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]

Economic Indicators - The ISM Services PMI reported New Orders and Business Activity at 47.2 and 49.9, indicating contraction compared to last month's figures of 56 and 55 [2] - The S&P Global Composite PMI is at 53.9, down from 54.6, while the S&P Global Services PMI is at 54.2, slightly lower than the previous 54.5 [7] Market Performance - The U.S. stock market opened with the Russell 2000 leading at +0.94%, followed by the Dow at +0.52%, with current levels at 2,481.60 and 46,760 respectively [2] - The S&P 500 and Nasdaq are at 6,727.43 and 22,852.39, showing slight declines from recent record highs [3] Corporate Insights - Goldman Sachs CEO David Solomon anticipates an acceleration in the U.S. economy driven by AI infrastructure, but cautions about high valuations in tech stocks [3] - Morgan Stanley's chief investment officer, Lisa Shalett, expressed concerns about potential "cracks" in AI capital expenditure spending, suggesting it could impact the market's bullish trend [4] Market Sentiment - Despite concerns regarding AI spending, all four major U.S. benchmarks are projected to reach all-time highs at the market open, fueled by optimism surrounding AI [5] - The ongoing government shutdown is limiting the availability of economic data from federal institutions, which may affect market sentiment [6]

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

Core Insights - The hedge fund industry, valued at $4.7 trillion, is experiencing a mix of optimism and caution among allocators and managers as they gather at various conferences in September [1][9]. Group 1: Market Sentiment - Allocators are expressing concerns about a potential market pullback but are not yet ready to abandon US stocks [4][5]. - There is a prevailing sentiment of discomfort among investors, with many feeling "uncomfortably comfortable" as US equities continue to rise despite concerns over tariff policies affecting global trade [6]. Group 2: Investment Strategies - There is a heightened demand for hedge fund managers with proven track records in shorting stocks, as allocators seek strategies that can perform well during market downturns [7]. - Interest is growing among American allocators for managers trading international stocks, indicating a desire to diversify away from the US market [8].

Core Viewpoint - Morgan Stanley is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates, particularly in the last two quarters, with an average surprise of 13.48% [1]. Earnings Performance - In the most recent quarter, Morgan Stanley reported earnings of $1.93 per share against an expectation of $2.13, resulting in a surprise of 10.36%. In the previous quarter, the company exceeded expectations by reporting $2.6 per share compared to a consensus estimate of $2.23, achieving a surprise of 16.59% [2]. Earnings Estimates and Predictions - Recent estimates for Morgan Stanley have been trending upwards, with a positive Earnings ESP of +0.44%, indicating that analysts are optimistic about the company's earnings prospects. This positive metric, combined with a Zacks Rank of 3 (Hold), suggests a potential for another earnings beat in the upcoming report [5][8]. Earnings ESP Insights - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the premise that analysts revising their estimates close to the earnings release have the most current information, which may be more accurate [7]. Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a historical success rate of nearly 70% in beating consensus estimates [6]. Upcoming Earnings Report - The next earnings report for Morgan Stanley is anticipated to be released on October 15, 2025, and the current positive Earnings ESP indicates a favorable outlook for the company's performance [8].

Group 1 - Morgan Stanley plans to offer cryptocurrency trading on ETrade starting in the first half of 2026 through a partnership with Zerohash [1][2] - ETrade users will have the option to trade Bitcoin, Ether, and Solana once the new service is launched [2] - The cryptocurrency market has grown significantly, reaching a total market capitalization of $3.9 trillion, with Bitcoin valued at approximately $2.25 trillion and Ether at $506 billion [2] Group 2 - The Trump administration's regulations have facilitated the growth of cryptocurrencies and encouraged Wall Street brokerages to expand their offerings [3] - While Morgan Stanley is recognized as a potential investment, certain AI stocks are suggested to have greater upside potential and lower downside risk [3]

Core Insights - Morgan Stanley's global head of client coverage, Elizabeth Dennis, highlights a strong demand for evergreen funds among investors seeking returns in private markets [1] Group 1 - Clients are primarily focused on gaining access to private companies [1] - Evergreen funds are increasingly popular among investors [1] - The comments were made ahead of the Women, Money & Power event in London [1]

Market Trends - Evergreen funds are experiencing high investor demand seeking returns in private markets [1] Company Focus - Morgan Stanley's global head of client coverage highlights the demand for evergreen funds [1]

格隆汇10月1日｜摩根士丹利：美国政府停摆(引发的市场)反应将是冷淡的。客户专注于进入私募股权 投资市场。 ...