Friday’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 the S&P 500 pulled back from its record, and what’s on the radar for the next session.

• International Business Machines is up 3% in four days and up 4.6% in five days.
• IBM is up 13.5% in a month.
• The stock’s relative strength index, one of many metrics traders watch, hit 82 on Thursday. A reading above 70 often indicates “overbought.”
• IBM hit a new high Thursday.
• Cisco is up 1.5% in four days and up about 10% in a month.
• Cisco is 1.9% from the 52-week high hit on Oct. 16, 2023.
• Intel is up 2.8% in four days. The stock is up 4.3% in five days and up 22% in a month.
• Intel remains 55% from the Dec. 27 high. 

IBM shares in 2024

• We’ll follow Humana on Friday, as it is down 4% after hours.
• The action came after the government issued data on Medicare Advantage and Part D star ratings, and the results weren’t what the health insurer had hoped for.
• About a year ago, Humana was more than $500 a share. On Thursday, it closed at $251.44.

• JPMorgan Chase releases quarterly earnings results before the bell. The stock is up 2.4% in the past three months. JPMorgan is 5.6% from the August high.
• Wells Fargo is down 3.3% in three months. The stock is up 7% in a month. It is 7.6% from the May high.
• Bank of New York Mellon is up 22% in the past three months. The stock is up 5% in a week and hit a new high Thursday
• CNBC TV’s Leslie Picker will cover all the big bank earnings in the morning.

JPMorgan Chase shares in the past three months

• This financial powerhouse also reports in the morning before the bell.
• The stock up 17.7% in three months. BlackRock is up 8% in a month and hit a new high Thursday.
• CEO Larry Fink will be on CNBC TV in the 9 a.m. hour, Eastern.

• Industrial company Fastenal reports in the morning, too.
• The stock is up 10% in three months.
• It is 11.5% from the March high.
• The stock is part of the S&P Industrials, which is up 11.4% in three months. The group hit a new high on Wednesday.

Fastenal shares over the past three months

• We’ll get new information on the plan Thursday evening.
• CNBC TV’s Phil LeBeau is watching.
• The stock reaction will come on Friday.
• Tesla is 12% from the July high. The stock is down 4.5% in four days. Year to date, shares are down nearly 4%.

• CNBC TV’s Steve Liesman will run through the data Friday morning, showing us what’s going on inside the sector.
• The SPDR S&P Retail ETF (XRT) is up 24% in the last year.  It is 6.5% from the May high.
• In the last three months, Group 1 Automotive is the leader. Shares are up about 26% in that period.
• In second place, there’s eBay. Shares are up around 25% in three months.
• Lithia Motors ranks third, up 24% over the past three months.
• Advance Auto Parts, Dollar General and Dollar Tree are the worst RTX performers in the last three months. In that period, all three are down more than 30%.

• The new numbers are out, detailing the most shorted NYSE and Nasdaq stocks. Thanks to CNBC data man Nick Wells.
• Biotech stocks are high on the list, including Cassava Sciences. That name ranks fourth. Cassava is 41% from the August high. The stock is down 8% in four days, but it’s up more than 122% in three months.
• Kohl’s and Guess are also high on the list. Kohl’s is 36.5% from the April high and down 4.2% in four days. Guess is down 43% from the April high. Shares are down 4% in four days.