That's the conclusion of a new Morgan Stanley research report, which makes us feel really good about where we stand on both Club stocks.
Each quarter, Morgan Stanley looks at under-owned stocks and over-owned stocks — basically which ones are overlooked and ready for a hot streak and which ones are crowded and ready to cool off.
However, Morgan Stanley said Meta kept its most over-owned crown — and coincidently, its shares closed lower.
To be sure, Morgan Stanley maintained an overweight rating on Apple shares.
META YTD mountain Meta Platforms (META) year-to-date performance Conversely, Morgan Stanley said Meta's average active institutional ownership increased by 18 basis points quarter-over-quarter.
Persons:
Morgan Stanley, We're, Meta, Morgan Stanley's, Microsoft's, We're bullish, Mark Zuckerberg's, Jim Cramer's, Jim Cramer, Jim, Justin Tallis
Organizations:
Microsoft, Meta, Morgan, Apple, DOJ, Nvidia, Oracle, Broadcom, CNBC, Getty
Locations:
China