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☆ Morgan Stanley picks ‘particularly high conviction’ global stocks it says the rest of the market is missing
▼ + stars: | 2023-07-21 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Morgan Stanley has named several buy-rated global stocks it expects to beat the market. "We expect Ozempic to drive a further upgrade to guidance before the 2Q results," the analysts wrote — the company reports on Aug. 10. Other drugmakers the bank is positive on are Grifols , where the bank expects a "solid performance," and Indivior , which is set for a "strong quarter," Morgan Stanley said. French materials manufacturer Saint-Gobain is also a Morgan Stanley pick, with the bank saying that consensus has not yet priced in its management's optimism on margins discussed at its annual general meeting last month. "While another positive beat ratio looks likely for 2Q23, a slowdown in global and European economic momentum suggests that the magnitude of the said beat will be closer to normal levels," they added.

Persons: Morgan Stanley, Giorgio Magagnotti Organizations: Novo Nordisk, Deutsche Telekom, . Energy Locations: Germany

☆ CNBC Daily Open: Tech stocks had a rough day, but that's okay
▼ + stars: | 2023-07-21 | 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. Rice prices riseWhether your carbohydrate of choice is rice, bread or noodles, expect to pay more for it. Global rice prices are already at a record high because of shortages. Morgan Stanley picks a list of global stocks it thinks will beat the market — and are priced less than the bank thinks they're worth.

Persons: Dow, Elon Musk, China Nicholas Burns, Daniel Kritenbrink, Gina Raimondo, Morgan Stanley Organizations: CNBC, Dow outperforms, Dow Jones, Nikkei, Initiative, Elon, SpaceX, Twitter, The Boring Company, NBC News, State, Commerce, Global Locations: Dow outperforms U.S, Asia, Pacific, India, Russia, China, East Asia

But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. "So, effectively, Morgan Stanley is lending money to the victims of this scheme and that money then gets diverted into Shawn Good's pocket," Easley said. Morgan Stanley, which topped earnings expectations Tuesday thanks in large part to its wealth management business, declined an interview request. But more important than all of that, she said, was that he worked for Morgan Stanley. Morgan Stanley was among 16 firms charged, all admitting they violated federal securities laws.

Persons: Morgan Stanley, Caitlin Andrews, It's, Shawn Edward Good, Good, Shawn Good, Michael F, Easley Jr, Shawn Good's, Easley, pilfered, Marc Fitapelli, Andrews, Fitapelli, Charles Hayward of, whatever's, Hayward, CNBC Andrews, I've, Caitlin, Louis Straney, Romeo Stelvio, Straney, Morgan Stanley's Organizations: Prosecutors, CNBC, Destiny, Easley, Eastern, Raleigh, Financial Industry Regulatory Authority, IRS, North Carolina State Bureau of Investigators, Lexus, Porsche, Tesla, Securities and Exchange, SEC Locations: Carolina Beach , North Carolina, Morgan Stanley's Wilmington, North Carolina, of North Carolina, New York, Charles Hayward of Wilmington, Santa Fe , New Mexico, France, Italy, Spain, Netherlands, Wilmington, N.C

July 18 (Reuters) - Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. Morgan Stanley (MS.N) shares rose more than 6%, shrugging off the 14% drop in profits. Excluding one-off items, Morgan Stanley earned $1.24 a share on revenue of $13.46 billion, comfortably beating estimates of $1.15 a share on $13.08 billion revenue, according to data from Refinitiv IBES. Still, "we expect investment banking to lead the recovery in the next quarter," she said. The Wall Street giant followed rivals including JPMorgan Chase and Citigroup in reporting tepid trading results.

Persons: Morgan, Morgan Stanley, James Gorman, Brennan Hawken‎, Sharon Yeshaya, Morgan Stanley's, James Shanahan, Edward Jones, Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, Tatiana Bautzer, Mehnaz Yasmin, Niket, Lananh Nguyen, Arun Koyyur, Louise Heavens, Nick Zieminski Organizations: UBS, JPMorgan Chase, Citigroup, Bank of America, Reuters, Thomson Locations: New York, Bengaluru

☆ Morgan Stanley profit drops 18% as deal drought persists
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Morgan Stanley's (MS.N) profit slipped 18% in the second quarter as Wall Street's deal-making drought stunted revenue from investment banking. The bank's revenue from asset management slipped 2%. Morgan Stanley's revenue climbed 2% to $13.46 billion while expenses rose 8% to $10.48 billion. Profit applicable to common shareholders fell to $2.05 billion, or $1.24 per diluted share, the bank said on Tuesday. Shares of the investment bank were up 1.4% in premarket trading.

