Morgan Stanley urges clients to do this amid market uncertainty

See why Morgan Stanley is worried and how they're guiding their clients.

VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Playbooks from CNBC Pro Morgan Stanley Wealth Management is worried and tells clients to get diversified With the S&P 500 index touching a new all-time high Wednesday, U.S. stocks remaining pricey and valuations appearing stretched, investors should make sure to keep a diversified portfolio, according to Morgan Stanley Wealth Management.  "Policy uncertainty from the new administration appears underpriced. 2025 is not at all like 2017, and we view the risks as much higher," said Lisa Shalett, chief investment officer and head of the wealth management unit's global investment office. Here's what Shalett suggests investors do.  READ NOW Get Analyst Calls with CNBC Pro: Piper Sandler downgrades Boston Beer after disappointing Hard Mountain Dew rollout Piper Sandler is lowering its growth targets on Boston Beer after a recently disappointing launch of Hard Mountain Dew. READ NOW>> Netflix gets an upgrade from Wolfe Research after big earnings report Netflix's strong fourth-quarter results has Wolfe Research upbeat on the stock's future. READ NOW>> Electronic Arts gets a downgrade from Raymond James after video game maker's guidance cut Raymond James is stepping to the sidelines on Electronic Arts after the video game maker cut its full-year guidance. READ NOW>> Like getting these emails?  Subscribe to CNBC Pro today and get access to unlimited Pro articles, access to Pro live events, stock tips, and money-making investment ideas. Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2025 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS

Catch up on this week's CEO lineup

CNBC Pro grants you access to C-Suites and beyond!

VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Interviews & Pro Exclusives from CNBC Pro Get a Seat at the C-Suite Table With CNBC Pro's Exclusive Interviews Imagine having the opportunity to sit down with the top CEOs and industry leaders — getting their insights, strategies, and forecasts directly from them. With CNBC Pro, this isn't just a dream; it's your new reality. As an exclusive Pro subscriber, you'll stay connected with business titans and Wall Street pros will a full suite of interviews on-demand. GET ACCESS Take a look at some of our popular interviews from this week below, and watch them on-demand anytime, anywhere as a Pro subscriber! Dive Into Pro's Full CEO Interviews: WATCH NOW Stanley Druckenmiller, Duquesne Family Office chairman and CEO  Druckenmiller joins CNBC's 'Special Report' as President-elect Donald Trump is inaugurated as the 47th U.S. president, becoming the second to serve two non-consecutive terms. WATCH NOW Ray Dalio, Bridgewater founder  Dalio joins 'Squawk Box' to discuss the state of the economy, reducing the budget deficit, market valuation, applications of AI, owning alternative money, his thoughts on bitcoin, and more. WATCH NOW Jamie Dimon, JPMorgan chairman and CEO Dimon discusses the second Trump administration, the U.S. economy, impact of Trump's tariff proposals and EOs, state of the global markets, impact of the strong dollar, his relationship with Elon Musk, investing landscape, future of DEI in corporate America, his thoughts on the crypto industry, succession plans at JPMorgan, and more. WATCH NOW Satya Nadella, Microsoft chairman and CEO Nadella discusses the $500 billion Stargate AI project, the company's partnership with OpenAI, state of the AI technology race, U.S.-China chip war, M&A outlook in the second Trump administration, the company's climate pledges, impact of AI on the labor market, and more. WATCH NOW Brian Moynihan, Bank of America CEO Moynihan discusses the state of the banking industry, what to expect under the new Trump administration, future of community banks, M&A outlook, future of crypto, state of the economy, global investing landscape, and more. WATCH NOW Dario Amodei, Anthropic CEO Amodei discusses the state of the AI development, whether we're close hitting 'a wall', state of AI technology race, how Claude stacks up to competitors, Anthropic-Amazon partnership, and more. WATCH NOW Rene Haas, Arm Holdings CEO Haas joins 'Squawk on the Street' to discuss the $500 billion Stargate AI project, investing in AI infrastructure, financial details of the project, and more. Like getting these emails?  Subscribe to CNBC Pro today and get access to unlimited Pro articles, access to Pro live events, stock tips, and money-making investment ideas. Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2025 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS