We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL AS ON 02-03-2021
#USDCAD
SELL=1.2683
TARGET=1.2648
SL=1.27291
#COFFEE
SELL=133.81
TARGET=132.26
SL=136.20
#APPLE COMP.
BUY=127.60
TARGET=129.87
SL=126.08
#ETHEREUM
BUY=1546.90
TARGET=1653.54
SL=1481.80
#S&P 500
BUY=3883.91
TARGET=3911.40
SL=3857.29
TRADE SIGNAL AS ON 02-03-2021
#USDCAD
SELL=1.2683
TARGET=1.2648
SL=1.27291
#COFFEE
SELL=133.81
TARGET=132.26
SL=136.20
#APPLE COMP.
BUY=127.60
TARGET=129.87
SL=126.08
#ETHEREUM
BUY=1546.90
TARGET=1653.54
SL=1481.80
#S&P 500
BUY=3883.91
TARGET=3911.40
SL=3857.29
TOP 5 STOCKS TO WATCHOUT:-
1.#Apple - Apple said on Monday all its 270 U.S. stores have been opened, the first time in almost a year after it was forced to shutter several outlets because of the COVID-19 pandemic.
The company has been cautious in re-opening its retail stores, using a team that includes medical experts to make its own calls on a county-by-county basis and sometimes shuttering stores again when local rules would otherwise allow stores to operate.
The iPhone maker has also expanded its 'Express' format, a wall built in front of the main store with sales counters protected by plexiglass and a few shelves of accessories such as phone cases and AirPods.
2.#AMZON:-A manager at Amazon.com Inc sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment.
The lawsuit from Charlotte Newman, a business development head at Amazon Web Services who is Black, said the company suffers from a "systemic pattern of insurmountable discrimination," despite its pledge to fight racism and statements of solidarity from Chief Executive Officer Jeff Bezos.
Seattle-based Amazon said it was investigating the claims. It said it strives for an equitable culture and has no tolerance for discrimination: "These allegations do not reflect those efforts or our values."
The complaint was filed in Washington, D.C., federal court.
Newman, a Harvard Business School graduate and former adviser to U.S. Senator Cory Booker, said Amazon delayed by 2-1/2 years her rise to senior manager by hiring her in 2017 for a more junior role for which she was overqualified, a "de-leveling" that reduces awards of company stock.
She also accused a male supervisor of using racial tropes by calling her "aggressive," "too direct" and "just scary," and another male co-worker of sexually harassing her and once pulling on her braids while saying, "You can leave this behind."
Both men were also named as defendants, and according to the lawsuit the supervisor was required to undergo training while the co-worker was terminated. The co-worker's lawyer could not immediately be identified.
Newman is seeking compensatory and punitive damages. She is represented by Douglas Wigdor, who also represented women suing the former movie producer Harvey Weinstein and Fox News over alleged harassment or discrimination.
Amazon has worked to show support for the Black Lives Matter movement. In September its cloud computing chief Andy Jassy, who will succeed Bezos as Amazon CEO, gave the keynote address at a Black Employee Network entrepreneurship conference.
The news site Recode last week reported allegations of racial disparities in Amazon promotions and performance reviews.
Amazon also faces lawsuits claiming it mistreated workers in its handling of the coronavirus pandemic at its facilities.
3. #NIKE :-Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that her son used a credit card in her name to purchase sneakers for his resale company.
The company said the departure of Hebert, vice president and general manager of Nike's North America business, is effective immediately and that it plans to announce a new head for the geography shortly.
Bloomberg Businessweek last week reported that Hebert's son Joe Hebert used a credit card in her name to purchase sneakers for his resale company, West Coast Streetwear. (https://bloom.bg/304NpkK)
The report said Joe Hebert used bots to purchase the most sought-after sneakers after they were released online, spending over $132,000 on the credit card to stock up on the limited edition sneakers for reselling them at a higher price.
Hebert told Bloomberg he had never received inside information from his mother while she was at Nike.
