Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss how the big banks are putting Twitter stock on sale, and whether investors should buy once it hits the market.
Liquidity moves markets!Follow the money. Find the profits!
Big banks, such as JP Morgan Chase (NYSE: JPM), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), are now offering big discounts on the fees they charge for selling Twitter stock. The fee rate for Twitter shares is 3.25% – only half of the average fee charge of 6.5%.
But does Twitter stock being on sale make it a good buy?
Watch the video as Fitz-Gerald explains why the banks are discounting, and most importantly, whether investors should take the bait on the Twitter IPO:
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