There’s been a wave of initial public offerings (IPOs) this year, what with the public trading debuts of Uber and Lyft.
Steve Sosnick, Interactive Brokers’ chief strategist, discusses what he thinks investors should look for when a new IPO is launched and what it means for the market.
Beware of the hype. Take a hard look at fundamentals and momentum. Is there a path to profitability? Trade carefully.
Photo Credit: Chris Urbanowicz via Flickr Creative Commons
We could see rallies similar to October 1982 or October 1974 if the current pessimistic view proves to be unjustified after corporations turn in their Q3 report cards.
The collection and analysis of the second quarter 2010 financial statements is largely complete now and a broad based acceleration in corporate wealth is clearer. The average annual sales growth rate of the GEARS total market index is now positive and, over the past year, staged the sharpest “V” shaped improvement in the data record. Even with that unprecedented reversal, the average sales growth rate has recovered only to the cycle trough level of 2002.
Earnings outlook may be less robust in 2022
Check out the latest stock reshuffle at the Crabtree Technology model.
