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- Mar 22 Stock Market update: Do Reddit and Aster Labs IPOs signal an uptrend for all IPOs?
Mar 22 Stock Market update: Do Reddit and Aster Labs IPOs signal an uptrend for all IPOs?
$INFA $SCHW
Mukund Mohan
March 22, 2024
Market
"Reddit $RDDT popped 48% on day 1, and $ALAB Aster Labs popped up 50%+ on day 1 of their IPO signaling a potential turn in the IPO window for many startups” 😮 🤤
Mixed day with NASDAQ positive, but Dow and SPY down for the day
The NASDAQ was stronger with Google and Nvidia powering ahead, and Nvidia likely to get to $1000 - $1100 next month.
After 2 weeks of negative index movement, we are back into the positive
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Technology still positive for the week, with a strong move from most mega caps
After a 2 week downward move, the market wants to get higher and will continue its move, given the dovish commentary from the Federal Reserve.
Insights from my portfolio
Video of the day
Today’s video is on Oscar Health a Medical insurance and Medicare insurance company.
Deep dive of the day
Good setups for swing
$SCHW Schwab to $76 and then $81 on strong momentum
Informatica $INFA to $37 and then $41