Traders work on the floor of the New York Stock Exchange on August 16, 2024.
Angela Weiss | AFP | Getty Images
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Here’s what CNBC producers were watching as stocks surged on Monday, and what to watch in the coming session.
Gold Run
The commodity hit a new high of $2,549.90 during Monday’s session and has now risen in eight of nine sessions. Thanks to CNBC Data Teamer Chris Hayes for providing the stats and facts.gold It has risen 4.5% over the last nine days. silver It increased by 8.4% over the same period. VanEck Gold Miners ETF (GDX) It rose 6.3% in one week and 10% in nine days.
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VanEck Gold Miners ETF Performance in 2024
Dollar
The dollar index hit its lowest level since Jan. 5 on Monday morning. A weaker dollar is sometimes a good thing for U.S. exporters, as it makes U.S. goods cheaper for overseas buyers. There are plenty of examples of exporters. Procter & Gamble One stock that comes to mind is this one, whose shares have risen nearly 5% since the start of August. S&P 500 It rose about 1.5% in August.
Lowe’s
The home improvement company will report quarterly results before trading begins. Shares have risen 5% over the past three months.Lowe’s It’s up 11% in a year and shares are up 7.3% from their March highs.Home Depot The stock is up nearly 11% over the past year and is up 8.5% from its March high. It’s probably not an accurate comparison, but the luxury furniture maker RH The stock is down 30% from its September high and is down 23% in a year.
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RH’s performance over the past year
Amer Sports
CNBC’s Brandon Gomez will be following the sporting goods company’s numbers ahead of its earnings release. Amer SportsIts brands include Salomon, Atomic, Wilson and Louisville Slugger. The company’s shares have fallen about 24% over the past three months. The stock is down 32% from its 52-week high in March. Meanwhile, Amer shares are up 12% in the past month.Dick’s Sporting Goods That’s up 3% from its June high, and the stock is up 16.5% in three months.Academy Sports & Outdoors That’s up 27% from its 52-week high hit in March. The stock is up 3% in the three months.
Hawaiian Airlines and Alaska Airlines
Texas Instruments
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Texas Instruments’ earnings forecast for 2024
Berkshire Hathaway
Jill Schneider of CNBC’s Flash Desk noted: Berkshire Hathaway B shares hit a new high on Monday. Berkshire Hathaway’s B shares are up 26% in 2024 and are up 4.3% for the week.