news

Tuesday's big stock stories: What's likely to move the market in the next trading session

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 19, 2024. 
Brendan McDermid | Reuters

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here's what CNBC TV's producers were watching as the S&P 500 and Dow closed at records Monday, and what's on the radar for the next session.

U.S. Steel

  • David Burritt, CEO of U.S. Steel, will be on CNBC Tuesday in the 11 a.m. hour, Eastern time.
  • As the company focuses in on a deal with Japan's Nippon Steel, we'll hear from the man in the middle of it.
  • The stock is up more than 6% in the last week, but it remains 23% from the Dec. 18 high. 

Novo Nordisk's CEO goes to Washington

  • Lars Fruergaard Jørgensen, CEO of the pharmaceutical giant, will answer questions from senators about why the company's weight loss drugs cost what they do.
  • CNBC TV's Angelica Peebles will cover it all from Washington.
  • Shares of Novo Nordisk fell 3% today. The stock is up 19% in 2024, but it's down 16% from the June 25 high.
  • Eli Lilly, which is also a major maker of weight loss drugs, is up 58% in 2024. The stock is 5.5% from the Aug. 22 high.

AutoZone

  • The company reports Tuesday morning. AutoZone is up 2% in the past three months.
  • AutoZone is 6.5% from the March high.
  • AutoZone and O'Reilly Automotive are both up 17% so far this year.
  • O'Reilly is down about 5% from the March high.
  • Advance Auto Parts is the laggard in the sector. The stock is down 33% so far this year, and it's 54% off from the March high.

KB Home

Meta Platforms' AI Plan

  • CNBC TV's Julia Boorstin will report Tuesday on Meta's artificial intelligence plan.
  • The stock hit a new record high on Monday. It closed at $564.41 on Monday, and shares have doubled since October.
  • So far in September, Meta is up 8%.

DJT

  • Shares of Trump Media & Technology, former President Donald Trump's social media company, hit a new low on Monday. Shares ended the session at $12.15.
  • The stock, which trades under the ticker DJT, is down almost 30% in the past week. Thanks to CNBC stock man Tom Rotunno for keeping an eye on this one.

The pipelines

  • There were new highs on Monday for Kinder Morgan, Targa Resources and Williams Companies.
  • Thanks to CNBC data man Chris Hayes for keeping tabs on these.
  • Kinder Morgan is up 12% in three months. The stock pays a 29-cent dividend, and the dividend yield right now is 5.2%.
  • Targa is up 24% in three months. The company pays a 75-cent per share dividend, and it has a dividend yield of 1.9%.
  • Williams Companies is up about 10% in three months. It comes with a roughly 47-cent per share dividend, and it has a dividend yield of 4.1%.

Nuclear

  • Constellation Energy and Vistra both hit all-time highs Monday. Entergy hit a four-and-a-half-year high.
  • Constellation is up 29% in a week.
  • Entergy is up about 8% in September.
  • Vistra is up around 25% in a week.
  • This all comes amid positive Wall Street analyst feedback on nuclear energy and new commitments for investment in the industry from major banks across the world.
  • Canada's Cameco is up more than 13% in the last week, but it's still 19% from the May 31 high.
Copyright CNBC
Contact Us