Articles by Daniel Marsh
Coca-Cola Stock Slides on Profit Taking Amid Strong Year-to-Date Rally
Coca-Cola shares dropped 1.74% to $79.01 on Friday, closing the holiday-shortened week nearly 3% lower, as profit taking in the defensive stock outweighed a broader market advance.
Eaton Ends Short Trading Week with Slight Decline, $400 Level in Focus
Eaton Corp shares slipped 0.3% to $400.60 Friday after a volatile short week, capping a 2.4% weekly gain. The $400 level gains significance as the stock trades at a high P/E while facing margin headwinds.
CEG Stock Dips as AI Power Catalyst Looms
Constellation Energy closed at $287.75, down 2.1% for the week. A regulatory ruling on restarting Three Mile Island for a Microsoft data center contract could come by July.
McDonald's Stock Dips Despite Friday Uptick as Market Hits New Highs
McDonald's shares dropped 1.1% for the week despite a 0.44% gain on Friday, as Wall Street indexes reached new highs. The company faces headwinds from rising gas prices and softer low-income consumer spending.
Quanta Services Stock Stalls After Weekly Loss; Key Factors to Watch
Quanta Services shares slipped 2.5% Friday, capping a 1.6% weekly decline. The stock remains near 10% below its May peak as investors weigh a buyback, analyst upgrade, and project risks.
Disney Shares Slide as Regulatory and Streaming Concerns Overshadow Earnings Beat
Disney shares dropped 1.83% to $101.83 on Friday, underperforming the broader market, as regulatory scrutiny, streaming shifts, and softening park demand offset a recent earnings beat.
Coupang Stock Rebounds Amid Legal and Regulatory Headwinds in June
Coupang shares rose 2.47% to $16.60 on May 29, recovering from a 20% May decline. Q1 revenue grew 8% to $8.5 billion, but a net loss of $266 million and a data breach lawsuit set for June 17 pose risks.
Ferrari Shares Dip After Debut of €550,000 EV, Market Awaits Order Data
Ferrari shares slipped 2.11% over five sessions after unveiling the Luce, its first all-electric model priced at €550,000. CEO Vigna noted strong early demand; order details are due in July.
GlobalFoundries Stock Slides After $1.91B Block Trade by Major Shareholder
GlobalFoundries shares dropped 0.82% to $79.97, capping a 6.62% weekly decline after Mubadala's $1.91 billion block trade. The stock is now 13.59% below its 52-week high.
SK hynix Joins Trillion-Dollar Club in Volatile Week, Market Awaits Next Move
SK hynix closed near record highs after hitting $1 trillion market cap. KOSPI hit new high but over 80% of stocks fell as money concentrated in chipmakers.
Lumen Stock Surges 17% on AI-Focused Strategy and Alkira Buy
Lumen Technologies closed at $10.99, up 17% for the week, following a $475 million Alkira acquisition and an upgraded free cash flow outlook. The company's AI pivot faces a test as revenue continues to decline.