West Coast Streetwear could not be immediately reached for a comment.
Nike in a statement said Hebert had made the decision to resign.
1.#Apple - Apple said on Monday all its 270 U.S. stores have been opened, the first time in almost a year after it was forced to shutter several outlets because of the COVID-19 pandemic.
The company has been cautious in re-opening its retail stores, using a team that includes medical experts to make its own calls on a county-by-county basis and sometimes shuttering stores again when local rules would otherwise allow stores to operate.
The iPhone maker has also expanded its 'Express' format, a wall built in front of the main store with sales counters protected by plexiglass and a few shelves of accessories such as phone cases and AirPods.
2.#AMZON:-A manager at Amazon.com Inc sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment.
The lawsuit from Charlotte Newman, a business development head at Amazon Web Services who is Black, said the company suffers from a "systemic pattern of insurmountable discrimination," despite its pledge to fight racism and statements of solidarity from Chief Executive Officer Jeff Bezos.
Seattle-based Amazon said it was investigating the claims. It said it strives for an equitable culture and has no tolerance for discrimination: "These allegations do not reflect those efforts or our values."
The complaint was filed in Washington, D.C., federal court.
Newman, a Harvard Business School graduate and former adviser to U.S. Senator Cory Booker, said Amazon delayed by 2-1/2 years her rise to senior manager by hiring her in 2017 for a more junior role for which she was overqualified, a "de-leveling" that reduces awards of company stock.
She also accused a male supervisor of using racial tropes by calling her "aggressive," "too direct" and "just scary," and another male co-worker of sexually harassing her and once pulling on her braids while saying, "You can leave this behind."
Both men were also named as defendants, and according to the lawsuit the supervisor was required to undergo training while the co-worker was terminated. The co-worker's lawyer could not immediately be identified.
Newman is seeking compensatory and punitive damages. She is represented by Douglas Wigdor, who also represented women suing the former movie producer Harvey Weinstein and Fox News over alleged harassment or discrimination.
Amazon has worked to show support for the Black Lives Matter movement. In September its cloud computing chief Andy Jassy, who will succeed Bezos as Amazon CEO, gave the keynote address at a Black Employee Network entrepreneurship conference.
The news site Recode last week reported allegations of racial disparities in Amazon promotions and performance reviews.
Amazon also faces lawsuits claiming it mistreated workers in its handling of the coronavirus pandemic at its facilities.
3. #NIKE :-Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that her son used a credit card in her name to purchase sneakers for his resale company.
The company said the departure of Hebert, vice president and general manager of Nike's North America business, is effective immediately and that it plans to announce a new head for the geography shortly.
Bloomberg Businessweek last week reported that Hebert's son Joe Hebert used a credit card in her name to purchase sneakers for his resale company, West Coast Streetwear. (https://bloom.bg/304NpkK)
The report said Joe Hebert used bots to purchase the most sought-after sneakers after they were released online, spending over $132,000 on the credit card to stock up on the limited edition sneakers for reselling them at a higher price.
Hebert told Bloomberg he had never received inside information from his mother while she was at Nike.
West Coast Streetwear could not be immediately reached for a comment.
Nike in a statement said Hebert had made the decision to resign.
Bloomberg.com
Sneakerheads Have Turned Jordans and Yeezys Into a Bona Fide Asset Class
When the pandemic presented a buy-low opportunity, one college dropout hit the road and filled his truck with $200,000 worth of kicks.
4.#DISNEY :Surprisingly strong interest from adults who do not have kids at home has helped increase subscriptions to Walt Disney Co's Disney streaming service beyond initial projections, Chief Executive Bob Chapek said on Monday.
Disney+ debuted in November 2019 and growth has exceeded Wall Street expectations and Disney's forecast. While Disney is known for family entertainment, Disney+ also features movies and TV shows from Marvel, "Star Wars" studio Lucasfilm and others.
As of Jan. 2, Disney+ had signed up 94.9 million customers worldwide. Half of those live in households without children, Chapek said, a higher proportion than expected.
