Recently I told readers about why most investors would be better off staying far, far away from IPOs like Lyft (Nasdaq: LYFT). Since then, we’ve seen two other much-hyped companies — Pinterest (NYSE: PINS) and Zoom (Nasdaq: ZM) — go public. If you missed that piece, I encourage you to go back and read it in full. But rather than spend any more time making my case for why these IPOs can be major distractions for individual investors (and may even be the sign of the beginning of the bull market’s end), I’d rather tell you about a stock you… Read More
Recently I told readers about why most investors would be better off staying far, far away from IPOs like Lyft (Nasdaq: LYFT). Since then, we’ve seen two other much-hyped companies — Pinterest (NYSE: PINS) and Zoom (Nasdaq: ZM) — go public. If you missed that piece, I encourage you to go back and read it in full. But rather than spend any more time making my case for why these IPOs can be major distractions for individual investors (and may even be the sign of the beginning of the bull market’s end), I’d rather tell you about a stock you should consider buying instead. In fact, it’s one of the most recent additions to my Maximum Profit portfolio. I normally don’t make a habit of revealing my premium newsletter picks. But I will make an exception today, if only to prove that there are plenty of stocks out there that have big-time potential outside of the latest risky IPO. My Latest Maximum Profit Pick Founded in 2007, Zendesk (NYSE: ZEN) provides software-as-a-service (SaaS) products that help organizations and customers build relationships. #-ad_banner-#Since the company went public in 2014, it’s been on an incredible growth trajectory. That first year as… Read More