Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As the S&P 500 retreats from all-time highs, here's what CNBC TV producers were watching and what they're eyeing for the next trade. REAGAN DEFENSE FORUM CNBC TV's Morgan Brennan will be broadcast live from California on Friday for this important conference at a critical time for the industry. The iShares U.S. Aerospace & Defense ETF (ITA) is down 3.3% from last month's high. The best performing stock last month was Archer Aviation, up 135% over the period. Rocket Lab USA doubled in size in one month. Taser gun maker Axon Enterprises is up 56% in one month. AeroVironment, Sturm Ruger, and General Dynamics are at the bottom last month. Wahid Nawabi, CEO of AeroVironment, a company focused on drones, will join Brennan on CNBC at 5 p.m. ET. The stock has fallen about 25% in the past month and is down 30% from its 52-week high. 2024 AVAV YTD Mountain AeroVironment Volatility numbers remain historically low. But on CNBC's “The Exchange” at 1 p.m., Kelly Evans speaks with one of the market's veterans and says that's likely to change. “I think we're going to see a lot more volatility. We're looking at 5% to 10% more declines than we've seen in the past,” Jay Bowen of Bowen, Haynes & Co. told Evans on Thursday. Leading software firm Renaissance Macro's Jeff DeGraaf appeared on “Closing Bell” with Scott Wapner on Thursday and said, “NVIDIA's charts are just fine with me. Microsoft is starting to break out.” did. All eyes are on Microsoft stock, which is down 5.5% from its July high. It rose 4.5% in four days. Microsoft is up 17% in 2024. iShares Expanded Technology Software Sector ETF (IGV) is up 34% in 2024. The highest price has been updated this week. De Graaf believes software will overtake chips and become the technology leader by 2025. The VanEck Semiconductor ETF (SMH) is up 42% since the beginning of the year and 12% since its July high. SMH YTD Mountain 2024 VanEck Semiconductor ETF (SMH) New Industries For the second time this week, Kelly Evans profiled a guest who recommended what Bowen described as “industrial technology companies masquerading as regular industries.” Bowen sees opportunities in new areas for companies like Eaton, Corning, Teledyne and Parker Hannifin. This is the second guest on the show this week with this theme. The first person was Mr. J. Denis Jean-Jacques of Ocean Park Investments. Eaton is up about 10% in one month. The stock is up 2.4% from its November 26th high. Corning is up 5% in one month. It is 2.5% from the October 29th high. Teledyne is up 3% from its November high and is up about 11% in three months. Parker Hannifin is up 2.5% from its Nov. 25 high and is up 21% in three months. Talen Energy has fallen 2.5% from that level after hitting a new high on Thursday. The stock is up about 18% in one month and 54% in three months. Quanta Services is up 4.3% from its November 26 high. The stock price rose 6.5% in one month and 33% in three months. Clean Harbors has risen 7.6% since its high in late October. Cummins hit a new high on Thursday. The stock price rose about 28% in three months, and is expected to rise 58% in 2024. Tom Rotunno, Dollar General CNBC's stock manager, was monitoring news about the stock Thursday. Dollar General missed profit expectations and ended the day flat. Inflation and its impact on stock prices will be a big topic for us on Friday. Rotunno noted that Dollar General CEO Todd Vasos said foot traffic is down during the last week of the month as customers struggle to make ends meet. “We expect continued pressure,” Vasos said. Dollar General is also testing same-day delivery at dozens of stores. Dollar General and Dollar Tree are both down more than 50% from their March highs. DG YTD Mountain Dollar General 2024 Amazon stock hit a new all-time high on Thursday. Thanks to CNBC's Chris Hayes for the statistics and facts. Amazon's stock rose 7.2% in one week and about 11% in one month. On the Move We'll continue to focus on Uber and Lyft on Friday. Both stocks took a hit on Thursday, dropping about 10% each. Both are down about 25% from their 52-week highs. Ride-sharing stocks fell after Alphabet Inc.'s Waymo announced it would expand into the Miami market and launch robotaxi services in the city in 2026. Let's see what happens.
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