Articles by Daniel Marsh
Fifth Third Gains $3.6B Deposit Base as Social Security Ends Paper Checks
Fifth Third Bancorp takes over the Direct Express program, adding $3.6 billion in low-cost deposits from Social Security recipients, as paper checks are phased out.
JD.com Hits Near 52-Week Low After Weak 618 Sales, Daiwa Downgrades
JD.com shares fell near their 52-week low after Daiwa downgraded the stock to Hold and cut its target from $47 to $27, citing weak 618 shopping festival data and macroeconomic pressures.
NextEra Energy Lags Utility Peers as Clean-Energy Tax Credit Deadline Approaches
NextEra Energy (NEE) closed up 0.98% on Friday but lagged the broader utility sector as the July 4 clean-energy tax credit deadline looms.
DuPont Reverse Split Distorts Analyst Targets, Stock Drops 5%
DuPont shares fell 5.08% after a 1-for-3 reverse split, with mixed analyst targets causing valuation confusion despite reaffirmed guidance.
Chevron Shares Dip as Oil Plunges, AI Power Deal Offers Growth Hope
Chevron shares slipped 0.69% as oil prices tumbled over 3%, while a new Microsoft data center power deal offers potential for steadier revenue. The market weighs near-term oil risks against long-term AI infrastructure growth.
Realty Income's Rally Narrows Yield Spread as Dividend Record Date Nears
Realty Income shares climbed 1.74% Friday, marking five consecutive gains, as investors positioned ahead of the June 30 dividend record date; the rally has narrowed the stock's yield advantage over Treasuries to about 78 basis points.
Exxon Mobil Holds Steady Amid Crude Slump, Diesel Spreads Support
Exxon Mobil (XOM) closed at $136.54, down 0.73%, outperforming crude's 9.62% weekly plunge as robust diesel crack spreads provided support.
AbbVie surges $18B in value ahead of Skyrizi pediatric approval
AbbVie shares soared 4.2% to a 52-week high, adding $18 billion in market value, surpassing the $10.9 billion Apogee acquisition price. FDA approval for pediatric Skyrizi use came after the close.
AT&T Shares Rally on Modest Spectrum Spend, Dividend Date in Focus
AT&T shares gained 1.34% to $22.72 on double average volume after spending just $120.8 million on AWS-3 spectrum, supporting cash flow and dividend outlooks.
Coca-Cola's Tax Appeal Hearing Drives Stock Surge, Spotlight on $14 Billion IRS Dispute
Coca-Cola shares surged 2.75% Friday after a federal appeals court seemed open to its arguments in a $14 billion IRS tax dispute, with analysts noting the case could lead to billions in refunds or liabilities.
Fiserv Shares Surge on Insider Buys and CEO Transition
Fiserv shares jumped 4.8% this week, fueled by insider buying and a leadership shakeup. The $49-$50 level is now a key test for investor confidence.
Amphenol Stock Holds Steady Amid AI Data Center Volatility Ahead of Q2 Earnings
Amphenol (APH) ended the week nearly flat at $163.72 after a volatile session, with analysts eyeing a $185.30 target ahead of Q2 earnings on July 29.