The PBR1000 February 2020 Breaking News Recap

The PBR1000: Sweetheart Deals In February?

PBR1000 Stocks

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

By Larry C. Paxton

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

***Friday, February 28

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, February 26

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, February 26

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

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

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

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

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

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

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

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

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

PPL Corp(PBR381) Chairman/CEO William H Spence to retire as CEO effective 06/01/20, will become Non-Executive Chairman, President/COO Vincent Sorgi to become President/CEO on 06/01/20. $PPL PR link.

The US Dept of Commerce/HUD says the Preliminary January 2020 New Family Home Sales Annual Rate is at 764,000 units, +7.9% from December 2019, +18.6% from January 2019; Median Price is at $348,200, +7.4% from December 2019, +14.0% from January 2019; New Homes Available are at 324,000; Months Supply is at 5.1. USDOC PR link.

The US Energy Information Administration says the US Crude Oil Stocks on 02/21/20 are at 443.3 million barrels of oil, +2.7% from 01/24/20, -0.6% from 02/22/19. USEIA PR link.

The National Retail Federation says consumers continue to drive economy, forecasts retail sales will grow 3.5 percent to 4.1 percent. NRF PR link.

***Tuesday, February 25

Comcast(PBR32) has acquired the free, live and on-demand streaming entertainment, news, sports and more, organized in a channel guide, and features over 190 different genre-grouped channels XUMO, based in Irvine, CA, terms not disclosed. $CMCSA PR link.

Mondelez(PBR109) to acquire a significant majority interest in $500 million in revenues/2019 Give & Go, a N American provider of fully-finished sweet baked goods and owners of the famous “two-bite”® brand and the “Create-A-Treat”® brand known for cookie and gingerbread house decorating kits, to close in 2Q20. $MDLZ PR link.

Principal Financial(PBR215) authorizes up to $900 million common stock repurchase program, as of 12/31/19, approximately $168 million remained under prior authorization. $PFG PR link.

Walt Disney(PBR45) Chairman/CEO Bob Iger steps down as CEO, becomes Executive Chairman through 12/31/21, will also direct creative endeavors, Chairman/Disney Parks, Experiences and Products Bob Chapek named CEO, both effective immediately. $DIS PR link.

MasterCard(PBR206) President/CEO Ajay Banga to become Executive Chairman on 01/01/21, Chief Product Officer Michael Miebach to become President on 03/01/20, also become CEO and Board member on 01/01/21. $MA PR link.

Arconic(PBR225) CEO John Plant to be Executive Chairman/Co-CEO of spinoff Howmet Aerospace upon separation on 04/01/20 through 03/31/23, President/Arconic Engineered Structures Tolga Oal to be other Co-CEO. $ARNC PR link.

Salesforce(PBR236) Co-CEO Keith Block steps down, remaining as Advisor to the CEO, Marc Benioff now both Chairman and only CEO. $CRM PR link.

The US Federal Reserve Bank of Richmond says the February 2020 US 5th District Manufacturing Index(Annualized) is at -2%, January 2020 was at +20%, December 2019 -5%, February 2019 +14%. “… the index for local business conditions remained positive, and manufacturers were optimistic that activity would improve in the coming months.” RichmondFed PR link.

The US Federal Reserve Bank of Richmond says the February 2020 US 5th District Service Sector Revenue Index(Annualized) is at +26%, January 2020 was at +10%, December 2019 +17%, February 2019 +16%. “Survey participants were optimistic that activity would be strong in the next six months.” RichmondFed PR link.

The Conference Board Preliminary February 2020 Consumer Confidence Index(1985=100) is at 130.7, January 2020 was at 130.4, December 2019 128.2, February 2019 131.4. “Consumers’ short-term expectations improved, and when coupled with solid employment growth, should be enough to continue to support spending and economic growth in the near term.” TCB PR link.

The S&P CoreLogic Case-Shiller December 2019 US National Composite Home Price Index(01/2000=100) is at 212.59, November 2019 was at 212.42, October 2019 212.20, December 2018 204.90. Case-Shiller PR link.

***Monday, February 24

Intel(PBR43) makes several hardware and software announcements for 5G networks infrastructure, including the launch of the new Intel Atom® P5900, a 10nm system-on-chip (SoC) for wireless base stations. $INTC PR link.

HP(PBR55) increases its total share repurchase authorization to $15 billion, up from the $5 billion share repurchase authorization announced in 10/19, says revised Xerox(PBR308) proposal, announced on 02/10/20, meaningfully undervalues HP, creates significant risk, and compromises HP’s future, HP is reaching out to Xerox to explore if there is a combination that creates value for HP shareholders that is additive to HP’s strategic and financial plan. $HPQ PR link.

Cisco(PBR62) launches SecureX, says it unifies visibility, identifies unknown threats, and automates workflows to strengthen customers’ security across network, endpoint, cloud, and applications, is a ‘radical simplification,’ will be included in every Cisco security product. $CSCO PR link.

Intuit(PBR426) to acquire consumer technology platform with more than 100 million members in the US, Canada and UK and around $1 billion in revenues in 2019 Credit Karma for around $7.1 billion cash and stock, to close in 2H20. $INTU PR link.

Perrigo(PBR538) and partner Catalent Pharma Solutions get US FDA approval for generic albuterol sulfate inhalation aerosol, the first AB-rated generic version of Teva Respiratory’s ProAir® HFA, indicated in patients 4 years of age and older for the treatment or prevention of bronchospasm with reversible obstructive airway disease and for the prevention of exercise-induced bronchospasm. $PRGO PR link.

Perrigo(PBR538) to acquire the oral care assets of High Ridge Brands for $113 million in cash in bankruptcy sale, assets include leading children’s oral care value brand, Firefly®, in addition to the REACH® and Dr. Fresh® brands, to close in 1Q20. $PRGO PR link.

Avis Budget(PBR329) enters into a new cooperation agreement with largest shareholder SRS Investment Management, will result in SRS providing 3 people for the 9 member Board. $CAR PR link.

The US Federal Reserve Bank of Chicago says the Preliminary January 2020 US National Activity Index is at -0.25, December 2019 was at -0.51, November 2019 +0.49, January 2019 -0.07. “Index points to an uptick in economic growth in January.” ChiFed PR link.

