|Bid||41.30 x 800|
|Ask||41.86 x 800|
|Day's Range||40.91 - 41.93|
|52 Week Range||36.74 - 55.64|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||8.72|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.20 (2.88%)|
|1y Target Est||52.07|
The consensus is that since the 2008 financial disaster, banks are now fortress stocks. But they have failed to live up to the hype so far. Even though they are cheap, Wall Street believes that they can't rally. So I have put their stocks in the penalty box until the negative narrative dies. After all I don't want to fight the proverbial tape.Source: Shutterstock Last week was bad for the stock market but that's almost expected given the rally we've had since the beginning of 2019 and since the last dip on March 8. This time, what scared the markets last week was the flattening yield curve.That is why the banks got shellacked especially hard last week, much more so than the indices. In fact, the Invesco QQQ Trust (NASDAQ:QQQ) stayed positive for the week. The small caps were hit hard but for the major indices, the price action from last week does not change the general direction of the markets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe financials were badly hurt because of the dovish tone from the last U.S. Federal Reserve statement. Suddenly we now have confirmation that the Fed will not raise rates this year and only once for 2020. This put tremendous pressure on the 10-year yield.In theory, a low rate environment is good for stocks. It spurs more, borrowing which brings more growth. But here we have the risk of a flattening yield, which is close to inverting the 10-year against the two-year yields. This is a potential problem for banks. * 10 Tech Stocks With Key Products That Face an Uncertain Future They borrow short term to lend it long term. So if the yield curve inverts, then banks would lose money if they borrow short and lend long. So this would severely crimp economic expansion because money centers would stop lending.The experts in the field say that this would likely bring about a recession within 12 to 18 months. I am sure that the statistics are not as black and white as they say, but for now, the perception is truth until investors shake it off.In other words, this too shall pass but meanwhile, bank stocks remain in the penalty box. Even when they rally, you hear experts say that banks cannot hold their greens so it is futile to fight the tape.This is not just perception, it is reality. While the S&P 500 is up 11% year-to-date, Morgan Stanley (NYSE:MS) is only up 5% for the same period. And this is the one that Wall Street considers the best of the money centers. In general, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) is only up 6% this year so they trade in unison.Luckily, all experts also agree that the banks are cheap. Most of them trade at book value and some like Goldman Sachs (NYSE:GS) are even priced for less than its liquidation value. Obviously investors are worried about the future profit and loss statements of these healthy companies.So how can investors handle something like Morgan Stanley stock now? Those who are in it for the long haul should stick it out and not fret the short-term dips. Over time, the environment will change to where MS will rally off its current depressed value state. After all, Morgan Stanley stock has the overall support of its cheap valuation. * 7 Consumer Discretionary Stocks to Buy Now Technically, MS stock had failed at $45 per share once in January and then last week, when it showed so much promise. But it's no coincidence that it happened.Pivot points on a chart are areas of contention. They are resistance on the way up and support on the way down. The area around $45 has been pivotal for over a decade. So Morgan Stanley stock now has to deal with it as a roof until it's broken down.Meanwhile, the upside opportunity here is slim. There is no imminent breakout situation where investors can buy and hold a few weeks to profit. At this point, unless investors plan on holding MS stock for the long term, I don't see it as an upside swing trading opportunity.But since there is value below, I could sell puts into the end of 2019. This would put me long MS, but from a much lower price point. If MS holds the December lows, I would generate income while I wait for banks to fall back into favor. Otherwise, and until resistance is taken out, I don't chase the rallies.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Morgan Stanley Stock Is Under Heavy Pressure Today appeared first on InvestorPlace.
Morgan Stanley: ‘Get Defensive’ on Inverted Yield CurvePotential slowdownAs reported by CNBC, Morgan Stanley (MS) equity strategist Michael Wilson said that investors should “remain defensively positioned,” as last week’s yield curve
Lyft’s revenue is exploding, but so is its net loss. Like many IPO candidates the San Francisco-based company has never turned a profit. Under the potential risk factors listed in its filing with the Securities and Exchanges Commission, Lyft warns that its expenses are likely to increase and that it may not be able to “achieve or maintain profitability in the future.” As executives and advisers hit the road to market shares to possible investors in the next few weeks, they’re likely to be pitching to a group that’s no stranger to money-losing tech listings.
