A mural promoting bicycle travel as a means to ‘arrive happy’ outside a Walmart Home Office location in Bentonville, Arkansas, US, on Monday, Nov. 21, 2022.Â
Terra Fondriest | Bloomberg | Getty Images
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Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for the next session.
Walmart reports before the bell
- The retail giant will be the big corporate report of Tuesday morning.
- The stock is up about 14% since last reporting three months ago.
- Walmart is 2% from the high it hit last week. The stock is up 60% in 2024.
- Target reports Wednesday. The stock is up nearly 9% in three months, and is 14% from its April high. Shares have gained about 10% in 2024.
Lowe’s earnings also on the docket
- The stock is up about 13% since last reporting three months ago.
- It is 5% from last month’s high.
- Lowe’s is up 22% so far in 2024.
- Home Depot is also up 13% in three months, but it is 2.6% away from its mid-October high and shares have gained 18% in 2024.
Lumber prices pressure homebuilders
- The commodity is on a tear, up 35% since early July.
- CNBC’s Diana Olick will report Tuesday on why the pricing is so high and the impact it is having on the homebuilders.
- Over the last month, homebuilder stocks have fallen sharply, for a few reasons, not just lumber.
- Pultegroup is down about 14% in a month.
- D.R. Horton is down 17% in a month.
- Lennar is down 11% in a month.
- Taylor Morrison is down 2% in a month.
- Hovnanian is down more than 19% in a month.
