We're locking in profits in a contested stock now that the market is overbought

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Financials समाचार

Morgan Stanley,NASDAQ Composite,S&P 500 Index

The sale comes after our trusted momentum indicator entered into overbought territory.

Shortly after the opening bell, we will be selling 100 shares of Morgan Stanley at roughly $100.85. Following the trade, Jim Cramer's Charitable Trust will own 1,000 shares of MS, decreasing its weighting to 3.06% from 3.35%.

5 — and is only trading about $5 off its highs despite concerns about a full valuation. That's what Wells Fargo analyst Mike Mayo argued on Aug. 1 after he downgraded Morgan Stanley to a sell-equivalent rating when the stock traded at $101. We disagree with the call, in part because the stock's hefty 3.6% dividend yield and buyback provide a floor of support. But we also don't want to completely ignore it. We'll realize a gain of about 11% on stock purchased in 2021.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 12. in İN
 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stock market overbought, experiencing minor selloff: YardeniStock market overbought, experiencing minor selloff: Yardeni
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