Traders work on the New York Stock Exchange (NYSE) floor on September 13, 2024, in New York City.
Spencer Platt | Getty Images
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Here’s what CNBC TV’s producers were watching on Monday as the 30-stock Dow touched a new high and what’s on the radar for the next session.
Intel
- The stock picked up ground after hours, jumping as much as 8%.
- The company is creating a separate entity for the foundry side of the business.
- Intel also announced it will produce custom artificial intelligence chips for Amazon Web Services.
- CEO Pat Gelsinger told Jon Fortt and Morgan Brennan on “Closing Bell Overtime” on Monday that “we’ve taken it to a whole another level,” when speaking about the Amazon Web Services deal.
- He also said his company’s new chip, 18A, is “making great progress.”
- Speaking about last week’s board meeting, Gelsinger told Fortt and Brennan: “I and the board are aligned in the strategy for Intel foundry and moving to the next phase in the foundry journey.”
- Shares closed higher by more than 6%, ending the session at $20.91. The 52-week high is $51.28, hit back on Dec. 27.
Intel shares in 2024
The Apple suppliers
- Apple dropped 2.8% on Monday after a few analysts questioned early iPhone 16 orders.
- Shares are 9% from the July 15 high.
- Arm dropped 6%. It’s a big part of the new phone. The stock is 27% from the July 9 high.
- Cirrus dropped 6% Monday as well, down 15% from the late August high.
- Qorvo fell 6.7%. The stock is 23% from the mid-July high.
- Skyworks fell 5% Monday. The stock is 20% from the July 16 high.
- Broadcom fell 2.2%, and shares are 11.4% from the 52-week high.
Gold
- The commodity hit a new high this morning before backing down and closing flat.
- The VanEck Gold Miners ETF (GDX) hit a high on Monday morning. The ETF ultimately ended the day lower by 0.5%.
- The GDX is up nearly 9% in a week. First Majestic, Coeur and New Gold are the best performers in the last week, all up about 30%. Anglogold, Westgold and Ramelius are the worst performers.
First Majestic’s performance in the past five trading sessions
China
Coffee
- The commodity is up 10% in the last week and a half.
- Dry weather in Brazil is being blamed.
- Coffee is up 63% in a year.
- Starbucks is flat in a year. The stock has been reacting to other news including Brian Niccol taking over as the new CEO.
- J.M. Smucker owns Folgers. The stock is 10% from the February high and up 8% in three months.