Articles by Daniel Marsh
Bernstein Lifts Microsoft Target to $660 on Azure Momentum
Bernstein raised its Microsoft price target to $660, citing surging Azure growth and a shift in AI spending risk perception. The stock remains at a discount to historical valuation.
Small Business Optimism Hits 11-Month High, Labor Shortages Persist
U.S. small business optimism climbed to an 11-month high in July, but labor shortages and rising borrowing costs could temper growth prospects.
Riot Platforms Soars on $9.1B AI Data Center Deal with Anthropic
Riot Platforms (RIOT) surged over 22% after disclosing a $9.1 billion AI data center lease with Anthropic, marking a major pivot toward high-value infrastructure.
RBA Holds Cash Rate at 4.35%, Cuts Inflation Forecast, Sees Higher Jobless Rate
The RBA left the cash rate at 4.35% unanimously, lowered December inflation forecast to 3.3%, and lifted unemployment outlook to 4.5%.
Teledyne to Acquire Varex Imaging in $1.1B All-Cash Deal
Teledyne Technologies will acquire Varex Imaging for $18.90 per share in cash, valuing the X-ray components maker at roughly $1.1 billion. The deal offers a 52% premium and is expected to close in early 2027.
RBC, BMO Sell Moneris in C$2B Deal, Keep Payment Ties
RBC and BMO have agreed to sell Moneris Solutions to Francisco Partners for C$2 billion, with RBC expecting an after-tax gain of about C$475 million. The banks will maintain long-term referral agreements.
China's Inflation Slowdown Widens Factory Margin Squeeze
China's July inflation missed expectations, with CPI up 0.5% and PPI at 3.5%. The 5.6-point gap between factory-gate and consumer prices highlights ongoing margin pressure.
Take-Two Climbs as GTA VI Hype Fuels $8.1B Bookings Forecast
Take-Two Interactive (TTWO) shares jumped 2.87% to $253.57 on strong volume, extending gains after Q1 results beat guidance. The company reaffirmed its fiscal 2027 bookings forecast of $8.0-$8.2 billion, driven by anticipation for Grand Theft Auto VI.
Target Hits 52-Week High as Back-to-School Strategy Gains Traction
Target (TGT) closed at a 52-week high of $152.02, up 1.55%, as investors bet on a strong back-to-school season. The stock now trades 12% above analysts' average target, raising stakes for upcoming earnings.
