Brian Harbour, Equity Analyst at Morgan Stanley, provided his expert insights on the recently released earnings reports from McDonald’s and Starbucks. Harbour highlighted key financial metrics, performance indicators, and market trends that investors should consider.
Tesla CEO Elon Musk’s recent visit to China to address obstacles hindering its Full Self-Driving (FSD) technology highlights his unwavering commitment to the company despite recent challenges, according to Adam Jonas, Morgan Stanley’s head of U.S. auto research. Jonas emphasizes that Musk’s presence in China transcends the pursuit of regulatory approvals and signifies his renewed focus on Tesla. Investors interpreted Musk’s visit and meeting with Premier Li Qiang as a positive sign, boosting Tesla’s stock by 14.4%. Jonas reiterates an overweight rating on Tesla shares with a $310 per share target, indicating substantial upside potential.
Morgan Stanley (MS) is on a roll, extending its winning streak to seven sessions on the back of strong quarterly earnings and rumors of potential restructuring. The financial giant’s stock has climbed 6.67% in the past six trading days, including a notable 2.47% jump on April 16 following the release of its Q1 results. MS is trading near its 52-week high, surpassing its 20-day and 200-day simple moving averages. Analysts and investors are bullish on Morgan Stanley’s prospects, citing factors such as rising investment banking activity, wealth management revenue, and expected growth in IPOs and M&As.
Morgan Stanley has upgraded Sea Ltd. (NYSE: SE) to Overweight from Equal-Weight, while also raising the price target to $70 from the previous $65. The revised outlook is attributed to a more favorable risk-reward balance, driven by positive developments in the company’s e-commerce arm, Shopee. Morgan Stanley has expressed a higher level of confidence in its earnings forecasts for Sea Ltd, which are above consensus for the years 2024 and 2025.
James Lord, Morgan Stanley’s head of FX and emerging market strategy, joined ‘Money Movers’ to provide insights on the evolving financial landscape. He highlighted potential challengers to the dominance of the U.S. dollar and the growing significance of bond auctions in shaping market dynamics.
