Lyft IPO May Elevate JPMorgan

Written by Donnie Nguyen

March 30, 2019

lyft

The S&P 500 rose 1.2% this week and remains just 3.6% below all-time highs.

The big news this week was the Lyft (LYFT) IPO on Friday. Shares were priced at $72.00 on Thursday and ended the trading day Friday with at $78.29 – a gain of 8.7%.

Source: CNBC Article

 The successful Lyft IPO isn’t just great news for the market in general, but it’s excellent for JPMorgan Chase (JPM), who led the IPO. JPMorgan was also our March Stock of the Month.

Investors are still spooked by the inverted yield curve though.

At this time, the only adjustment I plan on making to the inverted yield curve is to beef up my emergency fund.

How are you guys handling the market? Share your thoughts by commenting below.

Disclosure

I/we are long JPM.

I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing), and I have no business relationship with any company whose stock is mentioned in this article.

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