European markets head for cautiously higher open as debt ceiling talks overshadow sentiment

Morgan Stanley identified two memory chip stocks with significant potential for growth as China bans chips made by Micron, a major U.S.-based memory chipmaker.

The bank predicts an upturn in the memory chip market, and adds that the influence of artificial intelligence on memory chips has been underestimated.

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— Ganesh Rao

Some corners of the market may have been overbought this year, but there are still long-term opportunities for investors, according to financial research firm Redburn.

“Which stocks have the capacity to double over two to three years? Redburn analysts have chosen 12 companies where changes in the competitive or financial environment or management action could realise outsize value for shareholders,” the firm wrote in a May 23 report.

Here are four of them.

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— Weizhen Tan

European markets are expected to open higher Thursday.

The U.K.’s FTSE 100 index is expected to open 14 points higher at 7,626, Germany’s DAX 13 points higher at 15,837, France’s CAC up 4 points at 7,253 and Italy’s FTSE MIB 17 points higher at 26,579, according to data from IG.

Earnings come from Tate & Lyle, Manchester Utd, Johnson Matthey, United Utilities and Pets at Home. Data releases include a detailed breakdown of Germany’s first-quarter gross domestic product.

— Holly Ellyatt