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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley's Michael Kushma and American Century's Mike RodeMike Rode, senior investment director at American Century Investments, and Michael Kushma, senior fixed income portfolio manager at Morgan Stanley Investment Management, join CNBC's 'The Exchange' to discuss where to find opportunity in the market, how to position for the incoming administration, and more.
Persons: Morgan Stanley's Michael Kushma, Mike Rode Mike Rode, Michael Kushma, CNBC's Organizations: Century Investments, Morgan Stanley Investment Management
Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates, according to FactSet. The tech-heavy Nasdaq Composite gained 0.6%, snapping a four-day losing streak, while the S&P 500 added about 0.4%.
Persons: Stocks, Andrew Slimmon, Morgan Stanley Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Trump Media & Technology Group, Walmart, Blackwell, Dow Jones, Morgan Stanley Investment Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager: Investment case for EM equities is potentially 'delayed not derailed'Steven Quattry of Morgan Stanley Investment Management highlights investment opportunities in emerging and frontier markets amid trade war uncertainty.
Persons: Steven Quattry Organizations: Morgan Stanley Investment Management
Morgan Stanley has partnered with cap-table firm Carta to reach founders before they get rich. With this new partnership, Carta will refer clients looking to go public to Morgan Stanley at Work, a division that caters to businesses and their employees. How it worksThe referral deal fills gaps for Morgan Stanley and Carta. Morgan StanleyCarta clients can access Morgan Stanley services before moving to Shareworks. Ideally, these conversations lead to employees becoming wealth management clients, Finn said.
Persons: Morgan Stanley, Jed Finn, , Doug Martin, General Mills, Morgan, Finn, Carta, Morgan Stanley's, Morgan Stanley Carta, Carta Finn, Henry Ward, Wilson Sonsini, Ward Organizations: Service, Carta, Business, Trump Locations: Silicon, Carta, Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Aaron Dunn reveals 3 stock picks after the U.S. electionAaron Dunn of Morgan Stanley Investment Management discusses his stock picks within the healthcare, real estate and energy sectors.
Persons: Morgan Stanley's Aaron Dunn, Aaron Dunn, Morgan Organizations: Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market is key focus of Fed rate cut, says Morgan Stanley's Jim CaronDavid Kelly, JPMorgan Asset Management chief global strategist; Jim Caron, Morgan Stanley Investment Management CIO of cross asset solutions; and Stephanie Roth, Wolfe Research chief economist join CNBC's 'Power Lunch' to discuss reactions to the Federal Reserve's decision to cut interest rates by a quarter point.
Persons: Morgan Stanley's Jim Caron David Kelly, Jim Caron, Morgan, Stephanie Roth, Wolfe, CNBC's Organizations: Labor, JPMorgan Asset Management, Morgan Stanley Investment, Wolfe Research, Federal
Bolster your portfolio for any Election Day outcome
  + stars: | 2024-11-05 | by ( Michelle Fox | ) www.cnbc.com   time to read: +7 min
With Election Day underway, income investors should soon find out how their portfolio may — or may not — be affected by the outcome. Harris has said she wants to boost the corporate tax rate to 28% and increase the top rate for long-term capital gains to 28% for those making more than $1 million. That means that those who are buying AMT bonds but not paying AMT are getting free income, he said. Lastly, a higher corporate tax rate could also spur banks and insurance companies to return to the muni market. The companies owned a lot of municipal bonds when the tax rate was 35% and many bought more corporate bonds when the tax rate fell to 21%, Brandon said.
Persons: Colleen Cunniffe, Donald Trump, Kamala Harris, Collin Martin, Martin, Trump, Harris, Dan Close, Craig Brandon, Brandon, Andrzej Skiba, Skiba, Schwab's Martin, Cunniffe, Cunniff, Darla Mercado Organizations: Vanguard, Wells Fargo Institute, Schwab Center, Financial Research, US, Treasury, , munis, Morgan Stanley Investment Management, Investors, Trump, RBC Global, Management, Federal Reserve Locations: China, Nuveen, U.S
Uncertainty is the key theme for markets on the eve of Election Day, but fixed income investors say there are a few opportunities to snap up solid yield even as the market holds its breath. "We are constructive on fixed income as a whole, despite these uncertainties, and we're stressing to investors that yields are really quite attractive – and the income generation we can get from fixed income right now is quite powerful," Persson added. On the municipal bond side, offerings include the iShares National Muni Bond ETF (MUB) , which has a 30-day SEC yield of 3.35%. Vanguard also has its Tax-Exempt Bond ETF (VTEB) , with a 30-day SEC yield of 3.4%. The iShares MBS ETF (MBB) has a 30-day SEC yield of 4.01% and a net expense ratio of 0.04%.
Persons: Kamala Harris, Donald Trump, Andrew Szczurowski, Eaton, Anders Persson, Persson, Fannie Mae, Freddie Mac, Baird Organizations: NBC News, Income, Morgan Stanley Investment Management, Federal, Treasury, Muni Bond ETF, SEC, Vanguard, Bond, SPDR, MBS, Fidelity Intermediate Bond Fund, Bond Fund Locations: Washington, Nuveen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBond yields in general are in a 'trendless range', says Morgan Stanley’s Jim CaronJim Caron, Morgan Stanley Investment Management cross-asset solutions CIO, joins 'Squawk Box' to discuss the recent volatility in the treasury market.
Persons: Morgan Stanley’s Jim Caron Jim Caron, Morgan Organizations: Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA possible Trump win would not 'reset' markets like in 2016: MS StrategistJitania Kandhari from Morgan Stanley Investment Management talks about the impact of a possible Trump presidency in November, and how that will affect rate markets.