***Friday, February 21

The PBRMarketTools US Stock Exchanges Recap for Week 8 ending 02/21/20:

DJIA ends Week 8 at 28,992.41, -1.38% from last Friday, +2.61 MTD, +1.59% QTD/YTD, -1.89% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 8 at 9,576.59, -1.59% from last Friday, +4.65% MTD, +6.73% QTD/YTD, -2.45% from record 9,817.18 set 02/19/20.

SPX ends Week 8 at at 3,337.75, -1.25% from last Friday, +3.48 MTD, +3.31% QTD/YTD, -1.43% from record 3,386.15 set 02/19/20.

The Week 8 of 2020 News Summary: The major international story continues to be the acute respiratory disease coronavirus, aka COVID-19, which is still primarily in China and has spread to some other countries as well, though still in much smaller numbers. As Chinese and world health organizations grapple with the issue the economies of countries that have major trade with China are starting to be impacted. In the US this is starting to show up in some of the 4Q19 earnings reports and guidance for 2020 comments. However, the US economy still looks very good to this point, US corporate earnings reports were still mostly positive, and business and consumer surveys continued to reflect optimism. In US politics the Democrats had a debate in Nevada, the first to include new candidate multi-billionaire Michael Bloomberg, who was immediately attacked for his trying to buy the nomination. It was a 4 day trading week with US Presidents Day being observed on Monday. The Stock Market Bull had a great day on Wednesday with the NASDAQ and SPX having record days. But The Stock Market Bear gorged himself on Thursday and Friday on the coronavirus news to take Week 8 3-0.

The Week 8 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 3 weeks
Mixed Results: 1 week

Wells Fargo(PBR29) in settlement with the US Dept of Justice and the US Securities and Exchange Commission has agreed to make payments totaling $3 billion for the Company’s historical Community Bank sales practices and related disclosures. $WFC PR link.

Eli Lilly(PBR116) gets US FDA approval for Trulicity® (dulaglutide) for the reduction of major adverse cardiovascular events (MACE) in adults with type 2 diabetes who have established cardiovascular (CV) disease or multiple cardiovascular risk factors. $LLY PR link.

Cleveland-Cliffs(PBR841) $3.36/share $1.1 billion acquisition of producer of flat-rolled carbon, stainless and electrical steel products AK Steel(PBR424) gets last regulatory approval from the Mexican Competition Commission, scheduled to close on 03/13/20 when shareholders of both companies vote on the deal. $CLF PR link.

AVX(PBR931) to be acquired by 72% shareholder Kyocera Corp through all stock purchase of the 28% of common shares it does not own for $21.75/share, to close by 03/31/20. $AVX PR link.

The Natl Assn or Realtors says the January 2020 US Existing Homes Sales Annual Rate is at 5,460,000, -1.4% from December 2019, +9.6% from January 2019; Median Price is at $266,300, -3.0% from December 2019, +6.8% from January 2019; Median Days on Market is at 43 Days; Available inventory is at 1,420,000, a 3.1 Months SupplyNAR PR link.

***Thursday, February 20

HP(PBR55) adopts a limited duration shareholder rights plan to discourage proposals from companies like Xerox(PBR308) without first negotiating with the Board. $HPQ PR link.

Morgan Stanley(PBR63) to acquire online brokerage E*Trade(PBR753) for $58.74/share, around $13 billion all stock, to close in 4Q20. $MS PR link.

T-Mobile US(PBR70) acquisition of Sprint(PBR90) amended, Softbank to get 11.00 Sprint shares per T-Mobile share, up from 9.75, will result in Deutsche Telekom and SoftBank to hold approximately 43% and 24%, respectively, of the fully diluted New T-Mobile shares, with the remaining approximately 33% held by public shareholders, trying to close deal by 04/01/20. $TMUS PR link.

Eli Lilly(PBR116) completes $18.75/share around $1.1 billion cash acquisition of biopharmaceutical developer of new therapies for chronic skin conditions Dermira$LLY PR link.

L Brands(PBR237) selling 55% interest in Victoria’s Secret unit to Sycamore Partners for $525 million, will retain 45% minority stake, positions its Bath & Body Works unit as a highly profitable, standalone public company, upon closing Chairman/CEO Leslie Wexner to step down from his roles, remain a member of the Board as Chairman Emeritus, COO of Bath & Body Works Andrew Meslow to become CEO of L Brands. $LB PR link.

Hormel Foods(PBR320) to acquire family-owned pit-smoked meats company based in Henderson, TX witn $140 million in annual revenues Sadler’s Smokehouse for $270 million cash, to close in 03/20. $HRL PR link.

Huntsman(PBR324) completes $350 million cash acquisition of $230 million in annual revenues Icynene-Lapolla, a leading N American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from FFL Partners. $HUN PR link.

Wolverine World Wide(PBR858) to receive a payment of $55 million from 3M(PBR93) for Wolverine’s efforts to address PFAS remediation to ensure long-term water quality and continued environmental remediation per US District Court Consent Decree with the State of Michigan, Plainfield Charter Township, and Algoma Township. $WWW PR link.

The US Federal Reserve Bank of Philadelphia says the February 2020 US 3rd District Manufacturing General Activity Indicator is at +36.7, January 2020 was at +17.0, December 2019 +2.4, February 2019 -0.7. “… highest reading since February 2017… future indexes indicate that respondents continue to expect growth in manufacturing activity over the next six months.” PhillyFed PR link.

The Conference Board says the January 2020 US Leading Economic Index(2016=100) is at 112.1, December 2019 was at 111.3, November 2019 111.6, January 2019 111.4. “The strong pickup in the January US LEI was driven by a sharp drop in initial unemployment insurance claims, increasing housing permits, consumers’ outlook on the economy and financial indicators… the COVID-19 outbreak may impact manufacturing supply chains in the US in the coming months.” TCB PR link.

***Wednesday, February 19

Lithia Motors(PBR255) acquires two Lexus stores in Sacramento and Roseville, CA, generate $160 million in annual revenues, terms not disclosed. $LAD PR link.

Fiserv(PBR472) completes $510 million in net after-tax proceeds sale of 60% stake in its Investment Services Business to Motive Partners, Fiserv retains a 40% equity interest in the business. $FISV PR link.

Harley-Davidson(PBR478) authorizes an additional 10 million shares for its repurchase program, which had 8.2 million shares available at the end of 2019. $HOG PR link.

Ascena Retail(PBR492) has completed the wind down of its Dressbarn brand operations, closing over 650 stores, eliminates over $300 million of lease liability. $ASNA PR link.

