ADVFN US – Market Content Editor

Shares of Micron Technology (NASDAQ:MU) surged 6.3% in premarket trading to $798.37 after UBS sharply increased its price target on the memory chip maker to $1,625 from $535, citing the growing adoption of long-term supply agreements across the memory industry. UBS sees structural shift in Micron’s earnings profile In a research note led by analyst…

Sunlands Technology Group (NYSE:STG) reported first-quarter 2026 results on Tuesday, posting adjusted earnings per share of RMB11.48 and revenue of RMB440.7 million, down 9.6% from RMB487.6 million in the same period last year. Shares of the company fell 6.11% in premarket trading following the earnings announcement. Second-quarter guidance disappoints investors Investor sentiment weakened after Sunlands…

Shares of Lenovo Group (USOTC:LNVGY) climbed to an all-time high on Tuesday after the world’s largest PC manufacturer reported quarterly earnings that exceeded market expectations, supported by accelerating demand for AI servers and improving conditions in the personal computer industry. Hong Kong-listed Lenovo shares surged 18% to HK$18.7, marking a record high for the stock…

Miniso Group (NYSE:MNSO) reported first-quarter revenue of 5.69 billion yuan on Tuesday, exceeding analyst expectations of 5.56 billion yuan. Core Miniso brand outperforms while TOP TOY sales miss forecasts Revenue generated by the company’s Miniso brand reached 5.17 billion yuan, ahead of analyst estimates of 4.89 billion yuan. However, revenue from TOP TOY totaled 514.5…

Vnet Group (NASDAQ:VNET) reported first-quarter net revenue of 2.69 billion yuan on Tuesday, representing a 20% increase from a year earlier and broadly matching analyst expectations of 2.66 billion yuan. EBITDA and gross profit post strong annual growth Adjusted EBITDA for the quarter rose 31% year-over-year to 891.5 million yuan, surpassing the analyst consensus estimate…

Shares of Elbit Systems (NASDAQ:ESLT) climbed 8% on Tuesday after the company announced a $1.4 billion military modernization agreement in Europe alongside stronger first-quarter financial results. Revenue and profitability post strong quarterly growth Elbit Systems reported first-quarter 2026 revenue of $2.19 billion, up from $1.90 billion in the corresponding period last year. Gross profit increased…

Global oil prices moved sharply higher on Tuesday after new U.S. military strikes in Iran increased uncertainty over whether a near-term agreement can be reached to end the conflict and restore shipping activity through the Strait of Hormuz. U.S. Secretary of State Marco Rubio said on Tuesday that securing a deal with Iran could “take…

Gold prices moved lower on Tuesday after fresh military action by the United States against Iran reduced optimism surrounding a potential agreement that could reopen the Strait of Hormuz and ease fears of rising energy-driven inflation. Spot gold declined 0.9% to $4,529.38 an ounce by 06:13 ET (10:13 GMT), while gold futures edged slightly higher…