© Reuters. A woman takes photos by the Morgan Stanley building in Times Square in New York SINGAPORE (Reuters) – Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley (N:) said in an outlook note. “WhileRead More →
Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in. Jonas reiterated the underweight rating he’s had on the stock since he downgraded it on Jan.Read More →
(Reuters) – Morgan Stanley (N:) will receive a $375 million breakup fee if E*Trade Financial Corp (O:) walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday. On Thursday, Morgan Stanley entered into a deal to buy E*Trade, the biggest acquisition by aRead More →
‘We suspect the first correction since October has begun…but will be contained to 5% or less for the S&P 500 as liquidity remains flush…’ Michael Wilson Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be under way. The strategist, inRead More →
The best-case scenario for Tesla Inc. stock is zooming to $500, an upside of nearly 50% thanks to the Silicon Valley car maker’s Cybertruck and the progress of its China factory. That’s from analysts at Morgan Stanley, led by Adam Jonas, in upping their “bull case” on Tesla TSLA, +2.03%Read More →
Roku Inc.’s stock surged more than 400% through the first 11 months of the year, and Morgan Stanley analyst Benjamin Swinburne is concerned that it’s about to head in reverse. Swinburne downgraded Roku shares ROKU, -15.91% to underweight from equal-weight on Monday, writing that the stock looks far too expensive,Read More →
J.P. Morgan has been one of the more aggressive Wall Street shops on stocks for some time, and it is reiterating its overweight call on equities and commodities and underweight on bonds. What’s new is that it’s reversing an overweight in gold to a small underweight, as well as shiftingRead More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York (Reuters) – Morgan Stanley (N:) beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading. The results wrappedRead More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York By Julie Zhu HONG KONG (Reuters) – A senior Goldman Sachs (NYSE:) banker has highlighted to colleagues the role played by rival Morgan Stanley (NYSE:) in failed Hong Kong IPOs following the collapse onRead More →
The U.S. junk-bond market may be flashing a new warning that the credit cycle is nearing its end. About $52.5 billion of corporate bonds issued by U.S. companies with “junk” credit ratings were trading in June at prices below 70 cents on the dollar, the highest amount in six months,Read More →
The business environment is deteriorating — fast. That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gaugeRead More →
Investors are diving for cover as a new month kicks off, and trade tensions pop up like moles. “The bigger issue for markets is that firstly Trump is sending a message that perhaps he is prepared to tolerate a lower stock market,” Chris Weston, head of research at Pepperstone, toldRead More →
© Reuters. A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian state lender Caixa Economica Federal has picked investment bank Morgan Stanley (NYSE:) as co-advisor to help it find insurance partners, a source with knowledgeRead More →
“See no evil, hear no evil, speak no evil.” That is how Michael Hewson, chief market analyst at CMC Markets, describes the stock-market vibe these days as a rebound that is been in place since the start of 2019 keeps on keeping on. For Tuesday, that worked out to aRead More →
Investors looking out for signs of a recession have nervously eyed the decline in the U.S.’s manufacturing purchasing manager index as it gives one of the most up-to-date assessments of industrial hubbub. Ahead of the latest release on Friday, Morgan Stanley’s cross-asset analysts say the current regime of slowing butRead More →
