Core Viewpoint - Micron Technology shares increased over 4.5% to $196.32 in premarket trading following an upgrade from Morgan Stanley, which changed its rating from "equal-weight" to "overweight" and raised the price target from $160 to $220 [1] Company Summary - Micron Technology's stock performance reflects positive market sentiment after the upgrade by Morgan Stanley [1] - The price target adjustment indicates increased confidence in Micron's future performance and growth potential [1]

Core Insights - Morgan Stanley has advised clients to allocate 2-4% of their investment portfolios to cryptocurrency, marking a significant shift in Wall Street's approach to digital assets [1][2][3] Group 1: Portfolio Allocation Guidelines - On October 5, 2025, Morgan Stanley's Global Investment Committee (GIC) released guidelines suggesting up to 4% crypto allocation for opportunistic growth portfolios [2] - For balanced growth, a 2% crypto allocation is recommended, while 0% exposure is advised for wealth preservation and income portfolios [4] Group 2: Market Reaction and Commentary - Bitwise CEO Hunter Horsley described Morgan Stanley's pivot as significant, indicating that crypto is entering its mainstream era [3] - The crypto community has mixed reactions to the 2-4% guidance, with some viewing it as too late and too little [4] Group 3: Bitcoin Price Movement - Bitcoin reached a new all-time high of approximately $125,700 before retreating to the low $123,000 range [2][6] - The recent price surge is attributed to increased spot ETF inflows and a weaker US dollar amid concerns over a potential government shutdown [6][7] Group 4: Trading Initiatives - In September 2025, Morgan Stanley announced plans to offer crypto trading on the E*Trade platform through a partnership with Zerohash, allowing clients to trade Bitcoin, Ether, and Solana [5]

Group 1 - Morgan Stanley upgraded Micron Technology's rating from "Hold" to "Overweight" [1] - The target price for Micron Technology was raised from $160 to $220 [1]

🚨JUST IN: MORGAN STANLEY ADVISES UP TO 4% CRYPTO ALLOCATION IN HIGH-RISK PORTFOLIOS ...

$1.3 trillion Morgan Stanley says Bitcoin is "a scarce asset, akin to digital gold."The firm will allow Financial Advisors to "flexibly allocate" cryptocurrency to their portfolios. https://t.co/JrwWAErZGp ...

You literally aren’t bullish enough.$4T will turn into $100THunter Horsley (@HHorsley):This is huge.New Special Report from Morgan Stanley GIC:"we aim to support our Financial Advisors and clients, who may flexibly allocate to cryptocurrency as part of their multiasset portfolios."GIC guides 16,000 advisors managing $2 trillion in savings and wealth for https://t.co/RBWFxlRNkS ...

Morgan Stanley issuing guidance to its 16,000 financial advisors who manage $2T to lean into BitcoinUp to 4% portfolio allocationThe digital gold rush is about to beginHunter Horsley (@HHorsley):This is huge.New Special Report from Morgan Stanley GIC:"we aim to support our Financial Advisors and clients, who may flexibly allocate to cryptocurrency as part of their multiasset portfolios."GIC guides 16,000 advisors managing $2 trillion in savings and wealth for https://t.co/RBWFxlRNkS ...

Market Overview - The market is experiencing a pullback, with hedge funds and large investors taking profits and harvesting losses [2][3] - The government shutdown is noted as a potential future influence on market performance, although its current impact is minimal [3] Stock Picks Ion Q - Ion Q has seen a significant increase of approximately 75% over the last month, and the outlook remains bullish [3][4] - The company is expected to achieve double-digit growth of 10% to 14% over the next 18 months, indicating further potential for price appreciation [5] - Ion Q's stock is currently trading around $72, with a remarkable increase of over 675% in the past year [12] Newscale Power - Newscale Power has been downgraded by several financial institutions due to concerns about its financials and project execution [12][13] - The company is projected to grow by about 11% in the next 18 months, viewed as a value play rather than a high-growth opportunity [15][16] - Newscale Power's stock has increased by 125% year-to-date, reflecting strong interest in its technology [18] Morgan Stanley - Morgan Stanley is expected to see a stock price growth of 6% to 10% over the next 12 to 18 months, despite some near-term resistance in the financial sector [26][27] - The company is recognized for its strong performance in investment banking and wealth management, which are key revenue generators [29] - Currently trading just below $157, Morgan Stanley is considered a significant growth vehicle for investors [34]

Stock Market Today, our daily live blog, is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Friday. This is TheStreet's Stock Market Today for Oct. 3, 2025. You can follow the latest updates on the market here in our daily live blog. Update: 10:05a.m. ET Data Drop We might have no payrolls, but here's what we have instead: PMI. The S&P Global Composite & Services PMI and ISM Services PMI are now out. Here ...

Group 1 - Montreal Bank initiates coverage of Morgan Stanley with an "Outperform" rating and sets a target price of $180 [1]