A mural promoting cycling as a way to ‘get happy’ outside the Walmart Home Office location in Bentonville, Arkansas, US, Monday, Nov. 21, 2022.
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 ahead of the bell
- The retail giant will hold a big corporate report on Tuesday morning.
- The stock is up about 14% since it last reported three months ago.
- Walmart it is 2% compared to the high value reached last week. The stock is up 60% in 2024.
- The target report on Wednesday. The stock is up nearly 9% in three months, and is 14% from its April high. Shares have gained about 10% in 2024.
Lowe’s wages are also on the docket
- The stock is up about 13% since it last reported three months ago.
- It is 5% from last month’s high.
- Lowe’s up 22% so far in 2024.
- The Home Depot and is up 13% in three months, but is off 2.6% from mid-October and shares have gained 18% in 2024.
Lowe’s stock year so far
Lumber prices are putting pressure on homebuilders
- The stock has been on a tear, up 35% since early July.
- CNBC’s Diana Olick will report Tuesday on why prices are so high and the impact they’re having on homebuilders.
- Over the past month, homebuilder stocks have fallen sharply, for a number of reasons, not just lumber.
- Pultegroup down about 14% on the month.
- DR Horton down 17% on the month.
- Lennar down 11% on the month.
- Taylor Morrison down 2% on the month.
- Hovnanian down more than 19% in the month.
- Home of KB down 9% in the month.
The players hit hard
- Electronic Arts again Take-Two Interactive Both stocks hit a high on Monday.
- Electronics Arts has been at the top since it hit the market in 1989.
- Take-Two is at its best since November 2021.
- EA is up about 9% in November.
- Take-Two rose more than 13% in November.
Shares of Electronic Arts in the last three months
SpaceX Starship launch
- A critical test of the SpaceX Starship is scheduled for Tuesday evening at 5 pm ET.
- Cathie Wood’s ARK Venture Fund (ARKVX) has SpaceX as its largest holding. Make up about 13% of the fund. ARKVX is up nearly 4% for the month and is up more than 8% over the past three months.
- SpaceX is 9% of the Baron Focused Growth Fund (BFGIX), which is up more than 14% in three months. The fund increased by 6% in the month.
- Tesla, by the way, makes up another 9% of the fund. That stock has gained 53% in the past month, and about 57% in three months.
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