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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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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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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.