By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
S&P 500 Rises as Tech Cools and Oil Drop Boosts Broader Market
US stocks rose this week even as some big tech names cooled, with the S&P 500 closing at 7,483.24. Oil slid to $68.46 a barrel after Iran ta
Tesla Launches Three-Row Model Y L at $61,990 to Boost US Demand
Tesla has introduced a longer, six-seat Model Y L in the US, priced at $61,990. The new variant aims to revive demand after last year's fede
Amazon's Project Kuiper Hits 394 Satellites, Targets Initial Service by Year-End
Amazon's satellite internet network, Project Kuiper, now has 394 satellites in orbit after a recent Atlas V launch. The company says it has
Truist Sees Manufacturing Growth Fueling Industrials Earnings This Quarter
Truist Securities expects a six-month stretch of US manufacturing growth to give industrial companies a tailwind as they report Q2 results.
Morgan Stanley Sees Short-Term Boost for Constellation Brands as Gas Prices Drop
Morgan Stanley lowered its price target on Constellation Brands to $158 but kept an equal-weight rating, noting that falling US gas prices c
US Auto Sales Edge Up 0.8% in Q2 2026 as GM and Ford Lose Ground to Honda and Nissan
Total US light-vehicle sales barely grew in Q2 2026, up 0.8% year-on-year. GM and Ford posted declines, while Honda and Nissan gained share,
OpenAI Proposes 5% Government Stake as US Jobs Data Disappoints
OpenAI is reportedly offering the US government a 5% stake, part of a broader plan to align national interests with AI development. Meanwhil
FTSE 100 Surges 1.7% as US Jobs Data Eases Rate Hike Fears
A cooler-than-expected US jobs report sent the FTSE 100 up 1.7% to its highest level since late April. The data eased fears of more Federal
German Stimulus Plan Fuels DAX Rally; Bayer Jumps 8.9% on Glyphosate Restructuring
German stocks rallied after Chancellor Friedrich Merz's coalition unveiled a stimulus package featuring tax cuts and pension reforms. The DA
European Stocks Rise 1.6% as Healthcare and Banks Lead; Oil Falls
European stocks rose Thursday, with the Stoxx Europe 600 gaining 1.6%. Healthcare and banking sectors led the rally, as AstraZeneca climbed
Blue Owl Private Credit Redemptions Ease but 5% Cap Stays in Place
Blue Owl Capital says investors requested $4.7 billion in withdrawals from two private credit funds last quarter. While requests cooled, the
RBC: Martin Marietta's Lhoist Lime Deal Looks Pricey but Could Boost Revenue by 24%
RBC Capital Markets says Martin Marietta's proposed purchase of Lhoist North American Lime looks pricey but could boost 2027 revenue by 24%