đź’ł Triopoly?

A blockbuster merger could be announced as soon as tomorrow. Plus, even experts can get got.

Author

Brooks Dyroff
February 19, 2024

Happy Monday, Zingers! Even doctors can get sick. Even teachers can Google who the 16th President was. And even financial columnists can fall for phishing scams. Charlotte Cowles, a financial columnist for New York magazine, thought she was on the phone with Amazon, but ended up giving some scammers a $50k payday instead.

That makes me feel a bit better about getting “scammed” at the blackjack table this weekend. Even gamblers can lose to the house. 🤷

Last Week’s Price Action:

$SPY: -.34%
$QQQ: -1.43%
$DIA: -.05%

Also, ever wondered how you can use A.I. to trade? Today’s partner can show you, for free. Click here to check it out.

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FRIDAY’S MOST VOLATILE STOCKS
TODAY’S TOP STORY
Credit Card Snl GIF by Saturday Night Live

Briefly: Capital One is reportedly planning to acquire Discover Financial Services.

So Basically: Nothing is set in stone yet, but the Wall Street Journal reported that Capital One could officially announce a takeover of Discover as soon as tomorrow in a push to bolster its credit card offerings.

Back Up: It’s been a bumpy road for Discover. Its Q4 earnings plummeted by 62% as the company contended with issues related to lapses in compliance and risk management, which also resulted in the resignation of its CEO last year.

So What? The credit card duopoly is poised to become a… triopoly?

What Next: Read more here.

PRESENTED BY VANTAGEPOINT

While Wall Street hangs on every word of the financial news cycle, the shrewd trader should be zeroing in on the insights offered by artificial intelligence in trading.

These tools aren’t just about crunching numbers; they’re about reading the market’s pulse, cutting through the noise of daily headlines, and zeroing in on what truly drives market movements.

For traders, the compass should always point one of three ways: up, down, or sideways. Everything else?

It’s just static.

It’s not just a tool; it’s your guiding light through the murky waters of market trends, refining your trading skills.

And if "Leading Indicators" is new terminology for you - then don't want to miss this.

ONE TRADE IDEA FOR TOMORROW
Jimmy Fallon No GIF by The Tonight Show Starring Jimmy Fallon

Why These 2 Wall Street Economists 'Not Too Concerned' By January's Hot Inflation

Briefly: Despite a pair of unexpectedly high inflation reports last week, a pair of Goldman Sachs analysts are “not too concerned.”

So Basically: In a note, the analysts argued that hotter-than-expected January CPI and PPI reports were in line with a phenomenon called the “January effect.”

So Then: The analysts say inflation rates typically spike slightly to start the year, followed by a deceleration in February.

So What? A notable surprise for the analysts was the 0.56% spike in owners’ equivalent rents (OER). But the analysts noted that OER “tracks a price that nobody pays: an imputed rental payment from homeowners to themselves.”

What Next: Check out some possible ways to play the predictions here.  

PRESENTED BY VANTAGEPOINT

While Wall Street hangs on every word of the financial news cycle, the shrewd trader should be zeroing in on the insights offered by artificial intelligence in trading.

These tools aren’t just about crunching numbers; they’re about reading the market’s pulse, cutting through the noise of daily headlines, and zeroing in on what truly drives market movements.

For traders, the compass should always point one of three ways: up, down, or sideways. Everything else?

It’s just static.

It’s not just a tool; it’s your guiding light through the murky waters of market trends, refining your trading skills.

And if "Leading Indicators" is new terminology for you - then don't want to miss this.