What’s likely to move the market

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Here’s what CNBC TV’s producers were watching as stocks rose on Wednesday and what’s on the radar for the next session.

• While Target and TJX reported positive news that boosted the stocks’ prices Wednesday — with TJX getting a 6% bump and Target an 11% jump — we’re turning our attention to the mall real estate investment trusts.
• Retail earnings this season — including Target, TJX and Macy’s, which fell nearly 13% in Wednesday’s session — all indicated a Great American Consumer who is becoming more cautious.
• Kimco and Simon Property Group both rose more than 1% Wednesday.
• Both stocks are up about 5% in August, and both hit new highs this week.
• Brixmor, which operates open-air shopping centers, hit a new high Wednesday. The stock is up 9% in a month.
• Tanger, the outlet mall operator, is 4% from the 52-week high hit back in March. The stock is up 2.6% week to date and up 24% in the past year.

• Ahead of a possible rail strike in Canada, shares of Canadian National Railway are 15% from the March high. The stock is down about 10% in three months.
• CNBC’s Lori Ann LaRocco will be watching it closely.
• Canadian Pacific Kansas City is 13% from the March high. The stock is flat in 2024.
• Norfolk Southern is 8% from the March high. Shares are up 7.5% in three months.
• Union Pacific is 5% from the February high. Shares are almost exactly flat in 2024.
• CSX is 16% from the February high.

• The commodity is now negative for the year after falling 1.5% on Wednesday.
• West Texas Intermediate crude is up 0.4% in 2024.
• Thanks to CNBC data chief Gina Francolla for watching oil.
• The S&P 500 energy sector is up 5.7% this year. Only the real estate sector ranks below it.
• Exxon Mobil is up about 14% in 2024.
• Chevron is down 2.6% in 2024.

• CNBC TV’s Pippa Stevens will report on the prospect of a new round of infrastructure spending.
• The S&P 500 materials sector is up 7% year to date. The S&P 500 is up roughly 18% in 2024.
• Vulcan Materials is 11% from the July 31 high. The stock is up 9% in 2024.
• Martin Marietta is 14% from the April high. It’s up 8% so far in 2024.
• Emerson Electric is 13% from the July 16 high. The stock is up 7% in 2024.
• Mosaic is 31% from the September 2023 high. Shares are down 22% in 2024.
• Freeport-McMoRan is 20% from the May high. It’s up 3% in 2024. 

• CNBC TV’s Julia Boorstin will report on where the political ad dollars are going this cycle.
• The election season is usually strong for local TV operators as House and Senate candidates load up on advertisements.
• Gray Television is down 46% so far this year. The stock closed at $4.84 Wednesday.
• Tegna is down 11% this year. The stock closed at $13.63. 
• E.W. Scripps is down 73% so far in 2024. It is a $2 a share stock.

• The stock is up 2.75% in the past three months. Overall, it’s not a good scene: The stock is down 52% in a year.

• The Chinese e-commerce stock is 40% from the 52-week high.
• The stock is down 15% in the past three months.
• Competitor Alibaba is down 3% in three months, and it’s 13% from the 52-week high.

• The stock is down 8.5% since last reporting three months ago.
• It is 17.5% from the 52-week high.

• The new restaurant chain is up 31.5% in the past three months.
• The stock hit a new high on Wednesday, closing at $102.87.
• Cava went public in June 2023: It was priced at $22 a share and closed at $43.78 on its first day of trading.

• The HR cloud software company is down 10% in three months. The stock is 25% from the February high.

• Senior economics reporter Steve Liesman will be there.