Equity Research - Analyst/Associate, Hardlines, Broadlines & Food Retail (New York)

About the role

Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists, and fixed income analysts cover all major regions and other asset classes around the globe. The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries, and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence, a passion for the markets, and the highest level of integrity. We are seeking an Analyst-level or Associate-level individual to join our Hardlines, Broadlines, and Food Retail team in New York City, covering a wide variety of retailers, including Walmart, Home Depot, and Costco.

Responsibilities

• Create and maintain earnings, valuation, and industry models, leveraging skills in accounting, finance, and economics
• Translate company, industry, consumer, market, and alternative data into insightful research reports with clear investment debates, differentiated conclusions, and actionable stock calls
• Write research reports for initiations of coverage, data analysis, earnings results, company updates, and industry news
• Develop and maintain relationships with investor relations personnel, management of companies under coverage, industry specialists, and other key leaders of opinion
• Engage with institutional investors by responding to in-depth questions, addressing bespoke requests, and helping communicate the team's highest-conviction views
• Support internal sales and trading teams with timely analysis of sector breaking news
• Adopt and apply AI-enabled research tools judiciously to accelerate information gathering