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ETF Edge, February 12, 2024
  + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge, February 12, 2024Tony Rochte, Morgan Stanley Investment Management global head of ETFs, Alison Doyle, Nasdaq's ETP Listings head, Rob Harvey, Dimensional Funds co-head of product specialists, Jason Pereira, senior partner & financial planner at Woodgate Financial, and Brian Portnoy, Shaping Wealth founder, join CNBC's Bob Pisani on 'ETF Edge' live from the ETF Exchange conference in Miami to discuss ETF trends on their radar this year, how financial advisors are using AI and more.
Persons: Tony Rochte, Morgan, Alison Doyle, Nasdaq's, Rob Harvey, Jason Pereira, Brian Portnoy, Bob Pisani Organizations: Morgan Stanley Investment Management, Funds, Woodgate Financial, Wealth, Exchange Locations: Miami
Morgan Stanley’s headquarters is in New York. Photo: Angus Mordant/Bloomberg NewsA sharp decline in the value of clean-energy companies last year delivered a wake-up call to investors, many of whom harbored excessively optimistic views of the industry, according to private-equity fund managers. As more investors in the clean-energy sector retune their “focus on fundamentals,” some of the best investment opportunities can be found in companies that have developed beyond the startup stage but still aren’t big enough to attract managers of increasingly large industry-specialist funds, said Vikram Raju , a managing director at Morgan Stanley . Raju leads climate private-equity and credit investing at Morgan Stanley Investment Management, the bank’s $1.4 trillion alternative investment arm, and heads the firm’s 1GT strategy of backing companies that aim to reduce greenhouse gas emissions.
Persons: Morgan Stanley’s, Angus Mordant, Vikram Raju, Morgan Stanley, Raju Organizations: Bloomberg, Morgan Stanley Investment Management Locations: New York
After 2023's blowout run, it's hard to recall the once gloomy investing setup for technology stocks last December. As the calendar year turns, don't expect technology stocks to match 2023's blowout gains, but the year's performance is no fluke. AI stocks may dominate tech-focused investing, but don't sleep on the other emerging themes. GOOGL YTD mountain Alphabet shares in 2023 Both companies have rolled out new initiatives in the months since. Arm Holdings made headlines this year as one of the first major companies to go public , reviving the IPO market after a roughly two-year drought.
Persons: behemoths, Jay Woods, Mark Zuckerberg, didn't, chipmakers, David Waddell, Everybody's, Copilot, Paul Meeks, Gene Munster, Alphabet's, Meeks, Morgan Stanley, Andrew Slimmon, They're, Slimmon, CNBC's, Wall, Nvidia's, He's, Mahoney, Ken Mahoney, it's, Brent Fredberg, Munster's, Management's Albert Tsuei, Tsuei, William Blair's Jonathan Vo, Keith Weiss Organizations: Federal Reserve, Treasury, Freedom, Microsoft, Waddell & Associates, Oracle, Arista Networks, Morgan, Morgan Stanley Investment, Meta, Nvidia, Devices, Dell, Hewlett Packard Enterprises, Broadcom, Holdings, Micron Technology, Brandes Investment Partners, Micron, Samsung, Taiwan Semiconductor Manufacturing, MGM Resorts, Johnson, Okta, UBS, Management's, Palo Alto Networks, Palo Alto Locations: British, Clorox
Dividend-paying stocks took a backseat to this year's tech-driven market rally, but 2024 could be the year that they come back in vogue. A couple of catalysts could swing the pendulum back in favor of dividend payers in 2024, including the Fed's forecast for three rate cuts in the new year. "Not only do you get the dividend yield and dividend growth, but you get some capital appreciation perhaps – that's where it gets interesting," he added. Special dividend payers Kim Abmeyer, certified financial planner and founder of Abmeyer Wealth Management in Dallas, sees dividend-paying stocks coming into focus for 2024. The energy company in November announced that it raised its regular dividend by 10% and it declared a $1.50 per share special dividend.
Persons: gangbuster, Charlie Gaffney, Eaton Vance, Gaffney, bode, Bernstein, it's, Nelson, Piper Sandler, Paul Newsome, Kim Abmeyer, Abmeyer, Stocks, Roth MKM's Leo Mariani Organizations: Big Tech, Nasdaq, Morgan Stanley Investment Management, Broadcom, VMware, Evercore ISI, Disney, Allstate, Abmeyer Wealth Management, Costco Wholesale, Costco Locations: Dallas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market will breach summer highs before year-end, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, earnings season, market outlook, and more.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon, Morgan Organizations: Morgan Stanley Investment Management
BENGALURU, Nov 16 (Reuters) - India's Tata Technologies on Thursday set a price band of 475 rupees to 500 rupees per share for its initial public offering (IPO), according to a newspaper advertisement. The IPO, which is a first from the Tata Group in nearly two decades, will have an offer for sale of up to 60.9 million shares from existing shareholders, including Tata Motors (TAMO.NS). The offering will open for bids for anchor investors on Nov. 21, while retail investors can make offers between Nov. 22 to Nov. 24. Reuters last week reported that Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some U.S. hedge funds to invest in its IPO at a valuation of $2.5 billion. Reporting by Rama Venkat in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
Persons: Rama Venkat, Sohini Goswami Organizations: India's Tata Technologies, Tata Group, Tata Motors, Reuters, Tata Technologies, Morgan Stanley Investment Management, Thomson Locations: BENGALURU, Blackrock, Bengaluru
Here's why the market rallied Tuesday
  + stars: | 2023-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the market rallied TuesdayAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins 'The Exchange' to discuss the latest CPI report, its impact on the market, and more.