Scientific Games(PBR680) has developed, and Kentucky Horse Racing Commission has approved, their first generation of Historical Horse Racing machines, announces 3-way partnership with Churchill Downs and Ainsworth Game Technology$SGMS PR link.

Endo Intl(PBR739) EVP/CFO Blaise Coleman to become President/CEO and member of the Board effective 03/06/20, succeeds Paul Campanelli who will remain Chairman. $ENDP PR link.

The US Dept of Labor says the US Preliminary January 2020 Total Monthly Demand Producer Price Index is at +0.5%, December 2019 was at +0.2%, November 2019 -0.1%, January 2019 -0.3%. USDOL PR link.

The US Dept of Commerce/Labor says the US Preliminary January 2020 Building Permits Issued-Private Housing is at 1,551,000 annual rate, December 2019 was at 1,420,000, November 2019 1,474,000, January 2019 1,316,000. USDOL PR link.

The US Federal Open Market Committee releases the minutes from the 01/28-29/20 meeting, says “Members agreed to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. Members judged that the current stance of monetary policy was appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee’s symmetric 2 percent objective.” FOMC PR link.

***Tuesday, February 18

Check out The PBR1000 Spotlight on salesforce.com, #9 on the current The PBR25! $CRM PR link.

Walmart(PBR1 $WMT) expects to save $60 million annually on shopping bags. MarketWatch PR link.

Dell(PBR34) to sell its risk, security and fraud teams provider RSA to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners for $2.075 billion cash, to close in 6-9 months. $DELL PR link.

Fluor(PBR160) in 4Q19 report says it has reversed its decision to sell substantially all of its Government business, has gained confidence in its solid liquidity position and its viable options for generating cash flow. $FLR PR link.

Bed Bath & Beyond(PBR250) to sell its PersonalizationMall.com business to 1-800-FLOWERS.COM for $252 million. $BBBY PR link.

Group 1 Automotive(PBR262) increases share repurchase authorization by $52.4 million to $100 million. $GPI PR link.

Baxter(PBR279) completes $350 million cash acquisition of $100 million in annual revenues provider of adhesion prevention products, hemostats and sealants Seprafilm Adhesion Barrier and related assets from Sanofi$BAX PR link.

Ally Financial(PBR294) to acquire privately held Woodbury, NY based $4.7 billion in assets non-prime credit card and consumer finance lender with a full-spectrum unsecured servicing platform and robust merchant services capability provider CardWorks for $2.65 billion cash and stock, to close in 3Q20. $ALLY PR link.

Anixter(PBR354) shareholders to vote on 04/09/20 on being acquired by WESCO(PBR365) for $100.00/share, $4.5 billion cash & stock. $AXE PR link.

Franklin Resources(PBR476) to acquire $806 billion in assets on 01/31/20 Legg Mason(PBR746) for $50.00/share cash, will also assume about $2 billion of Legg Mason’s outstanding debt, to close in 3Q20. $BEN PR link.

Groupon(PBR798) in 4Q19 report says it is proposing a reverse stock split of common stock at a ratio of between 1-for-10 and 1-for-12, to be voted on at shareholders annual meeting in 06/20. $GRPN PR link.

SL Green Realty(PBR986) to sell its 315 West 33rd Street New York City property and an adjacent undeveloped parcel of land for a gross valuation of $446.5 million, or approximately $906 square foot, to an affiliate of Brookfield Asset Management, to close in 2Q20. $SLG PR link.

DuPont(PBR35) CEO Marc Doyle and CFO Jeanmarie Desmond are leaving the company, Executive Chairman and former CEO Ed Breen adds CEO role, new CFO appointed. $DD PR link.

Dow(PBR52) CEO Jim Fitterling expected to be appointed to additional role of Chairman after annual stockholders meeting on 04/09/20. $DOW PR link.

Facebook(PBR57 $FB) CEO Mark Zuckerberg and CFO Sheryl Sandberg should be “removed from control” of Facebook for its policy on political ads according to financier George Soros in a letter to the editor of the Financial Times. MarketWatch PR link.

The US Federal Reserve Bank of New York says the US February 2020 Empire State Manufacturing General Business Conditions Index is at +12.9, January 2020 was at +4.8, December 2019 +3.3, February 2019 +10.3. “Optimism about the six-month outlook continued to be somewhat subdued, and capital spending plans remained firm.” NYFed PR link.

The Natl Assn of Home Builders Preliminary February 2020 US Housing Market Composite Index(>50=more builders view conditions as good than poor) is at 74, January 2020 was at 75, December 2019 76, February 2019 62. “Steady job growth, rising wages and low interest rates are fueling demand but builders are still grappling with increasing construction and development costs…” NAHB/WF PR link.

***Monday, February 17

***US Federal Holiday.
***US Presidents Day.
***US Stock Exchanges Closed.

Apple(PBR3) revises down 1Q20 revenue forecast, experiencing a slower return to normal conditions in China from coronavirus issues than anticipated, worldwide iPhone supply will be temporarily constrained as China factories reopen, demand for its products within China has been affected by store closures. $AAPL PR link.

General Motors(PBR14) restructuring international operations, to wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021, will focus on the GM specialty vehicle business for that market; to purchase GM’s Rayong vehicle manufacturing facility in Thailand; and to withdraw Chevrolet from the domestic market in Thailand by the end of 2020. $GM PR link.

Dean Foods(PBR383) to sell 44 of its fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities to the Dairy Farmers of America cooperative in a “stalking horse” agreement, needs to be approved by Bankruptcy Court scheduled for 03/12/20, any other bids would be due by 03/31/20. $DFODQ PR link.

Triumph Group(PBR678) combines its Integrated Systems and Product Support business units into one “Triumph Systems & Support” business effective immediately, as part of restructuring. $TGI PR link.

Pier 1 Imports(PBR957) has entered into a Plan Support Agreement with a majority of its term loan lenders and is pursuing a sale of the Company, has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court, to complete the previously announced closure of up to 450 store locations, which includes the closure of all its stores in Canada. $PIR PR link.

***Friday, February 14

The PBRMarketTools US Stock Exchanges Recap for Week 7 ending 02/14/20:

DJIA ends Week 7 at 29,398.08, +1.02% from last Friday, +4.04 MTD, +3.01% QTD/YTD, -0.52% from record 29,551.42 set 02/12/20.

NASDAQ ends Week 7 at record 9,731.18, +2.21% from last Friday, 6.34% MTD, +8.45% QTD/YTD, +0.00% from record 9,731.18 set 02/14/20.

