🎙️ Breaking Up Apple

[5 minutes to read] Plus: The end of 5% cash returns?

By Matthew Gutierrez and Shawn O’Malley

The IPO market is back, baby! 🥂

Reddit, known as the “front page of the internet,” cashed in on that reputation; it priced its shares at the top of its target range (between $31 and $34 per share), allowing the company to raise almost $750 million.

Even better: Once trading opened to the masses, Reddit’s stock jumped another 50% — a strong signal that investors once again have an appetite for new stock listings, especially for the first major social media company to go public in five years.

💭 By the way: Yesterday, we offered the next 20 sign-ups for We Study Markets Pro (30-day trial), a free copy of Howard Marks’ timeless book, Mastering the Market Cycle. We’re extending that offer again today

Sign up for our Pro market research and claim your copy of Mastering the Market Cycle.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

  • DOJ sues Apple over iPhone monopoly

  • Is the era of 5% returns on cash ending?

This, and more, in just 5 minutes to read.

POP QUIZ

What’s the worst-performing stock in the S&P 500 so far this year? (The answer is at the bottom of this newsletter.)

Chart of the Day

Preview of our We Study Markets Pro research; click to sign up for more and get a free copy of Mastering The Market Cycle

Subscribe (for free) to keep reading!

This content is free, but to read the rest of this newsletter, you must be subscribed to We Study Markets.

Already a subscriber?Sign In.Not now