News Formal

‘The gift that keeps on giving’: Morgan Stanley likes the memory sector and picks its top stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Morgan Stanley reveals its 'top picks' and 'preferred plays' in the memory chip sector.

The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector. Calling it "the gift that keeps on giving," the investment bank notes that the sector's "pricing power is now among the best in tech, and still in early recovery stage." "We expect a significant margin recovery with supply discipline maintained," Morgan Stanley's analysts led by Shawn Kim wrote in a Nov. 2 note.

Even so, Morgan Stanley says that the recovery in the memory sector is just starting and is still "front-running a lot of good things that are supposed to happen much later." Top pick and buy-rated stocks The optimistic outlook for the memory sector spells good news for a raft of stocks in Asia.

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Morgan Stanley insists this is just another bear market rallyMorgan Stanley insists this is just another bear market rally
Source: Investingcom - 🏆 450. / 53 Read more »

Morgan Stanley strategist Wilson says this is just a bear market rallyThe recent uptick in stocks could be short-lived as technical and fundamental support are still absent, Wilson said.
Source: CNBC - 🏆 12. / 72 Read more »