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 Thursday and what’s on the radar for Friday’s trading session.

Netflix earnings

• The streaming giant saw its shares surge back toward record highs after it posted better-than-expected earnings and revenue for the third quarter and said subscribers for its ad-tier jumped 35% from the second quarter.
• Shares hit an all-time high on Friday, but closed the session down 6.5% from that level.
• The stock is still up 41% this year, and 93% over the past 12 months.

Netflix shares year to date.

Semi rebound

• Taiwan Semiconductor, the world’s largest contract chipmaker, saw shares jump nearly 10%, setting a record high close.
• The VanEck Semiconductor ETF (SMH) was up almost 2%
• Nvidia rose as much as 3.8%, hitting a new intraday record, but closed the day less than 1% higher.
• ASML clawed back some of its recent losses, gaining 2.5%. It’s still down more than 16% this week.

Winning streaks

• CNBC’s Nick Wells pointed out a couple notable win streaks in the market.
• Wells Fargo is up 10 days in a row, its longest run on record. It’s up 17% in that period.
• Autodesk, Vulcan Materials, Hartford Financial, Travelers and Fidelity National are all up eight days in a row.

More reads on the consumer

• Consumer staple giant Procter & Gamble reports earnings Friday morning, and will give a read on how shoppers are reacting to continually elevated prices.
• The stock is up slightly — just about 1.7% — over the last 3 months, but has risen 17% year to date.
• Financial services company American Express is also on the calendar. That stock is up 14% in the last three months and more than 52% this year.
• Consumer lender Ally Financial is down 17.5% since its last report, and 2.6% this year.

A travel super app?

• Shares of Expedia jumped 4.75% after reports Uber has looked at acquiring the company.
• EXPE has underperformed rival Booking Holdings this year, up 4% vs. 23% for Booking.
• Airbnb is flat for the year
• UBER, meanwhile, has far outperformed rival Lyft in 2024, up 30% and hitting an all-time high this past Monday. LYFT is down 9% this year.
• DoorDash is up 53% in 2024.
• Instacart parent Maplebear is up 82% this year.

Expedia shares year to date.

China stocks falling

• China’s Housing Ministry announced new measures to prop up the country’s troubled housing market, but markets didn’t seem very impressed.
• The iShares China Large-Cap ETF (FXI) was down 2.6%, it’s now 17.8% off its highs of the month.
• The iShares MSCI China ETF (MCHI) was down 2.7%, and is 19.1% off its 52-week high.
• The China Internet ETF (KWEB) was down 3.8%, and is 20.4% from its 52-week high.
• Alibaba was down 2% today, and is 15% from its 52-week high.
• Pinduoduo was down 3% today, and is 25% from its 52-week high.
• JD.com was down 4% today, and is 19% from its 52-week high.
• Baidu was down 3.3% today, and is 27% from its 52-week high.
• Tencent was down 2% today, and is 15% from its 52-week high.

Nuclear gains

• Uranium and uranium stocks getting a boost amid the push for nuclear power to fuel the AI boom .
• Cameco rose 1.6% to hit a record high dating back to its 1996 IPO.
• The Global X Uranium ETF (URA) was up 1%, for its highest close since May.
• Uranium Energy was up 4.9% for its highest close since March 2007.

Under the weather

• Shares of health insurer Elevance dropped 10%, their worst day since March 2020, after the company cited “unprecedented challenges” in its Medicaid business.
• The stock is now negative on the year, and it traded at levels not seen since December 2021 at its lows of the day.
• Molina Healthcare was down 12.5% in sympathy. It’s down nearly 20% this year.
• Centene dropped 9% on Thursday, and is down 15% in 2024.

Elevance Health shares over the past three months.