Companies that went public via direct listing are beating the market average – and anything that beats the market deserves a closer look. Last week, Warby Parker, the e-commerce eyewear retailer, announced plans to go public via direct listing – the 11th company to do so.
May to October is historically the weakest months in the market. Since 1896, the Dow (index of 30 largest companies in the US) had an average return of: 5.2% (Nov-April) and 2.1% (May-Oct).
This led to the old saying — sell in May and go away. But how has that worked out in 2021? Terribly.
Bad news Erin — insurtech companies prevented those scams. But they’re failing to protect investors from their tanking stock prices this year. Still, when a stock falls low enough, it starts to look like a bargain.
Three companies, Match Group (NASDAQ:MTCH), Ceridian (NYSE:CDAY), and Brown & Brown (NYSE:BRO) are joining the S&P 500, an index containing 500 of the largest US companies.
What might be more addictive than tobacco is the sweet 7.4% dividend yield paid by tobacco giant, Altria. But some investors might have to quit cold turkey. On September 9th, the FDA will announce which vape products can stay on the market – deciding the fate of hundreds of tobacco companies in the process.
Once your gaming company makes billions, what’s the next step? Launch a billion-dollar e-commerce company. That was Sea LTD’s game plan — becoming the most valuable company in Southeast Asia in the process.
What’s next? World domination, starting with Latin America.
