Which is likely to move the market

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Here’s what CNBC TV producers were watching as a slide in Nvidia stock hurt the S&P 500 on Wednesday, and what’s on the radar for Thursday’s session.

• Nvidia fell about 7% after hours after reporting its quarterly report. CNBC TV’s NYSE man Bob Pisani said it when he said early Wednesday morning that it’s getting harder for Nvidia to impress Wall Street as the beats get narrower. Profit and revenue more than doubled from the same quarter a year ago, beating Wall Street estimates. However, shares are selling in extended trading. Nvidia is about 11% off its June high.
• Salesforce is up 4% after hours. The company beat expectations in the fiscal second quarter and raised guidance. The seemingly ever-optimistic CEO Marc Benioff exclusively told CNBC’s Jim Cramer tonight that “now we can really show how companies can use artificial intelligence … it’s amazing what’s happening.” He cited several customers using Salesforce’s new Agentforce technology, including OpenTable and Wyndham Hotels. Shares remain 19% off their March 1 high.
• CrowdStrike fell more than 2% after reporting earnings this afternoon. Second-quarter fiscal results were better than expected, but the cybersecurity giant cut guidance. There is still a lot of uneasiness about the stock after the massive IT outage in July. CEO George Kurtz is with “Mad Money” Jim Cramer on Thursdays at 6 p.m. The stock is 33% off its July high.

• CNBC TV’s Seema Mody follows this one.
• Intel shares fell 4.5% in three days.
• In August, Intel fell 36%.
• The stock is now 62% off its December 27 high.

• CNBC’s stock guy Tom Rotunno spent a lot of time Walgreens Wednesday.
• The stock hit a new 52-week low. It ended the day at $9.38, down 0.74% on the session.
• The Relative Strength Index shows that the stock is “oversold” with an RSI of 29. A reading of 30 or lower indicates that a stock may be oversold, but that does not mean it is guaranteed to reverse losses.
• The stock hasn’t been this low since October 1996. That was a long time ago. At the time, “Macarena” was the number one song on the Billboard Hot 100.
• It’s almost a year since CEO Roz Brewer stepped down.
• The stock is down about 64% in 2024.
• According to FactSet, four out of 20 analysts think the stock is a buy or rate it overweight. Twelve think it’s a hold, and four say it’s a sell or rate it underweight.
• Competitor CVS down 27% this year. Twelve analysts call it a buy or overweight by name, and 15 rate it a hold. There are no sell ratings for the stock. CVS is 31% off its 52-week high.

• There are plenty of quarterly reports from retailers coming up on Thursday.
• American Eagle down 9% over the past three months. The stock is up 18% from its March high.
• Best Buy increased by 21% in three months. The stock is up 6.3% from its June high.
• Burlington Stores increased by 36% in the last three months. Shares are off 2.6% from Tuesday’s high
• general dollar down 13% over the past three months. The stock is 26% off its March high.
• Gap increased by 10% in three months. The stock is 27% off its June high.
• Lululemon down 12% in three months. It’s down 50% from its peak at the end of December.
• The ultimate beauty down 3.75% in three months, down 36% from its March high.

• “Fast Money” traders weighed in Wednesday night. Guy Adami led the pack, saying “gold has separated from bitcoin.”
• For some time, many have said that the two assets share similar attributes and advantages for investors and holders.
• Gold it’s up 7% in a month.
• Bitcoin down 13% in one month.