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Capital One Completes Discover Deal
And, Dogecoin attracts more whales.
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Today is Monday, May 19, 2025.
The Early Bird Index today is 81.55
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Capital One Completes Discover Deal
It was over a year in the making, but Capital One Financial’s $COF ( ▼ 4.6% ) acquisition of Discover Financial Services $DFS ( ▼ 0.21% ) was finally completed on Sunday.
Quote: “This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses, and merchants.” - Capital One CEO Richard D. Fairbank.
Background: Capital One announced that it would acquire Discover in February 2024. The 15-month journey included a regulatory review.
Early Bird’s Nest Egg Gains: The Capital One–Discover merger marks a transformative moment.
The deal signals a new era of industry consolidation, potentially prompting other large institutions to consider mergers.
The combined entity’s enhanced technology and customer base position Capital One to accelerate innovation in digital banking and payments.
Final Thoughts: Capital One’s stock is up 10% this year.
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Notables
Notable Earnings Today: 8x8 (Nasdaq: EGHT), Agilysys (Nasdaq: AGYS), Transcat (Nasdaq: TRNS), Target Hospitality (Nasdaq: TH), ZIM Integrated Shipping Services (NYSE: ZIM), Trip.com Group (Nasdaq: TCOM), CBAK Energy Technology (Nasdaq: CBAT), Compugen (Nasdaq: CGEN), Global Ship Lease (NYSE: GSL), Gilat Satellite Networks (Nasdaq: GILT), ICL Group (NYSE: ICL), Oxford Lane (Nasdaq: OXLC), Pioneer Power Solutions (Nasdaq: PPSI), Qifu Technology (Nasdaq: QFIN), Safe Bulkers (NYSE: SB).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Toro Bravo (StartEngine), Revolution Race Cars (Republic), RePlastic Recycle (Honeycomb), Santa Fe Goat Guys (Honeycomb), J&L Clean Technologies (Honeycomb).
Notable Economic Events Today: U.S. Leading Indicators (10:00 a.m. ET).
Dogecoin Attracts More Whales
Dogecoin $DOGE.X ( ▲ 4.62% ) jumped 3% on Sunday as most cryptocurrency prices remained flat.
Details: Dogecoin’s price increase on Sunday was driven by a mix of technical, on-chain, and macro factors, including improved crypto market sentiment.
Powering the Story: A big reason behind the recent surge in Dogecoin’s price is that crypto whales (large holders of crypto) have accumulated a lot of coins in recent weeks.
Price: Dogecoin’s price is down 5% in the last week, but it is up 41% in the last 30 days.
Final Thoughts: The recent price movement bodes well for Dogecoin, but investors should know that Dogecoin is volatile and is considered a meme coin.
TRON Has a Bad Sunday
The price of the cryptocurrency TRON $TRX.X ( ▲ 0.24% ) fell about 3% on Sunday.
Details: Unlike other cryptos, which are surging in recent weeks, TRON is only up about 8% in the last 30 days.
Final Thoughts: Bullish investors expect TRON to recover, but there are plenty of reasons why it won’t.
Trends to Watch
More AI Setbacks: Why Apple Still Hasn’t Cracked AI (Bloomberg)
Most Influential Board Directors: The Top Corporate Board Directors (Wall Street Journal)
Consumption Pain: China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry (CNBC)
Very Strict: RFK Jr.’s FDA Severely Restricts COVID Vaccine Use (The Daily Beast)
Nvidia’s New Presentation: Nvidia's Huang set to showcase latest AI tech at Taiwan's Computex (Reuters)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.