Today we are watching…
1. Lyft (#lyft)
After its record breaking IPO on Friday, Lyft has made its way into the Invstr app with a bang, falling 10.37% from its peak at $86.75. This week will be an important benchmark for the company and its main rival, Uber, whose IPO is set to hit the markets in the not too distant future. 2018 saw the majority of IPO’s fall hard from their initial price in the first few weeks following their listing, so be prepared for a volatile week with this one. Companies, such as Mclaren, Pinterest, Slack and Airbnb with upcoming listings will be watching closely for signs of strength in the IPO market…And so should you!
2. Viacom (#viacom)
US media company, Viacom, will look to continue its solid run of form after sealing a new carriage deal with AT&T last week. Shares in Viacom rose 6.43% for the week and look primed for more upside after receiving an analyst upgrade from Loop capital. The company is currently trading roughly 20% below its 52 week high and analysts are beginning to turn bullish on its prospects in 2019. Worth keeping an eye on!