Welcome to Markets Desk, your midday read on what's moving markets and making news.
Morgan Stanley is putting a bold target on Amazon, suggesting the stock could nearly double by the end of next year. The thesis centers on Amazon Web Services and its long runway toward what the bank calls a trillion-dollar cloud opportunity. Analysts argue the market is underpricing the compounding growth ahead as enterprise AI workloads accelerate.
Staying in the energy space tied to that same AI buildout, Vistra has pulled back below one hundred fifty dollars after a remarkable run fueled by surging power demand from data centers. Bulls argue the selloff is overdone, pointing to structural demand that isn't going anywhere. The question for investors is whether this is a reset or a reversal.
And in the world of consumer brands, Ferrero has acquired Purely Elizabeth, the granola and oatmeal company, for eight hundred million dollars. Founder Elizabeth Stein built the brand over seventeen years, starting with muffin mix in a Manhattan apartment. The deal values her stake at an estimated four hundred million dollars and signals continued appetite among global food giants for premium health-focused labels.
That's the tape. Markets Desk, signing off the floor.
