French and UK Stocks Outshine European Peers Ahead of Elections

French stocks outperformed on Thursday, boosting the broader market, as polls showed Marine Le Pen’s National Rally and its allies would fall well short of an absolute majority in Sunday’s French parliamentary election.  The CAC 40 Index rose 0.8% by the close as Ifop said the far-right group was on course to win between 210 and 240 … Read more

From SRF to Tata Chemicals: Morgan Stanley downgrades chemicals stocks, foresees ongoing challenges

From SRF to Tata Chemicals: Morgan Stanley downgrades chemicals stocks, foresees ongoing challenges

Morgan Stanley’s latest report on chemical stocks reflects cautious sentiment, foreseeing ongoing challenges for the sector in the near term. It believes that the chemicals sector is still not out of the woods and advises remaining on the sidelines until an earnings upgrade cycle occurs. The brokerage also expressed a preference for commodity chemicals amidst … Read more

US stock markets: Micron Technology shares climb 4% after Morgan Stanley upgrade

US stock markets: Micron Technology shares climb 4% after Morgan Stanley upgrade

Micron Technology shares climbed 4 per cent in morning session on Monday after Morgan Stanley upgraded the memory chipmaker to “equal-weight” from “underweight”. At 12:37 p.m. ED, Micron Technology stock was trading higher 3.25 per cent, or $4.07, at $129.36. Morgan Stanley also raised the price target for Micron shares to $130.00 from a previous … Read more