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The PBR1000 January 2020 Stocks & Commodities Snapshots

February 4, 2020 by admin

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

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

By Larry C. Paxton

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

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

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

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

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

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

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

The January 2020 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 5, NASDAQ 7, SPX 6

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

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

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

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

The PBR1000 January 2020 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 January 2020 Snapshots. The price for stocks is for the close of trading on January 31, 2020, Month % Chg is compared to December 31, 2019, 12 Months % Chg is compared to January 31, 2019, and the 24 Months % Chg is compared to January 31, 2018. The PBR Rank is by annual revenues.

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

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

Table 1 Summary: The range was +56% to -89%. 354 out of 1,000 stocks were up 0% or more. The average was a loss of 1.58%, the median was a loss of 3.31%. The DJIA was -0.99%, NASDAQ +1.99%, SPX -0.16%.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The PBR1000 December 2019 Stocks & Commodities Snapshots

January 3, 2020 by admin

December 2019 The PBR1000:

A Month and Year for The Stock Market Bull

The Stock Market Bull totally dominates The Stock Market Bear in 2019, and makes it look easy. Can it continue in 2020?

By Larry C. Paxton

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

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

The December 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 21

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

Record Days: DJIA 7, NASDAQ 10, SPX 9

Longest Gain Streak(Consecutive Days): DJIA 5 days(12/11-17/19), NASDAQ 11 days(12/11-26/19), and SPX 5 days(12/11-17/19)

Longest Loss Streak(Consecutive Days): DJIA 3 days(11/29/19-12/03/19), NASDAQ 3 days(11/29/19-12/03/19), and SPX 3 days(11/29/19-12/03/19)

Big Swing Up Days(>1.00%): 1 day, 12/06/19(D +1.22%, N +1.00%)

Big Swing Down Days(<-1.00%): 2 days, 12/02/19(N -1.12%), 12/03/19(D -1.01%)

The PBR1000 December 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 December 2019 Snapshots. The price for stocks is for the close of trading on December 31, 2019, Month % Chg is compared to November 29, 2019, YTD % Chg is compared to December 31, 2018, and the 24 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

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

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

Table 1 Summary: The range was +76% to -52%. 698 out of 1,000 stocks were up 0% or more. The average was a gain of 2.41%, the median was a gain of 2.44%. The DJIA was +1.74%, NASDAQ +3.54%, SPX +2.86%.

Company	PBR Rank	Symbol	Price 12/31/19	Mo % Chg	YTD % Chg	24 Mos % Chg
Superior Energy	876	SPN	$ 5.01	+76	-85	-95
Eastman Kodak	980	KODK	$ 4.65	+71	+82	+50
Rite Aid	142	RAD	$ 15.47	+71	+9	-61
Stage Stores	955	SSI	$ 8.12	+69	+997	+383
TravelCenters	457	TA	$ 17.15	+69	-9	-16

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

Table 2 Summary: The range was +997% to -98%. 799 out of 993 stocks were up 0% or more. The average was a gain of 27.56%, the median was a gain of 23.03%. The DJIA was +22.34%, NASDAQ +35.23%, SPX +28.88%.

Company	PBR Rank	Symbol	Price 12/31/19	Mo % Chg	YTD % Chg	24 Mos % Chg
Stage Stores	955	SSI	$ 8.12	+69	+997	+383
Diebold Nixdorf	553	DBD	$ 10.56	+45	+324	-35
Snap	989	SNAP	$ 16.33	+7	+196	+12
FannieMae	22	FNMA	$ 3.12	+13	+194	+18
FreddieMac	40	FMCC	$ 3.00	+18	+186	+19

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

Table 3 Summary: The range was +383% to -99%. 554 out of 991 stocks were up 0% or more. The average was a gain of 13.99%. The median was a gain of 5.33%. The DJIA was +15.45%, NASDAQ +29.97%, SPX +20.84%.

Company	PBR Rank	Symbol	Price 12/31/19	Mo % Chg	YTD % Chg	24 Mos % Chg
Stage Stores	955	SSI	$ 8.12	+69	+997	+383
AMD	442	AMD	$ 45.86	+17	+148	+346
Crocs	996	CROX	$ 41.89	+20	+61	+231
Chipotle	534	CMG	$ 837.11	+3	+94	+190
Rent-A-Center	796	RCII	$ 28.84	+11	+78	+160

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

Table 4 Summary: The range was $1,288 billion to $0.01 billion. The average is $30.273 billion, median is $8.52 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 12/31/19	Mo % Chg	YTD % Chg	24 Mos % Chg
Apple	3	AAPL	$ 1,288 B	+8	+61	+36
Microsoft	19	MSFT	$ 1,202 B	+3	+51	+76
Alphabet	17	GOOG	$ 923 B	+2	+26	+24
Amazon	5	AMZN	$ 916 B	+2	+25	+62
Facebook	57	FB	$ 583 B	+1	+50	+12
The PBR1000			$ 30,273 B	+2	+28	+17

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

Company	Price 12/31/19	Mo % Chg	YTD % Chg	24 Mos % Chg
The PBR1000	99,273.68	+2.4	+27.6	+14.0
DJIA	28,538.44	+1.7	+22.3	+15.5
NASDAQ	8,972.60	+2.9	+35.2	+30.0
S&P500	3,230.78	+3.4	+28.9	+20.8
GOLD	1,520.00	+3.2	+18.3	+16.5
SILVER	17.90	+4.6	+15.0	+5.4
OIL	61.21	+11.0	+33.6	+1.9

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

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

The PBR1000 December 2019 Breaking News Recap

December 28, 2019 by admin

The PBR1000: Christmas Gifts from Washington a Mixed Bag?

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

By Larry C. Paxton

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

***Tuesday, December 31

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, December 30

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 27

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

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

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

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

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

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

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

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

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

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

***Thursday, December 26

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

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

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

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

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

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

***Wednesday, December 25

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

***Tuesday, December 24

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

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

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

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

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

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

***Monday, December 23

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, December 19

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, December 18

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, December 17

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, December 16

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 13

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, December 12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, December 11

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, December 10

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, December 9

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

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

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

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

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

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

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

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

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

***Friday, December 6

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

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

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

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

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

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

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

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

Total: 1,000

Total Analyst Recommendations: 14,881

Click here to find out more about The PBR1000!

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

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

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

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

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

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

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

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

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

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

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

***Thursday, December 5

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

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

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

Click here to find out more about The PBR1000!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, December 4

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

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

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

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

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

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

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

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

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

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

***Tuesday, December 3

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

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

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

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

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

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

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

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

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

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

***Monday, December 2

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

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

To find out more about The PBR25 click here!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 29

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

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

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

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

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

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

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

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

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

The PBR1000 November 2019 Stocks & Commodities Snapshots

December 3, 2019 by admin

November 2019 The PBR1000:

Another Big Month for The Stock Market Bull

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

By Larry C. Paxton

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

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

The November 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

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

Record Days: DJIA 11, NASDAQ 11, SPX 11

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

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

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

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

The PBR1000 November 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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The PBR1000 November 2019 Breaking News Recap

November 20, 2019 by admin

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

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

By Larry C. Paxton

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

***Friday, November 29

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

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

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

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

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

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

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

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

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

***Thursday, November 28

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

***Wednesday, November 27

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

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

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

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

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

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

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

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

***Tuesday, November 26

The PBR1000 Spotlight on MasterCard!

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

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

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

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

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

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

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

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

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

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

***Monday, November 25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 22

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 21

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

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

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

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

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

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

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

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

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

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

***Wednesday, November 20

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 19

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

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

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

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

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

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

***Monday, November 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 15

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 14:

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

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

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

To find out more about The PBR1000 click here!

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

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

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

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

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

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

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

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

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

***Wednesday, November 13

The PBR1000 Spotlight on Autodesk!

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, November 11

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

The PBR25 Top Buy Analyst Recommendations Info:

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

To get The PBR25 click here!

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

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

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

***Friday, November 8

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

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

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

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

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

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

The PBR1000 Welcomes Elanco Animal Health!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, November 7

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

Find out more about The PBR25, click here!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, November 6

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, November 5

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, November 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, November 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 31

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

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

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

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

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

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Filed Under: Recaps Tagged With: acquisitions, Business, Business Intelligence, business news, Economy, Leadership, mergers, Money, Personal Finance, Rankings, Snapshots, Spotlight, Stock Market, The PBR1000, Wealth Management

The PBR1000 October 2019 Stocks & Commodities Snapshots

November 3, 2019 by admin

October 2019 The PBR1000:

The Stock Market Bull Takes Charge

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

By Larry C. Paxton

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

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

The October 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 23

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

Record Days: DJIA 0, NASDAQ 0, SPX 2

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

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

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

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

The PBR1000 October 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The PBR1000 Spotlight on MasterCard

November 2, 2019 by admin

The PBR1000 Spotlight: MasterCard Inc.

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

The PBR1000 Spotlight on MasterCard!

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

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

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

This The PBR1000 Spotlight is provided by:

SK26

Filed Under: Spotlight Tagged With: Business Intelligence, Investing, MA, Market Research, MasterCard, Rankings, Snapshots, Spotlight, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

The PBR1000 October 2019 Breaking News Recap

November 1, 2019 by admin

The White House and The PBR1000: Strange Bedfellows

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

By Larry C. Paxton

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

***Thursday, October 31

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 30

The PBR1000 Welcomes SS&C Technologies Holdings!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 29

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, October 28

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 24

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 23

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

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

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

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

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

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

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

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

***Tuesday, October 22

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, October 21

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 18

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

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

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

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

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

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

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

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

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

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

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

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

DTE Energy(PBR217) Midstream unit to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for $2.25 billion cash, plus a $400 million milestone payment upon completion of the gathering pipeline in 2H20. $DTE PR link.

Oracle(PBR78) letter from Executive Chairman/Founder Larry Ellison announces death of co-CEO Mark Hurd, had been on leave of absence for health related reasons. $ORCL PR link.

The Conference Board says the US Preliminary September 2019 Leading Economic Index(2016=100) is at 111.9, August 2019 was at 111.2, July 2019 112.2. TCB PR link.

***Thursday, October 17

Ford(PBR12) is implementing a plan to make available 12,000+ charging stations, including fast-charging, with 35,000 plugs for electric vehicles, Amazon(PBR5) Home Services to install home based charging stations. $F PR link.

Facebook(PBR56) Chairman/CEO Mark Zuckerberg speaks at Georgetown University about the importance of protecting free expression, will not be fact checking political ads, believes people should decide what is credible, not tech companies. $T PR link.

Tyson(PBR75) to prohibit the use of feed ingredient ractopamine in the market hogs it buys from farmers beginning in 02/20, will help with global market where several key countries like China have forbidden the use of ractopamine. $T PR link.

Marriott Intl(PBR147) has purchased the 270-room W New York – Union Square in the heart of Manhattan’s Union Square neighborhood for $206 million, planning significant renovation. $T PR link.

Kohl’s(PBR152) launches several new brands in time for the holidays, The Beauty Checkout started in 10/19 to be supported by Facebook starting in 2020. $T PR link.

PayPal(PBR201) and Synchrony Financial(PBR167) expand relationship to launch in 2H20 Venmo‘s first-ever credit card. $T PR link.

Skechers(PBR549) wins in lawsuit filed by Nike(PBR79)’s Converse unit, judge says Skechers’ did not violate Converse’s Chuck Taylor trademark. $T PR link.

Hasbro(PBR552) $4.0 billion cash acquisition of Canada based global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content, including popular pre-teen characters Peppa Pig and PJ Masks, Entertainment One Ltd(LSE: ETO) is approved by ETO shareholders, still to close in 4Q19. $T PR link.

The US Dept of Commerce says the US Preliminary September 2019 New Residential Permits Issued Annual Rate is at 1,387,000, -2.7% from August 2019, +7.7% from September 2018. USDOC PR link.

The US Federal Reserve says US Preliminary September 2019 Industrial Production % of Capacity is at 77.5%, August 2019 was at 77.9%, July 2019 77.4%, September 2018 78.5%, Capacity Growth since September 2018 is at +2.2%. USFed PR link.

The US Federal Reserve Bank of Philadelphia says the 3rd District October 2019 Manufacturing General Activity Indicator is at +5.6, September 2019 was at +12.0, August 2019 +16.8, October 2018 +19.7. “Responses … suggest growth in manufacturing activity this month …. The survey’s future indexes indicate that respondents continue to expect growth over the next six months.” PhillyFed PR link.

***Wednesday, October 16

Johnson & Johnson(PBR35 $JNJ) offers $4 billion opioid litigation settlement, would resolve more than 2,000 lawsuits by state and local governments. Wall Street Journal PR link.

T-Mobile US(PBR70) $59 billion all stock acquisition of Sprint(PBR90) gets US Federal Communications Commission approval on a 3-2 party line vote, still needs additional regulatory approvals and settlement of litigation. MarketWatch PR link.

Eli Lilly(PBR117) says top-line results from its Phase 3 SEQUOIA trial evaluating pegilodecakin plus FOLFOX (folinic acid, 5-FU, oxaliplatin) compared to FOLFOX alone in patients with metastatic pancreatic cancer whose disease had progressed during or following a first-line gemcitabine-containing regimen did not meet its primary endpoint of overall survival, still being evaluated as a therapy for non-small cell lung cancer. $LLY PR link.

Henry Schein(PBR240) gets dismissal of claims by a US Federal Trade Commission judge alleging that Henry Schein conspired with competitors to avoid providing discounts to, or to otherwise serve, buying groups representing dental practitioners. $HSIC PR link.

Alexion Pharmaceuticals(PBR601) to acquire clinical-stage biopharmaceutical company Achillion Pharmaceuticals(NASDAQ: ACHN) for an initial $6.30/share, $930 million cash, plus an additional $2.00/share, around $295 million, based an milestone achievements, to close in 1H20. $ALXN PR link.

