By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Elemental Royalty to Buy Orion's Metals Portfolio for $290M
Elemental Royalty is paying $290 million for Orion Mine Finance's precious-metals streams and royalties portfolio, using $200 million in cas
Ethan Allen faces activist fight over CEO succession timeline
Activist investor Doug Bergeron, with a 5.2% stake, criticizes Ethan Allen's CEO succession plan as 'too little, too late,' warning it could
SoftBank's SB Energy pauses IPO as investors balk at $50B valuation
SoftBank's SB Energy has paused its planned IPO after investors resisted a valuation above $50 billion, according to The New York Times. The
Media M&A settlement lifts Paramount and Warner Bros. Discovery
Paramount and Warner Bros. Discovery shares surged after a settlement over their proposed merger, while consumer stocks were mixed as trade-
Open-weight AI models are pulling enterprise spending away from OpenAI and Anthropic
Bloomberg reports that rising AI costs are driving enterprises toward open-weight models that can be fine-tuned and run in-house. This shift
Rising fuel costs put US restaurant stocks to the test
UBS says US restaurant demand remains solid, but rising gas and diesel prices have investors on edge. McDonald's, Cracker Barrel, and Darden
Nasdaq jumps 2% as Treasury yields ease and oil prices slide
US stocks bounced Monday, led by a 2% Nasdaq jump, as Treasury yields dipped from their highest level since 2007 and oil prices fell sharply
UBS lifts Cracker Barrel price target to $46 on turnaround signs
UBS raised its price target on Cracker Barrel to $46 ahead of Wednesday's fiscal Q4 report, keeping a neutral rating. The bank sees improvin
Treasury yields fall but curve flattens as Fed hike bets persist
US Treasury yields fell as oil prices and European bond yields dropped, but the 2-year yield held near a two-year high on Fed hike bets. The
RBC lifts TD Synnex forecasts as AI demand and scale pay off
RBC Capital Markets has lifted its Q3 forecasts for TD Synnex, saying the tech distributor's scale and cost-plus pricing are helping it mana
Morgan Stanley: Dell Is the 'Best Athlete' in Enterprise Hardware
Morgan Stanley says Dell is the 'best athlete' in enterprise hardware, pointing to strong AI server demand and storage share gains. The bank
DRI Healthcare bets $316M on Parkinson's drug royalty, pending FDA approval
DRI Healthcare Trust has agreed to pay $316 million for a share of future US sales of tavapadon, an experimental Parkinson's treatment. The