Articles by Daniel Marsh
Novartis Advances with Canadian Reimbursement and Major U.S. R&D Expansion
Novartis shares gained as the company secured a draft reimbursement nod in Canada for Kisqali and broke ground on a $23 billion U.S. research center. Investors eye upcoming dividend and annual meeting.
Wells Fargo Rises 2.6% to $93.97 Amid Market Rebound, Eyes on Data and Conference
Wells Fargo shares gained 2.63% to close at $93.97 on Friday, trading ex-dividend for a $0.45 payout. Investors await key economic reports and a CFO presentation next week.
Merck Shares Approach 52-Week High on Canadian RSV Drug Approval
Merck stock gained 1.8% after Health Canada approved its ENFLONSIA RSV antibody for infants. Guggenheim raised its price target to $140, while insider sales were disclosed.
HSBC Shares Rebound as Bank of England Rate Cut Speculation Intensifies Ahead of Earnings
HSBC shares rose 2.2% on Friday, recovering from the previous session's decline as markets assess potential Bank of England policy easing. Investors await the bank's annual results on February 25.
LVMH Shares Drift Lower Ahead of Key U.S. Economic Data Releases
LVMH stock closed at €536.20, down 0.37%, as markets await delayed U.S. jobs and inflation reports next week. The luxury giant reported 497.7 million shares outstanding as of January 31.
Agricultural Bank of China Shares Dip Amid Tech Sell-Off, Inflation Data Looms
Agricultural Bank of China's A-shares fell 0.45% to 6.67 yuan as a global tech rout and silver futures decline weighed on risk appetite. Markets await China's January CPI data due February 11.
GE Aerospace Surges 4.8% on 31% Dividend Boost; Aviation Demand Soars Amid Supply Strains
GE Aerospace shares climbed 4.78% to $321 after announcing a 31% dividend increase to $0.47 per share. Trading volume exceeded the 50-day average as the stock neared its 52-week high.
AMD Surges 8% in Chip Stock Rally Ahead of Key Economic Data
AMD shares rebounded 8.2% to $208.44 on Friday, recovering from a 13% weekly drop as semiconductor stocks led a market rally. Investors now await U.S. payrolls and CPI data next week, which could impact rate-sensitive tech valuations.
Chevron Nears 52-Week High Amid Oil Price Volatility, Executive Trading Activity
Chevron shares advanced 0.9% to $180.86, approaching a yearly peak as crude prices climbed on geopolitical tensions. An executive's stock sale and upcoming economic data are in focus.
ICBC Imposes Weekend Gold Caps as Investors Await China Inflation Data
ICBC's A-shares closed lower Friday as the bank announced quota controls on its gold accumulation service. Market focus shifts to upcoming CPI and PPI data for signals on monetary policy and banking sector margins.
Caterpillar Soars 7%, Propels Dow Past Historic 50,000 Mark
Caterpillar surged over 7% on Friday, driving the Dow Jones Industrial Average above 50,000 for the first time. Investors now await key U.S. economic data on jobs and inflation next week.
Roche Shares Dip Ahead of Key Neurology Data Release
Roche shares closed slightly lower Friday as investors await a critical webcast on multiple sclerosis trial results. The company's annual meeting and dividend proposal also remain in focus.