Daily Market Briefing

U.S. Stocks to Likely Move Higher Over the Next Few Days in Response to Positive Readings on Economic Indicators

October 19, 2020: (7:00 pm U.S. Eastern Time): The near-term outlook for U.S. stock prices worsened considerably today after Democratic and Republican members of the U.S. House of Representatives did not reach an agreement regarding an additional economic relief package for Americans. Looking forward, we at Frazier, Browne and Mayer, LLC, the provider of AdvisorsMonitor.com, expect stocks to trade in a volatile sideways range throughout the remainder of this week, as well as over the next several weeks, due, primarily, to uncertainties regarding the outcomes of the November 3 U.S. elections. Yet, we're continuing at this time to advise persons who subscribe to our financial market research and advisory journals to allocate a large portion of their financial market assets to equity securities, but to be prepared to reduce their allocations to stocks in the event that Joe Biden were elected as the next U.S. President due to his socialistic government proposals.

Headline News

October 13-19, 2020

  • National Association of Homebuilders' Housing Market Index rose for sixth consecutive month during first half of October, but at the slowest rate in the past five months
  • Manufacturing activity to likely continue to increase in both the Philadelphia area and the New York area during full month of October, but to slow somewhat in the New York Area, as compared to the prior monht
  • U.S. small business owners became most optimistic during September since February of this year regarding near-term future direction of the U.S. economy

Significant Developments

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Political 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

July 27, 2020 Company and Stock News

  • Qualcomm (QCOM) announced today the launching of its new smartphone charging device, the Qualcomm® Quick Charge™ 5, which the company stated is the world’s fastest commercial charging technology for Android devices.
  • Group plc (CNWGY) announced that it will begin to re-open its U.S. Regal Cinema theaters on August 21.
  • Roadrunner Transportation (RRTS) announced that it intends to effectuate a spin-off of its Ascent Global Logistics via a stock dividend to the company’s stockholders.
  • Keysight Technologies (KEYS) announced that it’s collaborating with IPG Automotive and Nordsys to design and develop a modular test platform that the companies expect to accelerate the validation of advanced driver-assistance systems (“ADAS”) and functions for autonomous driving.

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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