The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Morgan Stanley: outperforming again?
2021-04-13 • Updated
April 16, 11:30 MT time: Morgan Stanley will report its Q1 earnings of 2021.
The technical layout shows that Morgan Stanley went far beyond after recovering the virus losses. It reached the all-time high of $86 recently and ceded some of the gains. Currently, it trades at around $80 per share. A better-than-thought earnings release would push the stock beyond the all-time high to form a new one. How probable is that?
You can trade Morgan Stanley stock in FBS Trader!
For Q1’2021, the EPS is expected to rise to $2 – a value significantly greater than the expected $1 for Q4’2020. One of the reasons why the expectation is set this high is that with the only exclusion for the first quarter of 2020, Morgan Stanley has been by far outperforming the forecasts. In Q2, the actual EPS was 76.3% better than the expectation, in Q3 – 31.4% better, and in Q4’2020 – 43.1%. Therefore, Morgan Stanly proved to consistently bring a very strong performance to the table of investors in the time as hard as 2020 was.
The data of Q1 should also be strong because that quarter was when the economic recovery really started, and that was officially recognized at the highest circles in the US. That should have brought bullish momentum both to the sales performance of Morgan Stanley in Q1, and to investors who keep this stock.
Finally, currently, we are in a period when investors’ funds leave the hi-tech breakthrough bay of the stock market and flow into traditional value stocks – one of which is Morgan Stanley. Therefore, it should fortify the generally positive outlook for this stock in the short-term and mid-term. For this reason, as long as the data to be provided in the Q1 Earnings Report is better than the market forecast, we are likely to see this stock eventually rise to $86 and beyond.
Similar
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...