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Here’s what CNBC TV’s producers were watching as the Dow and S&P 500 posted fresh records Tuesday, and what’s on the radar for the next session.
The staples
- CNBC TV’s Dominic Chu reports on consumer staples in Wednesday’s edition of “Sectornomics.”
- Consumer staples are right in the middle, ranked in sixth place among the 11 S&P sectors. In 2024, it’s up about 16%.
- Walmart is the top performing stock in the sector, up 53% this year.
- Kellanova ranks second, up 44% in 2024.
- Costco is third, up 36.6% year to date.
- At the bottom: Walgreens, Dollar Tree and Lamb Weston. Each of those names have been hit pretty hard this year. Lamb Weston is down 40% in 2024, while Dollar Tree is off about 50%. Walgreens is down 67% year to date.
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Lamb Weston’s performance in 2024
China
Copper
- It is up 12.5% in the last six weeks.
- Copper’s movements sometimes follow China as that country is generally seen as a big buyer of the commodity.
- Newmont is now at a 27-month high after jumping 2.5% Tuesday. It is up 31% in three months.
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Newmont shares performance over the past three months
Micron earnings are due after the bell
- CNBC TV’s Seema Mody is covering the company Wednesday.
- Micron Technology is down 32% in the past three months.
- The stock is 40% from the June 18 high.
- However, shares are up 36.5% in the last year.
Source: Investing - cnbc.com
