, are companies without profit. Beyond is not projected to generate quarterly income until the third quarter of 2020, according to FactSet estimates.
"Also, the IPO ETF has outperformed the S&P by quite a bit over the last few years. It's up over 100% since early 2016, which is up almost twice as much as the S&P," said Maley., which holds stocks that have gone public within the past two years, is up nearly 38% this year, while the S&P 500 has added 16%.
"But, the thing that concerns me the most is that a lot of these companies are not brand-new companies like they were back in the last bubble. They're companies that have been around for quite a while, and when smart people sell their company or take them public it's usually a sign of a top," said Maley.
TradingNation It will never be in my mouth
TradingNation Get out while you can
TradingNation Long $BYND because shorting is what makes sense at the moment