KEY POINTS
New regulations in China and declining retail sales dampened the market today.
Recent IPO stock Monday.com (MNDY) and GreenVision Acquisition (GRNV) jumped today. Get exposure to new IPOs in the U.S. and internationally with these ETFs! OVERALL MARKET
New regulations in China and declining retail sales dampened the market today.
The market indices ended the day in the red across all three indices.
While there weren’t any huge stories moving the market, there were some small developments that held back the indices. Chinese stocks listed on U.S. exchanges were hurt once again by new regulations coming from the Chinese government. The new rules are meant to keep companies more honest and prevent corporations from gaining too much power over their competition. Stocks such as Tencent's (TCEHY), which we discussed on this show a few times, were impacted by these new regulations. Also, retail sales have been in decline based on July numbers from the U.S. Census Bureau. This is perhaps part of the return to normal in society, as people spend less time buying things and more on services and experiences. It is weighing slightly on retail stocks and the market as a whole. GET THE DAILY MARKET RECAP
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Recent IPO stock Monday.com (MNDY) and Greenview Acquisition (GRNV) jumped today.
I noticed Monday.com (MNDY) on today’s list of most-viewed stocks on Stock Card. Having worked with many different teams on various projects before, the collaboration software company is very familiar to me! The company posted some great earnings, including a 94% growth in revenue. It sounds like the company is capitalizing on the work-from-home trend that has got so many teams communicating and collaborating online. One statistic, in particular, caught my eye: The number of paid enterprise customers with more than $50,000 in annual recurring revenue was up 226%. This means Monday.com is acquiring larger clients, which accelerates and sustains growth. You may have seen some of Monday.com's advertisements on YouTube. Their platform is as sleek as their ads. This is a stock worth adding to your watchlist.
Monday.com happens to be a recent IPO, having only gone public in June. Speaking of which, I found another new IPO on the winner’s list today on Stock Card. GreeVision Acquisition (GRNV) has made it to the top of the list. This is a SPAC that will acquire and merge with Helbiz, Inc. The deal was announced in February but the company will now be listed under the ticker #HLBZ. Helbiz is a micro-mobility company, it generates revenue through e-scooters, e-bikes, e-mopeds, and its associated app. Generally, I have a negative view of e-scooter stocks. There are too many e-scooter companies, they’re hard to differentiate from each other, and it doesn't help to see scooters left alone on the sidewalk across large cities such as LA and San Francisco. Unless I see very impressive operational numbers from this new SPAC merger, I'm sitting on the sideline. ETF SPOTLIGHT
Get exposure to new IPOs in the U.S. and internationally with these ETFs!
As you know, you can get the list of companies by their IPO date on Stock Card. All it takes is typing IPO in the search bar to get the 2021 IPO list. There are 1477 companies here, It’s great to filter through for your research.
When I searched “IPO” to pull up the 2021 IPO collection, I also noticed that there were multiple IPO ETF funds. Take a look at Renaissance IPO ETF (IPO), which holds recent IPOs as 80% of its assets. Based on its ETF Card, it has high performance risk but has outperformed the market. It makes sense to see the high-risk, high-reward nature of this fund. Another similar IPO is the Renaissance International IPO ETF (IPOS). This fund gives you exposure to the most significant non-U.S. listed newly public companies. Considering the record-high number of IPOs this year, the combination of these two ETFs can give you good exposure to global IPOs, and save you the hassle of picking which IPOs to buy. For me, for example, seeing stocks such as Oak Street Health Inc (OSH), Change Healthcare Inc (CHNG), BridgeBio Pharma Inc (BBIO) on the top 25 holdings of IPO ETF shows the benefit of investing in this fund. These are stocks I have never looked at. What about you? Do you see any benefits in investing in the IPO and IPOS ETFs? Let's talk in the comments on our YouTube channel and Facebook. FEATURED PARTNER PORTFOLIOS
Stock Card partner Brian Feroldi breaks down Shopify (SHOP) in his newest video.
Okay guys, one last thing before we end today’s daily recap. You know that here at Stock Card, we like to partner with smart and talented investors who can share their expertise, and help us all succeed. Brian Feroldi & Brian Stoffel run a Youtube channel where they break down and analyze stocks that have potential to be a great investment.
Today, Brian released a video where he and Stoffel picked apart Shopify (SHOP) stock, which has been a favorite of mine for a minute now. I would highly recommend that you check out their video! Both Brians are intelligent investors who share their portfolios on Stock Card on the Stock Picks page. Brian Feroldi runs two: a Quality Checklist Portfolio and an interesting Anti-Portfolio, which consists of the stocks he reviews but doesn’t think quite stack up. Brian Stoffel also has two portfolios: Fragile Portfolio andAnti-fragile Portfolio. Make sure to follow them both on Stock Card to be notified when they add a stock to their portfolios. WANT TO RECEIVE THIS DAILY STOCK MARKET RECAP IN YOUR MAILBOX?Comments are closed.
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