Section
The latest stocks coverage from the TrustFinance editorial desk.
Shares in Getech (AIM:GTC) jumped after the subsurface resources company reported a 15% revenue increase and a positive adjusted EBITDA for the first half of 2026, driven by a strategic refocus and successful cost-cutting measures.
New York has become the first U.S. state to impose a one-year moratorium on new large-scale data centers, citing concerns over the strain on the state's power grid, water supplies, and utility costs driven by the AI boom.
Investors are weighing a pivotal U.S. inflation report and the start of bank earnings season against rising oil prices fueled by escalating U.S.-Iran tensions, leading to a mixed open for Wall Street futures.
Shares in Swedish construction firm Peab AB jumped over 6% after the company reported second-quarter earnings that surpassed market expectations, driven by record-high order intake and a growing project backlog.
The electronics manufacturer will purchase the remaining 64.3% of Kepler Signaltek in a deal expected to be immediately accretive to earnings. Volex also announced a reduction in its share buyback program.
Chip stocks, including SK Hynix and Micron, are rising in premarket trading after the Philadelphia Semiconductor Index fell 4.8% in the prior session. The rebound is broad-based, encompassing memory, equipment, and optical component makers.
Shares of German steelmaker Salzgitter AG rose sharply after Jefferies upgraded the stock to 'Buy' and raised its price target, citing benefits from tighter EU import quotas and rising steel prices.
SK hynix ADRs surged in pre-market trading, driven by bargain hunting and oversold technical indicators after a steep sell-off. The rebound comes ahead of key U.S. inflation data but follows recent concerns over moderating AI memory chip pricing.
Shares in Dutch chemical distributor IMCD surged more than 5% after UBS Global Research upgraded the stock to "Buy" from "Neutral," citing a clearer path to earnings growth recovery.