"What we didn't realize was the non-family appeal that a service like Disney+ would have," Chapek said via online video to the Morgan Stanley Technology, Media and Telecommunications Conference.
"In fact, over 50% of our global marketplace don't have kids," he added. "When 50% of the people in Disney+ don't have kids, you really have the opportunity now to think much more broadly about the nature of your content."
The service has generated buzz for current Marvel show "WandaVision" and "Star Wars" series "The Mandalorian" featuring the character known as Baby Yoda.
Chapek, who became Disney CEO a year ago, refocused Disney's media and entertainment businesses to make streaming the priority as customers gravitate to options such as Netflix Inc .
In December, Disney raised initial projections and said it expected to attract as many as 350 million global subscribers across all of its streaming services, which include Hulu and ESPN+, by the end of fiscal 2024.
5.#ZOOM- Zoom Video Communications Inc forecast current-quarter revenue above expectations, as the company expects millions of people to continue using its video-conferencing platform to work remotely and attend online classes, sending its shares up 10%.
When the COVID-19 pandemic hit, Zoom was a relative upstart founded by a former Cisco executive that had gone public on a promise to make video conferencing software easier to use.
However, businesses around the globe took to the company's video conferencing services during the virus outbreak. Zoom has since seen a meteoric rise over the last year, with investors keen on knowing if the firm can maintain this level of growth.
Eric Yuan founder and chief executive officer of Zoom, said the firm was "well positioned for strong growth" in the coming year.
The company forecast current-quarter revenue between $900 million and $905 million, compared with estimates of $829.2 million, according to IBES Refinitiv data.
Zoom has seen its user numbers surge in the past year, while its shares more than quadrupled during the same period. The platform said it has 1,644 customers contributing more than $100,000 in trailing 12 months revenue, more than double from a year earlier.
Disney+ debuted in November 2019 and growth has exceeded Wall Street expectations and Disney's forecast. While Disney is known for family entertainment, Disney+ also features movies and TV shows from Marvel, "Star Wars" studio Lucasfilm and others.
As of Jan. 2, Disney+ had signed up 94.9 million customers worldwide. Half of those live in households without children, Chapek said, a higher proportion than expected.
"What we didn't realize was the non-family appeal that a service like Disney+ would have," Chapek said via online video to the Morgan Stanley Technology, Media and Telecommunications Conference.
"In fact, over 50% of our global marketplace don't have kids," he added. "When 50% of the people in Disney+ don't have kids, you really have the opportunity now to think much more broadly about the nature of your content."
The service has generated buzz for current Marvel show "WandaVision" and "Star Wars" series "The Mandalorian" featuring the character known as Baby Yoda.
Chapek, who became Disney CEO a year ago, refocused Disney's media and entertainment businesses to make streaming the priority as customers gravitate to options such as Netflix Inc .
In December, Disney raised initial projections and said it expected to attract as many as 350 million global subscribers across all of its streaming services, which include Hulu and ESPN+, by the end of fiscal 2024.
5.#ZOOM- Zoom Video Communications Inc forecast current-quarter revenue above expectations, as the company expects millions of people to continue using its video-conferencing platform to work remotely and attend online classes, sending its shares up 10%.
When the COVID-19 pandemic hit, Zoom was a relative upstart founded by a former Cisco executive that had gone public on a promise to make video conferencing software easier to use.
However, businesses around the globe took to the company's video conferencing services during the virus outbreak. Zoom has since seen a meteoric rise over the last year, with investors keen on knowing if the firm can maintain this level of growth.
Eric Yuan founder and chief executive officer of Zoom, said the firm was "well positioned for strong growth" in the coming year.
The company forecast current-quarter revenue between $900 million and $905 million, compared with estimates of $829.2 million, according to IBES Refinitiv data.
Zoom has seen its user numbers surge in the past year, while its shares more than quadrupled during the same period. The platform said it has 1,644 customers contributing more than $100,000 in trailing 12 months revenue, more than double from a year earlier.
