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Morgan Stanley (MS)

NYSE - NYSE Delayed Price. Currency in USD
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101.80+1.52 (+1.52%)
At close: 4:02PM EDT
101.74 -0.06 (-0.06%)
After hours: 07:59PM EDT
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  • E
    Edna
    True voter fraud seasoned with a dash of racism:

    "Senate Majority Leader Chuck Schumer has scheduled a vote on his party’s new voting rights bill, the Freedom to Vote Act, for Wednesday but there is still no plan for overcoming a GOP filibuster to pass it. To understand the high costs of inaction, look no further than Texas.

    One month after passing one of the country’s worst voter suppression laws, Texas Republicans enacted new redistricting maps that lock in power for white Republicans by denying fair representation to communities of color.

    “The partisan effects of the map are achieved by discriminating against communities of color.”
    Ninety-five percent of the state’s population growth in the last decade came from communities of color, but, in an astonishingly brazen effort to forestall these demographic changes, the new redistricting maps for the state legislature and US House increase the number of districts with white majorities—overwhelmingly held by Republicans—and decrease the number of districts with Hispanic and Black majorities."
  • E
    Edna
    GOP lied us into the Iraq war. Halliburton and the chief GOP engineer of the war, Cheney profited mightily.

    "One of the top profiteers from the Iraq War was oil field services corporation, Halliburton. Halliburton gained $39.5 billion in "federal contracts related to the Iraq war". Many individuals have asserted that there were profit motives for the Bush-Cheney administration to invade Iraq in 2003."
  • E
    Edna
    Almost 10 years later and the "Big Lie" has replaced "birtherism " in the GOP closed loop philosophy.

    https://www.herbblockfoundation.org/sites/default/files/2016-10/tom_tomorrow_11.jpg
  • E
    Edna
    Just the fax.

    Since Eisenhower, average monthly private sector job growth under Dem. Presidents is 167,200. Under GOP Presidents, 66,700.
  • E
    Edna
    Rep. Raskin: Tweets From Insurrectionists Called Jan. 6 'Civil War Part 2'
  • E
    Edna
    "Following the November 2020 vote in favor of statehood for Puerto Rico, S. 780 recognizes the results and calls for Puerto Rico’s admission to the Union as a State once certain requirements are met: “Subject to the provisions of this Act, and upon issuance of the proclamation required by section 7(c), the Commonwealth of Puerto Rico is hereby declared to be a State of the United States of America, and as such shall be declared admitted into the Union on an equal footing with the other States in all respects.”

    It further calls for a ratification vote, allowing the people of Puerto Rico to vote on acceptance of Congress’s offer of statehood after the bill passes in Congress and is signed by the president. This was the same process followed by Alaska and Hawaii.

    The bill states that the laws, government, and borders of Puerto Rico will be unchanged, except that any laws contrary to statehood will automatically be repealed."
  • m
    malvoisin
    They had some interesting insights about MS on (http://Multistockalerts.com). Definitely made me think twice about the company.
  • E
    Edna
    "Holocaust denial is nothing new. It began as soon as the camps were liberated. General Dwight Eisenhower, supreme commander of Allied Forces in Europe, anticipated such denial might occur.

    "I made the visit [to a concentration camp] deliberately, in order to be in a position to give first-hand evidence . . .if ever in future there develops a tendency to charge these allegations merely to propaganda," he explained. His fears were soon realized. Deniers claim either that the genocide never happened or that the numbers killed were grossly exaggerated.

    The Texas episode adds a new insidious twist to this old lie. Rather than openly denying the murder of 6 million people, it labels the genocide as a subject for debate rather than an established fact. The call for opposing points of view sounds reasonable. Why not expose students to different interpretations? That argument works for genuinely disputed issues but not verified events. "
  • E
    Edna
    "Kaiser Family Foundation estimated how many COVID-19 deaths were among unvaccinated adults and could have been prevented since June 2021 when safe and effective COVID-19 vaccines became widely available to all adults in the U.S. From June through September 2021, approximately 90,000 COVID-19 deaths among adults likely would have been prevented with vaccination."
  • E
    Edna
    "BREAKING: 3rd Court of Appeals says former OAG employees who accused Paxton of abuse of power, other legal violations, are protected by Texas whistleblower law. Also affirm district court's decision to deny Paxton's motion to dismiss."

    This is big news. It means the complaint against Paxton is officially a whistleblower case, opening up his former employees to damages if they win."
  • J
    Jake
    MS Interview of Gorman (after earnings):

    CRAMER: Well that’s what we’re going to talk about. At one point, Morgan Stanley before you came in, had what I regarded as episodic earnings. They’d be good, and then bad and good and bad and therefore it’s very hard to give a price earnings multiple. The business that you’re bringing in, including by the way E*TRADE, is really sticky and steadily growth, growth, secular growth. And I’m wondering what you when you sit around your board meetings, doesn’t someone say, you know what, how come we’re still at 12 times earnings because this is a secular growth story, it’s not cyclical, I’m trying to understand why you’re not given a greater price.

    GORMAN: Yeah, well it’s getting there. I mean to be fair we were, you know, we were sub 10 and I thought that was just nuts. We’re now managing if you put wealth and asset management together, which gives us the balance, that’s about six and a half trillion on that we’re generating revenues of over 30 billion. Just that, and that’s very sticky but on the other hand the investment bank and what it’s done the resurgence of fixed income after it was restructured dramatically in 2015. You know, equities is number one, the investment bank itself and M&A is on fire, the equity underwriting. So, Jim, it’s this balance and speed concept that I’ve talked about, and, you know, we’re starting to get the multiple. I mean we’re getting the recognition, you look at some of the other pure wealth players in the marketplace, they’re trading at, you know, 20, 30 times earnings, you know, we’d love a piece of that and I think our investors are starting to understand that so it’s getting there.
  • E
    Edna
    "I called Ted Cruz's's office asking to make an appointment to talk with the Senator about my blood pressure. They told me that the Senator was not qualified to give medical advice and that I should call my doctor. So I asked them to stop giving advice about vaccines."
  • J
    Just
    I am really skeptical of Jane's strategy push into wealth management in Asia. When Morgan Stanley bought Smith Barney from Citi during housing crisis, it took them very long to grow it into power house across the firm. Today MS is a fierce competitor and along with Goldman and JP Morgan penetration into global M&A, underwriting and advisory businesses is very high. How Citi plans to gain market share in such competition is a big unknown to me. It could well be that the spent capital on wealth in Asia that it gets from exiting overseas consumer businesses delivers very marginal benefits to both top and bottom lines. On investor day in 2022 the management could announce execution plans for such strategy taking many years or even decade before shareholders could see real benefits. On top of that, if some sort of major growth slowdown or another financial or economic crisis arrive, the management would still talk about what it can control and what is beyond control like Corbat and his team did.
  • E
    Edna
    GOP incompetence on steroids:

    "FL’s new political Surgeon General Joseph Ladopo, with Desantis, today became the first SG in the US to question the safety and efficacy of vaccines, saying to ignore the experts: “People need to stick with their intuition and their sensibilities.”
  • E
    Edna
    "OKLAHOMA CITY — A coalition of civil rights groups sued the state of Oklahoma on Tuesday over a law limiting instruction about race and gender in public schools. It is the first federal lawsuit to challenge a state statute implemented to prevent the teaching of critical race theory.

    The suit, backed by the American Civil Liberties Union and the Lawyers’ Committee for Civil Rights Under Law, argues that HB 1775, which took effect in May, violates students’ and teachers’ free speech rights and denies people of color, LGBTQ students and girls the chance to learn their history.

    The Oklahoma law bans teaching that anyone is “inherently racist, sexist or oppressive, whether consciously or unconsciously,” or that they should feel “discomfort, guilt, anguish or any other form of psychological distress” because of their race or sex. Under rules imposed by the state, teachers or administrators found in violation of the law can lose their licenses, and schools can lose accreditation.

