Good morning. Happy Monday. Hope you had a good weekend.
I may discontinue this morning post. Most of this is copy & pasted from Seeking Alpha. They’ve changed what they post, and most of it isn’t timely; it doesn’t always pertain to that day’s premarket happenings. If you have comments, let me know.
The Asian/Pacific markets leaned to the upside. Japan, South Korea, Malaysia, and Indonesia did well; Taiwan and the Philippines were weak. Europe, Africa and the Middle East are currently doing well. Denmark, France, Turkey, Germany, Span, Italy, and Israel are leading; Hungary is down. Futures in the States point to a positive open for the cash market.
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The dollar is down. Oil and copper are up. Gold and silver are down. Bonds are flat. Bitcoin is up.
Stories/News from Seeking Alpha…
Hungry for more
2025 might be the year of the IPO comeback, following several years where new offerings had been on pause pending more favorable conditions. The successful IPOs of AI cloud player CoreWeave (CRWV), stablecoin issuer Circle (CRCL) and design software maker Figma (FIG) already boosted investor optimism earlier this year, with names like “Buy Now, Pay Later” firm Klarna (KLAR) and crypto exchange Gemini (GEMI) making more headlines this past week.
Why now? Investors are once again in “risk-on” mode as the stock market continues to notch new daily highs. Stability has also been seen with the VIX near 12-month lows amid a return to dealmaking and more clarity surrounding regulatory frameworks. An upcoming easing cycle from the Federal Reserve is additionally anticipated to start this week, with a more definitive interest rate environment for raising capital. Black Rock Coffee Bar soars in its IPO open
According to IPO advisory firm Rainmaker Securities, through the first half of 2025, IPOs have notched an average first-day performance of 27.5%, nearly double the 15% jump seen during the first half of last year. The 20 largest offerings (out of the 241 US IPOs) so far this year have seen even larger gains, with first-day pops averaging 36%. Out of all the sectors, tech has dominated the market, seeing the largest average first-day jump over the past year on the NYSE, at 36.3%. Which tech companies could IPO in the next few months?
The pipeline: More companies are scheduled to come out of the gate, as the backlog of firms waiting to go public finally goes online. Ticket marketplace StubHub (STUB) is up next, with shares set to make their trading debut tomorrow on the NYSE. The offering is said to be 20x oversubscribed – in another vote of confidence for the IPO market – though some say it’s better to be cautious this time around. What investors need to know about StubHub’s IPO
Good morning! Check out the latest in trending:
On the move: Tesla (TSLA) has rocketed above $400 for the first time since January. Check out Elon Musk’s latest stock purchases.
China: Beijing has launched probes targeting U.S. semiconductors and ruled that Nvidia (NVDA) breached antitrust law over its 2020 Mellanox deal.
B.I.G.: Bank of America is embarking on a new investment theme encompassing bonds, international stocks and gold.
What else is happening…
Fed drama: Trump presses appeals court to remove Lisa Cook.
UBS (UBS) weighs U.S. move amid Swiss capital rule dispute.
Deadline for TikTok sale likely to be extended for the fourth time.
Whirlpool (WHR) claims its competitors could be evading tariffs.
Stellantis (STLA) pulls the plug on full-size electric pickup truck.
Major sanctions on Russia are possible if this happens.
UnitedHealth steps up lobbying of Trump allies amid probes.
COVID vaccine names take a hit on reported link to child deaths.
Starlink (STRLK) restored after brief outage disrupts thousands.
SA Asks: Which biotechs could be acquired by year’s end?
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