Market Beat | Episode #2

In episode 2 of Market Beat by Argus Research, host Caroline Wygal covers the week's biggest story: the anticipated SpaceX IPO, expected to be the largest in history, with a projected valuation around $1.75 trillion and an unusually large retail investor allocation. Caroline breaks down whether SPCX is likely to be a good value on day one (probably not) versus a longer-term investment, drawing comparisons to Microsoft, Amazon, and Meta. On the movers side: Applied Digital is up on a new 15-year computing lease, Vail Resorts slides on weak guidance, and Nuvalent surges on a buyout announcement from GSK. Quick takes cover United Rentals, GSK, and a downgrade on Prudential Financial. The Deeper Dive features Argus Chief Economist Chris Graja's economic call of the week, focused on jobless claims and what rising initial filings could mean for the labor market. For full research and information about subscriptions, please visit argusresearch.com.