By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Dauch faces softer second half as GM pickup launch ramps
RBC Capital Markets expects auto-parts supplier Dauch to see North America and Europe volumes fall 4% and 8% sequentially in the second half
Imperial Brands to cut thousands of jobs in Europe and US
Imperial Brands is preparing to cut thousands of jobs across Europe and the US, with notices at its US unit ITG Brands starting Aug. 19. The
Wendy's withdraws 2025 forecast as US sales stay weak
Wendy's has paused its full-year forecast after a stretch of weak US sales, and Morgan Stanley says the company isn't counting on a big seco
Shein's IPO valuation talk drops to under $30 billion
Shein is reportedly sounding out investors for an IPO at a valuation below $30 billion, a sharp drop from its 2022 peak of over $100 billion
Monday.com beats Q2 estimates but soft Q3 outlook hits shares
Monday.com topped Wall Street's Q2 estimates and lifted its full-year profit forecast, but its Q3 revenue guidance came in slightly below ex
Archer Aviation to Acquire Boeing's Wisk Aero; Bezos Eyes Liverpool Stake
Archer Aviation is acquiring Boeing's Wisk Aero, a move that could reshape the air taxi market. Meanwhile, reports say Jeff Bezos is close t
Ferguson lifts sales outlook after strong quarter, shares rise
Ferguson Enterprises topped expectations with $8.75 billion in quarterly sales and raised its 2026 growth outlook to the high end of its pri