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A mural promoting bicycle travel as a means of ‘getting happy’ outside the Walmart Home Office location in Bentonville, Arkansas, US, Monday, November 21, 2022.
Terra Fondriest | Bloomberg Getty Images
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Here’s what CNBC TV producers watched Monday and what’s on their radar for the next session.
Walmart reports before the bell
- The retail giant will be the big company report Tuesday morning.
- The stock is up about 14% since the last report three months ago.
- Walmart is 2% of the high it hit last week. in 2024 it changed to +60%.
- Target report Wednesday. The stock is up nearly 9% in three months, and 14% from April’s high. The stock has gained about 10% in 2024.
Lowe’s earnings are also on the docket
- The stock is up about 13% since the last report three months ago.
- That’s 5% from last month’s high.
- Lowe’s up 22% so far in 2024.
- Home Depot also up 13% in three months, but 2.6% away from the mid-October high and the stock has gained 18% in 2024.
Lowe stock price in Euro
The price of pressure house wood
- The commodity tumbled, up 35% since early July.
- CNBC’s Diana Olick will report Tuesday on why those prices are so high and the impact 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% in the month.
- Lennar down 11% in the month.
- Taylor Morrison down 2% on the month.
- Hovnanian down more than 19% in a month.
- KB Home down 9% in the month.
Gamers reach heights
- Electronic Arts and Take-Two Interactive Both stocks hit highs there.
- Electronics 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 almost 9% in November.
- Take-Two rose more than 13% in November.
Shares from Electronic Arts over the past three months
SpaceX Starship launch
- The main test for the SpaceX Starship is set for Tuesday evening at 5 pm ET.
- Cathie Wood’s ARK Venture Fund (ARKVX) has SpaceX as its largest holding. About 13% of the funds. ARKVX is up nearly 4% on the month and 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 is up 6% on the month.
- Tesla, by the way, makes another 9% of the fund. The stock has gained 53% in the past month, and nearly 57% in three months.
