|Bid||44.12 x 2200|
|Ask||44.55 x 1000|
|Day's Range||44.14 - 44.53|
|52 Week Range||36.74 - 54.61|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||9.54|
|Forward Dividend & Yield||1.20 (2.49%)|
|1y Target Est||N/A|
Wall Street Journal tech and auto reporter Tim Higgins said Tesla is in its "awkward teenage years," no longer a startup, but not yet a profitable company. While Morgan Stanley said Tesla stock could drop to as low as $10 a share, Higgins said Tesla still has value in its technological advantage over competitors.
Morgan Stanley, Goldman Sachs and JPMorgan have a vice-like grip on advising top technology companies. and Lyft’s weak initial public offerings, rival banks are hoping for an opportunity for some market disruption. “The quality of deal execution is being called into question more, by both corporates and VCs [venture capital firms],” said David Hermer, head of equity capital markets at Credit Suisse, noting that a “small number of banks have a disproportionate share of leadership roles in technology IPO”.
It has also been amended to reflect that shares of Arabian Centres are due to start trading on Wednesday. It will be the biggest initial public offering since the $6bn listing of lender National Commercial Bank in late 2014.
Morgan Stanley NYSE:MSView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for MS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MS. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MS totaled $12.22 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. MS credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Investing.com - Tesla (NASDAQ:TSLA) stock was fighting to avoid a fifth down day midday Tuesday as it pared losses following a withering sell-side research call.
The S&P; 500 rose 17 points or 0.6% by 9:44 AM ET (13:44 GMT), while the Dow gained 128 points or 0.5% and tech-heavy Nasdaq composite was up 66 points or 0.9%.
At least five people have been affected in equity trading and sales trading in London, including Simon Mardel, Matthew Bubba, Tom Cooper, Robert Bloomer and Neil Taub, said the people, who asked not to be identified because the matter is confidential. Morgan Stanley’s first quarter fixed-income, currency and commodity sales and trading revenue beat estimates, while equities trailed, echoing results from peers Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. The bank is this year’s top lead underwriter of technology initial public offerings, and was involved in bringing Uber Technologies Inc. to market.
Stocks are closing lower on Wall Street Monday as technology stocks suffer steep declines. In the latest turn, the Trump administration is cracking down on Chinese telecom giant Huawei. Companies that supply technology to Huawei fell, with Broadcom and Qualcomm each falling 6%.
It was 2012 and the humiliating stock-market debut of Facebook Inc. was spawning investor losses and lawsuits. For now, Grimes remains the banker to beat in Silicon Valley, with one investor saying the only other competitor that’s comparable is one of Goldman Sachs Group Inc.’s top technology bankers, Ryan Limaye.
JPMorgan's (JPM) deal to acquire InstaMed is in sync with its plan to expand into fast growing U.S. healthcare payments markets and garner significant share.
The retreat sounded by Nomura Holdings Inc. last month marks just the latest Japanese overseas flop, prompting current and former executives, as well as analysts, to question if they can ever make it in international capital markets. “Japan is a manufacturing powerhouse but a financial lightweight,” says David Threadgold, a Keefe, Bruyette & Woods analyst in Tokyo who has followed banks there for more than three decades.
While analysts say the exchange rate is being driven by souring market sentiment as China’s economy slows and the U.S. ramps up tariffs, the slide towards 7 against the dollar comes during crunch trade negotiations. The nation has ample policy tools to cope with fluctuations in the currency market, State Administration of Foreign Exchange head Pan Gongsheng said in an interview with Financial News published on the central bank’s website Sunday.
Morgan Stanley is acquiring a 5.5 per cent stake in French asset manager Tikehau as the Paris-based company looks to tap North American investors and new asset classes. The US bank will invest at least €300m of fresh equity into the asset manager, together with other existing investors in a deal signed last week, people familiar with the transaction said. “New shareholders bring industry and local expertise,” said Mathieu Chabran, co-founder of Tikehau.
The wirehouse will shift from its current practice of billing individual advisory clients on a quarterly basis, saying monthly bills will better align fees with account performance.