American Eagle Outfitters(PBR607) to hire nearly 10,000 part-time seasonal brand ambassadors for its American Eagle and Aerie store teams, hiring event set for 10/20/19 in stores. $AEO PR link.

Sabre Corp(PBR621) acquires Orlando, FL based $20 million in revenues in 2019 airline retailing software provider in the low cost carrier space Radixx for around $110 million. $SABR PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Sales-Manufacturers is at $503.0 billion, Retailers $461.9 billion, Wholesalers $499.1 billion, Total Sales $1.464 trillion, +0.2% from July 2019, +1.1% from August 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Preliminary September 2019 Retail Sales are at $460.4 billion, Food Services & Drinking Places $65.2 billion, Total $525.6 billion, -0.3% from August 2019, +4.1% from September 2018. USDOC PR link.

The US Federal Reserve System releases its Beige Book for economic data through 10/07/19. “The U.S. economy expanded at a slight to modest pace since the prior report as business activity varied across the country.” USFed PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary October 2019 Housing Market Composite Index(>50=builders say conditions are good) is at 71, September 2019 was at 68, August 2019 67, October 2018 68. “The housing rebound that began in the spring continues, supported by low mortgage rates, solid job growth and a reduction in new home inventory …” NAHB PR link.

***Tuesday, October 15

Abbott(PBR100) authorizes new up to $3 billion share repurchase program, is in addition to $795 million unused portion of previous authorization. $ABT PR link.

MGM Resorts(PBR257) to form a joint venture with Blackstone(PBR423) Real Estate Income Trust that values the real estate of Bellagio at $4.25 billion, will acquire the Bellagio real estate and lease it back to a subsidiary of MGM Resorts to operate the property for initial annual rent of $245 million, MGM Resorts will receive a 5% equity interest in the joint venture and cash of approximately $4.2 billion, to close in 4Q19. $MGM PR link.

MGM Resorts(PBR257) to sell 2,300 employees Circus Circus Las Vegas for $825 million to an affiliate of Treasure Island owner Phil Ruffin, to close in 4Q19. $MGM PR link.

AMC Entertainment(PBR497) launches AMC Theatres On Demand, a digital movie service with around 2,000 movies, available to AMC Stubs members. $AMC PR link.

***Monday, October 14

UPS(PBR41) launches Storage on Demand, customers request delivery of empty storage bins to their home or business, fill and seal the bins, request pickup and delivery to a secure UPS storage site, then request retrieval delivery when needed, pricing starts at $5/month per bin, available in metro Atlanta, GA area, to expand nationwide. $UPS PR link.

Allergan(PBR197) shareholders approve $188.24/share cash/stock, a 45% premium from the 06/24/19 closing price, equity value of around $63 billion acquisition by AbbVie(PBR91), to close in early 2020. $AGN PR link.

Ross Stores(PBR207) opens 30 Ross Dress for Less® and 12 dd’s DISCOUNTS® stores across 19 different states in September and October, completes store growth plans for fiscal 2019 with the addition of 98 new stores. $ROST PR link.

Sempra Energy(PBR260) to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía SA, to State Grid International Development Limited for $2.23 billion cash, part of strategy to focus on N America business. $SRE PR link.

Asbury Automotive(PBR420) acquires its first Colorado and first Subaru dealership, Denver area 120 employees Mike Shaw Subaru in Thornton. $ABG PR link.

Harley-Davidson(PBR480) halts production of its LiveWire electric motorcycles after discovering a problem related to the vehicle’s charging equipment. $HOG PR link.

KKR(PBR831) acquires majority stake in Hyperoptic Ltd, the UK’s largest residential gigabit broadband provider, includes a full fibre network covering 43 towns and cities across the UK, with gigabit broadband services passing almost 400,000 homes and businesses, with plans to have over 5 million by 2024, terms not disclosed. $KKR PR link.

Hershey(PBR381) President/CEO Michele Buck elected to also be Chairman, succeeds Chairman Chuck Davis who will reassume the role of Lead Independent Director. $HSY PR link.

The US Federal Reserve Bank of New York says the US October 2019 Empire State Manufacturers General Business Conditions Index is at +4.o, September 2019 was at +2.0%, August 2019 +24.3. Indexes assessing the six-month outlook indicated that optimism about future conditions improved somewhat but remained subdued. NYFed PR link.

***Friday, October 11

Amazon(PBR5) to open a 1,000,000+ sf fulfillment center in Channahon, Illinois, creating 500+ new, full-time jobs starting at $15/hr. $AMZN PR link.

Cisco(PBR62) completes acquisition of Salt Lake City, UT privately-held contact center predictive analytics developer and provider CloudCherry, terms not disclosed. $CSCO PR link.

3M(PBR92) completes $6.7 billion, includes debt, acquisition of global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand $1.5 billion in sales in 2018 Acelity from a consortium of Apax Partners. $MMM PR link.

Uber(PBR272) to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto, to close in early 2020, terms not disclosed. $UBER PR link.

Boeing(PBR28) separates Chairman & CEO roles, Dennis Muilenburg continues as President/CEO, Lead Director David Calhoun elected Non-Executive Chairman. $BA PR link.

The US Dept of Labor says the Preliminary September 2019 Import Prices Growth is at +0.2%, August 2019 was at -0.2%, July 2019 +0.0%, September 2018 +0.1%, Last 12 Months -1.6%; September 2019 Export Prices Growth is at -0.2%, August 2019 was at -0.6%, July 2019 +0.2%, September 2018 +0.0%, Last 12 Months -1.6%. USDOL PR link.

The U of Michigan says the US Preliminary October 2019 Consumer Sentiment Index is at 96.0, September 2019 was at 93.2, August 2019 89.8, October 2018 98.6. “Sentiment rebounded in early October as consumers anticipated larger income gains and lower inflation during the year ahead.” UMichigan PR link.

***Thursday, October 10

Amazon(PBR5) increases its Amazon Counter service, a network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location, by thousands with Amazon’s new store partners GNC, Health Mart and Stage Stores. $AMZN PR link.

Prudential Financial(PBR50) completes $2.35 billion plus up to an additional $1.15 billion based on achieving milestones consumer solutions platform for health and financial wellness needs provider Assurance IQ. $PRU PR link.

ADP(PBR221) opens new office in Downtown Allentown, PA, 243,241 sf, 10 floors, for 1,000 employees in a Class A office tower. $ADP PR link.

Electronic Arts(PBR531) EA SPORTS™ FIFA 20 passes 10 million users, 450 million matches playes, 1.2 billion goals scored. $EA PR link.

Triumph Group(PBR680) to sell its Nashville, TN based around $125 million in revenues for year ending 03/31/19 assembly operations to an affiliate of TECT Aerospace, a manufacturer of complex aerostructure components, parts and assemblies, to close by 12/31/19, terms not disclosed. $TGI PR link.

The US Dept of Labor says the US Preliminary September 2019 Employee Current Average Earnings/Hour are at $28.09 with Average Weekly Hours at 34.4 for Average Weekly Earnings of $966.30, August 2019 was at 966.64, July 2019 $960.06, September 2018 $941.85. USDOL PR link.

The US Dept of Labor says the US September 2019 Consumer Price Index grew at +0.0%, August 2019 was at +0.1%, July 2019 +0.3%, September 2018 +0.1%, Last 12 Months +1.7%. USDOL PR link.

***Wednesday, October 9

AT&T(PBR9) to sell its wireless and wireline operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for $1.95 billion cash, to close in 6-9 months. $T PR link.

UPS(PBR40) to purchase 6,000+ natural gas-powered trucks beginning in 2020 and running through 2022, represents a $450 million investment in expanding the company’s alternative fuel and advanced technology vehicle fleet as well as supporting infrastructure. $UPS PR link.

Dollar Tree(PBR129) to hire 25,000+ associates in its fourth annual Nationwide Hiring Event hosted at Dollar Tree and Family Dollar stores across the US on Wednesday, 10/16/19. $DLTR PR link.

PG&E(PBR177) begins to proactively turn off power for safety to nearly 800,000 customers across Northern and Central California, in response to a widespread, severe wind event, to prevent wildfires caused by electrical lines. $PCG PR link.

Fitbit(PBR958) to shift its manufacturing operations outside of China for effectively all of its trackers and smartwatches to avoid tariffs, starting in 01/20. $FIT PR link.

Bed Bath & Beyond(PBR251) hires Mark J. Tritton as President/CEO and member of its Board, effective 11/04/19, succeeds interim CEO Mary A. Winston. $BBBY PR link.

The US Federal Reserve Open Market Committee releases its Minutes from the 09/17-18/19 meeting, “Participants generally had become more concerned about risks associated with trade tensions and adverse developments in the geopolitical and global economic spheres. In addition, inflation pressures continued to be muted. Many participants expected that real GDP growth would moderate to around its potential rate in the second half of the year.” FOMC PR link.

The US Dept of Labor says the US Preliminary August 2019 Job Openings-Private were at 6,320,000, Government 731,000, Total 7,051,000, July 2019 was at 7,174,000, June 2019 7,248,000, August 2018 7,341,000. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Wholesales Sales-Durables is at $239.2 billion, Non-Durables $259.9, Total $499.1, July 2019 was at $499.0 billion, June 2019 $498.2 billion, August 2018 $499.1 billion. USDOC PR link.

***Tuesday, October 8

Johnson & Johnson(PBR35 $JNJ) must pay $8 billion over antipsychotic drug Risperdal says Philadelphia, PA jury, one of 13,000 lawsuits, appeal planned. MarketWatch PR link.

Oracle(PBR78) to hire nearly 2,000 employees worldwide to work on its growing Oracle Cloud Infrastructure business. $ORCL PR link.

Bristol-Myers Squibb(PBR132) extends expiration date of the offers to exchange the Celgene(PBR204) notes for up to $19,850,000,000 from 10/15/19 to 10/25/19, 5:00PM NYC time. $BMY PR link.

AutoZone(PBR275) authorizes additional $1.25 billion for its share repurchase program, has authorizes $23.2 billion in share repurchases since 1998. $AZO PR link.

Domino’s Pizza(PBR671) authorizes new up to $1 billion share repurchase program. $DPZ PR link.

Ashland(PBR639) Chairman/CEO William A. Wulfsohn to retire, effective 12/31/19, Board elects Guillermo Novo as Chairman/CEO successor. $ASH PR link.

The US Dept of Labor says the US Preliminary September 2019 Producer Price Index Total Monthly Final Demand-Goods is -0.4%, Services -0.2%, Total -0.3%, Last 12 Months +1.4%, August 2019 was at +1.8%, July 2019 +1.7%, September 2018 +2.7%. USDOL PR link.

CoreLogic says the US July 2019 Percent of Home Mortgages 30 or more Days Delinquent was at 3.8%, June 2019 was at 4.0%, May 2019 3.6%, July 2018 4.1%; the July 2019 Foreclosure Inventory Rate was at 0.4%, which tied the prior eight months as the lowest for any month since at least January 1999. CoreLogic PR link.

***Monday, October 7

Walmart(PBR1 $WMT) sells ModCloth amid e-commerce ‘evolution.’ MarketWatch PR link.

Amazon(PBR5) expands Amazon FreeTime and FreeTime Unlimited to more devices, including the new Kindle Kids Edition($109.99), Fire HD 10 Kids Edition, and on select Fire TV devices. $AMZN PR link.

Amazon(PBR5) introduces its all-new Fire HD 10, its largest tablet, with a full HD 10.1” display and 2.0 GHz octa-core processor, includes up to 12 hours of battery life, 32 GB of internal storage with up to 512 GB more via microSD, fast and easy charging with USB-C, Alexa hands-free, and picture-in-picture capability, for $149.99. $AMZN PR link.

GE(PBR20) is freezing the US GE Pension Plan for approximately 20,000 employees with salaried benefits, and US Supplementary Pension benefits for approximately 700 employees, both effective 01/01/21; also offering a limited time lump-sum payment option to around 100,000 eligible former employees who have not started their monthly US GE Pension Plan payments, to reduce GE’s pension deficit by approximately $5-8 billion and Industrial net debt by approximately $4-6 billion. $GE PR link.

Kroger(PBR21) is discontinuing the sale of electronic nicotine delivery products, or e-cigarettes, at all store and fuel center locations due to the mounting questions and increasingly-complex regulatory environment associated with these products, will exit this category after selling through its current inventory. $KR PR link.

Sears(PBR179 $SHLDQ) gets court approval for liquidation plan. MarketWatch PR link.

Dick’s Sporting Goods(PBR352) to host its second-annual “National Signing Day” on 10/16/19, hiring up to 8,000 seasonal teammates. $DKS PR link.

Michaels Cos(PBR511) and UPS(PBR40) complete rollout of UPS Access Point® pickup and delivery locations to 1,100+ Michaels Cos stores nationwide. $MIK PR link.

Square(PBR690) now providing service for CBD products vendors to be able to accept payments. $SQ PR link.

Aramark(PBR195) hires its former President of Global Food & Support Services John J. Zillmer as CEO and member of the Board, effective immediately. $ARMK PR link.

Red Robin(PBR977) Chair Pattye Moore to retire effective 11/01/19, Board member David A. Pace appointed as successor. $RRGB PR link.

The US Federal Reserve System says the US Preliminary August 2019 Consumer Credit Outstanding-Revolving is at $1.079 trillion, Non-Revolving $3.062 trillion, Total $4.141 trillion, +$17.9 billion from July 2019, +$130.7 billion YTD(8 months), +$201.4 billion from August 2018. USFed PR link.

FannieMae(PBR22) says the US September 2019 Housing Market Sentiment Index is at 91.5, August 2019 was at 93.8, July 2019 93.7, September 2018 87.7. “Consumer sentiment remains relatively strong overall, though uncertainty about the economy and individual financial circumstances appear to be weighing on housing market attitudes a bit more than a month ago…” $FNMA PR link.

