What’s likely to move the market

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What’s likely to move the market

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Here’s what CNBC TV’s producers were watching as the Dow ended a four-day win streak Wednesday, and what’s on the radar for the next session.

Micron Technology

• On Thursday,
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  s CEO Sanjay Mehrotra will be on CNBC TV in the 9 a.m. hour, Eastern time.
• The chip giant reported quarterly results Wednesday afternoon, beating estimates.
• The company’s chips are used in the artificial intelligence industry.
• Micron said some of its chips for next year are already pre-sold out.
• The stock is up 14% after hours. However, Micron ******** about 35% from the June high.

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Micron Technology shares in 2024

Southwest Airlines

• CNBC TV’s Phil LeBeau will report on
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  ‘ investor day.
• The company is fighting off an aggressive push from activist investor Elliott Management.
• News of the investment came out June 10.
• Since then Southwest is barely up, just 2%.
• The stock took a hit Wednesday, falling about 4.6%. It is 19% from the February 52-week high.

Biogen

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Biogen shares in 2024

Hooray for Hollywood

• Class B shares of
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  hit a 30-month high Wednesday. The stock is up 19% in three months.
• Live Nation Entertainment hit a 29-month high Wednesday. The stock is up 9.5% in September.
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  hit another all-time high. The stock is up 48% in 2024.

The industrials

• The S&P sector is up about 10% in three months.
• Several industrials hit all-time highs Wednesday. Thanks to CNBC’s Chris Hayes for the list.
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  hit an all-time high. 
• GE Vernova hit an all-time high. The stock is up 8% in a week and 40% in three months.
• W.W. Grainger hit an all-time high.  
• Howmet Aerospace hit an all-time high. It is up 27.5% in three months.
• Lockheed Martin hit an all-time high. It is up 23.5% in three months.
• Parker-Hannifin hit an all-time high. It is up 23% in three months.
• Pentair hit an all-time high. It is up 11% in a month and about 30% in three months.
• TransDigm Group hit an all-time high.
• Trane Technologies hit an all-time high. The stock is up nearly 10% in a month.
• Westinghouse Air Brake hit an all-time high. The stock is up almost 10% in a month.

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#Whats #move #market

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