Latest Insights on IPO
Don’t Wreck It, Ralph
June 20, 2019 Great Stuff
I’m no Ralph Kramden, but even I can see that the market is ready for launch. Like I said in yesterday’s Great Stuff, anything but complete inaction by the U.S. Federal Reserve was likely to spark a rally — and save Fed Chair Jerome Powell’s job. All Powell had to do was drop the word “patient” from the Fed’s […]The Clash Over Interest Rates
June 17, 2019 Great Stuff
Jerome, you’ve got to let me know. Should I stay or should I go? The Federal Open Market Committee is meeting this week to decide the fate of U.S. monetary policy. In other words, the Fed is looking at interest rates. Federal Reserve Chairman Jerome Powell will hand down the central bank’s decision on Wednesday […]Sprint and T-Mobile Merger: The Tribe Has Spoken
June 12, 2019 Great Stuff
The Sprint Corp. (NYSE: S)/T-Mobile U.S. Inc. (Nasdaq: TMUS) merger is now less of an Amazing Race and more of a season of Survivor. Ten state attorneys general filed a lawsuit this week to block the $59 billion deal, including Mississippi, California and New York. The stage is getting crowded indeed. The upstart duo initially gained approval from games master […]When Rates Rise, It’s Time to Bounce on Banks
June 11, 2019 Great Stuff
In the day, we sweat it out on Wall Street, in a runaway bull-market dream. At night, President Trump tweets about mansions of glory and interest-rate-cutting machines. In his latest series of tweets, Trump is stepping out over the line. “The Fed interest rate is way too high, added to ridiculous quantitative tightening. They don’t […]Friday Four Play: IPO Edition
June 7, 2019 Great Stuff
Initial public offerings (IPOs) are finally cool again! Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (Nasdaq: LYFT) tried their hardest to scuttle enthusiasm in the IPO market. But Wall Street has finally shaken off those doldrums. I mean, Uber is finally trading back above its IPO price … so we’re all good, right? (Sorry, […]