Ticker delayed 20 minutes
Avg Daily Volume: 4,464,043 Market Cap: 1.11B
Sector: None Short Interest: 14.55
THIS QTR: EPS: -.18/share REV: 311.98/M
LAST QTR: EPS: -.22/share ACTUAL: -.15/share (BEAT)
NEXT QTR: EPS: .02/share REV: 1,950/M
FULL YR: EPS: -.15/share REV: 1,560/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS RECORD: 69% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -8.37, -17.32, 31.07
POTENTIAL JUMP MOVE: 15%
Links To Latest News and Headlines
The Justice Department’s lawsuit says that Google effectively controls or owns about 80% of the search queries in the U.S., and that competitors have no real chance to challenge the company.
Just when it seemed that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google was getting close to securing regulatory approval in the European Union for its proposed acquisition of wearables maker Fitbit (NYSE: FIT), a new hurdle might be about to present itself. Japan is now reportedly looking to intensify antitrust scrutiny of major tech companies, including Google, Apple, Facebook, and Amazon.
Japan's Fair Trade Commission is set to look into potential market abuses by Big Tech — perhaps starting with the $2.1B Google-Fitbit deal.
Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign Tokyo will join global efforts to regulate digital platform operators. Kazuyuki Furuya, chairman of Japan’s Fair Trade Commission (FTC), also said Tokyo could open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals are big enough. EU antitrust regulators in August launched an investigation into a $2.1 billion deal by Alphabet unit Google’s bid to buy Fitbit that aimed to take on Apple and Samsung in the wearable technology market.
Fitbit (NYSE: FIT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google have been hoping to close the $2.1 billion acquisition of the wearable gadget maker this year, but that might not happen. Initially announced in November 2019, Google and Fitbit have been trying ever since to address antitrust concerns in order to secure regulatory approval. “The duration of regulatory approvals cannot be foreseen with certainty,” Fitbit wrote in its most recent quarterly filing.
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.