What’s likely to move the market

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Here’s what CNBC TV’s producers were watching as stocks rebounded on Tuesday, and what’s on the radar for the next session.

• The members’ only store releases September sales on Wednesday around 4:15 p.m., Eastern time.
• Costco shares are 3.6% off the Sept. 13 high, and they’re up 1.57% in a month.
• So far in 2024, Costco is up about 35%.
• On a year to date basis, the stock ranks 14th in the SPDR S&P Retail ETF (XRT) out of 80 names.
• I’m not saying these are apples-to-apples comparisons, but XRT constituents that also offer groceries — and are faring better than Costco in 2024 — include Sprouts Farmers Market, up about 140% year to date, and Walmart, up 51% year to date. Casey’s General Stores is up 38% year to date.
• Jim Cramer holds Costco in his charitable trust, having last purchased shares in June 2020. The stock is up 205% since then. That’s more than double the S&P 500 in the same time period.

• KinderCare goes public on Wednesday
• The Renaissance IPO ETF (IPO) is up 7.3% in the last month.
• The IPO ETF is 3% from the high hit three weeks ago.

• The aerospace giant was the subject of another warning on Tuesday: S&P put Boeing on “creditwatch negative.“
• The ratings agency says if Boeing’s machinists’ strike and the company’s problems continue, then it runs the risk of getting a junk rating. This would have consequences for Boeing’s bonds.
• Shares are flat after hours.
• The stock is 42% from the December 52-week high.

• While Boeing shares slump, many of the carriers are faring well over the past week.
• American Airlines is up about 9.4% in a week. It’s still 26% from the March high.
• United Airlines is up nearly 7% in a week.
• Mesa Air is up 6% in a week. It is 36% from the July high.
• JetBlue is up 4.6% in a week. It is 7.6% from the high hit early this month. But at about $7 a share, it is far from the $31 all-time high.
• Southwest Airlines is up 2.6% in a week. The stock is 13% from the February high.
• Spirit Airlines is down 17% in a week. Shares are 90% from the high they hit nearly a year ago.

• Hurricane Milton doesn’t seem to be affecting the cruise line stocks. Many of them have significant operations in Florida.
• Norwegian Cruise Line was up 3.5% Tuesday. The stock is 4% from the March high.
• Royal Caribbean was up 2%.
• Carnival was up nearly 5% Tuesday, and it’s 4.4% from the December high.