***Friday, October 4

The PBRMarketTools US Stock Exchanges Recap for Week 40 ending 10/04/19:

DJIA ends Week 40 at 26,573.72, -0.92% from last Friday, -1.27% MTD/QTD, +13.92% YTD, -2.87% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 40 at 7,982.47, +0.54% from last Friday, -0.21% MTD/QTD, +20.3% YTD, -4.17% from record 8,330.21 set 07/26/19.

SPX ends Week 40 at 2,952.01, -0.33% from last Friday, -0.83% MTD/QTD, +17.76% YTD, -2.44% from record 3,025.86 set 07/26/19.

The Week 40 News Summary: Most of the news for the week revolved around the US House’s Impeachment Inquiry of President Trump and his alleged arm twisting of Ukraine to investigate presidential candidate Joe Biden and his son Hunter. Economic news about the US manufacturing sector was not very encouraging, but at the end of the week the ADP and US jobs reports came out, showing continued hiring and a 3.5% unemployment rate, the lowest since December 1969, and took away some recession fears talk. US/China trade negotiations are still on and talks with N Korea about its nuclear weapons are said to be set as well. The Stock Market Bear aggressively gashed out big holes in the stock exchanges on Tuesday and Wednesday, but The Stock Market Bull came back to unexpectedly take the NASDAQ for the week. Week 40 ends with a mixed result, the first mixed result since Week 18, with The Stock Market Bear taking a 2-1 win.

The Week 40 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 7 weeks

Phillips 66(PBR24) approves new up to $3 billion share repurchase program, for an aggregate of $15 billion authorized since 2012. $PSX PR link.

Johnson & Johnson(PBR35) gets US FDA approval for DARZALEX® (daratumumab) in combination with bortezomib, thalidomide and dexamethasone (VTd) for newly diagnosed patients with multiple myeloma who are eligible for autologous stem cell transplant. $JNJ PR link.

Ally Financial(PBR294)’s Ally Invest online brokerage and wealth management unit to offer $0 commissions on US stock, ETF, and option trades starting 10/09/19. $ALLY PR link.

Activision Blizzard(PBR390)’s Call of Duty®: Mobile has surpassed 35 million downloads, faster than any other mobile First Person or Third Person Action games on App Store and Google Play. $ATVI PR link.

Hess(PBR444) to receive $275 million plus 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) upon HESM’s acquisition of Hess Infrastructure Partners, which is a 50/50 joint venture between Hess and Global Infrastructure Partners. $HES PR link.

Equinix(PBR525) to acquire three data centers that serve the Mexico City and Monterrey metro areas of Mexico from Axtel S.A.B. de C.V. (BMV: AXTELCPO) for $175 million in an all-cash transaction, to close in 1Q20. $EQIX PR link.

Take-Two Interactive(PBR789)’s Rockstar Games® unit to release Red Dead Redemption 2 for PC on 11/05/19, with special bonuses available to players who pre-purchase through the Rockstar Games Launcher starting 10/09/19. $TTWO PR link.

The US Dept of Labor says the US September 2019 Civilian Labor Force Employed was at 164,039,000, +391,000 from August 2019, +2,200,000 from September 2018; Unemployed at 5,770,000, -274,000 from August 2019, -194,000 from September 2018; Unemployment Rate is at 3.5%, lowest since December 1969. USDOL PR link.

The US Dept of Commerce says the US August 2019 Exports-Goods was at $138.6 billion, Services $69.3 billion, Total $207.9 billion, YTD Total $1,655 billion; Imports-Goods were at $213.0 billion, Services $49.8 billiion, Total $262.8 billion; Total August 2019 Deficit was $54.9 billion, Total August 2018 Deficit was $54.9 billion; Total Deficit YTD 2019(8 months) was $428.7 billion, Total Deficit YTD 2018 was $401.1 billion. USDOL PR link.

***Thursday, October 3

Alphabet(PBR16)’s Google unit launches redesigned Google Shopping in the US. $GOOG PR link.

HP Inc(PBR54) to complete reduction of gross global headcount by 7,000-9,000 in fiscal 2022, authorizes additional $5 billion for share repurchase program, balance available is now around $6.7 billion. $HPQ PR link.

Macy’s(PBR114) to hire approximately 80,000 seasonal colleagues for its Macy’s and Bloomingdale’s stores, call centers and distribution and fulfillment centers for the 2019 holiday season, sets national hiring event on Thursday, 10/24/19, from 11am– 7pm, in local time zones. $M PR link.

Eli Lilly(PBR116) has requested the delisting of its shares (ISIN US5324571083) (“Lilly Shares”) from Euronext Paris due to the very low trading volume, costs and administrative requirements related to its secondary listing on Euronext Paris. $LLY PR link.

MGM Resorts(PBR256) reaches settlement agreement with plaintiffs over 10/01/17 shooting, settlement amount to be $735 million to $800 million, entire process to be completed by end of 2020. $MGM PR link.

Domtar(PBR499) to close its Ashdown, AR pulp and paper mill, and the Port Huron, MI paper mill, workforce to be reduced by around 100, will reduce the Company’s annual uncoated freesheet paper capacity by approximately 204,000 short tons. $UFS PR link.

Zoetis(PBR476) CEO Juan Ramón Alaix to retire effective 12/31/19, EVP & Group President Kristin Peck to be successor on 01/01/20. $ZTS PR link.

The US Dept of Commerce says the US Preliminary August 2019 Manufacturers’ New Orders-Durable Goods was at $250.7 billion, Non-Durable Goods $249.0 billion, Total $499.7 billion, -0.1% from July 2019, -2.4% from August 2018. USDOC PR link.

The Institute for Supply Management says the US September 2019 Non-Manufacturing Index(>50%=economy expanding) is at 52.6%, August 2019 was at 56.4%, July 2019 53.7%, September 2018 60.8%. ISM PR link.

IHS Markit says the US September 2019 Composite PMI Index is at 51.0, August 2019 was at 50.7, July 2019 52.6, September 2018 53.9. IHS Markit PR link.

***Wednesday, October 2

General Motors(PBR13 $GM) latest proposal to United Auto Workers met with counterproposal as strike by 49,000 continues into16th day. UAW PR link.

Alphjabet(PBR16)’s Google unit expands security options with Incognito Mode for Maps and Auto-Delete to YouTube. $GOOG PR link.

Microsoft(PBR19) announces 5 new Surface computer products and 2 dual-screen devices for its Holiday 2020 campaign. $MSFT PR link.

Johnson & Johnson(PBR35) Janssen unit does settlement agreement with the Ohio counties of Cuyahoga and Summit that resolves all of the counties’ claims with no admission of liability and removes the Company from the federal trial scheduled to begin 10/21/19, will pay $10 million plus $5 million to reimburse counties’ legal and other expenses, as well as $5.4 million of its charitable contributions to non-profit organizations in connection with opioid-related programs in these two counties. $JNJ PR link.

Tesla(PBR140) delivers 17,400 Model S/X and 79,600 Model 3s, a record total of 97,000, in 3Q19, achieved record net orders in 3Q19 and are entering 4Q19 with an increase in its order backlog, financial results to be released later. $TSLA PR link.

Charles Schwab(PBR304) is first major US stock broker to eliminate US & Canada stock, ETF and options commissions, effective 10/07/19, was $4.95 per trade, no minimum balance required. $SCHW PR link.

Blackstone(PBR424) to acquire 65% controlling interest in Great Wolf Resorts, the owner and operator of 18 family-oriented entertainment resorts around the US, transaction includes Blackstone and Centerbridge forming a new $2.9 billion joint venture to own the Company. $BX PR link.

Rockwell Automation(PBR436) and Schlumberger(PBR90) completes forming of 53/47 joint venture Sensia, the oil and gas industry’s first fully integrated digital oilfield automation solutions provider, will have 1,000 employees, anticipates $400 million in annual revenues, Rockwell made a $250 million cash payment to Schlumberger at closing. $ROK PR link.

TD Ameritrade(PBR500) becomes 2nd major US stock broker to eliminate commission fees for US & Canada online stock, ETF, and option trades, was $6.95 per trade, to be effective 10/03/19. $AMTD PR link.

E*Trade(PBR750) to eliminate retail commissions for online US listed stock, ETF, and options trades, effective 10/07/19. $ETFC PR link.

The Cheesecake Factory(PBR840) completes $308 million cash plus an additional $45 million due over the next four years acquisition of Phoenix, AZ based Fox Restaurant Concepts and the remaining interest in North Italia. $CAKE PR link.

Splunk(PBR922) completes $1.05 billion 60% cash and 40% stock acquisition of SignalFx, an SaaS provider in real-time monitoring and metrics for cloud infrastructure, microservices and applications. $SPLK PR link.

GoPro(PBR992) announces $399 HERO8 Black and its performance-expanding $49.99-$79.99 Mods, along with $499 MAX, the company’s new dual-lens camera. $GPRO PR link.

ADP(PBR220) says the US Preliminary September 2019 Change in NonFarm Private Employment was at +135,000, August 2019 was +157,000, July 2019 +143,000, September 2018 +199,000; the Goods Producing Sector was +8,000, Services Sector +127,000. $ADP PR link.

Automotive News reports US September 2019 New Light Vehicle Sales were at 1,268,871, -12.0% from September 2018, Average Transaction Price is $34,709, +2.0% from September 2018, Average Loan Rate at 5.7%, September 2018 was at 5.8%. Automotive News PR link.

Salesforce(PBR237) forecasts record $136 billion in US online sales, a 13% increase over 2018, and $768 billion globally despite shortened holiday season. $CRM PR link.

***Tuesday, October 1

Ford(PBR12) forms a joint venture with Mahindra & Mahindra that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world. $F PR link.

Ford(PBR12) to take a material impairment charge of $800 million to $900 million related to fixed assets in its India Automotive operations, will be reflected in 3Q19 statements, will not result in any cash expenditures. $F PR link.

GE(PBR20) Chairman/CEO Larry Culp does a Q&A reviewing his 1st year at GE. $GE PR link.

CBRE(PBR142)’s Trammell Crow unit completes $4.41/share, $336.9 million cash acquisition of London, UK based multifamily residential properties developer with $1.66 billion in projects in the pipeline Telford Homes Plc (AIM:TEF). $CBRE PR link.

Ameriprise(PBR244) completes sale of De Pere, WI-based Ameriprise Auto & Home to Madison, WI-based American Family Insurance for approximately $1.135 billion in cash. $AMP PR link.

Bausch Health(PBR359) has filed a lawsuit against Sandoz Inc., a Novartis division, alleging patent infringement of 14 patents by Sandoz’s filing of its Abbreviated New Drug Application (ANDA) for XIFAXAN® (rifaximin) 550 mg tablets. $BHC PR link.

Mattel(PBR562) in partnership with the Natl Federation of the Blind introduces card game UNO Braille, enables blind and sighted to play together, retails for $9.99. $MAT PR link.

Boston Properties(PBR777) to own 55% and joint venture partner Canada Pension Plan Investment Board 45% for development of Platform 16, a 1.1 million sf Class A urban office campus on 5.4 acres near Diridon Station in downtown San Jose, CA. $BXP PR link.

Superior Energy(PBR873) authorizes up to $15 million share repurchase program, expires 03/31/20. $SPNV PR link.

SL Green Realty(PBR984) to sell 220 East 42nd Street, a 37 story art-deco building also known as The News Building, in Midtown Manhattan for $815.0 million, or approximately $715 per square foot, to close in 1Q20. $SLG PR link.

The US Dept of Commerce/Census says the US Preliminary August 2019 Annual Rate for Construction-Residential is at $513.5 billion, Non-Residential $773.8 billion, Total $1.287 trillion, +0.1% from July 2019, -1.9% from August 2018. USDOC PR link.

The Institute for Supply Management says the US September 2019 Manufacturing PMI Index(<50=economy contracting) is at 47.8%, August 2019 was at 49.1%, July 2019 51.2%, September 2018 59.8%. “Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are continuing to closely match inventories to new orders. Prices decreased for the fourth consecutive month, but at a slower rate.” ISM PR link.

IHS Markit says the US September 2019 US Manufacturing PMI is at 51.1, August 2019 was at 50.3, July 2019 50.4, September 2018 55.6. “September PMI data indicated a marginally faster rate of improvement in the health of U.S manufacturing, though the overall picture remained one of a stuggling goods producing sector that has suffered its worst quarter since 2009. ” IHS Markit PR link.

The PurdueU/CME Group US September 2019 Ag Barometer Composite Index is at 121, August 2019 was at 124, July 2019 153, September 2018 114. “Although the barometer’s decline was small, there was a relatively large sentiment shift among ag producers as they were noticeably more pessimistic about current conditions on their farms and in the U.S. ag economy , but somewhat more optimistic about future economic conditions, both compared to one month earlier.” PurdueU PR link.

***Monday, September 30

The PBRMarketTools US Stock Exchanges Recap for September ending 09/30/19:

DJIA ends September 2019 at 26,916.83, +0.36% from last Friday, +1.95% MTD, +1.19% QTD, +15.39% YTD, -1.62% from record 27,359.16 set 07/15/19.

NASDAQ ends September at 7,999.34, +0.75% from last Friday, +0.46% MTD, -0.09% QTD, +20.56% YTD, -3.97% from record 8,330.21 set 07/26/19.

SPX ends September at 2,976.74, +0.50% from last Friday, +1.72% MTD, +1.19% QTD, +18.74% YTD, -1.62% from record 3,025.86 set 07/26/19.

The Month 9 of 2019 tally YTD is:
The Stock Market Bull: 7 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

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The PBR1000 September 2019 Stocks & Commodities Snapshots

October 3, 2019 by admin

September 2019 The PBR1000:

The Stock Market Bull Prevails

September 2019 was a significantly less volatile month than August, and 2019 overall has been quite good. Will The Stock Market Bull keep good order in the pasture for the 4th quarter?

