Traders work on the floor of the New York Stock Exchange (NYSE) on October 24, 2024 in New York City, USA.
Brendan McDiarmid | Reuters
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Here’s what CNBC TV producers were watching as the S&P 500 snapped its three-day losing streak, and what they’re watching for next.
tesla
This stock is once again trending among traders and investors. Tesla rose nearly 22% on Thursday. The stock is currently down just 4% from its July 11 high. Today’s volume was off the charts, more than triple the 30-day average. CNBC contributor Jeff Kilberg was featured on CNBC.com/pro writing Stock Options Strategies on the night of the Oct. 10 robotaxi demo. Mr. Kilberg sold his position on Thursday when the stock hit $255 per share, locking in a profit of about 220% in two weeks. On Thursday, the stock rose to $262.12, well above its 200-day moving average. The lifetime high was $414.50 in the fall of 2021. It was the most popular ticker on CNBC.com on Thursday, even surpassing the popular 10-year Treasury note. Stock chart iconStock chart icon
Tesla stock in 2024
Kramer on the rig
CNBC’s “Mad Money” aired an hour-long episode of a Chevron-operated excavator 140 miles deep in the Gulf of Mexico. If you want to know about energy markets, go back and look. “Energy is a critical part of the global economy, and especially when we find ourselves in a situation where energy supplies are constrained, energy is a critical part of the global economy,” Kramer told CEO Mike Wirth. In some cases, that’s the case.” When restricted by political action, it can trigger an inflationary response in the economy. He added: “Energy is the lifeblood of the economy because the price of energy is built into everything, everything is delivered, everything is manufactured.” “Affordable and reliable energy is essential to sustaining this trend.” “Chevron is up 10% from its April high and flat year-to-date. The S&P Energy sector is up 8% from its 52-week high. It’s up about 8% year-to-date. The top performer is Targa Resources, up 94% in 2024, followed by Williams Companies in second place, up 51% in 2024, and Kinder Morgan in third place, up 42% this year. All three names are near the highs, with APA, Halliburton, and SLB at the bottom of the sector, falling in the 20% to 30% range in 2024. .
Capri and Tapestry transactions blocked
Tapestry soared 14% after the bell after a judge ruled “no” to the proposed retail deal after the Federal Trade Commission filed a lawsuit seeking to block the retail deal. Capri, which owns brands such as Versace, Jimmy Choo and Michael Kors, fell 47%. Tapestry includes Coach, Kate Spade and Stuart Weitzman. Stock chart iconStock chart icon
2024 tapestry
restaurant
CNBC TV’s Kate Rogers predicts upcoming restaurant reports, including Starbucks and McDonald’s. Both fell this week following bad news. McDonald’s shares are down nearly 5% so far this week due to the E. coli issue. The stock price has increased 19% in three months. Starbucks was flat this week. The stock price rose 30% in three months. This is largely due to optimism over new Chipotle CEO Brian Nicol being on Rogers’ watch list. The stock is up 15% in three months, but is up 14% from June’s high, and Cava is up 78% in three months. That’s a lot of pita. The stock hit a new high on Thursday. Sweetgreen has risen about 50% in three months. The stock is up 8% from its high two weeks ago, and Darden is up 16% in three months and 8% from its March high. Brands include Olive Garden, Longhorn Steakhouse, Ruth’s Chris Steak House, The Capital Grille and Seasons 52. Bloomin’ Brands has Bonefish Grill and Outback Steakhouse, but what’s really going down is the stock price. The stock is down 15% in three months and is now down 47% from its March high.
fanny and freddie
Both stock prices have been rising recently. The Federal Home Mortgage Association is up about 9.4% in four days, driven in part by speculation that former President Donald Trump will privatize the company if he wins the election. The company’s stock is up about 29% in October, while Freddie Mac is up 5.4% so far this week and is up 18% in October.
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