By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Canada's stock futures rise on earnings, GDP and Couche-Tard deal in focus
Canadian stock futures ticked up Friday as strong earnings, including from Magna and TMX Group, offset caution ahead of May GDP data. Invest
Flipkart Plus members get Netflix mobile plan with monthly orders
Flipkart is offering Plus members a 30-day Netflix Mobile plan if they place at least four 299-rupee orders in a month, starting August 1st.
Barclays: Enel's first-half beat supports 2026 plan after EPS target hike
Enel's first-half results beat expectations, and the Italian utility lifted its full-year ordinary EPS target to €0.74. Barclays says the nu
ITV's World Cup Ad Boost Fades as Q3 Revenue Set to Fall 5%
ITV's first-half ad sales got a boost from the Women's World Cup, but the broadcaster expects Q3 advertising revenue to fall about 5%. The b
MediaTek commits $5B to data-center AI chips as phone sales slide
MediaTek will invest up to $5 billion in custom AI chips for data centers, aiming for more than $2 billion in revenue by 2026. The move come
RBC trims Philips profit view after costly Q2, but company keeps targets
RBC Capital Markets trimmed its fiscal 2026 profit forecast for Philips by 2% after a costly second quarter in its Diagnosis & Treatment uni
US stocks steady as China factory gauge slips, oil dips
US equities closed near session highs even as China's July manufacturing PMI fell to 49.2, signaling contraction. Brent crude also slipped b
Sekisui Kasei's profit jump driven by asset sales, not sales growth
Sekisui Kasei lifted its first-half profit outlook after asset sales and efficiency gains, even as quarterly revenue fell 20%. The profit ju
Nordic earnings season begins with Novo Nordisk's Q2 report due August 5
Nordic earnings season is underway, with Novo Nordisk's Q2 results due August 5 and Genmab reporting after the close on August 6. Investors
Linde lifts 2026 outlook after beat, plans $1B Arizona plant
Linde raised the low end of its 2026 EPS guidance to $17.70-$17.90 after a 10% earnings beat. The company also unveiled a $1 billion Arizona
Sun Pharma profit jumps 27% as specialty drugs take bigger share
Sun Pharmaceutical Industries reported a 27% jump in quarterly net profit to 28.95 billion rupees, as specialty medicines contributed 21.9%