$Netflix(NFLX)$ achieved an impressive 48% increase this year and recently hit a new high of $722. The performance and stock price surged following the launch of a new advertising plan.
It is one of the few big tech companies that reached new highs in September. In the future, its advertising business is expected to benefit from AI applications.
Strong demand from cruisers has lifted shares of $Royal Caribbean Cruises(RCL)$, reaching a new high of $179.75, marking a 38% year-to-date increase.
On August 6, JPMorgan highlighted RCL as "best in class" among cruise operators, causing the stock to jump 7.5%. It has continued to rise over the past two months.
JPMorgan noted that Royal Caribbean has indicated that passengers are willing to pay more to travel with the cruise line.
$Caterpillar(CAT)$ also hit a new high, rising to $389, with a 30% increase year-to-date.
The company's latest earnings report announced a $20 billion share repurchase authorization, demonstrating its commitment to shareholder returns. This positive capital management strategy has boosted investor confidence and further driven up the stock price.
$ocbc bank(O39.SI)$, Singapore's second-largest bank, reached a new high of SGD 15.69.
In its latest earnings report, OCBC reported a 14% year-on-year increase in net profit for the second quarter, reaching SGD 1.94 billion, exceeding analyst expectations and marking a new high.
The bank's wealth management fees rose 17% year-on-year to SGD 212 million, while assets under management hit a record SGD 279 billion. Strong business performance and financial results contributed to OCBC's rise alongside the STI index.
$Booking Holdings(BKNG)$ reached a new high of $4,182. It is also poised to be one of the next companies to split its stock.
As travel demand rebounds, Booking Holdings reported a 7% year-on-year increase in room nights and revenue for the second quarter, reaching 287 million room nights and $5.9 billion in revenue, surpassing market expectations.
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