Morgan Stanley says deal-making is returning to Wall Street and gives best stocks to play trend

Morgan Stanley sees a comeback in Wall Street deals underway — and expects some financial stocks to reap the benefits. Analyst Andrei Stadnik pointed to the fact that completed mergers and acquisitions are up 16% in the second quarter compared with the same period a year prior. That bodes well for a variety of asset managers, banks and advisors that benefit from a landscape with more dealmaking, Stadnik said.

Here are some of his ideas: Within asset managers, Stadnik called Blackstone an "under-appreciated" beneficiary of a better backdrop for the macroeconomy and capital markets. Morgan Stanley's wealth division added a position in the stock to its global dividend model this week, noting it offers "exposure to a best-in-class private market franchise at an attractive valuation.

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Morgan Stanley says memory stocks are set for 'new highs' and names its top picksMorgan Stanley analysts say they are expecting the computer memory sector to hit new highs over the rest of 2024, despite investors 'generally' not being comfortable buying such stocks at such lofty prices.
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