Morgan Stanley could be your best bet among underperforming financials

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

As financials underperform the market, market watchers point to one name to play for a rebound.

div > div.group > p:first-child"> The sector saw strong gains to start the year, initially outperforming the broader markets. However, the group has stalled over the last week, falling nearly 4 percent, making it one of the worst-performing sectors in that time.

Strategic Wealth Partners' Mark Tepper believes the bull market is in its final innings, and Morgan Stanley has diverse revenue streams that will hold up even if the economy slows. Morgan Stanley has gained just 4 percent this year, underperforming the S&P 500 and the financial sector, which are up 10 and 9 percent respectively.

Like Tepper, Instinet's Frank Cappelleri says that Morgan Stanley is the most attractive financial stock at current levels, although he, too, is not pounding the table on this trade. He notes that the stock has been firmly in a downtrend over the last year, shedding more than 30 percent since its recent high last March.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

These guys suck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
Source: CNBC - 🏆 12. / 72 Read more »

How JP Morgan Chase became the largest bank in the U.S.From the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to the financial crisis, and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century. You never go ATM. -Dante Hicks Lay it on us CNBC, a beautiful slice of History, lay down on Twitter for everyone to see, just a little bit of slice of poetry from you to me That shot was the ‘on your mark’ of what would become “The JP Morgan Chase”.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley CEO James Gorman: A trade deal will not lead to a 'meaningful' rally in stocksDon't expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. A one day 'pop' then, ya better be careful. SHORT SHORT SHORT There have been multiple warnings to get out for weeks...
Source: CNBC - 🏆 12. / 72 Read more »