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Express News | Morgan Stanley has upgraded its rating of the European autos and shared mobility industry from "cautious" to "in line with the market".
Goldman Sachs's private equity department will sell the HVAC company Sila.
On November 12th, Grong Hui | Morgan Stanley announced on Monday that its private equity department will sell its heating, ventilation, and air conditioning (HVAC) business, Sila Services, to Goldman Sachs's alternative investment private equity department, but did not disclose the financial terms of the transaction. Morgan Stanley stated that Sila's management team will retain a minority stake in the company and continue to lead the business. Earlier reports suggested that this transaction could value Sila at approximately $1.5 billion, including debt. HVAC companies are attractive to private equity firms due to their stable cash flow and the essential nature of the services they provide.
The 'Trump trade' remains popular, with the s&p 500 breaking through 6000 points for the first time, while Tesla surged by 9%.
As the USA stock market continued to rise after the election, the Dow Jones Industrial Average surged over 300 points on Monday, closing above 44,000 points for the first time, setting a new historical high. The Dow rose 304 points to 44,293.69, a gain of 0.69%. The s&p 500 index rose 0.1%, closing at 6,001.35, surpassing 6,000 points for the first time, setting a new historical high. However, the nasdaq composite index hovered near the flat line, rising 0.06% to 19,298.76 points. JPMorgan and
Sector Update: Financial Stocks Gain Late Afternoon
Trump reportedly plans to narrow the range of Treasury Secretary candidates this week, with candidates from a Wall Street background taking the lead.
①According to media reports citing sources, usa President-elect Trump plans to narrow down the range of candidates for Treasury Secretary within this week, and is inclined to choose someone with a Wall Street background for this important position; ②After winning the US presidential election, there is close attention from the public on how he will form the cabinet for his second term. Treasury Secretary and Secretary of State are usually the positions where the US President prioritizes the selection of candidates.
Goldman Sachs: Trump's 'Super Week' ends, the US stock market will enter a rotation market.
Goldman Sachs traders expect that after the trading market driven by the US election ends, the forecast rotation pressure will continue to be a significant feature of the market, as investors put money into smaller market cap companies and seek opportunities in cyclical/inflation themes.