ADVFN US – Market Content Editor
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Warby Parker Shares Jump on Signs of Rising Smart Glasses Demand
Shares of Warby Parker (NYSE:WRBY) surged around 10% on Tuesday after a Bloomberg report pointed to rapidly growing demand for AI-enabled smart glasses. The rally followed reports that Meta Platforms (NASDAQ:META) and EssilorLuxottica (EU:EL) are in talks about potentially doubling production capacity for their AI-powered smart glasses by the end of the year, reflecting strong…
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Bank of America Raises Micron Target as Memory Pricing Momentum Builds
Bank of America has lifted its price target on Micron (NASDAQ:MU) to $400 per share from $300, pointing to strengthening DRAM prices and a supportive supply-demand backdrop. Analyst Vivek Arya reiterated a Buy rating, saying the upgrade reflects a “continued increase in DRAM spot price and still disciplined Samsung capex spend in CY26.” The bank…
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New Home Sales Rebound Slightly, Beat Expectations but Fall Short of Prior Month
Fresh data on U.S. new home sales showed a modest pickup in activity, with the annualized pace of new single-family home purchases improving from the previous month but still remaining below earlier levels. Sales were reported at an annual rate of 737,000 units, topping market expectations of 716,000. The stronger-than-forecast outcome points to more resilience…
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Delta Places Order for 30 Boeing 787-10 Jets, Secures Options for 30 More
Delta Air Lines (NYSE:DAL) has placed a firm order for 30 Boeing 787-10 widebody aircraft and secured options to purchase an additional 30 jets. Deliveries of the new aircraft are scheduled to begin in 2031. Alongside the aircraft order, Delta has also signed an agreement with GE Aerospace to provide maintenance and support services for…
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Adobe Shares Ease After Oppenheimer Downgrades Software Giant
Shares of Adobe (NASDAQ:ADBE) slipped slightly in U.S. premarket trading on Tuesday after analysts at Oppenheimer lowered their rating on the creative software group. In a research note, Oppenheimer cut its recommendation on Adobe to “market perform” from “outperform,” arguing that while the stock presents “good medium-term opportunities” at what they see as a relatively…
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Travere Shares Sink as FDA Seeks Further Clarification on Kidney Drug
Shares of Travere Therapeutics (NASDAQ:TVTX) plunged around 33% on Tuesday after the company disclosed that U.S. regulators have asked for additional data related to its treatment for a rare kidney condition. Travere said it has received information requests from the U.S. Food and Drug Administration aimed at better defining the clinical benefit of Filspari in…
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Red Cat Shares Jump on Preliminary Q4 Revenue Explosion
Shares of Red Cat Holdings (NASDAQ:RCAT) climbed about 6% after the drone technology firm released preliminary fourth-quarter revenue figures showing exceptional year-on-year growth. The U.S.-based supplier of advanced drone systems for defense and national security said unaudited Q4 revenue is expected to land between $24.0 million and $26.5 million. That compares with just $1.3 million…
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Ormat Shares Surge After 20-Year Geothermal Power Deal With Switch
Shares of Ormat Technologies (NYSE:ORA) jumped about 6% on Tuesday after the company disclosed a long-term power purchase agreement with data center operator Switch. The 20-year agreement covers roughly 13 megawatts of geothermal capacity and marks Ormat’s first direct PPA with a data center customer. Power will be supplied from Ormat’s Salt Wells geothermal facility…
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JPMorgan Beats Q4 Forecasts as Trading Strength Offsets Softer Deal Fees
JPMorgan Chase (NYSE:JPM) reported fourth-quarter results that came in ahead of expectations, with robust performance in its trading and markets businesses helping to offset weaker investment banking fees. The bank posted adjusted net income of $14.7 billion for the quarter ended December, equivalent to $5.23 per share, comfortably above forecasts of $4.92 per share. However,…
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BNY Mellon Tops Q4 Forecasts as Interest Income and Custody Assets Rise
Bank of New York Mellon (NYSE:BK) reported stronger-than-expected results for the fourth quarter of 2025 on Tuesday, supported by higher net interest income and solid growth in assets under custody. Shares were little changed following the update, edging down just 0.01%. The bank posted adjusted earnings per share of $2.08, comfortably ahead of the $1.99…