20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Technology firms including Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Amazon.Com Inc (NASDAQ: AMZN) spent $2.7 million and $4.8 million on lobbying in the first quarter of 2021 following growing U.S. Congressional antitrust scrutiny, Bloomberg reports.
- Google and Amazon’s lobbying spending rose 49% and 11% year-over-year.
- Google’s lobbying focused on issues ranging from patents and copyright to privacy and consumer protection.
- Google also disclosed lobbying on competition issues in online advertising following antitrust complaints. The Justice Department and a group of states slapped antitrust lawsuits on Google for alleged influencing of internet search results. A Texas lawsuit alleged Google of provoking competition in the digital advertising market.
- Senators Amy Klobuchar of Minnesota and Mike Lee of Utah sought extensive reforms for the tech sector.
- Amazon’s lobbying topics included logistics, cloud computing, and a communications satellite program, reflecting its extensive business interests.
- Interestingly, Facebook Inc (NASDAQ: FB) and Apple Inc’s (NASDAQ: AAPL) lobbying spending declined 9% and 32% to $4.8 million and $1.5 million respectively for the quarter.
- The Federal Trade Commission and multiple state attorneys-general had slapped lawsuits on Facebook last year for allegedly abusing its online dominance through acquisitions of Instagram and WhatsApp.
- Price action: GOOG shares traded higher by 2.05% at $2,315.50 on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!