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 major averages snapped a three-day run of losses, and what’s on the radar for the next session. AT & T reports during ‘Squawk Box’ in the 6 a.m. hour The stock is down 14% in three months. AT & T is off 25% from the September high. T 3M mountain AT & T in the past three months PulteGroup reports on ‘Squawk Box’ in the 6 a.m. hour The stock is down 3% in three months. PulteGroup is down 14% from the Feb. 17 high. Alphabet reports after the bell The stock is up 4.5% in three months. Alphabet is off 15% from the May 18 high. CNBC partnered with StockStory, a platform that goes deep on stocks across the spectrum, delivering financial analysis, market insights and recommendations. StockStory’s bottom line is “Alphabet is trading at $353.47 per share, or 27.3x forward price-to-earnings. The lofty multiple means expectations are high for this company over the next six to twelve months.” The platform also said, “Alphabet’s dominant Google Search sits on the pantheon of the best businesses ever. This is reflected in its robust long-term revenue growth and elite operating margin.” Implied volatility, a key measure of how much the market thinks a stock could move, is 6%. Last quarter, the stock surged after posting earnings. GOOGL 3M mountain Alphabet shares in the past three months Tesla reports after the bell The stock is down about 2% in three months. Tesla shares are off 24% from the high reached last December. The stock is down around 16% year to date. StockStory said, “There are better opportunities than Tesla.” Highlighting the stock’s forward price-to-earnings ratio, Stock Story said, “The current multiple is quite expensive, especially for the fundamentals of the business.” The chips and Cramer’s strategy The popular VanEck Semiconductor ETF (SMH) picked up 4.5% on Tuesday. It is up about 5% in two days. It’s off 13% from the June 22 high. Teradyne and Micron were the big winners on Tuesday. Both were up 12% in the session, but the stocks are down 22% from their highs. Intel and Advanced Micro Devices were up 8% on Tuesday. Intel is off 26% from the June 30 high, and AMD is down 7% from the high reached that same day. Jim Cramer of “Mad Money” made the case: “We always forget that when we get a big pop in semis, it is a good opportunity to re-position.” A few stats support that. Consider that SMH is up more than 100% in a year. Ten of the 25 stocks in the ETF are up more than 140% in a year. Sixteen of the 25 stocks in the ETF are up more than 50% in a year. Cramer also warned, “Don’t get blown out by just owning semis.” SMH 1Y mountain The VanEck Semiconductor ETF (SMH) in the past 12 months The Parabolic Seven’s drop There were big wins on Tuesday for the group, which includes Sandisk , Micron, Intel, AMD, Marvell , Dell and Broadcom . Check how far these stocks have fallen fallen from their highs. Sandisk is down 32% from the June high. Micron is off 22% from the June high. Intel is down 26% from the June 30 high. AMD is down 7% from the June 30 high. Marvell is off 36% from the June 18 high. Dell is off 14% from the June 1 high. Broadcom is down 22% from the June 3 high.
