May 26, 2026 12:32 pm
Key Moments Micron Technology (NASDAQ:MU) climbed 6.3% in premarket trading to $798.37 after UBS sharply increased its price target to $1,625 from $535. UBS projects earnings per share of $155, $167 and $117 for calendar years 2027, 2028 and 2029, respectively, supported by long-term supply agreements across the memory industry. Mizuho reiterated its Outperform rating […]
Read moreMay 26, 2026 9:49 am
Key Moments Bank of America selected Texas Instruments, Analog Devices, and ON Semiconductor as preferred names in AI-focused power semiconductors, citing long-term growth in industrial and auto markets. BofA lifted price objectives for Texas Instruments to $370 and ON Semiconductor to $138, reflecting expectations for strong AI-driven revenue expansion through CY28. All three companies are […]
Read moreMay 26, 2026 9:22 am
Key Moments Dow Jones futures gain 0.53% above 50,900 in European trading ahead of the US session. Market participants price in nearly a 41.0% chance of a 25-basis-point Fed rate hike by year-end. Traders monitor US-Iran tensions, with the US reporting self-defense strikes and talks described as “proceeding nicely.” Futures Advance Despite Geopolitical Tensions US […]
Read moreMay 26, 2026 8:44 am
Key Moments Ferrari stock declined 6.1% on Tuesday following the official unveiling of the Luce, the company’s first fully electric vehicle. The Luce, a four-door, five-seat EV developed with Jony Ive’s LoveFrom, is priced at €550,000 ($640,000) with deliveries scheduled to start in the fourth quarter of 2026. Investor concerns center on brand risk, weak […]
Read moreMay 22, 2026 2:04 pm
Key Moments Deere & Co. delivered a Q2 2026 double-beat, including a 15% upside surprise on adjusted EPS, yet DE shares fell nearly 5% after the release. Production and Precision Agriculture net sales declined 14% in the quarter, with full-year guidance pointing to a 5% to 10% drop and lower operating margins. Construction and Forestry […]
Read moreMay 22, 2026 12:47 pm
Key Moments U.S. equity index futures traded slightly higher, with Dow futures up 96 points, S&P 500 futures higher by 7 points, and Nasdaq 100 futures largely flat by 06:45 ET (10:45 GMT). Take-Two Interactive, Workday, Estee Lauder, and quantum computing-linked stocks advanced in premarket trading on earnings, guidance, and deal-related headlines. Denali Therapeutics dropped […]
Read moreMay 22, 2026 12:23 pm
Key Moments Biogen’s diranersen failed to meet the primary endpoint in the Phase 2 CELIA trial, triggering a more than 10% slide in BIIB on May 14. Despite the miss, CELIA delivered substantial tau reductions and signals of slower cognitive decline, leading Biogen to move diranersen into further development. Leqembi generated $168 million in global […]
Read moreMay 22, 2026 9:53 am
Key Moments Citigroup plans to allocate a substantial share of its global wealth hiring to Asia as its private bank in the region delivers the fastest growth and highest productivity. The bank intends to recruit about 100 private bankers worldwide, plus roughly 400 specialists, with a significant proportion of those roles based in Asia. Citi’s […]
Read moreMay 22, 2026 8:26 am
Key Moments NVIDIA Corp’s (NASDAQ: NVDA) upbeat artificial intelligence demand outlook lifted shares of several Asian suppliers. Japanese chip-related stocks advanced between 2% and 7%, with SUMCO Corp. gaining additional support from a UBS rating upgrade to Neutral from Sell. South Korean chipmakers retreated following sharp prior-session rallies, even as negotiations continued at Samsung Electronics […]
Read moreMay 22, 2026 7:52 am
Key Moments Estée Lauder shares jumped more than 10% in extended trading after it ended merger talks with Puig. The abandoned deal would have combined Estée Lauder and Puig into a $40 billion luxury beauty group. Demands from Charlotte Tilbury were among the factors that complicated negotiations, according to sources. Strategic Shift Away From Merger […]
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