A mural promoting bicycle travel by ‘Be Happy’ outside the Walmart Home Office on Monday, November 21, 2022 in Bentonville, Arkansas, US.
Terra Fondriest | Bloomberg | Getty Images
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Here’s what CNBC TV producers were watching Monday and what’s on the radar for the next session.
Walmart reports before the bell.
- The retail giant will have Tuesday morning’s big corporate report.
- The stock is up about 14 percent since last reporting three months ago.
- Walmart 2% from last week’s high. The stock is up 60% in 2024.
- target reports on Wednesday. The stock is up nearly 9% in three months, and is 14% from its April high. Shares are up nearly 10% in 2024.
Lowe’s earnings are also on the docket
- The stock has gained about 13 percent since last reporting three months ago.
- This is 5% from last month’s high.
- Low’s 22% more in 2024 so far.
- Home Depot The three months are also up 13 percent, but that’s 2.6 percent off the mid-October high and shares are up 18 percent in 2024.
Lowe’s Stock Year to Date
Lumber prices put pressure on home builders.
- The commodity is up 35 percent since early July.
- CNBC’s Diana Olick will report Tuesday on why prices are so high and how it’s affecting homebuilders.
- Over the past month, homebuilder stocks have fallen sharply, not just for lumber, but for a number of reasons.
- The Platy Group About 14 percent less in a month.
- DR Horton 17 percent less in a month.
- Lennar 11 percent less in a month.
- Taylor Morrison 2 percent less in a month.
- Hovinia Down more than 19 percent in a month.
- KB Home 9 percent less in a month.
The party peaked high.
- Electronic Arts And Take Two Interactive Shares both hit highs on Monday.
- Electronics Arts is at an all-time high since it hit the market in 1989.
- Tech2 is at its best level since November 2021.
- EA is up about 9% in November.
- Take-2 is up more than 13 percent in November.
Shares of Electronic Arts over the past three months
SpaceX Starship Launch
- A major test for the SpaceX Starship is scheduled for Tuesday at 5 p.m. ET.
- Cathy Woods ARK Venture Fund (ARKVX) holds the largest holding of SpaceX. This constitutes about 13 percent of the fund. ARKVX is up nearly 4% in one month and over 8% in the last three months.
- SpaceX is 9% of Barron Focused Growth Fund ( BFGIX ), up 14% in three months. The fund has increased by 6% in a month.
- Tesla, by the way, makes up another 9% of the fund. The stock has gained 53% over the past month and nearly 57% in three months.
