TheStreet Backs Morgan Stanley Stock Ahead of July 15 Earnings as Shares Eye $227 Breakout
Updated
Updated · TheStreet · Jul 13
TheStreet Backs Morgan Stanley Stock Ahead of July 15 Earnings as Shares Eye $227 Breakout
2 articles · Updated · TheStreet · Jul 13
Summary
Morgan Stanley won a fresh TheStreet Pro Portfolio endorsement ahead of its July 15 earnings report, with the service rating the stock a “Two” and recommending investors stockpile on pullbacks.
The bullish call rests on strong dealmaking, leverage from the E-Trade acquisition and a favorable market backdrop, after Morgan Stanley beat estimates and sharply raised guidance in the prior quarter.
Technical signals also support the view: the chart shows higher highs and higher lows near all-time highs, with bullish GoNoGo and parabolic SAR readings despite a recent bearish MACD crossover.
Money flow remains a caution point, with big institutional buying not evident and volume trends slowing, though TheStreet expects turnover to pick up if the stock moves above $227.