Thursday’s big stock stories: What’s likely to move the market in the next trading session

Investing News

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024.
Brendan Mcdermid | Reuters

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching during the rebound and what’s on the radar for the next session.

Broadcom

  • The tech giant reports Thursday after the bell. CNBC TV’s Seema Mody will cover it all.
  • Broadcom is the third biggest component in the popular VanEck Semiconductor ETF (SMH), accounting for 8.6% of the fund. Taiwan Semiconductor Manufacturing and Nvidia make up a greater portion of the ETF’s net assets.
  • The stock is up about 16% over the past three months.
  • Shares are 17% from the June high.
  • The SMH is 20% from its July high. The fund is down 12% in three months.
  • Broadcom is the third best performer in the SMH this year. Shares are up 38% in 2024.
Stock Chart IconStock chart icon

Broadcom shares in 2024

Ford August sales

  • CNBC TV’s auto and airlines man Phil LeBeau will watch for Ford’s August sales in the 9 a.m. hour, Eastern time.
  • Ford is up nearly 13% in a month.
  • The stock is 26% from the July 18th high.
  • General Motors shares are up 21% in a month. They are 4% from the July 18th high.

Costco Wholesale

  • Shares of Costco are up about 8.3% in a month.
  • The retailer reports August sales Thursday afternoon
  • Costco is near the top of the food chain in the S&P Food and Retailing Industry so far this year. Shares are up 35% in 2024. Walmart is tops, with a 47% gain this year.
  • Jim Cramer is a big fan and last bought Costco for his charitable trust on June 15, 2020. The stock is up 205% since then. It’s up three times as much as the S&P 500 in the same period. 
Stock Chart IconStock chart icon

Costco shares in 2024

Asset-backed securities

The S&P 500 low volatility ETF

Articles You May Like

How to Play the Next Big Thing: the Rise of Tesla’s Robotaxi
How activist Irenic can amicably build shareholder value at Reservoir Media
Top Wall Street analysts favor these stocks for attractive long-term potential
Strong Jobs Report Sets the Stage for a Holiday Stock Rally
Tuesday’s big stock stories What’s likely to move the market in the next trading session