IPO boom expected to extend into next week
The IPO market remains hot with June the busiest since 2000 and July sustaining demand. Neos Therapeutics and Blue Buffalo surged over 30% on their first trading day while Renaissance Capital flags a slate of potential IPOs for next week including TerraForma Global Intec Pharma Aqua Metals RiverBanc Multifamily Investors Poseidon Containers.
MENTIONED IN THIS ARTICLE
Wall Street
Neos Therapeutics
Blue Buffalo
Renaissance Capital
TerraForma Global
Intec Pharma
NTEC
Aqua
RiverBanc Multifamily Investors
RMI
Poseidon Containers
PCON
SigFig investors rush into IPOs after Fitbit debut
The report notes that 40 percent of SigFig users who bought Fitbit within ten days of its IPO were repeat buyers. It also says these investors purchased the five most active IPOs in a similar window, highlighting a pattern of rapid turnover among this group.
MENTIONED IN THIS ARTICLE
SigFig
FitBit
SigFig reveals US investors' online portfolio trends
SigFig tracks over half a million investors with roughly 200 billion in assets to show US portfolio allocation patterns. Data highlight 5 and 6 month averages, top holdings, and activity like most bought and sold, with disclosure notes on not constituting financial advice.
MENTIONED IN THIS ARTICLE
SigFig
Amazon Surpasses Walmart in Market Value After Earnings Beat
Amazon reported strong second quarter earnings well above estimates driving its market value above Walmart. The retailer posted higher profits and revenue, while TripAdvisor also released quarterly results that missed expectations with an adjusted 54 cent per share profit.
MENTIONED IN THIS ARTICLE
Amazon
Wall Street
Walmart
TripAdvisor
Amazon profit beats estimates as shares surge on rally
Analysts say Amazon.com posted a stronger than expected 19 cent adjusted quarterly profit, with 20 percent revenue growth to 23.2 billion. The stock jumped over 12 percent as investors weigh whether they have missed the rally, trading at 175 times forward earnings with an optimistic 18 month target of 615 dollars per share.
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Freeport McMoRan
FCX
American Airlines
AAL
Robert Hall
RHI
Helmerich & Payne
Southwestern Energy
SWN
SWI
Cigna
Anthem
E State Street
Amazon.com
Amazon
Walmart
S&p Capital IQ
FTC probes GM dealers over certified used cars claims
The Federal Trade Commission is examining whether GM dealers advertised certified pre owned vehicles as warranting recall repairs, according to GM's SEC filing. The probe could bring fines or penalties, with no damage estimate given, as GM faces broader recalls tied to ignition switch failures and a $625 million compensation fund.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
General Motors
Ing
Securities and Exchange Commission
FTC
Kenneth Feinberg
Southern District of
New York
Preet Bharara
Bharara
Investi
Bill Pugliano
Geriinviss
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