Uber Plans To Acquire Majority Stake In A Grocery Delivery Company – Cornershop

Uber is at the forefront of acquiring a grocery delivery company – Cornershop. It is taking advantage of Walmart Inc (NYSE:WMT)’s loss because the latter is facing regulatory hurdles in Mexico to acquire Cornershop. Uber might have paid over $225 million to take over Cornershop because Walmart offered more than $225 million, but failed to […]

Bowing To Pressure From China, Apple Inc. (NASDAQ:AAPL) Removes Crowd-Sourced Mapping App:

On increased pressure from China, Apple Inc. (NASDAQ:AAPL) confirmed the removal of the crowd-sourced mapping app: from its App Store. Hong Kong residents have been using this popular mapping app along with accompanying web service to locate the police presence and the closure of streets. The app is useful for the residents of Hong […]

Tesla Inc. (NASDAQ:TSLA) Looks To Capitalise On Chinese Auto-Market Even As The Government Pares Incentives On EVs

Tesla Inc. (NASDAQ:TSLA) is set to launch its first factory in Shanghai, China. However, the launch comes at a time when the electric vehicle industry is grappling with softening demand for EVs. The electric carmaker has been constructing a factory in shanghai that it expects to be operational by the end of 2019. Shanghai factory […]

Sprint Corp (NYSE:S) Under Probe By the FCC For Swindling the Lifeline Program

The Federal Communication Commission has accused Sprint Corp (NYSE:S) of defrauding customers of the Lifeline program. The agency says the company claimed millions of dollars in subsidies for close to 885,000 subscribers who weren’t using the service. Sprint collected payments of 885,000 subscribers not in the program FCC chairperson Ajit Pai has indicated that the […]

Nissan Motor Co Ltd (OTCMKTS:NSANY) Recalls 1.3 Million Cars Over camera Display Issue

Nissan Motor Co Ltd (OTCMKTS:NSANY) has announced a recall of close to 1.3 million vehicles in Canada and the US. The company is recalling the vehicles to fix faulty rear-view camera display. Various 2018 and 2019 Nissan Car models recalled The company announced a recall of the cars to fix a camera which can be […]

SPY indicators are pointing north with green futures

A little bit of green here to start the day and technical indicators are pointing north, on a 60 minute chart in particular. This makes option biased applying an Inverse Head and Shoulders. Typically a 5 minute chart is Wall Street’s favorite chart (in terms of time frames… 1 minute, 5 minute, 10 minute, and so […]

SPY nearing the “SPY 300” level

SPY is nearing the “SPY 300” level which everyone loves to talk about. Currently, heavily extended to the upside, which would make sense given SPY’s rally to the upside during last week in general with the exception of a fairly flat day this past Friday. Wall Street will be watching the charts closely leading into […]

FOMO setting in with futures bright green

Futures are on fire this morning and could be settling back after the open. It’s time to be strategic in your plays and don’t let FOMO rule your decisions Green futures to start the day as SPY is trading above the 50 day simple moving average line resistance level which it was essentially stuck at […]

Cloudera Inc (NYSE:CLDR) beats expectation

Cloudera Inc (NYSE:CLDR) reported earnings today after market close. The company beat Wall Street expectations by: Reported revenue of $196.7M versus $182.31M expected. Beating by $14M. Reported a loss of only 2 cents versus a 10 cent loss expected. Beating by 8 cents. Upped their guidance range for future revenues. Currently. shares are higher and […]

SPY crosses 50 day moving average and its time for a rally

SPY is clinging above the 50 day simple moving average line support on a daily chart. We’ve seen quite a bit of green, fairly fast over the last three days in what has been a volatile month of August. A light volume ahead of a three day weekend today, especially as the trading session progresses […]