Stocks are poised for a dynamic trading session following a record close for the Dow Industrials. Key companies like Caterpillar, AMD, SpaceX, and Snap are under the spotlight due to recent performance and upcoming reports. Economic indicators and U.S. intervention in the Japanese yen are also influencing market sentiment.
Investors are closely watching tech giants like Advanced Micro Devices and SpaceX, alongside social media firm Snap and data analytics company Palantir, as they release earnings and navigate market volatility. Pharmaceutical stocks such as Merck and Pfizer, and infrastructure giant Caterpillar, also present significant trading opportunities.
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As the Dow Industrials notched a new closing record, investors are keenly watching several key stocks and economic indicators for the upcoming trading session. CNBC TV's producers highlighted significant market action and potential catalysts.
Key Stock Watchlist:
- Caterpillar (CAT): Driven by its crucial role in data center construction, Caterpillar has seen a remarkable surge. The stock is up 18% in the last six months and an impressive 45% year-to-date. However, it has experienced a slight pullback, down 6.7% in the past three months and 22.6% off its June 30 high.
- McDonald's (MCD): The fast-food giant has seen a 7.5% dip in the last three months. After reaching a peak on March 2, the stock has since fallen 22%.
- Merck (MRK): Pharmaceutical major Merck is currently 5.4% below its July 28 high but has gained approximately 14% over the last three months.
- Pfizer (PFE): The pharmaceutical company is down around 5% in the past three months, trading 13% below its April 2 high.
Economic Insights & Global Affairs:
Tuesday morning's 'Squawk Box' featured high-profile guests discussing crucial economic matters:
- Treasury Secretary Scott Bessent appeared at 7:30 a.m. ET.
- Philadelphia Federal Reserve President Anna Paulson joined at 8 a.m.
A major topic of discussion was the U.S. intervention in the Japanese yen. The iShares MSCI Japan ETF (EWJ) has gained 15% year-to-date, though it is down 4.7% from its June high, indicating potential shifts in currency markets.
After-Hours Movers & Shakers:
On 'Closing Bell: Overtime':
- Advanced Micro Devices (AMD): Despite a strong 34% gain in three months, AMD shares have pulled back significantly from their June 30 high, currently down 17%. The options market suggests an implied volatility of 7.35%, signaling anticipation of substantial price movements. CNBC TV's Kristina Partsinevelos provided real-time analysis.
- SpaceX (SPCX): The private aerospace giant has experienced a dramatic downturn, falling approximately 50% from its June 16 high of $225.64 per share. It closed at $114.53 on Monday. Morgan Brennan from CNBC TV is closely monitoring the company's upcoming quarterly report, with expectations of further share releases impacting the market.
Company Reports & Executive Appearances:
- Snap (SNAP): The social media company reported better-than-expected second-quarter revenue, with CEO Evan Spiegel noting improving momentum in its advertising business. Spiegel's appearance on 'Squawk Box' is expected to provide further insights. Despite a more than 7% after-hours surge, Snap's stock is down 44% over the past year, a stark contrast to its 2021 peak. The stock is currently trading around $5, a significant drop from its $83 peak in 2021.
- Palantir Technologies (PLTR): Following a strong earnings report, Palantir's stock surged about 15% after hours. The company beat earnings expectations with a 93% year-over-year revenue increase, reflected by an implied volatility of 11%. While off 35% from its November high and down nearly 30% in 2026, the post-earnings reaction indicates renewed investor interest. Full coverage began on 'Morning Call' with Morgan Brennan.