By Larry C. Paxton

The September 2019 News Summary: The month ended with US/China trade negotiations scheduled to continue in October. The US Beige Book indicated modest expansion of the US economy. A week later the Federal Reserve Open Market Committee lowered the federal funds rate by 0.25% to 1.75-2.00%. Other US economic data indicates a contraction in manufacturing, but continued modest to moderate growth. In other international news Saudi Arabia oilfields were hit, evidence points to Iran, but repairs are expected to bring production up to previous levels soon. The UK Brexit is still a mess as new Prime Minister Boris Johnson’s efforts have not amounted to much and he is under heavy criticism. The Eurozone is implementing some quantitative easing. Back in the US some severe weather storms affected some coastal areas. But at the end of the month the biggest storm was the US House approving and then aggressively pursuing an impeachment inquiry against President Trump based on his conversations with Ukraine leadership. Overall, it was a good month for the US stock markets with The Stock Market Bull winning 3-0 over The Stock Market Bear who was not able to take advantage of the political and international turmoil.

The Month 9 of 2019 tally YTD is:
The Stock Market Bull: 7 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

The September 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

Number of Gain(+)/Loss(-) Days: DJIA 13+/7-; NASDAQ 8+/12-; SPX 11+/9-.

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 8 days(09/04-13/19), NASDAQ 2 days(09/04-05/19, 09/11-12/19), and SPX 3 days(09/04-06/19, 09/10-12/19, 09/17-19/19)

Longest Loss Streak(Consecutive Days): DJIA 2 days(09/19-20/19), NASDAQ 3 days(09/06-10/19), and SPX 3 days(09/20-24/19)

Big Swing Up Days(>1.00%): 4 days, 09/04/19(N +1.30%), 09/05/19(D +1.41%, N +1.75%, S +1.30%), 09/11/19(N +1.06%), 09/25/19(N +1.05%)

Big Swing Down Days(<-1.00%): 3 days, 09/03/19(D -1.08%, N -1.11%), 09/24/19(N -1.46%), 09/27/19(N -1.13%)

The PBR1000 September 2019 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 September 2019 Snapshots. The price for stocks is for the close of trading on September 30, 2019, Month % Chg is compared to August 30, 2019, YTD % Chg is compared to December 31, 2018, and the 21 Months % Chg is compared to December 29, 2017. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots just click here to get your 12 month subscription and automatically download the September 2019 edition with the complete 15 Snapshots and 28 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +142% to -61%. 752 out of 1,000 stocks were up 0% or more. The average was a gain of 2.26%, the median was a gain of 3.81%. The DJIA was +1.95%, NASDAQ +0.46%, SPX +1.72%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Stage Stores	954	SSI	$ 1.86	+142	+151	+11
Hovnanian	892	HOV	$ 19.25	+134	+13	-77
Pier 1 Imports	956	PIR	$ 9.72	+122	+57	-88
SemGroup	817	SEMG	$ 16.34	+85	+19	-46
Michael’s	510	MIK	$ 9.79	+73	-28	-60

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +350% to -96%. 738 out of 993 stocks were up 0% or more. The average was a gain of 20.20%, the median was a gain of 16.23%. The DJIA was +15.39%, NASDAQ +20.56%, SPX +18.74%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Diebold Nixdorf	554	DBD	$ 11.20	-0	+350	-32
FannieMae	22	FNMA	$ 3.80	+35	+258	+43
FreddieMac	40	FMCC	$ 3.59	+33	+242	+42
Avon Products	489	AVP	$ 4.40	+1	+189	+105
Snap	988	SNAP	$ 15.80	-0	+187	+8

Table 3(S13): The PBR1000 Top 5 21 Months Stock Price % Gainers

Table 3 Summary: The range was +231% to -99%. 479 out of 991 stocks were up 0% or more. The average was a gain of 7.42%. The median was a loss of 1.42%. The DJIA was +8.89%, NASDAQ +15.88%, SPX +11.34%.

Company	PBR Rank	Symbol	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
BlueLinx	755	BXC	$ 32.33	+13	+31	+231
Chipotle	535	CMG	$ 840.47	+0	+95	+191
AMD	442	AMD	$ 28.99	-8	+57	+182
FTI Consulting	885	FCN	$ 105.99	-2	+59	+147
Keysight Tech	617	KEYS	$ 97.25	+0	+57	+134

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $1,052 billion to $0.01 billion. The average is $27.976 billion, median is $7.81 billion, out of 1,000 companies.

Company	PBR Rank	Symbol	Market Cap($B) 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
Microsoft	19	MSFT	$ 1,052 B	-0	+36	+60
Apple	3	AAPL	$ 989 B	+5	+33	+13
Amazon	5	AMZN	$ 854 B	-3	+18	+53
Alphabet	16	GOOG	$ 850 B	+3	+18	+16
Berkshire Hathaway	4	BRKA	$ 509 B	+2	+2	+4
The PBR1000			$ 27,976 B	+1	+18	+8

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company	Price 09/30/19	Mo % Chg	YTD % Chg	21 Mos % Chg
The PBR1000	93,052.64	+2.3	+20.2	+7.4
DJIA	26,916.83	+2.0	+15.4	+8.9
NASDAQ	7,999.34	+0.5	+20.6	+15.9
S&P500	2,976.74	+1.7	+18.7	+11.3
GOLD	1,478.30	-3.3	+15.1	+13.3
SILVER	17.04	-7.1	+9.5	+0.3
OIL	54.24	-1.6	+18.4	-9.8

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The PBR1000 September 2019 Breaking News Recap

October 1, 2019 by admin

The PBR1000 for September 2019: American Football Starts, It’s A Lot Like International Trade Negotiations.

International Big Business is a lot like American football. You need to have excellent and powerful offenses and defenses.

By Larry C. Paxton

The September 2019 breaking news items of interest for The PBR1000 follow with the most current date first.

***Monday, September 30

The PBRMarketTools US Stock Exchanges Recap for September ending 09/30/19:

DJIA ends September 2019 at 26,916.83, +0.36% from last Friday, +1.95% MTD, +1.19% QTD, +15.39% YTD, -1.62% from record 27,359.16 set 07/15/19.

NASDAQ ends September at 7,999.34, +0.75% from last Friday, +0.46% MTD, -0.09% QTD, +20.56% YTD, -3.97% from record 8,330.21 set 07/26/19.

SPX ends September at 2,976.74, +0.50% from last Friday, +1.72% MTD, +1.19% QTD, +18.74% YTD, -1.62% from record 3,025.86 set 07/26/19.

The September 2019 News Summary: The month ended with US/China trade negotiations scheduled to continue in October. The US Beige Book indicated modest expansion of the US economy. A week later the Federal Reserve Open Market Committee lowered the federal funds rate by 0.25% to 1.75-2.00%. Other US economic data indicates a contraction in manufacturing, but continued modest to moderate growth. In other international news Saudi Arabia oilfields were hit, evidence points to Iran, but repairs are expected to bring production up to previous levels soon. The UK Brexit is still a mess as new Prime Minister Boris Johnson’s efforts have not amounted to much and he is under heavy criticism. The Eurozone is implementing some quantitative easing. Back in the US some severe weather storms affected some coastal areas. But at the end of the month the biggest storm was the US House approving and then aggressively pursuing an impeachment inquiry against President Trump based on his conversations with Ukraine leadership. Overall, it was a good month for the US stock markets with The Stock Market Bull winning 3-0 over The Stock Market Bear who not able to take advantage of the political and international turmoil.

The Month 9 of 2019 tally YTD is:
The Stock Market Bull: 7 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

Walmart(PBR1 $WMT) takes on Amazon(PBR5 $AMZN) in India with enhancements to Flipkart’s ‘Big Billion Days’ MarketWatch PR link.

Fannie Mae(PBR22 $FNMA) and FreddieMac(PBR39 $FMCC) get approval by FHFA and US Treasury to retain capital up to $45 billion combined to minimize impact of an economic downturn. FHFA PR link.

Boeing(PBR28) forms new Product and Services Safety organization in addition to previously announced Aerospace Safety Committee to unify its approach to safety. $BA PR link.

Johnson & Johnson(PBR35)’s Janssen unit gets US FDA approval for a new indication for INVOKANA® (canagliflozin) to reduce the risk of end-stage kidney disease (ESKD), worsening of kidney function, cardiovascular (CV) death, and hospitalization for heart failure in adults with type 2 diabetes and diabetic kidney disease (nephropathy) with a certain amount of protein in the urine. $JNJ PR link.

HP Inc(PBR54) announces the HP Spectre x360 13, 13% smaller, 22 hour battery life, 2.8 lbs, available in 10/19 on HP.com, starts at $1,099. $HPQ PR link.

Dollar General(PBR111) opens its 16,000th store, located in Panama City, FL. $DG PR link.

Sempra Energy(PBR259) to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur, to China Yangtze Power International (Hong Kong) for $3.59 billion in cash. $SRE PR link.

Blackstone(PBR424) to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital(PBR790), for $5.9 billion, to close in 4Q19. $BX PR link.

Blackstone(PBR424) completes acquisition of San Francisco, CA based performance marketing platform for in-app video advertisements on mobile devices provider Vungle, used by publishers of more than 60,000 mobile apps worldwide, terms not disclosed. $BX PR link.

Colfax(PBR649) completes $1.80 billion sales of its Air and Gas Handling business to KPS Capital Partners. $CFX PR link.

Gannett(PBR745) special stockholders meeting set for 11/14/19 to vote on $12.06/share $1.35 billion cash and stock acquisition by New Media Investment Group(NYSE: NEWM), to close by 12/31/19. $GCI PR link.

Genesco(PBR865) authorizes new up to $100 million share repurchase program. $GCO PR link.

Cabot Oil & Gas(PBR867) to sell its 20% interest in Meade Pipeline to a NextEra Energy Partners(NYSE: NEP) subsidiary for $256 million, to close in 4Q19. $COG PR link.

The US Dept of the Treasury says the US National Debt-Public on 09/27/19 is at $22.622 trillion, Intragovernmental Holdings $5.848 trillion, Total US Debt $22.622 trillion, +0.7% from 08/30/19, +3.0% from 12/31/18, +5.1% from 07/31/18. USTreasury PR link.

The US Dept of Treasury says the US 09/30/19 10 Year Treasury Note Yield is at 1.68%, 08/30/19 was at 1.50%, 07/31/19 2.53%, 09/30/18 3.05%. USTreasury PR link.

The US Dept of Commerce/BEA says the US Preliminary 2Q19 Net International Investment Position-Assets is at $28.009 trillion, Liabilities $38.565 trillion, for a Deficit $10.555 trillion, +3.9% from 1Q19, +18.5% from 2Q18. USDOC PR link.

The US Federal Reserve Bank of Chicago says the US 7th District Preliminary August 2019 Midwest Economy Index is at -0.26, July 2019 was at -0.37, June 2019 -0.29, August 2018 +0.29. “Index points to a pickup in Midwest economic growth in August.” ChiFed PR link.

MNI says the Chicago September 2019 Business Barometer(<50=Declining) is at 47.1, August 2019 was at 50.4, July 2019 44.4, September 2018 60.4. MNI PR link.

The American Automobile Assn says the US 09/30/19 Average Price Per Gallon of Regular Gas is at $2.654, 08/30/19 was at $2.580, 07/31/19 $2.721, 09/28/18 $2.875. AAA PR link.

***Friday, September 27

The PBRMarketTools US Stock Exchanges Recap for Week 39 ending 09/27/19:

DJIA ends Week 39 at 26,820.25, -0.43% from last Friday, +1.58% MTD, +0.83% QTD, +14.97% YTD, -1.97% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 39 at 7,939.63, -2.19% from last Friday, -0.29% MTD, -0.83% QTD, +19.66% YTD, -4.69% from record 8,330.21 set 07/26/19.

SPX ends Week 39 at 2,961.79, -1.01% from last Friday, +1.21% MTD, +0.68% QTD, +18.15% YTD, -2.12% from record 3,025.86 set 07/26/19.

The Week 39 News Summary: There was a new hot topic this week, the Impeachment Inquiry by the US House as they questioned President Trump’s conversation with Ukraine’s leader where he suggested an investigation into Joe Biden and his son Hunter, with both sides taking an aggressive posture. President Trump also gave a somewhat controversial speech at the UN regarding the purpose of a nation. There continue to be growing concerns about the slowing global economy, with the Eurozone prepared to take some actions. US economic news is also mixed, but still growing at a moderate and steady rate. The US Senate passed a spending bill that will take the government through 11/21/19. While The Stock Market Bull tried to turn Week 39 around on Wednesday, he was unsuccessful, and The Stock Market Bear prevailed for a second week in a row, winning 3-0.

The Week 39 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 14 weeks
Mixed Results: 6 weeks

Tesla(PBR140 $TSLA) unfairly fought union organizing and must reimburse employees, judge finds. MarketWatch PR link.

Mylan(PBR272) to pay $30 million fine to the US Securities and Exchange Commission over EpiPen® and EpiPen Jr® Auto-Injectors for purposes of the Medicaid Drug Rebate Program, Mylan neither admits nor denies the SEC’s allegations. $MYL PR link.

Herbalife(PBR535 $HLF) agrees to pay $20 million to settle charges with the US Securities and Exchange Commission that it made false and misleading statements about its China business model in numerous US regulatory filings over a six-year period. SEC PR link.

Ametek(PBR537) to acquire Pleasanton, CA based $180 million in annual sales instrumentation and software used to enhance and extend the operation and performance of electron microscopes manufacturer Gatan from Roper Technologies(PBR517) for $925 million cash, to close in 4Q19. $AME PR link.

Wells Fargo(PBR29) hires Charles W. Scharf as President/CEO and member of the Board, to be effective 10/21/19. $WFC PR link.

Pfizer(PBR59) Executive Chairman Ian Read to retire on 12/31/19, CEO Albert Boura to also become Chairman on 01/01/20. $PFE PR link.

BNY Mellon(PBR185) Chairman/CEO Charles W. Scharf to become President/CEO of Wells Fargo(PBR28), Todd Gibbons appointed Interim CEO and member of the Board. $BK PR link.

