By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Bank of America Extends $520 Million Credit Line to OpenAI Ahead of IPO
Bank of America has opened a $520 million credit line for OpenAI, making it one of the AI company's largest lenders. The move comes as OpenA
Delta Earnings Preview: Q2 Beat Likely, but 2026 Guidance Is the Real Test
UBS predicts Delta Air Lines will report a slight Q2 earnings beat on Friday, but the focus is on forward guidance as fuel costs rise. The b
Oil Jumps, Stocks Slide as Trump Threatens New Iran Strikes
US stocks fell and oil prices climbed Wednesday after President Trump said the US may attack Iran again. The comments reopened worries about
Airbus Delivers 351 Jets in First Half, Up 15%, Keeping Annual Target in Sight
Airbus delivered 351 jets in the first half of 2025, a 15% increase from a year earlier. The planemaker remains on track for its 870-jet ann
Morgan Stanley Warns Logitech Revenue Could Miss Estimates as PC Demand Weakens
Morgan Stanley warns Logitech's fiscal 2027-2028 revenue could be more than 5% below consensus as weaker PC shipments hurt accessories and g
DAX Tumbles 2.35% as US-Iran Strikes and Oil Surge Rattle Global Markets
Germany's DAX index dropped 2.35% on Wednesday as fresh US-Iran military strikes and shipping attacks in the Strait of Hormuz sent oil price
MeiraGTx Secures $400M Royalty Deal, Avoiding Share Dilution as Stock Dips
MeiraGTx secured $400 million from Oberland Capital through a royalty financing deal that avoids issuing new shares. The stock fell 6.2% as
Morgan Stanley: Triple Net REITs Still Cheap Despite Solid First Half
Morgan Stanley says triple net REITs had a solid first half but still look cheap, trading at a 27% AFFO discount to the broader REIT industr
Funds Trim Bearish Wheat Bets on Euronext, Reducing Squeeze Risk
Funds and other non-commercial traders reduced their bearish bet on Euronext milling wheat, trimming net shorts to 9,728 contracts. This lig
Morgan Stanley: Biopharma Outperformance Now Hinges on Company Results, Not Rates
Biopharma stocks have quietly outperformed the broader market this year, but Morgan Stanley warns that the next leg of gains will depend on
European ADRs Slide 1.1% as Energy Gains Offset by Banco Santander, SAP Declines
European ADRs slipped 1.11% in US trading late Wednesday, as gains in energy stocks like Equinor and Eni were outweighed by sharp declines i
Asian ADRs Rise in Early US Trading as Alibaba Surges 9.8%, HDFC Bank Slips
Asian stocks trading in the US as ADRs rose 0.79% early, with Alibaba surging 9.8% and HDFC Bank sliding 2.4%. These moves offer clues for i