Today's Pre-Market Trading Very Positive For Morgan Stanley (MS)
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Morgan Stanley as such a stock due to the following factors:
- MS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $435.7 million.
- MS traded 30,410 shares today in the pre-market hours as of 8:51 AM.
- MS is up 2.7% today from yesterday's close.
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More details on MS:
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The stock currently has a dividend yield of 1.8%. MS has a PE ratio of 2. Currently there are 6 analysts that rate Morgan Stanley a buy, no analysts rate it a sell, and 7 rate it a hold.
The average volume for Morgan Stanley has been 13.9 million shares per day over the past 30 days. Morgan Stanley has a market cap of $65.0 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.51 and a short float of 1% with 1.07 days to cover. Shares are down 13.9% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Morgan Stanley as a
. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- MORGAN STANLEY's earnings per share declined by 42.2% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MORGAN STANLEY increased its bottom line by earning $1.58 versus $1.38 in the prior year. This year, the market expects an improvement in earnings ($2.54 versus $1.58).
- MS, with its decline in revenue, slightly underperformed the industry average of 4.7%. Since the same quarter one year prior, revenues fell by 10.9%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- In its most recent trading session, MS has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Despite the stock's decline during the last year, it is still somewhat more expensive (in proportion to its earnings over the last year) than most other stocks in its industry. We feel, however, that other strengths this company displays offset this slight negative.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Capital Markets industry. The net income has significantly decreased by 39.9% when compared to the same quarter one year ago, falling from $1,693.00 million to $1,018.00 million.
- You can view the full Morgan Stanley Ratings Report.
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