IPO News and Press, Renaissance IPO

2024-05-03 20:10:00 ET Summary With tech earnings out of the way, S&P 500 earnings continue to be healthy, robust in fact, although that’s been the case for a while. The forward 4-quarter estimate was revised higher again (sequentially) to $253.25 from last week's $252....

2024-05-03 19:20:00 ET Summary The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+. 1%+ gaps higher on a Friday have been the second most frequent of any weekday wi...

2024-05-03 12:35:00 ET Summary If April showers bring May flowers, then perhaps investors can rejoice that April is over and look forward to better times in May. US equities struggled last month, with the S&P 500, Dow Jones Industrial Average, and Nasdaq all falling by 4.16%, ...

2024-05-02 09:25:00 ET Summary Both interest rates and Treasury yields ratcheted upward with pernicious inflation, prompting renewed discussion about equity risk premiums in a new environment with abundant opportunity for yield. Given the structural headwinds supporting declining ...

2024-05-02 08:10:00 ET Summary To understand if this is just a short-term dip or something more meaningful, we must look at the technical and fundamental backdrop that is moving sentiment. Semiconductors and their earnings announcements have been key with the wave of investment in...

2024-05-01 12:30:00 ET Summary Google searches of the term “stagflation” went up dramatically last week, but I don’t believe we’re seeing stagflation in the US. The recovery in eurozone services appears to have legs, in my opinion, as we are finally see...

2024-04-30 09:00:00 ET Summary The aim of the devaluation was to escape deflation which had persisted since (at least) the turn of the century. The Yen started to weaken in 2021 as the BOJ ramped up Yen printing again to help the economy recover from the COVID shock. Mortgage ...

2024-04-30 05:35:00 ET Summary The year began with six rate cuts expected by Fed funds futures markets and other derivative instruments. The 10-year Treasury yield went all the way up to 4.74% last week on the worse-than-expected inflation reports. If the 10-year Treasury yiel...

2024-04-29 09:33:33 ET More on IPOs Rubrik: A Strong IPO in A Tough Market FOMC Meeting, Jobs Report, And Apple Earnings Headline Big Week Rubrik: Latest Cybersecurity IPO - Initiating Coverage, Buy Rating IPO watch: Cruise line operator Viking to go public a...

2024-04-26 20:00:00 ET Summary The forward 4-quarter estimate this week was $252.55, up from $252.51 last week. Assuming a close in the S&P 500 today around 5,100, the P/E ratio on the forward estimate is 20.2x. Assuming a 5,100 close, the S&P 500 earnings yield will f...