IPO's Beating the Market Hot topic stock, Beyond Meat (BYND), has risen over 260% from its IPO just over a month ago. While other recent IPOs have not necessarily matched this rapid appreciation, newly listed companies have for the most part been doing pretty well. The Renaissance IPO Index, which holds the past couple of years largest IPOs, is evidence of this as it has been rapidly moving off of this year's lower low in the past couple of weeks. On the back of the success of stocks like BYND and Zoom Video (ZM), which both sit handily above their IPO prices, the index is nearing its highs from earlier this year and last. Given investors flight into these newly listed companies, IPOs have been increasingly outperforming the S&P 500. The chart below shows the relative strength of the IPO index versus the S&P 500 over the last ten years, and in it, we have also noted points where there were notable companies to hit the market. Periods where the line is rising indicate that the IPO index is outperforming the S&P 500 and vice versa. Over the past ten years, IPOs have cycled through outperformance and underperformance. In the second half of 2013 through late 2015, as well as most of 2017 into late last year, IPOs outperformed. The times between saw underperformance. One interesting point to note about the chart is that notable and long-awaited IPOs don't necessarily cause new interest in IPOs or mark any sort of top. For example, Facebook's (FB) IPO in 2012 came during a period of underperformance and was followed by further underperformance. In 2013, Twitter (TWTR) IPO'd and that IPO was followed by a period of outperformance. In March 2017, Snap (SNAP) had a rough IPO, but the broader IPO market did well. Finally, while Uber (UBER) and Lyft (LYFT) were two widely watched and anticipated IPOs, it has been less eagerly anticipated names like BYND and ZM that have garnered the most investor interest.
I think they're also celebrating Trump Xi comments. https://www.cnbc.com/2019/06/18/tru...-have-extended-meeting-next-week-at-g-20.html https://www.cnbc.com/2019/06/18/stock-market-wall-street-monitors-federal-reserve-meeting.html
Looks like we are up on trade deal hope again I doubt a deal is going to happen at G20 but I guess both Trump and Xi will say some positive developments after the meeting, we will see Interest rates lower after dovish comments by the ECB and I guess some optimism of a dovish FED tomorrow
Seems a bit quick to me, especially since a big green day today seems like a bullish result would be semi-priced in at this point.
Yeah I think the probability is pretty low for a new ATH tomorrow unless the FED is even more dovish than the market expects tomorrow
Mid Day: Trading Day, U.S stock market. (6/18/2019) Find recommendation prices for our Short Sell opportunities $TSLA and $EOG In this video, we show you the half day of today's trading day. We analyze and suggest new stock opportunities, and alternative stocks in the U.S stock market.
seems like we're doing tomorrow's move today, so unless we hear something about QE infinity being a tool in the FED's arsenal, or that they're ready to launch that again at any point, we could be setting up for kind of a dud (nonevent) of an FOMC tomorrow. on the flip side, now that we've priced in a lot tomorrow's move today, this could also be setting up for a big disappointment if we don't get the verbiage the market wants or expects to hear. i know i've mentioned this about an umpteenth amount of times over the past several weeks, but i do continue to believe that almost all of this bounce back off the recent pullback low has been largely on "hopium" on a dovish FED. that wasn't more evident than a few friday's ago when we had that dismal NFP print, and saw the markets rip a new one afterwards let's see what happens tomorrow during the powell presser...i think the actual fomc statement will be largely a snoozer, but the presser could be of interest
I might look at gold and bonds if we get a big disappointment from the FED tomorrow, in a longer run rates are still probably going lower I agree that the market has been rallying mostly due to the FED. Trade talk moves the market too for sure but not nearly as much as the FED does, just my opinion of course
Trump on demoting Fed Chair Jerome Powell, day before rate decision: ‘Let’s see what he does’ https://www.cnbc.com/2019/06/18/trump-on-demoting-fed-chair-jerome-powell-lets-see-what-he-does.html Looks like Trump putting some pressure on Powell to cut rates
Morning Lineup - Quiet Ahead of Fed Wed, Jun 19, 2019 Markets are on the quiet side this morning as traders await the big interest rate policy statement from the FOMC along with the latest updates to their economic forecasts and Fed Chair Powell's press conference. Asian equities traded higher in reaction to yesterday's strength in the US, and European markets are trading on either side of the flatline. With regards to the FOMC. we would note that since Powell stepped into his role as Fed chief, there has only been one meeting day (out of ten) where stocks finished in positive territory for the day. He's going to have to break out of this rut at some point! Semis rallied over 4% on Tuesday as the Philadelphia Semiconductor Index had its best day since late January. We've discussed the leadership traits of the semis in terms of their relative strength versus the S&P 500 a lot over the months, and that leadership was tested earlier this week as the group now looks (for now) to have successfully tested its lows from earlier this month. They're still not in the clear, but this afternoon's Fed meeting and the upcoming US-China talks at the G-20 are sure to play a role in how things play out.
anyone have some SPY puts lined up for the FED announcement. I feel like history shows that the market drops right after the announcement.
