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Rumor on the Street: It's almost Friday, but then it's not. Anyway, a certain well-known hedge fund name will be making the rounds Wednesday to drum up support for his vocal campaign against payroll processor Automatic Data Processing  (ADP) - Get Automatic Data Processing, Inc. Report . Said hedgie has made good points on ADP, namely pertaining to a board that could definitely need a refresh (how engaged is Glenn Hubbard, I mean come on). But at the end of the day, a company's stock price is truth and ADP's has surged more than 141% over the last five years (CEO Carlos Rodriguez has been in place since November 2011) vs. the S&P 500's 89% increase. Something has to be going right, no?

It's hard to root for Tesla's stock: Overly optimistic Tesla (TSLA) - Get Tesla Inc Report bulls need to be socked in the face by a 25% earnings day correction. I'm tired of how easy it has been for this crowd this year to push up a stock with dreadful fundamentals and a not-so-certain future. Not sure if this 25% haircut is coming after earnings this evening, but what's expected to be a dour report could start the wheels in motion. Glad that a birdie passed me a note today from an investment firm short Tesla. While the position has been painful this year, the reasons for it have never been clearer: (1) Tesla has no moat around its business, aka it does nothing truly proprietary; (2) Tesla is a losing a ton of money BEFORE a wave of competition beginning next year (disturbing); and (3) CEO Elon Musk is lacking in credibility (and arguably management skills).

Walmart rips out its price-chopping ax: If I am a seller of toys, jeans, or food right now I am entering the holiday season in full freakout mode. Not because this may be Sears' (SHLD) final holiday season, but rather due to the intensifying price battle between Walmart (WMT) - Get Walmart Inc. Report and Amazon (AMZN) - Get, Inc. Report that may obliterate profit margins. Walmart has already gotten its price-cutting message out the door, telling TheStreet's Cathaleen Chen it will begin slashing prices this coming weekend. Your move, Amazon. 

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Apple to $1 Trillion

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Tech giant Apple (AAPL) - Get Apple Inc. (AAPL) Report is only 16% or so from having a $1 trillion market cap. My call on whether it hits the mind-blowing number before yearend can be seen in the above video. Hit me up on Twitter @BrianSozzi with your call -- bonus points if you tweet it from an iPhone X ahead of Apple's earnings on Thursday.

Apple is a holding in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

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