By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
RBC Upgrades ICON on Strong Bookings, Sees Turnaround Gaining Traction
RBC Capital Markets upgraded contract research firm ICON after two strong quarters of bookings, with a fiscal Q1 book-to-bill ratio of 1.42x
RBC Cuts Figma Price Target to $22 as AI Monetization Remains Early Stage
RBC Capital Markets cut its Figma price target to $22 from $28 after the Config event, noting the company's AI push is becoming more concret
European ADRs Rise 1.3% as Biotech and Financials Outperform Energy Laggards
European ADRs climbed 1.3% on Thursday, but the gain was driven by a few big winners in biotech and finance, not a broad rally. Energy stock
Treasury Yields Edge Lower as May PCE Inflation Data Comes in Slightly Cool
US Treasury yields eased after May's PCE inflation report came in slightly cooler than expected. The headline PCE rose 0.4% month-over-month
Glenstar Minerals Launches Terean Survey at Nevada's Green Monster to Sharpen Drill Targets
Glenstar Minerals is starting a Terean survey at its Green Monster Project in Nevada to better understand the site's complex geology. The su
HIVE's Sweden Data Center Deal and $100M Note Offering Send Shares Down 11%
HIVE Digital Technologies shares slid 11% after it signed a non-binding letter of intent to lease its 32-megawatt Boden, Sweden data center
BlackBerry's QNX Software Pivot Drives Revenue Forecast Hike
BlackBerry lifted its full-year 2027 revenue forecast after QNX sales surged nearly 26% and its royalty backlog approached $1 billion. The c
Gold Rebounds Above $4,000 as US Inflation Data Matches Forecasts, Easing Dollar and Yields
Gold rose 0.7% to reclaim the $4,000 mark after a key US inflation report met forecasts. The data eased pressure on the dollar and bond yiel
Volkswagen Sells 51% of Engine Unit Everllence to Bain Capital for €7.4 Billion
Volkswagen has chosen Bain Capital to acquire 51% of its engine-making unit Everllence in a deal valued above €9 billion. The sale will brin
IBM Unveils 0.7-Nanometer Chip Design, Promises Production in Five Years
IBM has revealed a 0.7-nanometer chip design that could double transistor density. The technology uses 3D stacking but needs a manufacturing
McCormick's Sales Beat Shows Home Cooking Still Matters
McCormick beat profit estimates by charging more for spices and sauces, but volumes slipped and US demand softened. The company reaffirmed i
Late-Cycle Chaos: Why Markets Flash Red Flags But No Clear Peak Yet
Markets are sending late-cycle warning signals with sharp swings in tech, crypto, and South Korean stocks. But strategists at JPMorgan, Barc