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL AS ON 03-03-2021
#AUDCHF
BUY=0.7149
TARGET=0.7177
SL=0.7136
#BRENT CRUDE OIL
BUY=62.88
TARGET=63.29
SL=62.44
#CITI GROUP Inc.
BUY=69.01
TARGET=69.50
SL=68.67
#BTCUSD
BUY=49341.00
TARGET=49709.56
SL=48768.44
#HANG SENG
BUY=29557.00
TARGET=29995.00
SL=29220
#AUDCHF
BUY=0.7149
TARGET=0.7177
SL=0.7136
#BRENT CRUDE OIL
BUY=62.88
TARGET=63.29
SL=62.44
#CITI GROUP Inc.
BUY=69.01
TARGET=69.50
SL=68.67
#BTCUSD
BUY=49341.00
TARGET=49709.56
SL=48768.44
#HANG SENG
BUY=29557.00
TARGET=29995.00
SL=29220
TOP 5 STOCKS TO WATCHOUT:-
1.#TESLA - Chipmakers like Samsung Electronics Co Ltd will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months' time, a representative of a trade body said.
The shutdown threatens chip supplies as the industry is scrambling to meet demand, which is rising especially from the auto sector, but also for laptops and other products as economies recover from the impact of the pandemic.
Chipmakers now have the power, water and gas they need to operate, but they need time to restart tools and clean the factories, Edward Latson, CEO of the Austin Regional Manufacturers Association, said.
He said the process was slow and "very expensive".
Samsung said on Tuesday it "may require more time to reach normal levels as we inspect and reconfigure the facility."
The plant suspension would have an impact on automakers five months later because that is the time needed to make chips, Latson told Reuters.
There is also an impact now, Risto Puhakka, president of VLSIresearch, said.
"The impact is almost immediate, as the chip inventories are low and customers need them as soon as possible," he said. "We are now looking at about one month of lost production."
Samsung supplies chips for Tesla and other customers and NXP and Infineon are also automotive chip suppliers.
Tesla Chief Executive Officer Elon Musk said the electric vehicle company’s Fremont, California, plant shut down for two days last week, without elaborating further.
NXP, which has two factories in Austin, said in a statement on Tuesday: "We are diligently working through equipment, system and product assessments to resume our operations as soon as possible."
2. #MICROSOFT:-A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft) mail server software, the company and outside researchers said on Tuesday - an example of how commonly used programs can be exploited to cast a wide net online.
In a blog post, Microsoft said the hacking campaign made use of four previously undetected vulnerabilities in different versions of the software and was the work of a group it dubs HAFNIUM, which it described as a state-sponsored entity operating out of China.
In a separate blog post, cyber-security firm Volexity said that in January it had seen the hackers use one of the vulnerabilities to remotely steal "the full contents of several user mailboxes." All they needed to know were the details of Exchange server and of the account they wanted to pillage, Volexity said.
China opposes all forms of cyber-attacks, Chinese foreign ministry spokesman Wang Wenbin said at a news briefing in Beijing on Wednesday.
"China wishes relevant media and companies take a professional and responsible attitude, and base characterizations of cyber-attacks on ample evidence, rather than groundless guesses and accusations," he said.
Ahead of the Microsoft announcement, the hackers' increasingly aggressive moves began to attract attention across the cybersecurity community.
Mike McLellan, director of intelligence for Dell Technologies (NYSE:DELL) Inc's Secureworks, said ahead of the Microsoft announcement that he had noticed a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm.
Microsoft's suite of products has been under scrutiny since the hack of SolarWinds, the Texas-based software firm that served as a springboard for several intrusions across government and the private sector. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks.
Hackers who went after SolarWinds also breached Microsoft itself, accessing and downloading source code - including elements of Exchange, the company's email and calendaring product.
1.#TESLA - Chipmakers like Samsung Electronics Co Ltd will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months' time, a representative of a trade body said.
The shutdown threatens chip supplies as the industry is scrambling to meet demand, which is rising especially from the auto sector, but also for laptops and other products as economies recover from the impact of the pandemic.
