E Earth Day

*Chinese authorities are cracking down on Tesla for allegedly “disrespecting customers”, which is a sin even under Communism. TSLA refused to accept responsibility for a brake failure for which a customer sought redress. It already dropped earlier this week after two Texans let their Tesla drive itself right into a tree which killed them both. Tesla's cars move even if there is nobody in the driver's seat. Citi analysts today rated Tesla a sell. This should help our China carmaker NIO which gained 3.9.% today on the Tesla imbroglio. But Tesco itself rose 3.73%.

Technology

*Taiwan Semiconductor (TSM) was bought at $115.49 yesterday.

*South Korea's Coupang gained 6.2% after the recently listed share was rated a buy by Motley Fool. It is still ahead about 4% today but we are down ~3% from our basis which was below the IPO. When the quiet period ended, CPNG was rated neutral by Crédit Suisse and JP Morgan, and only tipped by Goldman Sachs with a TP of $62.

*Mercado Libre of Argentina is up $6.52 to $1583.5, a possible result of a TP of $1800 from Wolfe Research early this month. Both MELI and CPNG are Amazon rivals in exotic markets like Asia and Latin America.

*Microsoft (MSFT) sold a pricey computer weather forecast system to the UK Metro Office, to deal with global warming.

*Norwegian reverse vending machine firm Tomra soared two ways today, TMRAY by 5.11% to $48.98 and TMRAF up 3.47% to $48.33. There is no arbitrage on Tomra. It is our top winner today

*A shareholder battle against the CEO's pay took UK BAE Systems down 6%+. Study war no more.

Finance

*Cuts to exposure to robot-managed exchange-traded funds is good news for human analysts and newsletters. The drop in Europe and the US was 6% to $89 bn where sound advice is most costly.

*Mitsubishi UFS announced today that on April 1 its leasing finance arm will take over Hitachi Capital's leasing sub by merger. The new entity will be called Mitsubishi HC Capital, so MSBHF is the winner in the deal. The stock is down 0.6% today. Moreover, rival Sumitomo Mitsui Finance (SMFG) is down 0.7%, so it is the loser.

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