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What is likely to move the market?

What is likely to move the market?

Traders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 in New York City.

Spencer Platt | Getty Images

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Here’s what CNBC TV producers tracked as the 30-stock Dow Jones and S&P 500 posted their third straight day of losses, and what’s on the radar for the next session.

The airlines

  • After two major interviews on the topic Boeing Strike in two days, CNBC TV’s Phil LeBeau turns his attention to two major airlines.
  • He will interview Robert Isom, CEO of American Airlinesat 7 a.m. ET and Robert Jordan, CEO of Southwest Airlinesin the 9 o’clock hour.
  • American Airlines is up 22% in the last three months. The freight forwarder reported this on Thursday morning. American is 20% away from its March high.
  • Southwest also reports Thursday morning. The stock is up 13% in three months. Southwest is 12.6% from the February high.
  • In the last three months United Airlines is the leader of the group. Shares are up 52% ​​in that time frame. The stock hit a high on Monday.
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American Airlines in the last three months

The utilities

  • Utilities are the only S&P 500 sector to gain so far this week, up 0.26%. It’s up 17% in three months.
  • Four utilities hit new highs on Wednesday, including Dominion Energy, DTE Energy, Consolidated Edison And Energy.
  • Entergy is now at an all-time high. The stock is up 5.3% in one month and 24% in three months.
  • Consolidated Edison also hit a new all-time high on Wednesday. The stock rose 3% in October and has gained 15% in three months.
  • DTE is at a 25-month high. The stock is up about 3% in a month and as much as 12% in three months.
  • Dominion Energy is at a 20-month high. The stock is up 5.4% in October and 20% in three months.

Honeywell answers before the bell rings

  • In a week full of reports from major industrial companies, Honeywell is next on the list. The company reported this on Thursday before the bell.
  • The stock is up 1.4% since last reporting three months ago and hit a high on Monday. The stock is up 6.6% so far in October.
  • The S&P industrials sector is up 39% in the last year.
  • Howmet Aerospace is the frontrunner with an increase of 136% last year. It follows GE Aerospacean increase of 113%. Axon has increased by 110% in the last year.
  • Paycom, Boeing And UPS were the weakest performers in the industrial sector last year. Paycom is down 36% over the past year, while UPS is down 11%. Boeing is down 13% in a year.
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Honeywell in 2024

CBRE Group reports before the bell

  • The real estate investment trust reported this on Thursday morning.
  • The stock is up 24% over the past three months, hitting a high on Monday.
  • Many of the office REITs have had a solid three months.
  • Vornado is up 46% in three months. BXP is up almost 26% in three months, and SL Green has increased by 20%. Brandy wine is up about 12% during this period.
  • S&P real estate is up 8.5% in three months. That’s 2% from the mid-September high.

Several regional banks report on Thursday

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Valley National Bancorp in the last three months

Weyerhäuser answers the bell

  • The company, which specializes in wood products, has grown 5% in the last three months.
  • Weyerhaeuser is 12% from the March high.
  • There are two ETFs with nifty symbols in the space. CUT is the Invesco MSCI Global Timber ETF, which has remained unchanged for three months. That’s 4.6% from the September high.
  • That is WOOD iShares Global Timer & Forestry ETF. It’s also flat in three months. The ETF is 7% away from its September high.

Microsoft’s AI copilot

  • CNBC TV’s Steve Kovach follows Microsoft’s AI Copilot product on Thursday, nearly a year after its release.
  • Microsoft closed trading Wednesday at $424.60 per share. That’s 9.3% from the July high.
  • The stock is up about 13% so far in 2024.

Nvidia’s Jensen Huang in India

  • CNBC TV’s Seema Mody will be watching and listening Nvidia CEO Jensen Huang’s journey to India, a growing tech hotspot.
  • Nvidia is down 3.4% from Tuesday’s peak.
  • The stock is up about 15% so far in October and 181% in 2024.

Palantir’s Alex Karp

  • The defense technology company’s CEO will join CNBC TV’s Morgan Brennan and Jon Fortt at 4 p.m.
  • Palantir rose 14.5% in October.
  • The stock is down 4% from its October 14 peak.
  • Palantir has almost doubled in the last six months. Wednesday’s price ended at $42.59 and shares were up 1% in the after-hours session.