The US bourse continued to thrive on Thursday, nourished by the latest economic data and a series of corporate earnings. The DJIA settled higher by 229 points or 0.5% at 44,484; the S&P 500 rose 33 points or 0.5% to 6,297; and the Nasdaq ended up 153 points or 0.7% at 20,884, setting new closing highs along with the S&P 500.
Large techs were in a mixed bag, with Nvidia (NVDA.US) hiking for three days in a row, up 1% on Thursday to a record high of US$173. TSMC (TSM.US) posted a 61% upswing in last quarter's earnings, with its stock price spiking about 3.4%. Tesla (TSLA.US) sank 0.7%, and Meta (META.US) dipped 0.2%.
PepsiCo (PEP.US) beat expectations with its last quarter's revenue and reaffirmed its full-year earnings target, with its stock price soaring 7.5%. United Airlines (UAL.US) surpassed expectations in 2Q earnings, with the CEO stating that travel demand picked up, leading to a 3.1% leap in stock price.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10721 |
175 (-) |
0.395 |
4.0 X |
| Nvidia (P) |
10714 |
125 (-) |
0.105 |
3.8 X |
| TSLA (C) |
10688 |
420 (-) |
0.380 |
4.5 X |
| TSLA (P) |
10692 |
280 (-) |
0.455 |
3.1 X |
| TSLA (P) |
10604 |
190 (-) |
0.039 |
6.0 X |
| META (C) |
10579 |
800 (-) |
0.360 |
9.1 X |
| META (P) |
10563 |
600 (-) |
0.130 |
11.5 X |