SPX ends Week 7 at record at 3,380.16, +1.58% from last Friday, +4.79 MTD, +9.62% QTD/YTD, +0.00% from record 3,380.16 set 02/14/20.

The Week 7 of 2020 News Summary:
The coronavirus, now also known as COV-19, was the overwhelming top news maker again this week as numbers of people affected and associated deaths continue to climb, but remains largely confined to China, which has calmed the world a little bit as it accepts that the outbreak in mostly isolated. Most economists say there will be an impact globally, and continue to try to measure what the affect has been so far and will be overall. US economic news was a little mixed on the good side. Jobs continue to be available, employee turnover is low, wages are up a little bit, and mortgage rates continue to be very reasonable. US corporate earnings continue to be mostly better than anticipated as 2019 annual reports keep pouring in. US politics was active as the first primary, New Hampshire, was pursued heavily by the Democrat candidates, and resulted in a narrow margin win by Bernie Sanders. Nevada and S Carolina are the next stops as the election cycle accelerates. The US stock exchanges responded positively the whole week. The Stock Market Bear made a brief appearance on Thursday, but The Stock Market Bull easily prevailed the other days and takes a Week 7 3-0 victory romp in the pasture.

The Week 7 of 2020 tally YTD is:
The Stock Market Bull: 4 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 1 week

MGM Resorts(PBR257) completes around $4.6 billion sale of MGM Grand Las Vegas and Mandalay Bay real estate assets to new joint venture between MGM Growth Properties and Blackstone(PBR423) Real Estate Income Trust, MGM Resorts has entered into a long-term triple net master lease for both properties, and will continue to manage, operate and be responsible for all aspects of the properties on a day-to-day basis, with the joint venture owning the properties and receiving rent payments. MGM PR link.

The US Dept of Labor says the US Preliminary January 2020 Monthly Imports Prices are at +0.0, Exports +0.7%; Last 12 Months Imports are at +0.3%, Exports +0.5%. USDOL PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Total Sales-Manufacturers are at $504.1 billion, Retail $462.6 billion, Wholesalers $494.4 billion, Total Sales $1.461 trillion, -0.1% from November 2019, +1.7% from December 2018. USDOC PR link.

The US Dept of Commerce/Census says the US Advance January 2020 Sales-Retail are at $463.3 billion, Food Services & Drinking Places $66.5 billion, Total $529.8 billion, +0.3% from December 2019, +4.4% from January 2019. USDOC PR link.

The US Federal Reserve says the US Preliminary January 2020 Industrial Production Capacity Utilization is at 76.8%, December 2019 was at 77.1%, November 2019 77.5%, January 2019 79.0%. USFed PR link.

The Natl Assn of Home Builders/Wells Fargo says the US Preliminary January 2020 Housing Market Composite Index(>50%=more builders view conditions as good than poor} is at 75%, December 2019 was at 76%, November 2019 71%, January 19 was at 58%. NAHB/WB PR link.

The U of Michigan US Preliminary February 2020 Consumer Sentiment Index is at 100.9, January 2020 was at 99.8, December 2019 99.3, February 2019 93.8. UMichigan PR link.

***Thursday, February 13

Microsoft(PBR19 $MSFT) US federal government $10 billion cloud services JEDI contract gets temporary restraining order by federal judge per lawsuit filed by Amazon(PBR5 $AMZN) who alleged the yearslong evaluation process included “clear deficiencies, errors and unmistakable bias.” MarketWatch PR link.

Boeing(PBR28) reaches a tentative agreement with the Society of Professional Engineering Employees in Aerospace (SPEEA) on a new four-year contract extension that would run through 2026 covering approximately 18,000 engineering and technical employees, nearly all of whom are in Washington and Oregon, SPEEA membership to vote 02/24-03/09/20. $BA PR link.

Tyson(PBR72 $TSN) says pork exports to China soared nearly 600% in first quarter after swine fever outbreak, expects chicken exports to China to double, in restructuring will cut 500 jobs. MarketWatch PR link.

Tesla(PBR144) to offer approximately $2 billion of common stock, to use net proceeds to further strengthen its balance sheet, as well as for general corporate purposes. $TSLA PR link.

Kohl’s(PBR155 $KSS) restructuring program results in 250 job cuts, including regional store leaders and merchant team members, not closing any stores or corporate offices and is continuing to hire in key areas. MarketWatch PR link.

Molson Coors(PBR285 $TAP) is jumping into the hard seltzer category with Vizzy launch in 03/20. MarketWatch PR link.

eBay(PBR286) completes $4.05 billion cash sale of its StubHub unit to worldwide ticket marketplace for live sport, music and entertainment events viagogo. $EBAY PR link.

Newmont Goldcorp(PBR401) says it has gold Mineral Reserves of 100.2 million attributable ounces for 2019 compared to 65.4 million ounces at the end of 2018. $NEM PR link.

Wayfair(PBR428 $W) has cut about 3% of its global workforce, or about 550 jobs, as part of a restructuring, continues to hire for many roles. MarketWatch PR link.

Moody’s(PBR570) completes $700 million acquisition of anti-money laundering and know-your-customer data and due diligence services provider Regulatory DataCorp$MCO PR link.

Tempur Sealy(PBR786) increases share repurchase program by over $190 million, new balance available is $300 million, expects to purchase at least $50 million of its common stock per quarter in the near term. $TPX PR link.

The US Dept of Labor says the US January 2020 Consumer Price Index-All Items is at +0.1%, December 2019 was at +0.2%, November 2019 +0.2%, January 2019 +0.0%, The Last 12 Months(Unadjusted) is at +2.5%. USDOL PR link.

The US Dept of Labor says the US Preliminary January 2020 Current Average Earnings/Hour is at $28.44, Average Hours Worked/Week is at 34.3, Current Average Weekly Earnings is at $975.49, +0.3% from December 2019, +2.5% from January 2019. USDOL PR link.

***Wednesday, February 12

Here’s the link for a brief summary on global data centers firm Equinix(PBR524), ranked 16th on The PBR25 Top Buy Stocks list on 02/04/20. $EQIX Spotlight link.

Bausch Health(PBR358) to reduce debt by $100 million using cash generated from operations. $BHC PR link.

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

Worthington Industries(PBR631) to consolidate its oil and gas equipment manufacturing operation in Wooster, OH into its existing facility in Bremen, OH, to be completed by 05/31/20, 122 employees affected have option to transfer. $WOR PR link.

