Articles by Daniel Marsh
Realty Income's Yield Spread Over Treasuries Narrows to 40 Bps as Shares Rise
Realty Income shares rose 3.8% last week, narrowing the yield spread over 10-year Treasuries to 40 basis points. The stock closed at $65.71 with a 4.95% forward yield.
Boeing Regains Aircraft Certification Authority Ahead of Key Cash Flow Update
The FAA will restore Boeing's full certification powers for 737 MAX and 787 aircraft next week, covering 90% of deliveries. Shares slipped 0.14% to $214.03.
SK hynix ADR Premium Widens to 24%, Spotlight on Seoul Trading
SK hynix's US ADR premium surged to 24% over Seoul shares, highlighting valuation gaps and regulatory risks ahead of Korea's market reopen.
Home Depot's Valuation Premium Faces Housing Headwinds
Home Depot's 36% P/E premium over Lowe's faces pressure from declining housing permits and rising mortgage rates.
Pershing Square USA Discount Equates to Over a Decade of Fees
Pershing Square USA (PSUS) closed Friday at $37.02, a 22.6% discount to NAV, representing roughly 11.3 years of management fees.
Delta Adopts Gradual Expansion with New LAX-Manila Premium Route
Delta Air Lines (DAL) will introduce a phased LAX-Manila service starting March 2027, focusing on premium seating and gradual capacity expansion.
Viking Therapeutics Holds Phase 3 Focus Despite Weekly Stock Dip
Viking Therapeutics shares declined 4.6% over the past week, yet its valuation premium over Structure Therapeutics persists, reflecting continued investor confidence in its Phase 3 obesity programs.
Chevron Gains 6% on Oil Rally, Iraq Deals Play Second Fiddle
Chevron shares advanced 6.2% last week, closely tracking a 16% jump in WTI crude oil. Non-binding agreements with Iraq were a secondary factor.
Marathon Petroleum's Market Cap Soars $8.5B on Record Refining Margins
Marathon Petroleum's market value surged $8.5 billion as refining margins hit record highs, driving shares up 10.2% to a 52-week high.