Persons: Morgan Stanley's, James Gorman, Morgan Stanley, Andy Saperstein, Tatiana Bautzer, Mehnaz Yasmin, Niket, Lananh Nguyen, Arun Koyyur Organizations: Thomson Locations: New York, Bengaluru

☆ Morgan Stanley Profit Falls 13%
▼ + stars: | 2023-07-18 | by ( ) www.wsj.com time to read: 1 min

Morgan Stanley just dropped its second-quarter earnings, confirming that Wall Street-style businesses like investment banking and trading are still in the doldrums.

Persons: Morgan Stanley

☆ Commercial real estate lending fell for the first time in 2 years last month as credit conditions tighten
▼ + stars: | 2023-07-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Commercial real estate lending fell for the first time in two years last month amid tight credit conditionsDebt on commercial property fell to $5.44 trillion in June, driven by a large drop in multifamily lending. Outstanding commercial real estate debt dropped to $5.44 trillion in June, marking the first drop in commercial real estate lending recorded in two years, according to Refinitiv data cited by Capital Economics. Multifamily property debt fell by $21.6 billion last month, the research firm said. Still, commercial property debt saw sluggish growth in June, increasing by just $7.4 billion last month. Commercial real estate prices could plunge as much as 40% from their peak, Morgan Stanley previously estimated, which would mark an even more severe crash than what was seen in the 2008 financial crisis.

Persons: That's, Charlie Cornes, Banks, Morgan Stanley Organizations: Capital Economics, Service, Capital Locations: Wall, Silicon

☆ New IT spending survey bodes well for 7 tech stocks in A.I. to cloud to cybersecurity
▼ + stars: | 2023-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Analysts at Morgan Stanley published the results of their second-quarter CIO survey, providing valuable insight into information technology budget expectations. Cloud and cybersecurity Digging a bit deeper, the survey reveals that cloud computing and security software remain the top two priorities for CIOs followed by artificial intelligence/machine learning. The analysts singled out Microsoft as the most exposed to the two major themes of the survey — generative AI via ChatGPT and cloud consumption via Azure. Cloud and AI enablers All of this also bodes well for the names that make cloud computing, generative AI, and LLMs possible. Importantly, the demand is not only coming from cloud service providers (CSPs) but also from enterprise players and AI startups.

Persons: Morgan Stanley, Bard, Dell, Salesforce, Jim Cramer's, Jim Cramer, Jim, Bing, Jonathan Raa Organizations: Microsoft, Google, Web Services, Club, Software, Hewlett Packard Enterprise, Palo Alto Networks, Alto, Nvidia, Devices, AMD, CNBC, Nurphoto, Getty

☆ Student-loan holders will soon have $300 less to spend each month. That could be bad news for Target and Dick's.
▼ + stars: | 2023-07-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Student loan payments are set to resume in October following a Supreme Court ruling last month. Analysts at Morgan Stanley project this will have a broad — but uneven — impact on major retailers. Retailers are already bracing for the shift, which analysts at Morgan Stanley project will affect nearly every company — some more than others. "Retailers with high exposure to student loan holders that sell into a discretionary category are likely most at risk, while retailers with low exposure to student loan holders are likely most insulated," the analysts note. In addition to Target, the analysis calls out Dick's Sporting Goods, Wayfair, and Williams-Sonoma as particularly vulnerable to this pullback in discretionary spending.

Persons: Morgan Stanley, Joe Biden's, O'Reilly, Jeffries Organizations: Service, Target, Walmart, Sporting Goods, Dollar, Tractor Supply Co Locations: forbearance, Wall, Silicon, Williams, Sonoma, Amazon

☆ Morgan Stanley reveals 6 of its top China stocks, including a chipmaker it expects to soar 80%
▼ + stars: | 2023-07-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Morgan Stanley has named a slew of Chinese stocks it says are set to outperform, despite current market conditions. Baidu has the highest R & D mix compared to peers in tech innovation over the years," said Morgan Stanley. NetEase Morgan Stanley pointed to NetEase 's strong game pipeline, and expects margins to improve as a result of non-game segments cutting losses, among other factors. Star Power Semiconductor Morgan Stanley also named one semiconductor stock: China-listed Star Power Semiconductor. It gave Star Power a price target of 420 Chinese yuan ($57.8), or potential upside of around 80%.

Persons: Morgan Stanley, Alibaba Morgan Stanley, NetEase Morgan Stanley, Star Power Semiconductor Morgan Stanley, CNBC's Michael Bloom Organizations: Alpha, Baidu, Tencent, Entertainment, Music Entertainment, Hong, Star Power Semiconductor, Power Semiconductor, Power, China 5G, Semiconductor Locations: China, U.S, Hong Kong

Ferrari is standing on the top step of the podium, according to Morgan Stanley. He also raised his price target to $340 from $310 on account of foreign exchange fluctuations, earnings revision and a slight increase in his estimated EBITDA multiple. The new price target implies 8.4% upside from Thursday's close. Morgan Stanley maintained his bull case estimates of $420 per share, which implies 34% upside from current levels. Morgan Stanley predicts the bear scenario could occur if a weaker macro environment results in low shipments and demand levels, as well as a loss of brand relevance.

