The S&P 500 is masking a market pullback. Why Morgan Stanley says a retreat by the index would signal a buying opportunity.
Published . Updated .
Since midsummer portfolio managers have been emphasizing free cash flow, profitability, high margins, strong balance sheets and stable earnings when stockpicking.
Directly affected
- MS Morgan Stanley
Named in this report.
Indirectly affected
- ZIM ZIM Integrated Shipping
Container lines are exposed when a shipping lane is disrupted
- MATX Matson
Container lines are exposed when a shipping lane is disrupted
- DAC Danaos
Ship owners earn more when vessels are tied up longer
- GSL Global Ship Lease
Ship owners earn more when vessels are tied up longer
- SBLK Star Bulk Carriers
Dry-bulk carriers move with commodity shipping demand
- GOGL Golden Ocean
Dry-bulk carriers move with commodity shipping demand
Price reaction, T-5 to T+3
Since midsummer portfolio managers have been emphasizing free cash flow, profitability, high margins, strong balance sheets and stable earnings when stockpicking.
Source: MarketWatch
How solid the shipping case looks
12 out of 100
“The S&P 500 is masking a market pullback. Why Morgan Stanley says a retreat by the index would signal a buying opportunity.” scores 12 out of 100. The score uses 1 sources.