Our ARK ETFs from Monday are taking off, ICLN from yesterday is feeling great up 7%…
We don’t talk about the financial sector a lot on here, but today we wanted to bring up Morgan Stanley as a great buy for 2021.
$MS has had a series of acquisitions over the past couple of years that will continue to show dominance throughout their sector. The more recent one is Eaton Vance $EV… We did a stock talk on them before they were acquired because we knew their investment/ consulting services were going to be widely used in the coming years.
The second is E-Trade, and with retail investors accounting for more than 20% of the activity in the market, more and more E-Trade accounts are going to be open.
Finally, Mergers & Acquisitions are Morgan Stanley’s bread and butter… They are one of the most prominent underwriters on deals close behind Goldman Sachs. We believe 2021 will bring lots of M&A activity, which will be big for MS.
Also, MS has a strong Sales & Trading arm as well, which has been no doubt been performing well during this bull market.