Articles by Daniel Marsh
WELL Health Drops 3.7% as Cash Flow Concerns Overshadow Governance
WELL Health Technologies dropped 3.7% in Toronto trading as market participants looked past director election results and focused on a sharp decline in Q1 operating adjusted free cash flow.
MDA Space Jumps on $620M Blue Canyon Buy to Boost US Defense Access
MDA Space shares gained 4.4% in Toronto after it agreed to buy Blue Canyon Technologies from RTX's Raytheon for $620M cash, aiming to expand into U.S. defense-space work.
Fermi Rally Pauses as Nasdaq Halts for Juneteenth; Boardroom Battle Intensifies
Fermi shares jumped 10% to $9.50 ahead of the Juneteenth break, fueled by OpenAI tenant hopes, but the lack of a signed deal leaves the rally vulnerable as a proxy fight with former CEO Toby Neugebauer heats up.
Nu Holdings Shares Steady After Volatile Week Amid Buyback and Credit Concerns
Nu Holdings shares closed at $12.71 after a volatile week, with analyst downgrades on credit costs and CFO transition balanced by a $1 billion buyback and record Q1 growth.
Netflix Shares Dip 3.7% in Short Week as Ad Growth and Partnership Hopes Fade
Netflix shares fell 3.7% in a holiday-shortened week, lagging tech peers. Investors weigh a new French partnership and concerns that growth from ads and price hikes may already be priced in.
Rocket Companies Surges 9% Pre-Holiday as Mortgage Rates Dip and Demand Improves
Rocket Companies shares surged 9.08% to $14.42 on heavy volume before the Juneteenth market closure, as 30-year mortgage rates dipped to 6.47% and homebuying demand improved.
Alamos Gold Tumbles After Young-Davidson Production Warning
Alamos Gold shares fell 18% after warning that production at its Young-Davidson mine will miss guidance and costs will rise, prompting a BMO price target cut.
Keel Infrastructure Surges in Toronto After $458M Convertible Note Sale for AI Data Centers
Keel Infrastructure's Toronto shares surged 17.19% following a $458 million convertible-note sale for AI data-center projects, while U.S. shares were halted for Juneteenth.
AT&T Slips on California Copper Dispute and CFO Change
AT&T shares ended lower for a fourth straight session, pressured by regulatory pushback in California and a looming CFO change, as the market heads into a three-day break.
Super Micro Stock Bounces Back After $7B Fundraise, But Concerns Linger
Super Micro Computer (SMCI) rebounded 10.37% on Thursday after a $7 billion equity raise, but shares are still down about 25% from June 9, as investors weigh dilution risks and the conversion of $39 billion in AI-server orders.