The end of one year or the start of another is a great time to review your portfolio. That exercise might be extra helpful in 2020. How did each company do in the past year? Were they materially changed, for better or worse, by the economy or the pandemic? Are there sectors or stocks out there that you may have overlooked that are now in a better position for long-term growth?
These are all good questions to ask. In my review, I have found several good options in the financial sector, which, for the most part, struggled more than most in 2020. But there were also some strong performers in the sector that managed to not only survive, but thrive, and remain poised for good things going forward.
For such a big name in the financial sector, Morgan Stanley (NYSE: MS) has flown below the radar this year, at least as far as investors are concerned. But the investment banking and asset management giant made some big moves in 2020.