By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
SK Hynix's $26.5B US Debut Opens 14% Higher, Putting AI Chips Back in Focus
SK Hynix's US stock debut opened 14% above its offering price, drawing $26.5 billion in demand. The move gives US investors easier access to
Pfizer's Q2 Profit May Miss Estimates as COVID Drug Sales Decline
RBC Capital Markets expects Pfizer's second-quarter earnings per share to come in at $0.66, slightly below the $0.68 consensus, as sales of
AtkinsRealis Partners with Indigenous-Owned Scout to Boost Infrastructure Bids
AtkinsRealis has signed a nonbinding agreement with Indigenous-owned Scout Engineering & Consulting to collaborate on infrastructure and com
Eurozone Inflation Cools in France and Germany as Deal Activity Heats Up
France and Germany's June inflation eased, signaling potential ECB rate cuts. Meanwhile, Apollo topped Castlelake's bid for EasyJet and Voda
Latin American Markets Rise as Steady Oil and Soft Inflation Offset AI Jitters
Latin American stocks and currencies gained as steady oil prices and softer Brazil inflation offset global AI-related tech jitters. The MSCI
Steve Madden's Q2 Beat May Be Priced In, UBS Says
UBS forecasts a $0.03 earnings beat for Steve Madden and a slightly higher fiscal 2026 outlook. But the bank warns that investors have alrea
TSX Edges Up as Canada's June Jobs Beat Expectations, Rate Decision Looms
Canada's main stock index barely moved after a slightly stronger-than-expected June jobs report. Aritzia and Shopify led gains, while trader
European ADRs Edge Lower as Vodafone Surge Masks Mixed Trading
European stocks trading in the US as ADRs slipped 0.2% in early trading, but the headline masks big moves underneath. Vodafone surged 13% an
UBS Forecasts Chipotle Sales Rebound in Second Half Despite Near-Term Margin Squeeze
UBS projects Chipotle's same-store sales will rise 1.2% in the second quarter, with margins under pressure from higher ingredient costs. The
Spotify Q2 Preview: Revenue and Profit Seen In Line as Premium Growth Slows
UBS expects Spotify to report Q2 revenue of €4.8 billion and operating income of €634 million, in line with management targets. Premium subs
Asian ADRs Edge Higher as KB Financial, Kingsoft Cloud Surge; Consumer Lenders Sink
US-listed Asian ADRs edged higher Friday, with the S&P Asia 50 Index up 0.6%. Gains in KB Financial and Kingsoft Cloud offset steep losses i
Rackspace Targets Enterprise AI Growth with AMD-Backed GPU Buildout
Rackspace Technology is investing in a new GPU buildout backed by AMD and fresh financing. RBC Capital Markets projects enterprise AI revenu