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Stock impact report

The Week Ahead: Should Traders Ignore The Wall of Worry? [Forbes]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Forbes
The Week Ahead: Should Traders Ignore The Wall of Worry? Getty The stock market shrugged off both political and economic concerns last week to close with solid gains for the fourth week in a row. The beaten-down financial sector led the market higher providing clear evidence that my earnings concerns over the sector last week were clearly misplaced. The bank earnings were mixed, but even those stocks who missed on earnings, like Morgan Stanley (MS), still had a good week, with MS closing up 4.7%. The SPDR S&P Regional Bank ETF (KBE) was a standout, up 6.7% for the week, closing at $42.66. This ETF has strong resistance now in the $45 area while it had a high in August of $49.04 . TomAspray-ViperReport.com The poor-performing Dow Average also had a good week, up 4.02%, and is up 9.2% for the month. It closed at 10,012, up 386 points this week, but is still below the all-time high from August at 11,623. All of the other averages, except the Dow Jones Utilities, are already showing soli Show less Read more
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