Expect decent consumption growth but investment growth will be stronger: Chetan Ahya, Morgan Stanley

Expect decent consumption growth but investment growth will be stronger: Chetan Ahya, Morgan Stanley

Chetan Ahya, Chief Asia Economist, Morgan Stanley, says that “during 2003-2007, we had seen the investment to GDP ratio go up from the trough of around 28% to the peak of 39% by CY2007. In this cycle, something similar is happening. Investment to GDP is troughing at 29% in 2020 and 12 months ended March … Read more

Nvidia’s stock market value on verge of overtaking Amazon

Nvidia’s stock market value on verge of overtaking Amazon

Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 trillion as of mid-day trading … Read more

Morgan Stanley banker who lifted hedge funds from ‘kiddie table’ with stock tips

Morgan Stanley banker who lifted hedge funds from ‘kiddie table’ with stock tips

For years, hedge funds knew that one man at Morgan Stanley could make them millions. A big block of shares would come up for sale, and block-trading head Pawan Passi would tip off the funds. One even told Passi he had put that investor “in the game” (adding a colorful modifier) and that the investor … Read more

Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers

Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers

Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred … Read more

Goldman Sachs, Morgan Stanley diverge on Fed rate-cut forecasts

Goldman Sachs, Morgan Stanley diverge on Fed rate-cut forecasts

Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates in June 2024, then again in September and every meeting from the fourth quarter onward, … Read more

Tesla got an $80 billion boost from analyst call. Not everyone buys it

Tesla got an $80 billion boost from analyst call. Not everyone buys it

This may sound familiar: Morgan Stanley analyst Adam Jonas makes an extraordinarily bullish call on the future of Tesla Inc. and the shares go on a wild binge. It happened in 2015, and it’s happening again this week. The problem is investors fear we’re seeing a replay — because after eight years Jonas’ last call … Read more

India’s future like China’s past: Why Morgan Stanley changed its pecking order in Asia

India’s future like China’s past: Why Morgan Stanley changed its pecking order in Asia

Global investment banking firm Morgan Stanley, which has downgraded China while upgrading India in its list of emerging markets in Asia, is of the opinion that India’s future looks to a significant extent like China’s past. Pointing out that India’s GDP per capita is only $2,500 per capita vs $12,700 for China and positive demographic … Read more

UBS has no desire to buy Credit Suisse, chairman tells newspaper

UBS has no desire to buy Credit Suisse, chairman tells newspaper

UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy his … Read more

Morgan Stanley raises targets on PSU banks

Morgan Stanley raises targets on PSU banks

Morgan Stanley has raised its price targets on , Bank of Baroda, PNB and Canara Bank as it expects the sustained cyclical recovery to percolate to state-owned banks other than as well. The brokerage said it sees potential for higher stock returns in Bank of India and BoB. “Although we think SBI remains the best … Read more