🗣 Wall Street Buzz: IPO Frenzy and Crypto Shake-Up
This week’s Investing Intel edition includes hot IPO picks, strong earnings, a crypto exit amid a Bitcoin rally and more. Read on.
Market Snapshot (Past Week)
S&P500: $4,594.63 (0.87%)
Dow Jones Industrial Average: $36,245.50 (2.46%)
Nasdaq Composite: $14,305.03 (0.46%)
Russell 2000: $1,862.64 (3.42%)
S&P/TSX Composite Index: $20,452.87 (1.74%)
PHLX Gold and Silver Sector: $125.80 (6.49%)
The Biggest Investing Stories From the Last 7 Days
This week, we’ve got insights into Ford’s emergence from strike mayhem, a host of IPO news, and an Ulta earnings beat. Scroll down to feast on the lot!
🚙 Ford Resumes 2023 Guidance After Strike Woes
Ford has reinstated its 2023 guidance, expecting adjusted earnings before interest and taxes (EBIT) between $10 billion to $10.5 billion and adjusted free cash flow from $5 billion to $5.5 billion. This might be lower than prior projections, but the return of solid guidance following damaging industrial action is likely good news for investors.
Discover why Ford's reinstated 2023 guidance matters to retail investors —>
👀 Reddit Inc Eyes Early IPO Amid Market Reopening
Reddit Inc. is currently engaging in discussions with potential investors for a possible initial public offering (IPO), a move eagerly anticipated by those keen on new market listings. Based in San Francisco, Reddit, known for its role in the 2021 meme-stock surge, is considering an IPO potentially in the first quarter.
Discover how you can take ad Reddit IPO opportunity —>
💵 Shein Targets $90 Billion IPO Valuation Amid Market Volatility
Shein, the Chinese-founded fast-fashion giant, has confidentially filed for an IPO in the U.S., marking a significant step in its global expansion plans. The company, last valued at $66 billion, might commence public trading as early as 2024. Its valuation remains a hot topic, with Shein and its advisors engaged in ongoing discussions.
Unpack Shein’s strategy and delve into their IPO —>
💅🏻 Ulta Beauty Exceeds Q3 Forecasts with Strong Earnings
Ulta Beauty's Q3 results exceeded expectations, with a notable EPS of $5.07 surpassing forecasts, revenue hitting $2.49 billion, and a 4.5% rise in comparable store sales, signaling strong market presence and consumer appeal.
Discover key insights from Ultra Beauty’s Q£ Results —>
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The High-Potential US Stock Targeting India's Tech-Hungry 1.4 Billion People.
QYOU Media Inc. (OTC: QYOUF) (TSXV: QYOU) is a unique entertainment business offering retail investors a chance to invest in India’s exciting growth opportunity. Ample public market evidence backs the conviction that India's financial landscape will one day mirror China's meteoric rise over the past two decades. Therefore, QYOU’s current positioning in India strategically locates it to capitalize on this impending growth. QYOU’s experienced and connected leadership team is aligned with shareholder goals.
Explore this growth investing opportunity —>
Investing Signals
📈Top 5 Gainers in the last 7 days
Garden Stage Ltd. GSIW 0.00%↑ - $9.59 (+139.75%) – This Hong Kong-based financial services company experienced a significant surge in its share value, during Friday trading on the NASDAQ. This rise followed the company's IPO at $4 per share, more than doubling in price during the session.
Newegg Commerce, Inc. NEGG 0.00%↑ - $1.80 (+42.86%) - This Californian global e-commerce leader for technology products, improved its advertising profitability by 10% within two months after implementing Shirofune, an advertising automation tool, resulting in an 18% increase in clicks, partly due to integrating with GA4 sales data.
Elastic N.V. ESTC 0.00%↑ - $110.20 (+37.13%) – Elastic raised its revenue and profit forecasts, reflecting the positive impact of generative artificial intelligence on the data analytics company's performance.
UiPath Inc. PATH 0.00%↑ - $25.04 (+26.72%) - UiPath's stock surged following an earnings report that exceeded expectations and the integration of generative AI into its offerings.
