By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Stocks Dip as Trump Proposes 20% Toll on Hormuz Strait Cargo
US stocks fell Monday after President Trump proposed a 20% 'reimbursement' charge on cargo moving through the Strait of Hormuz. The fee coul
DocMorris Shares Surge 17% After Deutsche Bank Upgrade on Funding Optimism
DocMorris shares surged 17.25% after Deutsche Bank upgraded the stock to Buy and hiked its price target to 11.50 francs. The bank cited impr
Pacific Empire Minerals Raises C$1.34M for British Columbia Drilling
Pacific Empire Minerals is raising up to C$1.34 million through a non-brokered private placement. The funds will support drilling at its Tri
UBS Predicts Diageo's Fiscal Q4 Revenue Drop as New CEO Prepares Strategy Reset
UBS expects Diageo to report a 2.7% organic revenue drop in fiscal Q4 when it announces results on Aug. 6. The bank also says a strategy upd
Asian ADRs Edge Higher as Tech Gains Outpace Solar Sell-Off
Asian ADRs inched higher as tech stocks like NetEase and Infosys led gains, while solar names Daqo and JinkoSolar fell. The index's modest r
RBC Says Costco Can Keep Gaining Market Share, But Stock Price Already Reflects Optimism
RBC Capital Markets started covering Costco with a sector perform rating, acknowledging the retailer's ability to gain market share. However
Keysight Technologies: The Unsung AI Infrastructure Play Morgan Stanley Is Betting On
Morgan Stanley upgraded Keysight Technologies, citing its growing AI revenue and role as a critical tester for new hardware. The bank sees K
Stocks Diverge as Iran Strait Closure Sends Oil Surging, Tech Slides
The Nasdaq fell while the Dow held steady after Iran announced it closed the Strait of Hormuz. Oil surged more than 3%, hitting energy stock
Italian Court Refuses to Halt TIM's Exit from INWIT Tower Deal, Revenue at Risk
An Italian court has refused to temporarily block Telecom Italia from exiting a tower-lease agreement with INWIT. The decision escalates a d
HCLTech Plans AI Data Center Platform With Sarvam AI, Up to 35 Billion Rupees Investment
HCLTech is teaming up with Sarvam AI to create a full-stack AI data center platform. The IT services firm may invest up to 35 billion rupees
Matinas BioPharma Ditches Biotech for Nuclear in GH Power Merger
Matinas BioPharma is exiting biotech to merge with modular nuclear reactor developer GH Power. Shareholders will get about 9% of the new par
I Squared Capital Commits $2 Billion to Saudi PIF Infrastructure Assets
I Squared Capital has committed up to $2 billion to invest in assets owned by Saudi Arabia's Public Investment Fund. The deal targets digita