During Tuesday's Mad Money program, Jim Cramer told viewers that during most economic downturns discretionary spending plunges. That's why it was shocking to see the numbers from names like Polaris Industries (PII) which makes ATVs and snowmobiles, Thor Industries (THO) , the RV maker, and Brunswick Corp. (BC) , a leading boat and camping equipment maker. The outdoors bull market was also alive and well with Camping World Holdings (CWH) , as people choose the ultimate social distancing vacations
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We'll witness some action in Suro Capital, which has an ownership stake dating back to when Palantir was private.
I wouldn't recommend shorting the stock ahead of earnings on Thursday.
NIO is trading just below 'new closing high' levels. A similar level was the catalyst for a breakout move in late August.
Let's review the charts and indicators ahead of earnings.