Elanco Animal Health(PBR719) to divest the European Economic Area and UK rights to the de-wormers for dogs and cats Drontal® and Profender® product families from Bayer AG’s (ETR: BAYN) animal health business, to French pharmaceutical company Vetoquinol SA (EURONEXT: VETO), for $140 million cash, further advances Elanco’s efforts to gain European Commission clearance for the acquisition of Bayer AG’s global animal health business. $ELAN PR link.

C.H. Robinson(PBR184) Executive Chairman John Wiehoff to retire at the 05/07/20 annual meeting, successor to be named at a later date. $CHRW PR link.

MGM Resorts(PBR257) Chairman/CEO Jim Murren to step down from both roles before the end of his contract, will stay on until successor appointed, CEO search committee formed. $MGM PR link.

HNI Corp(PBR857) President/CEO Jeff Lorenger elected to also be Chairman, effective immediately, succeeds Larry Porcellato who has been appointed Lead Director. $HNI PR link.

The US Dept of Treasury says the US January 2020 Federal Government Receipts were $372.3 billion, Outlays $404.9 billion, for Deficit of $32.6 billion; January 2019 Surplus was $8.7 billion; January 2020 YTD(4 months) Total Deficit is at $389.2 billion, January 2019 YTD Total Deficit was $310.3 billion. USTreasury PR link.

***Tuesday, February 11

Home Depot(PBR27) to hire 80,000 associates for spring. $HD PR link.

Johnson & Johnson(PBR36)’s Janssen unit to collaborate with the US Dept of Health & Human Services to accelerate development of a potential novel coronavirus vaccine. $JNJ PR link.

T-Mobile US(PBR70) $59 billion all stock acquisition of Sprint(PBR90) gets favorable decision in Federal Court in New York, remains subject to possible additional court proceedings, could close as early as 04/01/20. $TMUS PR link.

Cleveland-Cliffs(PBR843) $3.36/share $1.1 billion acquisition of producer of flat-rolled carbon, stainless and electrical steel products AK Steel(PBR424) is now scheduled to close on 03/13/20. $CLF PR link.

SeaWorld(PBR974) agrees to pay $65.0 million settlement for claims alleging violations of the US Securities and Exchange Commission, does not include an admission of fault, court must still approve. $SEAS PR link.

Beacon Roofing(PBR408) Chairman Robert R. Buck retires from the position, remains a director on the Board, Philip W. Knisely appointed as new Chairman. $BECN PR link.

The US Federal Trade Commission issues Special Orders to Alphabet(PBR17)(including Google), Amazon(PBR5), Apple(PBR3), Facebook(PBR57), and Microsoft(PBR19) to provide information and documents on the terms, scope, structure, and purpose of transactions that each company consummated between 01/01/10 and 12/31/19. USFTC PR link.

The US Dept of Labor says the US Preliminary December 2019 Job Openings-Private are at 5,739,000, Government 684,000, Total 6,423,000, -5.4% from November 2019, -14.1% from December 2018. USDOL PR link.

CoreLogic says the US November 2019 Housing Mortgages 30 Days or More Delinquent are at 3.9%, October 2019 was at 3.7%, September 2019 3.8%, November 2018 4.1%. “Overall delinquency rates remain at 20-year lows spurred on by tight underwriting standards following the onset of the Great Recession, a robust and accelerating economic cycle the past five years and the increasing underlying health of the housing economy… ” CoreLogic PR link.

***Monday, February 10

UPS(PBR41) and the Independent Pilots Association, which represents the company’s 2,959 flight crewmembers, reach a tentative agreement on a two-year contract extension, will go into effect 09/01/21, become amendable 09/01/23, if ratified. $UPS PR link.

ViacomCBS(PBR214)’s CBS Sports unit and sports book operator William Hill form a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms, will tip off with initial integrations in 03/20 on CBS Sports digital platforms, with a full rollout planned for the fantasy football season. $VIAC PR link.

Xerox(PBR308) to launch a tender offer on or around 03/02/20 for all of the outstanding shares of common stock of HP(PBR55) for $24.00/share, $18.40 in cash and 0.149 Xerox shares for each HP share. $XRX PR link.

Simon Property(PBR484) to acquire 80% of owners, managers and/or leasors of 26 super-regional shopping centers in the US and Asia Taubman Centers(NYSE: TCO) for $52.50/share cash, around $3.6 billion, Taubman family retains 20% ownership, to close mid-2020. $SPG PR link.

Equifax(PBR670) CEO Mark W. Begor issues a statement of thanks to the FBI for the US Dept of Justice’s indictment of four individual members of the People’s Liberation Army, the armed forces of the People’s Republic of China, in connection with the theft of consumer data in 2017. $EFX PR link.

Verso Corp(PBR790) has completed the $400 million sale of its Androscoggin Mill, located in Jay, ME, and its Stevens Point Mill, located in Stevens Point, WI, to Pixelle Specialty Solutions. $VRS PR link.

Genesco(PBR865) to move its current Nashville, TN, corporate headquarters into a new 310,000 sf facility in Nashville in early 2021. $GCO PR link.

Edgewell Personal Care(PBR873) terminates $1.37 billion cash/stock acquisition of New York, NY-based 900 employees razor products provider Harry’s because of recent US Federal Trade Commission lawsuit. $EPC PR link.

GATX(PBR976) to sell its American Steamship Company business, the operator of the largest fleet of US-flagged vessels on the Great Lakes, to Rand Logistics for $260 million. $GATX PR link.

Avis Budget(PBR329) appoints Bernardo Hees to the Board and as Independent Chairman, effective immediately, succeeds Leonard Coleman who remains a Board director. $CAR PR link.

***Friday, February 7

The PBRMarketTools US Stock Exchanges Recap for Week 6 ending 02/07/20:

DJIA ends Week 6 at 29,102.51, +3.00% from last Friday/MTD, +1.98% QTD/YTD, -0.94% from record 29,379.77 set 02/06/20.

NASDAQ ends Week 6 at 9,520.51, +4.04% from last Friday/MTD, +6.11% QTD/YTD, -0.54% from record 9,572.15 set 02/07/20.

SPX ends Week 6 at 3,327.71, +3.17% from last Friday/MTD, +3.00% QTD/YTD, -0.54% from record 3,345.78 set 02/06/20.

