Articles by Daniel Marsh
Opendoor's $650M Convertible Deal Lifts Shares 4.6%
Opendoor (OPEN) shares climbed 4.6% after unveiling a $650M zero-coupon convertible note deal, a $158M buyback, and capped calls, aiming to add growth capital while capping dilution.
Axon Sees Strategic Opening as Flock Privacy Shift Reshapes Plate-Reader Market
Flock Safety's privacy overhaul opens a competitive window for Axon in license-plate cameras, but the near-term revenue impact is modest. The real prize lies in software attachment.
REITs Rally as Yields Slide; AVB Leads Sector Gains
U.S. REITs outperformed on Thursday as July PPI cooled, pushing the 10-year yield to 4.645%. AvalonBay (AVB) advanced 2.5%.
Workday Soars 20% on Silver Lake Takeover Talks; Market Value Jumps $8.6B
Workday shares jumped 20% after Reuters reported Silver Lake is in talks to acquire the enterprise-software maker, adding $8.6B to its market value.
ADT Stock Wavers as Outage Queries Spike 200%, Recurring Revenue Holds at $360M
ADT shares slipped as 'ADT down' searches tripled, but no systemwide outage was confirmed. The company's recurring monthly revenue remains solid at $360M.
PG&E Stock Lags Market After Bay Area Quake; Earnings Beat
PG&E (PCG) shares dipped 1.67% on Thursday, lagging the S&P 500 by 2.2 points after a Bay Area earthquake, though no damage was reported. Q2 earnings beat estimates, but revenue missed, and analysts remain bullish.
Nasdaq Nears Record as Tech Rally Gains Momentum
The Nasdaq Composite rose 0.89% to 26,824.18, remaining about 1.35% below its June intraday high. Falling Treasury yields and softer oil prices fueled tech gains, with semiconductors leading the way.
Micron Rises 6% as YMTC's NAND Surge Reshapes Memory Market
Micron shares jumped 6% as YMTC's rise in NAND shipments highlights a changing competitive landscape, with enterprise SSD demand surging.
