Shares of memory-related companies traded lower on Thursday after reports suggesting that a U.S. House Committee has urged the Trump administration to ban Chinese memory chips, which may prove disruptive to established supply chains.
Malcolm Ethridge, managing partner at Capital Area Planning Group, picked Rocket Companies, Inc. (NYSE: RKT ).
Lending support to his choice, Morgan Stanley analyst Jeffrey Adelson, on Thursday, upgraded Rocket Companies from Equal-Weight to Overweight and raised the price target from $18 to $19.
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Janine Stichter recommended iShares U.S. Healthcare ETF (NYSE: IYH ).
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Apple Inc (NASDAQ: AAPL )
According to recent news, Apple received regulatory approval for its on-device generative artificial intelligence service, Apple Intelligence, from China’s cyberspace regulator.
Price Action:
Micron shares dipped 5.7% to close at $853.20 on Thursday. Rocket Companies shares gained 2.1% to settle at $14.90 during the session. iShares U.S. Healthcare ETF gained 2% on Thursday. Apple shares rose 1.8% to settle at $333.26 during the session.Photo via Shutterstock
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