Rapid momentum! Morgan Stanley (MS.US) has set a record for consecutive years of revenue in Japan, leaving other foreign banks behind.
Driven by growth in stock and bond trading, Morgan Stanley has announced record revenue in Japan.
DBS initiates coverage on Vintage China with a shareholding rating and a target price of HKD 9.
Morgan Stanley released a research report stating that it has initiated coverage of Baijiu LIDU (06979) with a "shareholding" rating and a target price of HKD 9, making it one of the preferred companies in the industry. Compared with peers, the company is still able to maintain its demand while facing the pressure of destocking in the industry. In the long run, the bank expects that LIDU, with its diversified brand portfolio and well-executed expansion plan, will capture market share. Daiwa Securities predicts that LIDU's average annual compound growth rate of profit from 2023 to 2025 will be 18%, mainly driven by regional and channel expansion and improvement in profit margin through sales leverage.
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Wiz IPO Date Faces Delay After Turning Down Acquisition by Google: Report
Overnight News: The US Department of Justice is considering pushing for Google's split. Nvidia's market cap surged by over $420 billion in four days. US producer prices rose less than expected.
For more global financial news, please visit 7x24-hour real-time financial news market closing: Inflation data boosted expectations of rate cuts, US stocks closed higher, and Nasdaq rose by 2.4%. On August 13th, the top 20 trading volumes of US stocks: Starbucks changed its leadership, and its stock price rose sharply by 24.5%. Popular Chinese concept stocks rose and fell on Tuesday, Taiwan Semiconductor rose by 2.8%, and Tencent Music plunged by more than 15%. WTI crude oil closed lower by more than 2% on Tuesday, major European stock indices closed up. The German DAX30 index rose by 0.48%. Macro Goldman Sachs and JPMorgan models show that the market predicts that the possibility of a US economic recession is increasing. Atlanta Fed President said he may support the federal funds rate in 2.
International headline: Goldman Sachs and JPMorgan's models show an increase in the likelihood of a recession in the US economy forecast. Harris will unveil economic plan details in North Carolina.
The headline news that global financial media focused on last night and this morning mainly included: Goldman Sachs and JPMorgan models showing that the market predicts an increase in the possibility of a recession in the US economy. After the violent market turmoil last week that once caused panic on Wall Street, the financial market raised its expectations for the probability of a recession in the US economy. According to the models of Goldman Sachs and JPMorgan, although the probability of a recession is not high, it has increased significantly compared to previous predictions, mainly due to the trend of US bonds and the performance of stocks that are sensitive to the business cycle. Goldman Sachs said that the stock and bond markets currently expect a 41% probability of a US economic recession, higher than the 29% in April. This adjustment in expectations is due to market speculation.
Morgan Stanley strategist Wilson: There is almost no sign of the stock market entering a bear market.
Morgan Stanley strategist Mike Wilson said that although seasonal factors and uncertain economic growth prospects may limit the market's rise for the remaining time in this quarter, the possibility of a comprehensive stock market crash in the United States is also very low. Wilson accurately predicted the recent downturn in the stock market in July. He said that because traders still have lingering fears after last week's big drop, it is unlikely to see a big collapse. This view is in sharp contrast to Wilson's bold bearish view that has made him famous in recent years. However, he still believes that the S&P 500 index has almost no upside potential and expects the index
If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today
Credit Suisse: Gives Hua Hong Semiconductor a "shareholding" rating, target price lowered to HKD 26.
According to a research report published by Deutsche Bank, it has given a 'shareholding' rating to Hua Hong Semiconductor (01347) and lowered the target price from HKD 28 to HKD 26. The company's second quarter performance met expectations, with revenue of USD 479 million, up 4% quarterly and down 24% YoY. The overall capacity utilization rate reached 98%, significantly better than the first quarter's 92%. Deutsche Bank pointed out that Hua Hong's management shared at the earnings conference that the company's China market revenue contribution reached 81% in the second quarter, which is consistent with the bank's view that Hua Hong benefits from China's semiconductor localization demand. At the same time, the company expects 70% of its revenue to come from the Chinese market in the long term and 30% from the global market.
Morgan Stanley: US stock valuations have not yet reflected the risks of the Federal Reserve being behind the curve.
Morgan Stanley's strategist stated that although the bond market has begun to digest the Fed's 'behind-the-curve' expectations, this risk is not reflected in the current stock market PE. The team led by Michael Wilson stated that investors are most concerned about economic growth issues, not inflation and interest rates. 'The market is looking forward to better economic growth, or more policy support to once again boost optimism. In the short term, we cannot see any definite evidence in any direction, which makes the stock index temporarily fluctuate within a narrow range,' they wrote in a report. They expect the S&P 500 index to
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Credit Suisse: giving fuyao glass a "synchronized with the market" rating, and raising the target price to HK $40.
According to the research report released by Daiwa, Fuyao Glass (03606) is rated 'in sync with the market' considering its better-than-expected performance in Q2 of this year and the strong gross margin outlook brought by its favorable product mix. Its profit forecast for fiscal years 2024 to 2026 has been raised by 3% to 6%, and its target price has been slightly raised from HKD 39 to HKD 40. As the leader in the mainland auto glass market, Fuyao Glass occupies a market share of 65% to 70%, and is expected to benefit from the trend of higher value-added products in the future. The bank believes that the company should upgrade its product structure and expand globally.
Citi to Sell Trust Business Amid Bank's Turnaround Efforts
Wall Street expects the Fed to end its balance sheet reduction this year, but the possibility of slamming the brakes is low.
The end of Fed balance sheet tightening is in sight, but the actual end date depends on the pace of rate cuts and market financing pressures. Policymakers have hinted that they will complete their shareholdings in US debt before the end of the year, and many on Wall Street believe that quantitative tightening is unlikely to end suddenly. However, recent weak economic data and liquidity pressure risks have cast uncertainty on the outlook. "If the Fed intends to stimulate the economy, it may stop shrinking its balance sheet," Bank of America strategists Mark Cabana and Katie Craig wrote in a report to clients on Wednesday. "If the Fed's goal is to normalize monetary policy, shrinking its balance sheet can continue." Increasingly signs point to
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Morgan Stanley Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions