Feelin’ good

[The beef 675] [I'm an image] “More like GreatRx, amiright?” - Jeff Hey there carnivores, Markets were back on their bullsh*t. What the tech is going on here?! Today we’re talking GoodRx giving the public a taste of its medicine. Keep raging, Jeff & Jason [Image] [I'm an image] Is this good? GoodRx IPO’d on Wednesday, but unlike the prices it offers its customers, it did not come at a bargain. GoodRx, appropriately trading under the symbol GDRX, priced its IPO at $33. The prescription discount company hit the public market at $46 per share, [and gained 53%]( from the IPO price to close at $50.50. This surprised approximately zero people considering recent IPO showings. By selling 34.6M shares at its IPO price, it was able to raise $1.14B, valuing the company [at roughly $18B.]( So, why the fuss? GoodRx has done what many companies going public don’t do: turned a profit. “A what?” - Uber, Snap, WeWork... Yes, a profit, ya know, where you make more money than you spend. It’s this crazy concept that many new-to-the-market companies, and our federal government, seem to disregard nowadays. And it’s not just that GoodRx has done this once. Infact, the prescription company has been profitable since 2016, which is longer than Tesla can say. The company just turned five years old, [and turned a profit]( of $55M in the first half of this year alone. Last year, GDRX pulled in a profit of $66M. It makes money by collecting fees from pharmacies, while issuing out discount cards and coupons to customers for prescription drugs. [Ya’ll got any more of them drugs?]( Cooler Commentary It’s been quite a month for IPOs, especially in the tech sector (the techtor, if you will). The biggest to-date was Snowflakes, which went public on September 15 and became [the largest software IPO]( in history. Unity, Sumo Logic, and JFrog [continued the trend](, and appeared to have now passed the baton to GoodRx. If you missed out, join the club, but don’t be too sad, because there are still opportunities for you to mistime your investment and lose big. Peter Thiel’s [shady]( data analytics company, Palantir, caps off the month on September 30. Might want to ask your mom for an advance on the allowance now since it might take a few days to transfer to your Robinhood account. [Image] RagingBull’s Most Popular Services Just Went On Sale [Alternate text]( [Come And Get Em’]( [I'm an image] ☑️Downward spiral. The S&P nearly reached correction territory earlier this week, tech stocks have been selling off like acid at Burning Man (Ray Dalio knows what I'm talking about), and yesterday the Dow dropped over 500 points. FAANGM (yeah there’s an “M” now) stocks [were all down]( at least 1.92% on Wednesday which is a more unlikely phenomenon than you actually picking a girl up at the bar. The Nasdaq was the biggest offender, dropping 3.2% as the DOJ put pressure on tech companies to monitor the dumb sh*t their users are saying on their platforms. A fresh coronavirus wave in Europe isn’t helping things either. C’mon EU, get your sh*t together. ☑️The doctor will see you now. The financial doctor, that is. KKR announced [it is purchasing]( 1-800 Contacts from AEA for $3B. Clearly, it sees something special in the online contact lens seller. AEA bought 1-800 Contacts in 2016. The company, which has no relation to 1-800 Flowers, got a bump during the pandemic as it was one of the only places people could actually purchase contacts while doctor’s offices were closed. Somehow optometrists got grouped in with chiropractors and didn’t make the cut for essential businesses (read: "real" doctors). ☑️Pony up. Interactive Brokers isn’t f*cking around this election season. I’m sure it doesn’t have anything to do with the compliance fine it was served this summer... The trading platform is [upping its margin requirements]( (read: forcing clients to pony up more cash) for leveraged trades. IBKR which is anticipating higher than normal volatility heading into the 2020 election, will up margin requirements from 50% to 67.5%. Damn, how am I supposed to make big boy trades? But how do they know there is plenty of volatility in our future? The VIX, baby. The CBOE Volatility Index, which tracks market volatility is currently trading at $26 but is expected to reach $32 in November. ☑️Too sue-n. Tesla wasn’t going to let its disappointing battery forecast be the only bad news it put out this week. The company [is suing the US government]( in hopes of reversing the current tariffs on China imposed by the Trump administration. Elon is suing to get two batches of tariffs voided, and the funds it paid returned, plus interest. The suit claims that the administration filed its List 3 and List 4 tariffs, which included hundreds of items, without any rhyme or reason. Further, it claims that the administration did not provide companies ample time to comment on the lists and potentially appeal. Unfortunately, the move didn’t help Tesla’s stock price, which dropped 10% yesterday thanks to the details provided during its investor and battery day. Keep fighting the good fight, Elon. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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