App-Based Valet Parking Startup Rockets Up After Merger

Markets continue churning today—they’ve rapidly recovered from the recent correction, but also continue to demonstrate heightened volatility. After a sharp rally earlier in the session, major indexes are now broadly retreating—apparently tamped down by a wave of indictments, all of Russian nationals, from the US FBI, which continues to investigate illegal tampering in the 2018 US Presidential election.

Short-term pressure on US Treasuries and the dollar appear to be easing for the moment, though the market continues to be poised at a curious inflection point.

While economists ponder the mysteries of market behavior, news-based traders keep making money. Keep checking the Top Performer blog, which gives readers a free look at a broad array of trade tactics enabled by a real-time news analytics platform.  

DropCar (DCAR): Startup rockets up on post-merger business summary.

DCAR Stock Gains

DropCar is a “valet parking” startup. Targeting high-priced parking markets like New York City, DropCar car provides on-demand valet drivers via phone app. These drivers park the user’s own vehicle for $15/hour—far below many parking rates in high-demand markets.  DropCar maintains its own strategically located parking structures for the service. Regular parking subscriptions are also available.

This morning, DropCar provided a business update, focused on its integration efforts after a recent merger with WPCS International. Overall usage rates were up sharply on a per-user basis, as was the base of regular subscriptions.

The startup is only beginning to exploit a series of market opportunities on the periphery of its core model. For instance, luxury apartment complexes are considering integrating the service into an overall package, even as car dealers explore on location test-drives. You can read more about their business model here.

Investors bought the stock heavily after the announcement. Currently sitting up 25% even as broader market momentum sags, it has posted gains as high as 40%. From ride-sharing, to app-based trucking brokerages, to on-demand valets, transportation is at the forefront of internet-integration into a growing web of physically-rooted markets.

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