The U.S. dollar is probably in a bear market, meaning emerging-market currencies are in for a good ride this year despite a weaker outlook for global growth, according to Morgan Stanley (NYSE:MS). We are bullish,” a team of analysts led by James Lord, the firm’s London-based head of fixed-income strategy, wrote in a note to clients on Tuesday. “Emerging-market currencies have lagged, but with growing conviction that the dollar has turned, we think that a catch-up is under way.” The call comes as an index of developing-market currencies flirts with the highest level since April, even as geopolitical tensions simmer in the build up to this week’s G-20 meeting. The world’s biggest central banks are switching to a more accommodative stance, fueling demand for riskier assets.
Morgan Stanley (NYSE:MS) shares shed -0.95% to finally closed at $42.66 in last active session.
MS’s distance from 20 day simple moving average is 0.08% and distance from 50-Day simple moving average is -4.64%.
Analyst’s mean target price for MS is $54.24 while analysts mean recommendation is 2.00. Stock value has moved between $36.78 – 51.4 in last one year. Stock has got OUTPERFORM rating from 8 of Thomson Reuters analysts, 7 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for MS is $54.24 while analysts mean recommendation is 2.00.
Morgan Stanley (NYSE:MS) yearly performance is -12.74% and net profit margin is 15.70%. Annual EPS Growth of past 5 years is 28.00%. The current share price indicates that stock is -17.21% away from its one year high and is moving 16.11% ahead of its 52-week low.
On 25 June 2018, ArQule, Inc. (NASDAQ:ARQL) shares edged up 8.09% and ultimately finalized to $10.82 in last traded day. Stock has got OUTPERFORM rating from 6 of Thomson Reuters analysts, 0 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for ARQL is $9.44 while analysts mean recommendation is 1.70.
At the movement U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) is under coverage by number of analysts. Buy rating has been given by 0 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 0 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is -0.04 and their mean rating for the stock is 2 on scale of 1-5. Analysts mean target price for U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) is $5.00.
If we look at stock performance in last active day trading, we see that stock has moved shed -0.82% to end the day at $1.21. The current share price indicate that stock is -32.78% away from its one year high and is moving 37.50% ahead of its 52-week low.
