Daily Market Briefing

U.S. Stocks to Likely Trade in a Volatile Sideways During the Week Ahead

May 24, 2019: (6:30 pm U.S. Eastern Time): The recent trading action in the U.S. stock market, and financial market participants' concerns regarding the eventual outcome of trade disputes between the United States and China, suggest that U.S. stock prices, in general, will trade in a volatile sideways range during the week of May 21-31. However, the recent readings on numerous leading economic and stock market indicators for the United States suggest that U.S. stocks will trend higher over the next couple of months. Therefore, we're advising subscribers to our financial market research and advisory journals to allocate a large portion of their financial market assets to equity securities.

Headline News

May 23-24, 2019

  • U.S. durable goods orders declined modestly during April
  • U.S. new home sales also declined modestly during April
  • Manufacturing activity in the Eurozone and Japan appears to have declined during the first half of May

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Geopolitical Developments

Company and Stock News

April 26 Company and Stock News

  • Walmart (WMT) announced that it’s now offering free delivery of products in only one day for products ordered online by the company’s customers, without the payment of any membership fees
  • Bloomberg News reported that Tesla (TSLA) CEO, Elon Musk, settled his legal dispute with the U.S. Securities and Exchange Commission, with Musk agreeing that he will not tweet about Tesla’s financial condition, potential mergers or acquisitions, production and sales numbers, new or proposed business lines, financial projections and/or forecasts that the company has not published prior to such tweets
  • The Wall Street Journal reported that PayPal Holdings (PYPL) is planning to invest $500 million in Uber Technologies (UBER)
  • Lennar Corporation (LEN) announced that it closed on a lot purchase agreement with privately-held Level Homes, which results in the company now controlling an additional 1,602 new home sites and approximately 13% of the total market share in new home construction across seven communities throughout the Raleigh, North Carolina market

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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