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 on Wednesday and what’s on the radar for Thursday’s session. Record Breakers The S & P 500 hit a new record today. It is up 3.3% in a month, 10% in three months. The Nasdaq 100 hit a new record today, it is up 4.7% in a month, 12.5% in three months. The Nasdaq Composite hit a record today, it is up 5.5% in a month, 14% in three months. The relative strength index crossed into what is known as “overbought” territory today. It doesn’t mean it is due for a drop though, but it did cross the 70 line. Traders use the RSI as one indicator of when a stock is “overbought” (above 70) or “oversold” (below 30). The NYSE Composite is 0.4% from a new high. The Dow Jones Industrial Average is 0.3% from a new high. The Russell 2000 is up 4.9% in three days, and is 5.6% from the high. The line of the day from Jim Cramer and the “Mad Money” team: “I haven’t seen anything like this in the ’80s and ’90s, when money roved Wall Street like a gang of thugs … always on the lookout for the next get rich thing. And that’s where we are right now. It’s a wonder to behold.” Relative Strength Only three stocks in the Dow 30 are above the 70 mark on RSI, which means some might consider them “overbought.” Only nine stocks in the Nasdaq 100 would be considered “overbought.” Alphabet and Apple are the only stocks in the “Magnificent Seven” earning that qualification tonight. Apple The stock is on a bit of an upswing. It is up 9% in a week and 12.4% in August. The stock is around 10% from its Christmas 2024 high. We’ll follow one of America’s favorite, and most widely held stocks, tomorrow. Cramer has been saying, “own it, don’t trade it.” He last bought Apple shares for his charitable trust in April 2014. That position is up 1,200%. The QQQ is up less than half that in the same time-period. AAPL YTD mountain Apple shares year to date. All things being equal There are three key equal-weighted ETFs that track the main three indices. By evening out the exposure, stock watchers get a good look at how all the stocks in the index are doing. The Invesco S & P 500 Equal Weight ETF (RSP) is just off a high it hit back in November — only 0.33% away. The RSP is up 2.4% week to date. The First Trust Nasdaq-100 Equal Weight Index Fund (QQEW) is 1.7% from its July high. It is up 1.7% in three days. The First Trust Dow 30 Equal Weigth ETF (EDOW) hit a new high today. The ETF is up 2.43% in August. The biotechs We’ll also keep tracking the biotech stocks. CNBC contributor and “Halftime” trader Josh Brown was getting behind the biotechs on the show today. The S & P Biotech ETF (XBI) is up 3.9% in a week. It is 5% from its February high. The iShares Biotech ETF (IBB) is up 3.6% in three days. The ETF is 15% from a November high. Advance Auto Parts The company reports quarterly numbers live on “Squawk Box” tomorrow morning with Andrew Ross Sorkin and Joe Kernen . The stock is up 86% since last reporting three months ago … not bad. Advance Auto Parts is 11% from the 52-week high. Competitors O’Reilly and AutoZone have also seen stock gains in the last three months, up nearly 16% and 11%, respectively. Both are just off their highs. Cisco Systems CEO Chuck Robbins joins “Squawk on the Street” in the 9 a.m. hour with Carl Quintanilla, David Faber and Cramer. In earnings Wednesday afternoon, the stock beat earnings and revenue expectations . The forecast for the fiscal year was also better than expected. The stock is flat after hours. Shares are up 3.4% in August and up 14% in three months. Robbins said the company is getting more attention from major tech companies for its devices that enable artificial intelligence to work better and faster. We’ll get more on that live tomorrow. CSCO YTD mountain Cisco stock year to date