Persons: Jitania Kandhari Organizations: Trump, Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvest in large multinationals with business in China instead of ADRs: Morgan Stanley IMAaron Dunn of Morgan Stanley Investment Management explains how he is capturing the China market rally by investing in large U.S.-listed multinationals that do business in the the country.
Persons: Morgan Stanley, Aaron Dunn, Morgan Organizations: Invest, Morgan Stanley Investment Management Locations: China, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is now ahead of the curve with rate cuts, says Morgan Stanley's Brian WeinsteinBrian Weinstein, Morgan Stanley Investment Management head of global markets, joins CNBC to discuss outlooks on China, expectations for the Federal Reserve, and more.
Persons: Morgan, Brian Weinstein Brian Weinstein Organizations: Morgan Stanley Investment Management, CNBC, Federal Reserve Locations: China
Stocks in the infrastructure sector aren't always top of mind. But investors who want to diversify their portfolios away from those popular names and themes can consider the infrastructure theme, says Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management. Stock pick Slimmon is bullish on equipment rental company United Rentals . URI YTD mountain YTD shares of United Rentals Shares in United Rentals trade on the New York Stock Exchange, and are up over 40% year to date, and over 80% over the last 12 months. KeyBanc Capital Markets' analysts identified United Rentals as "interesting acquirers," citing its "strong history of driving solid returns through large deals each year."
Persons: Andrew Slimmon, Slimmon, Hurricane Helene, It's, Florida's Organizations: Nvidia, Novo Nordisk, Morgan Stanley Investment Management, United Rentals, New York Stock Exchange, KeyBanc, Markets Locations: U.S, Hurricane, North Carolina , Georgia, Texas, Massachusetts, Bend, Connecticut, North America, Europe, Australia, New Zealand
AdvertisementCorporate earnings are on pace for their best non-pandemic year since 2018, and market strategists expect the party to continue in the upcoming earnings season and into 2025. "There's not always a one-for-one relationship between economic growth and earnings growth," Reynolds said. "You can still see earnings growth at a pretty robust level, even if economic growth moderates to some extent. "That could be a little bit of a headwind for the market," Saglimbene said. That's a normal earnings growth kind of environment, and I think that's enough to continue to push the market higher."
Persons: , Mike Reynolds, Anthony Saglimbene, He's, Saglimbene, Joe Quinlan — who's, Bank of America —, Quinlan, Reynolds, it's, Andrew Slimmon, Jim Baird, Plante, Michael Smith, Smith, There's, Slimmon, he's Organizations: Service, Business, Ameriprise, Merrill, Private Bank, Bank of America, Morgan Stanley Investment Management, Financial, Allspring Global Investments, Bears Locations: what's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley IM: expect a soft landing of U.S. economy and the Fed to under-deliver on rate cutVishal Khanduja of Morgan Stanley Investment Management says market volatility is 'suppressed', and while he views the U.S is on track for a soft-landing, he is 'slightly conservative' in their overweight on risk in their fixed-income strategy.
Persons: Morgan Stanley, Vishal Khanduja Organizations: Morgan Stanley Investment Management Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager: Bond is good hedge against risk asset when inflation is down, like nowAndrew Szczurowski with Morgan Stanley Investment Management explains why he believes there's still plenty of value in the bond market despite recent rallies amid the Fed's easing cycle.
Persons: Bond, Andrew Szczurowski, there's Organizations: Morgan Stanley Investment Management
Why new tax rates will become a key issue for munis
  + stars: | 2024-09-20 | 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 EmailWhy new tax rates will become a key issue for munisCraig Brandon, co-head of municipals at Morgan Stanley Investment Management, joins CNBC's 'The Exchange' to discuss how rate cuts will affect municipal bonds, how the election and tax rates could impact municipals, and more.
Persons: munis Craig Brandon Organizations: Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSurprised by how fast the market reacted to the Fed's rate cut, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins ‘Squawk Box’ to discuss Wall Street's reaction to Wednesday's rate cut, how the election could impact the markets, and more.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon Organizations: Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Insurance cut' is the right way to describe what the Fed did: Jim CaronJim Caron from Morgan Stanley Investment Management explains why the Fed delivered a jumbo rate cut at the start of the rate cut cycle.
Persons: Jim Caron Jim Caron Organizations: Morgan Stanley Investment Management, Fed
The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."
Persons: , Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's 50bps cut may send wrong message to equity markets, says JPMorgan's David KellyDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis points and what it means for markets.
Persons: JPMorgan's David Kelly David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed 50 basis-point cut is a 'risk management' decision, says New Century's Claudia SahmDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis- points and what it means for markets.
Persons: Claudia Sahm David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a global easing cycle coming, says senior equity portfolio manager Aaron DunnAaron Dunn, Morgan Stanley Investment Management senior equity portfolio manager, joins 'The Exchange' to discuss how to position for value volatile markets, consumer staples, top stocks to own in the value trade, and more.
Persons: Aaron Dunn Aaron Dunn, Morgan Organizations: Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley Investment Management's Aaron DunnAaron Dunn, Morgan Stanley Investment Management senior equity portfolio manager, joins 'The Exchange' to discuss how to position for value volatile markets, consumer staples, top stocks to own in the value trade, and more.
Persons: Morgan Stanley, Morgan Stanley Investment Management's Aaron Dunn Aaron Dunn, Morgan Organizations: Morgan, Morgan Stanley Investment, Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA September rate cut is still only 50-50, says Morgan Stanley Investment Management’s Jim CaronCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Research’s Stephanie Roth and Morgan Stanley Investment Management’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.
Persons: Morgan Stanley, Jim Caron CNBC’s Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Jim Caron Organizations: Morgan Stanley Investment, Morgan
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