Thursday’s big stock stories: What’s likely to move the market in the next trading session

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Traders work on the floor of the New York Stock Exchange (NYSE) on September 19, 2024, in New York City.
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Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for the next session.

On the line

  • T-Mobile hit an all-time high on Wednesday. The stock is up 15.6% in three months.
  • AT&T is up about 18% in three months. It is just off the mid-September high.
  • Verizon is up 9.6% in three months. It’s also just off the 52-week high hit in late September.
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Verizon shares in the past three months

The port strike impact

  • CNBC TV’s Pippa Stevens will go through the list of commodities that could see price changes because of the port strike.
  • The list is long, but it includes sugar, cocoa and coffee.
  • Coffee is up 72% in the last year, a lot of that is due to weather. Coffee is down 4.7% in the last week.
  • Cocoa has doubled in a year. It is down 12% in a week.
  • Sugar is up about 17% in a month, but down more than 3% in a week.

Office real estate investment trusts

  • CBRE hit a new all-time high Wednesday. It is up 43.5% in three months.
  • Vornado is up 51% in three months, standing 1.5% from the mid-September high.
  • BXP is up 30% in three months. It is 4.4% from the Sept. 19 high.
  • Brandywine Realty Trust is up 26% in three months. It hit a new high Wednesday.
  • SL Green is up 24% in three months. The stock is 6.5% from the Sept. 18 high.
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SL Green shares in the past three months

Crypto

  • CNBC’s Emily Wilkins in our Washington bureau will go in-depth on the Republican candidates getting behind crypto.
  • Coinbase is down 14% in three days. It’s 42% from the March high.
  • MicroStrategy is down 6.5% in three days. Shares are 17% from the March high.
  • Riot Platforms is down 7.5% in three days. It’s 61% from the December high.
  • Galaxy Digital is down 11% in three days. It is 13% from the high which was hit last week.
  • Cleanspark is down 13% in three days. Shares are 64% from the March high.
  • Bitcoin itself is down 4% in a week, standing in the $60,000 range.

Constellation Brands

  • The spirits company reports in the morning before the bell.
  • Constellation Brands is down 1% in the past three months.
  • It is up 6% in one month.
  • The stock is 7% from the April high.
  • Constellation’s brands include Modelo and Corona beer. Casa Noble Tequila and Svedka Vodka are also in the portfolio.

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