Latest posts by Michael Vodicka (see all)
- S&P 500 Up 15% in 2019 – More Gains in Q4? - October 3, 2019
- US Stocks Ready for New 52-Week High – Does China Still Matter? - September 13, 2019
- S&P 500 Just Below the 52-Week High – Rebound or Head Fake? - September 8, 2019
A flurry of really cool stock IPO’s began trading on the NASDAQ exchange in the last week and I want my clients to know about all of them.
Here’s a quick run down on all three – if anyone is interested in discussing please send me an email or give me a call.
A Silicon Valley Tech Monster Valued at $18 Billion Goes Public
Shares were expected to start trading at $26, but first trades went off at $38, indicating strong demand from investors. Shares are down about 10% from the all-time high, but are still up almost 40% from the expected IPO price. Long-term Slack is an excellent technology company that investors should keep an eye.
An Israeli Technology Company is Driving the ‘Gig Economy’
Shares of Fiverr began trading on the NASDAQ on June 13. Shares are off to a slow start falling 30%. But long-term I am expecting to see lots of sales growth and I like the valuation.
This Discount Grocer is Selling ‘Extreme Value’
Grocery Outlet has a market cap of $2.6 billion. With sales of $2.5 billion in 2018, its price-to-sales ratio is the lowest of the group at just 1. While I don’t see mega sales growth happening here, for ‘value investors’, this is a compelling stock.
Grocery Outlet began trading on the NASDAQ exchange on June 20. Shares are up 5% since then. Take a look below.
Disclaimer: This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading.