This Stock Could Offer a Template for Trading Lyft...READ MORE
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 | | This Stock Could Offer a Template for Trading Lyft | | | Lyft, the ride sharing service, recently filed for its initial public offering, or IPO. An IPO is when a company sells shares to the public. Until now, Lyft has been funded by private investors including venture capital firms that are set to realize large gains when the stock begins trading. [SPONSORED CONTENT] | | | 3 Hot Marijuana Picks to Buy Now In the first two months after California dispensaries started to legally sell recreational marijuana, companies in the cannabis industry increased by nearly $2 billion in value. And now Canada just legalized recreational marijuana. Savvy investors are already grabbing positions in these 3 picks that are set to soar. | |
There is often a great deal of excitement associated with an IPO and Lyft's regulatory filings have been greeted with excitement. Later this year, other tech firms are expected to go public. The list of potential IPOS includes Uber, the secretive data mining and analytics firm Palantir, Pinterest, Slack and Robinhood.
While excitement is nice, traders are looking for profits and the question they must answer is whether these newly public companies are worth buying. In the past, the results have been mixed.
Often, it takes time for a stock to live up to the initial hype and the pattern can be seen in the chart as we explain in our latest article, which updates traders on why now could be the time to buy into this stock months after its IPO. This pattern could be repeated in other IPOs so we also explain the strategy we believe could work well in the future.
We share the news that could be the catalyst for this stock and then identify a specific trading opportunity that you will find in our latest free educational article that is available right here.
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