ECONOMIC SILUET: Watch these hot homebuilders and McDonald’s in tomorrow’s trading

Kamis, 20 April 2023

THU, APR 20, 2023

Tomorrow's Top CNBC Stories Tonight

Homebuilder stocks rally on the back of D.R. Horton's results

D.R. Horton's big earnings beat before the bell boosted homebuilder stocks, with D.R. Horton posting its best gain since November. Lennar gained over 2%, while smaller KB Home and Toll Brothers gained 1%. The iShares U.S. Home Construction ETF (ITB) is currently tracking for its best weekly gain since early February and closed today at a 52-week high. The ETF is trading around 10% away from its 2021 all-time high.

AT&T's sharp slide

AT&T's 10% drop today was its worst since 2000. It and rivals T-Mobile and Verizon are among the worst performers in the Communication Services sector so far this year, though T-Mobile is in positive territory and sits roughly 5% away from its recent high. As of today's close, AT&T is 18% away from its January high and Verizon is over 30% from its high. The Communication Services Select Sector SPDR ETF (XLC), by comparison, is around 13% off its recent high.

XPO shares power higher

XPO soared 18% today after appointing a former Old Dominion Freight Line executive as chief operating officer of its North American less-than-truckload operations. XPO had been trailing its larger rival, Old Dominion, so far this year. But with today's move, both are up over 20% year to date and around 9% away from their respective 52-week highs.

Coinbase ending the week with a whimper?

Coinbase heading for its worst week since early March, down 13% so far. The move comes as bitcoin has fallen around 7% week to date and amid regulatory scrutiny. Still, the stock is up over 70% in 2023. Smaller crypto players like Marathon Digital and Riot Platforms have fallen almost 20% this week.

Restaurant stocks' performance ahead of key earnings week

Despite finishing the day in negative territory, both McDonald's and Chipotle extended their recent string of intraday records. Both stocks have been outperforming the S&P 500 this year, with McDonald's up 10% year to date and Chipotle up 30%. Yum! Brands isn't far behind and is still trading near its highest level since January 2022. A flurry of restaurants will report earnings next week, and Kate Rogers will take a look at the top names to watch on CNBC tomorrow.

4-20 Day and cannabis stocks are far from a high

Columbia Care is 83% away from its 52-week high. Shares are down 36% year to date.
Aurora is 81% away from its 52 week high. The stock is down nearly 34% in 2023.
Canopy is down 80% from its 52-week high. Shares are down 41.5% in 2023.
Trulieve is 73% off from its 52-week high. Shares are down 33% in 2023.
The Global X Cannabis ETF (POTX) is 73% from the high, down 26% year to date.

Friday marks 58 years since McDonald's became a public company

Our data team is still calculating how much the stock is up from IPO day. We'll have it on CNBC tomorrow, but I can tell you in the last 20 years MCD is up 1,718%.
The company reports Tuesday.
The stock is on a tear: It's at an all-time high. Shares are up 4% in April. They've gained 7.5% in the past month, and they're 14% higher than a year ago.
But many of the company's peers are higher over the last month, including Red Robin, which is up about 12% in a month. Chipotle is up 11.7% in a month, and Restaurant Brands International is up 10.5% in a month.
Kate Rogers will report on the restaurants getting set to report Friday on CNBC.
Ethan has more on some other restaurants above.

Homes sweet homes

NVR is at a 17-month high. Shares are up 27.7% in 2023.
Lennar is at a 16-month high. The stock is up 23.6% in 2023.
D.R. Horton is now at a 17-month high. Shares are up 21% in 2023.
More from Ethan Kraft on the homebuilders above.
S&P Homebuilders are up about 7% in a week. There are a few ETFs covering the sector, including the iShares U.S. Home Construction ETF (ITB) and the SPDR S&P homebuilders ETF (XHB). ITB is up 5.5% in April, and in that time XHB is up about 2.8%.

Semiconductor stocks

The VanEck Semiconductor ETF (SMH) has dropped 4.7% in April, after a bit of a run up that started in February. S&P Tech by comparison is down 1.6% in April.
STMicroelectronics is the biggest loser, down 11.3% this month.
ON Semiconductor is down nearly 10% this month.
NXP Semiconductors is down 9% this month.
Micron Technology and Cadence Design Systems are the only stocks in the SMH showing gains in April. Both are up just under 2%.