UBER

Uber Technologies Inc

Three Market-Driving Events This Week

One: The S&P 500’s 50-Day Moving Average Is in Play Last week’s strong finish put the S&P 500 and tech-heavy Nasdaq 100’s 50-day moving average in play. If you’re not familiar, the 50-day moving average of these indices is one of the most watched technical trendline. This single trendline embodies the saying “the trend is […]

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Stocks

The Impossible Foods IPO Will Rise with This Secret Ingredient

The Impossible Foods IPO is coming.

And if it's anything like the Beyond Meat Inc.

(NYSE: BYND) IPO, you will want to pay attention.

Beyond Meat Inc.

(NASDAQ: BYND) popped 254% in the first three months trading on the NASDAQ.

Typically, as IPOs go, you might have expected a steep decline afterward.

Sure, we saw a decline as the IPO hype backed off.

But it wasn't all that major.

Since IPO, Beyond Meat is still up around 160%.

That's because everybody still expects the plant-based meat trend to be massive.

And Impossible Foods may have just what it takes to do even better than Beyond Meat...

IPOs

Here's Whether Lilium Stock Is a Buy After the IPO

"Flying cars" used to be an example of technology so far off, you wouldn't see it in your lifetime.

A Munich-based company called Lilium is changing that.

It's making "The Jetsons" real.

Retail investors are itching for a chance to get in on Lilium stock.

That might take a while.

No Lilium IPO date has been set yet.

But you want to keep this on your radar for when it goes public.

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IPOs

Is DoorDash Stock a Buy After the IPO?

The DoorDash IPO is here. And in a year where the economy has struggled and IPOs have been sparse, this one might have something going for it.

Today, we'll show you whether DoorDash stock is a buy after the IPO or not.

Though the IPO market slowed down in response to COVID-19, the food delivery business promised a different outlook.

Everyone was ordering food delivered to their houses.

Lucky for DoorDash, the company is in the food delivery business.

And it's one of the leading names in the business.

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IPOs

Is the DoorDash IPO Worth Investing In?

A 31% drop on the S&P 500 gave many businesses a dim outlook in March.

The IPO market slowed down tremendously as a result.

What didn’t slow down, however, was online delivery.

An unprecedented amount of online orders were being placed during lockdowns.

Amazon had to hire 75,000 more workers to meet new demand.

As part of this trend, people were also eating out far less (if at all).

And companies like DoorDash came to the rescue.

That’s why this company hasn’t had the same hiccup as the rest of the IPO market since it announced a potential IPO in February.

Now, a DoorDash IPO is imminent as the company maintains its goal of going public before the end of Q4.

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Trading Strategies

Here's the Only Way to Profit from the Market "Bandwagon"

Ever heard the term "bandwagon fan"? Take the Pittsburgh Steelers, for example. They're the best football team in the NFL from where I'm standing.

But the Steelers were a steamrolling, unstoppable NFL "dynasty" in the 1970s. The Pro Football Hall of fame notes (and I can confirm), "Eight consecutive playoff berths, seven AFC Central titles, and four AFC championships from 1972 to 1979. The Steelers became the first team to win four Super Bowls and the only team to win back-to-back Super Bowls twice."

But the wheels fell off in 1980. The team went through a 26-year championship drought, until 2006's Super Bowl XL when – don't you forget it – the Steelers became the first wildcard team in the NFL to win three playoff road games and the championship. I stuck with 'em for those long years, but who knows how many fans went elsewhere.

Of course, those bandwagon fans came running back after the 2006 championship. You never want to be called a bandwagon fan because, let me tell you, Super Bowl XL felt a whole lot better for people like me, who'd stood by the team for those 26 dark years.

No wonder one of my 10 Commandments of Trading is: "Avoid running with the crowd." In other words, stay off the bandwagon unless you're actually in the driver's seat.

That's an approach that's made me one satisfied sports fan, but, more importantly, a really successful (read: "really wealthy") trader… Full Story

That's an approach that's made me one satisfied sports fan, but, more importantly, a really successful (read: "really wealthy") trader...