Over the past five years, there has been a resurgence in initial public offerings. Many companies with IPOs in the past few years continue to bleed cash at alarming rates.
Douglas A. McIntyre Tuesday's top analyst upgrades, downgrades and initiations include Ally Financial, Corning, Enterprise Product Partners, Kinder Morgan, Twitter and Aerie Pharmaceuticals.
Given that we are now trading at a historically high 18 times trailing earnings, if yields spike higher on any whiff of inflation and rate increases, we could be in for a…
