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“Super original name, you guys…” – Jeff

Hey there carnivores,

Markets were down on Tuesday after a pretty volatile day.

And today we’re talking about Walmart doing its best Amazon impression.

Keep raging,

Jeff & Jason

People of Walmart+

Look out Bezos, Doug McMillon is coming for yo neck.

Walmart will launch Walmart+ later this month. What’s that you say? Oh, just a subscription-based ripoff of Amazon Prime.

$WMT shares rose 6.78% on the day, while Amazon’s fell 1.86%.

Gimme the deets

The program will have an annual cost of $98, which is a few bucks shy of Amazon’s $119 membership fee. Walmart knows a thing or two about rolling back prices, after all.

As a member of the + club, users will have access to same-day shipping for groceries, gas discounts at Walmart’s stations, and early access to product deals.

Members will also have reserved delivery slots and get notifications if spots open up, which would be especially useful if this whole pandemic thing continues, as deliveries were delayed due to higher volume.

There are also plans to launch a video entertainment piece to the membership, but that’s like saying I’ve been planning to ‘get in shape’ for summer.

The bottom line…

But is Wally World fifteen years too late and a buck short?

That’s right, Amazon Prime launched fifteen years ago and has a very loyal clientele. Seriously, in a recent poll, Americans are more likely to link their identity to being a Prime member vs. a CrossFitter or having airline status. Personally, if I can’t order something and get it in two days, then I’m just not buying it…

Not to mention more than half of Walmart’s top spending families have Prime memberships as well, so McMillon and the people of Walmart have their work cut out for them.

While Walmart’s master plan sounds all well and good, it still has a long way to go before Jeffrey Commerce is even remotely concerned. Call me when you buy a self-driving car company…” Even with Walmart’s sales reaching record highs thanks to COVID-19 this year, Wally World’s e-commerce presence was still only an eighth of Amazon’s.

☑️ Sunshine daydream.

The top two names in solar power are joining forces to become the Chip and Joanna Gaines of the rooftop solar power game.

Sunrun is acquiring Vivint Solar for $1.6B in an all-stock deal amid the backdrop of an industry that is beaten down thanks to (what else?) coronavirus. Because people don’t want to make their houses uglier when they are looking at them all day…

The Tesla competitor will have a combined 500k customers… which is not a typo…. that many people actually have solar panels on their homes.

☑️ Not cool

Deutsche Bank was hit with a $150M fine by NY state financial regulators “for significant compliance failures” in the bank’s dealings with Jeffrey Epstein.

The German bank should have done a better job of monitoring some super sketchy transactions in and out of Epstein’s bank accounts. Apparently, there were hundreds of transactions totaling millions of dollars that could be tied to child-trafficking and a litany of other disturbing sh*t performed by the investor, who definitely killed himself, and was certainly not murdered. Seriously.

It HAD to be DB, didn’t it?

☑️ Straight from the Scripps. Why, so, Sirius?

SiriusXM will acquire Stitcher Podcasting from Scripps for $300M. Stitcher, in case you’re unaware, is the podcast company behind ‘Conan O’Brien Needs a Friend’ (don’t we all) and ‘Freakonomics Radio’. It has a free podcast app and offers a premium, ad-free version for $4.99 per month.

Sirius makes the majority of its cash money from subscriptions to its satellite service, but has hopped aboard the diversification train recently. In 2018 it bought Pandora for $3B, and last year it inked a deal with Disney for an exclusive Marvel podcast.

☑️ At long lastPeter Thiel’s controversial data analytics company Palantir Technology filed paperwork with the SEC to go public. It has flirted with the idea for the past five years but apparently figured there’s no time like the present.

Peter Theiel co-founded Palantir in 2004, but the company has yet to turn a profit. It’s private valuation has reached as high as $20B. The secretive company will likely follow Spotify’s and Slack’s lead with a direct listing.

Author: Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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