Today in the Market (8/18/2022)

Good Evening. Following yet another bumpy session for U.S. markets, stocks ended the day higher on Thursday, with the major averages recording slight gains.

The S&P 500 was up 0.23%, the Dow was up 0.06%, and the Nasdaq was up 0.21% as Wall Street’s closing bell sounded.


Applied Materials (AMAT), a provider of semiconductor machinery, announced fiscal third-quarter profit and revenue that were above analyst expectations. As the business deals with supply issues and a significant backlog of orders, guidance for AMAT stock came in slightly above forecasts.

  • Net Sales: $6.52 billion vs. $6.27 billion expected

  • Earnings Per Share: $1.94 vs. $1.78 expected

According to Gary Dickerson, President, and CEO of Applied Materials, “Applied Materials delivered record quarterly revenue, yet ongoing supply chain challenges constrained… We feel confident in our ability to navigate macroeconomic headwinds and remain very positive about the long-term strength of the semiconductor market and our outsized growth opportunities.”

At closing, AMAT was up 2.14% at $108.27 per share. During after-hours trading, AMAT went up even more by 1.78% at $110.20 per share.


Fox, CBS, and NBC are collaborating to secure the greatest media rights agreement in the annals of college athletics. For the rights to Big Ten basketball, football, and other sports, the three broadcasters will shell out more than $1 billion per year for a period of seven years. The agreement will raise member universities’ individual compensation dramatically, bringing the conference’s payout closer to that of the Southeastern Conference.

According to a news release from Big Ten Conference Commissioner Kevin Warren, “The Big Ten Conference media rights agreements are more than just dollars and deals. They are a mechanism to provide stability and maximum exposure for our student-athletes, member institutions, and partners during these uncertain times in collegiate athletics.”

However, ESPN, which has previously televised Big Ten sports over the preceding 40 years, is not a part of the agreement. Some Wall Street experts claim that ESPN has grown more selective with its expenditures during the current sports streaming battles and will continue to have a major presence in college football thanks to the SEC’s media rights, which will be acquired after the 2023 season.

How will it play out? In addition to the linear broadcast, CBS will stream its games on Paramount, while NBC will increase its wager on streaming with eight exclusive games on the direct-to-consumer streaming service Peacock.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?