Spend money on Morgan Stanley over Robinhood Markets

IonQ: “That’s the problem. Everyone wants quantum computers. I was looking for quantum computers with Nvidia. We own Honeywell for … the nonprofit foundation. Here’s the problem: There’s no game on quantum computers right now. None, including that There is no game. There is only hype. We don’t want hype. ”

Robinhood Markets: “Look, I can comment on the last 10 points the same way. It’s so depressed, how can you not try? But the answer is, we don’t shoot things. We’re looking for fundamental reasons to own something. My nonprofit foundation owned by Morgan Stanley. Bet with them, not Robinhood, because it’s not a bet. It’s an investment. “

McAfee: “I don’t like McAfee. You have to be there NortonLifeLock. You are a member of the club. They know that when this deal is closed, NortonLifeLock will go straight to $ 30. Straight shot. ”

Western Union: “This stock is so damn cheap I have to believe it [CEO Hikmet Ersek] do something. I have to, have to, have to. I wouldn’t sell that stock for $ 18. ”

Royal Dutch Shell: “Royal Dutch is the fraction of the mental firepower that Mike Wirth brings to Chevron. We bought Chevron for … the charitable foundation. Why? Much better, much more disciplined than Shell. Much better capital allocation, and still good yield. That is the one to buy. ”

Doximacy: “Doximity is a damn good company. I don’t know how we’re going to change the address. It’s so good. … This is a great company with great advertising. I saw it was recently downgraded to by a great company I think Doximity has a lot of good reasons, but it’s trapped in this whole Multiple contraction of the price / sales ratio that nothing works. Don’t know what else to say. ”

Marathon Digital Holdings: “It’s a proxy. It’s just a proxy for this stuff. You want crypto, you buy crypto. … You like crypto, you own crypto.”

Join Now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Disclosure: Cramer’s nonprofit trust owns stocks of Morgan Stanley, NortonLifeLock, Honeywell, Nvidia, and Chevron.

Morgan Stanley to bar employees with out Covid vaccinations from workplaces

Morgan Stanley announced to its staff on Tuesday that workers and customers who are not vaccinated against Covid-19 will be banned from returning to the New York City and Westchester County offices with a large staff presence from July 12, CNBC has confirmed.

All Morgan Stanley employees in the New York area must now confirm their coronavirus vaccination status by July 1.

Employees who are not fully vaccinated will still have to work remotely, the company told workers on Tuesday.

The move that will allow Morgan Stanley to lift masking and physical distancing requirements in its offices follows similar moves by other financial giants.

Black stone said last month that US workers in investment areas could return to their offices full-time on June 7 if they are fully vaccinated against the coronavirus.

Goldman Sachs cleverly Employees issued a memo earlier this month asking them to disclose their vaccination status.

Morgan Stanley had previously only requested that employees in certain areas of the company be fully vaccinated in order to return to their offices.

The Financial Times first reported Tuesday that Morgan Stanley, citing a company memo would require employees, customers, and visitors to the New York area to be fully vaccinated to enter corporate workplaces in New York City and Westchester County.

Evaluation: Kiss star man Paul Stanley exhibits an entire lotta soul | Leisure

This cover photo published by uDiscover shows “Now And Then” by Paul Stanley’s Soul Station.


From WAYNE PARRY Associated Press

Paul Stanley’s soul ward “Now and then” (uDiscover)

The love rifles were all unloaded and safely holstered, and this time Detroit is a city of the soul, not a rock city, as Paul Stanley, ringleader of the four-ring circus known as Kiss, pays homage to the classic soul on a new solo album.

The starry singer and guitarist covers some of the greatest soul songs ever written, and with that in mind, he is writing five new tracks.

It can surprise, if not shock, many Kiss fans. But then they accepted Peter Criss’ orchestral ballad “Beth” and (a lot) had nothing against it when Gene Simmons reported on the Disney classic “When You Wish Upon a Star”.

There is no arena rock here. Crooning and Falsetto abound in The Spinners’ “Could I Fall In Love”; The Temptations’ “Just My Imagination”; and Smokey Robinson’s “The Tracks of My Tears”. He even keeps the electric sitar on The Stylistics’ You Are Everything.

And not since Barack Obama sang a few bars of it, there has been a more unexpected cover of Al Green’s “Let’s Stay Together”.

Some of Stanley’s originals are pretty good too, and would have had a good chance of becoming AM radio hits in the ’70s, including “Save Me” and “When You’re Ready”.

Stanley Druckenmiller, Invoice Ackman amongst early Coupang traders

Stanley Printmiller (L) and Bill Ackman


South Korean e-commerce giant Coupang, which rose sharply on its Wall Street debut, received early support from some high profile investors: Stanley Printmiller and Bill Ackman.

Coupang, called Amazon of South Korea, nearly doubling from its $ 35 per share price shortly after it opened on Thursday lunchtime on the New York Stock Exchange.

The stock later reduced those gains, closing nearly 41% at $ 49.25 per share, giving Coupang a market cap of $ 84.5 billion.

