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 during morning trading on September 04, 2024 in New York City. 

Michael M. Santiago | Getty Images

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Here’s what CNBC TV’s producers were watching as the S&P 500 posted a fourth winning day and what’s on the radar for the next session.

Benefits of the doubt during a big week for four major names

• Jim Cramer and his “
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• Kroger’s Rodney McMullen tops the list. The CEO told CNBC’s Sara Eisen on Thursday that solid performance is being driven in part by operations at the store level and their connection with customers. Kroger is locked in a legal battle with the government over its proposed merger with Albertsons. McMullen also said he sees big changes in spending habits at the start of each month when customers have more money in their pockets — compared to the end of the month when they’re buying more store brands. He said he’s starting to see similar behavior in more middle-class customers. Kroger is up 5.6% in four days. The stock is 5.4% from the April high.
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  CEO Andy Jassy is on the list. 
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  is up 9% so far this week. The stock is 7% from the 52-week high hit in July.
• Nvidia CEO Jensen Huang spoke with CNBC TV’s Megan Cassella exclusively in an interview right outside of the White House on Thursday. He said that “we’re at the beginning of a new industrial revolution” in addressing artificial intelligence. Nvidia is up about 16% this week. The stock ******** 15% from the June 20 high.
• Broadcom CEO Hock Tan is also on Cramer’s short list. The stock is up 20% in four days, and it’s 11% from the June 18 high.

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Broadcom’s performance over the past five days

The retail monitor

• CNBC TV’s Steve Liesman will have exclusive data on the state of the retailers and the Great ********* consumer in the 7 a.m. Eastern hour.
• The
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  is down 4% in three months.
• The VanEck Retail ETF (RTH) is up 3.4% in three months.
• Walmart is tops on the list in those three months, up 20%. The stock is at a 52-week high.
• Best Buy is up 13% in three months. The stock is 5.75% from the 52-week high.
• Lowe’s is up 12% in three months. It is 4% from the March high.
• At the bottom of the list: Walgreens, Dollar Tree and Bath & Body Works — all down roughly 40% in the past three months. Dollar General is down 33% in that *******.

Intel’s board meeting

• On Friday, CNBC TV’s Seema Mody will look at Intel’s board meeting, which took place this week, and what’s likely to be the next step for the chipmaker.
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  is up 2.5% this week.
• But it ******** 62% from the 52-week high hit in late December. The stock is down 37% in three months.

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Intel’s performance in the past three months

What if Boeing machinists go on strike?

• Phil LeBeau continues his reporting for CNBC TV on Friday.
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  is up 3.27% so far this week.
• It’s been a tough September: The stock is down 6.3%, and it ******** 39% off the December 52-week high.

Norfolk Southern’s new CEO

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#Whats #move #market

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