Daily Market Briefing

U.S. Stocks to Continue to Trend Higher over the Next Few Months as Readings on Key Leading Economic Indicators Turn Positive

March 22, 2019: (2:00 am U.S. Eastern Time): The recent trading action in U.S. stocks, as well as the latest readings on some key leading economic indicators for the United States, suggest that U.S. stock prices, in general, will continue to trend higher over the next few months. Therefore, we're advising subscribers to our financial market research and advisory journals to increase their allocations to equity securities.

Headline News

March 22, 2019

  • U.S. existing home sales rise sharply during February
  • Eurozone manufacturing activity declines for second consecutive month during first half of February
  • Japan manufacturing activity also declines for second consecutive month during first half of February

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Geopolitical Developments

Company and Stock News

March 20, 2019 Company and Stock News

  • E.W. Scripps (SSP) enters into agreement to acquire eight television stations in seven markets from Nexstar Media Group (NXST) for $580 million
  • Pfizer (PFE) acquires a 15% equity interest in Vivet Therapeutics, a privately-held gene therapy company that develops treatments for inherited liver disorders and other metabolic diseases, for €45 million (51 million) and milestone payments of up to €560 million ($635.8 million)
  • Starbucks (SBUX) invests $100 million into Valor Siren Ventures I L.P. in an effort to identify and invest in new food-related technologies
  • AutoZone (AZO) announced that its board of directors authorized the company to repurchase an additional $1 billion of its common stock in connection with its ongoing share repurchase program
  • Radian Group (RDN) announced that its board of directors authorized the company to increase its stock repurchases to $250 million from $100 million

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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