Articles by Daniel Marsh
Carvana Soars 8% on Inflation Data, Spotlight on Lending Growth
Carvana shares rose 8.29% as lower inflation boosted rate-cut hopes, with focus on its expanding financing operations.
Bradesco ADR Rises on Currency Boost, Local Shares Fall
Bradesco's ADR rose 0.55% in New York, but local preferred shares fell 0.75% in São Paulo. The dollar's 1.12% drop against the real accounted for 68% of the ADR move.
Plug Power Shares Rebound on $80M Asset Sale Plan; Texas Deal Key
Plug Power stock gained 5% Tuesday after announcing asset sales that could bring in over $80 million, with the Texas transaction being the linchpin.
Shuttle Pharma Stock Surges 41% on Massive Volume; Turnover Hits 82x Share Base
Shuttle Pharma (SHPH) stock jumped 40.5% on Tuesday as volume reached 82.5 times its shares outstanding, fueled by insider trading and a small float.
AT&T's 12% Cash Yield Faces Starlink Test as Pricing Pressure Mounts
AT&T shares edged up 0.8% over two days, even as Bernstein slashed its price target 17% citing Starlink threats. The stock's 12% free-cash-flow yield and 5.2% dividend offer value, but pricing moves and satellite competition keep investors cautious.
Dow's 922-Point Swing Masks Broader Market Gains Amid Inflation Relief
A 922-point tug-of-war between Goldman Sachs and IBM left the Dow nearly flat, but the S&P 500 and Nasdaq rose on cooling inflation data.
Dow barely moves as Goldman and IBM swing index by 922 points
The Dow edged up just 0.05% as a 922-point swing between Goldman Sachs and IBM masked broader market gains. Cooling inflation data lifted rate-cut expectations.
Dell Surges on IBM Data Showing Enterprise Shift to AI Infrastructure
Dell shares climbed 5.8% after IBM's preliminary results showed enterprise clients shifting budgets to AI hardware. The move adds $16.2 billion in market value.
AtaiBeckley Surges on FDA Psychedelic Guidance, BPL-003 Duration Advantage
AtaiBeckley (ATAI) shares surged 15.6% as FDA staffing guidance for psychedelic trials boosted BPL-003's two-hour clinic model, potentially reducing monitoring costs vs. longer treatments.
Illinois Lottery Sales Flat, Income Plunges 26% as Prize Costs Surge
Illinois Lottery sales dipped 0.3% in May, but operating income tumbled 26% as prize costs rose sharply, leaving a $124M June target.
