Morgan Stanley’s 10 Best Fresh Money Stocks To Buy

E*TRADE Financial Corp (NASDAQ:ETFC) also made its way into the Fresh Money Buy List, because it was trading at a discount to the market and its peers, offered “multiple paths to earnings upside” and “strategic optionality protection.” Morgan Stanley analysts explained the last term in the following way: “The board of ETFC has stated its intention to meet certain growth objectives or to seek strategic alternatives for the company, and we believe there could be value in the business for hypothetical acquirers, should that time come.” They estimated an upside potential of 12%, having placed a price target of $64 per share.

E*TRADE Financial Corp (NASDAQ:ETFC)’s performance in the first quarter was boosted by the increased volatility in the market, as it registered record daily average trading revenue. The company reported earnings of $0.88 per share and $708 million in net revenue, surpassing Wall Street’s expectations. Since Morgan Stanley issued its recommendation on E*TRADE Financial Corp (NASDAQ:ETFC), the stock has been inching upwards. It ended Friday’s session at $61.47 per share, up 15.8% since March 23.

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