NEW YORK (TheStreet) -- Twitter (TWTR) - Get Report edged higher Tuesday after market observers and analysts touted the growth potential of its recent Periscope acquisition and the efforts the company has made to attract more users. Micron Technology (MU) - Get Report jumped ahead of its second quarter earnings, while Harman International Industries (HAR) fell following its Bang & Olufsen Automotive acquisition.

Twitter rose 0.38% to close at $50.08, while the broader markets fell across the board.

During a CNBC segment Tuesday, some of the panelists noted Twitter's recent acquisition of live video app Periscope is likely to push Twitter's stock price higher than the 11% it's gained since the deal was done in January. Periscope not only allows users to share live video but also comment on what they are viewing.

Additionally, a Canaccord Genuity Group analyst noted that Twitter's shares are halfway through the process of wooing back investors following a rocky 2014, notes a Forbesreport. "User innovations are happening at a rapid and sustained pace," said analyst Michael Graham in the report.

Micron Technology rose 1.7% to end the day at $27.13.

The memory-chip company is scheduled to report its second-quarter results after the markets close Wednesday. According to Zacks, Micron has outperformed its consensus in three of the past four quarters, averaging a positive earnings surprise of 14%. 

Among the things Zacks noted Micron has going in its favor is a deal it struck with Intel (INTC) - Get Report to develop 3-D NAND technology, as well as the company's optimistic outlook for demand for its products.

Micron, meanwhile, had said it expected its second-quarter revenue to come in at $4.1 billion to $4.3 billion, which ranges from level to its year-ago figures to a 5% increase, according to an Investor's Business Dailyreport. Earnings, however, are expected to come in at 16% less than year-ago results at 73 cents a share and revenue at $4.15 billion, according to analysts polled by Thomson Reuters.

Harman International fell 2.1% to close at $133.63.

The maker of audio and electronic systems lost ground despite announcing a $157.3 million acquisition of Bang & Olufsen Automotive. The acquisition is designed to improve Harman's position in the high-end audio market, given Bang & Olufsen sound systems are found in Audi, BMW, Mercedes-Benz and other luxury cars.

Harman, according to an Associated Press report, is riding the trend in the automotive industry where Internet-connected audio and entertainment features are sought in vehicles.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.