IPO News and Press, Renaissance IPO From 09/18/23

2023-09-18 22:35:00 ET Summary As the 10-year yield moved up from 3.25% in the spring to 4.35% recently, the stock market generally ignored rising bond yields. If the S&P 500 has risen this far without a considerable rise in earnings, as interest rates are also rising, the dis...

2023-09-18 19:15:00 ET Summary If investors in the S&P 500 were looking for direction from the newstreams for how to shape their portfolios, they didn't find much to influence them. The S&P 500 wrapped up the week at 4450.32, down 0.16% from where it closed the week before...

2023-09-15 21:25:00 ET Summary Walmart is now trading at an all-time-high, although the so-called breakout above the May ’22 highs around $160 has been on below-average volume. For fiscal year ’24 and ’25, WMT has seen EPS estimates get cut 2% for fiscal ...

2023-09-12 10:52:19 ET Summary Arm Holdings and Instacart are set to go public, signaling a potential uptick in IPO activity. The IPO market has been lackluster in recent years, but there are signs of recovery. The Renaissance IPO ETF, which has underperformed in the past, cou...

2023-09-12 03:20:11 ET Summary Renaissance IPO ETF has experienced a decline of almost 15% since our previous recommendation to sell option premium. The fund's implied volatility is currently trading at an ultra-low level, indicating potential for options to increase in value over...

2023-09-11 23:35:00 ET Summary Market sentiment has improved from record lows of early June ’23 using the S&P 500 Net Non-Commercial Futures Positions (weekly data from Feb 2015) as the measure. The spike in the T-Bill rate (3mo) made little sense unless one viewed this...

2023-09-11 15:06:00 ET Summary The S&P 500 index declined by 1.3% during the trading week ending on Friday, 8 September 2023, closing out the Labor Day-holiday shortened week at 4457.49. The biggest trouble for the S&P 500 came on Wednesday, 6 September, when news came Chi...

2023-09-11 10:30:13 ET Terms and changes Japanese medical and relaxation salon chain ZEROSPO ( ZRSP ) has reduced its proposed deal size for its upcoming IPO from 3.75M shares to 1.5M shares at the same estimated price range of $4 to $5. The company plans to list on Nasdaq under the...

2023-09-11 10:05:00 ET Summary August CPI, due 9/13/23, becomes another focal point / the inflection point du jour. A look back on US rate structure gives perspective (higher for longer?). Still very constructive on the market with caveats on sector and valuation. Fo...

2023-09-11 07:04:09 ET Investors this week will get to see how hungry the market is for new IPOs. Chip designer Arm Holdings ( ARM ) is set to price its offering on Wednesday, and begin trading on Thursday, in what is poised to become the biggest initial public offering for all of 2023....