Persons: Ferrari, Morgan Stanley, Adam Jonas, Hermes, Jonas, — CNBC's Michael Bloom Organizations: Ferrari, General Motors Locations: China, Asia

☆ A.I., rate cuts and Japan's rebound: Asia stocks are looking 'much more promising' than U.S. peers
▼ + stars: | 2023-06-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. At first glance, Asian stocks as a whole have more modest gains so far this year compared with their U.S. and European counterparts. But Asia is more economically diverse than Europe and the U.S., and there are still bright spots in the region, especially in Japan and South Korea. In April, the BOJ announced it will conduct a "a broad-perspective review of [its] monetary policy," which could span 12-18 months. But Lombard Odier still expects the BOJ to end the yield curve control policy before this review is over.

Persons: Kazuhiro Nogi, Nomura, Daniela Gombert, bode, Gombert, Kazuo Ueda, Ueda, Lombard Odier, Morgan Stanley, Google's Bard, Ernie Bot, Lombard, Marco Barresi, Barresi Organizations: Bank of Japan, Afp, Getty, U.S, Asia, Nomura, Nikkei, Bank of, Private, U.S . Federal, Chips, Lombard Odier Locations: Tokyo, Asia, Europe, U.S, Japan, South Korea, India, Southeast Asia, Bank of Japan, Indonesia, A.I, OpenAI, Taiwan, China

☆ Morgan Stanley says A.I. in China is at an inflection point — and names 3 stocks to play it
▼ + stars: | 2023-06-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

China's artificial intelligence evolution is at an "inflection point" — and the country is catching up with the U.S., according to Morgan Stanley. Morgan Stanley, in a separate note, flagged Baidu in particular as the best AI play in China, and the "most obvious beneficiary" of the $7.4 trillion AI opportunity in China. Baidu, China's largest search engine, owns the most extensive proprietary search data — and it's essential for the development of AI-generated content, Morgan Stanley noted. Morgan Stanley predicts that growth will be close to 50% in the next three to five years. Morgan Stanley gave Baidu a target price of $190, or 35% potential upside.

Persons: Morgan Stanley, Alibaba, Tencent, Ernie, — CNBC's Michael Bloom Organizations: U.S, Stock, Baidu Locations: China, United States

☆ CNBC Daily Open: China, the dozing dragon
▼ + stars: | 2023-06-20 | 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. Blinken unexpectedly meets XiU.S. Secretary of State Antony Blinken ended his China visit by meeting with Xi Jinping, the country's president. Blinken's meeting could pave the way for U.S. President Joe Biden to meet Xi in November. The country's mortgage market's so volatile that HSBC temporarily stopped offering some home loans earlier this month.

Persons: Blinken, Antony Blinken, Xi Jinping, Blinken's, Joe Biden, Xi, Buffett, Warren Buffett's Berkshire Hathaway, Morgan Stanley Organizations: CNBC, Xi U.S, U.S, Juneteenth, Mitsubishi, Mitsui, Sumitomo, HSBC, Asia Locations: Lujiazui, Pudong, Shanghai, China, frayed U.S, America, Itochu, Berkshire, Japan, Asia Pacific

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

☆ This retailer is the big winner as shoppers trade down to cheaper products, Jefferies says
▼ + stars: | 2023-06-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Specifically, canned vegetables, meats and cheese are trending higher in private label share, according to Numerator . In addition, food and treats for cats and dogs are seeing the strongest gains in private label dollar share, the firm found. Walmart's store brands include Sam's Choice and Great Value, the latter of which is the most popular private label brand, according to Numerator. Its private label penetration is in the high 20%, and in the first quarter its penetration grew 110 basis points year over year, he pointed out. He expects its private label penetration to continue to grow.

Persons: Jefferies, Corey Tarlowe, There's, Tarlowe, Morgan Stanley, Simeon Gutman, — CNBC's Michael Bloom Organizations: Walmart, Sam's Locations: WMT

☆ Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve's policy will become more accommodative. Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year. The Wall Street bank warned that the EPS of S&P companies could slip to $185 from $195 in 2023 before recovering to $239 next year. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia Corp (NVDA.O), have buoyed indexes so far, Morgan Stanley said.