Printmiller, the billionaire CEO of the Duquesne Family Office, was a long-time pre-IPO investor in the Seoul-based company. Kevin Warsh, an advisor to Druckermiller, told CNBC’s Becky Quick. Warsh, a former Federal Reserve Governor, joined the board of directors of Coupang in 2019. Warsh owns a total of 280,662 shares of Coupang, according to a Filing with the Securities and Exchange Commission.

Ackman, the billionaire who runs Pershing Square Capital Management hedge fund, personally invested in Coupang, a source close to the situation, CNBC said. It is unclear when this investment was made. But a Reuters report in 2014 mentions Ackman as an investor.

Coupang raised $ 4.6 billion in its initial public offering, the largest so far in the US this year. The company sold 130 million shares on Wednesday night at $ 35 each, above its target range of $ 32-34.

The company was founded in 2010 by Bom Kim who continues to serve as CEO. Other investors are Masayoshi Son’s SoftBank group.

“When we talk about Coupang for what it is, it’s Amazon, but it’s Amazon with one UPS attached to it with With the Dash, with Instacart, with a little shot Netflix and it’s all integrated on this technology platform with an extreme level of customer focus, “he said Lydia Jett, Investment partner at SoftBank Vision Fund and member of the Coupang Board of Directors since 2018.

SoftBank’s Vision Fund owns around a third of Coupang invested billions of dollars into the company. In an interview on CNBCs “Squawk Alley” Jett said it didn’t take long to realize Kim is a top notch founder who deserves support.

“When I met Bom and spent three days with him in Seoul, I was overwhelmed by his company’s customer understanding and focus, the innovation that was taking place,” said Jett. “I knew that this company was doing something radically different from its competition and that customers were responding,” she added. “You can see that in the company’s numbers.”

Coupang’s total sales in 2020 were $ 12 billion, up nearly 91% year over year. In 2020, the company posted an operating loss of $ 527.7 million – an 18% decrease from 2019 and a decrease of nearly 50% from 2018.

The company was ranked # 2 on the CNBC Disruptor 50 list last year.

Morgan Stanley (MS) This fall 2020 earnings beat estimates

Morgan Stanley On Wednesday, fourth quarter earnings and sales exceeded analysts’ expectations for strong trading, investment banking and wealth management results.

The company reported a 51% increase in earnings to $ 3.39 billion, or $ 1.81 per share. Excluding the $ 189 million integration cost associated with last year’s E-Trade acquisition, earnings per share were $ 1.92, compared to an estimate of $ 1.27 by analysts surveyed by Refinitiv. Revenue of $ 13.64 billion was over $ 2 billion above the estimate of $ 11.54 billion.

“The company had a very strong quarter and record results for the full year with excellent performance in all three businesses and regions,” said CEO James Gorman in the press release. “Our unique business model continues to serve us well as we continue to implement our long-term strategy with the acquisitions of E * TRADE and Eaton Vance.”

Expectations were high for robust trade and investment banking results from competitors Goldman Sachs and JPMorgan Chase helped increase winning strokes and Morgan Stanley did not disappoint.

Investment banking had sales of $ 2.3 billion, half a billion dollars more than FactSet’s survey of $ 1.81 billion. The result was due to stocks from the underwriting of stocks, which more than doubled compared to the previous year due to robust IPOs and follow-up activities.

Stock trading generated sales of $ 2.49 billion, $ 350 million more than the estimate of $ 2.14 billion. Fixed income trading grossed $ 1.66 billion, $ 200 million more than analysts expected.

The wealth management division had sales of $ 5.68 billion, nearly $ half a billion more than analysts expected, thanks to higher assets and higher fee-generating activity, as well as the impact of the e-trade deal.

Morgan Stanley has the largest wealth management business of the six largest US banks, which typically benefit from rising markets. This business is supported by the bank $ 13 billion The acquisition of E-Trade announced a year ago and the fourth quarter is the first period in which E-Trade will be integrated into the larger company.

The bank’s shares were virtually unchanged after premarket trading rose 1.9%.

Gorman drove a small winning lap in his annual update on the company’s strategic objectives, highlighting the case that its business is at a turning point. In the next ten years, Gorman’s market share gains and acquisitions will sustainably generate higher sales and returns than in previous periods.

The company kept its long-term goals largely unchanged, saying that the return on tangible equity will be 17% or more, rather than the 15% to 17% range per year earlier.

“We are in the growth phase of this company for the next decade,” Gorman told analysts after the results were released.

Morgan Stanley is the last major US bank to post earnings in the fourth quarter. JPMorgan and Goldman Sachs exceeded analysts’ expectations for sales and earnings, aided by trading, while Citigroup, Wells Fargoand Bank of America disappointed revenue as credit margins tightened.

The shares of New York-based Morgan Stanley rose 33% in 2020, outperforming the KBW Bank Index’s 4.3% decline.

Here are the numbers:

  • Adjusted earnings of $ 1.92 per share versus $ 1.27 estimate by analysts surveyed by Refinitiv.
  • Revenue of $ 13.64 billion versus an estimate of $ 11.54 billion.