Top US stocks to watch before the bell: Morgan Stanley, BNY Mellon and NXP

Morgan Stanley and Bank of New York Mellon beat expectations, the global chip shortage ramps up tension for Stellantis and NXP Semiconductors, Eli Lilly looks to tweak its covid-19 antibody, Google comes under further attack in Australia, and Grab eyes a secondary listing.

USA (1)

Morgan Stanley

Morgan Stanley said profits surged higher in the first quarter of 2021, smashing expectations, as an explosion in deal making benefited its investment banking division and heightened trading activity boosted its securities division. The company said net income attributable to shareholders jumped to $2.19 per share from just $1.01 a year ago. That was well ahead of the $1.70 forecast by analysts.

Bank of New York Mellon

Bank of New York Mellon also beat expectations after reporting revenue of $3.92 billion and EPS of 97 cents in the first quarter. Although that beat analyst expectations for $3.85 billion in revenue and EPS of 87 cents, it represented a 5% year-on-year fall in revenue and an 8% drop in earnings.


Citigroup is hiring 300 relationship managers in Hong Kong as part of plans to triple the number of clients and double the amount of assets under management for its wealth division in Asia. The news comes the day after Citigroup said it was withdrawing from 13 consumer banking markets across Asia and Europe to instead focus on Asia.

PNC Financial

PNC Financial’s first-quarter earnings came in considerably higher than expected while revenue was broadly in line with estimates. First-quarter revenue of $4.10 billion and earnings per share of $4.10 compared to analyst expectations for revenue of $4.10 billion and EPS of $2.75.

Stellantis and NXP Semiconductors

A federal judge will decide later today whether an emergency order should be granted to force NXP Semiconductors to supply chips to a supplier of carmaker Stellantis, amid a global supply shortage.

JVIS-USA has claimed that it will have to shut its Detroit factory if it does not secure the chips it needs to help control the heating, cooling and ventilation systems of the Jeep Grand Cherokee and other cars made by Stellantis. The supplier has warned production could cease as early as April 19 without the chips.

NXP argues that it has no contractual relationship with JVIS-USA and is therefore not obliged to send the chips, which the supplier usually sources from other companies rather than NXP itself.


Alphabet-owned Google misled consumers about the personal location data it collects through Android mobile devices, an Australian court has found.

The court found that Google wrongly told customers that it could not collect location data if it was switched off, but was still able to access that data if other settings were left turned on. The Australian Competition & Consumer Commission is seeking to impose a penalty on Google as a result, although the size of any potential fine is not known.

Eli Lilly

Eli Lilly has asked the Food & Drug Administration to revoke the emergency authorisation granted for its Covid-19 antibody, bamlanivimab, because it wants to change its plans by combining it with another drug named etesevimab.

The FDA stopped using the drug last month after it was found bamlanivimab was ineffective against new variants of the virus, which has prompted Eli Lilly to introduce a new drug to compliment it and allow it to fight new strains of the virus.


Grab, the Asian ride-hailing and food delivery giant that is set to list in the US through a SPAC deal, is reported to be eyeing a secondary listing in Singapore once it has joined the Nasdaq, according to Reuters.

The company has struck a $40 billion deal to merge with a blank cheque company to join the Nasdaq, marking the biggest deal of its kind, and is contemplating a Singapore listing to allow customers, staff and partners in the region it operates to access its stock.

How to trade top US stocks

You can trade a variety of stocks with Follow these easy steps to start trading the opportunities with US stocks today.

  1. Open a account, or log-in if you’re already a customer.
  2. Search for the company you want to trade in our award-winning platform
  3. Choose your position and size, and your stop and limit levels
  4. Place the trade 

More from Equities

Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

Open an Account