Author: Vitaliy Dadalyan

Morgan Stanley Picks 2 Stocks to Buy (and 1 to Avoid)

Since peaking in early September, the main indexes have lost between 5% and 10% in the last three weeks, in a series of roller coaster trading sessions. It’s a situation made for confusion, forcing investors to wonder if the summer’s bull run is over, or if this is just a correction before the good times start again.Investment banking giant Morgan Stanley has been scouring the markets, doing the intensive research that this month’s volatility suggests is necessary. And the bank’s analysts have found the stocks that investors should and should not buy into. Their recommendations work to make sense of a turbulent time in the markets.With this in mind, we’ve delved into two stocks that the firm predicts will show powerful double-digit growth. And for contrast, we’ve included one that Morgan Stanley says to avoid. Using TipRanks’ Stock Comparison tool, we were able to evaluate these 3 stocks alongside each other...

U.S. business activity slows, house price inflation accelerates

U.S. business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and COVID-19 lingers. Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that Congress and the U.S. central bank needed to remain focused on supporting the recovery. "We need to stay with it ... the recovery will go faster if there is support coming both from Congress and the Fed," Powell said....