On Saturday, maybe you’re planning to go for a run, watch some cartoons, or make your family a nice breakfast.
For me, I’ll be up bright and early, as I am each Saturday, looking for more profit opportunities for you in the tech world. And this Saturday in particular, I’ll be checking out the latest initial public offerings.
Let me explain…
It’s rare that I don’t start working by 7:15 a.m. on Saturdays. It’s a great time to look at tech trends and screen a host of stocks when there’s no noise from the market.
And every Saturday, I try to update my list of new tech stocks.
After spending 34 years in Silicon Valley and serving as a strategic consultant to a dozen startups, tracking IPOs comes naturally to me.
I want to see if any of my “babies” have graduated.
So, I get the names of newly public tech and life sciences stocks and put them on my post-IPO tracking screen. On Saturday, July 7, alone, I had to input 28 new stocks into my online database.
I didn’t spend much time doing that in 2017, a weak year for IPOs.
But this year, this market is on fire… and my Saturday mornings are busier.
Led by the successful IPOs of tech firms like Dropbox Inc. (Nasdaq: DBX) in March, and Spotify Technology SA (Nasdaq: SPOT) in April, tech IPOs are up 92% from last year, according to a report in TechCrunch.
This turn of events is crucial for technology investors like us.