After the Closing Bell Report: Stocks to Watch September 23, 2020

Good evening, here are some highlights from today’s trading and news you can use for tomorrows trading day.

It certainly wasn’t a good day for the auto industry, or at least in California. Governor Gavin Newsom issued an executive order to restrict new car sales in the California to only zero-emission vehicles by 2035. The Governor also declared his  support behind a ban on the controversial use of hydraulic fracturing by oil companies.

The Dow falls 525.05 points, 1.9%, to 26,763.13. The S&P 500 lost 2.4% closing  at 3,236.92. The Nasdaq Composite closed 3% lower at 10,632.99.

JNJ enters phase three trial for Covid-19 vaccine.

Tesla sues U.S. government to overturn  President Trumps administration on  tariffs on  items Tesla imports from China. CEO, Elon Musk, gives guidance that the company’s vehicle deliveries in 2020 will increase up 30% to 40% from last year. Elon Musk also promised us a self – driving $25,000 Tesla to arrive in three years.

GoodRx, the company that helps consumer find prescription drugs at a discount rises 40% in market trading today after the company’s IPO today. The offer price was $33 per share. GoodRx was founded 2011 by Facebook veterans Doug Hirsch and software entrepreneur Trevor Bezdek.

Walmart supports small business funding in a partnership with Goldman Sachs

Walt Disney Studios delayed the release of the  Marvel superhero blockbuster “Black Widow” back by six months to May 2021.

Apple falls  4%, Alphabet slid  3.5% lower along with Facebook retreating 2.3%. Netflix Inc (NFLX:NASDAQ) ended up closing down -4.19%.

JPMorgan must  pay almost $1 billion fine regarding the US investigation into its trading practices.

Rep. Matt Gaetz Calls for Criminal Investigation Bribery Probe Against Mike Bloomberg

Google Maps will show Covid-19 outbreaks around the world. Features like popular times and live busyness, COVID-19 alerts in transit, and COVID checkpoints in driving navigation were all designed to help you stay safe when you’re out and about.

Stay tuned tomorrow, September 24th, 2020 for weekly jobless claims to be released along with along with new home sales numbers.

Stocks to Watch: After the Bell Thursday September 18th, 2020

Why is Groupon Stock a Buy?

Nikola Founder Resigns. Stock Trouble on the Horizon?

Can Facebook pull the trigger on 40 million Europeans?

EX-Wife of Amazon Jeff Bezos Mackenzie Scott is Now the World’s Richest Woman.

 

 

 

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