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Snowflake, Peloton and other IPO stocks are struggling this week. How to trade the weakness – CNBC



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Retail trader favorites are having a rough week.Several hot IPO stocks were hit hard in the final trading week of the year despite the broader market inching toward new record highs. As of late morning Thursday,After a record year for the IPO market, “it’s OK to see a little weakness,” JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” on Wednesday.”This was one of the best places in the market to invest,” he said, noting that half of this year’s IPOs have notched gains of 25% or more on their first day of trading.”We …

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