What’s likely to move the market

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What’s likely to move the market

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. 

Angela Weiss | AFP | Getty Images

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Here’s what CNBC TV’s producers were watching as stocks rose modestly Tuesday and what’s on their radar for Wednesday’s session.

Nvidia

• CNBC TV’s Seema Mody will report on Nvidia’s numbers after the bell.
• On “Market Navigator” Tuesday, a part of “Power Lunch,” OptionsPlay’s Tony Zhang
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• Nvidia is up about 179% in the last year, and it has surged 159% in 2024.
• The stock is 8.8% from the June 20 high.
• Of the analysts tracking the stock, FactSet shows that 92% rate it a buy or overweight, while 8% deem it a hold. The average price target is $142.63, and the stock closed at $128.30 today.
• Nvidia is up 20.5% in the past three months.

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Nvidia’s performance over the past three months

CrowdStrike

• CNBC TV’s Steve Kovach will have the quarterly numbers after the bell.
• There’s a lot of drama for
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  after a major IT outage July 19.
• The stock is down 21.5% since then.
• It had taken a leg lower before that. It’s down 32% from the July 9 high.
• In the last year, however, CrowdStrike is up 80%.
• The stock is down 23% in the past three months.

Salesforce

• CNBC TV’s Julia Boorstin will report as the company releases quarterly earnings after the bell.
• The stock is 17% from the March high.
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  is down 3% in the past three months.

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Salesforce in 2024

The Great ********* Consumer

• There were two good notes from NYSE producer and earnings guru Robert Hum here at CNBC on Tuesday.
• He was watching
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  and PVH. Both saw strong regular-price sales/full-priced sales.
• Both did better than expected.
• Nordstrom is up 6% after the bell. The stock is down 7% in August.
• PVH is down 7% after the bell. The stock is up 4.4% in a month.

Foot Locker

• The retailer reports Wednesday morning. 
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  is 8% from the February high.
• The stock is up nearly 49% in the past three months.
• Nike is down 7% in that time *******. It is 31% from the December high.

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Foot Locker’s performance over the past three months

China

Shake Shack CEO’s Rob ******

• Wednesday marks 100 days since Rob ******
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  as CEO.
• Shake Shack is up 10% in three months, and it’s 3.5% off from the May 6 high.

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#Whats #move #market

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