94% from record 3,386.15 set 02/19/20.

The Week 28 News Summary: Like an untamed wildfire the coronavirus pandemic continues to be a part of nearly every news item. The coronavirus pandemic tally as of today at 12:35PM Eastern US by the John Hopkins University CSSE unit is now 12,376,147 confirmed cases globally with 556,895 deaths. For the US it’s 3,163,505 confirmed cases and 133,777 deaths. However, US economic news was generally positive to neutral throughout the week. While states vacillate between reopening or reclosing their economic engines nationally job hires were up, initial jobless claims were down a little, business surveys indicated mostly positiveness, most major brand retail chains have reopened nearly all their locations, but permanent workforce reductions have been announced as retailers restructure their operations and push for a more balanced digital e-commerce/brick and mortar stores mixed model. Most economic leaders indicate that they are seeing a 2 or more years recovery, especially if the coronavirus pandemic continues. Health officials and companies are indicating that a vaccine will be available by the end of the year at the earliest. Professional and college sports, a big staple of the American lifestyle, struggle to figure out how to move ahead. Riots and protests that sometimes included the tearing down of statues were noticeably absent during the week as people are finding out that having meaningful discussions are more productive. The opening of schools at all levels for the fall season is becoming a big issue loaded with lots of well-intended ideas and opinions, with a lot of important decisions to be made. The US presidential race heated up a little bit and looks to start accelerating soon. Amid all that news the US stock exchanges moved forward for a second week in a row. The Stock Market Bull did a big snort against the coronavirus as the NASDAQ chalked up 4 record days during the week and it continues to be well ahead for the year. The Stock Market Bear did take 2 out of the first 4 days, but it was for naught as on Friday The Stock Market Bull confidently ruled the pasture at the end of the day to take Week 28 with a 3-0 win. Next week there is a lot of economic news scheduled along with the constant coronavirus pandemic updates, so it should be another interesting week with more volatility probable. Stay safe, take a deep breath when needed, and stay focused on doing the best you can during these uncertain times.

The Week 28 of 2020 tally YTD is:
The Stock Market Bull: 15 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 1 week

Carnival Corp(PBR152) sold 1 ship in June, has sell agreements for 5 ships, preliminary agreements to sell another 3 ships, all within 90 days, expects only 5 of 9 ships scheduled for delivery in fiscal years 2020 and 2021 to be delivered by end of fiscal 2021. $CCL PR link.

Royal Caribbean(PBR283) has purchased the remaining shares it did not own of Silversea Cruises, a pioneer and leader in ultra-luxury and expedition cruising, had purchased two-thirds of company in 07/18, used 5.2 million RCL shares for this purchase. $RCL PR link.

Penn Natl Gaming(PBR514)‘s Plainridge Park Casino in Massachusetts reopened on July 8 and Hollywood Casino Bangor in Maine is reopening today, 37 of its 41 gaming and racing properties have resumed operations with social distancing and safety protocols. $PENN PR link.

Square(PBR561) has acquired Stitch Labs, an operations management platform for growing commerce brands, plans to sunset Stitch Labs’s products in Spring 2021 so the team can focus on building out Square tools. $SQ PR link.

Express(PBR893) says 95% of its fashion stores have reopened, traffic and sales have steadily improved and its e-Commerce demand was positive in June. $EXPR PR link.

Greenbrier(PBR740) Chairman/CEO Bill Furman has agreed to continue in his current position for up to two more years, to retire from all positions in 09/22, agrees to modified compensation program. $GBX PR link.

The US Dept of Labor says the Preliminary June 2020 US Producer Price Index Total Monthly Final Demand is at -0.2%, May 2020 was at +0.4%, April 2020 -1.3%, June 2019 -0.2%; Last 12 Months Change is at -0.8%USDOL PR link.

***Thursday, July 9

Walgreens Boots Alliance(PBR18) in 3Q20 report says most significant COVID-19 impact was in UK market, resulting in non-cash impairment charges of $2 billion, reorganization actions will impact more than 4,000 positions (7% of the workforce, mostly in the UK). $WBA PR link.

Merck(PBR66) Animal Health division gets US FDA approval for BRAVECTO® 1-MONTH (fluralaner) Chews for dogs and puppies 8 weeks of age and older, for treatment and prevention of fleas and treatment and control of ticks. $MRK PR link.

AbbVie(PBR94) gets US FDA approval for a supplemental Biologics License Application (sBLA) that supports expanded use of BOTOX® for the treatment of spasticity in pediatric patients 2 years of age and older, including those with lower limb spasticity caused by cerebral palsy. $ABBV PR link.

Carnival Corp(PBR152)’s Germany based AIDA Cruises unit to resume sailing operations in 08/20 with 3 sailings. $CCL PR link.

MGM Resorts(PBR241) gets multi-year sports betting partnership with the Denver Broncos, includes a new BetMGM Lounge at Empower Field of Mile High Stadium. $MGM PR link.

ConAgra Brands(PBR322) launches more than two dozen new products, hitting shelves this summer, including plant-based meals, keto-friendly diets. $CAG PR link.

Harley-Davidson(PBR508) is overhauling its global operating model, including a leaner, more nimble organization, called The Rewire, requires approximately 700 fewer positions across the company’s global operations with approximately 500 employees expected to exit the organization through 2020. $HOG PR link.

The US Dept of Commerce/Census says the Preliminary May 2020 Wholesale Sales-Durable Goods is at $207.5 billion, Non-Durable Goods $211.6, Total Wholesale Sales $419.1 billion, April 2020 was at $397.6 billion, March 2020 $475.6, May 2019 $500.2 billion. USDOC PR link.

***Wednesday, July 8

Ford(PBR12) in 2Q20 report says sales in greater China were at 158,589 vehicles, represents a 3% growth year-over-year and 78.7% sales increase compared to 1Q20. $F PR link.

Walgreens Boots Alliance(PBR18) to be the first national pharmacy chain to offer full-service doctor offices co-located at its stores at a large scale, following a highly successful trial begun last year, in partnership with VillageMD will open 500-700 “Village Medical at Walgreens” physician-led primary care clinics in more than 30 US markets in the next five years, with the intent to build hundreds more thereafter, initially will be staffed by more than 3,600 primary care providers, who will be recruited by VillageMD. $WBA PR link.

IBM(PBR38) to acquire Brazilian software provider of robotic process automation (RPA) WDG Automation, further advances IBM’s AI-infused automation capabilities, to close in 3Q20, terms not disclosed. $IBM PR link.

Allstate(PBR70) to acquire National General Holdings Corp for approximately $4 billion in cash, or $34.50 per share, 2019 gross premiums written were $5.6 billion, generated operating income of $319 million, to close in early 2021. $ALL PR link.

United Airlines(PBR73) SEC filings says it has informed approximately 36,000 US-based employees, either directly or through a union representative, of plans to implement a workforce reduction at their work location, is part of the Company’s strategic realignment of its business and new organizational structure as a result of the impacts of the COVID-19 pandemic. $UAL PR link.

American Express(PBR72), Discover Financial(PBR227), MasterCard(PBR186) and VISA(PBR130) are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV® Secure Remote Commerce industry standard, universal digital checkout solution started in the US in October 2019, in use b over 10,000 merchants. $V PR link.

Bed Bath & Beyond(PBR276) in 1Q20 report says it has seen a surge in online buying, plans on closing around 200 stores over the next 2 years, response to COVID-19 pandemic. $BBBY PR link.

KKR(PBR609) to acquire 2+ million policyholders retirement and life insurance company Global Atlantic Financial Group Ltd, had a book value of around $4.4 billion on 03/31/20, will continue to operate as a separate business with its existing brands and management team. $KKR PR link.

Party City(PBR846) has regained compliance with the NYSE continued listing standards, stock price has averaged over $1.00/share over the past 30 days. $PRTY PR link.

Cedar Fair(PBR964)’s WildWater Adventure waterpark at Michigan’s Adventure is set to open the 2020 season on Thursday,07/16/20, reservations will be required, available starting 07/08/20. $FUN PR link.

The US Federal Reserve says the Preliminary May 2020 US Consumer Credit Outstanding Annual Rate-Revolving is at $995.6 billion, Non-Revolving $3,117.3 billion, Total $4,119.9 billion, April 2020 was at $4,131.2 billion, March 2020 $4,201.4 billion, May 2019 $4,085.8 billion. USFed PR link.

***Tuesday, July 7

The monthly The PBR25 Top 25 Buy Stocks has been released, Estimated Average 12 Month Return is 31.2%, Average Number of Buy Recommendations is 19. More at the The PBR25 page.

The June 2020 PBRMarketTools US Economic Indices Snapshot has been released, with over 400 rows of economic data covering jobs, housing, manufacturing, wholesale, retail, construction, stocks/commodities, currencies, business and consumer surveys and more plus the calendar of releases for July. More details on the US Economic Indices info page.

Altria(PBR114) gets the US FDA authorization for the marketing of the IQOS tobacco heating system as a modified risk tobacco product with a reduced exposure claim. $MO PR link.

Carnival Corp(PBR152) announces delay of its newest cruise ship and delays in cruises and some cruise cancellations, impact of the coronavirus pandemic. $CCL PR link.

Regeneron(PBR387) gets $450 million contract from a joint operation of the US Dept of Health & Human Services and the US Dept of Defense to manufacture and supply REGN-COV2, its investigational double antibody cocktail that is currently in two Phase 2/3 clinical trials for the treatment of COVID-19 and in a Phase 3 trial for the prevention of COVID-19 infection. $REGN PR link.

Nielsen Holdings(PBR448) optimization plan includes exiting several smaller, underperforming markets and non-core businesses in 2H20, global reduction in force of approximately 3,500 employees. $NLSN PR link.

The US Dept of Labor says the Preliminary May 2020 US Job Openings is at 5,397,000, April 2020 was at 4,996,000, May 2019 7,301,000; May 2020 US Job Hires is at 6,488,000, April 2020 was at 4,047,000, May 2019 5,687,000; May 2020 Job Separations is at 4,145,000, April 2020 was at 9,975,000, May 2019 5,547,000. USDOL PR link.

FannieMae says the June 2020 US Home Purchase Sentiment Index is at 76.5, May 2020 was at 67.5, April 2020 63.0, June 2019 91.5. “The share of renters who say it’s a good time to buy a home is now at its highest level in five years, suggesting favorable conditions for first-time homebuying… We believe the continuing uncertainty regarding the coronavirus’ containment suggests an uneven and potentially volatile course toward economic recovery.” FannieMae PR link.

The PurdueU/CME Group June 2020 Ag Economy Barometer Composite Index is at 117, May 2020 was at 103, April 2020 96, June 2019 126. “Farmer Sentiment Rebounds Amidst Ongoing COVID-19 Concerns.” PurdueU/CME Group PR link.

