Dear friends,
Here the news of the top today's Market Movers (Part 2 of 2):
? $NVDA (NVIDIA Corporation) 0.70%
The semi group has been on a nice multi-session rally led by NVDA that recently topped out at new all-time highs. $AMD (Advanced Micro Devices Inc) has also provided strength, we're seeing shares of Micron Technology rising premarket and actively traded after BMO upgraded the stock on continued supply-demand imbalance in 2022. AMD, NVDA, $MU (Micron Technology, Inc.)
? $SWKS (Skyworks Solutions) 4.52%
Semiconductor stocks higher after Barclays analyst Blayne Curtis upgraded the industry ahead of the iPhone 13 launch. Skyworks; along with other chipmakers like Cirrus, Qorvo and Broadcom are likely to benefit heavily from the new phones and a refreshed product cycle.
? $QRVO (Qorvo Inc.) 4.45%
As benefited from the analyst upgrade. In fact, four of the top five stocks in the S&P 500 today were chipmakers with ties to the iPhone. Most chipmakers are coming off a steep selloff in May with reasonably fair valuations.
? $MS (Morgan Stanley) 0.24
Continued to benefit from yesterday's announcement that it would double its dividend to $0.70 and increase the share buyback program after the new stress test results by the Fed. Most of the large banks followed suit to raise dividend amounts and announce share repurchases.
by
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