Articles by Daniel Marsh
Steel Dynamics Surges 5% as Canada Tariff Impasse Boosts Steel Margin Outlook
Steel Dynamics (STLD) rose 5% premarket after US-Canada trade talks collapsed, keeping 50% tariffs on Canadian steel, which could boost domestic steel prices and margins.
Stellantis Shares Slide 3% on US-Canada Tariff Breakdown
Stellantis stock dropped 3% in Paris after US-Canada trade talks collapsed, wiping out 62% of last week's gains. Tariff costs of €1.0-1.2B threaten earnings.
Applied Optoelectronics Shares Tumble 12% on $600M ATM Offering
AAOI shares dropped 12% premarket after the company unveiled a $600M ATM equity offering, erasing $1.29B in market value and raising dilution concerns.
Cardinal Health Stock Slides 4.5% as Insider Sales Raise Buyback Doubts
Cardinal Health shares dropped 4.5% premarket after $60M in insider sales, sparking concerns about buyback support. Analysts stay optimistic with a $270.94 price target.
Micron Slips as Samsung's Payout Plan Falls Short, Exposing Crowded Memory Bets
Micron shares dropped 3% premarket after Samsung's dividend news disappointed, exposing crowded memory trades. Analysts still see upside, but NAND supply risks loom.
ASX Opens Flat as Miners Offset Banking Weakness
The ASX 200 opened flat as mining strength offset banking weakness. Strong results from PLS and Ampol were countered by ex-dividend drags and mixed bank earnings.
Seoul Chip Buybacks Counter Oil and Yield Pressures in Asia
Korea's top chipmakers launch ₩1.6tn buybacks to brace Seoul, but oil at $94 and a 4.73% US 10-year yield keep regional markets on edge.
Costco's Medicare Push Could Tap 5M Members, But Economics Stay Vague
Costco and SCAN plan Medicare Advantage and supplement products for about 5 million eligible people, roughly 6% of its paid members. Shares rose 1.52% Friday, but enrollment and financial terms remain undisclosed.
NCLH Shares Slide 9% as Cruise Sanitation Issue Adds to Demand Woes
Norwegian Cruise Line Holdings (NCLH) shares dropped 9.3% last week, pressured by a resurfaced CDC sanitation failure on the Norwegian Dawn and ongoing demand and yield challenges.