By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tower Semiconductor's AI-driven forecast beats Wall Street estimates
Tower Semiconductor forecast third-quarter revenue of about $520 million, beating Wall Street's $490 million estimate. The contract chipmake
BioNTech cuts 2026 sales forecast as COVID vaccine demand fades
BioNTech lowered its 2026 revenue forecast to €1.6-1.9 billion, citing weaker COVID vaccine demand and delayed milestone payments. Second-qu
McDonald's US sales growth slows to 0.8% despite value push
McDonald's US same-store sales rose just 0.8% in the second quarter, missing analyst expectations despite a heavy push on value deals. The c
Apollo's record fees and insurance income mask a slowdown in exit gains
Apollo Global Management hit quarterly records in management fees and insurance income, but profits from selling its own investments fell sh
Waters lifts 2026 outlook as lab demand holds and diagnostics unit gains traction
Waters beat analyst estimates with $1.65 billion in revenue and raised its full-year guidance. Steady demand for lab instruments and early m
Castrol India profit jumps 42.6% on strong demand for premium oils
Castrol India reported a 42.6% rise in quarterly profit, driven by stronger sales of premium engine oils to both consumers and industrial cl
Oil's 2.8% bounce lifts TSX futures after long weekend
Canadian stock futures rose Tuesday as oil prices bounced, with Brent crude up 2.8%. Gold held steady, while investors digested earnings fro
Copper tops $14,000 as LME stock withdrawals tighten supply
Copper has climbed back above $14,000 a ton as London Metal Exchange warehouse inventories keep draining. Available stock fell to 94,200 ton
Spotify's AI push meets softer profit outlook as user growth cools
Spotify guided to €670 million in third-quarter operating income, slightly below analyst forecasts, as user growth cools in its most mature
Berenberg upgrades BE Semiconductor after 37% slide, sees new entry point
Berenberg upgraded BE Semiconductor to Buy after the stock fell 37% since June 22, keeping a 240-euro price target. The bank sees a better e
Singapore shares flat as AI valuations spark caution; Koh Brothers, First Sponsor diverge
Singapore's benchmark STI finished unchanged as concerns over pricey AI stocks tempered sentiment. Koh Brothers dropped after reporting a fi
Nippon Steel lifts profit outlook 32% as US Steel acquisition pays off
Nippon Steel boosted its FY2026 profit outlook by 32% after a sharp quarterly turnaround, with its newly acquired US Steel unit driving gain