3 Recent IPOs In Buy Range With Roku On Deck: Investing Action Plan

Here’s your Investing Action Plan for Thursday: what you need to know as an investor for the coming day.

[ibd-display-video id=2322987 width=50 float=left autostart=true] The disappointing performance of Snap ( SNAP ) and Blue Apron ( APRN ) shares since going public has cast a shadow over the IPO market this year. But other new issues are doing better – with Square ( SQ ), Trade Desk ( TTD ) and Ichor Holdings ( ICHR ) in buying territory, while Roku’s (ROKU) debut could add some buzz to overall sentiment.

Stocks To Watch

Mobile payment company Square was up 2.3% at 28.24 in afternoon trading on the stock market today , retaking a 28.07 buy point after breaking out from a cup base earlier this month.

Automated advertising technology provider Trade Desk rallied 4.5% to 58.54, also back above an entry of 57.97 after initially clearing that mark two weeks ago.

Chip-gear maker Ichor surged 8.8% to 25.83. While that move puts it beyond buy range from an earlier 24.40 double-bottom entry, it is in range from a new cup-with-handle base with a 25.41 buy point.

After the close Wednesday, Roku looks to raise about $204 million by offering 15.7 million shares at a price range of $12-$14, giving it a fully diluted market valuation of about $1.5 billion.

Research firm IPO Boutique said its channel checks currently reveal that, according to underwriter guidance, the deal ” continues to be well-oversubscribed .”

IBD’S TAKE:The biggest stock market winners typically make their major price moves within a few months or years of their initial public offering. So it pays to identify and track companies that are getting ready to go or have recently gone public. Learn more at IBD’s IPO page . IBD also focuses on the best-performing IPOs of the past three years in itsIPO Leaders column .


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The Dublin-based global tech consulting and services company reports fiscal Q4 earnings before the market opens.

Estimates: EPS to climb 12% to $1.47, with revenue rising 6% to $9.01 billion, according to Zacks Investment Research.

Stock: Shares edged up 0.2% to 137.08, a day after setting a new intraday high of 138.70 then reversing lower.

Accenture (ACN) has been pushing into digital, cloud and security services. Last month, Apple (AAPL) added Accenture to its roster of partners to drive iPhone and iPad usage deeper into large businesses and other enterprises.

Accenture will set up iOS studios in select locations around the world, with experts from Apple co-located on site. The two companies will develop new tools and services to help Accenture’s enterprise clients better engage with their customers who use iPhones and iPads.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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