Before the Bell and Stock to Watch Thursday, September 24th

Good morning. In today’s newsletter Wall Street Before the Bell:

European stocks slide after Wall Street sell-off and new curbs in France  

ByteDance applies for tech export license in China amid TikTok deal talks  

 Electric vehicle charging network ChargePoint to go public at $2.4 billion valuation  

Economy

  • 8:30 a.m. ET:  Initial jobless claims, week ended September 19 (840,000 expected, 860,000 during prior week)

  • 8:30 a.m. ET:  Continuing claims, week ended September 12 (12.275 expected, 12.628 million during prior week)

  • 10:00 a.m. ET: New home sales, August (890,000 expected, 901,000 in July)

  • 11:00 a.m. ET: Kansas City Fed Manufacturing Activity Index, September  (14 expected, 14 in August)

 

  • Nikola (NASDAQ:NKLA) analyst at Wedbush turns bearish.

 

  • Today’s Markets

    In Asia, Japan -1.4%. Hong Kong -1.9%. China -1.7%. India -3%.
    In Europe, at midday, London -0.6%. Paris -0.1%. Frankfurt +0.1%.
    Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.7%. Crude +0.1% to $39.95. Gold -0.8% to $1857.50. Bitcoin -1.4% to $10338.
    Ten-year Treasury Yield flat at 0.67%

Earnings

Pre-market

  • 6:50 a.m. ET:  CarMax (KMX) is expected to report adjusted earnings of $1.08 per share on revenue of $5.21 billion

  • 7:00 a.m. ET:  Darden Restaurants (DRI) is expected to report adjusted earnings of 5 cents per share on revenue of $1.56 billion

Post-market

  • 4:05 p.m. ET:  Vail Resorts (MTN) is expected to report an adjusted loss of $3.44 per share on revenue of $136.55 million

  • 4:15 p.m. ET:  Costco (COST) is expected to report adjusted earnings of $2.84 per share on revenue of $52.23 billion

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

Walmart Is Piloting Drone Delivery in North Carolina

Can Facebook pull the trigger on 40 million Europeans?

Why is Groupon Stock a Buy?

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

 

 

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