| Prev Close | 76.47 |
| Day Low/High | 74.15 / 75.57 |
| 52 Wk Low/High | 27.20 / 77.17 |
Morgan Stanley (MS)
75.24
NYSE
| Exchange | NYSE |
| Shares Outstanding | 1809.20B |
| Market Cap | 138.35B |
| P/E Ratio | 12.76 |
| Div & Yield | N.A. (N.A) |
The Case for Bank Stocks Remains Strong and Intact
* Bank stocks, viewed as intermediate term investments, are now uncommonly cheap * My June 5 expectation for "backing and filling" in the group has been realized * This week's EPS reports could mark the industry's nadir in operating fundamentals * G...
We'll Be Checking on These Corporate Earnings Next Week
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...
AMC Goes Higher on Sale Chatter: Welcome to the Arms Race of Entertainment
Shares of AMC Networks are moving higher amid reports the company has hired Morgan Stanley to explore a sale... Several diaries ago, I speculated something like this could happen, as part of the content arms race we are seeing. My thought at the ti...
Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon
Plus, a closer look at Thursday's late-day rally and at actions impacting the nation's big banks.
Today's Trades
This morning I moved from small net long to between small and medium net short in exposure: * I have covered my short calls. * I have moved my long to large. * I have initiated an short. * I have added to my individual stock shorts: 1. Added to and ...
The Long and the Short of It
* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure To summarize some my recent activity: * I took off numerous investment longs (for profits) into the rally -- including , , ...
Why the Markets Could Be Vulnerable
* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...
A Midday Market Review
With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...
It May Be Time for Financials to Consolidate a Bit Now
* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...
China Gloats Over U.S. Chaos But Faces Curbs on Access to Capitalism
Scrutiny of overseas listings and corporate purchases by Chinese companies is set to intensify.
Kass: 1968 Redux?
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
2020 Is Looking a Lot Like 1968, Without the Good Music
We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...
My Tactical Approach and Current Positioning
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
'Risk-On' Market, Volatility and Valuation, Trading Thoughts
Watching Moderna, Microsoft and FedEx as risk continues to be a central market theme, despite Monday's rally.
The Overarching Level of Uncertainty Combines With Shifting and Worrisome Paradigm Shifts
* Big picture changes loom on the investment horizon * Many of these paradigm shifts are disruptive and market unfriendly * There will be some industry winners (healthcare/biotech, internet, packaged foods) but many industry losers (hotels, airlines...
Buffett's Doubts May Have Killed the V-Shaped Recovery
Not only did Buffett completely dump his position in airlines but he noted that he was unable to find attractive ways to put his huge cash holdings to work.
Wrapping Up a Busy Week
Thanks for reading my Diary today and all week. It's been a long five days and I am going to sign off early. This has been a difficult period for many and I have tried to unemotionally explain how I am navigating and coping with the markets (and lif...
Covering My SPY Short
* As the expanding delta in my large SPY put took me to a too large net short exposure * Let me explain... At 1:30 pm the major indices are basically at their lows with the S&P Index -88 handles. The declines in individual stocks from only yesterday...
Good Sales
Good (full) sales in , , , , and yesterday. For more, see my opener from this morning.
A Time to Plant And a Time to Pluck Up That Which Is Planted
* Mission accomplished? Sell in May and go away! * In scope and duration, stocks have rallied in a manner rarely seen in history * Month-to-date April has been the best month for equities since 1974 * The S&P Index has climbed by +31.4% since the M...
Let's Go Trend Spotting
Intraday trends -- relentless trends -- are becoming the name of the game, so let's focus on the rotation from Nasdaq names into the Russell 2000 and financials.
A Confused Market Deals With Another Gap-Up Open
Our job is to try to embrace the price action as best we can even if we don't see the logic behind it.
Jim Cramer: Here Are Amazon's 'Risks,' in Black and White
Here's why an article on Amazon allows you to buy ahead of the quarter, and how you can approach other companies reporting this week.
Jim Cramer: No Wonder the Banks Have Been Hit So Hard
From the looks of the stocks of the banks, many of which reported excellent quarters, this group is in real trouble.
Assessing the Economic Damage Continues as Hope of Reopening the Economy Builds
There will be some long-lasting changes in behavior that will impact the economy in many ways as it recovers.
Divining Earnings, Stunning Rebound, Trading Amazon
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
My, How Quickly We Change Our Views
The banks are changing their stance, so let's see what the indicators say.
New Buy (and Short) Levels
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...
Following Up on the Last Two 'Trades of the Week'
* And on two other recent buys... On weakness over the last few weeks I moved to large Disney and Goldman Sachs : * March 30th Trade of the Week: DIS $93 (now $104) * March 23rd Trade of the Week: GS $134 (now $168) Nothing this week on The Trade of...
Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt
It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.
