Daily Market Briefing

U.S. Stock Prices to Likely Trade in a Narrow Sideways Range during the Week of April 22-26

April 19, 2019: (9:00 pm U.S. Eastern Time): The recent trading action in the U.S. stock market indicates that U.S. stock prices, in general, will trade in a narrow sideways range during the week of April 22-26. However, the latest readings on leading economic indicators for the United States suggest that U.S. stocks will continue trend higher over at least the next few 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

April 18-19, 2019

  • U.S. new housing starts declined for seventh consecutive month during March
  • U.S. industrial production declined during March
  • NAHB Housing Market Index rebounded modestly during first half of April; buying interest expressed by prospective home-buyer rose considerably
  • Manufacturing activity in the Eurozone and Japan appears to be in the process of bottoming
  • U.K. retail sales rose during March for third consecutive month and by biggest year-over-year degree since November 2016

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Geopolitical Developments

Company and Stock News

April 5, 2019 Company and Stock News

  • Boeing (BA) announced that it’s temporarily reducing the production of its 737 MAX jets to 42 planes per month, from 51 planes per month, in an effort to focus on the certification of its software updates
  • The Wall Street Journal reported that Apple Inc.’s (AAPL) Apple Music service has passed Spotify’s (SPOT) music service in U.S. subscribers by two million users
  • Bloomberg News reported that Petróleo Brasileiro (PBR) agreed to sell its TAG natural gas pipeline network to a consortium led by France’s Engie for $8.6B
  • Reuters reported that TransCanada Corporation (TRP) is exploring a potential sale of its Columbia Midstream unit in a deal that valued up to $1 billion
  • Elbit Systems (ESLT) and Harris Corporation (HRS) sign definitive agreement under which Elbit Systems will acquire Harris’ Night Vision business for $350 million in cash

Stock of Week

i3 Verticals (IIIV)

i3 Verticals (IIIV) provides integrated payment and software applications to small- and medium-sized businesses. The company’s payment-processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. I3 Verticals was founded during 2012 and went public on June 21, 2018.

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

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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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