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Another great morning,
We all start somewhere, including all these blue-chip companies! When they were babies or toddlers, they took their first steps on the stock market playground as mere IPOs.🏁
Let’s look at them now!
Markets
Dow 1.65%
S&P 500 1.83%
Nasdaq 2.45%
Fear Factor
VIX 0.25%
Crypto-verse
BTC -0.32%
ETH -2.28%
XRP 8.11%
The Magnificent 7 AAPL 0.64% MSFT 0.33% GOOGL -1.00% AMZN 0.29% NVDA 1.20% META -1.30% TSLA -0.80%
*Last Updated: Jan 16, 2025 7:30 a.m. EST. For updated market info click:
Today’s winners and losers — TSM, Nvidia, Bank of America, Morgan Stanley, UnitedHealth, Target, Southwest Airlines
BigBear.ai is up 13% after Kevin McAleenan was named chief executive. He previously served as commissioner of U.S. Customs and Border Protection and as acting secretary of the U.S. Department of Homeland Security during the Trump administration.
UnitedHealth Group Inc. stock is sliding down 3.2% in premarket trading, after Q4 revenue missed expectations for the first time in more than four years.
Bond markets stabilized after concerns that Wednesday’s CPI report for December would indicate rising inflationary pressures and push benchmark interest rates to the 5% level proved to be unfounded. A softer-than-expected CPI reading helped force the 10-year and 30-year Treasury down.
IPO
An Initial Public Offering (IPO) is a company's first time offering its stock for sale to the public.
It's a lengthy process in which investment banks usually help the company going public determine an appropriate price to sell its shares on the stock market, culminating in Listing Day, when the shares become tradable.
Today:
Initial jobless claims
US retail sales/ retail sales minus autos
import price index/import index minus fuel
Tomorrow: housing starts; building permits; industrial production; capacity utilization
Thu 1/16 - UNH and more banks
☀️UNH - UnitedHealth Group Inc
☀️BAC - Bank of America Corp
☀️MS - Morgan Stanley
☀️PNC - PNC Financial Service Group, Inc
☀️premarket 🌙after hours 🤷🏼♂️undisclosed
JANUARY IPO STATS(*initial public offering - when shares of a private corporations are offered to the public in a brand new market stock)
FLOC(Flowco Holdings) - $21-$23
RIBBU(Ribbon Acquisition Corp.) - $10
UFG(Uni-Fuels Holdings Ltd) - $4
CRGT(Cortigent, Inc.) - $10
PLMKU(Plum Acquisition Corp, IV) - $10
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📢If you’re looking for investing advice, don’t 👀 at me! 🐾 Meow Motto
🧶 DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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