There are no IPOs scheduled to price in the shortened holiday week. Although August has been particularly slow with just five deals this month, filings have accelerated with eleven deals joining the pipeline this week.
Quiet Period & Earnings AnnouncementsThe quiet periods for three recent IPOs are set to expire next week. Street research is expected for peptide-based Zealand Pharma (ZEAL: +10.0% from IPO price) on Monday and wells services provider Ranger Energy Services (RNGR: +2.9%) and yoga studio operator YogaWorks (YOGA: -30.9%) on Wednesday. Additionally, online real estate brokerage Redfin (RDFN: +57.3%) and enterprise storage company Tintri (TNTR: -9.4%) are set to report earnings results after the market closes on Thursday.
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up +26.0% year-to-date, ahead of the S&P 500, which is up +10.4%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Ferrari (OTC:RACE) and First Data (NYSE:FDC). The Renaissance International IPO Index is up +23.0% year-to-date, while the ACWX is up +17.7%. Renaissance Capital's International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include ABN AMRO Group and Worldpay.
Hot Energy Stocks To Buy Right Now: BlackRock New Jersey Municipal Income Trust(BNJ)
BlackRock New Jersey Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income which, in the opinion of bond counsel to the issuer, is exempt from regular Federal income tax and New Jersey gross income tax. The Trust will invest at least 80% of its total assets in municipal bonds. Trust will invest at least 80% of its total assets in municipal bonds.
BlackRock New Jersey Municipal Income Trust's invests in various sectors, which include hospitals, housing, city, county and state, transportation, education, tobacco, tax revenue, industrial and pollution control, lease revenue, water and sewer and power. BlackRock Advisors, LLC serves as the Trust's investment advisor.
Advisors' Opinion:- [By Max Byerly]
News headlines about Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) have been trending positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackrock New Jersey Municipal Income Tr earned a news impact score of 0.32 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 47.9578208138909 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Hot Energy Stocks To Buy Right Now: Special Opportunities Fund Inc.(SPE)
Special Opportunities Fund, Inc. is a close-ended fund of funds launched and managed by Brooklyn Capital Management LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was previously known as Insured Municipal Income Fund, Inc. Special Opportunities Fund, Inc. was formed on February 18, 1993 and is domiciled in the United States.
Advisors' Opinion:- [By Ethan Ryder]
Special Opportunities Fund, Inc. (NYSE:SPE) insider Gerald Hellerman bought 1,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was purchased at an average cost of $14.47 per share, with a total value of $14,470.00. Following the completion of the transaction, the insider now directly owns 22,793 shares of the company’s stock, valued at $329,814.71. The transaction was disclosed in a filing with the SEC, which is available through this link.
- [By Max Byerly]
Spartan Energy (TSE:SPE) insider Albert Jason Stark sold 21,706 shares of Spartan Energy stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of C$6.48, for a total transaction of C$140,654.88.
Hot Energy Stocks To Buy Right Now: Genuine Parts Company(GPC)
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Mexico, Australia, New Zealand, Puerto Rico, the Dominican Republic, and the Caribbean region. It distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items used in the automotive aftermarket, including repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals through 59 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores. The company also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation products, hoses, hydraulic and pneumatic components, industrial supplies, and material handling products primarily for food and beverage, forest products, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, and pharmaceutical industries through 533 branches, 15 distribution centers, and 46 service centers. In addition, it distributes office furniture, technology products, general office and school supplies, cleaning, janitorial and breakroom supplies, safety and security items, healthcare products, and disposable food service products to resellers through 45 distribution centers. Further, the company distributes wires and cables, connectivity solutions, insulating and conductive materials, assembly tools, test equipment, custom fabricated parts, and specialty coated materials to original equipment manufacturers, motor repair shops, specialty wire and cable users, and various industrial assembly markets. Genuine Parts Company was founded in 1928 and is based in Atlanta, Georgia.
Most have delivered sizeable gains as well. Genuine Parts (NYSE: GPC) (profiled here) is up 18.3% for the year; Air Products & Chemicals (NYSE: APD) has rallied 21.9%; and Best Buy (NYSE: BBY) (profiled here) has surged an impressive 39.3%. Most have delivered sizeable gains as well. Genuine Parts (NYSE: GPC) (profiled here) is up 18.3% for the year; Air Products & Chemicals (NYSE: APD) has rallied 21.9%; and Best Buy (NYSE: BBY) (profiled here) has surged an impressive 39.3%. Genuine Parts Co. (NYSE: GPC) is known for its Napa brand for auto parts, and it also has UAP in Canada and AutoTodo in Mexico. It also recently acquired Alliance Automotive Group for about $2 billion to become one of the larger distribution companies in Europe. The dividend hike announcement on February 19, 2019, marked the 63rd consecutive year of dividend hikes for Genuine parts. Genuine Parts Company (NYSE:GPC)Q4 2018 Earnings Conference CallFeb. 19, 2019, 11:00 a.m. ET Operator
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