By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Jersey Mike's and Reformation IPO Tests a Sparse Retail Market
Two well-known brands, sandwich chain Jersey Mike's and women's clothing label Reformation, have set IPO price ranges. They aim to raise mor
SK Hynix Eyes Intel's Ohio Chip Campus for US Memory Production
SK hynix is reportedly evaluating Intel's chipmaking campus in New Albany, Ohio, as a potential site for US memory production. The South Kor
FTSE 100 Rises 0.9% as Gold Miners and Oil Stocks Lead on Middle East Tensions
The FTSE 100 rose 0.9% to 10,684.33, led by gold miners and oil stocks as Middle East tensions boosted safe-haven demand. Segro shares surge
AT&T Adds 432K Wireless Subscribers as Bundles Lure Value-Conscious Households
AT&T added 432,000 net postpaid phone subscribers in Q2, beating estimates of 338,500. The carrier's low-cost unlimited plans and OneConnect
Wolters Kluwer AI Fears Already Priced In, BofA Says Ahead of H1 Results
Bank of America expects Wolters Kluwer's half-year results on Aug. 5 to be broadly in line with forecasts. The bank says AI-related worries
Airbus Shares Surge 7% on €5 Billion Buyback and Higher 2029 Output Targets
Airbus shares climbed more than 7% after the planemaker announced a €5 billion share buyback and raised its 2029 targets. The company cited
TE Connectivity Beats Estimates, Sees AI Data Center Demand Driving Orders Up 70%
TE Connectivity beat earnings estimates and guided above forecasts, driven by AI data center demand. Orders rose over $1 billion year-over-y
Singapore Stocks Rise 1.2% as Chip Sentiment Lifts Straits Times Index to 5,595
Singapore stocks rose 1.2% on Wednesday, with the Straits Times Index closing at 5,595.42. The rally was fueled by better chip sentiment, hi
RBC Backs Assa Abloy: 4% Sales Growth and Margin Gains in a Slow Market
RBC Capital Markets is standing by Swedish lockmaker Assa Abloy even as construction-related demand stays soft. The bank points to 4% organi
China Tech Stocks Retreat After Tuesday's Rally as Investors Cash In Gains
China's CSI 300 fell 0.5% and Hong Kong's Hang Seng dropped 1% Wednesday as investors took profits from Tuesday's big rally. Tencent led the
Bank of America Raises Poste Italiane Target After TIM Board Backs Takeover Bid
Bank of America raised its price target for Poste Italiane to €32 after TIM's board approved the takeover offer. The offer runs from July 20
Volkswagen Deepens China AI Ties to Accelerate Self-Driving Tech
Volkswagen is strengthening its collaboration with Chinese AI firm Horizon Robotics to speed up development of self-driving software. The au