8:55am (EST) There have been 16 IPO’s (initial public offerings) this year but things are picking as a number of companies are striking the iron before it gets really hot.  The Nasdaq and NYSE have each had 8 U.S. IPOs so far this year and companies are looking to take advantage of the market’s rebound.  Here is a few set to make their debut: Anthera Pharmaceuticals (ANTH) KAR Holdings (KAR) Rue21 Asian Financial (DYP) Cobalt International Energy (CIE) A recent IPO I profiled in the blog a little over a week ago had doubled before slipping 7% Friday.  Since I don’t do stocks and IPOs do not trade options when they first come out, it’s rare I participate in this market but I have in the past (anyone remember Rain Forest Cafe?) with some good results.  Eventually IPOs do trade options but they carry more risk because Wall Street is still trying to figure out the company.  One recent IPO I did mention recently, Tri-Tech Holding (TRIT, $14.60, down $1.07) opened at $7.80 on 9/10… From the 9/11/09 Blog: “Welcome Tri-Tech (TRIT, $8.75, up $2.00) to the investing community.  The Chinese company had its Initial Public Offering (IPO) yesterday after pricing 1.7 million shares at $6.75 apiece.  Tri-Tech’s forte is designing and customizing sewage treatment and control systems in China but it is a tiny company.  The stock can be added to your “China Watch List” but there are no options (yet) on the stock.” (END) For you stock traders, that one was on the house… Another IPO set to hit the market is…Subscribers, check the members Area to get the scoop and a possible option trade in another company in the same hot sector… Earnings for the week:   Monday:  Diedrich Coffee (DDRX, $24.84, up $1.18), Lennar (LEN, $16.54, down $0.06) and Synnex (SNX, $31.34, down $0.47).  Tuesday:  CarMax (KMX, $19.06, up $0.27), Carnival (CCL, $32.26, down $0.60), ConAgra Foods (CAG, $22.32, up $0.17), FactSet Research Systems(FDS, $62.17, down $0.18), Financial Federal (FIF, $23.76, down $0.32), FreightCar America (RAIL, $20.01, down $0.16), H.B. Fuller (FUL, $20.99, up $0.16) and Progress Software (PRGS, $22.68, down $0.37). Wednesday:  AutoZone (AZO, $152.09, up $4.72), Bed Bath & Beyond (BBBY, $39.28, up $0.47), Cintas (CTAS, $29.77, up $0.31), General Mills (GIS, $60.31, up $0.25), Paychex (PAYX, $29.68, down $0.06) and Red Hat (RHT, $25.84, up $0.38).   Thursday: American Greetings (AM, $14.94, up $0.32), Analogic (ALOG, $36.16, down $1.60), Finish Line (FINL, $9.34, down $0.16), McCormick & Company (MKC, $35.04, up $1.17) and Research In Motion Limited (RIMM, $83.62, up $0.92). Friday: AZZ (AZZ, $37.42, down $1.03) and KB Home (KBH, $20.21, up $0.52).   I’ll be back at 1pm with the afternoon update…  ]]>