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MarketWatchSep 18, 2020
NewsWatch: Why one stock-market bull thinks it's ‘pretty absurd' to compare tech selloff to 2000's dot-com bust
History isn't repeating itself when it comes to the highflying technology stocks sector, according to one longtime Wall Street bull.

MarketWatch MarketPulseSep 18, 2020
Compass Pathways' stock debuts with a rally, as the first trade was 38% above the IPO price
Shares of Compass Pathways PLC pointed north out of the gate, as the first trade was 37.6% above the initial public offering price. The U.K.-based mental health care company said Friday that it's upsized IPO priced at $17 share, above the expected range of $14 to $16 a share. The stock's first trade on the Nasdaq was at $23.40 at 12:30 p.m. Eastern for 277,349 shares. The company sold 7.5 million shares in the IPO, up from previous expectations of 6.7 million shares, to raise $127.5 million. The company was valued at about $578.1 million at the IPO price. The stock has added to gains since it opened, to trade up 44%. Compass's bullish debut comes at the end of a busy week for IPOs, which was highlighted by Snowflake Inc.'s red-hot debut earlier this week. The Renaissance IPO ETF has rallied 20.1% over the past three months, while the S&P 500 has gained 6.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Athira Pharma's stock jumps at its open, with the first trade 17% above the IPO price (MarketWatch MarketPulse)
Unity Software's stock soars out of the gate, with first trade 44% above IPO price (MarketWatch MarketPulse)

Yahoo BusinessSep 18, 2020
Wells Fargo: These 2 Stocks Could Deliver Triple-Digit Wins
Was the recent market volatility just a fake out? After notching an all-time high on September 2, fears related to overheated valuations spurred a rapid correction, marking the first material correction of the current bull market. However, this doesn't mean the bears have been vindicated, so says Wells Fargo's Sameer Samana.Samana highlights the fact that both the S&P 500 and the NASDAQ "were able to hold above the levels we saw in June," arguing "from a higher highs, higher lows standpoint, the fact you were able to hold at higher levels than June or July is encouraging." He added, "Right away, it tells a lot to investors, nothing is wrong with the trend, we just got a blowoff and kind of a pullback."On top of this, the absorption of 10-year and 30-year Treasury issuances, recent M&A activity and easing of financial conditions like the volatility indexes and the dollar are all "helping sentiment on the day and leading to a rebound from the volatility over the past week or two," in Samana's opinion.With Samana's outlook in mind, we took a closer look at two stocks Wells Fargo is backing. The firm's analysts see over 100% upside potential in store for each. We used TipRanks' database to find out what the rest of the Street has to say.Bellicum Pharmaceuticals (BLCM)Developing high-performance cellular immunotherapies, Bellicum Pharmaceuticals wants to unleash their power against a wide range of cancers. Given the progress of its controllable CAR-T therapeutic pipeline, Wells Fargo is pounding the table on this hea

The Motley FoolSep 18, 2020
FedEx and UPS Blast to New 52-Week Highs -- But Should You Buy Now?
FedEx's strong earnings report is sending both stocks higher.
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