Market Insights

One of the biggest IPOs in recent history reports earnings tonight, with investors looking for a big turnaround.

Uber Technologies (UBER) has risen about 40 percent from its November lows. The ride-sharing giant’s rally accelerated in January on hopes management would rationalize its sprawling businesses.

UBER started delivering a few weeks ago by shedding its Indian subsidiary. Morgan Stanley also predicted stronger earnings would lift the stock more than 50 percent. UBS followed with a bullish call on January 28.

That makes tonight’s report a key moment for UBER. The company went public nine months ago with initial fanfare. But, then it was forced to downsize as buyers worried it was overpriced.

Pinterest (PINS) also reports earnings this afternoon. PINS has rebounded lately on optimism it’s gaining market share in the U.S.

Accessing IPOs

Today’s earnings also bring attention back to initial public offerings (IPOs), which have grown more active as the stock market climbs to new highs.

Did you know the IPO market had its busiest December ($2.8 billion) since 2014? The deals continued in January, with an additional $2.2 billion, according to ClickIPO.

Here are some of the deals available on its mobile app, which gives TradeStation clients access to the IPO market:

• F5 Finishes (FLRZ): The maker of commercial flooring plans to raise about $38 million tomorrow.
• Zhongchao (ZCMD): The Chinese provider of health-care information plans to raise about $15 million on November 21.
• Applied Genetic Technologies (AGTC) plans to issue 6 million shares in a follow-on offering. The biotechnology firm has more than doubled in the last two months.