A mural promoting bicycle commuting as a means of ‘getting to happiness’ outside the Walmart Home Office location in Bentonville, Arkansas, U.S., on Monday, November 21, 2022.
Terra Fondiest | Bloomberg | Getty Images
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Here’s what CNBC TV producers saw on Monday and what’s on the horizon for the next session.
Walmart reports before the bell
- The retail giant will report big on Tuesday morning.
- Shares are up about 14% since the last report three months ago.
- Walmart is 2% above the high reached last week. Shares rise 60% by 2024.
- Target Wednesday report. Shares are up nearly 9% in three months and are 14% above their April high. Shares are up about 10% in 2024.
Lowe’s income is also in the docket
- The stock is up about 13% since its last report three months ago.
- That’s 5% off last month’s high.
- Lowe’s is up 22% year-to-date in 2024.
- Home Depot also up 13% in three months, but still 2.6% off its mid-October high, and the stock is already up 18% in 2024.
Lowe’s stock year-to-date
Timber prices put pressure on builders
- This item is on a growth path of 35% since the beginning of July.
- CNBC’s Diana Olick will report Tuesday on why prices are so high and their impact on home builders.
- Over the past month, homebuilder inventories have plummeted for a number of reasons, not just wood.
- pulse group down about 14% in a month.
- DR Horton 17% off in one month.
- Lennar down 11% in one month.
- Taylor Morrison 2% decrease in one month.
- Hovnan language down more than 19% in one month.
- KB home page down 9% in one month.
Gamers are at their peak
- Electronic art And Take-Two Interactive Stocks all hit highs on Monday.
- Electronics Arts is at an all-time high since it hit the market in 1989.
- Take-Two is at its best since November 2021.
- EA was up nearly 9% in November.
- Take-Two gained more than 13% in November.
Electronic Arts shares over the past three months
Launch of the SpaceX spacecraft
- A key test for the SpaceX Starship is set for Tuesday night at 5pm ET.
- Cathie Wood’s ARK Venture Capital Fund (ARKVX) has SpaceX as its largest stake. It accounts for about 13% of the fund. ARKVX is up nearly 4% in a month and more than 8% in the past three months.
- SpaceX is 9% of Baron Focused Growth Fund (BFGIX)increased more than 14% in three months. The fund is up 6% in a month.
- By the way, Tesla accounts for another 9% of the fund. That stock is up 53% in the past month and nearly 57% in three months.
