On Wednesday, at 14:30 GMT+3 Alibaba reports its quarterly earnings. Will they push the stock?
Morgan Stanley: outperforming again?
2021-04-13 • Updated
April 16, 11:30 MT time: Morgan Stanley will report its Q1 earnings of 2021.
The technical layout shows that Morgan Stanley went far beyond after recovering the virus losses. It reached the all-time high of $86 recently and ceded some of the gains. Currently, it trades at around $80 per share. A better-than-thought earnings release would push the stock beyond the all-time high to form a new one. How probable is that?
You can trade Morgan Stanley stock in FBS Trader!
For Q1’2021, the EPS is expected to rise to $2 – a value significantly greater than the expected $1 for Q4’2020. One of the reasons why the expectation is set this high is that with the only exclusion for the first quarter of 2020, Morgan Stanley has been by far outperforming the forecasts. In Q2, the actual EPS was 76.3% better than the expectation, in Q3 – 31.4% better, and in Q4’2020 – 43.1%. Therefore, Morgan Stanly proved to consistently bring a very strong performance to the table of investors in the time as hard as 2020 was.
The data of Q1 should also be strong because that quarter was when the economic recovery really started, and that was officially recognized at the highest circles in the US. That should have brought bullish momentum both to the sales performance of Morgan Stanley in Q1, and to investors who keep this stock.
Finally, currently, we are in a period when investors’ funds leave the hi-tech breakthrough bay of the stock market and flow into traditional value stocks – one of which is Morgan Stanley. Therefore, it should fortify the generally positive outlook for this stock in the short-term and mid-term. For this reason, as long as the data to be provided in the Q1 Earnings Report is better than the market forecast, we are likely to see this stock eventually rise to $86 and beyond.
This article describes how Tesla is positioned now on the stock market, what headwinds and tailwinds it has, and what analysts forecast.
Pfizer, a huge pharmaceutical company and one of the vaccine makers, has published better-than-expected earnings results for the first quarter of 2021.
The gold price is now at the crossroad. Will it revert and fall back into the downtrend or aim at the all-time highs?
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?