Capital One Financial announced its $35.3 billion all-stock acquisition of Discover Financial ( NYSE:DFS ). This landmark deal, poised to reshape the credit card industry, comes at a time of heightened regulatory scrutiny and strategic maneuvering.
Unlocking Value Through Synergies:
Capital One's ( NYSE:DFS ) strategic vision for the acquisition hinges on...
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Discover Financial Services share with a target price of 211$
Discover Financial Services (NYSE: NYSE:DFS ) recently faced a challenging fourth quarter, reporting a significant dip in net income and diluted earnings per share amidst rising charge-offs. Despite this, the company showcased resilience in key areas, with robust loan growth and revenue expansion. We delve into the details of Discover's performance, the factors...
Today NYSE:DFS pierced the bottom of the gap that was created on October 19, when the stock sold off following earnings.
The market's attitude this week has been that "bad is good". GDP forecasts are coming down, retailers are warning about consumers lowering their spending level, NASDAQ:AAPL gave a muted earnings release. All this meant that the Fed left...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive swing to resistance.
Next Wave: buy wave to the ceiling.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/18 AMC
Quarter:...
Discover Financial Services has come under pressure since the summer, and traders may see risk of further downside.
The first pattern on today’s chart is the pair of high-volume bearish gaps. The first occurred on July 20 after earnings missed estimates. The second occurred on August 15 after its CEO unexpectedly left the company. DFS failed to recoup either...
DFS is now at a strong support level. It has started to consolidate. Consolidation may be from several days to several weeks before DFS has a breakout. In the unlikely case if DFS has a breakdown from the current 88 support level, it will go all the way down to the next support level of 67.
The PEAD projected a Bullish outlook for $DFS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
Looking at the DFS Discover Financial Services options chain ahead of earnings , I would buy the $104 strike price Puts with
2023-1-20 expiration date for about
$1.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
The PEAD projected a Bullish outlook for $DFS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
These stocks have a high debt to equity ratio and high volatility.On longer time frames,the bearish bias is crystal clear.
It will be interesting to see their price action once the Feds hike rates on the 27th of next month.
Most of them have negative YTD returns.The harsh macroeconomic environment and inflation haven't done them any favours.
The PEAD projected a Bearish outlook for $DFS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