Analysts Lower Target Price on FedEx after Its 2019 Outlook CutAnalysts lower target priceMost analysts reduced their target prices on FedEx (FDX) after the delivery giant trimmed its fiscal 2019 earnings outlook for the second time in three
Faced with a declining reserve base and a government mandate to increase domestic production, PetroChina went on a spending splurge last year. Its 256 billion yuan ($38 billion) in capital expenditures in 2018 was more than was spent by BP Plc, Chevron Corp. and ConocoPhillips put together. In reporting annual results Thursday, PetroChina announced plans to further raise the total to 301 billion yuan this year, or $45 billion.
Ominous economic data from the U.S. Friday caused investors fear over the long-term prospects of the economy, pressuring the country's large-cap bank stocks. Now, the U.S. 3-month and 10-year yields have inverted, with the 10 year hitting 2.429% and the three month hitting 2.455%, as the S&P 500 and Dow Jones Industrial Average have both lost more than 1% Friday. Banks, which derive much of their profit through their net interest margins, or the difference between their borrowing and lending rates, are seeing their stocks fall Friday, as the inverted yield curve makes lending less lucrative and less attractive.
Dancing with a fairly significant stumble after losing ground on Tuesday and Wednesday, the bulls opted to renew their bullishness on Thursday. The S&P 500 gained 1.09% in yesterday's action, leading the index to its best close since early October.Apple (NASDAQ:AAPL) offered the biggest helping hand, gaining 3.7% as investors wade in before Monday's event that will unveil its new on-demand video platform. Micron Technology (NASDAQ:MU) actually logged the bigger gain, however, advancing nearly 10% after posting second-quarter numbers that hinted at a turnaround taking shape in the second half of the year.They weren't all winners though. Biogen (NASDAQ:BIIB) plunged nearly 30% after the biopharma company decided to cancel the development of Alzheimer's drug aducanumab due to its ineffectiveness.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those names are well suited for speculation as Friday's trading action kicks off, however. Rather, it's the stock charts of Morgan Stanley (NYSE:MS), Lowe's Companies (NYSE:LOW) and AT&T (NYSE:T) that hold the most promise, as each is only on the cusp of moving past catalytic levels. Morgan Stanley (MS)This week has been an especially tough one for banking and finance stocks. News that the Federal Reserve was going to put the brakes on its rate-hike plans upended these names, as the higher interest rates on the radar had led investors to believe bank earnings would also grow. Now they're not going to. * 10 Stocks on the Rise Heading Into the Second Quarter Curiously though, Morgan Stanley shares bounced on Thursday while most other financial names continued to lose ground. In context though, not only does the rebound make sense, it sets the stage for a major breakout thrust. Click to Enlarge • The big line in the sand now is around $45, plotted in yellow on the daily chart. That's where Morgan Stanley topped out the last two times it peaked.• MS shares have also already made their way above the upper edge of a falling trading range that has guided shares lower since early 2018.• Yesterday's reversal took shape right as the purple 50-day and gray 100-day moving average lines were revisited. This is the ideal spot to stage rekindled bullishness. Lowe's Companies (LOW)It has likely got more to do with the perceived rebound of the home-construction market and an encouraging outlook for remodeling spending this year. But whatever the reason, Lowe's Companies shares have largely confirmed that the uptrend put into motions in January is the real deal. Click to Enlarge • In December and January, the white 200-day moving average line acted as resistance. Once it was clearly in February though, it turned into support that prodded the current surge.• We're also nearing a so-called golden cross, where the purple 50-day moving average line moves above the 200-day average. This is often a sign of the beginning of a big bullish move.• Zooming out to a daily chart of LOW, we can see the path is cleared for a move to the $125 area, where the upper boundary of the trading range in place since late 2017 awaits. AT&T (T)The past two and a half years have been miserable ones for AT&T shareholders. From a peak near $43 in late 2016 to a low of less than $27 in December of last year, this blue chip has been very un-blue-chip-like. It's not like the past few weeks have offered any decisive hints that things are finally on the mend.There are a handful of very subtle but very telling clues, however, that point to real bullishness ahead if T shares can work past one important technical ceiling. Click to Enlarge • That ceiling is right around $31.40, where the stock peaked a couple of different times this year, and where the white 200-day line waits. The 200-day line has been a big problem for AT&T for a few months now.• Backing out to a weekly chart we can see T shares have already made a move above the falling resistance line -- plotted in yellow -- that's been guiding it lower since early 2018.• Still, this is a stock that has given us bullish headfakes before.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 3 Big Stock Charts for Friday: AT&T, Morgan Stanley and Lowe's Companies appeared first on InvestorPlace.