***Monday, July 6

PBRMarketTools profiles OneMain Holdings(NYSE: OMF), the largest lending-exclusive financial company in the US, ranked #557 by revenues on The PBR1000. More on the OneMain Holdings Spotlight page.

Duke Energy(PBR115) to invest $56 billion over 5 years in renewables, battery storage, energy efficiency programs and grid projects, will advance clean energy agenda without the Atlantic Coast Pipeline project. $DUK PR link.

Dominion Energy(PBR194) and Duke Energy(PBR115) cancel the Atlantic Coast Pipeline (“ACP”), despite last month’s 7-2 victory at the US Supreme Court, due to ongoing delays and increasing cost uncertainty, which had jumped from $4.5-5.0 billion to $8 billion, which threaten the economic viability of the project. $D PR link.

Dominion Energy(PBR194) to sell substantially all of its Gas Transmission & Storage segment assets, including more than 7,700 miles of natural gas storage and transmission pipelines and about 900 billion cubic feet of gas storage, to Berkshire Hathaway(PBR6) for $9.7 billion, includes $5.7 billion of debt, to close in 4Q20. $D PR link.

Uber(PBR225) to acquire Postmates for approximately $2.65 billion in an all-stock transaction, Uber to issue approximately 84 million shares of common stock for 100% of the fully diluted equity of Postmates, to close in 1Q21. $UBER PR link.

Regis Corp(PBR999) says 88% of franchise salon locations were open and 68% of company-owned salons were open as of 07/01/20, closed on the sale of 88 company-owned locations to franchisees in June, completes restructuring process as part of becoming a franchise business model only. $RGS PR link.

The Institute for Supply Management says the June 2020 US Non-Manufacturing Index(>50% = economy expanding) is at 57.1%, May 2020 was at 45.4%, April 2020 41.8%, June 2019 55.1%. “Respondents remain concerned about the coronavirus and the more recent civil unrest; however, they are cautiously optimistic about business conditions and the economy as businesses are beginning to reopen…” ISM PR link.

IHS Markit says the June 2020 US Composite PMI Output Index is at 47.9, May 2020 was at 37.0, April 2020 27.0, June 2019 51.5. “… companies expressed optimism towards the outlook for output over the coming year for the first time since March.” IHS Markit PR link.

***Friday, July 3

***US Federal Holiday in observance of
***Independence Day on Saturday, July 4th.
***US Stock Exchanges Closed.
***Remembering that all people
***are created equal.

***Thursday, July 2

The PBRMarketTools US Stock Exchanges Recap for Week 27 ending 07/03/20:

DJIA ends Week 27 at 25,827.36, +3.25% from last Friday, +0.06% MTD/QTD, -9.50% YTD, -12.60% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 27 at record 10,207.63, +4.62% from last Friday, +1.48% MTD/QTD, +13.76% YTD, +0.00% from record 10,207.63 set 07/02/20.

SPX ends Week 27 at 3,130.01, +4.02% from last Friday, +0.96% MTD/QTD, -3.12% YTD, -7.56% from record 3,386.15 set 02/19/20.

The Week 27 News Summary: During the week the month of June 2020 came to an end on a positive note. Week 27 ends continuing that trend. However, the Coronavirus Pandemic is threatening that in future weeks with a strong spike up in new cases today. On the other hand there was some new promising vaccine news. The coronavirus pandemic tally as of today at 1:33PM Eastern US by the John Hopkins University CSSE unit is now 10,780,980 confirmed cases globally with 518,121 deaths. For the US it’s 2,724,640 confirmed cases and 128,574 deaths. The US economy showed some strength as 4.8 million jobs were regained in the last month and the weekly US initial unemployment claims moved downward a little. Factory orders increased more than expected. But, once again, this might be temporary good news if states, cities and the US government impose new restrictions that force some reclosings, and this was a topic as Fed Chair Powell and US Treasury Secretary Mnuchin gave testimony in Congress this week. With the mixed good news The Stock Market Bull dominated the shortened week by a large margin with The Stock Market Bear taking only 1 session from the DJIA and none from the NASDAQ, which closed the week at a new record, or the SPX. The trend between the Bull and the Bear continues back and forth for the 5th straight week. We head into the long weekend to celebrate US Independence Day with what appears to be a spirit of cautious optimism as the 2nd half of 2020 starts, but also with the nation struggling with social distancing and masking practices, the resurfacing of significant inequality issues and a looming contentious US presidential election.

The Week 27 of 2020 tally YTD is:
The Stock Market Bull: 14 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 1 week

Tesla(PBR117) produces 102,672 electric vehicles in a profitable 1Q20, 1Q19 was at 77,138. $TSLA PR link.

American Electric Power(PBR202) to acquire the entire planned 1,485 MW of North Central wind generation, is investing approximately $2 billion to bring new renewable energy to Public Service Company of Oklahoma (PSO) customers and SWEPCO customers in Arkansas and Louisiana, did not get Texas approval, customers to save over $3 billion over the next 30 years. $AEP PR link.

MGM Resorts(PBR241) to reopen the Springfield, MA based MGM Springfield in a limited capacity to the public on Monday, 07/13/20. $MGM PR link.

HanesBrands(PBR421) has completed production and distribution of more than 450 million all-cotton cloth face coverings and more than 20 million medical gowns supplied to the US government for use during the COVID-19 pandemic. $HBI PR link.

Alexion Pharmaceutical(PBR535) settles a suit, based on the Foreign Corrupt Practices Act, with the US Securities & Exchange Commission; without admitting or denying the SEC’s findings, Alexion will make a payment of approximately $21.5 million to the SEC. $ALXN PR link.

Coty(PBR353) CEO Peter Harf to become Executive Chairman, Sue Y. Nabi hired to be CEO, both effective 09/01/20. $COTY PR link.

The US Dept of Labor says the June 2020 US Civilian Labor Force Employed is at 142,182,000, +4,490,000 from May 2020, -14,283,000 from June 2019, Unemployed is at 17,750,000, -3,235,000 from May 2020, +11,774,000 from June 2019, Unemployment Rate is at 11.1%, May 2020 was at 13.3%, April 2020 14.7%, June 2019 3.7%. USDOL PR link.

The US Dept of Commerce/Census says the Preliminary May 2020 Exports-Goods is at $90.0 billion, Services $54.5 billion, Total Exports $144.5 billion; May 2020 Imports-Goods is at $166.0 billion, Services $33.1 billion, Total Imports $199.2 billion, Total Deficit is at $54.6 billion, May 2019 Total Deficit was at $51.3 billion; Total Exports YTD(5 months) $908.1 billion, Total Imports YTD $1,131.3 billion, Total YTD Deficit $223.2, May 2019 Total YTD Deficit was $245.5 billion. USDOC PR link.

The US Dept of Commerce/Census says the Preliminary May 2020 Manufacturers New Orders-Durable Goods is at $193.8 billion, Non-Durable Goods $219.0 billion, Total New Orders $412.8 billion, April 2020 was at $382.3 billion, March 2020 $441.8 billion, May 2019 $490.7 billion. USDOC PR link.

***Wednesday, July 1

Walmart(PBR1) announces Camp by Walmart, a free star-studded virtual camp with 200+ activities that brings summer fun directly to customers’ own backyards; in partnership with Tribeca will be using 160 store parking lots for contact-free drive-in movie theaters for 320 showings starting in 08/20, will end in 10/20. $WMT PR link.

Apple(PBR4 $AAPL) to re-close 30 stores because new COVID-19 cases, 77 now closed out of its 271 stores. MarketWatch PR link.

Kroger(PBR22) gets US FDA Emergency Use Authorization approval for its COVID-19 Test Home Collection Kit, results confirmed in less than 72 hours, in partnership with Gravity Diagnostics plans to process more than 60,000 tests per week by 07/31/20. $KR PR link.

Centene(PBR42) to establish an East Coast headquarters in Charlotte, NC, will begin multi-phase construction on the new 1+ million sf campus in 08/20, plans to create 6,000 new jobs and invest $1 billion in the Charlotte community over time, corporate headquarters will remain in St. Louis, MO. $CNC PR link.

Pfizer(PBR62) and BioNTech SE (Nasdaq: BNTX) announce positive preliminary data from the most advanced of four investigational vaccine candidates from their BNT162 mRNA-based vaccine program, Project Lightspeed, against SARS-CoV-2, the virus causing the current global pandemic. $PFE PR link.

Merck(PBR66) gets US Federal Trade Commission approval to acquire exclusive worldwide rights from Ridgeback Therapeutics to develop EIDD-2801, an investigational orally-available antiviral agent currently in early clinical development for the treatment of patients with COVID-19. $MRK PR link.

T-Mobile US(PBR69), per agreement with the US Justice Department, completes its $1.4 billion sale of Sprint’s 9.3 million customers prepaid wireless business to DISH(PBR243)$TMUS PR link.

United Airlines(PBR73) adds nearly 25,000 domestic and international flights in August, 40% of its overall schedule compared to August 2019. $UAL PR link.

Coca-Cola(PBR82 $KO) to close by 07/31/20 Odwalla juice business and 230 refrigerated trucks network that delivered fresh drinks to stores, will cut around 300 jobs, decision base on changing consumer tastes. MarketWatch PR link.

McDonald’s(PBR149 $MCD) is pausing the reopening of more of dine-in service in the US as coronavirus cases continue to spread across states, 2,200 of its 14,000 US restaurants currently have dine-in available. MarketWatch PR link.

PG&E(PBR184) emerges from Chapter 11 Bankruptcy, has new board of directors, funds Fire Victim Trust with $5.4 billion in cash and common stock representing 22.19% ownership stake in PG&E. $PCG PR link.

Constellation Brands(PBR337) acquires e-commerce digitally-native wine brand and direct-to-consumer (DTC) platform Empathy Wines, was launched in 2019, has sold 15,000 cases of wine to 2,000 subscribers, terms not disclosed. $STZ PR link.

Capri(PBR519) in 4Q21 report says all Versace, Jimmy Choo and Michael Kors stores in the Americas closed in mid-March 2020, approximately 70% of the 455 retail stores in the region are open, anticipate opening the vast majority of the remaining locations by 09/30/20. $CPRI PR link.

Tailored Brands(PBR773)’s Men’s Wearhouse subsidiary does not make a $6.1 million interest payment due 07/01/20, has 30 day grace period to make the payment, corporate has paid its own interest payment. $TLRD PR link.

Roku(PBR993) adds Peloton health & fitness app channel, 30 day free trial, $12.99/mo after the trial. $ROKU PR link.

ADP says the Preliminary June 2020 US Change In Employment-Small Businesses is at +937,000, Mid-Sized +559,000, Large-Sized 873,000, Total Change +2,369,000, May 2020 was at +3,065,000, April -19,409,000, June 2019 +102,000. More details at the link. ADP PR link.

