Morgan Stanley’s 0.76B Volume Ranks 151st as OBBBA Boosts Apple’s Hardware Cash Flow

On July 30, 2025, Morgan Stanley (MS) rose 0.96% with a trading volume of $0.76 billion, ranking 151st in market activity. Analysts highlighted the firm’s assessment of the One Big Beautiful Bill Act (OBBBA), which could boost free cash flow (FCF) for IT hardware firms, including Apple. Morgan Stanley projected the legislation could generate over $12 billion in incremental cash flow for covered companies in 2025, with Apple expected to account for 90–95% of the FCF uplift in its hardware sector coverage. The bill’s immediate tax deductions for R&D and capital expenses were emphasized as a key driver, though analysts noted the benefits are timing-related rather than long-term structural changes.

The bank’s analysis suggested sustained annual tailwinds for select hardware firms like Garmin and Cricut, with Apple and Resideo also benefiting. However, companies such as Dell, IBM, and Sonos were deemed unlikely to gain materially. The focus on near-term cash flow acceleration aligns with investor interest in sectors where liquidity gains can directly impact earnings visibility, potentially influencing institutional positioning and sector rotation dynamics.

A volume-based trading strategy purchasing the top 500 stocks by daily trading volume and holding for one day returned 166.71% from 2022 to the present, outperforming the benchmark’s 29.18%. This outperformance reflects the strategy’s capture of short-term momentum in high-volume stocks, driven by liquidity and investor attention. The approach’s consistency across names like PTC, Adobe, and Coca-Cola underscores the broad applicability of volume-driven positioning in capitalizing on market activity and sector adjustments.