Factors That May Influence Market Movements

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

Brendan McDermid | Reuters

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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. 

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U.S. Steel in 2024

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.

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AutoZone shares in 2024

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.

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Trump Media & Technology shares in 2024

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.

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