The US Dept of Commerce/Census says the Preliminary May 2020 Total Construction Spending Annual Rate-Residential is at $543.9 billion, Non-Residential $812.5 billion, Total $1,356.4 billion, April 2020 was at $1,386.1, March 2020 $1,426.7 billion, May 2019 $1,352.9 billion. USDOC PR link.

The US Federal Open Market Committee releases the 06/09-10/20 meeting minutes. “Over the intermeeting period, risk sentiment improved, on net, as optimism over reopening the economy, potential coronavirus treatments, the unexpectedly positive May employment situation report, and other indicators that suggest that economic activity may be rebounding more than offset concerns arising from otherwise dire economic data releases, warnings from health experts that openings may have been premature, and renewed tensions between the United States and China.” FOMC PR link.

The Institute for Supply Management says the Preliminary June 2020 US Manufacturing PMI Index(>50 Economy expanding) is at 52.6%, May 2020 was at 43.1%, April 2020 41.5%, June 2019 51.7%. “As predicted, the growth cycle has returned after three straight months of COVID-19 disruptions. Demand, consumption and inputs are reaching parity and are positioned for a demand-driven expansion cycle as we enter the second half of the year.” ISM PR link.

The IHS Markit June 2020 US Manufacturing PMI Index is at 49.8, May 2020 was at 39.8, April 2020 36.1, June 2019 50.6. “The downward trend in production eased markedly as new orders stabilised amid reports of a relative improvement in demand conditions… Optimism about the year ahead meanwhile revived considerably.” IHS Markit PR link.

***Tuesday, June 30

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

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

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

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

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

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

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

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

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

(Image courtesy of FreeDigitalPhotos.net, Danilo Rizzuti)

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

The PBR1000 June 2020 Stocks & Commodities Snapshots

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

PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

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

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

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

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

 

The June 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 0, NASDAQ 5, SPX 0

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

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

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

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

The PBR1000 June 2020 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 May 2020 Stocks & Commodities Snapshots

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

PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

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

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

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

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

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

 

The May 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

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

Record Days: DJIA 0, NASDAQ 0, SPX 0

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

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

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

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

The PBR1000 May 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 May 2020 Breaking News Recap

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

PBR1000 COVID19 Coronavirus Economy

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

By Larry C. Paxton

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

***Friday, May 29

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, May 28

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, May 27

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, May 26

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, May 25

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

***Friday, May 22

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

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

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

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

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

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

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

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

***Thursday, May 21

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

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

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

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

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

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

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

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

***Wednesday, May 20

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

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

***Tuesday, May 19

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

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

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

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

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

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

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

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

***Monday, May 18

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

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

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

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

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

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

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

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

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

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

***Friday, May 15

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, May 14

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

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

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

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

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

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

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

***Wednesday, May 13

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

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

***Tuesday, May 12

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

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

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

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

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

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

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

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

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

***Monday, May 11

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

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

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

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

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

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

***Friday, May 8

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, May 7

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, May 6

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

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

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

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

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

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

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

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

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

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

***Tuesday, May 5

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, May 4

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, May 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, April 30

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

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

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

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

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

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

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, 28 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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

(Image courtesy of FreeDigitalPhotos.net, Stuart Miles)

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

The PBR1000 April 2020 Stocks & Commodities Snapshots

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

PBR1000 Snapshots Recap

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

By Larry C. Paxton

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

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

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

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

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

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

 

The April 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 0, NASDAQ 0, SPX 0

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

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

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

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

The PBR1000 April 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

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

The PBR1000 February 2020 Stocks & Commodities Snapshots

February 2020 The PBR1000:
A Win for the Coronavirus

PBR1000 Coronavirus

At the end of February The Stock Market Bear found a new buddy, the COVID-19 virus, which is causing the Coronavirus respiratory disease outbreak worldwide. How long will it last and what damage will it cause to people, the markets, and economies?

By Larry C. Paxton

The PBRMarketTools US Stock Exchanges Recap for February 2020 ending 02/28/20:

DJIA ends Week 9 and February at 25,409.36, -12.36% from last Friday, -10.07 MTD, -10.96% QTD/YTD, -14.02% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 9 and February at 8,567.37, -10.54% from last Friday, -6.38% MTD, -4.52% QTD/YTD, -12.73% from record 9,817.18 set 02/19/20.

SPX ends Week 9 and February at at 2,954.22, -11.49% from last Friday, -8.41 MTD, -8.56% QTD/YTD, -12.76% from record 3,386.15 set 02/19/20.

The Week 9 and February of 2020 News Summary: The primary focus globally has escalated to be just the novel coronavirus respiratory disease, still mostly in China, but increasing numbers in other countries of the world. Containment is still uncertain, the economic impact still unmeasurable to any degree of accuracy. In the US President Trump gave a speech and took questions at a press conference, and appointed Vice President Pence to lead the effort to continue to contain coronavirus. President Trump also had a state visit to India, the largest democracy in the world, negotiated for a new treaty, and announced India’s purchase of $3 billion of US military goods. In the US economic indices continue to be mostly positive, but most surveys and analyses are based on results prior to the increased news about the coronavirus. The same can be said for US corporate earnings reports, which were mostly positive, but many provided guidance with caveats about future earnings based on, once again, coronavirus. The Stock Market Bull was noticeably absent during the week, The Stock Market Bear, aka SARS CoV-2, prevailed significantly every day to take a big win 3-0 for Week 9 and for February.

The Week 9 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 4 weeks
Mixed Results: 1 week

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

 

The February 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 19

Number of Gain(+)/Loss(-) Days: DJIA 7+/12-; NASDAQ 12+/7-; SPX 9+/10-.

Record Days: DJIA 1, NASDAQ 8, SPX 6

Longest Gain Streak(Consecutive Days): DJIA 4 days(02/03-06/20), NASDAQ 4 days(02/03-06/20),  and SPX 4 days(02/03-06/20)

Longest Loss Streak(Consecutive Days): DJIA 7 days(02/20-28/20), NASDAQ 4 days(02/20-25/20), and SPX 7 days(02/20-28/20)

Big Swing Up Days(>1.00%): 4 days, 02/03/20(N +1.34%), 02/04/20(D +1.44%, N +2.10%, S +1.50%), 02/05/20(D +1.68%, S +1.13%), 02/10/20(N +1.13%)

Big Swing Down Days(<-1.00%): 5 days, 02/21/20(N -1.79%, S -1.05%), 02/24/20(D -3.56%, N -3.71%, S -3.35%), 02/25/20(D -3.15%, N -2.77%, S -3.03%), 02/27/20(D -4.42%, N -4.61%, S -4.42%), 02/28/20(D -1.39%)

The PBR1000 February 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 February 2020 Snapshots. The price for stocks is for the close of trading on February 28, 2020, 1 Month % Chg is compared to January 31, 202012 Months % Chg is compared to February 28, 2019, and the 24 Months % Chg is compared to February 28, 2018. The PBR Rank is by annual revenues.

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

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

Table 1 Summary: The range was +110% to -93%69 out of 1,000 stocks were up 0% or more. The average was a loss of 8.49%, the median was a loss of 10.27%. The DJIA was -10.1%, NASDAQ -6.4%, SPX -8.4%.

Company PBR
Rank
Symbol Price
02/28/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Sprint 88 S $ 9.19 +110 +45 +77
UNISYS
764 UIS $ 15.53 +60 +15 +39
LSC Communications
624 LKSD $ 0.29 +34 -97 -98
Regeneron Pharma
431 REGN $ 444.57 +32 +3 +39
Tutor Perini 567 TPC $ 14.50 +29 -23 -40

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

Table 2 Summary: The range was +109% to -99%401 out of 993 stocks were up 0% or more. The average was a gain of 1.55%, the median was a loss of 5.98%. The DJIA was -1.95%, NASDAQ +13.74%, SPX +6.10%.

Company PBR
Rank
Symbol Price
02/28/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
Tesla 146 TSLA $ 667.99 +3 +109 +95
AMD 442 AMD $ 45.48 -3 +93 +276
Sonic Auto 306 SAH $ 28.00 -11 +86 +43
NVIDIA 258 NVDA $ 270.07 +14 +75 +12
Roku 993 ROKU $ 113.67 -6 +71 +179

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

Table 3 Summary: The range was +276% to -99%413 out of 977 stocks were up 0% or more. The average was a gain of 5.07%. The median was a loss of 8.18%. The DJIA was +1.52%, NASDAQ +17.80%, SPX +8.86%.

Company PBR
Rank
Symbol Price
02/28/20
Mo
% Chg
YTD
% Chg
24 Mos
% Chg
AMD 442 AMD $ 45.48 -3 +93 +276
Rent-A-Center 795 RCII $ 21.29 -27 +14 +183
Roku 993 ROKU $ 113.67 -6 +71 +179
Chipotle 532 CMG $ 773.58 -11 +27 +143
FTI Consulting 884 FCN $ 112.59 -6 +52 +136

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

Table 4 Summary: The range was $1,203 billion to $0.01 billion. The average is $27.994 billionmedian is $7.31 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
02/28/20
Mo
% Chg
12/17
% Chg
12/14
% Chg
Microsoft 20 MSFT $ 1,203 B -8 +83 +214
Apple 4 AAPL $ 1,197 B -16 +37 +85
Amazon 2 AMZN $ 938 B +1 +69 +553
Alphabet 11 GOOG $ 905 B -10 +24 +153
Facebook 46 FB $ 541 B -9 +6 +149
The PBR1000
  $ 27,994 B -9 -8 +8

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

Company Price
02/28/20
Mo
% Chg
12 Mos
% Chg
24 Mos
% Chg
The PBR1000 89,284.21 -8.4 +1.6 +5.1
DJIA 25,409.36 -10.1 -2.0 +1.5
NASDAQ 8,567.37 -6.4 +13.7 +17.8
S&P500 2,954.22 -8.4 +6.1 +8.9
GOLD 1,587.30 -0.4 +20.7 +20.4
SILVER 16.68 -7.5 +6.7 +1.7
OIL            45.26 -12.3 -21.2 -26.6

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

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

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

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

(Graphic courtesy of US Center for Disease Control(CDC).)

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

The PBR1000 February 2020 Breaking News Recap

The PBR1000: Sweetheart Deals In February?

PBR1000 Stocks

The PBR1000 in the Sweetheart Month of February 2020 will continue to test how much investors love their equities investments.

By Larry C. Paxton

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

***Friday, February 28

The PBRMarketTools US Stock Exchanges Recap for Week 9 and February ending 02/28/20:

DJIA ends Week 9 and February at 25,409.36, -12.36% from last Friday, -10.07 MTD, -10.96% QTD/YTD, -14.02% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 9 and February at 8,567.37, -10.54% from last Friday, -6.38% MTD, -4.52% QTD/YTD, -12.73% from record 9,817.18 set 02/19/20.

