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Here’s what CNBC TV’s producers were watching as the Dow Jones Industrial Average snapped a three-day win streak, and what’s on the radar for the next session.
Starboard Value’s investment in Kenvue
- We’ll find out a lot more on Tuesday when Starboard’s Jeff Smith joins CNBC TV’s David Faber.
- Kenvue shares shot up 5.5% Monday as investors got behind Starboard.
- Kenvue was spun off of Johnson & Johnson last year.
- The stock is flat since the company started trading more than a year ago.
- After Monday’s jump, the stock is 2.7% from the 52-week high.
- As of Monday’s close, Kenvue has a 3.6% dividend yield.
- Kenvue is the company that makes Listerine, Aveeno, Tylenol and Zyrtec.
GE Aerospace reports before the bell
- GE Aerospace reports in the morning.
- It is just off the 52-week high hit last week.
- The stock is up 90% so far in 2024 and up about 130% in a year.
- Over the past three months, GE is up 22%.
General Motors reports before the bell
- GM also reports Tuesday morning.
- The stock is 3% from the July high.
- Shares fell as low as $26.30 in the days following the 2023 United Auto Workers’ strike.
- The stock is up 86% from that level.
- So far in October, GM is up 9%.
- In the past three months, GM is up 1%.
- CNBC TV’s Phil LeBeau will cover it all.
The defense companies report
- CNBC’s Morgan Brennan will cover Lockheed Martin and RTX on Tuesday.
- Lockheed hit a new high Monday. The stock is up 29% in the last three months.
- RTX is right near the high hit last week.
- The stock is up 22.5% over the past three months.
- RTX and Lockheed are both in the middle of the pack as far as where the defense stocks stand in October. BWX Technologies is up about 17% this month, and Elbit Systems is up nearly 7%. Howmet Aerospace is up 6% month to date.
Verizon reports before the bell
- The communications stock is up 5% in three months.
- Verizon is 3.6% from the Sept. 30 high.
- As of tonight, the stock has a dividend yield of 6.2%.
- AT&T has a dividend yield of 5.1% tonight.
- AT&T is up 13% in three months.
Texas Instruments
IPOs
- Several debuts are expected on Wall Street Tuesday: SAG Holdings, which is a Cayman Islands holding company that specializes in the auto market. There’s also Huhutech, a China-based industrial company, as well as Jinxin Technology and Aldel Financial.
- The Renaissance IPO ETF (IPO) hit a new high Monday. The ETF is up 46% in the last year.
Source: Investing - cnbc.com