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Westpac Gains 1% on Rate Hike Optimism, But Margin Boost Seen Limited
Markets Daniel Marsh

Westpac Gains 1% on Rate Hike Optimism, But Margin Boost Seen Limited

Westpac (ASX:WBC) shares rose 1.05% over the week, but analysts caution that potential rate hikes may only partially offset recent margin compression.

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Macquarie Group Ltd Nears 52-Week High Amid Deposit Strategy Shift
Markets Daniel Marsh

Macquarie Group Ltd Nears 52-Week High Amid Deposit Strategy Shift

Macquarie Group Ltd nears a 52-week high with shares at A$256.73, as it introduces a digital term deposit product at 5.20% to attract retail funding amid margin pressure from intense competition.

CBA Shares Surge A$5.2 Billion, Widening Lead Over Banking Peers
Markets Daniel Marsh

CBA Shares Surge A$5.2 Billion, Widening Lead Over Banking Peers

CBA shares rose 1.84% to A$173.13, adding A$5.23 billion in market value and accounting for 68% of the Big Four's daily gains, further extending its valuation lead.

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Space Stocks Slide as New Horizons Reactivation Highlights Network Strain
Markets Daniel Marsh

Space Stocks Slide as New Horizons Reactivation Highlights Network Strain

Pure-play space stocks tumbled 10.3% on average as New Horizons' successful wake-up underscored NASA's Deep Space Network limitations, while heritage affiliates slipped only 0.5%.

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Chip Sector Slide Masks Broad Earnings Strength in S&P 500
Markets Daniel Marsh

Chip Sector Slide Masks Broad Earnings Strength in S&P 500

S&P 500 fell 0.51% to 7,533.77 as chip stocks dropped 4.3%, offsetting earnings beats from 75% of components. UnitedHealth and Morgan Stanley reported strong results.

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Eli Lilly Shares Gain on Atai Deal with $1 Billion Milestone Potential
Markets Daniel Marsh

Eli Lilly Shares Gain on Atai Deal with $1 Billion Milestone Potential

Eli Lilly shares edged up 1.08% on a $3.8B deal with Atai Life Sciences, which could unlock up to $1 billion in milestone payments for psychedelic depression drugs.

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Verizon's Store Sale Shifts Investor Focus to Execution
Markets Daniel Marsh

Verizon's Store Sale Shifts Investor Focus to Execution

Verizon plans to sell 274 stores, reducing its owned footprint by 21.5% and impacting 3,000 positions. The move shifts investor attention to execution.

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AMD Shares Tumble 5.3% on Valuation Worries, Despite Strong Chip Demand
Markets Daniel Marsh

AMD Shares Tumble 5.3% on Valuation Worries, Despite Strong Chip Demand

AMD shares fell 5.3% on Thursday, losing $46 billion in market cap, as valuation worries persisted despite strong chip demand. The stock's trailing P/E of 164 dwarfs Nvidia's 32.

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Dow Drops 183 Points as High-Priced Stocks Weigh on Index
Markets Daniel Marsh

Dow Drops 183 Points as High-Priced Stocks Weigh on Index

The Dow slipped 183 points on July 16, led by a 604-point drag from Goldman Sachs and Caterpillar, while other stocks offset losses. Tech and chip stocks also declined.

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S&P 500 Concentration Risk Exposed as Chip Rout Hits Markets
Markets Daniel Marsh

S&P 500 Concentration Risk Exposed as Chip Rout Hits Markets

U.S. stocks ended lower Thursday, led by a sharp decline in semiconductor shares, underscoring concentration risk in the S&P 500.

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Coca-Cola Gains 2.6% as Defensive Staples Rally Ahead of Earnings
Markets Daniel Marsh

Coca-Cola Gains 2.6% as Defensive Staples Rally Ahead of Earnings

Coca-Cola rose 2.6% to $84.63, just below its July peak, as consumer staples rallied amid a broader market dip. The stock trades at a premium, with Q2 earnings on July 28 as the next catalyst.

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Mixed Retail Sales Keep September Fed Hike on Table, S&P 500 Dips
Markets Daniel Marsh

Mixed Retail Sales Keep September Fed Hike on Table, S&P 500 Dips

U.S. retail sales grew 0.2% in June, below forecasts, but excluding gasoline they surged 0.7%. The mixed data kept September Fed rate hike expectations above 50%, weighing on equities.

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