By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Hedge Funds Dump Chip Stocks for Fourth Week as SOX Slides 4.2%
Hedge funds have been cutting positions in chip and tech hardware stocks for four consecutive weeks, according to Goldman Sachs. The selling
FTSE 100 Edges Lower as Gold Slump Offsets EasyJet's £5.5B Takeover Surge
The FTSE 100 slipped 0.1% as a takeover boost for easyJet and ITV was outweighed by a 0.9% drop in miners. Gold eased from a two-week high a
BofA Raises IAG Price Target to 570p, Sees Potential Guidance Boost on Lower Fuel Costs
Bank of America raised its price target for British Airways owner IAG to 570p, arguing that softer jet-fuel costs and steady travel demand c
BP, Marathon, Valero Warn Gas Stations: Illegal Vapes Risk Six-Figure Fines and Card Payment Loss
BP, Marathon, and Valero are warning gas station convenience stores that selling illegal vapes could trigger mid-six-figure fines and even c
Fed Minutes Release Looms as Markets Bet on Multiple Rate Hikes
All eyes are on Wednesday's release of the Federal Reserve's June meeting minutes. Traders have already priced in multiple rate hikes for la
Berenberg Raises Bechtle Price Target but Sees Q2 Update as Steady, Not Stellar
Berenberg raised its price target for Bechtle to €34.50, but expects the IT firm's Q2 update on August 12 to be in line with Q1. The bank li
Nextage Doubles First-Half Profit, Raises Full-Year Guidance on Strong Demand
Nextage's first-half profit more than doubled to 8.88 billion yen, driven by robust demand and better per-vehicle margins. The company raise
Swiss Life Likely to Announce CHF250 Million Share Buyback on Sept 1
Swiss Life may restart its share buyback program with a CHF250 million announcement on Sept 1. Berenberg says the insurer's strong solvency
Dealmakers Target Drones, Drugs, and Gold in a Surge of Cross-Sector M&A
A wave of mergers this week spans underwater drones, private banking, biotech, chemicals, and gold mining. The deals show companies betting
EM Stocks Pause as Stronger Dollar Pressures Currencies Ahead of Earnings
Emerging-market stocks steadied Monday, but currencies slipped as the US dollar firmed. Investors are waiting on earnings to see if the rall
Aluminum Prices Climb as LME Stockpiles Slip Below 300,000 Tons, Raising Supply Fears
Aluminum prices rose as LME stockpiles dropped below 300,000 tons for the first time since 2022. The thinner buffer makes prices more sensit
Solstice Advanced Materials and Element Solutions in $27 Billion Merger Talks
Solstice Advanced Materials and Element Solutions are in talks for a mostly stock merger of equals valued at about $27 billion. The deal aim