A mural promoting bike travel as a way to “arrive happy” outside a Walmart home office location in Bentonville, Arkansas, US, Monday, November 21, 2022.
Terra Fundrist | Bloomberg | Getty Images
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Here's what CNBC TV producers were watching Monday and what's on the radar for next session.
Walmart reports before the bell
The retail giant will be the big cap report on Tuesday morning. The stock is up about 14% since the last report three months ago. Walmart 2% from the highest level recorded last week. The stock will rise 60% in 2024. goal Wednesday reports. The stock is up nearly 9% in three months, and is 14% from its April high. Shares are up about 10% in 2024.
Lowe's earnings are also on the agenda
The stock is up about 13% since the last report three months ago. It is 5% from last month's high. Louie By 22% so far in 2024. Home Depot It's also up 13% in three months, but it's 2.6% away from the mid-October high and shares are up 18% in 2024.
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Lowe's stock year so far
Lumber prices are putting pressure on home builders
The commodity is on a tear, up 35% since early July. CNBC's Diana Olek will report Tuesday on why prices are rising and its impact on homebuilders. Over the past month, homebuilder stocks have fallen sharply, for several reasons, not just lumber. Poltigroup It fell about 14% in one month. Dr. Horton It fell by 17% in one month. Lennar It fell by 11% in one month. Taylor Morrison It fell by 2% in one month. Hovnani It fell more than 19% in one month. KB Home It fell by 9% in one month.
Players have reached the highest levels
Electronic Arts and Take Toe Interactive Stocks hit their highest levels on Monday. Electronic Arts is at an all-time high since it hit the market in 1989. Take-Two is at its best level since November 2021. EA is up nearly 9% in November. Shares of Take-Two rose more than 13% in November.
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Electronic Arts shares over the past three months
SpaceX spacecraft launch
A major test of the SpaceX Starship is scheduled for Tuesday evening at 5 p.m. ET. Cathie Wood's ARK Venture Fund (ARKVX) has SpaceX as its largest holding. It represents about 13% of the fund. ARKVX is up nearly 4% in a month and over 8% over the past three months. SpaceX owns 9% of the Baron Focused Growth Fund (BFGIX), which is up more than 14% in three months. The fund rose 6% in one month. Incidentally, Tesla makes up another 9% of the fund. This stock is up 53% over the past month, and nearly 57% in three months.