SPX ends Week 9 and February at at 2,954.22, -11.49% from last Friday, -8.41 MTD, -8.56% QTD/YTD, -12.76% from record 3,386.15 set 02/19/20.

The Week 9 and February of 2020 News Summary: The primary focus globally has escalated to be just the novel coronavirus respiratory disease, still mostly in China, but increasing numbers in other countries of the world. Containment is still uncertain, the economic impact still unmeasurable to any degree of accuracy. In the US President Trump gave a speech and took questions at a press conference, and appointed Vice President Pence to lead the effort to continue to contain coronavirus. President Trump also had a state visit to India, the largest democracy in the world, negotiated for a new treaty, and announced India’s purchase of $3 billion of US military goods. In the US economic indices continue to be mostly positive, but most surveys and analyses are based on results prior to the increased news about the coronavirus. The same can be said for US corporate earnings reports, which were mostly positive, but many provided guidance with caveats about future earnings based on, once again, coronavirus. The Stock Market Bull was noticeably absent during the week, The Stock Market Bear, aka SARS CoV-2, prevailed significantly every day to take a big win 3-0 for Week 9 and for February.

The Week 9 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 4 weeks
Mixed Results: 1 week

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

Taylor Morrison Homes(PBR592) authorizes up to $100 million for renewal of its stock repurchase program, expires 12/31/20. $TMHC PR link.

IDEX(PBR819) completes $125 million cash acquisition of privately-held $60 million in annual revenues provider of flow measurement systems in the oil and gas industry Flow Management Devices$IEX PR link.

W.R. Grace(PBR903) increases its share repurchase authorization to $250 million, includes approximately $83 million remaining under its previously-announced program. $GRA PR link.

Cincinnati Bell(PBR973) amends agreement to be acquired by Brookfield Infrastructure(NYSE: BIP) from $10.50/share to $12.50/share, around $2.745 billion cash, includes debt, to close by 12/31/20. $CBB PR link.

Harley-Davidson(PBR478) President/CEO/Director Matthew Levatich steps down from all his roles after 26 years with the company, Board member Jochen Zeitz appointed as Acting President and CEO, also appointed Chairman and will continue that role when a new CEO is onboard, former Chairman Michael Cave is now Presiding Director. $HOG PR link.

Arch Coal(PBR822) CEO John W. Eaves to retire at annual meeting on 04/30/20, become Executive Chairman, succeeds James N. Chapman who will become Lead Indpendent Director, President/COO Paul A. Lang to become President/CEO, becomes member of the Board. $ARCH PR link.

The US Dept of Treasury says the US Government Natl Debt-Public on 02/27/20 is at $17.388 trillion, Intragovernmental Holdings $6.035 trillion, for Total US Government Debt of $23.423 trillion, +0.9% from 01/31/20, +5.9% from 02/28/19. USTreasury PR link.

The US Dept of Commerce/BEA says the Preliminary January 2020 Personal Income Annual Rate is at $18.981 trillion, +0.6% from December 2019, +4.0% from January 2019. USDOC PR link.

The American Automobile Assn says the US Average Price/Gallon of Gas on 02/29/20 is at $2.447, on 01/31/20 it was at $2.485, 12/31/19 $2.583, 02/28/19 $2.413. AAA PR link.

The MNI February 2020 Chicago Business Barometer(<50 is declining) is at 49.0, January 2020 was at 42.9, December 2019 48.9, February 2019 64.7. “The index moved
closer to the 50-no-change-threshold, shifting the
three-month average up to 46.7.” MNI PR link.

The U of Michigan Final February 2020 Consumer Sentiment Index is at 101.0, January 2020 was at 99.8, December 2019 99.3, February 2019 93.8. “… the domestic spread of the (corona)virus could have a significant impact on consumer spending. Importantly, the early indications suggested only a very modest impact as the Sentiment Index among consumers who mentioned the coronavirus was still quite high (just over 90.0).” UMichigan PR link.

***Thursday, February 26

Wells Fargo(PBR29 $WFC) ordered to pay $35 million by the US Securities and Exchange Commission for for failing reasonably to supervise investment advisers and registered representatives who recommended single-inverse ETF investments to retail investors, and for lacking adequate compliance policies and procedures. SEC PR link.

Dell(PBR34) authorizes new up to $1 billion share buyback program, expires in 24 months. $DELL PR link.

Facebook(PBR57) cancels its annual F8 developer conference over coronavirus concerns. -CNet $FB PR link.

PG&E(PBR181 $PCG) gets slapped with increase from $1.7 billion to $2.1 billion fine by California Public Utilities Commission for igniting a series of deadly wildfires. MarketWatch PR link.

Bed Bath & Beyond(PBR250) announces strategic restructuring program to simplify operations and reset cost structure, expects to reduce workforce by around 500. $BBBY PR link.

Zoetis(PBR471) gets US FDA approval for Simparica TrioTM (sarolaner, moxidectin, and pyrantel chewable tablets), the first once-monthly, chewable tablet in the US that delivers all-in-one protection from heartworm disease, ticks and fleas, roundworms and hookworms in dogs. $ZTS PR link.

Gardner Denver(PBR788 $GDI) will replace Cimarex Energy(PBR839 $XEC) in the S&P 500, and Cimarex Energy will replace Chesapeake Energy(PBR298 $CHK) in the S&P MidCap 400 effective prior to the open of trading on 03/03/20.

Verso Corp(PBR789) authorizes up to $250 million share repurchase program. $VRS PR link.

The US Dept of Commerce/BEA says the 4Q19 2nd Estimate Gross Domestic Product remains at +2.1%, $21.727 trillion, +0.9% from 3Q19, +4.0% from 4Q18. USDOC PR link.

The US Dept of Labor says the US 4 Week Moving Average Initial Unemployment Insurance Claims for 02/22/20 is at 209,750, 01/25/20 was at 214,500, 12/21/19 219,750, 02/23/19 229,000. USDOL PR link.

FreddieMac(PBR40) says the US 30 Year Fixed Mortgage Rate Average on 02/27/20 is at 3.45% with 0.7 fees & points, 01/29/20 was at 3.51%, 12/26/19 3.74%, 2/28/19 4.35%. $FMCC PR link.

***Wednesday, February 26

Chesapeake Energy(PBR298 $CHK) in 4Q20 earnings conference call says it will be filing for a reverse stock split in a few weeks. MotleyFool PR link.

Charles Schwab(PBR302) to acquire independent investment manager of fixed income separately managed accounts with $10.5 billion in assets under management Wasmer, Schroeder & Company, LLC in an all cash purchase, terms not disclosed. $SCHW PR link.

Insight(PBR409) authorizes up to $50 million share repurchase program, to retire the repurchased shares. $NSIT PR link.

Blackstone(PBR421 $BX) has purchased 28,000 student beds – along with a further 4,000 in the pipeline – for £4.7 billion ($6.1 billion) from Goldman Sachs(PBR85) in the UK’s largest ever private real estate transaction. MarketWatch PR link.

TreeHouse Foods(PBR473) to restructure from 3 divisions(Baked Goods, Beverages and Meal Solutions), to two divisions, Snacking & Beverages and Meal Preparation. $THS PR link.

Peabody Energy(PBR490) plan to own 66.5% Arch Coal(PBR826 $ARCH) 33.5% in joint venture to combine the companies’ Powder River Basin and Colorado coal assets gets negative split decision by the US Federal Trade Commission, Peabody/Arch will take the case to federal courts. $BTU PR link.

Brink’s(PBR659) to acquire for around $860 million the majority of the cash operations of UK-based $800 million in revenues in 2019 G4S plc (LSE: GFS), a global security and cash management company, acquisition to be accomplished in phases and be completed by 12/31/20. $BCO PR link.

Thermo-Fisher Scientific(PBR118) President/CEO Marc Casper elected to additional role of Chairman, effective immediately, succeeds Jim Manzi who remains on the Board. $TMO PR link.

Huntington Ingalls(PBR364) Chairman retired Adm. Thomas B. Fargo to retire from the board after the next annual meeting of shareholders on 04/28/20, retired Adm. Kirkland H. Donald elected to be successor. $HII PR link.

PPL Corp(PBR381) Chairman/CEO William H Spence to retire as CEO effective 06/01/20, will become Non-Executive Chairman, President/COO Vincent Sorgi to become President/CEO on 06/01/20. $PPL PR link.

The US Dept of Commerce/HUD says the Preliminary January 2020 New Family Home Sales Annual Rate is at 764,000 units, +7.9% from December 2019, +18.6% from January 2019; Median Price is at $348,200, +7.4% from December 2019, +14.0% from January 2019; New Homes Available are at 324,000; Months Supply is at 5.1. USDOC PR link.

The US Energy Information Administration says the US Crude Oil Stocks on 02/21/20 are at 443.3 million barrels of oil, +2.7% from 01/24/20, -0.6% from 02/22/19. USEIA PR link.

The National Retail Federation says consumers continue to drive economy, forecasts retail sales will grow 3.5 percent to 4.1 percent. NRF PR link.

***Tuesday, February 25

Comcast(PBR32) has acquired the free, live and on-demand streaming entertainment, news, sports and more, organized in a channel guide, and features over 190 different genre-grouped channels XUMO, based in Irvine, CA, terms not disclosed. $CMCSA PR link.

Mondelez(PBR109) to acquire a significant majority interest in $500 million in revenues/2019 Give & Go, a N American provider of fully-finished sweet baked goods and owners of the famous “two-bite”® brand and the “Create-A-Treat”® brand known for cookie and gingerbread house decorating kits, to close in 2Q20. $MDLZ PR link.

Principal Financial(PBR215) authorizes up to $900 million common stock repurchase program, as of 12/31/19, approximately $168 million remained under prior authorization. $PFG PR link.

Walt Disney(PBR45) Chairman/CEO Bob Iger steps down as CEO, becomes Executive Chairman through 12/31/21, will also direct creative endeavors, Chairman/Disney Parks, Experiences and Products Bob Chapek named CEO, both effective immediately. $DIS PR link.

MasterCard(PBR206) President/CEO Ajay Banga to become Executive Chairman on 01/01/21, Chief Product Officer Michael Miebach to become President on 03/01/20, also become CEO and Board member on 01/01/21. $MA PR link.

Arconic(PBR225) CEO John Plant to be Executive Chairman/Co-CEO of spinoff Howmet Aerospace upon separation on 04/01/20 through 03/31/23, President/Arconic Engineered Structures Tolga Oal to be other Co-CEO. $ARNC PR link.

Salesforce(PBR236) Co-CEO Keith Block steps down, remaining as Advisor to the CEO, Marc Benioff now both Chairman and only CEO. $CRM PR link.

