Daily Market Briefing

Stocks to Likely Trade in a Narrow, Yet Volatile, Sideways Range on Thursday, but to Resume their Recent Downturn on Friday

December 13, 2018 (4:30 am U.S. Eastern Time): The recent trading action in the U.S. stock market suggests that U.S. stock prices, in general, will trade in a narrow, yet volatile, sideways range on Thursday. However, the readings on numerous economic indicators for the United States, as well as for other major regions of the world, suggest that stocks around the globe will resume their recent downturn on Friday and continue to trend lower over the next few months. Therefore, we're continuing to advise our clients and persons who subscribe to our investment research and advisory journals to allocate a large portion of their financial market assets to cash-like securities (i.e. money-market securities) and to also allocate a portion of their assets to inverse equity ETFs after advising our clients to get mostly out of stocks during September of this year. 

Headline News

December 13, 2018

  • U.S. initial claims for unemployment benefits decline to lowest level since week ended September 23, 2018
  • European Central Bank maintains key lending rate at 0%
  • Brazil retail sales decline for second consecutive month

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Geopolitical Developments

Company and Stock News

December 11 Company and Stock News

  • The Brink’s Company (BCO) received antitrust approval of its planned acquisition of Brazil-based Rodoban, a provider of cash-in-transit, money-processing and ATM services to customers in Brazil; enters into accelerated share repurchase agreement with Bank of America Merrill Lynch to repurchase 700, 000 shares of its common stock
  • Dell Technologies obtains shareholder approval for its plan to buy back the tracking stock that’s linked to its stake in VMware Inc. (VMW); expects the transaction to close on December 28 and for Dell Technologies Class C shares to begin trading on the New York Stock Exchange under the ticker symbol DELL on the same day
  • Entera Bio (ENTX) enters into research collaboration and license agreement with Amgen Inc. (AMGN) to develop oral formulations for a preclinical large molecule program and up to two additional programs selected by Amgen

Stock of Week

CyberArk Software (CYBR)

CyberArk Software (CYBR) develops and sells cyber security software applications. The company focuses on privilege account security, which refers to enabling authorized individuals within large organizations to access needed information according to their credentials. As of August 7, 2018, the company’s customers included approximately 50% of Fortune 100 companies. CyberArk was founded during August 1999 and went public on September 24, 2014.

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

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Investors Monitor 20

Investors Monitor Grade

Company Name Ticker Symbol Sector / Industry Composite Fundamental Rating Product Sales & EPS Growth (Qtrly) Profit Margins Financial Liquidity Long-term Debt Institution Buys to Sells
Alarm.Com Holdings ALRM Home Security B- A B C A+ C B
Applied Optoelectronics AAOI Fiber Optics A- A+ A+ B+ A+ A+ B+
Arista Networks ANET Network Apps A+ A A+ A+ A A+ A
Control4 Corporation CTRL Home Devices B- A C C A+ A+ A
Floor & Décor Holdings FND Home Flooring B- A A+ C B- C- B+
General Electric GE Conglomerate B A C+ B- A+ C A
GrubHub GRUB Mobile Orders B+ A+ A B+ A+ B C
Micron Technology MU
Malibu Boats MBUU Boat Mfg. C+ A C B- B- C- D
Masimo Corp MASI Medical Devices A- A B A A+ A+ B
Momo Inc. MOMO Social Media A+ A A+ A+ A+ A+ A
Ollie’s Bargain Outlet OLLI Discount Stores B+ B+ A B+ A A C+
Qualys QLYS Internet Security A- A A B+ A+ A+ C
Sears Holdings SHLD Retail Stores C+ B Turn-Around Turn-Around B D+ A
SolarEdge Technologies SEDG Solar Panels A+ A A A A+ A A
The Trade Desk TTD Advertising B+ A A C+ A+ A+ B
Wal-Mart WMT Retail Stores B- A+ c+ C C A- C+
Weibo Corporation WB Social Media A+ A A+ A- A+ A+ A
Winnebago Industries WGO RV Mfg. C- A C C C+ D C
STMicroelectronics STMI
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