The US Dept of Commerce/BEA says the US Preliminary August 2019 Personal Income Annual Rate is at $18.773 trillion, +0.4% from July 2019, +6.2% from August 2018, Personal Savings Rate is at +8.1%, Effective Tax Rate +11.7%. USDOC PR link.

The Conference Board says the US Final September 2019 Consumer Sentiment Index is at 93.5, August 2019 was at 89.8, July 2019 98.4, September 2018 100.1. TCB PR link.

***Thursday, September 26

ExxonMobil(PBR2) to sell its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021, to Vår Energi AS, to close in 4Q19. $XOM PR link.

Lockheed(PBR59) authorizes up to an additional $1.0 billion share repurchase program, balance available now is around $3.3 billion. $LMT PR link.

Abbott(PBR99) gets US FDA approval for its Proclaim XR™ recharge-free neurostimulation system for people living with chronic pain. $ABT PR link.

NGL Energy(PBR120) to acquire all of the equity interests of producer of water pipeline and disposal infrastructure solutions to some in the New Mexico and Texas producers Hillstone Environmental Partners from Golden Gate Capital for approximately $600 million, to close by 12/31/19. $NGL PR link.

WellCare Health Plans(PBR151) to sell its Missouri and Nebraska Medicaid plans to Anthem(PBR33) to meet US regulatory requirements for its $305.39/share cash & stock, $17.3 billion acquisition by Centene(PBR50), to close in 1H20. $WCG PR link.

Blackstone(PBR424) completes $18.7 billion acquisition of assets from three of GLP’s US funds, totals 179 million square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing US industrial footprint. $BX PR link.

Skechers(PBR549) says that since 2016 it has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable. $SKX PR link.

Superior Energy(PBR873) gets delisting notice from NYSE for low stock prices, common stock to start trading on 09/27/19 on the OTC exchange with ticker SPNV, plans to appeal decision. $SPN PR link.

Becton Dickenson(PBR192) Chairman/CEO Vincent Forlenza to step down as CEO, become Executive Chairman, President/COO Thomas E. Polen to become CEO, to be effective 01/28/20. $BDX PR link.

The US Dept of Commerce/BEA says the US 2Q19 3rd Estimate Gross Domestic Product Annual Growth Rate remains at +2.0%, $21.340 trillion, +1.1% from 1Q19, +4.1% from 2Q18. USDOC PR link.

The US Dept of Labor says the US 4 Week Moving Average Initial Unemployment Insurance Claims for the Week Ending 09/20/19 was at 212,000, -1.2% from 08/24/19, +2.8% from 09/22/18. USDOL PR link.

FreddieMac(PBR39) says the US Average 30 Year Fixed Mortgage Rate on 09/26/19 is at 3.64% with 0.6 points/fees, 08/29/19 was at 3.58%, 07/25/19 3.75%, 09/27/18 4.72%. $FMCC PR link.

The Kaiser Family Foundation says the annual family premiums for employer-sponsored health insurance rose 5% to average $20,576 this year, with employers covering 71% of the cost, workers wages rose 3.4% and inflation 2% over the same time. KFF PR link.

***Wednesday, September 25

Amazon(PBR5) announces Certified for Humans, a new program to help find products that are tested to be simple to setup and work dependably with Alexa, and new devices like the 4-in-1 Amazon Smart Oven. $AMZN PR link.

Amazon(PBR5 $AMZN) launches Amazon Care pilot health care program for Seattle area employees with virtual, in-home options. MarketWatch PR link.

Marathon Petroleum(PBR31 $MPC) is sent letter by activist investor Elliott Management recommending MPC split into 3 companies to increase shareholder value. Elliott Management PR link.

Marathon Petroleum(PBR31) responds to letter from activist investor Elliott Management, says how it has done a good job for shareholders, will thoroughly evaluate Elliott’s proposal. $MPC PR link.

Philip Morris(PBR36) and Altria(PBR112) end merger discussions, each will focus on IQOS heated tobacco product. $PM PR link.

Facebook(PBR56) introduces hand tracking on Oculus Quest, announces Facebook Horizon for creating VR worlds. $FB PR link.

Best Buy(PBR70) sets financial targets for 2025, includes $50 billion in enterprise revenue, $1 billion of additional cost reductions and efficiencies. $BBY PR link.

Abbott(PBR99) gets US FDA clearance for ARCHITECT STAT High Sensitivity Troponin-I blood test, could help identify heart attacks several hours sooner than standard troponin tests and help improve diagnosis in women. $ABT PR link.

VF Corp(PBR229) expects to generate approximately $8 billion of free cash flow on a cumulative basis between fiscal 2020 and fiscal 2024 and intends to return $10 billion to shareholders through dividends and share repurchases. $VFC PR link.

Mattel(PBR562) announces the global unveil of Creatable World™, a customizable doll line offering endless combinations all in one box, consists of six different doll kits that are available in a variety of skin tones, retail price $30. $MAT PR link.

Tailored Brands(PBR694) gets multiyear partnership with the National Hockey League (NHL®),first partnership with the NHL, hockey fans will be able to customize their suits, sport coats, formal jackets and vests with linings from their favorite NHL teams by visiting any Men’s Wearhouse and Jos. A. Bank stores throughout the U.S. and Moores stores across Canada. $TLRD PR link.

eBay(PBR285)‘s Devin Wenig steps down as President/CEO and Board member, SVP/CFO Scott Schenkel appointed Interim CEO, internal/external new CEO search starts. $EBAY PR link.

The US Dept of Commerce/HUD says the US Preliminary August 2019 New Family Homes for Sale Annual Rate is at 713,000 units, +7.1% from July 2019, +18.0% from August 2018; Median Price is at $328,400, +7.5% from July 2019, +2.2% from August 2018; Months Supply at 5.5. USDOC PR link.

The US Energy Information Administration says the US Crude Oil Stocks on 09/20/19 were at 419.5 million barrels of oil, -1.9% from 08/23/19, +5.9% from 09/21/18. USEIA PR link.

***Tuesday, September 24

Alphabet(PBR16 $GOOG)’s Google unit apologizes, promises to give users more control over how and when it stores voice recordings. MarketWatch PR link.

Sprint(PBR89) being investigated by the US Federal Communications Commission for violations of the Lifeline program for low income people, claims Sprint received public payments for 850,000 inactive users, FCC says it jeopardizes merger with T-Mobile US(PBR68). $S PR link.

Fluor(PBR158) announces strategic plan to sell its construction equipment rental company (AMECO) and its government business, and to monetize surplus real estate and non-core investments, anticpates $1+ billion in aggregate proceeds. $FLR PR link.

HD Supply(PBR470) intends to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies, to be completed by mid 2020. $HDS PR link.

Bloomin’ Brands(PBR602) kicks off exclusive partnership with DoorDash with a free 6 oz. Outback Center-cut Sirloin and a side give-away, with a minimum $20 purchase, 10,000 per day for 5 days, 09/25-29/19. $BLMN PR link.

Vail Resorts(PBR886) completes $11.00/share, around $264 million all stock acquisition of $60 million revenues in 12 months ending 07/31/19 Peak Resorts(NASDAQ: SKIS), adds 17 US ski areas to its network. $MTN PR link.

Fortune Brands(PBR497) CEO Christopher Klein to become Executive Chairman, President/COO Nick Fink to become CEO, current Chairman David Thomas to become Lead Independent Director, all on 01/06/20. $FBHS PR link.

The Conference Board says the US Preliminary September 2019 Consumer Confidence Index(1985=100) is at 125.1, August 2019 was at 134.2. “The escalation in trade and tariff tensions in late August appears to have rattled consumers. However, this pattern of uncertainty and volatility has persisted for much of the year and it appears confidence is plateauing. While confidence could continue hovering around current levels for months to come, at some point this continued uncertainty will begin to diminish consumers’ confidence in the expansion.” TCB PR link.

The S&P CoreLogic Case-Shiller US July 2019 National Home Price Index(Jan2000=100) is at 211.72, June 2019 was at 210.90, May 2019 209.69, Dec 2018 204.95, Dec 2017 196.02. Case-Shiller PR link.

The US Federal Reserve Bank of Richmond says the US 5th District September 2019 Manufacturing Index(Annualized) is at -9%, August 2019 was at +1%, July 2019 -12%, September 2018 +26%. “Firms … reported a drop in backlog of orders and weakening local business conditions but were optimistic that conditions would improve in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the US 5th District September 2019 Service Sector Revenue Index(Annualized) is at +6%, August 2019 was at +6%, July 2019 +11%, September 2018 +18%. “… growth of prices paid continued to outpace that of prices received. However, firms expected the gap to narrow in the coming months.” RichmondFed PR link.

***Monday, September 23

Apple(PBR3)‘s new Mac Pro to be made in Austin, TX, will include components designed, developed and manufactured by more than a dozen American companies for distribution to US customers. $AAPL PR link.

Amazon(PBR5) announces plans for a new 1-million sf fulfillment centre in Scarborough, Toronto, Canada, will create 600+ full-time jobs with comprehensive benefits. $AMZN PR link.

Alphabet(PBR16)’s Google unit announces new subscription service, Google Play Pass, $1.99/mo for 12 months introductory price, $4.99/mo thereafter, includes 350 mobile apps and games without ads. $GOOG PR link.

Dow(PBR50) to receive around $1.08 billion from Canadian court decision against Nova Chemicals for damages Dow incurred through 2012 related to the companies’ jointly-owned ethylene asset in Joffre, Alberta, Canada. $DOW PR link.

Facebook(PBR56 $FB) to buy startup CTRL-Labs that lets humans control computers with their brains. MarketWatch PR link.

American Express(PBR74) authorizes up to 120 million share repurchase program, replaces the 41 million shares of common stock remaining from the previous board authorization in 2016. $AXP PR link.

Bristol-Myers Squibb(PBR132) extends expiration date of the offers to exchange the Celgene(PBR204) notes for up to $19,850,000,000 from 09/30/19 to 10/15/19, 5:00PM NYC time. $BMY PR link.

PG&E(PBR177) signs agreement to resolve all insurance subrogation claims arising from the 2017 Northern California wildfires and 2018 Camp Fire, reached with entities representing approximately 85% of insurance subrogation claims, formalizes the $11 billion agreement in principle announced last week. $PCG PR link.

Viacom(PBR241) acquires Seinfeld comedy series from Sony Pictures Television, includes exclusive cable rights for all 180 episodes beginning in 10/21. $VIA PR link.

Caesars Entertainment(PBR358) to sell the Rio All-Suite Hotel & Casino to Imperial Companies for $516.3 million, Caesars will continue to operate the property under a $45 million lease/year for at least 2 years, to close in 4Q19. $CZR PR link.

Hershey(PBR381) completes $397 million acquisition of maker of a line of low-sugar, high-protein nutrition bars ONE Brands. $HSY PR link.

Wyndham Destinations(PBR616) and Caesars Entertainment(PBR358) extend their marketing partnership to 2030. $WYND PR link.

The US Federal Reserve Bank of Chicago says the US Preliminary August 2019 National Activity Index is at +0.10, July 2019 was at -0.41, June 2019 +0.13, August 2018 +0.46. ChiFed PR link.

***Friday, September 20

The PBRMarketTools US Stock Exchanges Recap for Week 38 ending 09/20/19:

DJIA ends Week 38 at 26,935.07, -1.05% from last Friday, +2.01% MTD, +1.26% QTD, +15.47% YTD, -1.55% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 38 at 8,117.67, -0.72% from last Friday, +1.94% MTD, +1.39% QTD, +22.34% YTD, -2.55% from record 8,330.21 set 07/26/19.

SPX ends Week 38 at 2,992.07, -0.51% from last Friday, +2.24% MTD, +1.71% QTD, +19.36% YTD, -1.12% from record 3,025.86 set 07/26/19.

The Week 38 News Summary: The saga continues over the US/China trade negotiations as mixed signals ended the week with talks scheduled, but a trip to Montana cancelled by some Chinese officials. Early in the week Saudi Arabia oil fields are hit by drone strikes with initial analysis indicating Iran was involved, more sanctions were placed on the Iran central banks, there might be a military response, Saudi Arabia says the hit oilfields should be back at full production by the end of the month. Economic news continued to show moderate but slowing growth for the US, and more so globally. The Federal Reserve Open Market Committee lowered the federal funds rate by 0.25% to 1.75%-2.00%. Many General Motors plants were idled as a strike by 50,000 GM workers continued throughout the week. There was not much volatility in the US stock exchanges and the week could have gone either way going into Friday. But the China delegation trip cancellation tipped the scales and The Stock Market Bull lost his 3 week win momentum to The Stock Market Bear who growled tauntingly when the US stock exchanges closed and he had secured the 3-0 victory.

The Week 38 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 13 weeks
Mixed Results: 6 weeks

Walmart(PBR1 $WMT) stop selling all e-cigarettes in its US stores after it winds down its current inventory of e-cigarettes, citing regulatory uncertainty around the vaping devices. MarketWatch PR link.

Merck(PBR71) gets US FDA approval for PIFELTRO™ (in combination with other antiretroviral agents) and DELSTRIGO™ (as a complete regimen) that expand their indications to include adult patients with HIV-1 infection who are virologically suppressed. $MRK PR link.

Starbucks(PBR115 $SBUX) launches a new store format, Starbucks Pickup, that will be exclusively for Rewards members who use the mobile-order-and-pay option. MarketWatch PR link.

Alcoa(PBR234) announces that the United Steelworkers have ratified a new 4 year labor agreement, covering approximately 1,700 active employees at five U.S. locations. $AA PR link.

NVR(PBR405) to move from the S&P MidCap 400 to the S&P 500, to replace Jefferies Financial(PBR635) who will be moved to the S&P MidCap 400, effective 09/26/19. -S&P $NVR PR link.

McDermott Intl(PBR433) to explore strategic alternatives for its licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering Lummus Technology unit, recently received unsolicited approach for all or part of the unit with valuation exceeding $2.5 billion. $MDR PR link.

