Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.
Angela Weiss | AFP | Getty Images
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Here’s what CNBC TV’s producers were watching as stocks rose modestly Tuesday and what’s on their radar for Wednesday’s session.
Nvidia
- CNBC TV’s Seema Mody will report on Nvidia’s numbers after the bell.
- On “Market Navigator” Tuesday, a part of “Power Lunch,” OptionsPlay’s Tony Zhang warned he was buying protection: a put spread to capitalize if the stock falls after the report.
- Nvidia is up about 179% in the last year, and it has surged 159% in 2024.
- The stock is 8.8% from the June 20 high.
- Of the analysts tracking the stock, FactSet shows that 92% rate it a buy or overweight, while 8% deem it a hold. The average price target is $142.63, and the stock closed at $128.30 today.
- Nvidia is up 20.5% in the past three months.
Nvidia’s performance over the past three months
CrowdStrike
- CNBC TV’s Steve Kovach will have the quarterly numbers after the bell.
- There’s a lot of drama for CrowdStrike after a major IT outage July 19.
- The stock is down 21.5% since then.
- It had taken a leg lower before that. It’s down 32% from the July 9 high.
- In the last year, however, CrowdStrike is up 80%.
- The stock is down 23% in the past three months.
Salesforce
- CNBC TV’s Julia Boorstin will report as the company releases quarterly earnings after the bell.
- The stock is 17% from the March high.
- Salesforce is down 3% in the past three months.
Salesforce in 2024
The Great American Consumer
- There were two good notes from NYSE producer and earnings guru Robert Hum here at CNBC on Tuesday.
- He was watching Nordstrom and PVH. Both saw strong regular-price sales/full-priced sales.
- Both did better than expected.
- Nordstrom is up 6% after the bell. The stock is down 7% in August.
- PVH is down 7% after the bell. The stock is up 4.4% in a month.
Foot Locker
- The retailer reports Wednesday morning.
- Foot Locker is 8% from the February high.
- The stock is up nearly 49% in the past three months.
- Nike is down 7% in that time period. It is 31% from the December high.
Foot Locker’s performance over the past three months
China
Shake Shack CEO’s Rob Lynch
- Wednesday marks 100 days since Rob Lynch took over as CEO.
- Shake Shack is up 10% in three months, and it’s 3.5% off from the May 6 high.
