Articles by Daniel Marsh
Intel Stock Slips as $22.6B Share Sale Dilutes Holdings
Intel shares dropped 2% after completing a $22.6 billion equity offering that increased share count by 4.8%. Proceeds will fund capital expenditures and working capital.
Marathon Petroleum Pulls Back After Rally Pushes Shares Past Analyst Targets
Marathon Petroleum shares fell 0.7% after a 20% weekly surge, trading 13.3% above the consensus target. Strong Q2 earnings and robust buyback projections underpin the rally.
Refiners' Record Cash Hoard Puts Pressure on Phillips 66 to Deploy Capital
U.S. refiners delivered their strongest quarterly profit since 2022, lifting Phillips 66 near record highs, but the stock now trades above analyst targets, putting capital allocation in the spotlight.
USA Rare Earth Surges 9% as Deal Shares and Warrant Signal Heavy Dilution
USA Rare Earth (USAR) shares climbed 9.2% to $20.32 on Friday, fueled by government-backed expansion plans. However, shares from the Serra Verde deal and a federal warrant could increase share count by 144.4 million, representing 62.8% of current implied shares.
Capricor Shares Jump as FDA Reviews New Duchenne Data; PDUFA Date Looms
Capricor shares rose 51.7% after the FDA agreed to review new 24-month data for deramiocel, but the stock remains far below its July peak as the Aug. 22 decision date approaches.
Fox Stock Jumps 5% as Analysts Upgrade, Boosting Roku Deal Value
Fox shares climbed 5% after J.P. Morgan and Wells Fargo upgraded the stock, raising the implied value of its Roku offer to $162.60 per share.
Moderna's mRNA Flu Shot Wins FDA Nod, But Sales Loom
Moderna secured FDA approval for its mRNA flu vaccine, but analysts see minimal revenue impact until late 2027, as the company's cash burn continues.
Broadcom Stock Drops 5% as AI Revenue Dependency Raises Valuation Concerns
Broadcom shares tumbled 5.1% Friday as investors weigh the company's heavy reliance on AI for growth, which must fuel 72% of sequential revenue gains.
Workday Slips 4.3% as Takeover Arithmetic Points to $60B Deal
Workday (WDAY) shares dropped 4.3% Friday, trimming gains from a takeover-driven surge. A 20% premium suggests a $59.5 billion buyout, but financing and analyst targets pose challenges.
Chevron Rises 1.7% as Storm Threat Fades, Oil Gains on Iran Worries
Chevron shares advanced 1.7% after the National Hurricane Center slashed the odds of a nearby storm developing. Oil prices climbed on Iran supply worries, not storm threats.
