Altice USA Announces Closing of Sale of 49.99% of Lightpath Fiber Enterprise Business to Morgan Stanley Infrastructure Partners

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Altice USA (NYSE: ATUS) today announces it has closed the previously announced sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will retain a 50.01% interest in Lightpath and maintain control of the company.

“We are pleased to have closed this transaction and partner with Morgan Stanley Infrastructure Partners to support ongoing and new growth initiatives, improve operational performance and provide strategic and financial flexibility for Lightpath,” said Dexter Goei, Chief Executive Officer, Altice USA. “This partnership enables us to focus on distinct opportunities for value creation and long-term growth for Lightpath while continuing to provide best-in-class products and services to enterprise customers.”

Lightpath is a fiber-based bandwidth technology platform enabling businesses in the greater New York Metropolitan region to innovate

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$100,000 By 2021 Possible, Morgan Creek Co-Founder Reveals Why


  • Large companies like Square and PayPal are reportedly eating up new Bitcoin supply
  • Pompliano said the current microenvironment is “rocket fuel” for Bitcoin
  • The only way for supply and demand to equilibrate is at a higher price, he said

With Bitcoin just a few amount below its previous all-time, Anthony Pompliano, the founder of Morgan Creek Capital, said he wouldn’t be surprised to see the benchmark cryptocurrency at a price point of $100,000 by the end of 2021.

Pompliano, whose company assists companies and foundations in investing in blockchain technology, told CNBC the current supply issuance of Bitcoin wouldn’t be able to keep up with the increasing demand from various sectors. 

The recent Bitcoin halving reduced the supply issuance to 900 BTC per day. In today’s environment, this is severely limited because big companies such as Square and PayPal are reportedly buying 100% of these newly mined Bitcoins.

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Morgan Stanley says Tesla will surge 22% from current levels in its first bullish call on the stock since 2017

  • Tesla traded higher on Wednesday after Morgan Stanley upgraded the electric-vehicle manufacturer to “overweight” from “equal weight” for the first time since 2017.
  • Morgan Stanley said it sees a budding opportunity in Tesla’s high-margin software-and-services business, which it expects to represent up to 20% of total profit by 2030.
  • “To only value Tesla on car sales alone ignores the multiple businesses embedded within the company, and ignores the long term value creation arising from monetizing Tesla’s core strengths,” Morgan Stanley said.
  • Visit Business Insider’s homepage for more stories.

The upside potential in Tesla remains strong, Morgan Stanley said in a Wednesday note.

For the first time since 2017, the firm turned bullish on the electric-car maker, upgrading Tesla to “overweight” from “equal weight” and assigning a $540 price target, representing potential upside of 22% from Tuesday’s close.

In its bull-case scenario, Morgan Stanley assigned a

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Tesla Wins Morgan Stanley’s Favor After S&P 500 Inclusion

Tesla  (TSLA) – Get Report finally has won the favor of Morgan Stanley’s equity research team.

Morgan Stanley analyst Adam Jones on Wednesday raised Tesla to overweight for the first time in more than three years, predicting that the electric carmaker is on the verge of a “profound model shift” from selling cars to generating high-margin software and services revenue.

“To only value Tesla on car sales alone ignores the multiple businesses embedded within the company,” Jonas said in a research note to clients as he upgraded the shares from equal-weight and raised his price target by 50% to $540 from $360, suggesting 22% additional upside for the stock.

In his note, Jonas wrote that Tesla is “on the verge of a profound model shift” from selling cars to generating high margin, recurring software and services revenue, and that its electric vehicle business is Tesla’s and CEO Elon

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T-Mobile US, Inc. to Present at the Morgan Stanley European Technology, Media & Telecom Conference

Peter Osvaldik, executive vice president & chief financial officer, Neville Ray, president of technology, and Matt Staneff, executive vice president & chief marketing officer of T-Mobile US, Inc. (NASDAQ: TMUS), will present and provide a business update on Thursday, November 19, 2020 at 1:20 p.m. Eastern Time (ET) at the Morgan Stanley European Technology, Media & Telecom Conference.