The Week 6 of 2020 News Summary:
The major international news story continues to be the continuing increase of cases of and deaths from the coronavirus in China and concern for its spread throughout the world. In China many businesses have been shut down, including most multinational companies. Airlines have cut or reduced flights as well. Arrival destinations from China and some cruise ships are quarantined as well. Medical science is trying to catch up with vaccines and tests, but it will take some time for those to catch up. In other news, China is going to cut tariffs by 50% on $75 billion of US goods. The US economy continues to show strength, with a surprising robust set of jobs reports to end the week. 4Q19 corporate earnings reports are better than expected as well. 1Q20 should, however, be affected by the coronavirus threat. In US politics the US Senate impeachment trial came to an end and, as expected, President Trump was acquitted of the two charges leveled against him by the US House, with the vote along political party lines. Tuesday night President Trump gave the annual State of the Union address to rave reviews or disgust, once again along party lines. The 2020 presidential election started in earnest with caucuses in Iowa, but technology glitches prevented it from proclaiming a winner on a timely basis, but preliminary results for the Democratic party being a bit of surprise. Candidate Michael Bloomberg was not a part of this initial test for candidates, but is spending big time in the Super Tuesday states. The Stock Market Bear seemed to have come down with something like the coronavirus and disappeared for the first 4 days of Week 6, but came charging back on Friday. The Stock Market Bull easily prevailed for the week, however, with new closing highs recorded on all 3 major US exchanges on Thursday. Next week is up for grabs.

The Week 6 of 2020 tally YTD is:
The Stock Market Bull: 3 weeks
The Stock Market Bear: 2 weeks
Mixed Results: 1 week

Fidelity Natl Financial(PBR388) to acquire annuity and life insurance products provider FGL Holdings (NYSE: FG) for $12.50/share, around $2.7 billion, to close by end of 3Q20. $FNF PR link.

HanesBrands(PBR424) authorizes new up to 40 million shares repurchase program, no expiration date, replaces previous authorization approved in 04/16. $HBI PR link.

Penn Natl Gaming(PBR650) gets its first pro league agreement with multi-year partnership to become the first authorized gaming operator of NASCAR in the US, also extends Kansas Speedway race title sponsorship through 2026. $PENN PR link.

Stericycle(PBR661) to sell its 2,000 employees Domestic Environmental Solutions business, excluding the healthcare customer and unused consumer pharmaceutical take-back services, to Harsco(PBR943) for $462.5 million in cash, to close in 1Q20. $SRCL PR link.

The US Dept of Labor says the US January 2020 Employed is at 158,714,000, -89,000 from December 2019, +2,087,000 from January 2019; Unemployed is at 5,892,000, +139,000 from December 2019, -623,000 from January 2019; Unemployment Rate is at 3.6%, December 2019 was at 3.5%, January 2019 4.0%. USDOL PR link.

The US Federal Reserve says the US Preliminary December 2019 Consumer Credit Outstanding-Revolving is at $1.098 trillion, Non-Revolving $3.099 trillion, Total $4.197 trillion, +0.5% from November 2019, +4.7% from December 2018. USFed PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Wholesale Sales-Durable Goods are at $232.7 billion, Non-Durable Goods $261.6 billion, Total $494.3 billion. USDOC PR link.

The FannieMae(PBR22) US January 2020 Home Purchase Sentiment Index is at 93.0, December 2019 was at 91.7, November 2019 91.5, January 2019 84.7. “Low rates continue to be a key driver of consumer optimism about both current homebuying and home-selling conditions. Favorable views on job security and personal financial expectations reflect the strength of the labor market, which we believe will continue to bolster housing demand.” $FNMA PR link.

***Thursday, February 6

The PBR25 Buy Stocks By Analyst Recommendations as of 01/31/20 has been released. Check out the summary!

Amazon(PBR5) to open first fulfillment center in Iowa, to be located in Bondurant, 645,000 sf facility, to create 1,000 new full-time jobs, to launch in late 2020. $AMZN PR link.

Johnson & Johnson(PBR36 $JNJ) ordered to pay $750 million in punitive damages to four people who said their use of the company’s talcum powders caused a rare cancer, New Jersey judge plans to reduce amount to around $187 million, JNJ plans to appeal. MarketWatch PR link.

Nike(PBR81) transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, will recognize a one-time, non-recurring charge related to foreign exchange of approximately $425 million. $NKE PR link.

Lear Corp(PBR148) authorizes increase in share repurchase authorization to $1.5 billion, had $1.2 billion balance at end of 2019, extends expiration date to 12/31/22. $LEA PR link.

Arconic(PBR226) Board approves completion of separation into two independent, publicly traded companies, existing company will be renamed Howmet Aerospace Inc, to change ticker from ARNC to HWM, Arconic Rolled Products Corporation to be named Arconic Corporation with ticker ARNC, to be effective on 04/01/20. $ARNC PR link.

JCPenney(PBR261) announces a new assortment of jeans with a complete reimagination of its women oriented a.n.a brand, focused on denim customers, includes size-inclusive selection for all body shapes and sizes. $JCP PR link.

Intercontinental Exchange(PBR454) says following its earnings call it has decided to cease exploring strategic opportunities with eBay(PBR286)$ICE PR link.

Agilent Technologies(PBR517) to receive $22.5 million from Twist Bioscience in intellectual property litigation settlement. $A PR link.

Taylor Morrison Homes(PBR593) completes $21.45/share, $2.5 billion cash & stock acquisition of William Lyon Homes (NYSE: WLH), creates 5th largest US homebuilder. $TMHC PR link.

Brink’s(PBR660) authorizes a $250 million shares repurchase program, expires 12/31/21, replaces previous authorization. $BCO PR link.

Twitter(PBR726) in 4Q19 report says average monetizable daily active usage reached 152 million, +21% year-over-year, has first $1+billion in revenues quarter. $TWTR PR link.

UNISYS(PBR764) to sell its 1,900 employees $689 million in revenues for year ending 09/30/29 US Federal business to SAIC(PBR545) for $1.2 billion, to close in 1H20. $UIS PR link.

The New York Times(PBR938) in 4Q19 says it now has 5,251,000 digital subscribers, gained 1+ million subscribers in 2019. $NYT PR link.

The US Dept of Labor says the US Preliminary 4Q19 Labor Productivity Output/Hour Annual Rate-Business Sector is at +1.1%, 3Q19 was at -0.2%, 2Q19 +2.8%, 4Q18 +0.0%. USDOL PR link.

