Poor IPO-Stock Performance Weighs Further on New-Issue Market

Roughly 87% of companies that went public in the US last year are trading below their offering prices, down more than 49% on average as of Friday’s close, according to Dealogic. By rough comparison, the S&P 500 is down 23% this year, while the tech-heavy Nasdaq Composite has fallen 31%. Shares of insurer Oscar Health … Read more

Europe’s Unfolding Crises Could Impact US Stocks. Here’s How.

US investors are watching the Federal Reserve but the European Central Bank is likely to keep hiking rates to pull down prices, and those moves deserve more attention. Graeme Sloan/Bloomberg Text size US investors are laser-focused on the Federal Reserve, and for good reason. The central bank is about to lift interest rates by another … Read more

Morgan Stanley warns this corner of the credit market could be the first to implode as interest rates rise

Now that Federal Reserve Chairman Jerome Powell has made it abundantly clear that the Fed has no plans to slow the pace of interest-rate hikes, some bond-market experts are warning that the most speculative areas of the credit market might be in for a rude awakening A team at Morgan Stanley MS, -0.74% warned that … Read more

Interest Rates Are Going Up. Thesis 11 Banks Will Benefit.

Text size Bank of America is among the lenders that RBC says are especially well positioned for the current environment. Dominick Reuter/AFP via Getty Images Bank stocks—one of the few immediate beneficiaries of tighter monetary policy—are in focus as policy makers from the Federal Reserve gather for the central bank’s annual Jackson Hole retreat. While … Read more

JPMorgan Says the Stock Rally Has Legs. Morgan Stanley Disagrees

The schism reflects the highly uncertain outlook for the US stock market in the face of strong cross-currents. On the one hand, inflation is showing signs of pulling back from its peak and businesses have been expanding payrolls at a strong pace, both of which bode well for equities. Yet at the same time, Fed … Read more

Morgan Stanley’s Kathy Roeser: Prepping for the Next Bull Market

Morgan Stanley advisor Kathy Roeser has found herself using the word “cloud” quite a bit this year, as in the cloud that’s been hanging over the economy and markets. While acknowledging the gloom, she has been telling clients to look ahead to brighter days. “Something will break, something will happen,” says Roeser, a highly ranked … Read more

Morgan Stanley stock outperforms market on strong trading day

Shares of Morgan Stanley MS, +1.63% rallied 1.63% to $84.30 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.42% rising 1.42% to 4,130.29 and the Dow Jones Industrial Average DJIA, +0.97% rising 0.97% to 32,845.13. This was the stock’s third consecutive day … Read more

Morgan Stanley finds a way to trade the US dollar based on the obscure market’s accuracy on inflation

For much of the past few years, an obscure corner of the financial market has done a better job than professional forecasters with predicting where the US consumer price index report’s annual headline inflation rate will land. Now strategists at Morgan Stanley MS, +0.18% have found a way to trade on that accuracy. They propose … Read more

JP Morgan, Other Banks Are Strong Financially. Why Earnings Do Not Reflect It.

Text size Wells Fargo added $ 8.4 billion to reserves in the second quarter of 2020, released $ 1.6 billion a year later, and added $ 580 million in the most recent quarter. Michael M. Santiago / Getty Images In an already confusing year for banks, second quarter earnings were even more of a head … Read more