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Morgan Stanley to Buy E-Trade, Q4 Earnings & A New Cheap Strong Buy Stock - Free Lunch

Benjamin Rains

On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains looks at the Morgan Stanley MS and E-Trade ETFC merger. We then dive into some quarterly earnings results from the likes of Avis Budget Group CAR. The episode then closes with a dive into why Everi Holdings Inc. EVRI is a Zacks Rank #1 (Strong Buy) stock right now.

U.S. indexes swung between small gains and losses Thursday morning. This came one day after the Dow, the S&P 500, and the Nasdaq all climbed on Wednesday to put a stop to three straight days of declines, amid coronavirus setbacks.

Meanwhile, Morgan Stanley announced Thursday that it would buy E-Trade in a $13 billion, all-stock deal. The merger will help reshape the historic investment banking powerhouse, as it adds a firm focused on the average retail investor.

The planned merger will help Morgan Stanley diversify and allow E-Trade to better compete against TD Ameritrade AMTD and Charles Schwab SCHW, who announced their own planned merger in November.

On the earnings front, shares of Hyatt Hotels H, Avis Budget, and Zillow Z all jumped on strong quarterly results. Looking ahead, Dropbox DBX, First Solar FSLR, and others are set to report earnings after the closing bell.

The episode then closes with why Las Vegas-based casino tech firm Everi is a Zacks Rank #1 (Strong Buy) stock as it trades under $20 per share.

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Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report
 
E*TRADE Financial Corporation (ETFC) : Free Stock Analysis Report
 
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
 
Morgan Stanley (MS) : Free Stock Analysis Report
 
First Solar, Inc. (FSLR) : Free Stock Analysis Report
 
Hyatt Hotels Corporation (H) : Free Stock Analysis Report
 
Zillow Group, Inc. (Z) : Free Stock Analysis Report
 
TD Ameritrade Holding Corporation (AMTD) : Free Stock Analysis Report
 
Everi Holdings Inc. (EVRI) : Free Stock Analysis Report
 
Dropbox, Inc. (DBX) : Free Stock Analysis Report
 
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