Articles by Daniel Marsh
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.
Trump Media Stock Surges 17% in Holiday-Shortened Week
Trump Media shares jumped 17% this week to $9.31, with volume tripling ahead of a pivotal merger vote. The company reported a $405.9 million net loss on minimal revenue.
DJT Stock Surges 17% in Holiday-Shortened Week, Eyes Merger Filing
Trump Media shares surged 17.1% in a holiday-shortened week, closing at $9.31. The focus turns to the proposed TAE merger and digital-asset plans.
Pentagon Contract Lifts General Dynamics Shares in Holiday Week
General Dynamics shares gained 1.1% in a shortened trading week following a $106 million Pentagon contract for its Mission Systems unit, which could expand to $294.9 million through 2031.
SLB Shares Retreat from Peak as Software Strategy Faces Market Test
SLB shares slipped 1% to $54.55, marking a third consecutive decline from a 52-week high of $58.82, as investors assess its software push against headwinds in its core drilling business.
VIX Hits Four-Month Low as Wall Street Rally Continues
The VIX closed at 15.32 on Friday, its lowest in over four months, as U.S. stocks hit new records and demand for short-term options protection fell.
Northern Dynasty Shares Surge Ahead of Key Court Date and Shareholder Vote
Northern Dynasty Minerals shares rallied 7.31% to $2.35 Friday, gaining 13.5% for the holiday-shortened week, as investors eye a critical June court hearing and shareholder vote.
P&G Shares Slip for the Week; CFO Schulten Set for Investor Q&A on Wednesday
Procter & Gamble shares dropped 1.61% Friday, erasing earlier gains and ending the week 0.6% lower. CFO Andre Schulten will address investors at a Deutsche Bank conference on Wednesday.