Boston, MA 02/07/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) has revealed, in a survey, where millionaire investors are willing to put their money this year. The bank through its wealth management unit reported that real estate has become the top pick alternative for U.S. millionaires. About 77 percent of investors owning at least $1 million in assets were found to own real estate. It also emerged that ownership of residential and commercial properties in direct investment was the most preferred real estate investment model for the millionaires. Yet the remaining 23 percent of the surveyed investors identified real estate investment trust as their preferred choice. Interest of investors in real estate is explained to reflect the low benefits from fixed-income investments. Morgan Stanley (NYSE:MS) runs one of the most vibrant wealth management businesses. The stock closed Thursday at $29.69 per share after gaining 51 cents during the day.
Alpha Natural Resources, Inc. (NYSE:ANR) has announced opening London office through its subsidiary Alpha Coal Sales International Limited. This confirms the company’s efforts to expand into Europe so as to take advantage of the market and also to enhancing international customers servicing. London, the company says, is the financial center for coal globally and this helps in boosting its efforts to get closer to the market and better serve its customers. The company in a news release also says that going into establish contact offices in London will build an export platform, which by the way its intent, for the U.S. thermal coal with a potential long-term potential. ANR has named Nick Ingham as its vice president of international hedging and he will lead the sale and marketing to the London office. Alpha Natural Resources, Inc. (NYSE:ANR) gained 1.18 percent in the previous session to conclude the day at $5.15.
Advanced Micro Devices, Inc. (NYSE:AMD) will remain under the radar of many market watchers thus year now that the company has announced that it is shifting focus to generate 50 percent of its revenue from the high growth businesses over the next two years. The company is looking at dense servers, semi-custom and professional graphic chips as its best bet towards the attainment of the multi-year transformational strategy. Yet, ADM is also not leaving the struggling PC market just yet. Advanced Micro Devices, Inc. (NYSE:AMD) garnered gains of 3.02 percent (10 cents) in the previous trading session to attain $3.41 per share.
