By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Micron Surges 15% After Hours as Oil Plunge Eases Inflation Fears
AI-chip stocks remained shaky, but Micron surged 15% after hours on strong earnings. Meanwhile, oil prices slid as tanker traffic through th
Qualcomm Targets Nvidia's Turf With Cheaper AI Chip Strategy, Wins Microsoft and Meta
Qualcomm is taking on Nvidia in AI data centers, winning Microsoft and Meta as customers for its new chips that use cheaper memory. The move
Prime Day Spending Tops Forecasts, Retail Stocks Rise; Hertz Slides on Used-Car Woes
Amazon's Prime Day kicked off with $8.3 billion in sales, topping Adobe's $7.9 billion forecast and boosting retail stocks. But the day also
RBC Sees Railroad Earnings Beats on Rising Freight Volumes
RBC Capital Markets says rising freight volumes could help Canadian National Railway, CSX, and Union Pacific beat second-quarter earnings fo
SEC Scrutiny of Private Equity Continuation Funds Could Reshape How Firms Value Assets
The SEC is probing private equity continuation funds, which let firms hold assets longer without a sale. Regulators are examining how these
Carnival's 2026 Pricing Outlook Clouded by Middle East Conflict and Higher Airfares
UBS says Carnival's Europe sailings are nearly sold out, but higher airfares from the Middle East conflict are squeezing pricing on the rema
Chinese AI Firm Zhipu Plans Massive Share Sale After Rally Pushes Valuation Past $120 Billion
Zhipu, one of China's top AI firms, is planning a major share sale after its valuation topped $120 billion. But a lockup expiry on July 8 co
European ADRs Slip as Energy Giants Drag Down Broader Index
European stocks trading in the US slipped Wednesday, with the S&P Europe Select ADR Index down 0.83%. Energy heavyweights Equinor, Eni, and
Xali Gold Raises C$1M for Peru Project, Shares Dip on Dilution
Xali Gold raised C$1 million by selling shares at C$0.25 each to advance its Pico Machay gold project in Peru. The funds will support a new
Strong US Dollar Pressures Latin American Currencies as Political Shifts Add Uncertainty
Latin American currencies slipped as the US dollar hit a 13-month high, with MSCI's regional index falling 0.7%. Right-leaning election wins
Alpha Exploration Extends Copper-Gold Targets in Eritrea with Shallow Drilling
Alpha Exploration reports shallow RAB drilling at its Anagulu copper-gold project in Eritrea has outlined a new one-kilometer Nightjar zone
Wedbush Boosts Cerebras Price Target Despite 16% Stock Drop, Citing Strong AI Demand
Wedbush lifted its price target on AI chipmaker Cerebras Systems to $280 from $270, even as the stock dropped 16% to $189.63. The brokerage