By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
US Treasury to hit Iran-linked bank with sanctions, Bessent warns on dollar access
The US Treasury is escalating its crackdown on Iran-linked money laundering. Secretary Scott Bessent says facilitators could be cut off from
Best Buy heads into earnings with stronger card-spend signals
Wedbush lifts Best Buy's fiscal Q2 comparable sales forecast to 2.4%, citing stronger credit-card spending and supplier checks. But the bigg
Gold hits three-month high as ETF inflows jump ahead of key data
Gold prices reached a three-month high as the dollar softened and investors added 46.7 metric tons to gold-backed ETFs. The move comes ahead
Walmart launches Scenario, a $25-and-under women's line, to court younger shoppers
Walmart is rolling out Scenario, a new women's clothing and accessories line with most items under $25, aiming to attract younger shoppers.
UBS lifts Immunovant target to $40 but stays neutral on RA data
UBS has turned more optimistic on Immunovant, lifting its price target to $40 and raising its long-term sales forecast to $3.2 billion by 20
Nvidia doubles down on AI startups ahead of earnings
Nvidia is reportedly investing in Perplexity at a $30B valuation and has committed $1B to Poolside, plus a $6B licensing deal. The moves com
Morgan Stanley warns Dell and HP earnings leave little room for error
Morgan Stanley warns that Dell and HP head into earnings with little room for surprises, as investors already expect strong results. The ban
nVent to buy Maverick Power for $1.75B to meet AI data center demand
nVent Electric is buying Maverick Power for $1.75 billion to supply power distribution equipment to AI-heavy data centers. The deal includes
Wedbush: Nvidia's October outlook is the real test for the stock
Wedbush thinks Nvidia will top its own Q2 guidance and offer a stronger-than-expected October outlook. The stock has been flat since last Oc
Latin American Stocks Rise as Investors Eye US Iran Sanctions
Latin American stocks rose at the start of the week, but currencies were shaky as investors awaited the US Treasury's next move on Iran sanc
BofA: Jersey Mike's franchise growth still has room to run
Bank of America says Jersey Mike's has more room to grow, even after hitting $4.2 billion in 2025 sales. The bank points to better marketing
Deere's tech push is softening the farm cycle, RBC says
Deere's latest quarter beat expectations, and RBC says surging See & Spray adoption shows its tech strategy is softening the farm-equipment