📦 Walmart's Big Challenge

Walmart launches program to take on Amazon, NVIDIA is officially number one and more

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Happy Tuesday, Zingernation! Mark Cuban and Warren Buffett are both billionaires. And that’s about where the similarities between the two end. Here’s why Cuban adopts a different investment strategy than the Oracle of Omaha, and which one might be most suitable for you.

–Aaron Bry & Nic Chahine

Today’s Price Action:

$SPY: +.25%
$QQQ: +0.03%
$DIA: +.14%

Plus, here’s how one options expert grew his portfolio by more than 140% in just two weeks.

TODAY’S MOST VOLATILE STOCKS
TODAY’S TOP STORY
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What Happened: Nvidia stock has been a runaway freight train since the start of the year, outpacing a large majority of the market. The Jensen Huang-led company now has everyone else in its rearview mirror, as the chipmaker has claimed the title of most valuable public company in the world.

What To Know: Nvidia has pretty clearly been the biggest beneficiary of the AI boom as its chips have seen remarkable demand as tech players race to train and build their own AI models. The stock is hitting all-time highs on Tuesday and is up more than 170% since the start of the year.

So: Nvidia’s market cap climbed to $3.33 trillion on Tuesday, surpassing tech giant Microsoft Corp, making it the most valuable public company in the world, according to CNBC. Here’s what price analysts think the stock can go to next.

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FIVE MOVERS

Fisker’s stock dropped more than 50% today after the electric vehicle company filed for Chapter 11 bankruptcy.

Super Micro Computer shares shot higher today, closing up around 3.5% after the company announced it will open three new facilities.

Occidental Petroleum’s stock moved higher in Tuesday’s session after reports that Warren Buffett is upping his stake in the oil company.

Dell shares skyrocketed after an analyst at Morgan Stanley upgraded the stock and assigned it a price target of $155 a share.  

Micron’s stock moved higher today following some bullish coverage from an analyst ahead of the chipmaker’s earnings report.

ONE TRADE IDEA FOR THURSDAY

Coming For You Fight Night GIF by UFC

Briefly: In a bid to compete with Amazon.com‘s Amazon Prime, Walmart has announced Walmart+ Week, a membership program with a range of benefits.

What Happened: Walmart+ offers a variety of perks, including free shipping, store delivery, fuel savings, and a Paramount+ streaming subscription. The program is priced at $98 per year, making it cheaper than Amazon Prime, which costs $139 annually, reported The Street.

So: Walmart’s membership program also includes limited auto maintenance at Walmart Auto Care Centers, cashback on select travel expenses, and members-only prices during specific promotions, such as Black Friday. The program also allows for mobile shopping in-store. Here are the key differences and perks between the two subscription models.

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