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Here's what CNBC TV's producers were watching as stocks slipped in the final session before Election Day, and what's on the radar for the next session.
China stimulus
- Leaders in China are considering a stimulus package of some sort, but it's unclear if it'll be enough to move the market.
- On Sept. 26, successful investor David Tepper of Appaloosa Management appeared on CNBC and said to buy China.
- Since then, the KraneShares CSI China Internet ETF (KWEB) is up 11%.
- The iShares China Large-Cap ETF (FXI) is up 7.8%.
- The iShares MSCI China ETF (MCHI) is up 8.2% since Tepper's call.
- However, these ETFs are all well off their post-Tepper call highs.
- KWEB is down 17% since Oct. 7.
- FXI is down 15% since Oct. 7.
- MCHI is down 16.6% since Oct. 7.
Cannabis stocks ahead of ballot initiatives
- On Tuesday, four states will vote on whether to legalize cannabis: Florida, Nebraska, North Dakota and South Dakota.
- In the last month, the cannabis complex has picked up a solid amount of good vibes from investors.
- Canopy Growth is up 24% in a month.
- Aurora is up 8.7% in a month.
- Scotts Miracle-Gro, which some say benefits from the growth of cannabis, is up nearly 10% in a month.
- Trulieve is up nearly 5% in a month.
- GrowGeneration is up 6.3% in a month.
Water
- The New York area is in the midst of its worst dry spell since 1869. That's a long time ago.
- Energy Recovery is up 9.6% in a month, and it's up 13.7% in three months. The stock is 7% from the November 2023 high.
- Global Water Resources is up about 16% in a year. It is 7.3% from the March high.
- Essential Utilities is 7.5% from the August high.
- The Invesco Water Resources ETF (PHO) is up 3.3% from the high hit over two weeks ago.
- The First Trust Water ETF (FIW) is up 3.6% from the high, also hit over two weeks ago.
- American States Water Company is up 12% in six months. It's 5.7% from the mid-October high.
DuPont
- The chemicals company reports Tuesday before the bell.
- The stock is up 3.5% in the past three months.
- DuPont is 9% from the late September high.
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Yum Brands
- The fast-food company that operates Pizza Hut, KFC and Taco Bell is down 1.8% in the last three months.
- Yum Brands is 7.3% from the April high.
Apollo Global Management
- The investment firm reports in the morning before the bell.
- The stock is up about 35% over the past three months.
- Apollo is 5% from the high hit last week.
Super Micro Computer
- Super Micro is under a microscope these days. The company was hit with a short seller report earlier this year, and most recently its auditor resigned. Shares fell about 45% last week.
- The stock is down 78% from the March high when the price was nearly $123 a share. It ended Monday at $26.03.
Copyright CNBC