By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Morgan Stanley Downgrades Wix on AI Cost Concerns, Slashes Price Target
Morgan Stanley downgraded Wix to equal-weight and cut its price target to $60 from $112, pointing to heavy costs from its AI 'vibe-coding' p
Asian ADRs Surge as Chip Stocks Lead Broad Rally
Asian stocks trading in the US via ADRs climbed Tuesday, led by semiconductor names. The S&P Asia 50 ADR Index gained 1.94% to 2,917.79, wit
Bajaj Auto Targets 60,000 Chetak Electric Scooters Monthly After EV Revenue Surge
Bajaj Auto is boosting production of its Chetak electric scooter to 60,000 units per month. The move follows a quarter where EVs accounted f
Chip Stocks Surge as TSMC Considers Up to 10% Price Hike Starting in 2027
Semiconductor stocks outpaced the broader tech sector in premarket trading Tuesday after a report that TSMC, the world's largest contract ch
China's Regulator Rallies Investors After $1.48 Trillion Market Rout
China's stock regulator held meetings with investors and companies after a two-week selloff wiped 10 trillion yuan ($1.48 trillion) off the
RBC Raises ABB Price Target Despite Messy Q2 and Costly Rotork Deal
RBC Capital Markets raised its price target on Swiss industrial group ABB to CHF 83 after a second quarter that showed strong sales growth b
Danaher Raises Profit Forecast but Cuts Revenue Outlook, Shares Slide 12%
Danaher raised its full-year profit outlook, but investors focused on a trimmed core revenue growth forecast and a biotech sales miss. Share
Microsoft and Mistral AI Strike Multibillion-Dollar Deal for Sovereign AI in Europe
Microsoft and France's Mistral AI have signed a multibillion-dollar partnership to deliver sovereign AI to regulated European customers. The
Compass Group Sees Surge in First-Time Outsourcing from Hospitals and Schools
Compass Group says first-time outsourcing drove 51% of new business in the six months to March. Hospitals and schools are increasingly turni
Equifax Trims 2026 Revenue Forecast as High Mortgage Rates Squeeze Housing Market
Equifax narrowed its 2026 revenue forecast to $6.71-6.78 billion, citing persistent high mortgage rates around 6.6% that are dragging on hom
D.R. Horton Slashes 2026 Revenue Forecast as Incentives and Costs Bite
D.R. Horton lowered its 2026 revenue outlook to $32.5-$33.0 billion, below analyst estimates, as it offers more buyer incentives and faces r
Chip Stocks Are Swinging Five Times Faster Than the Market: A 30-Year High in Volatility
Chip stocks are swinging more wildly than the broader market, with volatility hitting a 30-year high. The Philadelphia Semiconductor Index i