
Tale of the Tape
Good evening, everyone. It’s the first day of fall. š
Weāre almost through 2020. š
Stocks closed higher. The Nasdaq led while the Dow lagged.
Consumer Discretionary closed up 2%. It was the best performing sector. Financials and energy were the weakest.
Pinterest, Zillow, and Zoom made new all-time highs.
Exxon and Chevron closed at 5-month lows.
Tesla hosts its Battery Day. More on this below.
Notre Dame postponed this weekendās football game after 7 athletes tested positive for COVID. Are we heading for another lockdown? Time will tell.
Here are the closing prints:
S&P 500 | 3,315 | +1.05% |
Nasdaq | 10,963 | +1.71% |
Russell 2000 | 1,496 | +0.79% |
Dow Jones | 27,288 | +0.52% |
Stocktwits After-Hours
Tonight on After Hours:
The Lockdown Trade
Tesla Battery Day
Nike Earnings Review
Listen: Spotify | Apple Podcast | Google
Nike Earnings
Nike reported earnings today after the close.
Here are the numbers:
EPS: $0.95 vs $0.48
Revenue: $10.6B ā¼ 0.6% Y/Y
Nike President and CEO John Donahoe had this to say:
Our results this quarter continue to demonstrate NIKEās full competitive advantage, as we strengthen our position in the midst of disruption. In this dynamic environment, no one can match our pace of launching innovative products and our Brandās deep connection to consumers. These strengths, coupled with our digital acceleration, are unlocking NIKEās long-term market potential.
See the press release here.
To Infinity, and Beyond
On Monday, NASA announced the first woman and next man to go to the moon.Ā
NASAās $24B expedition Artemis is expected to launch in 2024 to prepare the space agency for future travel to Mars. NASA also plans to build a lunar base on the Moon with the help of Bezos and Elon.Ā
While some question the planās 2024 launch date, NASA administrator Jim Bridenstine said:
2024 is an aggressive timeline. Is it possible? Yes. Does everything have to go right? Yes.
This is exciting. Hereās BBC with more.
Tesla Battery Day
Tesla is holding its highly anticipated Battery Day.
To get started, the company reiterated its mission to accelerate the transition to renewable energy.
See Teslaās investor relations here.
This story is still developing.
Hereās Seeking Alpha with more.
Bridgewaterās Bizzare Strategy
Ray Dalio is known to be an unconventional guy. Here he is at Burning Man in 2019:
Now, Dalioās hedge fund, Bridgewater Capital, turns to the great outdoors to deal with COVID.
The firm set up tents in the woods so traders can continue to work during the pandemic. Quite the recruitment strategy. š
Hereās Fortune with more.
Earnings Tomorrow
Be sure to know when your stocks report earnings. Hereās the earnings calendar.
Links That Donāt Suck
šÆš² The Bank of Jamaica
šŗšø Ruth Bader Ginsburgās Indelible Mark On American Business
š² WilkinsonEyre designs Curved Lille Langebro Cycling Bridge in Copenhagen
š Hamlin and Jordan Launch NASCAR Cup Team, Hires Bubba Wallace
š Nikola Jokic Plays Basketball as if Itās Water Polo
š Record Wave, National Park Dream Job, and More: Adventure News of the Week
š¼ Ellen DeGeneres Is Selling $10 Million of Art in the Hamptons