By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
India's LIC stake sale draws strong demand from big investors
India's government sold a 6.5% stake in Life Insurance Corporation, drawing strong demand from institutional investors. The offer was subscr
Brazil's chicken glut set to squeeze JBS and MBRF margins in 2026
JPMorgan expects Brazil's chicken oversupply to continue into 2026, hitting margins at JBS and MBRF. With supply outpacing demand, prices ma
Asian tech stocks slide as AI rally cools, oil steadies near $75
Asian stocks slipped Thursday as a fresh AI rally fizzled, hitting tech heavyweights like SK Hynix and Tokyo Electron. Oil stayed near mid-$
eBay raises Q3 forecast as luxury and secondhand goods drive growth
eBay raised its third-quarter revenue forecast to $3.07-$3.12 billion, above analyst estimates, as it focuses on authenticated luxury, colle
Figma's AI push boosts sales but squeezes margins, stock drops
Figma's sales surged 48% last quarter, but heavy AI investment nearly doubled costs and squeezed operating margin to 10%. Shares dropped 16%
Axon's margins slip as services take a bigger slice of revenue
Axon Enterprise topped Wall Street's Q2 forecasts, but a bigger mix of lower-margin professional services dragged overall gross margin down
Solventum to spin off health IT unit as it lifts 2025 outlook
Solventum will spin off its health information systems business, a unit that generated 16.3% of 2025 sales, as part of a sharper turnaround
CF Industries misses Q2 estimates as fertilizer volumes slide
CF Industries' second-quarter earnings fell short of Wall Street forecasts even as nitrogen prices climbed. Higher prices lifted sales, but
Accell files for insolvency as Europe's bike boom turns to bust
Accell, the Dutch bike maker behind brands like Sparta and Raleigh, has begun insolvency proceedings. The company, taken private by KKR in 2
OR Royalties Q2 profit jumps 78% as gold deliveries and prices lift results
OR Royalties' second-quarter adjusted earnings jumped 78% to $0.32 a share, beating analyst estimates, as revenue rose 62% to $97.8 million.
Doman Building Materials posts record revenue but misses analyst target
Doman Building Materials posted record second-quarter revenue of C$904.5 million, but it missed analyst estimates. The gain came from higher
Figma raises full-year forecast as AI tools drive 48% sales jump
Figma raised its full-year revenue forecast after second-quarter sales jumped 48%, saying its AI features are helping it win and keep custom