The Dow Jones now could rise more than 100 points today, thanks to a big pop in tech stocks.
Apple Inc. (NASDAQ: AAPL) is up 10% after announcing its new iPhone.
Meanwhile, COVID cases continue to worry investors.
ADT
ADT Inc
Why "Marquee" IPOs Are a Terrible Idea for Regular Investors
The $756 million Dropbox Inc. initial public offering was a huge success, soaring 35% higher than its $28.48 debut price on the day.
It was the biggest, richest tech IPO since Snap Inc. shares hit the market last year, and it has everyone "talking IPO" again.
What is it about a Silicon Valley IPO that makes investors go all starry-eyed?
I mean, I like unreasonably large piles of money as much as the next guy… but overhyped IPOs of the moment just aren't the way to make a pile yourself.
Big-game IPO investing, where it's even possible, is almost always a loser for anyone who isn't an underwriter, institution, or corporate insider.
In fact, it's much worse than that: If you do somehow manage to get allotted shares of the Next! Big! Deal! …
...you're probably about to be taken for a ride.
What the ADT IPO Teaches Us About Making a Killing in the Markets
The ADT IPO received a lukewarm reception at best.
Of course, that didn't surprise Tim Melvin.
That's because he's watching better ways to profit in the stock market in 2018...