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- Feb 20 Stock Market Update - Why is Walmart buying Vizio
Feb 20 Stock Market Update - Why is Walmart buying Vizio
$WMT long and $WING
Mukund Mohan
February 20, 2024
Market
"Walmart is buying Vizio - a smart TV maker for $2.3 Billion, not for the TVs - which it already makes and sells but for the Ad market. $WMT wants to compete with $AMZN for the growing part of the Ad market” 😑
The week starts lower, and it should head lower, waiting for Nvidia earnings
I am still expecting the market to head lower this week and wait on Nvidia earnings tomorrow. This is the market taking a break from the highs of the last 16 weeks.
Technology took a big break from higher highs, but Pharma is looking good
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Insights from my portfolio
I traded Rivian for a few weeks and the stock is now at a point that’s interesting, but I am still on the sidelines now.
Video of the day
Today’s video is Applovin ($APP) an ad tech company and a mobile gaming company all rolled in one.
Deep dive of the day
Today’s writeup is on Schrodinger, a pharma research and data company.
Good setups for swing
$WING is a good to $350
$WMT should be a good long entry at $172 to $180 - good earnings