Micron sinks up to 5% in overnight trading on Earnings; Micron 3x DLCs now trading alongside Palantir, Seatrium, Trip.com DLCs
$Micron Technology(MU)$ fell almost 5% in extended trading shortly after reporting earnings after US market close, even though fiscal Q2 revenue nearly tripled. This came as concerns continued to mount over elevated capital expenditure plans, with the company warning that it will need to spend heavily on production to meet burgeoning demand, overshadowing the upbeat forecast.
SG's newly-listed Micron 3x Long and Short DLCs, which begin trading today, are currently tracking and amplifying Micron's overnight market moves. Those anticipating further weakness in Micron may consider the Micron 3x Short DLC, while investors who believe the latest move was an overreaction may look to the Micron 3x Long DLC for potential upside on a rebound.
Alongside the Micron DLCs, 4 other new DLCs have begun trading today, including on $Palantir Technologies Inc.(PLTR)$ , $Seatrium Ltd(5E2.SI)$ , $TRIP.COM-S(09961)$
New DLCs listing today:
Micron 3x Long DLC - 44BW
Micron 3x Short DLC - RLGW
Palantir 3x Long DLC - W1AW
Palantir 3x Short DLC - 9L2W
Seatrium 5x Long DLC - RDCW
Trip.com 5x Long DLC - 9ZXW
For investors tracking US names from Asia, the new US Stock DLCs offer a way to stay engaged with and react swiftly to major overnight development before the US market opens later. They provide leveraged exposure to major US indices and single stocks during Asian trading hours, opening the door to capture powerful overnight market moves.
See the full list of new DLCs on dlc.socgen.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only
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