By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
RBC lifts F5 price target to $508 after strong quarter and AI-driven demand
RBC Capital Markets raised its price target on F5 to $508 after the company beat fiscal Q3 expectations and lifted full-year guidance. The b
RBC warns Hershey may miss Q2 revenue on weak candy sales
RBC Capital Markets warns Hershey may miss second-quarter revenue expectations due to weaker North American candy sales. The bank cites reta
L&T holds FY27 growth targets despite Middle East disruptions and margin squeeze
Larsen & Toubro reported a 14% rise in first-quarter profit but saw its operating margin narrow to 9%. Despite disruptions in West Asia, the
Wedbush raises Cinemark estimates ahead of earnings on steadier film slate
Wedbush raised its Q2 revenue and earnings estimates for Cinemark ahead of Thursday's earnings, pointing to a steadier film slate and theate
Ocado drops £190m claim against M&S, shifts focus to growth
Ocado has dropped its claim for a roughly £190 million payout from Marks & Spencer tied to their Ocado Retail joint venture. The partners wi
Toronto stocks edge lower as gold and oil retreat, tech gains on Celestica AI results
The TSX slipped 0.3% as falling gold and oil prices dragged down materials and energy stocks. Tech stocks bucked the trend after Celestica r
Bond market grows wary as Big Tech's AI spending hits record levels
Big Tech's massive AI spending is starting to worry bond investors. Credit default swap costs have surged, and Oracle's credit rating was cu
S&P Global expands into African credit ratings and data center research with two acquisitions
S&P Global is buying majority stakes in two specialized information businesses: Pan-African credit rater Agusto & Co. and data center resear
Canada ramps up T-bill issuance to cover C$309 billion in maturing debt
Canada is increasing its reliance on short-term Treasury bills to handle a surge of bond maturities in August and September. National Bank o
PACCAR Beats Q2 Estimates as Parts Revenue Hits $1.75 Billion
PACCAR, maker of Kenworth and Peterbilt trucks, beat Q2 estimates as parts revenue climbed to $1.75 billion. Despite a small drop in deliver
Copper prices dip as dollar strengthens and Fed rate hike bets rise
Copper prices slipped in London as the US dollar strengthened and traders increased bets that the Federal Reserve could raise interest rates
Corning's AI fiber optics growth strong but Q3 outlook disappoints Wall Street
Corning's AI-linked optical fiber business continues to grow, with second-quarter revenue beating forecasts. However, a weaker-than-expected