Pinterest (PINS) announced yesterday it would issue 75 million shares for $15-17 each. Based on its 529 million share count, that translates into an overall valuation of $7.9 billion to $8.9 billion. The number immediately raised eyebrows because PINS was valued around $12 billion in the private market 22 months ago.
Alphabet (GOOGL) announced it will use the actively traded company’s chips in its new Stadia cloud-based video-game service. That could make AMD a key player in a fast-growing pastime already drawing millions of daily views.
Early leader Tilray (TLRY)
might have fallen asleep after a blistering rally in September, but others have lit up more recently. Aurora Cannabis (ACB) glowed green today, ripping 12 percent to a five-month high.
The NYSE FANG+ index ($NYFANG)
is up 2.7 percent in afternoon trading, its biggest gain since late January. That’s driving a big rally in the Nasdaq-100. Meanwhile the Nasdaq-100’s volatility index ($VXN.X) is crashing as fear leaves the market.
Yep, we’re talking about real-estate investment trusts (REITs). These companies own shopping centers, apartment buildings and warehouses… things that many clients would shrug at rather than trade. They were so dull that no one even thought to give them their own sector until a few years ago.
Tesla Motors (TSLA) has traded in a tight range since late October, even as volatility swept the broader market. Some potentially important things have happened during that time, including a so-called “golden cross” chart pattern.
After all, we’re in the fourth quarter – a time of the year with a strong bias to the upside. Consider some of these points we crunched from TradeStation’s wealth of chart data:
The last two sessions have brought a sudden flow of positive news. So far, it seems to be shifting sentiment away from trade wars and currency crises to optimism and value hunting. We’re seeing that in the euro (@EC) and emerging markets.
Apple (AAPL), which didn’t even make the Top 10 in June or July, was the busiest stock at TradeStation last month. The surge in activity came after a transformative earnings report drove the smart-phone giant into new record territory.
Some $1.5 billion of new stock came to market last month, according to data from ClickIPO. It might sound puny compared with recent totals, but it was still the busiest August in five years.