Janet Yellen, Apple's iPhone, Alibaba's IPO Are Hot Stories After Labor Day
NEW YORK ( TheStreet) -- Alibaba's initial public offering, Apple's
Alibaba will headline Wall Street activity after Labor Day, even if there are a few major M&A announcements and market hiccups on geopolitical unrest next week. The Chinese e-commerce giant is poised for what could be the largest ever stock listing on the New York Stock Exchange , and the company and its founder Jack Ma are expected to kick off their IPO roadshow just after Labor Day.
If all goes as planned Alibaba could begin trading by mid-September, in what many be an IPO for the ages. While Alibaba does over 90% of its business in China , the company's listing will be a major story for U.S. investors.
Meanwhile, underwriters Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley and Citigroup are poised for a nice bump in equity capital markets activity.
Apple iPhone 6 on Sept. 9
Normally, Apple dominates tech headlines in the weeks after Labor Day as fans of the company await new smartphone and tablet products. While Apple has been mum on what it will unveil this year, the company did send out invites for September 9. "[W]ish we could say more," was Apple's message, adding further speculation a larger phone format may be released, along with some form of wearable product.
There's been a steady rise in sentiment about Apple's product pipeline and its stock in 2014, and the company's September event could prove an anchor for those expectations.
Merger Tuesday, Merger Monday
It won't shock any market watchers if there are a few deals that hit Wall Street as traders return from the beach on Tuesday. Last year, Verizon
Even without a major Labor Day merger, there will be plenty of deal activity to watch in September. Many large mergers such as AT&T's