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Traders work on the floor of the New York Stock Exchange on Sept. 18, 2024.
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Here’s what CNBC TV’s producers were watching as stocks closed October on a sour note Thursday, and what’s on the radar for the next session.
Big oil
- Chevron and Exxon Mobil report in the premarket Friday.
- CEOs from both companies are set to come on CNBC after reporting. Exxon Mobil’s Darren Woods is scheduled to be on the 7 a.m. ET hour. Chevron’s Mike Wirth will be on during the 9 a.m. ET hour.
- Chevron is down 6.8% since last reporting three months ago. The stock is 11% from the late April high.
- Exxon Mobil is down 1.5% in the past three months. It’s also down 7.5% since hitting a 52-week high three weeks ago.
CVX and XOM in past 3 months
October auto sales
- CNBC TV’s Phil LeBeau will have the numbers and stock reactions Friday morning.
- In the last month, General Motors is up 13%. The stock is 6.5% from its 52-week high.
- Ford is down 2.5% in a month. The stock is 31% from the July high.
- Stellantis is down nearly 3% the past month and 53% below a March high.
- Toyota is down 2.8% in the past month. It’s also 32% below its 52-week high.
- Honda is down 4.5% in the past month month and has fallen 20% from its 52-week high.
- Hyundai is down 7% in the past month.
Amazon
- The company did better than analysts anticipated, and now the stock is up 5.7% after hours.
- One key headline is that Amazon Web Services, the cloud side of the company, is growing quickly.
- Through Thursday’s close, shares are up 22.7% for the year.
AMZN year to date
Apple
- The tech giant surpassed earnings and revenue expectations for its fiscal fourth quarter.
- iPhone sales, the metric everyone wants to know about, rose 6% versus the same quarter a year ago.
- CEO Tim Cook told CNBC’s Steve Kovach that iPhone 15 sales were “stronger than the 14 in the year-ago quarter, and 16 was stronger than 15.”
- Still, the stock is down about 2% after hours.
- Apple is up 17% in 2024 through Thursday’s close.
Wayfair
- The online home good and furniture sales company is set to report before the bell Friday.
- The company was an investor favorite during the pandemic, hitting a high of rising to $369 a share in January 2021. It’s now at $42.83.
- The stock is down 23% over the past three months.
Simon Property
- The shopping REIT reports before the bell.
- The stock is up 10% over the past three months.
- Simon Property is also 4.5% below its Oct. 18 high.
- The dividend yield as of Thursday is 4.85%.
SPG year to date
October sector and industry check
- Financials outperformed in October, rising 2.55%.
- Communication Services gained 1.8% for the month.
- Energy, with a 0.7% advanced, was the third best-performing sector in October.
- Health care, materials and consumer staples were at the bottom of October’s list. Health care shed 4.7%, while materials and real estate lost more than 3%.
- Airlines jumped 17% in October. United was the leader, up 37% in the month.
- Construction materials were up 10% in October. Martin Marietta and Vulcan both rose 10% for the month.
- Homebuilding was hit hard, down 9.6% in October. Consumer Durables fell 6.3%. D.R. Horton fell 11.4%. Mohawk Industries, a floor manufacturer, lost 16.4% in for the month.