U.S. stocks watchlist shifts to oil weakness, earnings and executive appearances

Traders Union
All News
Financial News
US stocks: oil, earnings, execs

Highlights

WTI crude and Brent prices fell about 10% over five sessions, pushing the S&P Energy sector down 6% and fueling caution around energy shares.
CrowdStrike shares surged 5.2% in two days, 30% in a month, and 191% since February 23, hitting an all-time high and extending IPO momentum.
General Mills and Manchester United to report earnings at 7 a.m. ET; General Mills stock is up 6.3% over three months with a 6.88% dividend yield.

Market drivers and corporate events in focus

As reported by CNBC, market attention is centering on a fifth straight daily drop in oil prices as producers and traders assess the effect on energy shares and broader sentiment. West Texas Intermediate crude and Brent are both down about 10% over that five-session stretch, while the S&P Energy sector has fallen 6% in the same period.

McDonald's is also on the radar, with the stock down 26% from its March high and trading near its 52-week low. CNBC's Carl Quintanilla is set to speak with McDonald's CEO Chris Kempczinski on "Squawk on the Street."

Meta Platforms is drawing attention ahead of Chief Executive Mark Zuckerberg's scheduled appearance at the company's Meta Connect event at 7 p.m. ET Wednesday. The stock is up nearly 29% in September and 11% year to date, while Apollo Global Management CEO Marc Rowan is also set to appear as Apollo shares remain 19% below their January high.

Pressure points and outperformers across sectors

T-Mobile U.S. is trading at levels not seen since April 2024 and is down 10% so far in September. Royal Caribbean has fallen to a 17-month low, with the stock down 4.4% over two days and 12.6% for the month, while Molson Coors is sitting at a six-year low after a 14% decline in a month.

CrowdStrike stands out on the upside after hitting an all-time high. Shares are up 5.2% in two days, 30% over the past month, and 191% from the low reached on Feb. 23, extending momentum from its June 2019 IPO.

General Mills and Manchester United are both due to report at 7 a.m. ET, giving investors fresh earnings signals before the market day develops. General Mills shares are up 6.3% in three months and carry a 6.88% dividend yield, while Manchester United stock is down 6.4% over three months but up 26% over six months.

In our earlier article on Meta Platforms’ Muse AI agent launch, we explained how the app’s rapid rise to the top of Apple’s App Store helped fuel a sharp rally in Meta shares and improved investor sentiment around the company’s AI strategy. We also outlined how Muse’s free and paid tiers, alongside plans for future monetization, strengthened the market’s view that Meta can turn AI spending into meaningful revenue beyond advertising.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.