Articles by Daniel Marsh
EchoStar shares slide ahead of pivotal week with SpaceX IPO, spectrum deal in focus
EchoStar shares fell 6.7% Friday, closing at $116.28, as traders assess the SpaceX IPO, AT&T spectrum deal, and a missed interest payment with a 30-day grace period.
Clorox Rallies as Market Slumps: Defensive Play Amid CEO Shuffle
Clorox shares jumped 5.03% to $94.14 on Friday, bucking a 2.64% S&P 500 drop, as defensive buying emerged amid CEO uncertainty and looming inflation data.
BETA Technologies Faces Key Week After Steep Sell-Off
BETA Technologies shares slid 5.6% to $17.13 after reporting a Q1 net loss of $122.3 million and guiding to a full-year adjusted EBITDA loss of $355-$445 million.
Projected 3.9% Social Security COLA for 2027 May Not Materialize
Social Security's 2027 COLA is projected at 3.9%, but the final figure depends on July-September inflation; rising Medicare premiums could offset gains.
Altria Defies Market Selloff Amid FDA Policy Scrutiny
Altria surged 2.25% to $72.19 on Friday, defying a broad market selloff, as investors assessed Senate scrutiny of FDA vape policy and a June 15 dividend cutoff.
General Mills Bounces 2.95% Amid Market Slide, Yet Risks Remain
General Mills (GIS) jumped 2.95% to $33.15 on Friday as defensive buying emerged during a broad market decline, but the stock remains about 2% below last week's close, with analysts' average target at $31 signaling caution.
Berkshire's $16.8B Bet: Abel's First Big Move as CEO
Berkshire Hathaway shares jumped 1.98% after CEO Greg Abel's first major capital moves: a $6.8 billion Taylor Morrison buyout and a $10 billion Alphabet private placement.
Enphase Energy Plunges 18% Amid Rate Hike Fears
Enphase Energy shares fell 18% Friday, underperforming solar peers as strong jobs data pushed bond yields higher and revived rate hike fears.
Defensive Staples Rally as Tech Tumbles; Coke Jumps 3.5%
Coca-Cola shares jumped 3.46% Friday as a strong jobs report sent tech stocks lower, driving investors into defensive consumer staples. The stock outpaced rivals, with attention on affordability and a potential India listing.
P&G Defies Market Slide: Can the Rally Hold?
P&G surged 4.09% to $146.54 as investors rotated into defensive staples, but shares remain below their 52-week high amid margin headwinds.
Chip Rout Wipes Out $1.3 Trillion as AI Trade Stumbles
U.S. chip stocks lost $1.3 trillion on Friday, ending the S&P 500's nine-week rally. A strong jobs report and Broadcom's weak update triggered the worst market day since October, but Goldman Sachs says the AI trade still has room to run.