A live webcast of the virtual event will be available on the Company’s Investor Relations website at An on-demand replay will be available shortly after the conclusion of the presentation.

To automatically receive T-Mobile financial news by e-mail, please visit the T-Mobile Investor Relations website,, and subscribe to E-mail Alerts.

About T-Mobile US, Inc.

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and

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Salesforce Falls as Morgan Stanley Downgrades on Valuation  (CRM) – Get Report shares were lower on Thursday after the customer-relationship-management specialist was downgraded to equal-weight from overweight by analysts at Morgan Stanley. 

The investment firm maintained a $275 price target for the San Francisco company, indicating 8% potential upside from the stock’s previous closing price. 

“At CRM’s current growth, scale and market cap, an increasing
focus on [free cash flow] and earnings is likely necessary for further price
appreciation,” said Morgan analyst Keith Weiss. 

“However, subscription model dynamics and
management’s growth philosophy may make that difficult
near-term, pushing us to an [equal-weight] rating.” 

The firm notes that with a $250 billion market capitalization, Salesforce is in the peer group with Adobe  (ADBE) – Get Report, Intuit  (INTU) – Get Report and Microsoft  (MSFT) – Get Report, which are all valued primarily on a price-to-earnings basis by investors. 

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It’s time to take your profits from tech stocks, J.P. Morgan says

Tech has been the strongest sector in the S&P 500 since the last election, but was one of the worst performing sectors Monday after J.P. Morgan analysts downgraded the sector.

Getty Images

After two years with a bullish outlook on the tech sector, analysts at J.P. Morgan on Monday said they believe its time to start taking profits in the best-performing sector over the past four years.

“We continue to believe that tech fundamentals are supportive, through strong balance sheets, significant buybacks, structural tailwinds and earnings delivery, but the relative outperformance could start waning,” J.P. Morgan analysts led by Mislav Matejka wrote in downgrading the tech sector to neutral from overweight Monday morning.

“We now believe that one should take profits in the space,” the analysts said.

Since election day 2016, the Technology Select Sector ETF

has surged 135%, compared with a 53% gain in the S&P 500

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TechnipFMC to Present ESG Update at the J.P. Morgan Energy Technology Tour

Regulatory News:

TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced today that Doug Pferdehirt, Chairman and Chief Executive Officer, will provide an update on the Company’s environmental, social and governance (ESG) accomplishments and objectives, including opportunities related to the Energy Transition, on Monday, November 9, at 8:00 a.m. EST at the following event:

J.P. Morgan Energy Technology Tour

November 9 – 10, 2020

Location: Virtual Conference

The access to the live webcast and accompanying presentation slides will be made available at the time of the event and can be accessed on the Investor Relations website. An audio replay of the webcast for the presentation will be available on this same website for 180 days.


About TechnipFMC

TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise,

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J.P. Morgan Presents 3 Stocks With Double Digit-Upside

November 3 is fast-approaching, and Wall Street is bracing for a Biden win. But what would a Democrat-controlled White House mean for the markets?

Even though some investors think a Biden presidency would be detrimental to stocks and put pressure on the markets, Marko Kolanovic, the global head of macro quantitative and derivatives strategy at J.P. Morgan, begs to differ. In a recent note to clients, he writes that regardless of the election’s outcome, its conclusion will remove significant uncertainty.

Additionally, the strategist believes the release of a COVID-19 vaccine as well as the reopening of the economy could serve as catalysts that spur a rotation into value stocks. “We think those two catalysts will be catalysts for value, and we think it’s going to have legs… The decline of COVID should be a powerful catalyst for value,” Kolanovic commented.

Taking Kolanovic’s outlook to heart, J.P. Morgan analysts are offering

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