News

9
Dec

S&P 500 Price Target Raised at Canaccord; Low Rates Again Are the Catalysts

S&P 500 Price Target Raised at Canaccord; Low Rates Again Are the Catalysts If this strategist is correct, being overweight stocks in 2020 would be a no-brainer. Wall Street is largely calling for gains in the S&P 500 to decelerate from 2019’s likely pace. But one strategist just raised his price target on the index, citing the Federal Reserve’s continuation

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9
Dec

Virgin Galactic Lifts Off as Morgan Stanley Launches Coverage on Bullish Note

Virgin Galactic Lifts Off as Morgan Stanley Launches Coverage on Bullish Note Virgin Galactic has potential as not just a space tourism company but also as an incubator for hypersonic air travel, an analyst contends. Shares of Virgin Galactic SPCE blasted off Monday after Morgan Stanley launched coverage of the space tourism company with an overweight rating. Virgin Galactic’s stock

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9
Dec

Morgan Stanley to Cut Workforce by 2% on Economic Uncertainty: Report

Morgan Stanley to Cut Workforce by 2% on Economic Uncertainty: Report Investment bank is set to eliminate about 2% of its workforce on economic uncertainty, according to published report. Morgan Stanley MS is reducing its workforce by about 2% due to uncertainty about the global economy, according to a published report Monday. The job cuts will largely affect technology and operations

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