Persons: Morgan Stanley, Michael Wilson, Wilson, Roshan Abraham, Dhanya Ann Thoppil Organizations: Nvidia Corp, Thomson Locations: Bengaluru

☆ Fighting Disinformation as Einstein on Twitter - The New York Times
▼ + stars: | 2023-06-04 | by ( Benyamin Cohen | ) www.nytimes.com time to read: +3 min

Long before the word “tweet” was associated with anything other than birds, Einstein’s career was nearly derailed by an early form of the disinformation now ubiquitous on social media. In 1920, skeptical scientists who deemed Einstein a crackpot, and his theory of relativity nonsense, joined forces. Like other prominent Jews, Einstein was targeted as an enemy of the state, and a bounty was rumored to have been placed on his head. Einstein received a welcome reception whenever he arrived on the shores of New York City. For the final two decades of his life, he was one of the most widely respected public figures in the world.

Persons: Einstein, ”, Matthew Stanley, Stanley, “, Carolyn Abraham, —, Walter Cronkite, influencers Organizations: Berlin Philharmonic Hall, New York University, Caltech, Facebook, Twitter Locations: Germany, Austrian, Europe, New York City, United States

☆ Cargill to sell China poultry unit to private equity firm DCP Capital
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 31 (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The U.S. company started its China poultry operations in 2011, breeding, raising and processing the chickens. China's DCP Capital has invested in several other food and agriculture businesses including one of China's top poultry producers Fujian Sunner Development(002299.SZ), its website says. It also said the private equity firm was focused on Greater China and led by former members of the KKR and Morgan Stanley private equity businesses.

Persons: Cargill, Morgan Stanley, Dominique Patton, Christian Schmollinger, Barbara Lewis Organizations: Cargill, DCP, Cargill Protein China, Wellhope, Fujian Sunner, KKR, Thomson Locations: BEIJING, China, United States, Chuzhou, Anhui, U.S, Fujian

☆ Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race
▼ + stars: | 2023-05-19 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

James Gorman said Friday he plans to resign as Morgan Stanley 's CEO within the year, setting off a succession race atop one of Wall Street's dominant firms. Since taking over in 2010, Gorman has pulled off one of the more successful transformations on Wall Street. Through a series of savvy acquisitions, Morgan Stanley rebounded after nearly capsizing during the 2008 financial crisis to become a wealth management juggernaut. The bank began that journey in 2009, when Morgan Stanley purchased Smith Barney from Citigroup in the throes of the financial crisis, gaining thousands of financial advisors. Shares of Morgan Stanley have tripled during Gorman's tenure.

☆ Big-name investors are going all-in on AI
▼ + stars: | 2023-05-18 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger Global founder Chase Coleman, billionaire trader Paul Tudor Jones, and Ark Invest CIO Cathie Wood are all bullish on AI. Billionaire investors including Bill Ackman, Stanley Druckenmiller and David Tepper are betting big on firms at the forefront of the AI race - such as Microsoft, Alphabet and chipmaker Nvidia. Here's how seven top players are responding to the AI trend:

Six months after Morgan Stanley pulled its rating on Carvana shares, the firm says it has "improved confidence" in the used-car dealer. Analyst Adam Jonas reinstated coverage of the stock, giving it an equal-weight rating. The analyst added that the company's reductions of selling, general and administrative expenses have been progressing better than expected, marking a "turning point" for Carvana. Carvana shares have soared nearly 130% in 2023. CVNA YTD mountain Carvana stock —CNBC's Michael Bloom contributed to this report.

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

☆ Morgan Stanley expects an area of tech to boom into a $5 trillion opportunity and names 3 stock picks
▼ + stars: | 2023-05-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

E-commerce is set for a boom, according to Morgan Stanley, which predicts that the industry will be worth $5 trillion by 2027. "We largely saw a focus on profitability over growth emerge through 2022," Morgan Stanley analysts wrote. Morgan Stanley picked stocks to play the boom, choosing them based on their "outsized growth potential," market leadership and "attractive" trading multiples relative to history, among other factors. Amazon Morgan Stanley noted that although Amazon has around 37% of the U.S. e-commerce market, it has captured only 9% of U.S. retail sales. MercadoLibre Morgan Stanley said it sees MercadoLibre as a "share gainer" in a region that still has a "multiyear eCommerce penetration opportunity."

☆ Morgan Stanley says the global education market will be worth $8 trillion, and names 4 stock picks
▼ + stars: | 2023-05-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Global spending on education will be worth $8 trillion by 2030, Morgan Stanley predicts, saying there are opportunities in the market that are "just beginning to be enabled by technology." Stock picks Morgan Stanley named seven stock picks to capitalize on the trend. 3P Learning : Morgan Stanley said the Australian firm is a "distinct" product that reaches a wide variety of groups – schools, teachers, parents and home users. Arco Platform : Morgan Stanley says Arco is a leader in Brazil's K-12 learning systems, and has a presence throughout the country. YDUQS : Morgan Stanley noted the firm, which is also a Brazilian player, is committed to being accessible and affordable to lower-income groups.

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