***Wednesday, February 5

Merck(PBR73) to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company with 10,000+ employees, to close in 1H21. $MRK PR link.

YUM China(PBR353) launches the “Restaurant Management Team (RMT) Family Care Fund” to provide additional health protection for family members of restaurant management employee, will start in 07/20 and cover an estimated 86,000 parents, spouses and children of more than 31,000 RMT employees. $YUMC PR link.

Ametek(PBR535) acquires Orange, CA based $40 million in annual sales high-reliability, ruggedized uninterruptible power systems provider IntelliPower for around $115 million. $AME PR link.

Barnes Group(PBR963) completes divestiture of its $60 million in annual revenues developer and producer of retaining rings, fasteners, snap rings Seeger-Orbis to the Kajo Neukirchen Group. $B PR link.

Peabody Energy(PBR487) and largest shareholder Elliott Management names 3 members of Elliott to the Board, as well as 1 to be mutually agreed upon in the future, to be effective at the 05/20 annual meeting. $BTU PR link.

Albermarle(PBR676) Chairman/CEO Luke Kissam to retire from his roles, effective 06/20, for health reasons. $ALB PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Exports-Goods are at $137.7 billion, Services $71.9 billion, Total Exports $209.6 billion; Imports-Goods are at $207.5 billion, Services $51.1 billion, Total Imports $258.6 billion; Deficit-Goods is at $69.8 billion, Surplus-Services $20.8 billion, Total Deficit $49.0 billion, December 2018 Total Deficit was $60.8 billion; Total 2019 Exports were $2.500 trillion, Imports $3.117 trillion, Total Deficit $616.9 billion, 2018 Total Deficit was $627.3 billion. USDOC PR link.

ADP(PBR220) says the US January 2020 Change In Employment is at +291,000, +94,000 from Small Businesses, +128,000 Mid-Sized Businesses, +69,000 Large Businesses; +54,000 came from the Goods Producing Sector, +237,000 from the Services Sector. $ADP PR link.

The Institute for Supply Management says the US January 2020 Non-Manufacturing Index(>50%=Economy Expanding) is at 55.5%, December 2019 was at 55.0%, November 2019 53.9%, January 2019 56.7%. “The respondents remain mostly positive about business conditions and the overall economy. Respondents continue to have difficulty with labor resources.” ISM PR link.

The IHS Markit US January 2020 Manufacturing & Services Composite PMI Output Index is at 53.3, December 2019 was at 52.7, November 2019 52.0, January 2019 54.4. “Business activity rose at the fastest pace since last March in January amid a sharper expansion in service sector output.” IHS Markit PR link.

***Tuesday, February 4

The January 2020 PBR US Economic Indices Snapshot has been released. USI info.

Amazon(PBR5) opens new 48,000 square foot office for Alexa tech teams located in downtown Santa Barbara, CA, plans to create 150 new tech jobs. $AMZN PR link.

Walt Disney(PBR45) announces new Disney+ streaming service has signed up 28.6 million subscribers since its start on 11/12/19. $DIS PR link.

Macy’s(PBR115) announces 3 year Polaris strategy, includes launch of next phase of successful Macy’s Star Rewards loyalty program, plans to build four $1 billion power private brands, closing approximately 125 stores in lower tier malls within three years, and exploring new off-mall formats, establishes single corporate headquarters and relocates digital business to New York City. $M PR link.

eBay(PBR286 $EBAY) gets letter from activist investor Starboard Value saying the Classifieds unit must be sold off and a more aggressive operating plan put in place. Starboard Value PR link.

eBay(PBR286) responds to Starboard Value letter, says it will review the letter, reviews actions taken in recent years. $EBAY PR link.

Leidos(PBR299) to acquire the L3Harris Technologies(PBR459) Security Detection and Automation businesses, have 1,200 employees, for $1 billion cash, to close by end of 2Q20. $LDOS PR link.

Huntington Ingalls(PBR371) to acquire Kongsberg Maritime’s wholly owned indirect subsidiary Pocasset, MA based advanced marine robotics technology provider Hydroid for $350 million, to close in 2Q20. $HII PR link.

Scientific Games(PBR681) confirms it has expanded its partnership with Flutter Entertainment to cover online and mobile sports betting and iGaming content offering with FanDuel in the US. $SGMS PR link.

Prologis(PBR768) completes $12.6 billion all stock acquisition of US logistics REIT Liberty Property Trust (NYSE: LPT)$PLD PR link.

Wendy’s(PBR954) introduces new breakfast menu, options include fresh, hand-cracked eggs on every sandwich, and savory Applewood smoked bacon, starts 03/02/20. $WEN PR link.

Oshkosh(PBR357) director Stephen D. Newlin appointed independent Chairman, succeeds Craig P. Omtvedt who remains on the Board. $OSK PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Manufacturers New Orders-Durable Goods is at $245.6 billion, Non-Durable Goods $253.8 billion, Total $499.4 billion, +1.8% from November 2019, -0.1% from December 2018. USDOC PR link.

The PurdueU/CME Group US January 2020 Ag Economy Composite Index is at 167, December 2019 was at 150, November 2019 153, December 2018 127. “Virtually all of the rise in this month’s barometer was attributable to a sharp rise in optimism about future conditions in agriculture… coincided with President Trump’s signing of the Phase One Trade Agreement between the U.S. and China on January 15th.” PurdueU/CME Group PR link.

***Monday, February 3

AECOM(PBR156) completes $2.405 billion sale of its Management Services business to affiliates of American Securities LLC and Lindsay Goldberg LLC, AECOM to focus on its higher-returning and lower-risk Professional Services business. $ACM PR link.

Alcoa(PBR235) completes $250 million sale of its 1,300-acre hazardous waste treatment business in Gum Springs, AR, to Veolia ES Technical Solutions. $AA PR link.

Brookdale Senior Living(PBR522) completes 3 transactions with Healthpeak Properties(PBR915), including sale of 14 community venture, acquisition of 18 previously leased communities, and restructure of remaining 24-community lease. $BKD PR link.

Edgewell Personal Care(PBR873) $1.37 billion cash/stock acquisition of New York, NY-based 900 employees razor products provider Harry’s is challenged by the US Federal Trade Commission, Edgewell says it will respond in due course. $EPC PR link.