Morgan Stanley was ranked as the top adviser to companies targeted by activist investors publicly for the third straight year in 2018 while Goldman Sachs vaulted past two competitors to the number No. 2 spot, according to Refinitiv data published on Thursday. In 2018, Morgan Stanley advised on 22 campaigns, working with Akamai Technologies, SandRidge Energy and Cigna when those companies faced pressure from prominent agitators such as Elliott Management and Carl Icahn, the data showed.
Shares of Apple (AAPL) climbed over 3.4% in morning trading Thursday as buzz builds regarding the highly anticipated unveiling of its new streaming video service that hopes to challenge Amazon Prime (AMZN), Netflix (NFLX), and Disney (DIS). The climb is part of a larger 2019 comeback, which begs the question is now the time to buy Apple stock?
Williams (WMB) creates a $3.8-billion partnership with Canada Pension Plan Investment Board in the western Marcellus and Utica basins.
Investing.com - Micron surged on Thursday, helping semiconductor stocks add to their swashbuckling gains so far this year after the chipmaker reported earnings that beat estimates.
Morgan Stanley brought in the most revenue from commodities of any of the major investment banks in 2018, data from analytics firm Coalition showed on Thursday. The bank beat rival JPMorgan into second place and Citibank and Goldman Sachs into joint third in Coalition's ranking of the twelve largest global investment banks' commodities businesses. The score caps a rapid rise for Morgan Stanley, which in the 2017 rankings tied for first place with JPMorgan and before that had not been inside the top three since 2014, when it placed third.
Morgan Stanley (MS) today announced the launch of the 11th annual U.S. Strategy Challenge, the Firm’s signature pro bono volunteer program. The Strategy Challenge is in its sixth year in London. Over the next 10 weeks, teams of Morgan Stanley employees in New York and London will work with leadership teams at 14 nonprofit organizations to provide strategic recommendations to address their mission-critical challenges.
Shares of Bank of America, Goldman Sachs, JPMorgan Chase and other big banks are on fire. Here are several surprising reasons why.
A Fed that stays patient, while Chairman Jerome Powell voices bullish thoughts on the U.S. economy, as he did during an interview earlier this month with "60 Minutes," might be a good outcome for bank stocks. Fears about whether financial stocks can keep rallying despite lower rates might also be soothed by an observation made by Nomura Instinet technical analyst Frank Cappelleri.
Morgan Stanley NYSE:MSView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for MS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MS. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding MS is favorable, with net inflows of $16.12 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. MS credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
FinTech platform iCapital will become the feeder fund-service provider for the wealth-management alternative investments group of Morgan Stanley (MS).
