By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Netflix and Ford Moves Show Consumer Stocks Aren't a Monolith
Netflix shares rose on a reported $200 million deal for the 2027 Women's World Cup rights, while Ford climbed after lifting its full-year co
ChatGPT nears 1 billion users but tech stocks slip on mixed earnings
ChatGPT is approaching 1 billion weekly users, but that AI excitement wasn't enough to lift tech stocks. Chip and hardware names led decline
Fed Holds Rates at 3.5%-3.75% in Split Vote; Financial Stocks Slide
The FOMC held the fed funds rate at 3.50%-3.75% in a split 9-3 vote. Financial stocks slipped as the 10-year Treasury yield edged higher, hu
Chip stocks slide as Japan quake disrupts TSMC's Kumamoto plant
Chip stocks slid Monday after a powerful earthquake in Japan's Kumamoto prefecture forced TSMC to evacuate staff and halt some operations at
Renault returns to profit as EV sales surge 47.6% in first half
Renault reported a net profit of €700 million for the first half of 2024, reversing a year-ago loss. Revenue rose 9.4% to €30.25 billion, fu
ChipAgents raises $60M to speed up chip verification with AI agents
ChipAgents raised $60 million to build AI agents that automate chip verification, a slow and costly step in chip design. The startup is also
Swiss stocks slip as Fed uncertainty and UBS buyback shape market
Swiss stocks edged lower as traders weighed a 32% probability of a Federal Reserve rate hike. UBS provided a bright spot, raising its first-
L'Oreal's mass-market brands drive sales growth despite China travel retail weakness
L'Oreal's second-quarter sales hit €11.6 billion, beating forecasts thanks to strong mass-market brand performance and European online deman
DAX Flat as BASF and Rheinmetall Shine on Earnings Day
Germany's DAX ended flat, but BASF and Rheinmetall stood out. BASF climbed after quarterly results matched expectations, while Rheinmetall s
Centene's Q2 beat fails to ease long-term Medicaid margin concerns
Centene reported a stronger-than-expected second quarter, but RBC Capital warns that its Medicaid margins may not meaningfully recover until
Fed Decision Day: Markets Split on Rate Hike vs. Hold as Inflation Stays Sticky
Investors face an unusually uncertain Fed decision, with rate futures pricing a 65% chance of a hold and 35% odds of a hike. The split refle
Cognizant lifts profit outlook as financial services revenue jumps 12%
Cognizant raised its full-year profit outlook after a strong quarter led by financial services clients. Revenue from that segment jumped 12%