SpaceX IPO, Inflation Report
Digest more
Investors step into the week after a Friday that saw markets reprice toward an interest-rate hike this year, pushing all three major indexes deeply into the red. A SpaceX IPO, Oracle earnings, and more inflation readings will test traders' resiliency.
SpaceX has officially filed its S-1 prospectus with the SEC, confirming plans to list on the Nasdaq under the ticker SPCX, with pricing expected on June 11 and public trading beginning as early as June 12,
The following new stocks to watch admittedly may never deliver those kinds of gains. But there is undoubtedly interest in growth-oriented companies that have recently tapped public markets to finance their big plans for the future.
A rangebound trading period shortly after a stock’s debut can allow volatility to cool and offer investors a safer way to buy in.
Elon Musk's rocket and sattelite firm will make IPO shares available on platforms such as Fidelity, Robinhood and Charles Schwab.
"Investors that ultimately become successful typically spend far more time researching fundamental factors such as competitive position and growth estimates, rather than focusing solely on getting caught up in the 'momentum' surrounding the IPO," Bahlmann noted.
Next week’s stock market catalyst watch: earnings, CPI/PPI, Fed blackout, IPO buzz, ex-dividend dates, and key conferences.