Post Holdings(PBR460) to spin off its Active Nutrition business, which markets and distributes ready-to-drink protein and other beverages, protein powders, nutrition bars and other nutritional supplements under the Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice brands, to be called BellRing Brands, IPO expected to be completed in Fall 2019. $POST PR link.

TransDigm(PBR630) completes divestiture of its Esterline Interface Technologies group of businesses to an affiliate of KPS Capital Partners for approximately $190 million, expects to complete divestiture of the Souriau-Subank Connection Technologies business to Eaton Corp(PBR139) during 4Q19. $TDG PR link.

The US Federal Reserve says that the US Preliminary 2Q19 Total Net Worth of Households and Non-Profits is at $113.463 trillion, +1.7% from 1Q19, +4.9% from 2Q18. USFed PR link.

***Thursday, September 19

Amazon(PBR5) co-founds The Climate Pledge, commits to net zero carbon by 2040 and 100% renewable energy by 2030, orders 100,000 fully-electric delivery vehicles. $AMZN PR link.

Walgreens Boots Alliance(PBR17 $WBA) and FedEx(PBR43 $FDX) to use Alphabet(PBR15 $GOOG)’s Wing company to test drone delivery services for residents of Christiansburg in Virginia’s New River Valley. Wing PR link.

Target(PBR38) authorizes a new $5 billion share repurchase program, will begin repurchasing shares under this new authorization upon completion of the current $5 billion program, which is expected to occur in the 2020 fiscal year. $TGT PR link.

Tesla(PBR140) gets Insurance Institute for Highway Safety 2019 IIHS TOP SAFETY PICK+ vehicle, the highest achievement awarded by the Institute, for the Tesla Model 3. $TSLA PR link.

Western Digital(PBR149) to sell its IntelliFlash™ business to DDN, DDN to increase its purchase of Western Digital’s HDD and SSD storage devices, part of Western Digital’s strategic intention to exit Storage Systems, terms not disclosed. $WDC PR link.

Dominion Energy(PBR235) proposes 2,600 megawatts of wind energy by 2026 off Virginia coast, 220+ wind turbines would power 650,000 homes. $D PR link.

Navistar(PBR297) making a capital investment of more than $250 million to build a new manufacturing facility in San Antonio, TX, will create around 600 jobs. $NAV PR link.

Darden Restaurants(PBR349) authorizes new up to $500 million share repurchase program, no expiration date, replaces current authorization. $DRI PR link.

Marvell Technology(PBR751) completes $13.25/share, $452 million acquisition of high speed networking in a broad range of applications from enterprise campuses to autonomous cars multi-gig technology pioneer Aquantia(NYSE: AQ). $MRVL PR link.

TEGNA(PBR864) completes $740 million in cash acquisition of 11 local television stations, including eight Big Four affiliates, from Nexstar Media(PBR768). $TGNA PR link.

KeyCorp(PBR397) Chairman/CEO Beth Mooney to retire on 05/01/20, Chris Gorman appointed President/COO, to be Chairman/CEO upon Mooney’s retirement. $KEY PR link.

The US Dept of Commerce/BEA says that the US Preliminary 2Q19 Exports were at $943.0 billion, Imports $1,071.1 billion, for a Deficit of $128.2 billion, -5.9% from 1Q19, +19.5% from 2Q18. USDOC PR link.

The Natl Assn of Realtors says the US Preliminary August 2019 Existing Home Sales Annual Rate is at 5,490,000, +1.3% from July 2019, +2.6% from August 2018; Median Home Price was at $278,200, -0.2% from July 2019, +4.7% from August 2018; Median Time On Market is at 31 days. NAR PR link.

The Conference Board says the US Preliminary August 2019 Leading Economic Index(2016=100) is at 112.1, July 2019 was also at 112.1, June 2019 111.7, August 2018 111.3. “The recent trends in the LEI are consistent with a slow but still expanding economy, which has been primarily driven by strong consumer spending and robust job growth.” TCB PR link.

The US Federal Reserve Bank of Philadelphia says the US 3rd District September 2019 Manufacturing General Activity Indicator is at +12.0, August 2019 was at +16.8, July 2019 +21.8, September 2018 +21.4. “Although most future indexes moderated this month, the firms continue to expect increases in activity and employment over the next six months.” PhillyFed PR link.

***Wednesday, September 18

Amazon(PBR5) says it has received over 208,000 online applications for roles in the US since announcing Career Day. $AMZN PR link.

Amazon(PBR5) announces PayCode service in the US, allows customers to choose Amazon PayCode at checkout and then pay for their purchase in cash at one of 15,000 Western Union(PBR488) locations, items ship once customers pay for their purchase in person at a participating Western Union location. $AMZN PR link.

Microsoft(PBR25) authorizes new up to $40 billion share repurchase program, has no expiration date. $MSFT PR link.

Johnson & Johnson(PBR35)’s Janssen unit gets US FDA approval for ERLEADA® (apalutamide) for the treatment of patients with metastatic castration-sensitive prostate cancer (mCSPC). $JNJ PR link.

Facebook(PBR56) is expanding its Portal family of home video-calling devices with three new models: Portal for $179, Portal Mini for $129 and Portal TV for $149 with bundle for any two for $50 off. $FB PR link.

Tyson(PBR75) launches a new line of functional refrigerated protein snacks under its new brand, Pact®. $TSN PR link.

Sprint(PBR89) announces a 12-year virtual power purchase agreement for 173.3 megawatts from the 182-MW Maryneal Windpower project located in Nolan County, TX, which will be built, owned and operated by Duke Energy(PBR117) Renewables unit, to be online in 2020. $S PR link.

Capital One(PBR93) and Walmart(PBR1 $WMT) introduce the Capital One co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, features include 5% back for purchases made on Walmart.com. $COF PR link.

Northrop Grumman(PBR103) reorganizing into 4 operating sectors, Aeronautics Systems, Defense Systems, Mission Systems and Space Systems, effective 01/01/20. $NOC PR link.

CenturyLink(PBR156) gets new agreement with the Communications Workers of America (CWA) District 7 members through 04/23, covers 8,000 employees in 13 states. $CTL PR link.

Realogy(PBR468) launches RealVitalize in partnership with HomeAdvisor, allows home sellers to utilize HomeAdvisor for non-structural home improvements which are paid upon sale of the house. $RLGY PR link.

Herbalife(PBR534) announces 3 year partnership with Tencent, China’s leading internet and technology company, to help independent distributors more effectively sell products online. $HLF PR link.

Global Payments(PBR678) completes $21.5 billion all-stock merger of equals with TSYS(PBR607), name remains Global Payments. $GPN PR link.

Park Hotels(PBR736) completes $31.00/share, $2.7 billion cash and stock acquisition of upper-upscale 20 hotels with an aggregate of 6,288 rooms in eight states and the District of Columbia Chesapeake Lodging Trust(NYSE:CHSP). $PK PR link.

The US Federal Reserve Open Market Committee lowers the federal funds rate by 0.25% to 1.75%-2.00%, says that since the previous meeting in July 2019 “the labor market remains strong and that economic activity has been rising at a moderate rate.” FOMC PR link.

The US Dept of Commerce/HUD says the US Preliminary August 2019 Housing Permits Issued Annual Rate was at 1,419,000 units, +7.7% from July 2019, +12.0% from August 2018. USDOC PR link.

***Tuesday, September 17

Apple(PBR3) awards an additional $250 million from Advanced Manufacturing Fund to Corning(PBR269), the supplier of precision glass for iPhone, Apple Watch and iPad. $AAPL PR link.

Amazon(PBR5) launches Amazon Music HD, a new tier of premium quality music with more than 50 million songs in High Definition, and millions of songs in Ultra High Definition, the highest quality streaming audio available, for $12.99/month for Prime members and $14.99/month for Amazon customers, or an additional $5/month for current subscribers. $AMZN PR link.

Comcast(PBR32)’s NBCUniversal unit announces Peacock TV streaming service, to be available in 04/20, will have over 15,000 of content, be used during the 2020 Summer Olympics, pricing to be announced later. $CMCSA PR link.

CDW(PBR188 $CDW) to become member of S&P 500 on 09/23/19, will replace soon to be acquired TSYS(PBR608). S&P500 PR link.

Masco(PBR360) authorizes new up to $2 billion share repurchase program, cancels previous program. $MAS PR link.

Raymond James(PBR401 $RJF) per settlement with the US Securities and Exchange Commission to pay $15 million in fines for improperly charging retail investors. SEC PR link.

Chipotle(PBR535) introduces new steak option, carne asada, to be available nationwide 09/19/19. $CMG PR link.

KLA Corp(PBR606) authorizes up to $1 billion share repurchase program, is in addition to current program which has $859 million remaining as of 06/30/19. $KLAC PR link.

The US Dept of Labor says the US 2Q19 Employer Costs for Employees Compensation-Salaries & Wages averages $25.12/hour, Benefits $11.48/hour, Total $36.61/hour, -0.5% from 1Q19, +1.1% from 2Q18. USDOL PR link.

The US Federal Reserve says the US Preliminary August 2019 Manufacturing % of Capacity is at 77.9%, July 2019 was at 77.5%, June 2019 77.8%, August 2018 78.5%, Growth Over Previous Year +2.2%. USFed PR link.

The Natl Assn of Home Builders says the US Preliminary September 2019 Housing Market Composite Index is at 68, the highest in 2019 so far, August 2019 was at 67, July 2019 65, September 2018 67. “Low interest rates and solid demand continue to fuel builders’ sentiments even as they continue to grapple with ongoing supply-side challenges that hinder housing affordability, including a shortage of lots and labor …” NAHB PR link.

PNC Financial(PBR176) Small and Mid-Size Business Owners Survey shows 55% of respondents remain optimistic about their business, a near record high, 67% do not expect a recession in 2019, 33% expect to hire more fulltime employees within the next 6 months, highest since Spring 2005. “U.S. economic fundamentals remain solid, despite slower economic growth and the ongoing trade war between the United States and China …” $PNC PR link.

***Monday, September 16

Amazon(PBR5) announces expansion of its Chicago Tech Hub, plans to create 400 new tech jobs in fields including cloud computing, advertising, and business development. $AMZN PR link.

General Motors(PBR13 $GM) contracts with United Auto Workers expire, 4 year contract being negotiated, 50,000 GM workers go on strike, first strike since 2 day strike in 2007. MarketWatch PR link.

GE(PBR19)’s Baker Hughes company closes secondary offering of 132.25 million shares of BHGE Class A common stock held by GE which now no longer holds a controlling interest in BHGE, in near future to change name to Baker Hughes Corp, ticker symbol BKR. $BHGE PR link.

Energy Transfer(PBR58) to acquire midstream oil and gas transportation provider SemGroup(PBR813) for $17/share cash and stock, around $5 billion, includes debt, to close late 4Q19/early 1Q20. $ET PR link.

Qualcomm(PBR131) completes acquisition of the remaining interest in RF360 Holdings Singapore, a joint venture with TDK Corporation (TSE:6762), for around $3.1 billion. $QCOM PR link.

Parker Hannifin(PBR214) completes $1.725 billion acquisition of privately held Kent, WA based designer and manufacturer of high temperature, high pressure air and exhaust management solutions for aircraft and engines, with annual sales of approximately $450 million and 1,600 team members across three US locations Exotic Metals Forming Co. $PH PR link.

Weyerhaeuser(PBR393) to sell its 555,000 acres of Michigan timberlands to an affiliate of The Lyme Timber Company LP, for $300 million in cash. $WY PR link.

Timken(PBR657) to acquire Pegnitz, Germany based estimated $135 million in revenues in 2019 automatic lubrication systems developer BEKA Lubrication for around $165 million, to close in 4Q19. $TKR PR link.

Marvell Technology(PBR751) to pay $5.5 million to settle SEC charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued revenue guidance. $MRVL PR link.

SeaWorld(PBR972)‘s Gustavo Antorcha resigns as CEO and Board member, CFO Marc Swanson appointed Interim CEO. $SEAS PR link.

The Federal Reserve Bank of New York says the US Empire State September 2019 Manufacturing General Business Conditions Index is at +2.0, August 2019 was at +4.8, July 2019 +4.3, September 2018 +18.8. “Indexes assessing the six-month outlook indicated that optimism about future conditions deteriorated noticeably, and capital spending plans weakened markedly.” NYFed PR link.

***Friday, September 13:

The PBRMarketTools US Stock Exchanges Recap for Week 37 ending 09/13/19:

DJIA ends Week 37 at 27,219.52, +1.58% from last Friday, +3.09% MTD, +2.33% QTD, +16.68% YTD, -0.51% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 37 at 8,176.71, +0.91% from last Friday, +2.69% MTD, +2.13% QTD, +23.23% YTD, -1.84% from record 8,330.21 set 07/26/19.

SPX ends Week 37 at 3,007.39, +0.96% from last Friday, +2.77% MTD, +2.23% QTD, +19.97% YTD, -0.61% from record 3,025.86 set 07/26/19.

The Week 37 News Summary: As the week progressed US/China trade took on a more conciliatory and calmer demeanor as new talks were scheduled and some tariffs delayed. US economic data was generally good, with jobs reports, PPI, and CPI numbers indicating continued modest growth and no imminent recession. However, there was some concern over the growing budget deficit which going into the final month now exceeds $1 trillion this fiscal year. Damage from Hurricane Dorian was not as extensive as predicted as it crawled up the East Coast. While not a dramatic week it was nevertheless more somber as the 18th anniversary of 9/11 was observed. With no major drama to wake up The Stock Market Bear it became easy for The Stock Market Bull to dominate all major US stock exchanges and take Week 37 3-0, the 3rd winning week in a row, as new record highs came into view.

The Week 37 of 2019 tally YTD is:
The Stock Market Bull: 19 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

US Foods(PBR119) completes $1.8 billion cash acquisition of Services Group of America‘s $3.2 billion in sales/2017 3,400 employees Food Group of Companies, includes 5 operating units. $USFD PR link.

PG&E(PBR178) agrees in principle with entities representing approximately 85 percent of insurance subrogation claims to an $11 billion settlement to resolve all such claims arising from the 2017 Northern California wildfires and 2018 Camp Fire, subject to approval of the court per filing of Chapter 11 bankruptcy. $PCG PR link.

Pyxus(PBR923) issues statement in response to US Health & Human Services announcement on non-tobacco flavored e-cigarette products, says its products are for adult use only, focus should be on education, not banning flavored products. $PYX PR link.

Conn’s(PBR954) opens 656,658 sf, multistate logistics distribution center in Houston, TX. $CONN PR link.

WW(PBR957) will be changing its legal name from Weight Watchers International, Inc. to WW International, Inc. effective 09/29/19. $WW PR link.

Apple(PBR3) Board member Walt Disney(PBR52) CEO Bob Iger resigns. $AAPL PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Sales-Manufacturers was at $504.0 billion, Retailers $459.3, Wholesalers $499.6 billion, Total $1,462.9 billion, +0.3% from June 2019, +1.3% from July 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance August 2019 Sales-Retail was at $462.0 billion, Food Services & Drinking Places $64.1 billion, Total $526.1 billion, +0.4% from July 2019, +4.1% from August 2018. USDOC PR link.

The US Dept of Labor says the US Preliminary August 2019 Import Prices were -0.5%, Last 12 Months -2.0%, Export Prices were -0.6%, Last 12 Months -1.4%. USDOL PR link.

The U of Michigan US Preliminary September 2019 Consumer Sentiment Index is at 92.0, August 2019 was 89.8, July 2019 98.4, September 2018 100.1. “The outlook for consumption is for a slower but positive growth, keeping the expansion going for another year.” UMichigan PR link.

***Thursday, September 12:

Walmart(PBR1) to expand the reach of Delivery Unlimited – a Grocery Delivery membership option for customers – to 1,400 stores in 200 markets later this fall, gives customers the option to pay a yearly $98 fee or a monthly $12.95 fee to receive unlimited Walmart Grocery Delivery orders, non-membership pay per delivery option also available. $WMT PR link.

Amazon(PBR5) to open its Regional Air Hub at the Fort Worth Alliance Airport 10/29, will create 300 jobs. $AMZN PR link.

Alphabet(PBR15 $GOOG)’s Google unit is paying more than $1 billion in fines and back taxes to settle a pair of tax disputes in France, where it has faced years of investigations into whether it has properly declared all of its activity in the country. Wall Street Journal PR link.

GE(PBR19) announces tender offers to purchase up to $5 billion of its existing debt. $GE PR link.

Kroger(PBR20) and partner Ocado to open 5th online grocery Customer Fulfillment Center, to be located in Dallas, TX area, will create around 400 jobs. $KR PR link.

Gap Inc(PBR182) gives presentation about Old Navy unit, plans to add 860 stores for a total of around 2,000 after spinoff. $GPS PR link.

Tapestry(PBR474) announces a strategic partnership with Alibaba’s Tmall, China’s largest B2C ecommerce platform, marks a step forward in Tapestry’s ChinaNext digital innovation agenda. $TPR PR link.

The US Dept of Treasury says the US August 2019 Federal Government Receipts were $228.0 billion, Outlays $428.3 billion, for a Deficit of $200.3 billion, Fiscal Year To Date Receipts(11 Months) were at $3.088 trillion, Outlays $4.155 trillion, FYTD Deficit 2019 $1.067 trillion, FYTD Deficit 2018 was at $898.1 billion. USTreasury PR link.

The US Dept of Labor says the US Preliminary August 2019 Employee Current Average Earnings Per Hour are at $28.11, Average Hours Worked Per Week at 34.4, Total Weekly Earnings $966.98, +0.7% from July 2019, +2.9% from August 2018. USDOL PR link.

The US Dept of Labor says the US August 2019 Consumer Price Index-All Items is at +0.1%, July 2019 was at +0.3%, June 2019 +0.1%, August 2018 +0.1%, Last 12 Months +1.7%. USDOL PR link.

***Wednesday, September 11:

MasterCard(PBR208) and enterprise blockchain software provider R3 to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard. $MA PR link.

Wolverine World Wide(PBR859) approves a new, four-year share repurchase program, authorizing up to $400 million in share repurchases that is incremental to the remaining balance of the Company’s share repurchase program that was authorized in 02/19. $WWW PR link.

Oracle(PBR78) Co-CEO Mark Hurd will take a leave of absence for health related reasons, Co-CEO Safra Catz and Executive Chairman/Founder Larry Ellison to cover his responsibilities. $ORCL PR link.

DXC Technology(PBR148) Chairman/President/CEO Mike Lawrie retires as President/CEO, remains Chairman, will retire on 12/31/19, Mike Salvino elected President/CEO, effective immediately. $DXC PR link.

Sanmina(PBR410) elects President/COO Hartmut Liebel as CEO, effective 09/30/19, will succeed Michael Clarke who remains in an advisory role. $SANM PR link.

The US Dept of Labor says the US Preliminary August 2019 Producer Price Index-Final Demand Goods was -0.5%, Final Demand Services +0.3%, Total +0.1%, Last 12 Months +1.8%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Wholesale Sales-Durables was at $238.7 billion, Non-Durables $260.9 billion, Total $499.6 billion, +0.3% from June 2019, +0.0% from July 2018. USDOC PR link.

***Tuesday, September 10:

Apple(PBR3) announces new dual camera iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, Apple Watch Series 5, new iPad version, Apple Arcade, announces launch of Apple TV+ on 11/01/19. $AAPL PR link.

Ford(PBR12) announces new electric options vehicles in Germany, expects 50%+ cars sold in Europe by end of 2022 to be electrified. $F PR link.

GE(PBR19) to sell 105 million shares of Baker Hughes(NYSE: BHGE), a GE company, Class A common stock in a secondary offering, will no longer have a controlling interest in BGHE. Baker Hughes PR link.

Target(PBR38) to hire around 125,000 seasonal team members for stores, and 8,000 for distribution and fulfillment centers, hourly wages start at $13.00. $TGT PR link.

CarMax(PBR168) will create 430 new jobs for its new Customer Experience Center opening in Tempe, AZ, in 12/19. $KMX PR link.

JCPenney(PBR260) introduces St. John’s Bay® Outdoor lifestyle apparel for men, includes rugged shirts, jackets and pants. $JCP PR link.

Baxter(PBR278) to acquire non-invasive hemodynamic monitoring technologies provider Cheetah Medical for $190 million upfront plus $40 million based on milestone achievements, to close in 4Q19. $BAX PR link.

Fifth Third Bancorp(PBR374) gets US approval to convert from an Ohio state-chartered bank to a national bank. $FITB PR link.

Fidelity Natl Financial(PBR390) terminates $50.00/share in cash/stock, equity value of $1.2 billion acquisition of title insurance company Stewart Information Services(PBR906) due to the US Federal Trade Commission‘s issuance of an administrative complaint seeking to block the merger. Fidelity to pay Stewart a $50 million termination fee. $FNF PR link.

YUM!(PBR484 $YUM)’s Taco Bell unit launching a vegetarian menu nationwide on 09/12/19. MarketWatch PR link.

Chipotle(PBR535 $CMG) gets lawsuit from New York City alleging it violated the city’s Fair Workweek Law, Chipotle says it is cooperating, feels the filing was unnecessary. MarketWatch PR link.

Hasbro(PBR552) introduces ‘Ms. Monopoly’ game, celebrates women trailblazers, features Ms. Monopoly as an advocate whose mission is to invest in female entrepreneurs. $HAS PR link.

EchoStar(PBR876) completes spinoff of its Broadcast Satellite Service (BSS) business for 22.9 million DISH(PBR230) shares, around $800 million. $SATS PR link.

The US Dept of Labor says the US Preliminary July 2019 Job Openings-Private were at 6,555,000, Government 662,000, Total 7,217,000, -0.4% from June 2019, -3.0% from July 2018. USDOL PR link.

CoreLogic says the US June 2019 Housing Mortgages 30 or More Days Delinquent was at 4.0%, May 2019 was at 3.6%, April 2019 3.6%, June 2018 4.3%. “Despite recent stress in some areas of the country, mortgage delinquency rates continue to stay at near-record lows.” CoreLogic PR link.

***Monday, September 9:

Amazon(PBR5) announces Amazon Career Day on Tuesday, 09/17/19, hiring 30,000+ full and part-time for jobs at locations across the US. $AMZN PR link.

AT&T(PBR9 $T) gets letter from activist shareholder Elliott Management, has $3.2 billion in AT&T stock, says it sees ways share price can increase by 65% by end of 2021. Elliott PR link.

Alphabet(PBR15)’s Google unit being investigated by attorneys general of 50 states and territories regarding Google’s ‘potential monopolistic behavior.’ MarketWatch PR link.

Target(PBR38) to roll out its new loyalty offering, Target Circle, nationwide on 10/06/19, designed to complement Target’s RedCard* program by offering perks and special deals for all guests, including those who currently may not be interested in acquiring a new credit or debit card. $TGT PR link.

UPS(PBR40) to hire around 100,000 for full and part-time positions for the holiday season. $UPS PR link.

Cummins(PBR122) completes $15.00/share $290 million acquisition of other than shares already owned by The Hydrogen Company. $CMI PR link.

PG&E(PBR178 $PCG) gets $2.5 billion offer from City of San Francisco for PG&E’s electric system in city. MarketWatch PR link.

PG&E(PBR178) files for Chapter 11 bankruptcy, offers around $18 billion in compensation for recent wildfires, plans to emerge from Chapter 11 by 06/30/20. $PCG PR link.

WestRock(PBR187) is reconfiguring its North Charleston, SC, paper mill, will permanently shut down one of the three paper machines and related physical infrastructure, eliminating approximately 288,000 tons of linerboard capacity, will eliminate 260 jobs. $WRK PR link.

Alcoa(PBR234) to implement a new operating model starting 11/01/19, will eliminate its business unit structure and consolidate sales, procurement and other commercial capabilities at an enterprise level, Executive Team will also be streamlined from 12 to seven direct reports to the CEO. $AA PR link.

Uber(PBR270) signs 10 year lease agreement for the The Old Main Post Office in the Chicago River area, will add about 2,000 jobs over 3 years. $UBER PR link.

Quanta Services(PBR276) acquires NE states gas utility contractor The Hallen Construction Co and two specialty utility foundation and pole-setting contractors serving the southeast US for $330 million. $PWR PR link.

Allison Transmission(PBR780) acquires Lewisburg, TN based aluminum castings producer Walker Die Casting and Muscle Shoals, AL based ie cast dies and tooling C&R Tool and Engineering for $103 million. $ALSN PR link.

ServiceMaster(PBR908) enters European pest control market with acquisition of Sweden based 4th largest pest control company in Europe $60 million in annual revenues Nomor Holding AB from Norvestor for around $200 million. $SERV PR link.

HCP(PBR915) to acquire a 224,000 square foot, LEED Gold® laboratory building 100% leased to five life science tenants located at 35 CambridgePark Drive in the Boston, MA Cambridge submarket for $332.5 million, to close in 12/19. $HCP PR link.

Wendy’s(PBR949) to launch its breakfast menu, currently available in more than 300 restaurants, across the US system in 2020, the Company and its franchisees plan to hire approximately 20,000 crew members. $WEN PR link.

Fred’s(PBR982) files for Chapter 11 bankruptcy, has commenced going out of business sales at all retail locations, which are expected to close over the next 60 days. $FRED PR link.

Vitamin Shoppe(PBR995) says the ‘go-shop’ period has ended, has a sole Bidder expressing interest in buying the company, will be reviewing proposal, still has Liberty Tax(OTC PINK: TAXA) for $6.50/share, $208 million cash offer. $VSI PR link.

The US Federal Reserve says the US Preliminary July 2019 Consumer Credit Outstanding-Revolving was at $1.081 trillion, Non-Revolving $3.042 trillion, Total $4.123 trillion, +0.6% from June 2019, +2.8% YTD(7 months), +5.3% from July 2018. USFed PR link.

FannieMae(PBR21) says the US August 2019 Home Purchase Sentiment Index is at 93.8, July 2019 was at 93.7, June 2019 91.5, August 2018 88.0. “We … expect housing market activity to remain relatively stable, and the favorable rate environment should continue supporting increased refinance activity.” $FNMA PR link.

***Friday, September 6:

The PBRMarketTools US Stock Exchanges Recap for Week 36 ending 09/06/19:

DJIA ends Week 36 at 26,797.46, +1.49% from last Friday/MTD, +0.74% QTD, +14.88% YTD, -2.05% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 36 at 8,103.07, +1.76% from last Friday/MTD, +1.21% QTD, +22.12% YTD, -2.73% from record 8,330.21 set 07/26/19.

SPX ends Week 36 at 2,978.71, +1.79% from last Friday/MTD, +1.26% QTD, +18.82% YTD, -1.56% from record 3,025.86 set 07/26/19.

The Week 36 News Summary: The week and new month started off with a holiday, but on Tuesday new tariffs on China and retaliatory tariffs by China on the US went into effect. However, by the end of the week tensions eased as it was announced China has requested new trade talks and are now scheduled for October. During the week the US economic news was somewhat positive with the release of the Beige Book by the Federal Reserve Districts indicating modest growth. But manufacturing data and surveys indicated a slowdown. This was balanced by good services numbers and at the end of the week positive jobs numbers. Corporate earnings continued to be mixed. US regulatory agencies are becoming more active in taking on mostly high tech companies. Hurricane Dorian slammed into the Bahamas, then headed towards the Florida and Carolinas east coasts with significant rains and flooding issues the big concerns. Hong Kong protests eased somewhat, and the UK is still mired in how to do Brexit by 10/31/19, and might require new general elections. The Stock Market Bear had a big day on Tuesday, but The Stock Market Bull took over the rest of the week and notched a 3-0 Week 36 victory, his second week win in a row.

