payment, online payment, card payment-4334491.jpg

Today in the Market (2/20/2024)

Good Morning! On Tuesday, U.S. equities ended the day with losses as investors awaited earnings reports from major retailers to gauge consumer strength amid uncertainty over the likelihood of a smooth economic slowdown.

The S&P 500 and the Nasdaq were red all day by 0.60% & 0.92%, respectively, while the Dow Jones only decreased by 0.17%.

WALMART AND VIZIO?

Walmart (WMT) is enhancing its advertising and media operations to rival Amazon Prime (AMZN). But how? The business announced its intention to purchase Vizio (VZIO), a smart TV manufacturer, for $2.3 billion, equivalent to $11.50 per share. According to experts, this action is expected to expedite the growth of Walmart’s retail media company, Walmart Connect, which increased fourth-quarter revenues by 22% compared to the previous year in the US.

But there’s more! Walmart will use TV viewing statistics to promote its items across its many platforms. The shop may potentially engage in direct e-commerce sales via the linked TV platform, seizing a significant opportunity due to the ongoing trend of people abandoning traditional cable services. This move would also enable the retailer to get more data on its audience and customers.

What else? The biggest retailer in America said that it views Vizio as a significant opportunity for data and advertising influence. Also, Vizio’s stock rose by over 15%, while its competitor Roku (ROKU) dropped by around 7% due to investor speculation about a potential loss of market share in the streaming technology sector.

CAPITAL ONE "DISCOVER" AN OPPORTUNITY

payment, online payment, card payment-4334491.jpg

Speaking of deals… Capital One announced its acquisition of Discover Financial Services in a $35.3 billion megadeal that may impact how consumers choose their credit cards. A merger between Capital One and Discover would result in Capital One becoming the top credit card firm in the US based on loan volume, surpassing JPMorgan and Citigroup. Also, it is one of the biggest deals in the banking industry since the 2008 financial crisis.

Why Discover, though? Discover is a unique company that issues credit cards and also maintains a payment network, enabling transactions between issuers and retailers. Capital One CEO Richard Fairbank expressed his intention to create a competitive payments network by including Discover, aiming to rival industry giants like Visa and Mastercard.

However, it won’t be that easy… Authorities will closely examine this transaction to check for antitrust issues. As of last week, Consumer Financial Protection Bureau Director (CFPB) Rohit Chopra had warned about the lack of competition in the credit card market, which this deal would rank as the sixth-largest bank by assets.  

Scroll to Top

Where Are You On Your Investment Journey?

Rise

Run

Relax

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

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

Contact Us

Name
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?