TUE, JUN 20, 2023

Tomorrow's Top CNBC Stories Tonight

The cruise lines

Infrastructure in the USA

The Global X US Infrastructure Development ETF (PAVE), which follows companies in the infrastructure business, is up 7.3% in a month and about 14% in 2023.
Gina Francolla from CNBC's data team noted earlier today that the ETF is on track for its best month since October
The top performers in 2023: Builders FirstSource, up 95%; Powell Industries, up 68%; and Sterling Infrastructure, up 60% year to date. All three are based in the Lone Star State, with Builders FirstSource in Dallas, Powell and Sterling in Houston.
The stocks at the bottom of PAVE: Titan Machinery, down about 30% in 2023; Calix, down 26%; and Alcoa down 25%.

ESG

CNBC’s Emily Wilkins will report on a new movement in Washington around environmental, social and governance impact.
Among ESG-based mutual funds, Brown Advisory's Sustainable Growth Fund (BIAWX) is the big winner this year, up more than 23%.
Top performers in the fund are Nvidia, Marvell and West Pharmaceutical. Bio-Rad, UnitedHealth and Danaher are the fund’s biggest decliners.
Vanguard’s FTSE Social Index Fund (VFTAX) is up 18.5% in 2023.
The iShares MSCI KLD 400 Social ETF (DSI) is up 16.4% in 2023.
The S&P 500 is up 14.3% in 2023.

IPO

Another restaurant company is about to debut this week, this time Korean barbecue chain Gen Restaurant Group.
They have 32 restaurants, mainly in the western U.S.
Cava had its IPO on June 15. The stock is up 74% since then.
Other big restaurant winners this year: Red Robin, up 129%; Chipotle, up 47%; and Jack in the Box, up 34.9%.
At the bottom of the food chain: Papa John’s, down 11.6% in 2023; Dine Brands (IHOP and Applebee’s), down 8.3%; and Domino’s, down 6%.

Tesla

Rivian becomes the latest auto company to say it’ll adopt Tesla's charging standard, giving Rivian owners access to the network.
Tesla was up 5.3% today. Shares have gained 122% in 2023, but they are still 12% from the 52-week high.