Market Analysis
Opinionated, data-backed coverage across all asset classes
Jio IPO, Bank Earnings, Crude Oil Set the Tone for Indian Market
Indian markets enter a shortened week with Jio Platforms' IPO, Q2 earnings from HDFC Bank, ICICI Bank, Axis Bank and others, and elevated crude oil prices as key drivers, analysts said.
CLF Q3 Earnings: Steelmaker Under Pressure as Stelco Drags
Cleveland-Cliffs posts Q3 Monday after a prior net loss. The steelmaker's $42M insider selling and 0.36 P/S ratio signal caution; Stelco cost cuts are the catalyst.
Crude to extend gains as supply concerns outweigh relief: analysts
Brent settled at $109.86 after touching $110; Indian crude futures rose 6.4% on the week. Analysts see further gains on supply concerns, not relief.
Electricity Bills Surge 40% in Five Years, Emerge as Election Risk
Electricity rate hikes of $23.1B in 2026, heating oil up 74% YoY, and data center demand put utility costs at the center of midterm elections.
Kerala HC Seeks Centre Stand on BitChat Blocking
The Kerala High Court directed the Centre, Apple, and Google India to respond to a plea challenging the blocking of the Bluetooth-based messaging app BitChat.
Mynt Tests Southeast Asia's Appetite for Profitable Fintech
Mynt, parent of Philippines' GCash, raised $971M in its IPO as Southeast Asian IPO market shifts toward larger, profitable issuers. Deloitte data shows average deal size surged 2.4x.
CoreWeave (CRWV) Sinks 25% After Debt Fears, Sector Selloff
CoreWeave shares plunged over 25% on Oct. 17, 2026, as debt loads and thin margins hit the unprofitable AI cloud provider. Nvidia's 10% stake offers limited support.
Mosaic's 4.6% Yield Faces Test After Q2 Loss
Mosaic posted a Q2 net loss of $273M as sulfur costs weighed. The forward P/E of 22.6x implies a 4.4% earnings yield, leaving little room for error in the earnings recovery needed to sustain the 4.6% dividend.
PepsiCo (PEP) Faces Risk as HHS Targets Ultra-Processed Foods
HHS Secretary Robert F. Kennedy Jr. meets White House officials Oct. 17 to define ultra-processed foods. The push threatens PepsiCo's snack portfolio.
BofA Turns Bullish on Salesforce, Lifts Target to $285
BofA flipped Salesforce to Buy and set a $285 target, citing its lead in enterprise AI. The stock trades 31% below GuruFocus's fair-value estimate.
Walmart's youngest store manager: internal promotion in action
Kiley Pulley became Walmart's youngest U.S. store manager at 22, rising from cashier in six years. Her path shows how internal promotion and mentorship build retail leadership.
India's tariff reprieve on Russian oil buys time, not certainty
Waiver under SRIA allows Trump to reimpose duties; experts advise India to prepare for renewed pressure. India's Russian oil imports fell to 44% in August.