An investor deals with the trading flooring at The New York Stock Exchange (NYSE) adhering to the Federal Reserve price statement, in New York City, UNITED STATE, September 18, 2024.
Andrew Kelly|Reuters
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Here’s what television’s manufacturers were viewing as the Dow and S&P 500 uploaded fresh documents Tuesday, and what gets on the radar for the following session.
The staples
- television’s Dominic Chu records on customer staples in Wednesday’s version of “Sectornomics.”
- Consumer staples are ideal between, rated in 6th location amongst the 11 S&P markets. In 2024, it’s up around 16%.
- Walmart is the top performing stock in the sector, up 53% this year.
- Kellanova ranks second, up 44% in 2024.
- Costco is third, up 36.6% year to date.
- At the bottom: Walgreens, Dollar Tree and Lamb Weston. Each of those names have been hit pretty hard this year. Lamb Weston is down 40% in 2024, while Dollar Tree is off about 50%. Walgreens is down 67% year to date.
Lamb Weston’s performance in 2024
China
Copper
- It is up 12.5% in the last six weeks.
- Copper’s movements sometimes follow China as that country is generally seen as a big buyer of the commodity.
- Newmont is now at a 27-month high after jumping 2.5% Tuesday. It is up 31% in three months.
Newmont shares performance over the past three months
Micron earnings are due after the bell
- TV’s Seema Mody is covering the company Wednesday.
- Micron Technology is down 32% in the past three months.
- The stock is 40% from the June 18 high.
- However, shares are up 36.5% in the last year.