    The lawsuit asks a federal judge to immediately halt enforcement of the law and declare it unconstitutional under the First and Fourteenth amendments."
  • E
    Edna
    Texas fascisti on tape:

    "SOUTHLAKE, Texas — A top administrator with the Carroll Independent School District in Southlake advised teachers last week that if they have a book about the Holocaust in their classroom, they should also offer students access to a book from an “opposing” perspective, according to an audio recording obtained by NBC News.

    Gina Peddy, the Carroll school district’s executive director of curriculum and instruction, made the comment Friday afternoon during a training session on which books teachers can have in classroom libraries. The training came four days after the Carroll school board, responding to a parent’s complaint, voted to reprimand a fourth grade teacher who had kept an anti-racism book in her classroom.

    A Carroll staff member secretly recorded the Friday training and shared the audio with NBC News.

    “Just try to remember the concepts of [House Bill] 3979,” Peddy said in the recording, referring to a new Texas law that requires teachers to present multiple perspectives when discussing “widely debated and currently controversial” issues. “And make sure that if you have a book on the Holocaust,” Peddy continued, “that you have one that has an opposing, that has other perspectives.”

    “How do you oppose the Holocaust?” one teacher said in response.

    “Believe me,” Peddy said. “That’s come up."
  • z
    zupan
    (http://Thetraderguide.com) is a must for any trader. Their watchlist which covers pre-market movers is one of the best researched in the industry. I don’t start trading without reading their daily email each morning!
  • E
    Elaine  Mendonça
    Analyst Carlos De Alba downgraded US Steel from overweight to underweight in a rare double-downgrade. In a note to clients on Sunday, De Alba stated that the steel industry should take a step back and that U.S. Steel should underperform.

    “Despite solid free cash flow generation, compelling dividend yield, and relatively attractive valuations on our 2022 estimates, we believe steel stocks will trade below their intrinsic value as long as steel prices trend downward,” the note stated. “We are downgrading X to UW because we believe the company is still in the early stages of a significant investment cycle, which will dampen FCF generation in the coming years.”

    https://beststocks.com/these-are-the-analysts-best-stock/
    Bullish
  • E
    Edna
    "Reasonable people can disagree about when a zygote becomes a "human life" -- that's a philosophical question. However, regardless of whether or not one believes a fetus is ethically equivalent to an adult, it doesn't obligate a mother to sacrifice her body autonomy for another, innocent or not.

    "Body autonomy is a critical component of the right to privacy protected by the Constitution, as decided in Griswold v. Connecticut (1965), McFall v. Shimp (1978), and of course Roe v. Wade (1973). Consider a scenario where you are a perfect bone marrow match for a child with severe aplastic anemia; no other person on earth is a close enough match to save the child's life, and the child will certainly die without a bone marrow transplant from you. If you decided that you did not want to donate your marrow to save the child, for whatever reason, the state cannot demand the use of any part of your body for something to which you do not consent. It doesn't matter if the procedure required to complete the donation is trivial, or if the rationale for refusing is flimsy and arbitrary, or if the procedure is the only hope the child has to survive, or if the child is a genius or a saint or anything else -- the decision to donate must be voluntary to be constitutional. This right is even extended to a person's body after they die; if they did not voluntarily commit to donate their organs while alive, their organs cannot be harvested after death, regardless of how useless those organs are to the deceased or how many lives they would save.

    "That's the law.

    "Use of a woman's uterus to save a life is no different from use of her bone marrow to save a life -- it must be offered voluntarily. By all means, profess your belief that providing one's uterus to save the child is morally just, and refusing is morally wrong. That is a defensible philosophical position, regardless of who agrees and who disagrees. But legally, it must be the woman's choice to carry out the pregnancy. She may choose to carry the baby to term. She may choose not to. Either decision could be made for all the right reasons, all the wrong reasons, or anything in between. But it must be her choice, and protecting the right of body autonomy means the law is on her side.

    "Supporting that precedent is what being pro-choice means."
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