Stocks, News, Data and Earnings

CNBC Pro: Morgan Stanley names 2 chip stocks ‘notable upside’ as China bans Micron

With China banning chips made by major U.S. memory chip maker Micron, Morgan Stanley has identified two memory chip stocks with big growth potential.

The bank predicted an upturn in the memory chip market, adding that the impact of artificial intelligence on memory chips has been underestimated.

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— Ganesh Rao

CNBC Pro: Financial research firm says these 4 stocks could double in price — including a tech giant

Certain corners of the market may have become overbought this year, but investors still have long-term opportunities, according to financial research firm Redburn.

“Which stocks have the ability to double in two to three years?” the firm wrote in a May 23 note. Redburn analysts selected 12 companies where competitive or financial conditions or management actions changes can realize significant value for shareholders.”

Here are four of them.

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— Weizhen Tan

European markets: Here are the opening calls

European markets are expected to open higher on Thursday.

British FTSE 100 German index poised to open 14 points higher at 7,626 Dax index France up 13 points to 15,837 CAAC up 4 points to 7,253 and Italy FTSE MIB It rose 17 points to 26,579, according to IG data.

Proceeds came from Tate & Lyle, Manchester Utd, Johnson Matthey, United Utilities and Pets at Home. The data release includes a detailed breakdown of Germany’s first-quarter gross domestic product.

— Holly Elliott

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