Persons: Andrew Slimmon Organizations: Morgan Stanley Investment Management
Will the S & P 500 be nearer to 5,000 by the end of the year? Morgan Stanley Investment Management's Andrew Slimmon was among some on Wall Street who earlier this year believed so. The S & P 500 closed at 4,193.80 on Tuesday. Although markets have been volatile lately, Slimmon expects the S & P 500 to be closer to 5,000 than 4,000. But his S & P 500 prediction is predicated on a few factors, Slimmon told CNBC's " Squawk Box Asia. "
Persons: Morgan Stanley, Andrew Slimmon, Slimmon, inching, CNBC's, There's, Stocks Organizations: Morgan Stanley Investment, CNBC, Treasury, . Federal, CNBC Market, Survey, Apple, Microsoft, Nvidia, Tesla, Windows, United Rentals Locations: ., financials
CNBC Daily Open: The Fed keeps rates, markets celebrate
  + stars: | 2023-11-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. [PRO] The S&P 500(0) dreamIn August, Morgan Stanley Investment Management's Andrew Slimmon said the S&P 500 would hit 5,000 this year.
Persons: Jerome Powell, Powell, , Xpeng, Nio, BYD, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Federal Reserve, Nikkei, U.S . Treasury Department, Li Auto, Morgan, Morgan Stanley Investment Locations: Asia, Pacific, U.S
Editor's note: Morgan Stanley announced on October 25 that Ted Pick would replace James Gorman as CEO. Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.
Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gucci loafers, Blackstone, Tony James, Morgan, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, , Hayley Cuccinello Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long, hcuccinello@insider.com
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is likely to stay higher, says Strategas Research's Jason TrennertJason Trennert, CEO of Strategas Research Partners, and Brian Weinstein, head of global markets at Morgan Stanley Investment Management, join 'The Exchange' to discuss Fed policy, inflation, and more.
Persons: Strategas, Jason Trennert Jason Trennert, Brian Weinstein Organizations: Strategas Research Partners, Morgan Stanley Investment Management
Today's higher interest rate environment drives home the reason why investors should scrutinize stocks offering tempting double-digit yields. Digging beneath the surface Multiple factors may contribute to a stock touting high dividend yields at first blush. First, there are dividend sustainers – companies that have made steady payments for years, including Merck , Johnson & Johnson and Southern Co . Investors who want to hunt dividend payers shouldn't go for the biggest yielders, but instead look for names that are in the second or third quintile among dividend payers, he said. "For many investors, you can get a pretty good dividend play and a good yield through ETFs at a low cost," said Ebersole.
Persons: Bond, Charlie Gaffney, Gaffney, Eaton Vance, Jamie Ebersole, Kim Abmeyer, Morgan Stanley, shouldn't, Ebersole, Morningstar's Bryan Armour, VIG Organizations: Utilities, Morgan Stanley Investment Management, Ebersole, Abmeyer Wealth Management, Investors, Costco Wholesale, Merck, Johnson, Southern Co, Apple, Exxon Mobil, Walmart Locations: Southern
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeep an eye on the yield curve, it's still important, says Quadratic's Nancy DavisNancy Davis, Quadratic Capital Management founder & CIO and Andrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Quadratic's Nancy Davis Nancy Davis, Andrew Slimmon, Morgan Organizations: Capital Management, Morgan Stanley Investment Management
Morgan Stanley's Aaron Dunn talks investing in the U.S.
  + stars: | 2023-10-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Aaron Dunn talks investing in the U.S.Aaron Dunn of Morgan Stanley Investment Management says the U.S. shale boom is nearing its peak. He names one stock set to benefit from its "global footprint."
Persons: Morgan Stanley's Aaron Dunn, Aaron Dunn, Morgan Organizations: Morgan Stanley Investment Management Locations: U.S
The commodities market is a "much more constructive place to invest" right now — and "integrated" names in the energy sector in particular are "extremely attractive," according to one portfolio manager. For now, Dunn said, he is "certainly concerned about and paying attention to the U.S. onshore shale era," when evaluating what equities to invest in. Integrated energy companies typically engage in the exploration, production, refinement, and distribution of oil and gas. "It's a U.S. company, but they have a lot of assets outside the U.S. and they have been investing outside the U.S.," he said. 'Uncover interesting equities' While the ongoing pullback in the U.S. stock market presents concerns on what stocks to invest in, Dunn said it can help "uncover very interesting equities."