Chipmakers now have the power, water and gas they need to operate, but they need time to restart tools and clean the factories, Edward Latson, CEO of the Austin Regional Manufacturers Association, said.
He said the process was slow and "very expensive".
Samsung said on Tuesday it "may require more time to reach normal levels as we inspect and reconfigure the facility."
The plant suspension would have an impact on automakers five months later because that is the time needed to make chips, Latson told Reuters.
There is also an impact now, Risto Puhakka, president of VLSIresearch, said.
"The impact is almost immediate, as the chip inventories are low and customers need them as soon as possible," he said. "We are now looking at about one month of lost production."
Samsung supplies chips for Tesla and other customers and NXP and Infineon are also automotive chip suppliers.
Tesla Chief Executive Officer Elon Musk said the electric vehicle company’s Fremont, California, plant shut down for two days last week, without elaborating further.
NXP, which has two factories in Austin, said in a statement on Tuesday: "We are diligently working through equipment, system and product assessments to resume our operations as soon as possible."
2. #MICROSOFT:-A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft) mail server software, the company and outside researchers said on Tuesday - an example of how commonly used programs can be exploited to cast a wide net online.
In a blog post, Microsoft said the hacking campaign made use of four previously undetected vulnerabilities in different versions of the software and was the work of a group it dubs HAFNIUM, which it described as a state-sponsored entity operating out of China.
In a separate blog post, cyber-security firm Volexity said that in January it had seen the hackers use one of the vulnerabilities to remotely steal "the full contents of several user mailboxes." All they needed to know were the details of Exchange server and of the account they wanted to pillage, Volexity said.
China opposes all forms of cyber-attacks, Chinese foreign ministry spokesman Wang Wenbin said at a news briefing in Beijing on Wednesday.
"China wishes relevant media and companies take a professional and responsible attitude, and base characterizations of cyber-attacks on ample evidence, rather than groundless guesses and accusations," he said.
Ahead of the Microsoft announcement, the hackers' increasingly aggressive moves began to attract attention across the cybersecurity community.
Mike McLellan, director of intelligence for Dell Technologies (NYSE:DELL) Inc's Secureworks, said ahead of the Microsoft announcement that he had noticed a sudden spike in activity touching Exchange servers overnight on Sunday, with around 10 customers affected at his firm.
Microsoft's suite of products has been under scrutiny since the hack of SolarWinds, the Texas-based software firm that served as a springboard for several intrusions across government and the private sector. In other cases, hackers took advantage of the way customers had set up their Microsoft services to compromise their targets or dive further into affected networks.
Hackers who went after SolarWinds also breached Microsoft itself, accessing and downloading source code - including elements of Exchange, the company's email and calendaring product.
McLellan said that for now, the hacking activity he had seen appeared focused on seeding malicious software and setting the stage for a potentially deeper intrusion rather than aggressively moving into networks right away.
"We haven't seen any follow-on activity yet," he said. "We're going to find a lot of companies affected but a smaller number of companies actually exploited."
Microsoft said targets included infectious disease researchers, law firms, higher education institutions, defense contractors, policy think tanks, and non-governmental groups.
3. #AMAZON :-- IT firm Micro Focus International said on Wednesday it had signed a commercial agreement with Amazon Web Services to help customers migrate their mainframe applications and workloads to the cloud, sending the British company's shares up more than 14%.
As part of the collaboration, Micro Focus has issued warrants to Amazon.com Inc to subscribe for up to 15.9 million ordinary shares in the company at 446.6 pence per share.
4.#UBER :The robotics unit of Postmates, a delivery startup that ride-hailing firm Uber Technologies (NYSE:UBER) acquired last year, has spun off into a new company called Serve Robotics, the company said on Tuesday.
Serve said in a press release that it closed its first round of funding, led by venture capital firm Neo, and aided by Uber, Long Journey ventures, Postmates' co-founders Bastian Lehmann and Sean Plaice as well as other investors.