The US Federal Reserve Bank of Richmond says the February 2020 US 5th District Manufacturing Index(Annualized) is at -2%, January 2020 was at +20%, December 2019 -5%, February 2019 +14%. “… the index for local business conditions remained positive, and manufacturers were optimistic that activity would improve in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the February 2020 US 5th District Service Sector Revenue Index(Annualized) is at +26%, January 2020 was at +10%, December 2019 +17%, February 2019 +16%. “Survey participants were optimistic that activity would be strong in the next six months.” RichmondFed PR link.

The Conference Board Preliminary February 2020 Consumer Confidence Index(1985=100) is at 130.7, January 2020 was at 130.4, December 2019 128.2, February 2019 131.4. “Consumers’ short-term expectations improved, and when coupled with solid employment growth, should be enough to continue to support spending and economic growth in the near term.” TCB PR link.

The S&P CoreLogic Case-Shiller December 2019 US National Composite Home Price Index(01/2000=100) is at 212.59, November 2019 was at 212.42, October 2019 212.20, December 2018 204.90. Case-Shiller PR link.

***Monday, February 24

Intel(PBR43) makes several hardware and software announcements for 5G networks infrastructure, including the launch of the new Intel Atom® P5900, a 10nm system-on-chip (SoC) for wireless base stations. $INTC PR link.

HP(PBR55) increases its total share repurchase authorization to $15 billion, up from the $5 billion share repurchase authorization announced in 10/19, says revised Xerox(PBR308) proposal, announced on 02/10/20, meaningfully undervalues HP, creates significant risk, and compromises HP’s future, HP is reaching out to Xerox to explore if there is a combination that creates value for HP shareholders that is additive to HP’s strategic and financial plan. $HPQ PR link.

Cisco(PBR62) launches SecureX, says it unifies visibility, identifies unknown threats, and automates workflows to strengthen customers’ security across network, endpoint, cloud, and applications, is a ‘radical simplification,’ will be included in every Cisco security product. $CSCO PR link.

Intuit(PBR426) to acquire consumer technology platform with more than 100 million members in the US, Canada and UK and around $1 billion in revenues in 2019 Credit Karma for around $7.1 billion cash and stock, to close in 2H20. $INTU PR link.

Perrigo(PBR538) and partner Catalent Pharma Solutions get US FDA approval for generic albuterol sulfate inhalation aerosol, the first AB-rated generic version of Teva Respiratory’s ProAir® HFA, indicated in patients 4 years of age and older for the treatment or prevention of bronchospasm with reversible obstructive airway disease and for the prevention of exercise-induced bronchospasm. $PRGO PR link.

Perrigo(PBR538) to acquire the oral care assets of High Ridge Brands for $113 million in cash in bankruptcy sale, assets include leading children’s oral care value brand, Firefly®, in addition to the REACH® and Dr. Fresh® brands, to close in 1Q20. $PRGO PR link.

Avis Budget(PBR329) enters into a new cooperation agreement with largest shareholder SRS Investment Management, will result in SRS providing 3 people for the 9 member Board. $CAR PR link.

The US Federal Reserve Bank of Chicago says the Preliminary January 2020 US National Activity Index is at -0.25, December 2019 was at -0.51, November 2019 +0.49, January 2019 -0.07. “Index points to an uptick in economic growth in January.” ChiFed PR link.

***Friday, February 21

The PBRMarketTools US Stock Exchanges Recap for Week 8 ending 02/21/20:

DJIA ends Week 8 at 28,992.41, -1.38% from last Friday, +2.61 MTD, +1.59% QTD/YTD, -1.89% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 8 at 9,576.59, -1.59% from last Friday, +4.65% MTD, +6.73% QTD/YTD, -2.45% from record 9,817.18 set 02/19/20.

SPX ends Week 8 at at 3,337.75, -1.25% from last Friday, +3.48 MTD, +3.31% QTD/YTD, -1.43% from record 3,386.15 set 02/19/20.

The Week 8 of 2020 News Summary: The major international story continues to be the acute respiratory disease coronavirus, aka COVID-19, which is still primarily in China and has spread to some other countries as well, though still in much smaller numbers. As Chinese and world health organizations grapple with the issue the economies of countries that have major trade with China are starting to be impacted. In the US this is starting to show up in some of the 4Q19 earnings reports and guidance for 2020 comments. However, the US economy still looks very good to this point, US corporate earnings reports were still mostly positive, and business and consumer surveys continued to reflect optimism. In US politics the Democrats had a debate in Nevada, the first to include new candidate multi-billionaire Michael Bloomberg, who was immediately attacked for his trying to buy the nomination. It was a 4 day trading week with US Presidents Day being observed on Monday. The Stock Market Bull had a great day on Wednesday with the NASDAQ and SPX having record days. But The Stock Market Bear gorged himself on Thursday and Friday on the coronavirus news to take Week 8 3-0.

The Week 8 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 3 weeks
Mixed Results: 1 week

Wells Fargo(PBR29) in settlement with the US Dept of Justice and the US Securities and Exchange Commission has agreed to make payments totaling $3 billion for the Company’s historical Community Bank sales practices and related disclosures. $WFC PR link.

Eli Lilly(PBR116) gets US FDA approval for Trulicity® (dulaglutide) for the reduction of major adverse cardiovascular events (MACE) in adults with type 2 diabetes who have established cardiovascular (CV) disease or multiple cardiovascular risk factors. $LLY PR link.

Cleveland-Cliffs(PBR841) $3.36/share $1.1 billion acquisition of producer of flat-rolled carbon, stainless and electrical steel products AK Steel(PBR424) gets last regulatory approval from the Mexican Competition Commission, scheduled to close on 03/13/20 when shareholders of both companies vote on the deal. $CLF PR link.

AVX(PBR931) to be acquired by 72% shareholder Kyocera Corp through all stock purchase of the 28% of common shares it does not own for $21.75/share, to close by 03/31/20. $AVX PR link.

The Natl Assn or Realtors says the January 2020 US Existing Homes Sales Annual Rate is at 5,460,000, -1.4% from December 2019, +9.6% from January 2019; Median Price is at $266,300, -3.0% from December 2019, +6.8% from January 2019; Median Days on Market is at 43 Days; Available inventory is at 1,420,000, a 3.1 Months SupplyNAR PR link.

***Thursday, February 20

HP(PBR55) adopts a limited duration shareholder rights plan to discourage proposals from companies like Xerox(PBR308) without first negotiating with the Board. $HPQ PR link.

Morgan Stanley(PBR63) to acquire online brokerage E*Trade(PBR753) for $58.74/share, around $13 billion all stock, to close in 4Q20. $MS PR link.

T-Mobile US(PBR70) acquisition of Sprint(PBR90) amended, Softbank to get 11.00 Sprint shares per T-Mobile share, up from 9.75, will result in Deutsche Telekom and SoftBank to hold approximately 43% and 24%, respectively, of the fully diluted New T-Mobile shares, with the remaining approximately 33% held by public shareholders, trying to close deal by 04/01/20. $TMUS PR link.

Eli Lilly(PBR116) completes $18.75/share around $1.1 billion cash acquisition of biopharmaceutical developer of new therapies for chronic skin conditions Dermira$LLY PR link.

L Brands(PBR237) selling 55% interest in Victoria’s Secret unit to Sycamore Partners for $525 million, will retain 45% minority stake, positions its Bath & Body Works unit as a highly profitable, standalone public company, upon closing Chairman/CEO Leslie Wexner to step down from his roles, remain a member of the Board as Chairman Emeritus, COO of Bath & Body Works Andrew Meslow to become CEO of L Brands. $LB PR link.

Hormel Foods(PBR320) to acquire family-owned pit-smoked meats company based in Henderson, TX witn $140 million in annual revenues Sadler’s Smokehouse for $270 million cash, to close in 03/20. $HRL PR link.

Huntsman(PBR324) completes $350 million cash acquisition of $230 million in annual revenues Icynene-Lapolla, a leading N American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from FFL Partners. $HUN PR link.

Wolverine World Wide(PBR858) to receive a payment of $55 million from 3M(PBR93) for Wolverine’s efforts to address PFAS remediation to ensure long-term water quality and continued environmental remediation per US District Court Consent Decree with the State of Michigan, Plainfield Charter Township, and Algoma Township. $WWW PR link.

The US Federal Reserve Bank of Philadelphia says the February 2020 US 3rd District Manufacturing General Activity Indicator is at +36.7, January 2020 was at +17.0, December 2019 +2.4, February 2019 -0.7. “… highest reading since February 2017… future indexes indicate that respondents continue to expect growth in manufacturing activity over the next six months.” PhillyFed PR link.

The Conference Board says the January 2020 US Leading Economic Index(2016=100) is at 112.1, December 2019 was at 111.3, November 2019 111.6, January 2019 111.4. “The strong pickup in the January US LEI was driven by a sharp drop in initial unemployment insurance claims, increasing housing permits, consumers’ outlook on the economy and financial indicators… the COVID-19 outbreak may impact manufacturing supply chains in the US in the coming months.” TCB PR link.

***Wednesday, February 19

Lithia Motors(PBR255) acquires two Lexus stores in Sacramento and Roseville, CA, generate $160 million in annual revenues, terms not disclosed. $LAD PR link.

Fiserv(PBR472) completes $510 million in net after-tax proceeds sale of 60% stake in its Investment Services Business to Motive Partners, Fiserv retains a 40% equity interest in the business. $FISV PR link.

Harley-Davidson(PBR478) authorizes an additional 10 million shares for its repurchase program, which had 8.2 million shares available at the end of 2019. $HOG PR link.

Ascena Retail(PBR492) has completed the wind down of its Dressbarn brand operations, closing over 650 stores, eliminates over $300 million of lease liability. $ASNA PR link.

Scientific Games(PBR680) has developed, and Kentucky Horse Racing Commission has approved, their first generation of Historical Horse Racing machines, announces 3-way partnership with Churchill Downs and Ainsworth Game Technology$SGMS PR link.

Endo Intl(PBR739) EVP/CFO Blaise Coleman to become President/CEO and member of the Board effective 03/06/20, succeeds Paul Campanelli who will remain Chairman. $ENDP PR link.

The US Dept of Labor says the US Preliminary January 2020 Total Monthly Demand Producer Price Index is at +0.5%, December 2019 was at +0.2%, November 2019 -0.1%, January 2019 -0.3%. USDOL PR link.

The US Dept of Commerce/Labor says the US Preliminary January 2020 Building Permits Issued-Private Housing is at 1,551,000 annual rate, December 2019 was at 1,420,000, November 2019 1,474,000, January 2019 1,316,000. USDOL PR link.

The US Federal Open Market Committee releases the minutes from the 01/28-29/20 meeting, says “Members agreed to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. Members judged that the current stance of monetary policy was appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee’s symmetric 2 percent objective.” FOMC PR link.

***Tuesday, February 18

Check out The PBR1000 Spotlight on salesforce.com, #9 on the current The PBR25! $CRM PR link.