Regis Corp(PBR998) will sell its 55% interest in Empire Education Group, an operator of accredited cosmetology schools, in exchange for de minimis cash compensation, an exclusive private label supply agreement, and an employer of choice arrangement. $RGS PR link.

Sonoco Products(PBR502) President/CEO/Director Robert C. Tiede retires from all roles, SVP Paper/Industrial Converted Products Howard Coker elected President/CEO/Director, effective immediately. $SON PR link.

Intuitive Surgical(PBR636) Chairman Lonnie M. Smith to retire at annual meeting in 04/20, independent lead director Dr. Craig H. Barratt to be successor. $ISRG PR link.

The US Dept of Commerce/Census says the US Preliminary December 2019 Construction Spending Annual Rate-Residential is at $548.0 billion, Non-Residential $779.6, Total $1,327.7 billion, -0.2% from November 2019, +5.0% from December 2018. USDOC PR link.

The Institute for Supply Management says the US Preliminary January 2020 Manufacturing PMI Index(>50%=Economy Expanding) is at 50.9%, December 2019 was at 47.2%, November 2019 48.1%, January 2019 56.6%. “The PMI® returned to expansion territory for the first time since July 2019… Overall, sentiment this month is moderately positive regarding near-term growth..,” ISM PR link.

The IHS Markit US January 2020 Manufacturing PMI Index is at 51.9, December 2019 was at 52.4, November 2019 52.6, January 2019 54.9. “U.S. manufacturing firms indicated a slower overall improvement in operating conditions in January, in part stemming from a renewed drop in export orders.” IHS Markit PR link.

***Sunday, February 2

Super Bowl LIV: The Kansas City Chiefs come from behind to win over the San Francisco 49ers 31-20 at Hard Rock Stadium in Miami, Florida. Highlights.

***Friday, January 31

The PBRMarketTools US Stock Exchanges Recap for Week 5 ending 01/31/20:

DJIA ends Week 5 at 28,256.03, -2.53% from last Friday, -0.99% MTD/QTD/YTD, -3.72% from record 29,348.10 set 01/17/20.

NASDAQ ends Week 5 at 9,150.94, -1.76% from last Friday, +1.99% MTD/QTD/YTD, -2.68% from record 9,402.48 set 01/23/20.

SPX ends Week 5 at 3,225.52, -2.12% from last Friday, -0.16% MTD/QTD/YTD, -3.13% from record 3,329.62 set 01/17/20.

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

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

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The PBR1000 December 2019 Stocks & Commodities Snapshots

December 2019 The PBR1000:

A Month and Year for The Stock Market Bull

PBR1000 Stocks Bull Snapshots

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, 2019Month % Chg is compared to November 29, 2019YTD % 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 billionmedian 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

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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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The PBR1000 December 2019 Breaking News Recap

The PBR1000: Christmas Gifts from Washington a Mixed Bag?

PBR1000 Christmas Washington

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

By Larry C. Paxton

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

***Tuesday, December 31

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, December 30

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 27

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

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

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

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

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

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

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

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

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

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

***Thursday, December 26

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

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

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

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

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

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

***Wednesday, December 25

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

***Tuesday, December 24

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

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

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

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

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

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

***Monday, December 23

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 20

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, December 19

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, December 18

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, December 17

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, December 16

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, December 13

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, December 12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, December 11

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

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

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

Tesla(PBR141 $TSLA) 2019 Model 3 gets electric vehicle top rating from EdmundsEdmunds 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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The PBR1000 November 2019 Stocks & Commodities Snapshots

November 2019 The PBR1000:

Another Big Month for The Stock Market Bull

PBR1000 Stocks Bull Snapshots

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, 2019Month % Chg is compared to October 31, 2019YTD % 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 billionmedian is $8.39 billion, out of 1,000 companies.

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2019 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 October 2019 Stocks & Commodities Snapshots

October 2019 The PBR1000:

The Stock Market Bull Takes Charge

PBR1000 Stocks Bull

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, 2019Month % Chg is compared to September 30, 2019YTD % 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 billionmedian is $7.81 billion, out of 1,000 companies.

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2019 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 October 2019 Breaking News Recap

The White House and The PBR1000: Strange Bedfellows

PBR1000 Politics Economy StockMarket

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 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

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 VacantHomeownership Rate is 64.8%, 3Q18 was 64.4%. USDOC PR link.

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

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

***Monday, October 28

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 24

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 23

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

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

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

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

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

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

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

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

***Tuesday, October 22

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, October 21

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 18

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 17

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

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 16

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 15

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

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

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

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

***Monday, October 14

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

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

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

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

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

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

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

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

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

***Friday, October 11

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

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

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

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

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

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

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

***Thursday, October 10

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

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

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

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

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

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

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

***Wednesday, October 9

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

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

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

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

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

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

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

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

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

***Tuesday, October 8

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

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

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

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

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

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

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

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

***Monday, October 7

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

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

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

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

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

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

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

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

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

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

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

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

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

***Friday, October 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Thursday, October 3

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

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

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

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

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

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

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

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

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

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

***Wednesday, October 2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Tuesday, October 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

***Monday, September 30

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

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

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

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

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

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

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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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Copyright © 2019, All Rights Reserved, Pax Business Resources, LLC.

The PBR1000 September 2019 Stocks & Commodities Snapshots

September 2019 The PBR1000:

The Stock Market Bull Prevails

PBR1000 Stocks Bull

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, 2019Month % Chg is compared to August 30, 2019YTD % 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 billionmedian is $7.81 billion, out of 1,000 companies.

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2019 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 August 2019 Stocks & Commodities Snapshots

August 2019 The PBR1000: The Stock Market Bear Returns

PBR1000 Stocks

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

By Larry C. Paxton

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

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

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

 

The August 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 0, NASDAQ 0, SPX 0

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

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

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

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

The PBR1000 August 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2019 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 July 2019 Stocks & Commodities Snapshots

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

PBR1000 Stocks Commodities

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

By Larry C. Paxton

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

The July 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 22

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

Record Days: DJIA 4, NASDAQ 6, SPX 8

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

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

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

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

The PBR1000 July 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Graphic courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2019 by Pax Business Resources, LLC, All Rights Reserved, 

The PBR1000 June 2019 Stocks & Commodities Snapshots

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

PBR1000 Stocks Commodities

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

By Larry C. Paxton

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

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

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

The June 2019 US Major Stock Market Exchanges Summary

Number of Trading Days: 20

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

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

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

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

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

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

The PBR1000 June 2019 Snapshots

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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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