Why I’m ‘Root’-ing for This Insurance Stock

Hey team, Root (ROOT) was the one IPO that caught my attention the most this week and I think it has potential moving forward.  As an online insurance provider, it looked similar to homeowners, renters, and pets insurer Lemonade (LMND).  Now, the overall market pulled back severely on Tuesday, the day of ROOT's IPO. That meant that Root didn't have the context to skyrocket like Lemonade (LMND) did during its July debut.  And that's despite the fact that Root was only being valued at a 6x multiple while LMND was valued at 10X — hence, a discount.  So the first day chart didn't look as strong as I hoped, but I still think it showed some good signs of relative strength given the overall market was way down.  I want to share a little bit more about the company and then reveal under what conditions I'm looking to trade it.   Continue reading... Ben Sturgill P.S. Just this past month, I've taken 10 triple digit winners* on my IPO trades— including hot tech stocks like CRWD, NET, and FROG.  Because the IPO market has been so strong lately— the Renaissance Capital IPO ETF is up 9X the S&P 500 this year— For the first-time ever, I'm offering a special quarterly price so that you can test drive my IPO Payday service.  *Results presented are not typical and may vary from person to person. Please see our Testimonials Disclaimer here: https://ragingbull.com/disclaimer RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Click Here to stop receiving emails from ben@dailyprofitmachine.com Unsubscribe from all RagingBull emails DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/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. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication.