
Rally Watch 6/29/23
Halftime Report
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The Capital Markets Play in the IPO Market
Zimmerman is gaining market share. They have huge backlog that supports growth in the mid to single digit organic growth. At 15 times earnings, I think the stock is still tractively valued. The capital markets plays are going to outperform the pure big regional banks as we're just talking with Bob Hosani about the IPO market. That plays right into the hands of Goldman Sachs and Morgan Stanley.
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