By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
UBS Maintains Sell Rating on National Beverage as Margins Face Dual Pressure
UBS reiterated its sell rating and $33 price target on National Beverage, warning that softer sales volumes and stubborn input costs will ke
UBS Says Helen of Troy Can Hold Fiscal 2027 Outlook, But Sales Growth Is Key
UBS says Helen of Troy can still hit its fiscal 2027 earnings target, but weak sales growth and uncertainty around demand are keeping the st
Morgan Stanley Raises Chip Equipment Spending Forecast for 2027-2028, Holds Off on Most Bullish Scenario
Morgan Stanley now expects higher spending on wafer fab equipment in 2027-2028 than previously forecast. However, the bank is not yet incorp
European ADRs Edge Higher as Nokia Surges, Drugmakers Drag
European shares trading in the US as ADRs edged higher Monday, with the S&P Europe Select ADR Index up 0.33%. Telecom stocks like Nokia led
India to Sell Up to 5.04% Stake in Cochin Shipyard at 1,400 Rupees Floor Price
India's government is selling up to 5.04% of Cochin Shipyard through an offer for sale, with a floor price of 1,400 rupees per share. Non-re
BofA Upgrades T-Mobile to Buy, Sees Shield Against Satellite Rivals
Bank of America upgraded T-Mobile to buy, saying the carrier has more room to raise wireless prices and is less exposed to new LEO satellite
Congo Copper and Cobalt Mines Weather Acid Supply Disruptions from Zambia
Congo's mines ministry reassures that copper and cobalt production will remain stable despite sulfuric acid supply disruptions from Zambia.
Bitcoin Miner TeraWulf Lands $19 Billion AI Data Center Deal with Anthropic
TeraWulf has signed a 20-year data center lease with AI company Anthropic, potentially adding $19 billion in contracted revenue. The deal tr
Microsoft Cuts 4,800 Jobs as AI Data Center Costs Squeeze Cash Flow
Microsoft is laying off roughly 4,800 employees, or 2.1% of its workforce, as heavy investment in AI data centers strains cash flow. The cut
Morgan Stanley: AI Chip Rally May Be Peaking as Focus Shifts to Hyperscalers
Morgan Stanley says the recent pullback in AI chip stocks signals the market is moving past semiconductors. The bank sees investors turning
South Pacific Metals Hits High-Grade Gold at Ontenu, Hints at Broader System
South Pacific Metals announced high-grade gold equivalent results from its Ontenu project in Papua New Guinea. Drill hole ONED26-009 returne
Chip Stocks Lead Premarket Rally in US Index ETFs as Oil Slips
Chip stocks drove a premarket bounce in US index ETFs, with the Nasdaq-100 fund QQQ rising 1.3%. Semiconductor ETFs jumped more than 3%, whi