Morgan Stanley says these 5 stocks are ways to play the green housing market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Environmentally friendly residential home products may be gaining favor among consumers.

Morgan Stanley said high utility costs and growing consciousness may drive a consumer shift to environmentally friendly products in residential housing — and there's a group of stocks that could benefit. The firm's economists said the U.S. could be nearing an inflection point in the housing cycle if interest rates peak in the second half of this year before giving way to a broader recovery through 2024.

mountain Sunnova and Sunrun's 2023 HVAC company Trane Technologies is one stock can that benefit from the trend of home replacement projects typically including more environmentally friendly options, Sanchez said. Despite concerns that high replacement rates may not continue, she noted opinions from colleagues saying there could be more staying power than expected. Not everyone on Wall Street is optimistic about the climate-conscious company.

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 SG
 

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

Singapore Singapore Latest News, Singapore Singapore Headlines

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

‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaLast year’s plunge in the S&P 500 made uber bear Mike Wilson the most celebrated stock forecaster on Wall Street. It’s a role he has failed to reprise in 2023.
Source: markets - 🏆 324. / 59 Read more »

Top Wall Street analysts are upbeat about these dividend stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including IBM and Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »

38 stocks to buy for strong earnings growth: Morgan StanleyMorgan Stanley: Buy these 38 stocks that will increase their profits during another better-than-feared earnings season
Source: BusinessInsider - 🏆 729. / 51 Read more »

11 stocks that can survive lower inflation: Morgan StanleyMorgan Stanley: Lower inflation has an unusual downside for companies reporting earnings right now, but these 11 stocks will be able to survive and thrive
Source: BusinessInsider - 🏆 729. / 51 Read more »

Morgan Stanley's Slimmon names top tech stocks to buy after earnings seasonMorgan Stanley's Andrew Slimmon said there are reasons to be a 'little cautious' coming out of the busiest week for earnings.
Source: CNBC - 🏆 12. / 72 Read more »