Editor's Note: This article was previously published in January 2019. It has been updated and republished.I recently attended a meeting of startup founders who pitched their companies. Interestingly enough, many of them touted artificial intelligence.Yes, this technology has quickly become red hot. After all, the market opportunity is massive. Gartner estimates that spending will grow at an average compound annual rate of 18% to $383.5 billion by 2020.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet AI is not easy to develop. There needs to be access to huge amounts of data, so as to find patterns. What's more, AI requires top-notch data scientists. As should be no surprise, this kind of talent is in short supply nowadays.Because of all this, when it comes to finding artificial intelligence stocks, they are usually larger companies. * 7 Small-Cap Stocks That Make the Grade OK then, which names are positioned to benefit? Well, let's take a look at five that stand out:Source: Shutterstock Alphabet (GOOG)Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google CEO, Sundar Pichai, refers to the company as "AI first." And this is certainly not hype. AI has become pervasive across the product line, such as with Gmail, YouTube, Maps, Photos, Google Cloud and so on. The company has also developed its own assistant, which connects with more than 5,000 devices in the home.Google has been creating industry standards for AI as well, primarily through its own language called TensorFlow. Just some of the companies that use it include Uber, eBay (NASDAQ:EBAY) and Coca-Cola (NYSE:KO).Something else: Google is a top player in autonomous vehicles. The company's Waymo unit could be worth as much as $175 billion, according to analysts at Morgan Stanley.Finally, the valuation of GOOG stock is at reasonable levels, with the forward price-to-earnings ratio is 27X, which is in-line with other mega tech operators like Microsoft (NASDAQ:MSFT). This puts it at the top of the heap among artificial intelligence stocks.Source: Nvidia Nvidia (NVDA)Nvidia (NASDAQ:NVDA) is the pioneer of GPUs (Graphics Processing Units), which are chips that process large amounts of data cost-effectively. The technology was initially focused on the gaming market.But NVDA realized that GPUs were also ideal for AI. To this end, the company has leveraged these systems into areas like datacenters and autonomous vehicles.No doubt, it has been a very good move. Consider that NVDA has been on a strong growth ramp before flattening a bit at the end of its fiscal year. In the latest quarter, revenues dropped by 24% to $2.21 billion year over year, but finished the year up with 21% growth to $11.72 billion.It's true that the valuation of NVDA stock is far from cheap, with the forward price-to-earnings ratio at 24x. But then again, a premium is to be expected for a company that is a leader in a massive industry. * 15 Stocks That May Be Hurt by This Year's Big IPOs For example, earlier this year Evercore ISI analyst C.J. Muse boosted the price target on NVDA stock to $400, which implies 41% upside. In his report, he noted that the company's technology is "becoming the standard AI platform."Source: Shutterstock IBM (IBM)AI is nothing new for IBM (NYSE:IBM). The company has been developing this type of technology for many years. For example, back in 1985, it developed its AI computer called Deep Blue. It would actually beat chess world champion Garry Kasparov in 1996. Then in 2011, IBM created Watson to take on the best players on the quiz show Jeopardy!. The computer won.Now, IBM has definitely had its troubles. But the investments in AI and other cutting-edge technologies have been making a difference. Note that during the trailing 12 months, IBM's Strategic Imperatives, which include cloud computing, security, analytics, Big Data and mobile, generated $39 billion, or about 48% of total revenues. This has helped improve the growth rate of the overall business.IBM stock also has an attractive dividend, which is at 4.49%. This is one of the highest in the tech industry. Oh, and the valuation is reasonable as well. Consider that the forward price-to-earnings ratio is only 9.88x.Source: Shutterstock Yext (YEXT)Yext (NYSE:YEXT) has been among the most exciting Artificial Intelligence stocks. The reason: the company is a top data provider, with integrations of over 150 services from operators like Google, Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Microsoft, Facebook (NASDAQ:FB) and Tencent (OTCMKTS:TCEHY). Yext has also added context and intent to all this, which allows for more accurate real-time searches.On the latest earnings call, CEO Howard Lerman noted: "Today, we manage more than 185 million facts about our customers in our platform, providing brand-verified answers in services like Google, Siri, Alexa and WeChat to consumers looking for information verified by the source of truth.." * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Growth has been strong. In the latest quarter, revenues shot up by 33% to $63.8 million. The company has also been getting much traction with enterprise customers. Note that the quarter saw nearly 130 new logos.Source: Simone.Brunozzi Via Flickr Baidu (BIDU)When it comes to the search business, Baidu (NASDAQ:BIDU) remains the king in China. Over the years, the company has transitioned to mobile, which has been critical. But BIDU has also invested heavily in becoming one of the serious artificial intelligence stocks. This has helped with personalizing the search experience as well as improving the impact of online ads.But AI has done more than just bolster BIDU's own platform. The company has created several platforms for third parties. One is DuerOS, which has an installed base of 100 million devices and processes over 400 million queries a month. Then there is Apollo. It is an AI system for autonomous vehicles. Recently, BIDU used this with King Long Motors to launch the first fully self-driving L4 minibus.The AI efforts have been paying off. In the latest quarter, revenues jumped by 27% to $4.1 billion and the adjusted EBITDA came to $988 million -- or about 24% of total revenues. Yes, BIDU has a highly scalable business model.BIDU stock has taken a hit over the past year, down 32%. Keep in mind that Chinese stocks have been in the bear phase and that there are concerns about the U.S. trade tensions. But for investors looking for a play on AI in China, BIDU stock does look attractive at these levels.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 5 Artificial Intelligence Stocks to Consider appeared first on InvestorPlace.