Walmart(PBR1 $WMT) expects to save $60 million annually on shopping bags. MarketWatch PR link.

Dell(PBR34) to sell its risk, security and fraud teams provider RSA to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners for $2.075 billion cash, to close in 6-9 months. $DELL PR link.

Fluor(PBR160) in 4Q19 report says it has reversed its decision to sell substantially all of its Government business, has gained confidence in its solid liquidity position and its viable options for generating cash flow. $FLR PR link.

Bed Bath & Beyond(PBR250) to sell its PersonalizationMall.com business to 1-800-FLOWERS.COM for $252 million. $BBBY PR link.

Group 1 Automotive(PBR262) increases share repurchase authorization by $52.4 million to $100 million. $GPI PR link.

Baxter(PBR279) completes $350 million cash acquisition of $100 million in annual revenues provider of adhesion prevention products, hemostats and sealants Seprafilm Adhesion Barrier and related assets from Sanofi$BAX PR link.

Ally Financial(PBR294) to acquire privately held Woodbury, NY based $4.7 billion in assets non-prime credit card and consumer finance lender with a full-spectrum unsecured servicing platform and robust merchant services capability provider CardWorks for $2.65 billion cash and stock, to close in 3Q20. $ALLY PR link.

Anixter(PBR354) shareholders to vote on 04/09/20 on being acquired by WESCO(PBR365) for $100.00/share, $4.5 billion cash & stock. $AXE PR link.

Franklin Resources(PBR476) to acquire $806 billion in assets on 01/31/20 Legg Mason(PBR746) for $50.00/share cash, will also assume about $2 billion of Legg Mason’s outstanding debt, to close in 3Q20. $BEN PR link.

Groupon(PBR798) in 4Q19 report says it is proposing a reverse stock split of common stock at a ratio of between 1-for-10 and 1-for-12, to be voted on at shareholders annual meeting in 06/20. $GRPN PR link.

SL Green Realty(PBR986) to sell its 315 West 33rd Street New York City property and an adjacent undeveloped parcel of land for a gross valuation of $446.5 million, or approximately $906 square foot, to an affiliate of Brookfield Asset Management, to close in 2Q20. $SLG PR link.

DuPont(PBR35) CEO Marc Doyle and CFO Jeanmarie Desmond are leaving the company, Executive Chairman and former CEO Ed Breen adds CEO role, new CFO appointed. $DD PR link.

Dow(PBR52) CEO Jim Fitterling expected to be appointed to additional role of Chairman after annual stockholders meeting on 04/09/20. $DOW PR link.

Facebook(PBR57 $FB) CEO Mark Zuckerberg and CFO Sheryl Sandberg should be “removed from control” of Facebook for its policy on political ads according to financier George Soros in a letter to the editor of the Financial Times. MarketWatch PR link.

The US Federal Reserve Bank of New York says the US February 2020 Empire State Manufacturing General Business Conditions Index is at +12.9, January 2020 was at +4.8, December 2019 +3.3, February 2019 +10.3. “Optimism about the six-month outlook continued to be somewhat subdued, and capital spending plans remained firm.” NYFed PR link.

The Natl Assn of Home Builders Preliminary February 2020 US Housing Market Composite Index(>50=more builders view conditions as good than poor) is at 74, January 2020 was at 75, December 2019 76, February 2019 62. “Steady job growth, rising wages and low interest rates are fueling demand but builders are still grappling with increasing construction and development costs…” NAHB/WF PR link.

***Monday, February 17

***US Federal Holiday.
***US Presidents Day.
***US Stock Exchanges Closed.

Apple(PBR3) revises down 1Q20 revenue forecast, experiencing a slower return to normal conditions in China from coronavirus issues than anticipated, worldwide iPhone supply will be temporarily constrained as China factories reopen, demand for its products within China has been affected by store closures. $AAPL PR link.

General Motors(PBR14) restructuring international operations, to wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021, will focus on the GM specialty vehicle business for that market; to purchase GM’s Rayong vehicle manufacturing facility in Thailand; and to withdraw Chevrolet from the domestic market in Thailand by the end of 2020. $GM PR link.

Dean Foods(PBR383) to sell 44 of its fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities to the Dairy Farmers of America cooperative in a “stalking horse” agreement, needs to be approved by Bankruptcy Court scheduled for 03/12/20, any other bids would be due by 03/31/20. $DFODQ PR link.

Triumph Group(PBR678) combines its Integrated Systems and Product Support business units into one “Triumph Systems & Support” business effective immediately, as part of restructuring. $TGI PR link.

Pier 1 Imports(PBR957) has entered into a Plan Support Agreement with a majority of its term loan lenders and is pursuing a sale of the Company, has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court, to complete the previously announced closure of up to 450 store locations, which includes the closure of all its stores in Canada. $PIR PR link.

***Friday, February 14

The PBRMarketTools US Stock Exchanges Recap for Week 7 ending 02/14/20:

DJIA ends Week 7 at 29,398.08, +1.02% from last Friday, +4.04 MTD, +3.01% QTD/YTD, -0.52% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 7 at record 9,731.18, +2.21% from last Friday, 6.34% MTD, +8.45% QTD/YTD, +0.00% from record 9,731.18 set 02/14/20.

SPX ends Week 7 at record at 3,380.16, +1.58% from last Friday, +4.79 MTD, +9.62% QTD/YTD, +0.00% from record 3,380.16 set 02/14/20.

The Week 7 of 2020 News Summary:
The coronavirus, now also known as COV-19, was the overwhelming top news maker again this week as numbers of people affected and associated deaths continue to climb, but remains largely confined to China, which has calmed the world a little bit as it accepts that the outbreak in mostly isolated. Most economists say there will be an impact globally, and continue to try to measure what the affect has been so far and will be overall. US economic news was a little mixed on the good side. Jobs continue to be available, employee turnover is low, wages are up a little bit, and mortgage rates continue to be very reasonable. US corporate earnings continue to be mostly better than anticipated as 2019 annual reports keep pouring in. US politics was active as the first primary, New Hampshire, was pursued heavily by the Democrat candidates, and resulted in a narrow margin win by Bernie Sanders. Nevada and S Carolina are the next stops as the election cycle accelerates. The US stock exchanges responded positively the whole week. The Stock Market Bear made a brief appearance on Thursday, but The Stock Market Bull easily prevailed the other days and takes a Week 7 3-0 victory romp in the pasture.

The Week 7 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 1 week

MGM Resorts(PBR257) completes around $4.6 billion sale of MGM Grand Las Vegas and Mandalay Bay real estate assets to new joint venture between MGM Growth Properties and Blackstone(PBR423) Real Estate Income Trust, MGM Resorts has entered into a long-term triple net master lease for both properties, and will continue to manage, operate and be responsible for all aspects of the properties on a day-to-day basis, with the joint venture owning the properties and receiving rent payments. MGM PR link.

The US Dept of Labor says the US Preliminary January 2020 Monthly Imports Prices are at +0.0, Exports +0.7%; Last 12 Months Imports are at +0.3%, Exports +0.5%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Total Sales-Manufacturers are at $504.1 billion, Retail $462.6 billion, Wholesalers $494.4 billion, Total Sales $1.461 trillion, -0.1% from November 2019, +1.7% from December 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance January 2020 Sales-Retail are at $463.3 billion, Food Services & Drinking Places $66.5 billion, Total $529.8 billion, +0.3% from December 2019, +4.4% from January 2019. USDOC PR link.

The US Federal Reserve says the US Preliminary January 2020 Industrial Production Capacity Utilization is at 76.8%, December 2019 was at 77.1%, November 2019 77.5%, January 2019 79.0%. USFed PR link.

The Natl Assn of Home Builders/Wells Fargo says the US Preliminary January 2020 Housing Market Composite Index(>50%=more builders view conditions as good than poor} is at 75%, December 2019 was at 76%, November 2019 71%, January 19 was at 58%. NAHB/WB PR link.

The U of Michigan US Preliminary February 2020 Consumer Sentiment Index is at 100.9, January 2020 was at 99.8, December 2019 99.3, February 2019 93.8. UMichigan PR link.

***Thursday, February 13

Microsoft(PBR19 $MSFT) US federal government $10 billion cloud services JEDI contract gets temporary restraining order by federal judge per lawsuit filed by Amazon(PBR5 $AMZN) who alleged the yearslong evaluation process included “clear deficiencies, errors and unmistakable bias.” MarketWatch PR link.

Boeing(PBR28) reaches a tentative agreement with the Society of Professional Engineering Employees in Aerospace (SPEEA) on a new four-year contract extension that would run through 2026 covering approximately 18,000 engineering and technical employees, nearly all of whom are in Washington and Oregon, SPEEA membership to vote 02/24-03/09/20. $BA PR link.

Tyson(PBR72 $TSN) says pork exports to China soared nearly 600% in first quarter after swine fever outbreak, expects chicken exports to China to double, in restructuring will cut 500 jobs. MarketWatch PR link.

Tesla(PBR144) to offer approximately $2 billion of common stock, to use net proceeds to further strengthen its balance sheet, as well as for general corporate purposes. $TSLA PR link.

Kohl’s(PBR155 $KSS) restructuring program results in 250 job cuts, including regional store leaders and merchant team members, not closing any stores or corporate offices and is continuing to hire in key areas. MarketWatch PR link.

Molson Coors(PBR285 $TAP) is jumping into the hard seltzer category with Vizzy launch in 03/20. MarketWatch PR link.

eBay(PBR286) completes $4.05 billion cash sale of its StubHub unit to worldwide ticket marketplace for live sport, music and entertainment events viagogo. $EBAY PR link.

Newmont Goldcorp(PBR401) says it has gold Mineral Reserves of 100.2 million attributable ounces for 2019 compared to 65.4 million ounces at the end of 2018. $NEM PR link.

Wayfair(PBR428 $W) has cut about 3% of its global workforce, or about 550 jobs, as part of a restructuring, continues to hire for many roles. MarketWatch PR link.

Moody’s(PBR570) completes $700 million acquisition of anti-money laundering and know-your-customer data and due diligence services provider Regulatory DataCorp$MCO PR link.

Tempur Sealy(PBR786) increases share repurchase program by over $190 million, new balance available is $300 million, expects to purchase at least $50 million of its common stock per quarter in the near term. $TPX PR link.

The US Dept of Labor says the US January 2020 Consumer Price Index-All Items is at +0.1%, December 2019 was at +0.2%, November 2019 +0.2%, January 2019 +0.0%, The Last 12 Months(Unadjusted) is at +2.5%. USDOL PR link.

The US Dept of Labor says the US Preliminary January 2020 Current Average Earnings/Hour is at $28.44, Average Hours Worked/Week is at 34.3, Current Average Weekly Earnings is at $975.49, +0.3% from December 2019, +2.5% from January 2019. USDOL PR link.

