By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
RTX and Lockheed Martin Raise 2026 Targets After Strong Q2 Earnings, Record Backlogs
RTX and Lockheed Martin both beat second-quarter expectations and raised their 2026 targets, citing record backlogs that ensure years of fut
European Stocks Slide as ECB Holds Rates Steady, Warns on Future Path
European stocks dropped after the ECB held interest rates steady at 2.25% and signaled no preset path for future moves. Investors also weigh
Reddit's US User Growth Fuels Ad Revenue Ahead of Q2 Results
Wedbush Securities predicts Reddit will report a strong Q2 on July 30, driven by faster US user growth and improved advertising tools. The f
Morgan Stanley Raises CME Group Price Target to $330 on New Futures Products
Morgan Stanley raised its price target on CME Group to $330, citing new products like single-stock and compute futures. The analysts see the
European ADRs Slip 0.9% as Energy Gains Fail to Offset Broader Weakness
European stocks trading in the US as ADRs slipped 0.9% on Thursday, even as biotech firm argenx and several energy companies posted gains. T
Morgan Stanley: Alphabet's TPU Business and Gemini 4 Are Key AI Tests
Morgan Stanley says Alphabet's Tensor Processing Units could become a major business, but the launch schedule for Gemini 3.5 Pro and Gemini
Asian ADRs Slip in Early US Trading as Infosys, Token Cat Weigh on Index
Asian stocks trading in the US as ADRs slipped early Thursday, with the S&P Asia 50 ADR Index down 0.49%. Infosys and Token Cat were among t
Peacock Turns First Quarterly Profit, Adds 2 Million Subscribers
Comcast's Peacock streaming service achieved its first quarterly profit, reporting $189 million in pre-tax earnings and adding 2 million pai
Wall Street Pulls Back as Big Tech's AI Spending Spooks Investors, Oil Hits $100
Wall Street retreated after Alphabet and Tesla's earnings highlighted the high cost of AI investment. Oil's brief surge past $100 added to i
Thermo Fisher Lifts 2026 Profit Forecast After Strong Q2 Earnings Beat
Thermo Fisher Scientific topped Wall Street's Q2 expectations and raised its 2026 adjusted EPS forecast to $24.93-$25.33. Shares jumped 10%
Mapletree Industrial Trust to Sell Up to S$600M in North American Assets, Shift to Data Centers
Mapletree Industrial Trust aims to sell S$500-600 million of North American assets to reduce debt and reallocate capital toward data centers
Paytm, CRED, Others Warn NPCI That Default UPI Option Could Cement Google Pay, PhonePe Dominance
Paytm, CRED, and other Indian payments apps are pushing back against a plan that would let merchants save a customer’s default UPI option fo