IPO News and Press, Renaissance IPO

2024-07-26 20:20:00 ET Summary Q2 ’24: +16.9% EPS growth expected on July 1, +17.8% tech EPS growth expected today. Next week, Microsoft reports on Tuesday night, July 30th, after the close, while Amazon and Meta also report next week. Microsoft and Intel (Thursday, 8/1...

2024-07-26 16:00:00 ET Summary The divergence between the Magnificent Seven and the other 493 companies in the S&P 500 Index continued during the second quarter, with the forming gaining nearly 18% while the latter declined by about 1%. For the second straight quarter, fixed i...

2024-07-26 13:30:00 ET Summary Last week, which ended on July 19, 2024, saw what appears to be a significant reversal in major stock indexes. Many commentators are wringing their hands over a candlestick pattern called an “engulfing pattern”. There’s a non...

2024-07-25 14:10:00 ET Summary Fast forward to yesterday’s close for the S&P 500 Index and equities are well below their recent peak. The better question is whether the latest decline is the start of an extended slide or just a garden variety correction? The market ...

2024-07-25 12:50:00 ET Summary On Wednesday, the S&P 500 shed 2.3%. The major key to this weakness, which we detailed in last night's Closer, was how the the Magnificent 7 had a historically bad session given poor reactions to earnings of Tesla and Alphabet. Yesterday was ...

2024-07-25 02:55:00 ET Summary Calls from senior members of the Democratic Party finally became too great this past weekend, with President Biden bowing out of the 2024 U.S. Presidential race. Regardless of who faces off against former president Donald Trump in November, the U.S. ...

2024-07-25 02:35:00 ET Summary It can be easy for investors to let their political persuasions impact their long-term financial judgment. U.S. stocks have almost always risen by the end of a president's term, regardless of their party affiliation. Historical data shows that ma...

2024-07-24 12:30:00 ET Summary President Joe Biden’s late withdrawal from the presidential race creates a number of significant unknowns. While few expect a rate cut at next week’s meeting, probabilities could increase after Friday’s Personal Consumption Expen...

2024-07-24 11:17:00 ET Summary Market concentration rose to multi-decade highs as names like Nvidia, Apple, and Microsoft continued to surge higher. While we have seen signs of a slowing economy, we have yet to see the signs of outright weakness that would seriously concern us abo...

2024-07-24 07:45:00 ET Summary Momentum continued in the second quarter, with U.S. equities still led by the large technology stocks known as the Magnificent 7. History shows that a strong first half of the year often leads to a strong second half. There will be presidential e...