By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Csquare IPO Priced Below Range as Investors Demand Cushion on AI Infrastructure Deals
Csquare's IPO priced at $21, below the $23-27 range, and slipped 3% on debut. The tepid reception signals that public investors are demandin
Toyota's $10.4 Billion Hilux Upgrade in South Africa Nears Completion, Eyes EU Market
Toyota South Africa is 77% done with its 10.4 billion rand Hilux upgrade, with pilot production already running in Durban. The overhaul, set
Chip Stocks Drag Nasdaq Lower as Strong Earnings Season Begins
Chip stocks slid again on Thursday, dragging the Nasdaq lower despite a solid start to second-quarter earnings. The Dow rose while the S&P 5
DeepSeek Gets Rare $52 Billion Valuation Tag in Public Filings
Public filings from two Chinese listed companies have put a rare price tag on private AI startup DeepSeek, implying a valuation of about 351
James Hardie's Beat-and-Raise Case Hinges on AZEK Synergies and Cash Flow
Oppenheimer analysts argue James Hardie can beat earnings estimates even without a housing rebound, thanks to market share gains and AZEK co
ABB's $5.5B Rotork Bid Fails to Lift Swiss Stocks as Oil Jitters Weigh
Swiss stocks edged lower as ABB's $5.5 billion offer for UK valve-maker Rotork failed to boost sentiment, with its own shares falling nearly
RBC Sees Albertsons Clearing Q1 Hurdle, But Q2 Profit Squeeze Looms
RBC expects Albertsons to post a decent fiscal Q1 with adjusted EBITDA near $1.11 billion, above Wall Street estimates, even as identical sa
Dollar Steadies as Oil Surge Offsets Cooling Fed Rate Hike Bets
The US dollar steadied Thursday as two opposing forces balanced out: cooler inflation data reduced expectations for another Fed rate hike, w
RBC Sees J&J Drug Pipeline Driving Growth Through 2027, MedTech Rebound Ahead
RBC Capital Markets sees Johnson & Johnson's drug business growing into 2027, with 14% ex-Stelara sales growth in Q2. The bank also expects
Latin American Markets Dip as Oil Tops $85 and US Dollar Strengthens
Latin American stocks and currencies eased as Brent crude rose above $85 a barrel and the US dollar strengthened. The MSCI Latin American st
Japan Bets $2.4 Billion on Humanoid Robots to Regain AI Edge
Japan is investing $2.4 billion in a new consortium called Noetra, bringing together tech giants like SoftBank and Fujitsu to build AI for h
Wedbush Expects Softer Q2 for IMAX Before Stronger Second Half
Wedbush predicts IMAX will report a softer second quarter as China ticket sales and a family-heavy US movie slate limit demand. The firm exp