Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
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Here’s what CNBC TV producers were watching as stocks rallied on Tuesday, and what they’re watching for next.
costco wholesale
The members-only store will release September sales figures on Wednesday at approximately 4:15 p.m. ET. Costco stock is down 3.6% from its September 13 high and is up 1.57% in the past month. So far in 2024, Costco is up about 35%. On a year-to-date basis, this stock ranks 14th out of 80 stocks in the SPDR S&P Retail ETF (XRT). I’m not saying these are apples-to-apples comparisons, but XRT constituents also offer groceries. Companies that will do better than Costco in 2024 include Sprouts, which is up about 140% since the beginning of the year. These include farmers markets and Walmart, which is up 51% year-to-date. Casey’s General Stores is up 38% year-to-date. Jim Cramer owns Costco in a charitable trust and last purchased stock in June 2020. Since then, the stock is up 205%. That’s more than double the S&P 500 over the same period. Stock chart iconStock chart icon
2024 Costco Wholesale
IPO in the US
Kindercare will go public on Wednesday. Renaissance IPO ETF (IPO) has gained 7.3% over the past month. The IPO ETF is up 3% from its high three weeks ago.
boeing
The aerospace giant was the subject of a new warning Tuesday: S&P put Boeing on ‘CreditWatch Negative’, with the rating agency at risk of receiving a junk rating if Boeing’s machinists’ strike and the company’s problems continue. It states that there is. This will affect Boeing’s corporate bonds. Stock prices are flat after hours. The stock is 42% from its 52-week high in December. Stock chart iconStock chart icon
Boeing stock in 2024
airline
While Boeing stock has slumped, many airlines have fared well over the past week, with American Airlines up about 9.4% over the week. It’s still up 26% from its March high, and United Airlines is up nearly 7% in one week. Mesa Airlines is up 6% over the week. JetBlue is up 36% from its July high, and JetBlue is up 4.6% in one week. That’s 7.6% from a record high earlier this month. But at about $7 a share, it’s far from its all-time high of $31, and Southwest Airlines is up 2.6% for the week. The stock is down 13% from its February high, and Spirit Airlines is down 17% in one week. The stock is down 90% from the high it hit about a year ago.
cruise company
Hurricane Milton doesn’t seem to have affected cruise line stock prices. Many of them have significant operations in Florida, and Norwegian Cruise Line rose 3.5% on Tuesday. Stocks are up 4% from their March highs, and Royal Caribbean is up 2%. Carnival rose nearly 5% on Tuesday and is up 4.4% from its December high.
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