Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 logged a second straight losing day, and what’s on the radar for the next session. Inflation data The consumer price index reading for July comes out at 8:30 a.m. ET. We’ll cover it live on “Squawk Box.” The team will have the number and immediate reaction from the market. On a month-over-month basis, the Dow Jones consensus estimate sees headline CPI rising 0.1%, while the core CPI — which excludes food and energy — is expected to rise 0.2%. The Dow Jones consensus calls for headline CPI to post a 3.4% year-over-year increase, while the core CPI is expected to climb 2.5%. On prediction market Kalshi, 21% think the month-to-month number will be over 0.1%. Only 19% think the year-over-year number will be above 3.4%. Cisco reports after the bell The stock is up about 22% in three months. Cisco shares hit a high June 4, but they are down 7.6% from that level. CSCO 3M mountain Cisco in the past three months What bonds are telling Jim Cramer Jim Cramer of “Mad Money” gave a lesson on what rates are telling him. The short answer, “If long rates keep rising, the Federal Reserve will have to tighten rates.” The 30-year Treasury yield is at 5.247%, a 19-year high. Cramer’s point here: High rates help savers make safe bets on bonds, rather than a risky bet on stocks. But Cramer also believes rates could be higher because oil prices are rising. His bottom line on higher rates and higher oil: It’s hard for stocks to jump in that kind of atmosphere. Cramer also believes the growth of Nvidia , big chip stocks, AI and data centers may force him to revisit all of his traditional thinking. He also said financials and healthcare have been doing well and may provide opportunities. S & P Financials hit a high Monday and so did the healthcare sector. Financials are up about 13% in three months, and healthcare is up 17.5% in three months. We’ll have more about this Wednesday on CNBC as investors weigh safe bond bets, versus riskier bets in some parts of the stock market. Big bank hit all-time highs JPMorgan hit an all-time high on Tuesday. The stock is up 7.6% in a month and 20% in three months. Bank of America also hit a new high. Shares are up 7.3% in a month and 26% in three months. BAC 3M mountain Bank of America in three months It’s gotta be the shoes Fast Money’s chart master Carter Worth saying, “Just don’t do it” when it comes to buying Nike . The stock ended Tuesday at $41.32. Shares are down 44% in 12 months. At one point in November 2021, this stock was as high as $179. On Holding is off 41% from last year’s high. Birkenstock is down 30% from last year’s high. Deckers is off 25% from the September high. Dick’s Sporting Goods , which owns Foot Locker, is down 16% from the June high. Steven Madden , however, is taking a step in the right direction. Shares hit a high last week. They’re off 3% from the high. We’ll have more on this sector Wednesday on CNBC. CoreWeave Shares are up 14% in extended trading after beating on the top and bottom lines and issuing strong guidance. The AI cloud provider picked up deals with Meta Platforms and Anthropic recently. Shares are still down 40% from the October high. We’ll have more on CoreWeave’s run Wednesday on ” Morning Call ” with Morgan Brennan. CRWV 1D mountain CoreWeave in the past day Airbnb The stock is now at levels not seen since in more than four years. Airbnb is up 22% in August and up almost 55% in six months. Thanks to CNBC data team’s Chris Hayes for keeping tabs on it.