It wasn't pretty, or easy, but the market managed to log another victory on Friday -- the fourth winning day of the past five. The S&P 500's close of 2,822.48 was the index's best close since early November, yet the budding uptrend remains far from rock-solid.Qualcomm (NASDAQ:QCOM) led the way with its 2.2% advance, mostly in response to reports that it won a relatively important patent-infringement court case against Apple (NASDAQ:AAPL). Though more are still pending, it was perceived as a good step. Leap Therapeutics (NASDAQ:LPTX) logged one of the day's biggest gains among major names, however, up 21.6% during regular-hours trading and adding another 12% in Friday's after-hours action for reasons most investors have yet to figure out.At the other end of the spectrum, Tesla (NASDAQ:TSLA) fell a little more than 5% after watchers were ho-hum about Thursday's evening's unveiling of the new Model Y.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone make for particularly great trading prospects of the new trading week. Rather, it's the stock charts of Kimberly Clark (NYSE:KMB), Morgan Stanley (NYSE:MS) and Applied Materials (NASDAQ:AMAT) that merit the closest technical look to kick off the new trading week. Applied Materials (AMAT)Applied Materials broke out of a downtrend several weeks ago, as first suggested was possible in late November. The effort got off to a great start too, up until AMAT stock bumped into resistance at its 200-day moving average line, plotted in white on both stock charts. * 15 Stocks That May Be Hurt by This Year's Big IPOs That hurdle was cleared on Friday though. There's one more ceiling to clear, but the undertow is pointed in the right direction. Click to Enlarge • The remaining hurdle is the early February peak around $41.30, plotted with a red dashed line on both stock charts.• The current uptrend was kicked off with the ideal prompt … support and a push up and off of the purple 50-day moving average line (highlighted).• We've seen several accumulation days since January, or high-volume gains that indicate there are plenty of would-be buyers willing to feed the rally effort.• If the $41.30 ceiling can be cleared, the next major ceiling is the late-2017/early-2018 resistance around $59, plotted with a yellow-dashed line. Kimberly Clark (KMB)In late February Kimberly Clark was pegged as a breakout candidate. Shares had just broken out of a long-term converging wedge pattern by breaking above the upper boundary of a shrinking trading range.That effort actually petered out soon thereafter. But, the potential never really went away. With a small pullback and the reversal at the exact right place, that effort has been rekindled bigger and better than it was three weeks ago. Click to Enlarge • The breakout above technical resistance is clear on both stock charts. That ceiling is plotted with a white dashed line, and has now been hurdled twice.• The lull in late February and early March was the perfect pullback and regroup. All it took was a brush of the purple 50-day moving average line (highlighted) to supply the rally's second wind.• The next most plausible target is currently around $126, where the resistance line that's tagged the peaks from 2016 and 2017 awaits. That resistance marked with a yellow dashed line. Morgan Stanley (MS)Most interested investors respect the 1.5% gain Morgan Stanley made on Friday, and the 4.7% advance it booked for the week. That's more than the broad market mustered.There's far more to Friday's action than readily meets the eye, however. With that small move, MS made a big dent in a ceiling that had been guiding it lower for months now. Better still, it did so on higher volume, suggesting there's a swath of potential buyers waiting in the wings. Click to Enlarge • The technical resistance in question is the 100-day moving average line, plotted in gray on both stock charts. Despite several attempts, this is the first successful cross above it since the middle of last year.• On the weekly chart, we've got a bullish MACD cross and a Chaikin line that's above zero, confirming the undertow is bullish.• If the breakout thrust gets traction, the line to watch as a potential technical ceiling is the white 200-day moving average line, currently at $45.62.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Big Stock Charts for Monday: Morgan Stanley, Applied Materials and Kimberly Clark appeared first on InvestorPlace.