Shopify (NASDAQ:SHOP), the money-losing e-commerce software company, remains a stock on fire. As recently as the start of the Trump Administration, this was a $50 stock. Shopify stock opened today above $275 per share.Source: Shopify via FlickrInvestors are valuing a company with $1.07 billion in sales last year, albeit on a pace to do $1.4 billion in 2019, at $30 billion. That's more than Square (NASDAQ:SQ), which had revenue of $3.3 billion last year and, unlike Shopify, is at least narrowing its losses.I have been writing about this bubble for 18 months, ever since Citron Research warned about it. I have warned the bubble is going to pop and other Investorplace writers, like Vince Martin, have written similarly.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs But it keeps going up. Pros Are Warning Against Shopify Stock TooNow even financial pros who make a living moving money (rather than writing about it) are warning people away. Guggenheim's Ken Wong says his bullish case is already priced into Shopify stock and has dropped his rating to neutral. Morgan Stanley (NYSE:MS) analyst Brian Essex has dropped his rating to underweight, noting that less than half of Shopify's revenue comes from subscriptions and SHOP doesn't deserve the multiple it's getting. The Bulls Are WinningThe bulls are ignoring the warning signs, but, more importantly, they're still winning. Shopify shares are up over 80% just in 2019. There are 28 analysts following the stock and more than half still have it on their buy lists .Bulls point to Shopify's latest earnings release, delivered April 30, with its 50% revenue growth year-over-year. Subscription revenue, Essex' concern, was up 40% at $140.5 million. Still not half the total but close.Others pounding the table for the stock call it "built to scale," allowing small businesses to grow without changing their infrastructure.Other bulls point to Shopify Plus, a more-expensive version of the software now being used by packaged-goods companies and celebrities like quarterback Tom Brady.Still other bulls point to the company's "ecosystem," specifically an app store that lets Shopify re-sell third-party modules and take a massive 20-30% cut of the revenue. Take Your MoneyIt's possible these bulls are right. Maybe the software is extremely well written and scalable. Maybe it can boost subscriptions with a higher-priced version. Maybe it can keep getting merchants to buy add-ons.But the hype, and the valuation, has reached 1999 levels. Shopify has never turned an annual profit, and in fact its losses are widening, year by year. There are fewer than 100 million shares of stock outstanding, 6% of which were being shorted at the end of April. It wouldn't take many people heading for the door to make it fall hard.In order to justify its valuation Shopify needs to keep growing at its present 40% rate and (more important) turn a profit. Some analysts are betting that will happen as early as the current quarter, although the "earnings whisper" is for another 30 cent per share loss. The Bottom Line on Shopify StockI was wrong on Shopify in 2017. I was wrong on Shopify in 2018.That doesn't mean I'm wrong on Shopify now.If you've been in SHOP stock, you have a very fat gain, you've made me look foolish, but a profit isn't a profit until you have it in your hands. Until then it's just paper -- or numbers on a screen. It is easy to fall in love with a stock, especially one that has made you a lot of money. * 6 Chinese Stocks That Could Pop On a Trade Deal But no boom lasts forever and when it slows, this stock will bust. I don't know how hard, but it's overvalued right now.Dana Blankenhorn is a financial and technology journalist. He is the author of he 2018 mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post The Shopify Stock Bubble Could Burst at Any Moment appeared first on InvestorPlace.
Morgan Stanley (MS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Uber Shareholders May Be Shorting Lyft as a Hedge By John Jannarone Many Uber shareholders have been forbidden from selling shares until six months after the IPO. That restriction may have given them an extra reason to bet against rival rideshare operator Lyft. Once Lyft shares began their precipitous slide, it was clear to many […]
Whataburger has hired multinational investment bank and financial services company Morgan Stanley (NYSE: MS) to help explore a possible sale, the company confirmed Thursday. In a written statement, Whataburger's corporate communications team told the Business Journal, “Our company is growing and is always attractive to investors, and we’ve brought in Morgan Stanley to help us explore our options. We have always evaluated the opportunities that can accelerate growth and maintain the success of our brand, and we will continue to do so in the future.” Word of a possible sale was reported May 6 by Reuters, which was told by an anonymous source that the locally based fast food chain was considering a sale, including a minority stake sale to a financial investor or private equity firm.
