What’s likely to move the market

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What’s likely to move the market

A trader works on the floor of the New York Stock Exchange. 

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Here’s what CNBC TV’s producers were watching as October’s trading kicked off and what’s on the radar for the next session.

OPEC

• On Wednesday, CNBC’s Brian Sullivan will report on a meeting of the oil cartel.
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  and West Texas Intermediate futures both jumped by as much as 4% on Tuesday before, during and after Iran’s ballistic missile ******* against *******.
• Even with this move, both are down about 5% in a month.
• Energy was the top performing sector of the S&P 500 on Tuesday, up 2.24%. It ******** 7.7% from the April high. In the last 12 months, the sector is flat.
• ConocoPhillips was up 3.9% Tuesday. It is 19% from the April high.
• APA was up 4.9%. It is 41% from the October 2023 high.
• Halliburton was up 3% Tuesday, and it’s 32% from the October 2023 high.
• Exxon Mobil was up 2.3%. It is 3% from the April high.
• Chevron was up 1.65% Tuesday, standing 12% from the high reached nearly a year ago.

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ConocoPhillips’ performance in 2024

Chipotle

• The burrito chain’s interim CEO Scott Boatwright and Jack Hartung, president of strategy, finance and supply chain, joined Jim Cramer and “**** Money” Tuesday night. They both touted technology in the stores, while promising to maintain human contact. That automation includes everything from food preparation and beyond.
• The stock is up 2.3% since former CEO Brian Niccol announced he was leaving.
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  is 17.5% from its 52-week high.
• Year to date, Chipotle is up 25%.
• Texas Roadhouse is up about 45% in 2024.
• Brinker International, which has brands like Chili’s, Maggiano’s Little Italy and It’s Just Wings is up 82% in 2024.
• At the bottom of the barrel this year: Bloomin’ Brands is down 41%, and Jack in the Box is down 42%. Red Robin is off 65% in 2024. 

Nike

• The stock is down 5% in extended trading after the sneaker giant reported quarterly results.
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  beat earnings expectations, but revenue came in lighter than expected.
• The sneaker company is skipping full-year guidance and has postponed investor day.
• New CEO Elliott Hill starts in about two weeks.
• CNBC TV’s Sara Eisen will stay on the story Wednesday.

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Nike shares in 2024

Tesla Q3 deliveries

• CNBC TV’s Phil LeBeau will report when
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• Tesla is up 20.5% in a month, and it’s 5% from the July high. 

Ford September auto sales

• LeBeau is also watching this release.
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  is down about 4% in a month and off roughly 16% in three months. Shares are 27% from the July high.

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Ford Motor shares over the past three months

Lilly’s R&D investment

• CNBC TV’s pharmaceutical industry reporter Angelica Peebles will interview David Ricks, Eli Lilly’s CEO, on the network Wednesday.
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  shares are down 4.3% in a week and stand 9% from the August high.
• The stock is up 51% year to date, ranking second in the S&P health care sector. It’s just below DaVita, which is up 55% in 2024.

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#Whats #move #market

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