What’s likely to move the market

by Pelican Press
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What’s likely to move the market

The New York Stock Exchange.

Michael M. Santiago | Getty Images

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Here’s what CNBC TV’s producers were watching as the Dow Jones Industrial Average snapped a three-day win streak, and what’s on the radar for the next session.

Starboard Value’s investment in Kenvue

  • We’ll find out a lot more on Tuesday when Starboard’s Jeff Smith joins CNBC TV’s David Faber.
  • Kenvue shares shot up 5.5% Monday as investors got behind Starboard.
  • Kenvue was spun off of Johnson & Johnson last year.
  • The stock is flat since the company started trading more than a year ago.
  • After Monday’s jump, the stock is 2.7% from the 52-week high.
  • As of Monday’s close, Kenvue has a 3.6% dividend yield.
  • Kenvue is the company that makes Listerine, Aveeno, Tylenol and Zyrtec.
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Kenvue in 2024

GE Aerospace reports before the bell

  • GE Aerospace reports in the morning.
  • It is just off the 52-week high hit last week.
  • The stock is up 90% so far in 2024 and up about 130% in a year.
  • Over the past three months, GE is up 22%.

General Motors reports before the bell

  • GM also reports Tuesday morning.
  • The stock is 3% from the July high.
  • Shares fell as low as $26.30 in the days following the 2023 United Auto Workers’ strike.
  • The stock is up 86% from that level.
  • So far in October, GM is up 9%.
  • In the past three months, GM is up 1%.
  • CNBC TV’s Phil LeBeau will cover it all.
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General Motors shares over the past three months.

The defense companies report

  • CNBC’s Morgan Brennan will cover Lockheed Martin and RTX on Tuesday.
  • Lockheed hit a new high Monday. The stock is up 29% in the last three months.
  • RTX is right near the high hit last week.
  • The stock is up 22.5% over the past three months.
  • RTX and Lockheed are both in the middle of the pack as far as where the defense stocks stand in October. BWX Technologies is up about 17% this month, and Elbit Systems is up nearly 7%. Howmet Aerospace is up 6% month to date.

Verizon reports before the bell

  • The communications stock is up 5% in three months.
  • Verizon is 3.6% from the Sept. 30 high.
  • As of tonight, the stock has a dividend yield of 6.2%.
  • AT&T has a dividend yield of 5.1% tonight.
  • AT&T is up 13% in three months.
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Verizon Communications in the past three months.

Texas Instruments

IPOs

  • Several debuts are expected on Wall Street Tuesday: SAG Holdings, which is a Cayman Islands holding company that specializes in the auto market. There’s also Huhutech, a China-based industrial company, as well as Jinxin Technology and Aldel Financial.
  • The Renaissance IPO ETF (IPO) hit a new high Monday. The ETF is up 46% in the last year.



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