Articles by Daniel Marsh
SpaceX Shares Face Pressure Ahead of Major Lockup Expiry After Starship Test
SpaceX shares ended the week down 7.2% at $115.07, despite a successful Starship Flight 13 that deployed 20 V3 satellites. A looming lockup expiry of 911.5 million shares on August 6 threatens to add selling pressure.
FTSE 100 Gains as Oil Earnings and BoE Decision Loom
The FTSE 100 closed at 10,736.23, up 1.28% for the week. Energy is expected to contribute 62% of incremental earnings growth for the STOXX 600, with the BoE widely anticipated to hold rates steady.
Grab Stock Slips 7.3% as $400M Buyback Struggles to Counter Dilution
Grab's stock dropped 7.3% over the week, putting pressure on its $400 million buyback to offset dilution. The repurchase covers about 29% of potentially dilutive securities.
AST SpaceMobile Shares Slide After $1.15B Fundraise Puts Spotlight on Launch Timeline
AST SpaceMobile shares dropped 5% on Friday, as a $1.15 billion convertible note sale raised liquidity but highlighted the challenge of launching 36 more satellites by early 2027.
Lucid Stock Tumbles 14% as Delivery Gains Highlight Cash Burn
Lucid shares dropped 14.4% to $6.30 as Q2 deliveries rose to 82.8% of production, but investors focused on cash burn, with Q1 free cash outflow at 58% of market cap.
Tencent Stock Slides 5.8% as Gaming Jitters and Buyback Pause Weigh
Tencent shares fell 5.8% last week as gaming worries and a buyback pause weighed on the stock ahead of second-quarter results.
Publix Stock Valuation Faces Dual Pressures from Market Gains and Grocery Rivalry
Publix's upcoming share valuation may benefit from a 15.5% S&P 500 rally, but intense grocery competition and flat sales pose challenges. Albertsons lowered its outlook, signaling industry headwinds.
Hardee's Remains Privately Held; Americana Offers Closest Public Proxy
Hardee's is privately held by CKE Restaurants. Americana Restaurants International (6015) offers the closest public proxy, though its performance is heavily tied to KFC.
August SSI Payments Shift to July, $5.4 Billion in Play
August Supplemental Security Income payments of $5.4 billion will be issued on July 31, shifting the schedule due to a weekend. The move alters spending patterns and retail data timing.