***Wednesday, February 12

Here’s the link for a brief summary on global data centers firm Equinix(PBR524), ranked 16th on The PBR25 Top Buy Stocks list on 02/04/20. $EQIX Spotlight link.

Bausch Health(PBR358) to reduce debt by $100 million using cash generated from operations. $BHC PR link.

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

Worthington Industries(PBR631) to consolidate its oil and gas equipment manufacturing operation in Wooster, OH into its existing facility in Bremen, OH, to be completed by 05/31/20, 122 employees affected have option to transfer. $WOR PR link.

Elanco Animal Health(PBR719) to divest the European Economic Area and UK rights to the de-wormers for dogs and cats Drontal® and Profender® product families from Bayer AG’s (ETR: BAYN) animal health business, to French pharmaceutical company Vetoquinol SA (EURONEXT: VETO), for $140 million cash, further advances Elanco’s efforts to gain European Commission clearance for the acquisition of Bayer AG’s global animal health business. $ELAN PR link.

C.H. Robinson(PBR184) Executive Chairman John Wiehoff to retire at the 05/07/20 annual meeting, successor to be named at a later date. $CHRW PR link.

MGM Resorts(PBR257) Chairman/CEO Jim Murren to step down from both roles before the end of his contract, will stay on until successor appointed, CEO search committee formed. $MGM PR link.

HNI Corp(PBR857) President/CEO Jeff Lorenger elected to also be Chairman, effective immediately, succeeds Larry Porcellato who has been appointed Lead Director. $HNI PR link.

The US Dept of Treasury says the US January 2020 Federal Government Receipts were $372.3 billion, Outlays $404.9 billion, for Deficit of $32.6 billion; January 2019 Surplus was $8.7 billion; January 2020 YTD(4 months) Total Deficit is at $389.2 billion, January 2019 YTD Total Deficit was $310.3 billion. USTreasury PR link.

***Tuesday, February 11

Home Depot(PBR27) to hire 80,000 associates for spring. $HD PR link.

Johnson & Johnson(PBR36)’s Janssen unit to collaborate with the US Dept of Health & Human Services to accelerate development of a potential novel coronavirus vaccine. $JNJ PR link.

T-Mobile US(PBR70) $59 billion all stock acquisition of Sprint(PBR90) gets favorable decision in Federal Court in New York, remains subject to possible additional court proceedings, could close as early as 04/01/20. $TMUS PR link.

Cleveland-Cliffs(PBR843) $3.36/share $1.1 billion acquisition of producer of flat-rolled carbon, stainless and electrical steel products AK Steel(PBR424) is now scheduled to close on 03/13/20. $CLF PR link.

SeaWorld(PBR974) agrees to pay $65.0 million settlement for claims alleging violations of the US Securities and Exchange Commission, does not include an admission of fault, court must still approve. $SEAS PR link.

Beacon Roofing(PBR408) Chairman Robert R. Buck retires from the position, remains a director on the Board, Philip W. Knisely appointed as new Chairman. $BECN PR link.

The US Federal Trade Commission issues Special Orders to Alphabet(PBR17)(including Google), Amazon(PBR5), Apple(PBR3), Facebook(PBR57), and Microsoft(PBR19) to provide information and documents on the terms, scope, structure, and purpose of transactions that each company consummated between 01/01/10 and 12/31/19. USFTC PR link.

The US Dept of Labor says the US Preliminary December 2019 Job Openings-Private are at 5,739,000, Government 684,000, Total 6,423,000, -5.4% from November 2019, -14.1% from December 2018. USDOL PR link.

CoreLogic says the US November 2019 Housing Mortgages 30 Days or More Delinquent are at 3.9%, October 2019 was at 3.7%, September 2019 3.8%, November 2018 4.1%. “Overall delinquency rates remain at 20-year lows spurred on by tight underwriting standards following the onset of the Great Recession, a robust and accelerating economic cycle the past five years and the increasing underlying health of the housing economy… ” CoreLogic PR link.

***Monday, February 10

UPS(PBR41) and the Independent Pilots Association, which represents the company’s 2,959 flight crewmembers, reach a tentative agreement on a two-year contract extension, will go into effect 09/01/21, become amendable 09/01/23, if ratified. $UPS PR link.

ViacomCBS(PBR214)’s CBS Sports unit and sports book operator William Hill form a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms, will tip off with initial integrations in 03/20 on CBS Sports digital platforms, with a full rollout planned for the fantasy football season. $VIAC PR link.

Xerox(PBR308) to launch a tender offer on or around 03/02/20 for all of the outstanding shares of common stock of HP(PBR55) for $24.00/share, $18.40 in cash and 0.149 Xerox shares for each HP share. $XRX PR link.

Simon Property(PBR484) to acquire 80% of owners, managers and/or leasors of 26 super-regional shopping centers in the US and Asia Taubman Centers(NYSE: TCO) for $52.50/share cash, around $3.6 billion, Taubman family retains 20% ownership, to close mid-2020. $SPG PR link.

Equifax(PBR670) CEO Mark W. Begor issues a statement of thanks to the FBI for the US Dept of Justice’s indictment of four individual members of the People’s Liberation Army, the armed forces of the People’s Republic of China, in connection with the theft of consumer data in 2017. $EFX PR link.

Verso Corp(PBR790) has completed the $400 million sale of its Androscoggin Mill, located in Jay, ME, and its Stevens Point Mill, located in Stevens Point, WI, to Pixelle Specialty Solutions. $VRS PR link.

Genesco(PBR865) to move its current Nashville, TN, corporate headquarters into a new 310,000 sf facility in Nashville in early 2021. $GCO PR link.

Edgewell Personal Care(PBR873) terminates $1.37 billion cash/stock acquisition of New York, NY-based 900 employees razor products provider Harry’s because of recent US Federal Trade Commission lawsuit. $EPC PR link.

GATX(PBR976) to sell its American Steamship Company business, the operator of the largest fleet of US-flagged vessels on the Great Lakes, to Rand Logistics for $260 million. $GATX PR link.

Avis Budget(PBR329) appoints Bernardo Hees to the Board and as Independent Chairman, effective immediately, succeeds Leonard Coleman who remains a Board director. $CAR PR link.

***Friday, February 7

The PBRMarketTools US Stock Exchanges Recap for Week 6 ending 02/07/20:

DJIA ends Week 6 at 29,102.51, +3.00% from last Friday/MTD, +1.98% QTD/YTD, -0.94% from record 29,379.77 set 02/06/20.

NASDAQ ends Week 6 at 9,520.51, +4.04% from last Friday/MTD, +6.11% QTD/YTD, -0.54% from record 9,572.15 set 02/07/20.

SPX ends Week 6 at 3,327.71, +3.17% from last Friday/MTD, +3.00% QTD/YTD, -0.54% from record 3,345.78 set 02/06/20.

The Week 6 of 2020 News Summary:
The major international news story continues to be the continuing increase of cases of and deaths from the coronavirus in China and concern for its spread throughout the world. In China many businesses have been shut down, including most multinational companies. Airlines have cut or reduced flights as well. Arrival destinations from China and some cruise ships are quarantined as well. Medical science is trying to catch up with vaccines and tests, but it will take some time for those to catch up. In other news, China is going to cut tariffs by 50% on $75 billion of US goods. The US economy continues to show strength, with a surprising robust set of jobs reports to end the week. 4Q19 corporate earnings reports are better than expected as well. 1Q20 should, however, be affected by the coronavirus threat. In US politics the US Senate impeachment trial came to an end and, as expected, President Trump was acquitted of the two charges leveled against him by the US House, with the vote along political party lines. Tuesday night President Trump gave the annual State of the Union address to rave reviews or disgust, once again along party lines. The 2020 presidential election started in earnest with caucuses in Iowa, but technology glitches prevented it from proclaiming a winner on a timely basis, but preliminary results for the Democratic party being a bit of surprise. Candidate Michael Bloomberg was not a part of this initial test for candidates, but is spending big time in the Super Tuesday states. The Stock Market Bear seemed to have come down with something like the coronavirus and disappeared for the first 4 days of Week 6, but came charging back on Friday. The Stock Market Bull easily prevailed for the week, however, with new closing highs recorded on all 3 major US exchanges on Thursday. Next week is up for grabs.

The Week 6 of 2020 tally YTD is:
The Stock Market Bull: 3 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 1 week

Fidelity Natl Financial(PBR388) to acquire annuity and life insurance products provider FGL Holdings (NYSE: FG) for $12.50/share, around $2.7 billion, to close by end of 3Q20. $FNF PR link.

HanesBrands(PBR424) authorizes new up to 40 million shares repurchase program, no expiration date, replaces previous authorization approved in 04/16. $HBI PR link.

Penn Natl Gaming(PBR650) gets its first pro league agreement with multi-year partnership to become the first authorized gaming operator of NASCAR in the US, also extends Kansas Speedway race title sponsorship through 2026. $PENN PR link.

Stericycle(PBR661) to sell its 2,000 employees Domestic Environmental Solutions business, excluding the healthcare customer and unused consumer pharmaceutical take-back services, to Harsco(PBR943) for $462.5 million in cash, to close in 1Q20. $SRCL PR link.

The US Dept of Labor says the US January 2020 Employed is at 158,714,000, -89,000 from December 2019, +2,087,000 from January 2019; Unemployed is at 5,892,000, +139,000 from December 2019, -623,000 from January 2019; Unemployment Rate is at 3.6%, December 2019 was at 3.5%, January 2019 4.0%. USDOL PR link.

The US Federal Reserve says the US Preliminary December 2019 Consumer Credit Outstanding-Revolving is at $1.098 trillion, Non-Revolving $3.099 trillion, Total $4.197 trillion, +0.5% from November 2019, +4.7% from December 2018. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Wholesale Sales-Durable Goods are at $232.7 billion, Non-Durable Goods $261.6 billion, Total $494.3 billion. USDOC PR link.

The FannieMae(PBR22) US January 2020 Home Purchase Sentiment Index is at 93.0, December 2019 was at 91.7, November 2019 91.5, January 2019 84.7. “Low rates continue to be a key driver of consumer optimism about both current homebuying and home-selling conditions. Favorable views on job security and personal financial expectations reflect the strength of the labor market, which we believe will continue to bolster housing demand.” $FNMA PR link.

***Thursday, February 6

The PBR25 Buy Stocks By Analyst Recommendations as of 01/31/20 has been released. Check out the summary!

Amazon(PBR5) to open first fulfillment center in Iowa, to be located in Bondurant, 645,000 sf facility, to create 1,000 new full-time jobs, to launch in late 2020. $AMZN PR link.

Johnson & Johnson(PBR36 $JNJ) ordered to pay $750 million in punitive damages to four people who said their use of the company’s talcum powders caused a rare cancer, New Jersey judge plans to reduce amount to around $187 million, JNJ plans to appeal. MarketWatch PR link.

