By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Gallagher holds 2026 outlook but lifts risk management growth target
Arthur J. Gallagher held most of its 2026 guidance after a mostly in-line Q2, but raised its Risk Management organic-growth outlook. RBC say
European ADRs slip 0.6% as Novo Nordisk, Grifols weigh on index
European ADRs traded in the US slipped 0.6% Friday morning, with healthcare names Novo Nordisk and Grifols leading the decline. NatWest and
Ares CEO signals private equity expansion as allocators seek one-stop shops
Ares Management CEO Michael Arougheti says the $671 billion private credit firm may need to expand in private equity. The move reflects grow
Pound heads for best month since April as budget nerves fade
Sterling is set for its best month since April, even as the UK moves its budget to October 28. The muted reaction reflects global currency s
Kimberly-Clark's Q2 likely steady as costs ease, RBC says
Kimberly-Clark's sales growth may slow in Q2, but RBC says easing cost pressures and productivity gains should keep the consumer staples gia
Marcus could boost dividends and buybacks after theater cleanup, Wedbush says
Wedbush says Marcus is emerging from a cleanup phase with fewer, cheaper-to-run theaters. That could leave the company with more cash to lif
Bond market sends mixed signal as Fed holds rates steady
The Fed kept rates unchanged, but three officials wanted a hike. Meanwhile, short-term yields fell while 30-year yields hit a 19-year high,
Copper's July Gain Hits a Supply Squeeze as LME Stocks Halve
Copper prices rose about 3% in July even as China's factories cooled, thanks to a sharp drop in LME warehouse stocks. The squeeze flipped ne
MCAN Mortgage beats estimates as assets under management jump 28%
MCAN Mortgage beat analyst expectations, earning C$0.59 per share as assets under management climbed 28% to C$8.5 billion. The lender also d
Amazon and Microsoft earnings revive investor appetite for AI stocks
Global stocks rose after Amazon and Microsoft results revived interest in AI-linked shares. The yen remained volatile after suspected Japane
ASX 200 ends July up 2.3% as investors turn to earnings season
The S&P/ASX 200 rose 0.1% on Friday, capping a 2.3% monthly gain. With inflation cooling and the RBA less hawkish, attention shifts to Augus
Schaeffler cuts 2028 sales goal, E-mobility margin target; shares plunge 13%
Schaeffler trimmed its 2028 sales target and cut its E-mobility margin outlook to 0% to -4%, blaming weaker US demand for passenger cars and