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Lyft just left Uber in the dust.
Over the last week, the company filed to raise up to $100 million in a public offering, and will soon list on the NASDAQ under the ticker, “LYFT.”
However, there’s good news and bad news with LYFT.
Global sales of marijuana are expected to grow like a weed in 2019.
And it may just fuel another substantial rally in related stocks.
According to Arcview Market Research and BDS Analytics, spending on marijuana could grow 38% this year to $16.9 billion from $12.2 billion in 2018, and from $9.7 billion in 2017.
The odds are stacked against you as an investor.
You have a job. You have a life. You just don’t have time to investigate opportunities like a professional analyst who covers 10 stocks, visits the companies, talks to management regularly, and pores over word of quarterly earnings conference call.
Bankers are confident that 2019 will be another strong year for IPOs.
That’s according to a new BDO USA survey that found that 71% of capital market executives believe IPO activity will increase at, or be flat with 2018, as noted by Market Watch.
That’s not bad considering 2018 was the best year for IPO activity in about four years.