The IPO market has been pretty mixed lately. While some offerings have soared — like Shake Shack (SHAK), Fitbit (FIT) and Shopify (SHOP) — many more have flopped. Then again, the overall market has seen an uptick in volatility.
Meanwhile, notable earnings disappointments — such as Etsy (ETSY) — have jarred the confidence of Wall Street. And with the S&P 500 down more than 4% since Monday, even some of the sturdiest stocks have been getting battered — to say nothing of fragile new stocks.
Yet, underneath all this mayhem, perhaps there are some interesting stocks to buy? Well, I think so. As I have always preached at the IPO Playbook, patience pays off for investors. Read