By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Homebuilder Confidence Drops to 32 as Mortgage Rates Climb to 6.97%
The NAHB/Wells Fargo index slipped to 32 in September as mortgage rates climbed to 6.97%. Builders are increasingly relying on price cuts an
UBS turns bullish on Union Pacific, sees growth through 2027
UBS upgraded Union Pacific to 'buy' and raised its price target to $339, citing strong volume and pricing trends. The bank sees earnings gro
Swiss stocks edge higher as investors await Fed's next move
Swiss stocks edged higher as investors digested UK inflation data, a leadership change at SECO, and updates from Vetropack, Galderma, and No
MFE's ProSieben consolidation flips first-half profit to €145.7M
MFE-MediaForEurope reported €145.7 million in adjusted operating profit for the first half, helped by consolidating ProSiebenSat.1. Ad reven
BofA: Bandwidth's AI voice story is promising but still early
Bank of America began covering cloud-calling firm Bandwidth with a neutral rating and a $60 price target. The bank likes the company's netwo
DeepMind's Shane Legg launches institute to keep AI safety on pace
Google DeepMind co-founder Shane Legg is launching a new institute to widen the debate on AI safety as 'agentic' AI advances quickly. He mai
Guidewire's cloud backlog could fuel steady growth into 2027
RBC says about 100 Guidewire customers still need to move off on-premises systems over the next four to five years. That backlog, plus new A
Microsoft AI chief warns Claude's 'consciousness' talk could make AI harder to control
Microsoft's AI chief Mustafa Suleyman told Reuters that Anthropic's training of Claude, which includes references to AI consciousness and we
Xali Gold considers selling Mexico assets to fund Peru project
Xali Gold is exploring the sale of its El Oro hard-rock assets in Mexico to concentrate on its Pico Machay project in Peru. The company may
Air France-KLM open to Portugal stake as TAP bidding heats up
Air France-KLM says it would welcome a Portuguese government stake in the group as it competes with Lufthansa for up to 49.9% of TAP Air Por
Meritage Homes downgraded as rising mortgage rates threaten demand
Truist downgraded Meritage Homes to hold, citing rising mortgage rates near 7% that could cool demand. The analyst warns the builder may nee
Electra's nickel refinery plan advances as Nasdaq grants reprieve
Electra Battery Materials released early engineering results for its nickel refinery, showing potential recoveries above 97% for nickel and