Tuesday’s big stock stories: What’s likely to move the market in the next trading session
2 min read
Traders work the floor of the New York Stock Exchange on August 16, 2024.
Angela Weiss | AFP | Getty Images
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Here’s what CNBC TV’s producers were watching as stocks rallied Monday and what’s on the radar for the next session.
Gold run
- The commodity hit a new high in Monday’s session: $2,549.90.
- It is now up 8 out of 9 sessions. Thanks to CNBC data teamer Chris Hayes for the stats and facts.
- Gold is up 4.5% in those nine days. Silver is up 8.4% in that same period.
- The VanEck Gold Miners ETF (GDX) is up 6.3% in a week and 10% in nine days.
VanEck Gold Miners ETF performance in 2024
The dollar
- The Dollar Index hit its lowest level since Jan. 5 on Monday morning.
- A weaker dollar sometimes is good for U.S. exporters as their stuff gets less expensive for overseas buyers.
- There are lots of examples of exporters, but Procter & Gamble is one that comes to mind. The stock is up nearly 5% so far in August. The S&P 500 is up about 1.5% in August.
Lowe’s
- The home improvement company reports quarterly numbers before the bell.
- The stock is up 5% in the past three months.
- Lowe’s is up 11% in a year, and the stock is 7.3% from the March high.
- Home Depot is also up 5% in three months. The stock has gained nearly 11% in the past year, and it’s 8.5% from the March high.
- This is probably not an exact apples-to-apples comparison, but luxury home furnishings company RH is 30% from the September high. Shares are down 23% in a year.
RH’s performance over the past year
Amer Sports
- CNBC TV’s Brandon Gomez will be watching for the numbers before the bell from this sporting goods company. Amer Sports‘ brands include Salomon, Atomic, Wilson and Louisville Slugger.
- The stock is down about 24% in the past three months. The stock is 32% from the 52-week high hit back in March. Amer, however, is up 12% in a month.
- Dick’s Sporting Goods is 3% from the June high. Shares are up 16.5% in three months.
- Academy Sports and Outdoors is 27% from the 52-week high hit in March. The stock is up 3% in three months.
Hawaiian Airlines and Alaska Airlines
Texas Instruments
Texas Instruments’ performance in 2024
Berkshire Hathaway
- Jill Schneider on the CNBC Flash Desk pointed out that Berkshire Hathaway B shares hit a new high on Monday.
- Berkshire Hathaway B shares are up 26% in 2024, and they are up 4.3% in a week.