Daniel Marsh, Senior Markets Analyst at StockTi — Page 111

Markets Aug 24

Chip Selloff Weighs on S&P 500, But Equal-Weight Index Holds Steady

The S&P 500 fell 0.26% as chip stocks dropped 2.33%, but the equal-weight index stayed flat, showing losses were concentrated in mega-caps.

SPY SOXX NVDA MU AVGO XLK XLF QQQ

Analysis Aug 24

Bell Canada 911 Outage Raises Network Concerns Amid Spending Surge

A fiber line outage disrupted 911 service for Bell customers in 18 Labrador communities, following a July Manitoba failure. BCE's Q2 capex surged 41.5%, while free cash flow fell 9.5%.

BCE

Markets Aug 24

Sandisk Plunges 7% on Apple-China Memory Supply Fears

Sandisk shares dropped 7% as reports suggested Apple may source memory from Chinese firms, raising AI valuation concerns and wiping out $17B in market value.

SNDK AAPL MU WDC STX

Analysis Aug 24

Rightmove Shares Slide as UK High-Value Property Tax Details Emerge

Rightmove shares dropped 1.37% as HMRC said most homes worth over £2m will be assessed remotely for the new annual surcharge, which starts in 2028.

EWU

Markets Aug 24

Alibaba, Samsung Drag Asian Tech Lower as Capital Plans Disappoint

Asian markets closed lower as Alibaba's $10.2B AI placement and Samsung's buyback plan disappointed investors. BABA ADR fell 8.2% on KASE.

BABA SSNLF AMZN INTC MU NVDA GLD USO

Markets Aug 24

Nasdaq Falls 0.6% as AI Concentration Worries Weigh on Tech Stocks

Nasdaq slipped 0.6% as declining stocks outpaced advancers 1.51-to-1, highlighting AI sector concentration concerns. Chip stocks fell ahead of Nvidia earnings.

NVDA SNDK MU MRVL AAPL AMZN

Analysis Aug 24

Pizza Hut's NFL Rebrand Coincides with Yum's $2.3B Divestiture

Yum Brands' Pizza Hut rebrand to 'Hut' for NFL season comes as the company finalizes its $2.7B sale, expecting $2.3B net proceeds and a $4B buyback.

YUM YUMC

Markets Aug 24

Netflix Stock Slips After 'Blood Sacrifice' Debut; $6B Rally Claims Under Scrutiny

Netflix shares opened lower Monday, questioning the $6B rally attributed to 'Blood Sacrifice.' With no first-week viewership data yet, investors remain cautious.

NFLX GOOGL

Markets Aug 24

Futures Slide as Tech Takes Hit Ahead of Nvidia Earnings

Dow futures dropped 128 points, while Nasdaq 100 futures fell 0.68% as investors trimmed tech positions ahead of Nvidia's earnings and key economic data.

NVDA CME UBS SPY QQQ

Analysis Aug 24

SELLAS Surges 18.9% as REGAL Trial Nears Pivotal Final Analysis

SELLAS Life Sciences (SLS) shares surged 18.9% over the past week, driven by anticipation of the REGAL trial's final analysis. Market value stands at $3.12 billion, with pipeline valued at $2.98 billion.

SLS