Tuesday’s big stock stories: What’s likely to move the market in the next trading session

Tuesday’s big stock stories: What’s likely to move the market in the next trading session


Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid

Brendan Mcdermid | Reuters

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Here’s what CNBC TV’s producers were watching during the rebound and what’s on the radar for the next session.

Inflation in the USA

  • Two days of key data kick-off Tuesday at 8:30 a.m. ET with the producer price index, which looks at inflation from the wholesaler’s side of the equation. Economists predict the number was up 0.2% in July from the prior month.
  • Wednesday we will get CPI, the consumer price index, also at 8:30 a.m. ET.
  • The S&P 500 is down more than 5% from its high on July 16.
  • The Nasdaq 100 is off about 10% from the July 10 high.
  • The Dow Jones Industrial Average has fallen about 5% from its July 18 high.

Gold

Home Depot

  • The home improvement (and more) giant reports quarterly numbers before the bell.
  • The stock is flat since last reporting three months ago.
  • Home Depot is 13% from the stock’s March high.
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Home Depot stock year to date.

Boeing

  • The airline maker reports July orders and deliveries tomorrow morning.
  • The stock is down about 10% since the last report a month ago.
  • Boeing is down 38.6% from its 52-week high in December.

Nvidia’s rebound

  • Seema Mody will report on Nvidia’s recent move.
  • The stock was up 4.1% today and it’s up 8.5% in five sessions.
  • Nvidia remains 22.5% from the 52-week high it hit on June 20.
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Nvidia shares over the past three months.

The other six of the ‘Magnificent Seven’

  • Meta is 5% from its July 8 high.
  • Apple is 8.3% from its July 15 high.
  • Microsoft is 13% from its July 5 high.
  • Alphabet is 15.3% from its July 10 high.
  • Amazon is 17% from its July 8 high.
  • Tesla is 29% from its Sept. 15 high.

Tesla vs. China

  • CNBC’s Eunice Yoon, who reports from China, will look at Tesla’s Chinese competitors tomorrow.
  • All the big ones are down in August, over the last month and three months.
  • Li Auto is down 27% in three months; the stock is 58% from its Feb. 27 high.
  • Xpeng is down 25% in one month, and is 67% from its Sept. 1 high.
  • BYD is down 13% in a month, 17% below its 52-week high.
  • Zeekr is down 26% in a month, and has fallen 55% since its May 13 high.
  • Nio is down 26% in three months, and has tumbled 71% since its 52-week high nearly a year ago.

13F filings

  • CNBC will be checking on the stocks the biggest fundrunners in the country are buying and selling. The 13F filings to the Securities and Exchange Commission, which make these disclosures, start tomorrow.
  • One filing that many pay attention to is Warren Buffett’s Berkshire Hathaway.
  • BRK.A is up 19% so far in 2024 and up 4% in three months.
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Berkshire Hathaway shares over the past three months



Source

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