Wednesday’s big stock stories: What’s likely to move the market in the next trading session

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Here’s what CNBC TV’s producers were watching as stocks rose modestly Tuesday and what’s on their radar for Wednesday’s session.

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Nvidia

• CNBC TV’s Seema Mody will report on Nvidia’s numbers after the bell.
• On “Market Navigator” Tuesday, a part of “Power Lunch,” OptionsPlay’s Tony Zhang

• a put spread to capitalize if the stock falls after the report.
• Nvidia is up about 179% in the last year, and it has surged 159% in 2024.
• The stock is 8.8% from the June 20 high.
• Of the analysts tracking the stock, FactSet shows that 92% rate it a buy or overweight, while 8% deem it a hold. The average price target is $142.63, and the stock closed at $128.30 today.
• Nvidia is up 20.5% in the past three months.

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CrowdStrike

• CNBC TV’s Steve Kovach will have the quarterly numbers after the bell.
• There’s a lot of drama for CrowdStrike after a major IT outage July 19.
• The stock is down 21.5% since then.
• It had taken a leg lower before that. It’s down 32% from the July 9 high.
• In the last year, however, CrowdStrike is up 80%.
• The stock is down 23% in the past three months.

Salesforce

• CNBC TV’s Julia Boorstin will report as the company releases quarterly earnings after the bell.
• The stock is 17% from the March high.
• Salesforce is down 3% in the past three months.

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The Great American Consumer

• There were two good notes from NYSE producer and earnings guru Robert Hum here at CNBC on Tuesday.
• He was watching Nordstrom and PVH. Both saw strong regular-price sales/full-priced sales.
• Both did better than expected.
• Nordstrom is up 6% after the bell. The stock is down 7% in August.
• PVH is down 7% after the bell. The stock is up 4.4% in a month.

Foot Locker

• The retailer reports Wednesday morning. 
• Foot Locker is 8% from the February high.
• The stock is up nearly 49% in the past three months.
• Nike is down 7% in that time period. It is 31% from the December high.

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China

• BHP CEO Mike Henry told CNBC TV’s Morgan Brennan he sees a comeback in the Chinese property market.
• The iShares MSCI China ETF (MCHI) is 12% from the May high and flat in August.
• The iShares China Large-Cap ETF (FXI) is 10% below the May 52-week high. The ETF is up 2.15% in five days, and it’s up 4% in a month.
• The KraneShares CSI China Internet ETF (KWEB) is 22% from the May high. The ETF is down 3.2% in two days and down 3.6% in August.

Shake Shack CEO’s Rob Lynch

• Wednesday marks 100 days since Rob Lynch took over as CEO.
• Shake Shack is up 10% in three months, and it’s 3.5% off from the May 6 high.