The Week 36 of 2019 tally YTD is:
The Stock Market Bull: 18 weeks
The Stock Market Bear: 12 weeks
Mixed Results: 6 weeks

Cisco(PBR62) completes acquisition of privately held Mountain View, CA based meeting transcription, voice search, and meeting highlights/action items, with robust data privacy provider Voicea, terms not disclosed. $CSCO PR link.

Tractor Supply(PBR377) opens 1,800th store, located in Berkshire Township (Sunbury), OH. $TSCO PR link.

Fidelity Natl Financial(PBR390 $FNF) $50.00/share in cash/stock, equity value of $1.2 billion acquisition of title insurance company Stewart Information Services(PBR906) is being challenged by the US Federal Trade Commission, concerns about 2 of the Big 4 in title insurance merging and limiting competition. FTC PR link.

Nucor(PBR113) Chairman/CEO John J. Ferriola to retire on 12/31/19, EVP Leon J. Topalian elected President/COO effective immediately, to become CEO on 01/01/20. $NUE PR link.

Trinity Industries(PBR810) President/CEO Timothy R. Wallace to retire upon selection of a successor after 44 years with the company and 20 years as CEO. $TRN PR link.

The US Dept of Labor says the US August 2019 Number of People Employed was at 157,828,000, +650,000 from July 2019, +2,274,000 from August 2018, Unemployment is at 6,044,000, Unemployment Rate remains at 3.7%. USDOL PR link.

***Thursday, September 5:

Prudential Financial(PBR49) to acquire consumer solutions platform for health and financial wellness needs provider Assurance IQ for $2.35 billion plus up to an additional $1.15 billion based on achieving milestones, to close in early 4Q19. $PRU PR link.

Facebook(PBR56) launches Facebook Dating in the US, also giving people the ability to integrate their Instagram posts directly into their Facebook Dating profile and giving people the ability to add Instagram followers to their Secret Crush lists, in addition to Facebook friends, currently available in 19 other countries, to be available in Europe in early 2020. $FB PR link.

Tyson(PBR75)’s Ventures subsidiary completes an investment in San Francisco, CA based New Wave Foods®, a producer of plant-based shellfish and plans to have a shrimp alternative ready for food service operators in early 2020. $TSN PR link.

Tractor Supply(PBR377) to be Toro(PBR796)’s exclusive partner in the farm and ranch channel for select models of Toro zero-turn mowers, walk mowers and portable power equipment in stores nationwide and online beginning in spring of 2020 under new long-term strategic partnership. $TTC PR link.

Motorola Solutions(PBR399) says technology investment firm Silver Lake will make a new $1 billion investment in Motorola Solutions, and settle its outstanding $800 million aggregate principal investment one year ahead of its maturity. $MSI PR link.

Host Hotels(PBR493) completes sale of 6 non-core hotels for a combined price of $415 million. $HST PR link.

Michaels Cos(PBR511) to hire 15,000 seasonal positions for the 2019 holiday season, hiring day scheduled for 09/07/19. $MIK PR link.

Brinker Intl(PBR706) completes acquisition of 116 Chili’s® Grill & Bar restaurants, with annual revenues of around $300 million, from its 14-year franchisee, ERJ Dining, terms not disclosed. $EAT PR link.

Red Robin(PBR978) Board unanimously rejects an unsolicited, conditional proposal made on 07/18/19 by Vintage Capital Management to acquire all of the outstanding common shares of Red Robin for $40.00 per share, says proposal undervalues Red Robin and is not in the best interests of all shareholders. $RRGB PR link.

Apollo Global Mgmt(PBR997) completes conversion from a publicly traded partnership to a corporation. $APO PR link.

Babcock & Wilcox(PBR1000) regains full compliance with the NYSE minimum price continued listing criteria after 10:1 reverse stock split. $BW PR link.

Red Robin(PBR978) hires Paul J.B. Murphy III as President/CEO, effective 10/03/19, to succeed Chairman/Interim CEO Pattye Moore who plans to retire after an appropriate transition period. $RRGB PR link.

The US Dept of Labor says the US 2Q19 1st Revision of Business Sector Labor Output Productivity/Hour-All Persons remains at +2.6%, 1Q19 was at +3.6%, 4Q18 +0.0%, 2Q18 +2.4%. USDOL PR link.

ADP(PBR236) says the US Preliminary August 2019 Change In Employment-Small Businesses(1-49 Employees) is +66.000, Mid-Sized(50-499) +77,000, Large(500 or more) +52,000, Total +195,000, +37.2% from July 2019, +22.6% from August 2018; Total from Goods Producing Sector was +11,000, Service-Providing Sector +184,000. $ADP PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Manufacturers New Orders-Durable Goods was at $250.2 billion, Non-Durable Goods $250.1 billion, Total $500.3 billion, +1.4% from June 2019, +0.3% from July 2018. USDOC PR link.

The Institute for Supply Management says the US August 2019 Non-Manufacturing Index(>50=economy growing) is at 56.4%, July 2019 was at 53.7%, June 2019 55.1%, August 2018 58.8%. “The non-manufacturing sector’s rate of growth rebounded after two consecutive months of cooling off. The respondents remain concerned about tariffs and geopolitical uncertainty; however, they are mostly positive about business conditions.” ISM PR link.

The IHS Markit August 2019 Composite PMI Output Index is at 50.7, July 2019 was at 52.6, June 2019 51.5, August 2018 54.7. “The Composite PMI Output Index … signaled the slowest increase in output since the current sequence of expansion began in March 2016. The slowdown was led by muted upturns across the manufacturing and service sectors, with the latter registering a notably softer rise in activity.” IHS Markit PR link.

***Wednesday, September 4:

The August 2019 Snapshot 12 Summary: The PBR1000 Top 5 Month Performers YTD(8 Months)(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 08/30/19 Stock Price, % Increase from 12/31/18):

1. Diebold Nixdorf, PBR553, $DBD, $11.21, +350%
2. Snap, PBR990, $SNAP, $15.83, +187%
3. Avon Products, PBR491, $AVP, $4.35, +186%
4. FannieMae, PBR21, $FNMA, $2.82, +166%
5. FreddieMac, PBR39, $FMCC, $2.70, +157%

Range: +350% to -98%
Number of Companies at 0% or Better: 674/994
Average: +17.63%
Median: +11.65%
DJIA: +13.19%
NASDAQ: +20.01%
SPX: +16.74%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/29/17(20 Months).

Alphabet(PBR15 $GOOG)’s Google/YouTube unit ordered to pay $170 million fine for collecting children’s personal data without parental consent. MarketWatch PR link.

Stryker Corp(PBR231) to acquire point-of-care imaging technology provider Mobius Imaging, and its sister company, GYS Tech, (DBA Cardan Robotics), for around $370 million cash upfront and up to $130 million of contingent payments based on milestone achievements. $SYK PR link.

Bed Bath & Beyond(PBR251) business transformation efforts include a rapid refresh of nearly 160 Bed Bath & Beyond stores, resetting the cost structure, reducing inventories by $1 billion, Board transformation with 9 new independent members. $BBBY PR link.

Fortive(PBR446) to split into two independent publicly held companies, Fortive, an industrial technology company, and NewCo, a global industrial company, to be completed in 2H20. $FTV PR link.

Post Holdings(PBR460) authorizes new $400 million share repurchase program, replaces existing program. $POST PR link.

Palo Alto Networks(PBR851) to acquire IoT security company Zingbox for $75 million. $PANW PR link.

WW(PBR957) to present Oprah Winfrey‘s “Oprah’s 2020 Vision: Your Life in Focus” in 9 US cities starting 01/04/20 through 03/07/19, producer is Live Nation(PBR283) Women Nation division. $WW PR link.

Tapestry(PBR474) Chairman Jide Zeitlin appointed to also be CEO, effective immediately, succeeds Victor Luis, who is leaving the Company and its Board. $TPR PR link.

The US Federal Reserve Beige Book for data through 08/23/19 says, “On balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook.” USFed PR link.

The US Dept of Commerce says the US Preliminary July 2019 Exports-Goods were at $138.2 billion, Services $69.2 billion, Total Exports $207.4 billion; Imports-Goods were at $211.8 billion, Services $49.6 billion, Total Imports $261.4 billion, Total Monthly Deficit $54.0 billion, July 2018 Total Monthly Deficit was $52.5 billion; Total YTD Exports(7 months) were at $1,456.6 billion, YTD Imports $1,830.4 billion, Total YTD Deficit $373.8, July 2018 Total YTD Deficit was $346.2 billion. USDOC PR link.

***Tuesday, September 3:

The August 2019 Snapshot 11 Summary: The PBR1000 Top 5 Month Performers(Rank, Company, PBR Ranking by Revenues, Stock Symbol, 08/30/19 Stock Price, % Increase from 07/31/19):

1. Owens & Minor, PBR309, $OMI, $5.08, +87%
2. Vitamin Shoppe, PBR995, $VSI, $6.45, +46%
3. Cincinnati Bell, PBR971, $CBB, $5.43, +42%
4. WW(Weight Watchers), PBR957, $WW, $29.99, +39%
5. Hovnanian, PBR891, $HOV, $8.24, +37%

Range: +87% to -64%
Number of Companies at 0% or Better:314/1,000
Average: -1.93%
Median: -4.71%
DJIA: -1.72%
NASDAQ: -2.60%
SPX: -1.81%

Tomorrow: The PBR1000 Top 5 Stock Performers Since 12/31/18(8 Months).

Walmart(PBR1) to discontinue sales of short-barrel rifle ammunition, sell through and discontinue handgun ammunition, discontinue handgun sales in Alaska, marking its complete exit from handguns, remaining assortment will be even more focused on the needs of hunting and sport shooting enthusiasts, policy is in response to recent shootings in Texas. $WMT PR link.

Allergan(PBR196) gets US FDA approval for the use of Juvéderm VOLUMA® XC, a hyaluronic acid gel dermal filler, with a TSK STERiGLIDE™ cannula for cheek augmentation to correct age-related volume deficit in the mid-face in adults over 21. $AGN PR link.

Avis Budget(PBR331) gets agreement with Ford(PBR12) Commercial Solutions to digitally connect approximately 14,000 Ford Motor Company vehicles in Avis Budget Group’s European rental fleet, adds to the 35,000 Ford vehicles digitally connected in the Avis Budget US fleet. CAR PR link.

Concho Resources(PBR597) to sell its 25 thousand barrels of oil equivalent per day New Mexico Shelf assets to a Spur Energy Partnersaffiliate for $925 million, authorizes an up to $1.5 billion share repurchase program. $CXO PR link.

Ashland(PBR641) completes $1.015 billion sale of its Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises. $ASH PR link.

Tailored Brands(PBR693) gets multi-year partnership with the US National Football League to provide NFL team logo liners in suits from its Men’s Wearhouse and Jos. A. Banksunits. $TLRD PR link.

The US Dept of Commerce/Census says the US Preliminary July 2019 Construction Spending Annual Rate-Residential was at $512.8 billion, Non-Residential $776.0 billion, Total $1,288.8 billion, +0.1% from June 2019, -2.7% from July 2018. USDOC PR link.

The Institute for Supply Management says the US August 2019 Manufacturing PMI Index(<50=economy contracting) is at 49.1%, July 2019 was at 51.2%, June 2019 51.7%, August 2018 61.3%. “Comments from the panel reflect a notable decrease in business confidence. August saw the end of the PMI® expansion that spanned 35 months, with steady expansion softening over the last four months.” ISM PR link.

IHS Markit says the US August 2019 US Manufacturing PMI is at 50.3, July 2019 was at 50.4, June 2019 50.6, August 2018 54.7. “U.S manufacturers signalled a further slowdown in overall growth in August, with the PMI dropping to its lowest for almost a decade.” IHS Markit PR link.

The PurdueU/CME Group August 2019 Ag Economy Barometer Composite Index is at 124, July 2019 was at 153, June 2019 126, August 2018 129. “Farmers were less optimistic about current economic conditions on their farms and, especially, about their expectations for future conditions.” PurdueU PR link.

***Monday, September 2:

***US Labor Day.
***US Stock Exchanges Closed.

***Friday, August 30:

The PBRMarketTools US Stock Exchanges Recap for Week 35 and the month of August ending 08/30/19:

DJIA ends Week 35 and August at 26,403.28, +3.02% from last Friday, -1.72% MTD, -0.74% QTD, +13.19% YTD, -3.49% from record 27,359.16 set 07/15/19.

NASDAQ ends Week 35 and August at 7,962.88, +2.72% from last Friday, –2.60% MTD, -0.54% QTD, +20.01% YTD, -4.41% from record 8,330.21 set 07/26/19.

SPX ends Week 35 and August at 2,926.46, +2.79% from last Friday, -1.81% MTD, -0.52% QTD, +16.74% YTD, -3.29% from record 3,025.86 set 07/26/19.

The Monthly 2019 YTD(8 months through August) tally is:
The Stock Market Bull: 6 months
The Stock Market Bear: 2 months
Mixed Results: 0 months

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, 28rankings, and over 200 fields of data and information on each company. Click here to find out more!

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Filed Under: Recaps Tagged With: acquisitions, Business, Business Intelligence, business news, Economy, Investing, Leadership, Market Research, Marketing, mergers, Money, Rankings, Research, Snapshots, Spotlight, Stock Market, Stocks, The PBR1000, Trading, Wealth Management

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Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 12 Months Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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The December 2019 US Major Stock Market Exchanges Summary

The PBR1000 December 2019 Snapshots

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 24 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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The November 2019 US Major Stock Market Exchanges Summary

The PBR1000 November 2019 Snapshots

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 23 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

The PBR1000 and the US Economy: A Cause and Effect Relationship

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The October 2019 US Major Stock Market Exchanges Summary

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Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 3(S13): The PBR1000 Top 5 22 Months Stock Price % Gainers

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

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January 2020 The PBR1000:
A Mixed Start for the New Year