It may sound crazy . . . Biggest pandemic since 1920 sparks crazy IPO boom.
Honestly, I was shocked to see this.
Usually, an economic crisis causes a lasting stock market crash (NOT this time). Yet this stock market crash was brief. And the V-shaped recovery has been huge.
That means indices such as the S&P 500 are actually positive for the year.
The sharp rebound is encouraging investors to jump into high-growth stocks. And that’s encouraging a new wave of stocks to go public.
That’s why IPOs are booming in 2020 – with 43% average profits!
Plus, recent IPOs are surging. Check out the chart of the Renaissance IPO ETF (NYSE: IPO).
It’s up 127% since the March low – posting 3X bigger returns than the S&P 500:
The strong stock market is causing a flood of new IPOs.
Right now, there’s a backlog of 92 companies waiting to start trading. And these stocks could “pop” 139% . . . 195% . . . and even 201% in the first day of trading.
You could wait for the IPOs . . .
Or pick up shares just a few days before these IPOs start trading.
It’s the Billionaires’ Pre-IPO Secret. And firms including Goldman Sachs, Morgan Stanley and UBS are getting their richest clients into these deals.
Click here to grab your Pre-IPO shares – starting with just $10.
The Big News…
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30,000 People Testing This Drug
Moderna (NASDAQ: MRNA) has enrolled 30,000 people in its Phase 3 clinical trial. Dr. Anthony Fauci says that number is sufficient to get an accurate result from the drug trial. The company expects to have results from its trial before the end of 2020.
Stimulus Talks Break Down
Congress heads to August recess tomorrow. Democrats and Republicans are at a complete standstill. It appears less likely that they’ll agree to a new stimulus package. That means millions of Americans will be left hanging while Congress heads home for the next month.
Ohio Governor: Do These Tests Work?
Gov. Mike DeWine of Ohio tested positive for the virus. And then a few hours later he tested negative. The uncertain results meant that the Republican governor wasn’t allowed to greet President Trump on visit to Ohio.
NYC Mayor Extends State of Emergency
Mayor Bill de Blasio extended the New York City state of emergency for another 30 days. The original order was issued on March 12. Despite waning numbers of cases, New York remains cautious.
Grab the Next 839% IPO Winner – Before It Starts Trading
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The Coronavirus Numbers
Here are the numbers from Friday at 10 a.m. ET:
- 19,311,573 Infected worldwide
- 718,618 Deaths
- 5,035,835 Infected in the U.S.
- 12,854 Deaths in the U.S.
Stocks opened lower on Friday morning.
The latest jobs report shows that employers added 1.8 million jobs in July. That was better than economists’ expectations for 1.5 million.
The unemployment rate dropped from 11.1% in June to 10.6% in July.
There are concerns that the pace of the recovery is slowing. The U.S. still has 13 million fewer jobs than back in February.
Rising tensions between the U.S. and China are also weighing on the markets. Last night, President Trump signed executive orders that would ban Americans from having transactions with WeChat and TikTok.
Microsoft (NASDAQ: MSFT) is in talks to buy TikTok from its parent company. And there is increasing speculation that TikTok may pursue an IPO in the U.S. to satisfy President Trump.
This could allow regular Americans to grab Pre-IPO shares of TikTok – just a few weeks before its IPOs.
Go here for my urgent IPO briefing.
Health & Wealth,