Morgan Stanley's most recent trend suggests a bullish bias. One trading opportunity on Morgan Stanley is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 7.99% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $42.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Morgan Stanley is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Morgan Stanley is bullish.
The RSI indicator is at 70.93 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Morgan Stanley
Goldman Sachs employees to start returning to U.S. offices from June 22
Thu, 11 Jun 2020 01:38:19 +0000
Goldman Sachs Group Inc said on Wednesday it plans to start the return of an initial group of its employees to its offices in New York, Jersey City, Dallas and Salt Lake City from June 22. The Wall Street bank also announced the return of more employees to its London office from June 15 and added that it was expecting to review the process of employees returning to its Bengaluru office towards the end of June. Working from home was made mandatory across many Wall Street firms in March as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
The Federal Reserve’s actions ‘have been one of the main ingredients of recovery’: Parrish Capital
Wed, 10 Jun 2020 20:34:34 +0000
On Wednesday, the Federal Reserve announced that it would be holding rates steady as states push through the initial phases of re-opening. Teddy Parrish of Parrish Capital joins The Final Round to discuss his thoughts on the Federal Reserve and the U.S. economy.
PRESS DIGEST-Financial Times – June 10
Wed, 10 Jun 2020 01:17:21 +0000
Morgan Stanley Chief Executive James Gorman said on Tuesday that the most devastating effects of the coronavirus outbreak had passed for the U.S. economy and labour market. Vodafone Group Plc, the world's second-biggest mobile operator, has warned that Britain's desire to lead the world in 5G technology will face a big blow if it decides to remove China's Huawei Technologies Co Ltd from the country's telecoms infrastructure. Ministers have warned the British motor industry of there being no guarantee of the inclusion of a “scrappage scheme” to boost car sales as part of a post-lockdown stimulus.
Morgan Stanley's Gorman says worst behind, sees smaller reserve build in Q2
Tue, 09 Jun 2020 17:46:58 +0000
Morgan Stanley Chief Executive Officer James Gorman said on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter. “The worst is behind us,” Gorman said regarding the bank's reserve build, while speaking at Morgan Stanley's annual U.S. financials conference. Gorman also said the bank expects to cover its dividend “very easily” this year.
Morgan Stanley Commits $5 Million to NAACP Legal Defense and Education Fund (LDF)
Tue, 09 Jun 2020 16:03:00 +0000
In response to protests across the country and around the world in the wake of the killing of George Floyd, Morgan Stanley has announced a contribution of $5 million to the NAACP Legal Defense and Education Fund (LDF) to support its work in fighting for racial justice and will match the donations of all U.S. employees to the organization.
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