IPO News and Press, Renaissance IPO From 05/13/24

2024-05-13 15:10:00 ET Summary With the 10-year U.S. Treasury yield approximately 4.5%, this represents competition for stocks if income is a focus for investors. Over the course of the last three months the S&P 500 Index utilities sector is up 19.3% followed by energy up 13.7...

2024-05-10 14:00:00 ET Summary Q4 ’23 ended with a +10.1% growth rate for S&P 500 EPS, so it’s possible we could get to 10% in Q1 ’24, but the fact is that S&P 500 earnings are pretty healthy regardless. Financials have been performing very well. Credi...

2024-05-10 12:27:58 ET More on ZEEKR Zeekr Steps On IPO Accelerator As Its Prospects Run Low On Fuel ZEEKR Intelligent Technology prices $441M initial offering at $21 per ADS Chinese EV maker Zeeker reportedly priced its IPO at a valuation of $5.1B Financial ...

2024-05-09 06:00:00 ET Summary Inflation, interest rates and geopolitical uncertainty tend to influence the market more than U.S. election results. Traders tend to conflate their political bias, or a certain election result, as being better for the stock market over the next four ...

2024-05-09 02:45:00 ET Summary Financial markets are mostly still ignoring the presidential race because they face uncertainty and there is no clearly developing trend. Stock markets seem to have overcome fear of the Fed sufficiently to rally after a correction. The bond marke...

2024-05-08 07:20:00 ET Summary As of last week, the total return of the S&P 500 was even with 3-month Treasury bill returns since the valuation peak of January 2022, more than two years ago. We have totally full employment, totally wonderful profit margins. All the things you ...

2024-05-06 21:30:00 ET Summary I am sure we will have more corrections in 2024, but as far as the April edition is concerned, it appears to be over, with the Fed Chairman sounding dovish in his FOMC press conference last week. The Treasury market cooperated, with the 10-year yield...

2024-05-06 19:30:00 ET Summary It’s interesting to note that just today with the good market action, the Nasdaq closed back above, the late November ’21 all-time-high of 16,212, closing at 16,349. What’s interesting to me is that the 24-year “annual...

2024-05-06 10:00:01 ET More on IPOs Viking Holdings IPO: Smooth Sailing FOMC Meeting, Jobs Report, And Apple Earnings Headline Big Week Games Global Begins U.S. IPO Plan Smooth sailing for Viking as cruise operator closes week with 13% post-IPO gain V...

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....