Morgan Stanley News

Investing.com — UnitedHealth Group (NYSE:UNH) has reported a jump in medical care costs in the fourth quarter, although growth in the healthcare giant's services businesses and investments helped push adjusted earnings per share above average analyst expectations.

Shares of Tesla (NASDAQ:TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.

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Tata Consultancy Services (TCS) jumped over 3% to the day’s high of Rs 3,860.25 on the NSE after the brokerages remained upbeat on IT bellwether following its Q3 results wherein it beat revenue expectations even as the bottomline trailed Street view. Morgan Stanley upgraded the stock to Overweight while raising its price target post the quarterly performance while Motilal Oswal and Nuvama reiterated their buy stance on the counter. Kotak Institutional Equities reiterated an ‘Add’ rating on TCS shares. TCS on Thursday reported higher-than-expected revenue for the quarter ended December 2023, but the bottomline trailed expectations. India’s largest software service provider reported a 2% year-on-year (YoY) growth in consolidated net profit for the quarter to Rs 11,058 crore, and revenue increased by 4% to Rs 60,583 crore. Also Read: TCS Q3 Results: Profit rises 2% YoY to Rs 11,058 crore; revenue up 4% Here is what they recommend!

Quiver Quantitative — Morgan Stanley (MS) is nearing a settlement of between $200 million and $300 million to resolve a U.S. investigation into its handling of large stock sales, known as block trades. This long-standing probe, which scrutinized the bank's practices that could significantly impact market prices, is set to conclude without criminal charges against the bank. The agreement, which involves federal prosecutors in Manhattan and the Securities and Exchange Commission (SEC), is expected to be announced soon. The penalty will be shared between the Justice Department and the SEC, marking a relief for investors who feared more severe repercussions for one of Morgan Stanley’s key units.

(Reuters) — Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a U.S. investigation into its employees' handling of big stock sales, Bloomberg News reported on Thursday.

Both Morgan Stanley and Bank of America released notes covering Amazon (NASDAQ:AMZN) on Thursday, maintaining their bullish stances on the stock.

The latest survey from Morgan Stanley shows that the annual acceleration of IT budgets in 2024 is projected to be underpinned by the robust strength of secular trends, particularly in Generative AI (GenAI) and the Public Cloud.

HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

By Tatiana Bautzer

1- Elections likely in April/ May 2024- The general elections are scheduled to be held in a few months from now and remain watched for even though outcome in recent state elections has lead investors to believe that the ruling party may return to power. Also Read-Tata Steel announces Jan 19 as record date to allot shares to TCIL shareholders under scheme of amalgamation 2- The cues from US stock and bond markets- the highlighted point by Morgan Stanley remains important as markets have started factoring rate cuts by March and cues on the same will be watched for by the global markets and Indian markets.

U.S. stocks will resume last year’s 24% rally only if economic growth picks up, according to Morgan Stanley’s Michael Wilson.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

₹1 crore annually. The institute said, as per PTI, some of the top recruiters who have visited the campus this season are Accenture, Airbus, Air India, Apple, Arthur D.

Also Read: Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot Investors are looking for the US non-farm payrolls data due Friday to gauge how many times the US Fed is likely to cut rates this year. “The rupee has appreciated this week despite gains in the US dollar index overseas. The foreign capital inflows and RBI intervention have been supporting the local currency for quite long and hence, USDINR has been trading in a range." said Ajay Kedia, Director, Kedia Commodities.

Also Read: Markets Moving in Lockstep Threaten to Make for a Trying 2024 Earlier, Morgan Stanley forecasted that the Dollar Spot Index would strengthen about 8% from current levels in the second quarter. However, analysts turned bearish on the greenback in December after Fed’s dovish pivot with the Chair Jerome Powell signaling a shift to cutting rates this year.

jobs data. For the S&P 500, this is the worst start to a year since it began 2015 with a three-session skid, as tech-focused investors continued to take profits after a blistering rally in the final weeks of last year. Bets that the Federal Reserve could start reducing rates this year had driven much of the gains toward the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. A tick-up in yields on longer-dated U.S. Treasuries — the benchmark 10-year note ended at 4% — prompted traders to move away from growth stocks toward other sectors. Financials was one of the few gainers among the S&P 500 sectors, underpinned by Allstate, which rose 2.4% to close at an all-time high after Morgan Stanley lifted its rating on the insurer to «overweight.» Other insurers also rose, including Hartford Financial Services Group, which gained 0.7% to its highest finish since 2008. Banks were strong performers ahead of the start of earnings season next week.

New banking rules proposed last year by US regulators were “extremely aggressive” and are likely to be “materially wound back” before being put in place, Morgan Stanley Chairman James Gorman said.

India's current account deficit narrows to 1% of GDP in July-Sept On Friday the National Statistical Office will release the first advance GDP estimates. The advance estimates of GDP, which go under six revisions over time, will be released in the evening on 5 January.

₹458 on January 4. This uptrend followed a positive move by global brokerage firm Morgan Stanley, which raised the target for IHCL to ₹490 from ₹450. This adjustment implies a potential upside of 7 percent from the current market levels.

New banking rules proposed last year by US regulators were “extremely aggressive” and are likely to be “materially wound back” before being put in place, Morgan Stanley Chairman James Gorman said.