Articles by Daniel Marsh
Microsoft's $175B AI Bet Sparks Analyst Divide: $608 Bull vs. $440 Bear Case
Microsoft closed at $501.61 after Cantor raised its target to $608, while Redburn cut to $440, reflecting a $175B capex debate.
Fidelity Cuts FEPY Monthly Payout to C$0.21966
FEPY will pay C$0.21966 per unit on September 30, a 1.3% decline from August. The fund's trailing yield stands at 9.19%.
Wabtec Lands $700M Guinea Rail Deal After Hours
Wabtec signed a $700M+ rail-services agreement for Guinea's Simandou iron-ore project after Monday's close, equal to 2.3% of its June backlog.
Titan's A$1.15 Bid Sends Global Lithium Up 50%, Spread at 15%
Global Lithium (ASX:GL1) jumped 49.9% to A$0.997 after Titan Australia offered A$1.15 per share, leaving a 15.3% spread as investors weigh deal risks.
Ryan Cohen Boosts GameStop Stake with $26.4 Million Share Purchase
GameStop CEO Ryan Cohen purchased 1,150,680 shares for $26.39 million, increasing his beneficial stake to 8.7%. The stock rose 3.21% in after-hours trading.
Robinhood Rallies 2.9% as Bernstein's $160 Target Defies 54.5x P/E
Robinhood rose 2.9% to $123.30, extending a two-day gain of 12.3%. Bernstein's $160 target implies 29.8% upside, but the stock trades at 54.5x trailing earnings.
AMC Stock Jumps 7% on $3.97B Refinancing, but High-Cost Loan Raises Concerns
AMC shares climbed 7% after unveiling a $3.97 billion refinancing, but the package includes a pricey $1.12 billion loan at 11.25% fixed interest.
Wendy's Shares Dip 0.6% as $146.9M Franchise Dispute Threatens 314 Locations
Wendy's shares slid 0.6% to $6.70 after a $146.9 million franchise dispute with Meritage, which operates 314 stores (5.5% of U.S. locations), entered bankruptcy.
GM Confirms 8.3L Duramax for 2027 HD Trucks; Stock Rises 2.1%
General Motors confirmed an 8.3-liter Duramax diesel for its 2027 heavy-duty pickups, sending shares up 2.1% to $83.95. Key specs and pricing remain undisclosed.
Nasdaq Hits Record as Tech Soars, Oil Retreats
The Nasdaq Composite surged to a record close, up 2.3%, while the S&P 500 finished just shy of its peak. Oil prices fell sharply, easing inflation worries.
AMD Rally on Unverified Price Hike Speculation
AMD closed at $615.52, up 9.95%, but no confirmation of a reported 10% Q4 price hike. Analysts' average target implies 4.7% upside, with data center growth driving sentiment.
Fifth Third to Rebrand Detroit Ballpark as Fifth Third Park
Fifth Third Bancorp will rename Detroit's Comerica Park to Fifth Third Park for the 2027 season. Terms undisclosed; FITB shares rose 0.8%.