Nike(PBR81) transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, will recognize a one-time, non-recurring charge related to foreign exchange of approximately $425 million. $NKE PR link.

Lear Corp(PBR148) authorizes increase in share repurchase authorization to $1.5 billion, had $1.2 billion balance at end of 2019, extends expiration date to 12/31/22. $LEA PR link.

Arconic(PBR226) Board approves completion of separation into two independent, publicly traded companies, existing company will be renamed Howmet Aerospace Inc, to change ticker from ARNC to HWM, Arconic Rolled Products Corporation to be named Arconic Corporation with ticker ARNC, to be effective on 04/01/20. $ARNC PR link.

JCPenney(PBR261) announces a new assortment of jeans with a complete reimagination of its women oriented a.n.a brand, focused on denim customers, includes size-inclusive selection for all body shapes and sizes. $JCP PR link.

Intercontinental Exchange(PBR454) says following its earnings call it has decided to cease exploring strategic opportunities with eBay(PBR286)$ICE PR link.

Agilent Technologies(PBR517) to receive $22.5 million from Twist Bioscience in intellectual property litigation settlement. $A PR link.

Taylor Morrison Homes(PBR593) completes $21.45/share, $2.5 billion cash & stock acquisition of William Lyon Homes (NYSE: WLH), creates 5th largest US homebuilder. $TMHC PR link.

Brink’s(PBR660) authorizes a $250 million shares repurchase program, expires 12/31/21, replaces previous authorization. $BCO PR link.

Twitter(PBR726) in 4Q19 report says average monetizable daily active usage reached 152 million, +21% year-over-year, has first $1+billion in revenues quarter. $TWTR PR link.

UNISYS(PBR764) to sell its 1,900 employees $689 million in revenues for year ending 09/30/29 US Federal business to SAIC(PBR545) for $1.2 billion, to close in 1H20. $UIS PR link.

The New York Times(PBR938) in 4Q19 says it now has 5,251,000 digital subscribers, gained 1+ million subscribers in 2019. $NYT PR link.

The US Dept of Labor says the US Preliminary 4Q19 Labor Productivity Output/Hour Annual Rate-Business Sector is at +1.1%, 3Q19 was at -0.2%, 2Q19 +2.8%, 4Q18 +0.0%. USDOL PR link.

***Wednesday, February 5

Merck(PBR73) to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company with 10,000+ employees, to close in 1H21. $MRK PR link.

YUM China(PBR353) launches the “Restaurant Management Team (RMT) Family Care Fund” to provide additional health protection for family members of restaurant management employee, will start in 07/20 and cover an estimated 86,000 parents, spouses and children of more than 31,000 RMT employees. $YUMC PR link.

Ametek(PBR535) acquires Orange, CA based $40 million in annual sales high-reliability, ruggedized uninterruptible power systems provider IntelliPower for around $115 million. $AME PR link.

Barnes Group(PBR963) completes divestiture of its $60 million in annual revenues developer and producer of retaining rings, fasteners, snap rings Seeger-Orbis to the Kajo Neukirchen Group. $B PR link.

Peabody Energy(PBR487) and largest shareholder Elliott Management names 3 members of Elliott to the Board, as well as 1 to be mutually agreed upon in the future, to be effective at the 05/20 annual meeting. $BTU PR link.

Albermarle(PBR676) Chairman/CEO Luke Kissam to retire from his roles, effective 06/20, for health reasons. $ALB PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Exports-Goods are at $137.7 billion, Services $71.9 billion, Total Exports $209.6 billion; Imports-Goods are at $207.5 billion, Services $51.1 billion, Total Imports $258.6 billion; Deficit-Goods is at $69.8 billion, Surplus-Services $20.8 billion, Total Deficit $49.0 billion, December 2018 Total Deficit was $60.8 billion; Total 2019 Exports were $2.500 trillion, Imports $3.117 trillion, Total Deficit $616.9 billion, 2018 Total Deficit was $627.3 billion. USDOC PR link.

ADP(PBR220) says the US January 2020 Change In Employment is at +291,000, +94,000 from Small Businesses, +128,000 Mid-Sized Businesses, +69,000 Large Businesses; +54,000 came from the Goods Producing Sector, +237,000 from the Services Sector. $ADP PR link.

The Institute for Supply Management says the US January 2020 Non-Manufacturing Index(>50%=Economy Expanding) is at 55.5%, December 2019 was at 55.0%, November 2019 53.9%, January 2019 56.7%. “The respondents remain mostly positive about business conditions and the overall economy. Respondents continue to have difficulty with labor resources.” ISM PR link.

The IHS Markit US January 2020 Manufacturing & Services Composite PMI Output Index is at 53.3, December 2019 was at 52.7, November 2019 52.0, January 2019 54.4. “Business activity rose at the fastest pace since last March in January amid a sharper expansion in service sector output.” IHS Markit PR link.

***Tuesday, February 4

The January 2020 PBR US Economic Indices Snapshot has been released. USI info.

Amazon(PBR5) opens new 48,000 square foot office for Alexa tech teams located in downtown Santa Barbara, CA, plans to create 150 new tech jobs. $AMZN PR link.

Walt Disney(PBR45) announces new Disney+ streaming service has signed up 28.6 million subscribers since its start on 11/12/19. $DIS PR link.

Macy’s(PBR115) announces 3 year Polaris strategy, includes launch of next phase of successful Macy’s Star Rewards loyalty program, plans to build four $1 billion power private brands, closing approximately 125 stores in lower tier malls within three years, and exploring new off-mall formats, establishes single corporate headquarters and relocates digital business to New York City. $M PR link.

eBay(PBR286 $EBAY) gets letter from activist investor Starboard Value saying the Classifieds unit must be sold off and a more aggressive operating plan put in place. Starboard Value PR link.

eBay(PBR286) responds to Starboard Value letter, says it will review the letter, reviews actions taken in recent years. $EBAY PR link.

Leidos(PBR299) to acquire the L3Harris Technologies(PBR459) Security Detection and Automation businesses, have 1,200 employees, for $1 billion cash, to close by end of 2Q20. $LDOS PR link.

Huntington Ingalls(PBR371) to acquire Kongsberg Maritime’s wholly owned indirect subsidiary Pocasset, MA based advanced marine robotics technology provider Hydroid for $350 million, to close in 2Q20. $HII PR link.

Scientific Games(PBR681) confirms it has expanded its partnership with Flutter Entertainment to cover online and mobile sports betting and iGaming content offering with FanDuel in the US. $SGMS PR link.

Prologis(PBR768) completes $12.6 billion all stock acquisition of US logistics REIT Liberty Property Trust (NYSE: LPT)$PLD PR link.

Wendy’s(PBR954) introduces new breakfast menu, options include fresh, hand-cracked eggs on every sandwich, and savory Applewood smoked bacon, starts 03/02/20. $WEN PR link.

Oshkosh(PBR357) director Stephen D. Newlin appointed independent Chairman, succeeds Craig P. Omtvedt who remains on the Board. $OSK PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Manufacturers New Orders-Durable Goods is at $245.6 billion, Non-Durable Goods $253.8 billion, Total $499.4 billion, +1.8% from November 2019, -0.1% from December 2018. USDOC PR link.

The PurdueU/CME Group US January 2020 Ag Economy Composite Index is at 167, December 2019 was at 150, November 2019 153, December 2018 127. “Virtually all of the rise in this month’s barometer was attributable to a sharp rise in optimism about future conditions in agriculture… coincided with President Trump’s signing of the Phase One Trade Agreement between the U.S. and China on January 15th.” PurdueU/CME Group PR link.

***Monday, February 3

AECOM(PBR156) completes $2.405 billion sale of its Management Services business to affiliates of American Securities LLC and Lindsay Goldberg LLC, AECOM to focus on its higher-returning and lower-risk Professional Services business. $ACM PR link.

Alcoa(PBR235) completes $250 million sale of its 1,300-acre hazardous waste treatment business in Gum Springs, AR, to Veolia ES Technical Solutions. $AA PR link.

Brookdale Senior Living(PBR522) completes 3 transactions with Healthpeak Properties(PBR915), including sale of 14 community venture, acquisition of 18 previously leased communities, and restructure of remaining 24-community lease. $BKD PR link.

Edgewell Personal Care(PBR873) $1.37 billion cash/stock acquisition of New York, NY-based 900 employees razor products provider Harry’s is challenged by the US Federal Trade Commission, Edgewell says it will respond in due course. $EPC PR link.

Regis Corp(PBR998) will sell its 55% interest in Empire Education Group, an operator of accredited cosmetology schools, in exchange for de minimis cash compensation, an exclusive private label supply agreement, and an employer of choice arrangement. $RGS PR link.

Sonoco Products(PBR502) President/CEO/Director Robert C. Tiede retires from all roles, SVP Paper/Industrial Converted Products Howard Coker elected President/CEO/Director, effective immediately. $SON PR link.

Intuitive Surgical(PBR636) Chairman Lonnie M. Smith to retire at annual meeting in 04/20, independent lead director Dr. Craig H. Barratt to be successor. $ISRG PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Construction Spending Annual Rate-Residential is at $548.0 billion, Non-Residential $779.6, Total $1,327.7 billion, -0.2% from November 2019, +5.0% from December 2018. USDOC PR link.

The Institute for Supply Management says the US Preliminary January 2020 Manufacturing PMI Index(>50%=Economy Expanding) is at 50.9%, December 2019 was at 47.2%, November 2019 48.1%, January 2019 56.6%. “The PMI® returned to expansion territory for the first time since July 2019… Overall, sentiment this month is moderately positive regarding near-term growth..,” ISM PR link.

The IHS Markit US January 2020 Manufacturing PMI Index is at 51.9, December 2019 was at 52.4, November 2019 52.6, January 2019 54.9. “U.S. manufacturing firms indicated a slower overall improvement in operating conditions in January, in part stemming from a renewed drop in export orders.” IHS Markit PR link.

***Sunday, February 2

Super Bowl LIV: The Kansas City Chiefs come from behind to win over the San Francisco 49ers 31-20 at Hard Rock Stadium in Miami, Florida. Highlights.

***Friday, January 31

The PBRMarketTools US Stock Exchanges Recap for Week 5 ending 01/31/20:

DJIA ends Week 5 at 28,256.03, -2.53% from last Friday, -0.99% MTD/QTD/YTD, -3.72% from record 29,348.10 set 01/17/20.

NASDAQ ends Week 5 at 9,150.94, -1.76% from last Friday, +1.99% MTD/QTD/YTD, -2.68% from record 9,402.48 set 01/23/20.

SPX ends Week 5 at 3,225.52, -2.12% from last Friday, -0.16% MTD/QTD/YTD, -3.13% from record 3,329.62 set 01/17/20.

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

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

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, 28 rankings, and over 200 fields of data and information on each company. Click here to find out more! 

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

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