A mural outside the Walmart headquarters in Bentonville, Arkansas, USA, on Monday, November 21, 2022, promotes bicycle travel as a way to “happy arrival.”
Tyra Favorites | Bloomberg | Getty Images
Stocks @ Night is a daily newsletter, delivered after hours, giving you a sneak peek at Tuesday and a final look at today. Free registration Receive it directly in your inbox.
Here’s what CNBC TV producers watched Monday and what to focus on next episode.
Walmart reports before the bell
- The retail giant will be among the big corporate reports on Tuesday morning.
- The stock has gained about 14% since its last report three months ago.
- Walmart That’s down 2% from last week’s high. The stock will rise 60% in 2024.
- Target reported Wednesday. The stock has gained nearly 9% in three months and is up 14% from its April high. Shares could rise about 10% in 2024.
Lowe’s earnings also on the agenda
- The stock has gained about 13% since its last report three months ago.
- That’s down 5% from last month’s high.
- Lowe’s It has grown 22% so far in 2024.
- home depot It’s also up 13% in three months, but is still 2.6% off its mid-October high, and shares are up 18% in 2024.
Lowe’s shares year to date
Lumber prices put pressure on homebuilders
- Prices for the commodity have soared, rising 35% since early July.
- CNBC’s Diana Olick will report on Tuesday why pricing is so high and what it means for homebuilders.
- Homebuilder inventories have fallen sharply over the past month for several reasons, not just lumber.
- Pulte Group It’s down about 14% in a month.
- Dr. Horton It fell 17% in one month.
- Lenard It fell 11% in one month.
- Taylor Morrison It fell 2% in a month.
- Hovnanian It fell more than 19% in one month.
- Knowledge Base Home Page It fell 9% in a month.
Players reach their peak
- Electronic Arts and Two points of interaction Shares both hit new highs on Monday.
- Since going public in 1989, Electronic Arts’ stock price has been at all-time highs.
- Take-Two is at its best level since November 2021.
- EA rose nearly 9% in November.
- Take-Two rose more than 13% in November.
Electronic Arts stock over the past three months
SpaceX starship launch
- A key test of SpaceX’s Starship is scheduled for Tuesday night at 5 p.m. ET.
- Cathy Wood’s Ark Venture Capital Fund (ARKVX) SpaceX is its largest holding. It represents about 13% of the fund. ARKVX is up nearly 4% in a month and more than 8% in the past three months.
- SpaceX accounts for 9% Barron’s Focused Growth Fund (BFGIX)It’s up more than 14% in three months. The fund is up 6% in a month.
- Tesla, by the way, makes up another 9% of the fund. The stock has gained 53% in the past month and nearly 57% in three months.
