Daily Market Briefing

U.S. Stocks to Likely Resume Recent Downturn during the Week Ahead

August 16, 2019: (11:30 am U.S. Eastern Time): The recent readings on numerous economic indicators, as well as the recent trading action in the U.S. stock market, suggests that U.S. stocks, in general, will resume their recent downturn during the week of August 19-23. Therefore, we're advising persons who subscribe to our financial market research and advisory journals to continue to allocate a large portion of their financial market assets to inverse-equity ETFs.

Headline News

August 15-16, 2019

  • U.S. new housing starts declined for third consecutive month during July
  • Building permits for new U.S. housing starts rose during July
  • Japan industrial production declined by 3.8% during June, the latest month for which data are available
  • U.K retail sales rose at a slower pace during July than during the prior month

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Political Developments

Company and Stock News

July 19, 2019 Company and Stock News

  • The Boeing Company (BA) to record an after-tax charge of $4.9 billion ($8.74 per share) for the quarter ended June 30, 2019 related to the grounding of its 737 MAX airplanes
  • Anheuser-Busch InBev (BUD) agreed to divest its Carlton & United Breweries subsidiary to Asahi Group Holdings, Ltd. for 16.0 billion AUD ($10 billion)
  • Reuters reported that a U.S. judge reduced a $2 billion damages claim million that was awarded to a California couple regarding Bayer’s Corporation’s Roundup weed killer to $250 million
  • U.S. Steel (X) to lay off 2,500 people at its factory in Slovakia by the end of 2021
  • Reuters reported that Lockheed Martin (LMT) was awarded a $1.48 billion contract to build the THAAD missile defense system for Saudi Arabia, bringing the total value of the deal to $5.36 billion
  • U.S. News reported that Cummins Inc. (CMI) made an offer to acquire Volkswagen’s MAN Energy Solutions unit
  • PepsiCo (PEP) entered into agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. for R110.00 per share in cash ($1.7 billion)
  • Variety.com reported that Roku, Inc. (ROKU) is planning to expand to multiple international territories
  • Discover Financial Services (DFS) announced that its Board of Directors authorized the company to repurchase $2.2 billion shares of its stock

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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