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Stock Market Closing Report - 12/8/20 December 8, 2020

Thursday, March 5, 2020

Dow Jones Futures 3/6/20 March 6, 2020

Stock Market Futures for 3/6/20 March 6, 2020 - Twitter @StocksToBuy

The Dow Jones and Stock Market are in crash mode due to the Coronavirus.  Will the stock market go up or down on Friday?  Keep tabs on the stock market futures which will predict the open on Friday.  If you invest or trade stocks, check out the links below to view my stocks picks for 2020.

Stock Market Futures - March 6, 2020

Dow Jones Futures - Down 620
S&P 500 Futures - Down 68
NASDAQ Futures - Down 257
Bitcoin Price - 9,140
Gold Futures - 1684
Silver Futures - 17.43
Oil Futures - 44.07
Asian Markets ( Nikkei ) - 20,750

View Today's and Yesterday's Biggest Stock Gainers - Bitcoin Stocks

Dow Jones Close 3/5/20 Stock Market Closing Prices

Stock Market Closing Prices - March 5, 2020

Dow Jones Industrial Average ( DJIA ) Close - 26,121.28 Down 969.58
Nasdaq Stock Market Close - 8,738.59 Down 279.49
S&P 500 Close - 3,023.94 Down 106.18
Bitcoin Price - 9,115
Twitter - @StocksToBuy

Commodities Closing Prices - 3/5/20
Gold Close - 1672
Silver Close - 17.44
Oil Close - 46.04
Natural Gas Close - 1.76

The Dow Jones Industrial Average closed at 26,121 on 3/5/20, as the stock market dropped back down.  We continue to see huge volatility almost every day which should stay for the next few weeks.  As for my long term investments, I own Tesla (TSLA), Beyond Meat (BYND), Grayscale Bitcoin Trust (GBTC), and Shake Shack (SHAK).  Check out my Top Stock Picks 2020.  I also updated my Stocks to Watch page.

Check out my Top Penny Stocks 2020 page for my latest penny stock picks.

Nikola Motors (NKLA) IPO Stock Ticker Symbol VTIQ

March 5, 2020 - If you missed the news this week, Nikola Motors ticker symbol will soon be NKLA.  Nikola Motors is seeking approval to merge with VectoIQ Acquisition Corp which is the new way to IPO. VectoIQ Acquisition Corp. (VTIQ) will then become Nikola Motors and the ticker symbol will change to NKLA.

-With VTIQ stock trading at $15, the combined company is currently worth just shy of $5 billion.

-The Nikola-VectoIQ transaction, expected to close in the second quarter of 2020, has been approved by the boards of both companies.  The merged company will be led by Trevor Milton, CEO of Nikola, and controlled by Nikola shareholders.

-According to Nikola, the company has $10 billion worth of back orders for their trucks.

-Nikola builds Semi-Trucks and Pick-Up trucks powered by batteries and hydrogen.

Stocks to Buy 3/5/20 March 5, 2020

March 5, 2020 - The S&P 500 soared yesterday but the stock market futures are pointing to a lower open  The stock market has seen massive panic and selling around news of the Coronavirus which has seen a very low spread in the USA.  Below are some amazing stocks to buy if you are looking to put money to work or looking to switch into high quality growth stocks.

Follow Me on Twitter - @StocksToBuy

Beyond Meat (BYND) - Beyond Meat (BYND) rebounded above $100 yesterday but is weak in pre market.  Recently, Beyond reported sales of $98.5 million vs $79.5 million expected and they are outselling competition 2-1.  BYND shares will soar in the 2nd half of 2020 as they continue to expand.  Buy BYND below $90 and hold for 5-10 years.

Tesla (TSLA) - Tesla (TSLA) rallied from $610-$820 in a week and is pulling back again.  There might be one more bad quarter in Q1 but expect massive sales and earnings into 2021-2022 where Tesla will be reporting jaw-dropping sales and earnings results.  Buy below $650 and hold for the next 5-10 years.

Direxion S&P 500 Bull 3x (SPXL) - SPXL is the S&P 500 on steroids so if you are bullish on the stock market long term, this is the ETF for you.  SPXL recently dropped from $76 to $45 and then rallied back to $50.  Buy all you can below $55 and hold for the long term.

Grayscale Bitcoin Trust (GBTC) - GBTC moves with the price of Bitcoin and is the safest way to purchase Bitcoin without actually owning it.  Bitcoin will likely test $20,000 by the end of the year and explode next year if the long term trend holds.  GBTC will soar so I'd buy below $10.

VectoIQ Acquisition Corp. (VTIQ) - Nikola Motors (NKLA) purchased VectoIQ Acquisition Corp. (VTIQ) and will soon be merging with the company.  VTIQ in the $13's is a really good deal and we could easily see the $20's in a few months.

Other stocks to buy and hold for the long term - Shake Shack (SHAK), Amazon (AMZN), Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL).
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