Snap sinks to IPO price for first time since market debut Dipping below an IPO price is seen on Wall Street as a setback to be avoided by chief executives and their underwriters, but it is not uncommon for Silicon Valley companies whose market listings have been hyped to investors. […]
Brad Lamensdorf
Beyond jobs, car sales to give insight on consumer health Forget the jobs report. The most interesting bit of U.S. economic data next week is Monday's auto sales release, which will offer a measure of the middle-class consumer and a sector of the stock market that has had a rough […]
Snap surges after IPO banks give flurry of buy ratings Snap surges after IPO banks give flurry of buy ratings:- Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings. Snap's initial public offering on March 1 was […]
Hawkish Fed a potential speed bump for stock bulls Hawkish Fed a potential speed bump for stock bulls:- Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen […]