Persons: Aaron Dunn, CNBC's, Dunn, they're, TotalEnergies, Stocks Organizations: Morgan Stanley Investment Management, ExxonMobil, Chevron, BP, ConocoPhillips, Constellation Brands, BJ's Wholesale Locations: U.S, British, Netherlands, Qatar, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate credit is growing capital in the face of high rates, says Morgan Stanley's Ashwin KrishnanAshwin Krishnan, co-head of North America Private Credit at Morgan Stanley Investment Management, joins 'The Exchange' to discuss the growth of the private credit industry, extending credit in the most defensive sectors, and rising rates increasing default concerns.
Persons: Morgan, Ashwin Krishnan Ashwin Krishnan Organizations: North America Private Credit, Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed hiking rates in an election year is highly unlikely, says Bahnsen Group CIODavid Bahnsen, Bahnsen group chief investment officer, and Brian Weinstein, Morgan Stanley Investment Management's head of fixed income, join 'The Exchange' to discuss the futures market expectations for upcoming Fed actions, tracking long term data indicators, and the Fed's plans for rates in an election year.
Persons: David Bahnsen, Brian Weinstein, Morgan Stanley Organizations: Morgan Stanley Investment
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S-China tensions will likely subside: Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins 'The Exchange' to discuss U.S.-China tensions and its impact on investors.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon Organizations: Morgan Stanley Investment Management, U.S Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy good companies when they are down: Morgan Stanley's Andrew SlimmonCNBC's Robert Frank with Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, join 'The Exchange' to discuss U.S.-China luxury consumer spending and trends.
Persons: Morgan Stanley's Andrew Slimmon CNBC's Robert Frank, Andrew Slimmon Organizations: Morgan Stanley Investment Management, U.S Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPositioning is still too negative in equities, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins 'Squawk Box' to discuss how Slimmon would consider August's equity market performance, Slimmon's thoughts on the markets next year, and more.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon Organizations: Morgan Stanley Investment Management
The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.
Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine
Despite a downbeat August, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up over 17% so far in 2023, and one expert sees it climbing even higher. Morgan Stanley's Andrew Slimmon sees the S&P 500 nearing 5,000 by year-end – what would be an 11% rise. Despite their already-high valuations, Slimmon sees further room to run. Nvidia in particular is one of the biggest success stories of 2023, with its share price soaring by 234% year-to-date.
Persons: Morgan Stanley's Andrew Slimmon, Andrew Slimmon, CNBC's, Slimmon, they're, Organizations: Service, Morgan Stanley Investment Management, Apple, Microsoft, Nvidia, Tesla Locations: Wall, Silicon
Morgan Stanley Investment Management's Andrew Slimmon believes markets are set for a "strong rally" by the end of the year. He told CNBC's " Street Signs Asia " on Tuesday that he believes the S & P 500 will be "closer" to 5,000 by then. Stock picks Slimmon is positive on three stocks to buy right now: Alphabet , industrial equipment rental firm United Rentals , and building materials firm CRH . As for United Rentals and CRH, Slimmon said they're set to benefit from the increased spending on public works. Analysts covering United Rentals and CRH give them potential average upside of 10% and nearly 18%, respectively, according to FactSet.
Persons: Morgan Stanley, Andrew Slimmon, CNBC's, Slimmon, It's, haven't, Stock, they've, they're, , — CNBC's Michael Bloom Organizations: Morgan Stanley Investment, United Rentals, Apple, Microsoft, Nvidia, Tesla Locations: Monday's
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets poppedU.S. stocks had a great Tuesday, with the S&P 500 and Nasdaq Composite advancing more than 1% each. Nvidia's record closeNvidia shares popped 4.16% Tuesday to close at a record of $487.84. Here's why Slimmon thinks stocks will rise despite struggling in August — and the three stocks to buy to ride on the wave.
Persons: Australia's, David, Susan Schwartz, Bitcoin, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Nasdaq, Nvidia, Google, Costco, Securities and Exchange Commission, Fidelity, Morgan, Morgan Stanley Investment Locations: Asia, BlackRock, Coinbase,
Regardless, the major averages are set to close a losing month as higher yields and Fitch downgrades weighed on equities this month. "Further cooling in the labor market and the services sector," said Brian Ellis, portfolio manager at Morgan Stanley Investment Management. The labor report will be preceded by the July personal consumption expenditures, or PCE, report on Thursday. In fact, many investors expect that the Federal Reserve is probably done hiking rates here as policymakers await the effects of higher rates on the real economy. Increasingly, investors are looking for opportunities in income as they deal with the possibility of higher rates for longer.
Persons: Jerome Powell, Jackson, Jay Hatfield, Fitch downgrades, nonfarm, Brian Ellis, Powell, Morgan, Ellis, Ben Kirby, that's, Thornburg's Kirby, Campbell Organizations: Federal, Nvidia, Nasdaq, Dow Jones, Capital Management, Dow Jones Industrial, FactSet, Morgan Stanley Investment Management, Federal Reserve, Thornburg Investment Management, Labor, Investors, Dallas Fed, Hewlett Packard Enterprise, HP, ADP, Costco, PCE, PCE Deflator, Chicago PMI, Dollar, Broadcom, Jobs, PMI, Manufacturing Locations: , Wyoming, U.S, cautiousness, Smucker, Chicago
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