Articles by Daniel Marsh
Wells Fargo shares slide 2% despite CFO's 2026 loan growth outlook
Wells Fargo stock declined roughly 2% to $92.69, underperforming peers, as CFO Mike Santomassimo outlined expectations for loan growth driven by credit cards and auto lending. Markets await key U.S. jobs and inflation data this week.
Mastercard Shares Recover as Weak Retail Data Fuels Rate Cut Hopes
Mastercard stock rose 1.4% Tuesday, rebounding from a 2.44% drop, as flat December retail sales boosted bets on Federal Reserve easing. The company also announced a new partnership in Egypt.
Goldman Sachs Gains on CEO's Optimistic Deal Outlook Amid Private Equity Pressure
Goldman Sachs shares climbed 0.6% to $949.59, outperforming financial ETFs, as CEO David Solomon noted private equity firms are accelerating deals to return capital. Key U.S. jobs and inflation data loom this week.
JNJ Shares Hold Steady Amid Investor Conferences and Insider Activity
Johnson & Johnson shares traded near $238.70 as the company announced March investor conference appearances and an insider option exercise by Chief Technology & Risk Officer Kathryn Wengel.
Western Digital Stock Tumbles 7% Amid Debt Redemption, Tech Sector Pressure
Western Digital shares dropped over 7% Tuesday after the company moved to redeem its 2026 senior notes, underperforming storage peers as weak retail sales and a sector downgrade weighed on tech stocks.
GE Vernova Shares Dip on Long-Term Turbine Reservation, Investors Eye Earnings
GE Vernova's stock declined slightly as Maxim Power secured a 2030 gas turbine slot, with attention turning to the company's upcoming quarterly earnings report.
Visa Shares Gain Amid Ex-Dividend Trading, Consumer Spending in Focus
Visa stock advanced about 1% as it traded ex-dividend, with investors weighing flat U.S. retail sales data. The payments giant remains 13% below its 52-week high.
Booking Holdings Jumps on Analyst Upgrade Ahead of Quarterly Report
Booking Holdings shares gained nearly 3% Tuesday after Gordon Haskett upgraded the stock to Buy with a $5,440 target, recovering from a sharp Monday decline. Investors now focus on the company's upcoming earnings release on February 18.
Flutter Shares Gain Amid Analyst Target Cut and Prediction Market Scrutiny
Flutter Entertainment shares edged higher as UBS reduced its price target while maintaining a Buy rating. Investors await Q4 results and monitor regulatory challenges facing emerging prediction markets.
FMC Shares Surge 7% Amid Strategic Review and Analyst Downgrades
FMC Corporation's stock climbed nearly 7% to $16.46 as investors assessed a new strategic review and a price target cut from Citigroup. Moody's also downgraded the company's debt to junk status.
Eli Lilly shares retreat as $2.4B Orna acquisition and China partnership draw scrutiny
Eli Lilly's stock declined 0.9% as investors assessed the company's strategic moves into cell therapy and Chinese drug development. The market is weighing increased pipeline spending against intensifying competition in obesity treatments.
