Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 14% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link
Read More »Morgan Stanley expects the S&P 500 to plunge another 15%-25% within the next four months — use these 3 top recession-resistant stocks for protection
Morgan Stanley expects the S&P 500 to plunge another 15%-25% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 17% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link
Read More »The stock market has been in free fall since the Fed said ‘pain was coming.’ Morgan Stanley says buckle up for another drop
“Fire and ice” isn’t just a show about dragons and zombies on HBO. It’s been Michael J. Wilson’s vision of the stock market throughout 2022. Wilson, the chief investment officer at Morgan Stanley, has argued that stocks are fighting a toxic combination of economic headwinds—which he calls “fire” and “ice”—that are set to keep equity prices subdued until late 2023. The stock market’s summer rally was cut short last month as investors digested a reaffirmation of the… Source link
Read More »Morgan Stanley Bullish on These 2 Stocks for at Least 40% Upside; Here’s Why
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in… Source link
Read More »Boeing 787 deliveries could mean a $17 billion windfall: Morgan Stanley
Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from the 120 787 airplanes it currently has in inventory waiting for delivery. “This is a major milestone for the business and unlocks another lever of free cash flow generation,” Liwag wrote in a new note to clients, describing the development as a “positive catalyst” for the stock. Liwag predicted that… Source link
Read More »What to expect as Morgan Stanley warns of ‘streaming recession’
Netflix (NFLX) is set to report its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $8.05 billion expected Adj. earnings per share (EPS): $2.99 expected Subscribers: Loss of 2 million users expected The streaming giant’s anticipated loss of 2 million paying users for the second quarter… Source link
Read More »The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too
The stock market is off to one of its worst starts ever this year, with the S&P 500 falling more than 20% year to date. It’s a rout that has left many investors wondering when they will be able to “buy the dip.” Morgan Stanley Wealth Management’s Lisa Shalett says don’t hold your breath. The chief investment officer believes stocks have more room to fall as many companies have yet to change their earnings forecasts after the Federal Reserve’s decision to increase the pace of its… Source link
Read More »Nazem Kadri calls out haters after winning Stanley Cup
When you walk the walk, you earn the right to talk the talk as well. Stanley Cup champion Nazem Kadri took the opportunity to do just that during his postgame on-ice interview following the Avalanche’s 2-1 Game 6 victory to clinch the NHL’s grandest prize. “For everyone that thought I was a liability in the playoffs you can kiss my ass.” Kadri told Sportsnet’s David Amber and Elliotte Friedman. Kadri has infamously been suspended three different times in the playoffs, twice with the… Source link
Read More »Avalanche end Lightning dynasty to win Stanley Cup
The Avalanche are on top of the hockey world after winning the Stanley Cup. (Photo by Bruce Bennett/Getty Images) All dynasties fall. The Colorado Avalanche have ended the Tampa Bay Lightning’s rule atop the NHL world, winning their third Stanley Cup in franchise history and first in 21 years with a 2-1 victory over the defending champions in Game 6 on Sunday night at Amalie Arena. Artturi Lehkonen kept with his theme of scoring in major moments, converting a go-ahead goal and eventual… Source link
Read More »Lightning extend Stanley Cup Final with late winner in Game 5
Ondrej Palat scored the winner in the third period to extend the Stanley Cup Final to a Game 6 in Tampa. (Getty Images) It seems all the Tampa Bay Lightning need is a pulse. With the Stanley Cup in the building and the preparations for a championship celebration arranged, the Lightning spoiled the party on Friday night at Ball Arena, scoring late to defeat the Colorado Avalanche 3-2 in Game 5. It was Ondrej Palat who prolonged the Stanley Cup Final, scoring on an expert dissection of the… Source link
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