By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Canada's TSX hits record as oil jumps 5% on Hormuz supply fears
The S&P/TSX rose 0.2% to a record 36,458.33 as oil climbed 5.1% to $82.13 a barrel, boosting energy stocks 3.7%. Supply fears around the Str
Rocket Lab's margin forecast shows the high cost of scaling up
Rocket Lab guided to a third-quarter gross margin of 29%-31%, well below the 37.6% analysts expected, as it spends heavily on its Neutron ro
Loonie Holds Near Eight-Week High as Oil Jumps and Jobs Beat
The Canadian dollar remains near an eight-week high, supported by a 5.05% jump in oil to $82.13 and a stronger-than-expected July jobs repor
PNE's sale hits snag as buyers balk at €757.6m price tag
PNE's sale process is struggling as potential buyers are unwilling to pay the company's €757.61 million market value. The German renewables
S&P 500 earnings surge 51% but healthcare turns negative
With 89% of S&P 500 companies reported, earnings are up about 51% year-over-year, led by energy and tech. But healthcare swung to a 7.5% dec
Nvidia enlists Wall Street giants for $500B AI infrastructure push
Nvidia is reportedly assembling a $500 billion funding package with major Wall Street firms to build the data centers and power infrastructu
Eli Lilly's UK approval lifts healthcare stocks, but Sionna's trial setback weighs
Healthcare stocks gained Monday after Eli Lilly secured UK approval for its once-daily weight-loss pill Foundayo. But Sionna Therapeutics tu
Nutrien's potash automation and buybacks sharpen its cost edge
Nutrien is using automation to keep potash costs low and stepping up share buybacks, even as RBC trims its 2026 profit outlook. Lower costs
Oil jumps and yields climb, leaving US stocks mixed
US stocks ended mixed as oil prices spiked on Iran tensions and Treasury yields climbed, raising borrowing costs. Investors weighed higher e
AIG's new CEO prioritizes growth over buybacks, RBC says
AIG shares fell after its Q2 update, with RBC noting the new CEO prefers using excess capital for growth and deals rather than buybacks. Inv
Treasury yields climb as traders await CPI inflation data
The 10-year Treasury yield climbed to 4.694% as oil prices popped on Iran-linked Hormuz Strait comments. Investors are now focused on this w
Morgan Stanley flags Csquare's 670MW pipeline but warns on debt
Morgan Stanley began covering data-center operator Csquare, highlighting a 670MW expansion pipeline. The bank warns that heavy debt and proj