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Here’s what CNBC TV’s producers were watching as the Dow ended a four-day win streak Wednesday, and what’s on the radar for the next session.
Micron Technology
On Thursday, Micron‘s CEO Sanjay Mehrotra will be on CNBC TV in the 9 a.m. hour, Eastern time. The chip giant reported quarterly results Wednesday afternoon, beating estimates. The company’s chips are used in the artificial intelligence industry. Micron said some of its chips for next year are already pre-sold out. The stock is up 14% after hours. However, Micron remains about 35% from the June high.
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Micron Technology shares in 2024
Southwest Airlines
CNBC TV’s Phil LeBeau will report on Southwest Airlines‘ investor day. The company is fighting off an aggressive push from activist investor Elliott Management. News of the investment came out June 10. Since then Southwest is barely up, just 2%. The stock took a hit Wednesday, falling about 4.6%. It is 19% from the February 52-week high.
Biogen
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Biogen shares in 2024
Hooray for Hollywood
Class B shares of Fox hit a 30-month high Wednesday. The stock is up 19% in three months. Live Nation Entertainment hit a 29-month high Wednesday. The stock is up 9.5% in September. Netflix hit another all-time high. The stock is up 48% in 2024.
The industrials
The S&P sector is up about 10% in three months. Several industrials hit all-time highs Wednesday. Thanks to CNBC’s Chris Hayes for the list. Dover hit an all-time high. GE Vernova hit an all-time high. The stock is up 8% in a week and 40% in three months. W.W. Grainger hit an all-time high. Howmet Aerospace hit an all-time high. It is up 27.5% in three months. Lockheed Martin hit an all-time high. It is up 23.5% in three months. Parker-Hannifin hit an all-time high. It is up 23% in three months. Pentair hit an all-time high. It is up 11% in a month and about 30% in three months. TransDigm Group hit an all-time high. Trane Technologies hit an all-time high. The stock is up nearly 10% in a month. Westinghouse Air Brake hit an all-time high. The stock is up almost 10% in a month.
As we wrap up our analysis of the latest stock market movements and company highlights, it’s clear that the landscape is constantly changing and full of exciting opportunities. From tech giants like Micron Technology to airline industry challenges faced by Southwest Airlines, there’s always something new to watch and learn from.
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