Top Stock to Buy #4 – Morgan Stanley (MS)
Financial services firm Morgan Stanley (NYSE:MS) reported a loss of $0.04 in 2012, but is expected to rebound to $2.05 in 2013 and $2.45 in 2014. The consolidation of Morgan Stanley and Smith Barney to one platform is expected to increase profit margins by over 20%. The company also expects to enter into global wealth management where their name is well accepted.
The stock broke from a bear market in November, and supported by strong volume ran from $17 to $23. The positive MACD is supported by very high volume, and so MS could continue its move higher. Buy MS at the market with a trading target of $28.