Stocks @ Night is a renowned daily newsletter that provides insights into the stock market after hours. It offers a unique perspective on what to expect in the upcoming trading session. The tech giant, Broadcom, is set to report its earnings post-market on Thursday. This news has piqued the interest of CNBC TV’s Seema Mody, who will be covering the event extensively.
Broadcom holds a significant position as the third-largest component in the popular VanEck Semiconductor ETF (SMH), making up 8.6% of the fund. Despite a solid performance with a 16% increase in the past three months, the stock is currently 17% below its June high. The broader SMH ETF has also experienced a decline of 12% in three months. However, Broadcom stands out as the third-best performer in the SMH this year, with a remarkable 38% increase in 2024.
Moving on to the automotive sector, CNBC TV’s auto and airlines expert, Phil LeBeau, is closely monitoring Ford’s August sales. Ford has witnessed a notable 13% surge in the past month, but the stock remains 26% below its peak in mid-July. On the other hand, General Motors has seen a 21% increase in share value over the last month, nearing its July high by 4%.
In the retail industry, Costco has shown a steady growth of approximately 8.3% in the past month. The company is expected to announce its August sales on Thursday afternoon. With a 35% surge in share price in 2024, Costco proves to be a strong contender in the S&P Food and Retailing Industry. In comparison, Walmart has outperformed with a remarkable 47% gain this year, solidifying its position in the market.
CNBC.com’s Michelle Fox recently highlighted the prevailing trends in various market sectors. A notable mention was made by John Devaney, CEO of United Capital Markets, regarding the challenges faced by commercial mortgage-backed securities. The article also touched upon the performance of key assets like Nuveen’s and the Invesco S&P 500 Low Volatility ETF (SPLV), which hit an intraday all-time high. SPLV, known for its stable returns, boasts notable holdings such as Berkshire Hathaway, Visa, and JPMorgan.
Amidst market fluctuations, the volatility index (VIX) has surged by 50% in the last two weeks, indicating increased market volatility. For investors seeking a more stable investment option, the SPLV ETF offers a reliable choice with a dividend yield of 2% and a consistent performance record.
The stock market is constantly evolving, presenting opportunities and challenges for investors. By staying informed about key market trends and predictions, investors can make informed decisions to navigate the ever-changing landscape of the financial markets.