SG Morning Call | Singapore Stocks Opened Higher on Thursday; SIA Rose 1.3% After Record Profit
Stocks to WatchSingapore Airlines (SIA): The national carrier is said to be rewarding eligible employees with a profit-sharing bonus of 7.94 months for FY2024, following the group’s record earnings, T
The price of the primary cryptocurrency slightly increased after the US Bureau of Labor Statistics released the latest Consumer Price Index data. It spiked to aove $64,000, witnessing a 5% surge on a 24-hour scale.Crypto stocks climbed in morning trading. Canaan rose 11%; Bitfarms, The9 and MicroStrategy rose 7%; Coinbase rose 5%; Marathon Digital and Bitcoin Depot rose 4%; Riot Platforms and Block rose 2%.
Semiconductor Shares Rallied in Morning Trading, With Micron Rising 5%
Semiconductor shares rallied in morning trading.Micron rose 5%; Arm Holdings rose 4.5%; Nvidia, AMD rose about 3%; Marvell, Broadcom rose over 1%.Baird analyst Tristan Gerra upgrading $Micron Technology$’s stock. He admitted the call is “a bit late” but noted that Micron shares have pulled back recently — they’re down just over 10% from their record-high close in early April.“We see meaningful upside opportunities ahead for Micronnotably given the stock’s recent pullback, in discrepancy with inc
Apple stock garners strong Wall Street support, with high ROIC, cash-rich balance sheet, robust iPhone 14 demand, and potential product launches driving bullish outlooks.