Daily Market Briefing

U.S. Stocks to Continue to Pull Back Over the Next Few Days

July 19, 2019: (6:30 pm U.S. Eastern Time): The recent trading action in the U.S. stock market suggests that U.S. stocks, in general, will continue to pull back over the next few days.  Looking further out, the latest readings on numerous economic and stock market indicators for the United States suggest that U.S. stock prices will trade in a volatile sideways range over the next several weeks.

Headline News

July 18-19, 2019

  • University of Michigan's Consumer Expectations Index rose to 90.1 during first half of July from 89.3 during June
  • Philadelphia area manufacturing activity rose during first half of July at fastest pace in a year
  • United Kingdom's retail sales rebounded during June

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

United Kingdom Retail Sales Rebounded during June

07/18/19: The United Kingdom’s Office of National Statistics reported today that sales at the Kingdom’s retail stores rebounded during June, increasing by 1.0%, as compared to the prior month, after declining by 0.6% during May. In comparison to the same month a year...

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International Political Developments

Iran Seized British-Flagged Oil Tanker In Strait Of Hormuz

07/19/19: Several news agencies reported today that Iran’s military seized a United Kingdom-flagged oil tanker as it passed through the Strait of Hormuz near Iran's coast. Although the vessel’s owners, Sweden's Stena Bulk and its U.K.-based subsidiary Northern Marine...

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Company and Stock News

July 18, 2019 Company and Stock News

  • The Wall Street Journal reported that Anheuser-Busch InBev (BUD) is considering selling its business units in South Korea, Australia and Central America in an effort to reduce its approximately $100 of debt
  • The Federal Aviation Administration reported that interference from passenger cell phones might pose a crash threat to some of The Boeing Company’s (BA) 737 and 777 airplanes
  • Reuters reported that General Motors (GM) is planning to unveil tonight its newly designed mid-engine 2020 Corvette, which is designed to compete with high-performance sports cars manufactured by Lamborghini and Ferrari
  • The European Commission announced that it fined QUALCOMM Incorporated (QCOM) €242 million ($272 million) for selling its 4G baseband chipsets at prices below cost in an effort to eliminate competitors
  • Inseego Corp. (INSG) and Verizon Communications (VZ) debuted today the launch of Inseego’s M1000 5G hotspot and 5G-enabled device, which provides large bandwidth and fast download speeds required for video streaming, virtual reality and industrial IoT applications and is available exclusively to Verizon’s customers
  • Reuters reported that Southwest Airlines (LUV) joined several other airlines in cancelling more flights until early November due to the continued grounding of The Boeing Company’s (BA) 737 MAX
  • Reuters reported that the European Union approved Vodafone Group’s (VOD) planned acquisition of Liberty Global plc’s (LBTYA) cable networks in Germany and central Europe
  • Red Robin Gourmet Burgers (RRGB) announced that it received an unsolicited conditional proposal from Vintage Capital Management, LLC to acquire all of the company’s outstanding common stock for $40.00 per share in cash

Stock of Week

Mimecast Limited (MIME)

Mimecast Limited (MIME) is a global provider of cloud-based cyber-attack protection applications for business email, which is the number-one threat to businesses regarding their computer-based data. The company's customers include Barracuda Networks, Alphabet, Microsoft and Symantec Corporation. According to Mimecast’s management, none of the company’s competitors offer the fully-unified and integrated email protection application that it provides.

Composite Fundamental Rating Product Sales & EPS Growth (Qtrly) Profit Margins Financial Liquidity Long-term Debt Institution Buys to Sells
B- A A+ C B- C C

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Investors Monitor 20

Company NameTickerIndustryComposite RatingInvestors Monitor Grade
ProductSales & EPS GrowthProfit MarginsFinancial LiquidityLong-term DebtInstitution Buys to Sells
Alarm.Com HoldingsALRMHome SecurityB-ABCA+CB
Applied OptoelectronicsAAOIFiber OpticsA-A+A+B+A+A+B+
Arista NetworksANETNetwork AppsA+AA+AA+A+A
Control4 CorporationCTRLHome DevicesB-ACCA+A+A
Floor & Décor HoldingsFNDHome FlooringB-AA+CB-C-B+
General ElectricGEConglomerateBAC+B-A+CA
GrubHubGRUBMobile OrdersB+A+AB+A+BC
Malibu BoatsMBUUBoat Mfg.C+ACB-B-C-D
Masimo CorpMASIMedical DevicesA-ABAA+A+B
Micron Technology MUSemiconductorsA-A+AA+A+A+D
Momo Inc. MOMOSocial MediaA+AA+A+A+A+D
Ollie's Bargain Outlet OLLIDiscount StoresB+B+AB+A+AC+
Qualys QLYSInternet SecurityA-AAB+A+A+C
SolarEdge TechnologiesSEDGSolar PanelsA+AAAA+AA
The Trade DeskTTDAdvertisingB+AAC+A+A+B
WalmartWMTRetail StoresB-A+C+CC+A-C+
Weibo CorporationWBSocial MediaA+AA+A-A+A+A
Winnebago IndustriesWGORV Mfg.C-ACCC+DC

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