The case against Apple (NASDAQ:AAPL) is reasonably simple. Yes, Apple stock looks reasonably cheap. But given that earnings are potentially at a peak, AAPL shares should be cheap. Not only that, it can still get even cheaper.Source: Shutterstock It's a case I've made for some time now. The iPhone over the past four quarters has generated 58% of total revenue. Yet sales may well have peaked. Per the 10-Q, iPhone revenue already has fallen nearly 16% year-over-year in the first half of fiscal 2019.That's unlikely to change. The U.S. market is saturated, and replacement cycles are extending. Apple is not going to be able to institute the same pricing increases that drove revenue growth in recent years. And as is the case with all consumer hardware, whether it's TVs or PCs, the gap between iPhones and lower-cost Android alternatives inevitably will narrow over time.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe bullish response is that even if iPhone sales drop, its Services business -- including the profitable App Store -- and growth in China can keep earnings stable at worst. With the AAPL stock price only about 15 times FY19 earnings estimates plus its cash hoard, that should be good enough. * 6 Trade War Stocks With a Lot of Risk However, that bull case has taken a clear hit recently. And while Apple stock has moved in response, falling almost 10% since a pop after Q2 earnings, it hasn't moved far enough. Thus, AAPL stock can get a lot cheaper from here. The Services Problem for the Apple Stock PriceThe argument for Apple stock is that the underlying company can pivot from hardware to services. Certainly, management can leverage its enormous installed-user base to accomplish this transition. Wedbush analyst Daniel Ives in a note this week indicated that his firm valued the Services business between $400 billion and $450 billion. Many other investors and analysts see Services as driving the next phase of Apple's growth.To be fair, there are reasons for optimism toward the business. Apple doesn't break out operating margins but they're no doubt enormous. The company takes a piece out of the overall transaction for offerings like iTunes, the App Store, and Apple Music. It does this at little cost.In fact, we know that margins are strong because some of Apple's customers are rebelling. Netflix (NASDAQ:NFLX) cut off in-app subscriptions in an effort to get around the 30% "Apple tax". It hasn't been the only company to look at ways around the App Store.But now, the Services business faces a real risk. The Supreme Court this week allowed a lawsuit against Apple to proceed. That suit alleges that the App Store acts as a monopoly toward Apple users. Because developers raise prices to account for Apple's 30% fees, consumers are theoretically harmed.The suit hasn't been won, and will take years to play out. But Spotify Technology (NYSE:SPOT) has filed a complaint with the European Commission on similar grounds. And other big companies may follow Netflix's lead.Services growth isn't going to stall out instantly. But with analysts like Wedbush assigning a 10x revenue multiple to the business, it's an enormous part of the bull case here. An already tricky situation got even riskier with the Supreme Court decision. China Conflict Weighs on AAPLSuddenly, the recently escalating trade war raises another problem for the Apple stock price. The company is enormously reliant on China for its production. That's even more true given that the hyped entrance of its supplier Foxconn Technology Group into Wisconsin has proven to be something close to a fraud.Wedbush, which has an AAPL stock price target of $240, estimated the impact of the new tariffs. They forecast a hit of 50 cents for earnings per share in a base scenario. That ramps up to $1-plus if Apple can't or won't pass the costs on to consumers. JPMorgan Chase (NYSE:JPM) appears to see a similar effect. Another view sees Morgan Stanley (NYSE:MS) modeling a worst-case scenario hit of $3 per share.But this isn't just a cost problem. Again, Chinese growth is a big part of the bull thesis here. Wedbush noted that roughly 20% of pending upgrades come from Greater China. Chinese state-owned media is unlikely to help the company maintain those sales and neither are Chinese consumers.The problem -- the Q2 report's perhaps most underappreciated aspect -- is that sales in the region already are plunging. Revenue in Greater China fell over 21% year-over-year in Q2. Operating income dropped more than 27%. That comes after a somewhat promising rebound in fiscal 2018. And it undercuts yet another leg of the bull thesis for AAPL stock. Could the AAPL Stock Price Head to $150?In Wedbush's bull model, Services account for over 40% of the valuation of Apple's business. Greater China on the whole accounts for 20% of total operating income.Both aspects of the business have taken a big hit just in recent days. And that comes after a Q1 report that, while initially well-received, didn't seem to help the bull case much to begin with. Indeed, the Apple stock price gave back the post-earnings gains relatively quickly, even before the external news this week. Services revenue was essentially in line with expectations and the drop in China was much greater than modeled.It's hard to see the last two weeks as doing anything other than providing a significant hit to the bull case for AAPL. And while 14x earnings plus cash might seem cheap, it's not cheap if earnings are peaking. Sales performance of iPhones still suggests that's likely at least in the near term. EPS is expected to decline this year even with substantial help from share repurchases.In the long term, China and Services are supposed to drive earnings to new heights. Investors can't ignore the fact that news this week undercuts that thesis. And it in turn suggests a valuation closer to 10x to 12x EPS plus cash. That gets the Apple stock price under $150, and back to December/January lows.Fundamentally, there are real problems here. And if the trade war continues, and Services optimism moderates, the growth narrative starts to crumble. This is a worrisome week for Apple stock, and it could signal more trouble to come.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post More Bad News Could Send the Apple Stock Price Even Lower appeared first on InvestorPlace.