By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Morgan Stanley Upgrades NNN REIT, Says Rate Selloff Went Too Far
Morgan Stanley upgraded NNN REIT to overweight and set a $50 price target, well above the stock's recent level near $41.50. The bank argues
AutoZone Beats Profit Forecasts, But Sales Growth Cools
AutoZone beat profit estimates but missed on revenue and US same-store sales for its quarter ended Aug. 29. The split result shows a retaile
Meta's Muse AI App Draws 2.8 Million Downloads, Lifting Market Value
Meta's AI agent app Muse racked up 2.8 million downloads in its first 12 days, Reuters reports. The app offers a free tier plus $20 and $100
Accelevation Files for Nasdaq IPO, Seeking Up to $5.37 Billion Valuation
Accelevation, an Olympus Partners-backed data center infrastructure firm, has filed for a Nasdaq IPO. It aims to raise up to $720 million at
European Tech Stocks Rise as Oil Slips Below $99 on Saudi Pipeline Restart
European stocks edged higher Tuesday, led by technology and food shares, as Brent crude fell 1.6% to $98.70. The drop followed Saudi Arabia'
US Dollar Firms as Traders Await Fed Speeches and Fresh Economic Data
The US dollar rose against most major peers on Tuesday while slipping versus the yen, as traders waited for US data and remarks from Fed off
Bond Buyers Get Picky About Hyperscaler Debt as AI Borrowing Surges
AI-linked issuers are paying wider spreads and bigger concessions as bond supply climbs. Meanwhile, more traditional deals like Aon's acquis
On Holding launches first $1B buyback, sets 2029 growth targets
On Holding announced its first-ever $1 billion share buyback and new long-term targets through 2029. The Swiss shoemaker is pushing into app
Malaysia stocks rise as palm oil prices hold firm into October
Malaysia's benchmark KLCI rose 1% as the Malaysian Palm Oil Council said crude palm oil could stay above 4,700 ringgit per ton into October.
IDP Education Rejects Blackstone's A$2.50 Takeover Bid as Too Low
IDP Education rejected Blackstone's A$2.50-a-share all-cash bid, calling it substantially undervalued. The private equity firm had earlier o
European Stocks Flat as Oil Rebounds and Kingfisher Lifts Outlook
Europe's STOXX 600 opened little changed as traders awaited US-Iran signals at the UN and euro area consumer confidence data. Oil rose for t
UAE-backed Titan's A$333M bid wins Global Lithium board backing
Global Lithium Resources has agreed to a A$333 million takeover by UAE-backed Titan Australia Mining. The A$1.15 per share offer, a 73% prem