As financials underperform the market, market watchers point to one name to play for a rebound.
div > div.group > p:first-child"> The sector saw strong gains to start the year, initially outperforming the broader markets. However, the group has stalled over the last week, falling nearly 4 percent, making it one of the worst-performing sectors in that time.
Strategic Wealth Partners' Mark Tepper believes the bull market is in its final innings, and Morgan Stanley has diverse revenue streams that will hold up even if the economy slows. Morgan Stanley has gained just 4 percent this year, underperforming the S&P 500 and the financial sector, which are up 10 and 9 percent respectively.
Like Tepper, Instinet's Frank Cappelleri says that Morgan Stanley is the most attractive financial stock at current levels, although he, too, is not pounding the table on this trade. He notes that the stock has been firmly in a downtrend over the last year, shedding more than 30 percent since its recent high last March.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.
Read more »
More women held seats on boards last year — but progress has slowed, JP Morgan saysFemale participation on corporate boards across the world improved last year, but more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance.
Read more »
Disney's streaming service will rival Netflix with 160 million subscribers, JP Morgan saysDisney's global popularity and its vast content library spell increased competition for Netflix, according to J.P. Morgan.
Read more »
Captain Morgan wants England to curb attacking instinctReining in their 'natural' attacking instincts when required can help ...
Read more »
How JP Morgan Chase became the largest bank in the U.S.From the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to the financial crisis, and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century.
Read more »
JP Morgan says China's slowing growth is 'entirely natural'Alexander Treves of J.P. Morgan Asset Management says the China slowdown is 'entirely natural,' and the quality of the growth is more important to investors.
Read more »
Morgan has a new car and new ownersA storied British carmaker is being sold to an Italian investment firm. Morgan Motor Company said Tuesday the deal would help it hire more workers and expand its operations. The company also unveiled a new supercharged roadster -- the Plus Six.
Read more »
Morgan Stanley CEO James Gorman: A trade deal will not lead to a 'meaningful' rally in stocksDon't expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday.
Read more »
Morgan Stanley says automakers want to sell cars like Tesla does but can't: 'It's against the law'Tesla's announcement last week that it is moving sales fully online 'is a major event in U.S. auto retailing,' Morgan Stanley analyst Adam Jonas said in a note to investors on Tuesday.
Read more »