"While self-driving cars remove the driver, robotic delivery eliminates the car itself and makes deliveries sustainable and accessible to all," said Ali Kashani, co-founder and CEO of Serve Robotics.
The unit, Postmates X, introduced its semi-autonomous bot, Serve, in 2018 to aid faster deliveries. It currently operates commercially in Los Angeles and San Francisco, and has been popular during the COVID-19 pandemic to enable the touch-less delivery of goods.
Some details of the deal were published by technology news website TechCrunch in January.
Uber bought Postmates in July 2020 in a $2.65 billion all-stock deal, with a view to expand its food delivery market share when the pandemic hit its core ride-sharing business.
5.#INTEL- Chipmaker Intel Corp must pay a technology rival $2.18 billion after a federal jury decided that Intel infringed on its patent, a federal court ruled on Tuesday.
Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled.
In a statement, Michael Stolarski, chief executive of VLSI Technology, said the firm was "pleased that the jury recognized the value of the innovations as reflected in the patents and are extremely happy with the jury verdict.”
The jury found $1.5 billion for all damages caused to VLSI on infringement of the first patent and $675 million for the infringement of the other.
"Intel strongly disagrees with today's jury verdict. We intend to appeal and are confident that we will prevail," the Santa Clara, California-based company said.
Intel's shares closed down 2.6% at $61.24.
"We haven't seen any follow-on activity yet," he said. "We're going to find a lot of companies affected but a smaller number of companies actually exploited."
Microsoft said targets included infectious disease researchers, law firms, higher education institutions, defense contractors, policy think tanks, and non-governmental groups.
3. #AMAZON :-- IT firm Micro Focus International said on Wednesday it had signed a commercial agreement with Amazon Web Services to help customers migrate their mainframe applications and workloads to the cloud, sending the British company's shares up more than 14%.
As part of the collaboration, Micro Focus has issued warrants to Amazon.com Inc to subscribe for up to 15.9 million ordinary shares in the company at 446.6 pence per share.
4.#UBER :The robotics unit of Postmates, a delivery startup that ride-hailing firm Uber Technologies (NYSE:UBER) acquired last year, has spun off into a new company called Serve Robotics, the company said on Tuesday.
Serve said in a press release that it closed its first round of funding, led by venture capital firm Neo, and aided by Uber, Long Journey ventures, Postmates' co-founders Bastian Lehmann and Sean Plaice as well as other investors.
"While self-driving cars remove the driver, robotic delivery eliminates the car itself and makes deliveries sustainable and accessible to all," said Ali Kashani, co-founder and CEO of Serve Robotics.
The unit, Postmates X, introduced its semi-autonomous bot, Serve, in 2018 to aid faster deliveries. It currently operates commercially in Los Angeles and San Francisco, and has been popular during the COVID-19 pandemic to enable the touch-less delivery of goods.
Some details of the deal were published by technology news website TechCrunch in January.
Uber bought Postmates in July 2020 in a $2.65 billion all-stock deal, with a view to expand its food delivery market share when the pandemic hit its core ride-sharing business.
5.#INTEL- Chipmaker Intel Corp must pay a technology rival $2.18 billion after a federal jury decided that Intel infringed on its patent, a federal court ruled on Tuesday.
Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled.
In a statement, Michael Stolarski, chief executive of VLSI Technology, said the firm was "pleased that the jury recognized the value of the innovations as reflected in the patents and are extremely happy with the jury verdict.”
The jury found $1.5 billion for all damages caused to VLSI on infringement of the first patent and $675 million for the infringement of the other.
"Intel strongly disagrees with today's jury verdict. We intend to appeal and are confident that we will prevail," the Santa Clara, California-based company said.
Intel's shares closed down 2.6% at $61.24.
What have changed for the market while you were sleeping.
Market Report as on 3rd of March 2021
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-03-march-2021/
Market Report as on 3rd of March 2021
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-03-march-2021/
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Financial Markets & Stock Market Technical Analysis
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