By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Elf Beauty raises outlook as budget shoppers fuel 36% sales jump
Elf Beauty raised its annual sales and profit forecast after a strong quarter, with net sales up 36% to $479.4 million. The company is leani
McDonald's overseas strength offsets US value missteps, UBS says
UBS says McDonald's global same-store sales held up in Q2 thanks to international markets, but inconsistent US value deals and marketing wei
Stocks Split as Oil Drops on Hormuz Reopening Hopes
US stocks were mixed Wednesday as reports of a possible interim deal to reopen the Strait of Hormuz pushed oil prices lower. The Dow rose wh
Eli Lilly's guidance lift boosts healthcare stocks, CVS slips
Healthcare stocks climbed Wednesday as Eli Lilly's strong results and raised 2026 guidance lifted the sector. CVS slid after overhauling its
Morgan Stanley: Powersports 'beats' look thin once tariffs are stripped out
Polaris, Harley-Davidson, and Brunswick topped Q2 expectations and lifted 2026 outlooks, but Morgan Stanley says tariff refunds and softer Q
Puig beats Q2 forecasts, but Berenberg trims long-term outlook
Puig's second-quarter results topped expectations, but Berenberg still trimmed its 2026-2028 sales and profit forecasts. The bank raised its
SpaceX Stock Drops 8.6% Despite Q2 Beat as AI Plans Tie to Nvidia
SpaceX beat Q2 sales and loss estimates, but the stock slid 8.6% after Elon Musk said its AI services will run exclusively on Nvidia. Nvidia
Utilities defy higher Treasury yields, showing defensive strength
Utility stocks typically struggle when Treasury yields climb, but last month they barely flinched and even beat the broader market. The sect
Morgan Stanley: Tinder selloff is overdone, raises Match price target
Morgan Stanley says the market overreacted to Match's weaker-than-expected Tinder user growth, pointing to improving trends into 2026. The b