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Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm

3 weeks ago
in stock
2 min read
Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm
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TipRanks

Goldman Sachs: These 2 “Strong Buy” Stocks Could Surge at Least 30%

We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona crisis recedes. For the US, particularly, he is impressed by the ‘very substantial fiscal support’ implies in the latest COVID relief package. Even with that, however, Hatzius believes that Q4 was a weaker period, and we are still not quite out of it. He’s putting Q1 growth at 5%, and says that we’re going to see further expansion ‘concentrated in the spring,’ and an ‘acceleration to 10% growth rate in Q2.’ And by accelerations, Hatzius means that investors should expect Q2 GDP in the neighborhood of 6.6%. Hatzius credits that forecast to the ongoing vaccination programs, and the continued development of COVID vaccines. The Moderna and Pfizer vaccines are already in production and circulation. Hatzius says, in relation to these programs, “That fact that we are developing more options and that governments around the world are going to have more options to choose between different vaccines [means] production is likely to ramp up in pretty sharply in incoming months… It’s definitely a major reason for our optimistic growth forecast.” In addition to Hatzius’ look at the macro situation, analysts from Goldman Sachs have also been diving into specific stocks. Using TipRanks’ database, we identified two stocks that the firm predicts will show solid growth in 2021. The rest of the Street also backs both tickers, with each sporting a “Strong Buy” consensus rating. Stellantis (STLA) We’ve talked before about the Detroit automakers, and rightly so — they are major players on the US economic scene. But the US hasn’t got a monopoly on the automotive sector, as proven by Netherlands-based Stellantis. This international conglomerate is the result of a merger between France’s Groupe PSA and the Italian-American Fiat-Chrysler. The deal was a 50-50 all stock agreement, and Stellantis boasts a market cap exceeding $50 billion, and a portfolio of near-legendary nameplates, including Alpha Romeo, Dodge Ram, Jeep, and Maserati. The deal that formed Stellantis, now the world’s fourth largest automotive manufacturer, took 16 months to accomplish, after it was first announced in October 2019. Now that it is reality – the merger was completed in January of this year – the combined entity promises cost savings of nearly 5 billion euros in the operations of both Fiat-Chrysler and PSA. These savings look to be realized through greater efficiency, and not through plant closures and cutbacks. Stellantis is new in the markets, and the STLA ticker has supplanted Fiat-Chrysler’s FCAU on New York Stock Exchange, giving the new company a storied…



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