Daily Market Briefing

Stocks to Likely Pull Back a Bit During the Week Ahead

May 30, 2020: (8:00 U.S. Eastern Time): The recent readings on economic indicators from around the world, as well as the recent trading action in the U.S. stock market, suggest that global stock prices, in general, will pull back a bit during the week of June 1-5. However, those same indicators suggest that stocks will trend considerably higher than their recent levels during the second half of this year in response to considerable rebounds in the world's major economies during that period. Therefore, we're advising persons who subscribe to our financial market research and advisory journals to increase their allocations to equity securities.

Headline News

May 18-29, 2020

  • U.S. personal spending declined during April by biggest year-over-year degree since at least January 1959
  • Americans' economic sentiment improved modestly during May
  • Sales of newly-constructed U.S. homes rebounded modestly during April
  • National Association of Homebuilders' Housing Market Index rose during first half of May
  • Philadelphia-area and New York-area manufacturing activity to likely bottom during May
  • Eurozone and United Kingdom manufacturing activity to likely improve during May
  • Japan's manufacturing activity to likely continue to worsen during May
  • Economic sentiment of Eurozone institutional investors improved for second consecutive month during first half of May

Significant Developments

U.S. Economic Developments

U.S. Political Developments

U.S. and China Sign Phase One Trade Agreement

01/15/20: President Trump and China’s Vice Premier Liu signed today phase one of a new trade agreement between the United States and China. As part of the agreement, China agreed to increase its imports from the United States to approximately $200 billion annually,...

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Earnings Announcements

International Economic Developments

International Geopolitical Developments

Coronavirus Continues to Spread

02/26/20: The World Health Organization (“WHO”) reported today that approximately 81,109 people worldwide have now been infected with the coronavirus and that approximately 2,760 people worldwide have died from the disease, with 98% of those deaths occurring in China....

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Company and Stock News

February 27, 2020 Company and Stock News

  • Dell Technologies (DELL). announced that its Board of Directors authorized the company to repurchase up to $1 billion of its common stock over the next 24 months.
  • DocuSign, Inc. (DOCU) announced that it intends to acquire Seal Software, a privately-held provider of artificial intelligence contract analytics, for $188 million 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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