May 2017: Calm Overcomes a Mid Month Panic
May: 12 days of Calm, 1 day of Panic, 9 more days of relative Calm. Not bad in times of unpredictability.
By Larry C. Paxton
The first half of May saw the NASDAQ and S&P 500 stocks reaching new record highs and the DJIA slightly ahead for the month. But the market reacted very negatively on Wednesday, May 17th, with the political news that former National Security Adviser Michael Flynn may have misrepresented his involvement with Russian business and leaders. When the day was finished the implications and concerns were somewhat diminished and all 3 major US stock exchanges followed with 6-7 day positive runs that overtook the drastic 1 day drop and the NASDAQ and S&P500 establishing more record highs.
Here’s a repeat from April: The US economy continues to grow at a modest/moderate rate, with job growth, wage growth and the unemployment rate being reasonable. Business and consumer sentiment indexes show growing confidence.
Because of the current volatility and unpredictability of the US political environment investment in stocks opinions continue to range widely. There are clearly opportunities for the economy to grow and strengthen, but will political turmoil force us to start over? As the drama continues to unfold and evolve don’t wear out the edge of your seat!
Here are some May summaries on the US stock exchanges:
Number of Trading Days: 22
Number of Gain(+)/Loss(-) Days: DJIA 11+/11-; NASDAQ 17+/5-; SPX 14+/8-.
Record Days: DJIA 0, NASDAQ 10, SPX 7
Longest Gain Streak(Consecutive Days): DJIA 6, NASDAQ 7, SPX 7
Longest Loss Streak(Consecutive Days): DJIA 4, NASDAQ 2, SPX 2
Big Swing Up Days(>1.00%): 0
Big Swing Down Days(<-1.00%): 1, 05/17/17(Russia influence in US elections, Mike Flynn issues)
The following are Top 5 partial tables excerpts from The PBR1000 May Snapshots. The price for stocks is for the close of trading on May 31, Month % Chg is compared to April 28, YTD % Chg is compared to December 31, 2016, and the 17 Months % Chg is compared to December 31, 2015. 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 +38% to -55%. 474 out of 1,012 stocks were up 0.00% or more. The average was a gain of 0.4%, the median was a loss of 0.6%.
| Company | PBR Rank |
Symbol | Price 05/31/17 |
Mo % Chg |
YTD % Chg |
17 Mos % Chg |
|---|---|---|---|---|---|---|
| NVIDIA |
365 | NVDA | 144.35 | +38 | +35 | +338 |
| Cenveo |
906 | CVO | 6.05 | +36 | -13 | -13 |
| First Solar |
682 | FSLR | 38.51 | +30 | +20 | -42 |
| Molina Healthcare |
148 | MOH | 64.57 | +30 | +19 | +7 |
| Dynegy |
522 | DYN | 8.25 | +29 | -2 | -38 |
Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers
Table 2 Summary: The range was +130% to -71%. 579 out of 1,010 stocks were up 0.00% or more. The average was a gain of 7.5%, the median was a gain of 3.1%.
| Company | PBR Rank |
Symbol | Price 05/31/17 |
Mo % Chg |
YTD % Chg |
17 Mos % Chg |
|---|---|---|---|---|---|---|
| Weight Watchers |
995 | WTW | 26.30 | +26 | +130 | +15 |
| Restoration Hardware |
818 | RH | 56.27 | +17 | +83 | -29 |
| Systemax |
903 | SYX | 15.93 | +20 | +82 | +85 |
| iHeartMedia |
400 | IHRT | 1.89 | -12 | +70 | +110 |
| Vertex Pharmaceuticals | 898 | VRTX | 123.60 | +4 | +68 | -2 |
Table 3(S13): The PBR1000 Top 5 16 Months Stock Price % Gainers
Table 3 Summary: The range was +338% to -89%. 729 out of 1,007 stocks were up 0.00% or more. The average was a gain of 20.3%. The median was a gain of 17.9%.
| Company | PBR Rank |
Symbol | Price 05/31/17 |
Mo % Chg |
YTD % Chg |
17 Mos % Chg |
|---|---|---|---|---|---|---|
| NVIDIA | 365 | NVDA | 144.35 | +38 | +35 | +338 |
| AMD |
526 | AMD | 11.19 | -16 | -1 | +290 |
| Tronox | 827 | TROX |
15.20 | -8 | +47 | +289 |
| Cliffs Natural Resources | 823 | CLF | 5.89 | -12 | -30 | +273 |
| Navistar Intl |
321 | NAV | 25.87 | -4 | -18 | +193 |
Table 4(S15): The PBR1000 Top 5 Market Capitalization
Table 4 Summary: The range was $796.47 billion to $0.01 billion. The average is $23.3 billion, median is $7.1 billion, out of 1,012 companies.
| Company | PBR Rank |
Symbol | Market Cap($B) 05/31/17 |
Mo % Chg |
YTD % Chg |
17 Mos % Chg |
|---|---|---|---|---|---|---|
| Apple |
4 | AAPL | 796.47 | +6 | +29 | +36 |
| Alphabet |
27 | GOOG | 667.44 | +7 | +25 | +28 |
| Microsoft |
29 | MSFT | 539.20 | +2 | +12 | +22 |
| Amazon | 12 | AMZN | 475.40 | +8 | +33 | +50 |
| 94 | FB | 438.96 | +1 | +32 | +48 | |
| The PBR1000 |
23,622.33 | +1 | +7 | +16 |
Table 5: The PBR1000 Index & Selected Stock Exchanges/Commodities
| Company | Price 05/31/17 |
Mo % Chg |
YTD % Chg |
17 Mos % Chg |
|---|---|---|---|---|
| The PBR1000 | 80,090.17 | +0.4 | +7.5 | +20.3 |
| DJIA | 21,008.65 | +0.3 | +6.3 | +20.6 |
| NASDAQ | 6,198.52 | +2.5 | +15.2 | +23.4 |
| S&P500 | 2,411.80 | +1.2 | +7.7 | +18.0 |
| GOLD | 1,275.40 | +0.5 | +10.7 | +20.3 |
| SILVER | 17.41 | +1.1 | +8.9 | +26.1 |
| OIL | 48.32 | -1.8 | -10.0 | +30.5 |
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