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MORGAN STANLEY: Buy these 61 stocks that will offer major earnings-driven upside following an...
AP/Richard Drew Mike Wilson, the chief US equity strategist and chief investment officer at Morgan Stanley, expects the stock market to see a 10% drop in the near term. When that happens, Wilson says to shift toward cyclical and smaller cap stocks with strong upside earnings potential in 2021. He and his team highlight 61 stocks that will make strong buys once this pullback occurs. Visit Business Insider's homepage for more stories. When it comes to his outlook on the market for the next few months, Morgan Stanley's Mike Wilson is pessimistic. The bank's chief US equity strategist and chief investment officer said in a Monday note that he expects the market to drop another 10% in the near term as investors face uncertainty around the election outcome, more fiscal stimulus, and another wave of COVID-19. But once the dust settles, Wilson said he expects the bull market to ensue — one which will be led by cyclical and smaller-cap stocks as earnings get a boost from the economic recovery. As such, Wilson recommended using a near term sell-off as a buying opportunity. "We think the best opportunities lie in stocks where earnings are growing with the cyclical rebound and
German police detain Syrian suspected of killing tourist
BERLIN (REUTERS) - German police have arrested a 20-year-old Syrian suspected of attacking two tourists in the eastern city of Dresden at the start of October, killing one of them, police said on Wednesday (Oct 21). The man was taken into custody late on Tuesday after investigators found traces linking him to the crime, Dresden police said in a statement. Spiegel magazine reported that the suspect had been known as an Islamist radical to German authorities for years. He had been sentenced to more than two years in prison for incitement to a crime against the state and recruiting members for Islamic State in Iraq and Syria (ISIS) in the past. The Syrian had come to Germany in 2015, at the peak of the migrant crisis, and been refused asylum, Spiegel said. It was unclear why he attacked his victims. The victims, one aged 53 and the other 55, were German men from the western state of North Rhine-Westphalia on vacation in Dresden, according to the police. They were severely injured in the knife attack and the 55-year-old later died. The arrest follows the beheading last week of a French
Apollo board to probe Leon Black’s ties to Jeffrey Epstein
Apollo Global Management’s board of directors will probe billionaire CEO Leon Black’s ties to pedophile financier Jeffrey Epstein, the private equity firm announced Wednesday. A board committee has tapped the law firm Dechert LLP to conduct an independent review of Black’s business relationship with Epstein, who killed himself last year while facing federal sex-trafficking charges, Apollo said in a securities filing. The move came about a week after Black admitted he paid Epstein millions of dollars annually for various professional services from 2012 to 2017 — even though the pervert money manager had pleaded guilty to soliciting a teenage girl for prostitution in Florida in 2008. Apollo said Black asked the board to conduct the probe to independently confirm the information he’s revealed about his previous links to Epstein. Black has said Epstein never did any work for Apollo, whose investors include pension funds, charities and financial institutions, according to its website. “Proceeding in this manner is the best way to assure all of our stakeholders that they have all of the relevant facts, and I look forward to cooperating fully,” Black told the board, according to Apollo’s filing. Dechert’s review of the matter will involve interviews and examinations of
Google ramps up lobbying and Facebook outspends Big Tech peers in the third quarter...
Sundar Pichai of Google testifies before the House Judiciary Committee as seen via YouTube on a laptop in Washington, DC on July 29, 2020. Carolyn Van Houten | The Washington Post | Getty Images Google ramped up lobbying spend in the third quarter and Facebook outspent its Big Tech peers as regulators and lawmakers prepared to make public their findings of alleged antitrust violations. Google spent more than $1.9 million in lobbying in the third quarter of this year, a 14.2% increase from the prior quarter. Facebook spent $4.9 million, a 1.5% increase from the previous quarter. In the past few months, Google has faced major exposure in Washington as a result of antitrust investigations into its business. On Tuesday, the Justice Department filed suit against Google, alleging it had maintained an unlawful monopoly of its search business through exclusionary contracts that aimed to cut off competitors from distribution. In July, CEO Sundar Pichai testified before the House Judiciary subcommittee on antitrust alongside CEOs from Amazon, Apple and Facebook. The subcommittee later found that each holds monopoly power and made recommendations to reform antitrust laws and even go as far as breaking up
shopDisney.com|Disney Store Unveil the Top 15 Toys for the 2020 Holiday Season
Today, shopDisney.com|Disney store revealed its 2020 Top 15 Holiday Toys list. This marks the third year the retailer is sharing a list of holiday must-haves for Disney fans, families and gift-givers alike. As families spend more time at home and parents need to get creative, toys play a more important role than ever. This year’s top 15 items include toys inspired by everyone’s favorite Disney, Pixar, Star Wars and Marvel characters. Sought after items include Star Wars: The Mandalorian Talking Action Figure, Disney Frozen 2 Arendelle Castle Play Set and the Minnie Mouse Sweet Treats Stand Play Set. Two items on the list are so hot they won’t be revealed until October 26 – shopDisney.com will have all the info. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201021005266/en/ shopDisney.com|Disney store Top 15 Toys (Photo: Business Wire) Shop online or in-store and browse the Top Holiday Toys here and full Holiday Gift Guide here. Top 15 shopDisney.com|Disney store Holiday Toys: Arendelle Castle Play Set - Frozen 2 ($139.95) An iridescent sparkle covers the outside of Arendelle's regal residence. Little fans will love recreating their favorite Frozen 2 scenes with this Arendelle Castle Play Set that
