Rick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is business, and he works tirelessly to deliver content in an easy-to-understand manner. In 2018, Rick wrote The Financially Independent Millennial to inspire his readers with his story about becoming financially indepen ...

Upgrades - BofA upgraded Eversource (ES) to Buy from Neutral with a price target of $85, up from $73, citing an "improving regulatory tone" and a projected 6% EPS growth through 2029 [2] - Leerink upgraded Exelixis (EXEL) to Outperform from Market Perform with a price target of $48, up from $38, following the Phase 3 STELLAR-303 trial results, which established important levers for long-term investment despite a 12% stock decline [3] - Citi upgraded Nextracker (NXT) to Buy from Neutral with a price target of $114, up from $66, highlighting its dominant position in tracker sales and potential revenue contributions from acquired businesses by FY30 [4] - Citi upgraded Sunrun (RUN) to Buy from Neutral with a price target of $26, up from $11, noting benefits from rising electricity rates and increased leverage over suppliers due to market shifts [5] - Raymond James upgraded Capri Holdings (CPRI) to Outperform from Market Perform with a price target of $25, indicating a favorable turnaround position supported by improving demand and conservative guidance [6] Downgrades - JPMorgan downgraded Goldman Sachs (GS) to Neutral from Overweight with a price target of $750, up from $625, citing high current valuations compared to European investment banks [7] - BNP Paribas Exane downgraded Verizon (VZ) to Neutral from Outperform with a price target of $44, raising concerns about strategic direction following a recent CEO change [7] - BNP Paribas Exane downgraded NuScale Power (SMR) to Underperform from Neutral with a price target of $25, down from $41, due to concerns over cumulative shipments and financial commitments [7] - Citi downgraded NuScale to Sell from Neutral with a price target of $37.50, down from $46, highlighting potential sales by Fluor and stretched valuations [7] - TD Cowen downgraded Tempus AI (TEM) to Hold from Buy with a price target of $88, up from $72, viewing the stock as fairly valued after a significant rally [7] - Wells Fargo downgraded Cleveland-Cliffs (CLF) to Underweight from Equal Weight with an unchanged price target of $11, describing the recent stock rally as "excess exuberance" [7]

Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'Squawk Box' to discuss the state of the economy, latest market trends, where to find opportunity in the markets, the Fed's interest rate outlook, and more. ...

智通财经APP获悉，华尔街的各大银行认为，欧洲债券市场数据的质量和可获取性若能得到改善，将推 动电子交易迎来新的增长浪潮。摩根大通公司、美国银行以及摩根士丹利表示，新的规定要求对债券交 易进行更详细的报告，并建立一个能够追踪实时市场活动的数据池，这将提高透明度，并改善基于计算 机的交易模式。 摩根大通全球固定收益、外汇及大宗商品市场结构与流动性策略主管Kate Finlayson表示："数据可能是 实现进一步电子化的重要先决条件。它有助于构建交易模型和算法。在交易完成之后，数据也是评估算 法表现所必需的。" 与美国相比，欧洲债券市场在采用某些算法策略方面进展较为缓慢。在美国，债券交易数据早就通过 TRACE 系统进行了整合。 "我们见证了诸多创新，但有时在固定收益领域(尤其是这一领域)的感觉却像是在浓稠的糖浆中艰难前 行。"MarketAxess欧洲、中东及亚太地区交易产品主管Gareth Coltman说道。"准确获取数据至关重 要。" 虽然更优质的债券数据将有助于提高效率，但这也可能会侵蚀银行的利润空间。在美国，引入 TRACE 系统后，交易双方的买卖价差缩小，投资者每年的交易成本降低了近 10 亿美元。 ...

October 20, 2025 10:24 PM GMT Cross-Asset Flows and Allocations M Global Idea Fund Flows: 'Yo-yo' on FOMO Avg weekly flows for month Weekly Flows to Commodities Funds (US$mm) Jan-2025 Mar-2025 May-2025 Jul-2025 Oct-2025 5,000 4,000 3,000 2,000 1,000 0 -1,000 -2,000 -3,000 Source: ICI, Haver Analytics, Morgan Stanley Research Morgan Stanley & Co. LLC Serena W Tang Strategist Serena.Tang@morganstanley.com +1 212 761-3380 Morgan Stanley India Company Private Limited+ Soham Sen Strategist Soham.Sen1@morganstanl ...

What 'Tactical Escalation' of US-China Trade Tensions Means for Markets October 20, 2025 October 20, 2025 12:24 PM GMT Morgan Stanley Research Global Morgan Stanley Global Macro Forum Serena Tang, Global Head of Cross-Asset Strategy | Strategist Ariana Salvatore, US Public Policy Strategist | Strategist Matthew Hornbach, Global Head of Macro Strategy | Strategist MORGAN STANLEY & CO. LLC Chetan Ahya, Chief Asia Economist MORGAN STANLEY ASIA LIMITED+ Daniel Blake, Asia/EM Equity Strategist and Head of APxJ Q ...

These staggering Bitcoin ownership totals are those that are reported on SEC 13F filings at the end of each quarter. As a result, they may not be fully indicative of what total holdings are now. But they give a good snapshot look at overall buying trends in the crypto market, as well as insight into how big-time investors are choosing to get their exposure to Bitcoin.Joining these billionaire hedge fund managers are plenty of large institutional investors and big Wall Street giants. Goldman Sachs Group (NYS ...

Bank earnings can be a crucial indicator of the economy's trajectory and America's biggest banks are off to a steady start to earnings season. Results from JP Morgan, Wells Fargo, Black Rockck Bank of America and Morgan Stanley show, as expected, gains coming from trading activity and dealmaking. At the same time, blowout numbers mostly failed to materialize.Spending stayed solid while showing some signs of deceleration. Bank CEOs have been mostly upbeat in recent weeks, however. They've cited continued spe ...

Investment Strategy - Morgan Stanley suggests shorting the dollar to profit from a "Goldilocks" environment where US stocks rally and Treasury market losses are contained [1]

Key Takeaways Major U.S. banks saw strong Q3 IB revenue growth across advisory and capital markets.Executives highlighted robust deal pipelines and improving M&A sentiment through 2025.Management cautioned that sustained IB growth depends on stable rates and macro conditions.Recently, major U.S. banks reported their third-quarter results, showing a surge in investment banking (IB) revenues across the board. This marks the second consecutive quarter of improvement, reinforcing signs that dealmaking is finall ...