Investing

What’s likely to move the market

A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. 

Andrew Kelly | Reuters

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching as the Dow and S&P 500 posted fresh records Tuesday, and what’s on the radar for the next session.

The staples

  • CNBC TV’s Dominic Chu reports on consumer staples in Wednesday’s edition of “Sectornomics.”
  • Consumer staples are right in the middle, ranked in sixth place among the 11 S&P sectors. In 2024, it’s up about 16%.
  • Walmart is the top performing stock in the sector, up 53% this year.
  • Kellanova ranks second, up 44% in 2024.
  • Costco is third, up 36.6% year to date.
  • At the bottom: Walgreens, Dollar Tree and Lamb Weston. Each of those names have been hit pretty hard this year. Lamb Weston is down 40% in 2024, while Dollar Tree is off about 50%. Walgreens is down 67% year to date.
Stock Chart IconStock chart icon

Lamb Weston’s performance in 2024

China

Copper

  • It is up 12.5% in the last six weeks.
  • Copper’s movements sometimes follow China as that country is generally seen as a big buyer of the commodity.
  • Newmont is now at a 27-month high after jumping 2.5% Tuesday. It is up 31% in three months.
Stock Chart IconStock chart icon

hide content

Newmont shares performance over the past three months

Micron earnings are due after the bell

  • CNBC TV’s Seema Mody is covering the company Wednesday.
  • Micron Technology is down 32% in the past three months.
  • The stock is 40% from the June 18 high.
  • However, shares are up 36.5% in the last year.

Source link

Share with your friends!

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up now for breaking stock alerts

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.