Immuneering Corp. IMRX 0.00%↑ - $8.27 (+26.07%) – This clinical-stage oncology company saw its stock rise following Needham's initiation of coverage with a Buy rating and a price target of $20.
Note: Figures from StockAnalysis.com - Settings: Market Cap > $100M, Stock Price > $1, Period last 7 Days. All prices are correct as of pre-market on 4 December.
📉Top 5 losers in the last 7 days
Incannex Healthcare Ltd. IXHL 0.00%↑ - $5.23 (-34.54%) – The Incannex stock price dropped significantly, likely due to market reactions to the complexities and potential uncertainties associated with its redomiciliation process from Australia to the United States, impacting investor sentiment.
PROOF Acquisition Corp I PACI 0.00%↑ - $14.60 (-27.00%) – This stock likely dropped on Friday due to investor reactions following the approval of its business combination with Volato, Inc., possibly reflecting concerns about the merger's prospects or market conditions.
Cartesian Therapeutics Inc. RNAC 0.00%↑ - $0.99 (-26.67%) – A likely reason for the share price drop could be the market's reaction to the reverse merger with Selecta Biosciences.
Genesco Inc. GCO 0.00%↑ - $31.36 (-16.08%) – A reported decrease in net sales and a significant drop in GAAP EPS from continuing operations could suggest reasons for this share price drop.
Sight Sciences, Inc. SGHT 0.00%↑ - $2.90 (-14.96%) – The stock dropped at the end of last week after enjoying a significant rise over the past month. Staffan Encrantz, founder and chairman of Allegro Investment Fund, has increased his beneficial ownership in Sight Sciences, Inc. to 12.7%.
Note: Figures from StockAnalysis.com - Settings: Market Cap > $100M, Stock Price > $1, Period last 7 Days. All prices are correct as of pre-market on 4 December.
Stocks Trending on Google Search
Google Search trends are a good indicator of investor trends and interests and a good indicator of stocks you should research to see why they are popular and whether this is a good investment for you.
Redhill Biopharma
RDHL 0.00%↑
Google Search Interest: Breakout
Redhill Biopharma's stock is experiencing a decline today, following a significant rally earlier in the week. This surge was fueled by positive news from the FDA. The current downturn in stock price appears to be a normal market correction following its recent sharp increase.
Minim Inc
MINM 0.00%↑
Google Search Interest: +2,850%
Investor interest in MINM stock has risen due to unusual trading activity and increased market price, despite the company's lack of awareness of any undisclosed material information that could account for these changes.
Hawaiian Airlines Stock
HA 0.00%↑
Google Search Interest: +800%
Investor interest in Hawaiian Holdings has risen due to Alaska Air Group's agreement to acquire the company for $1.9 billion, recognizing its valuable routes and potential for future profitability despite recent challenges.
Alternate Investing Signals
r/WallStreetBets
Marathon Digital Holdings Inc - MARA 0.00%↑ – Mentions: 51
Investor interest in Marathon Digital Holdings MARA 0.00%↑ is increasing due to the broader bullish sentiment in the cryptocurrency market, especially as Bitcoin, the currency mined by Marathon, continues to reach new heights.
SoFi Technologies Inc - SOFI 0.00%↑ – Mentions: 14
Investor interest in SoFi Technologies SOFI 0.00%↑ is increasing due to its decision to exit the cryptocurrency business amid a broader industry recovery and significant acquisitions by prominent investors like Cathie Wood's ARK.
Top Reads
🤔 Why are Swedish Tesla workers striking and how could they impact the business? The Guardian’s Heather Stewart finds out more.
💳 Are American consumers finally curtailing their spending? Bloomberg’s Katia Dmitrieva thinks so.
💪 Private credit has become a powerhouse. Find out how from Bloomberg’s Silas Brown and Davide Scigliuzzo.
🇺🇸 The United States has made a new move in its battle to block Chinese EV manufacturers from dominating the market. The Financial Times’s Amanda Chu has more.
Meme of the Week
