News Formal

Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year

  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve's policy will become more accommodative.

Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year.

The Wall Street bank warned that the EPS of S&P companies could slip to $185 from $195 in 2023 before recovering to $239 next year. "The boom/bust period that began in 2020 is currently in the bust part of the earnings cycle — a dynamic that's not yet priced," Wilson said. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. The index closed at 4,282.37 on Friday.

A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia CorpSuch factors have held back a correction in markets, the bank added.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These ‘all weather’ best-in-class stocks are a must-own as summer nears, Morgan Stanley saysMorgan Stanley analysts named a slew of stocks to buy ahead of summer.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Morgan Stanley sees an earnings wipe out ahead for Wall Street's unloved stock rallyMorgan Stanley strategist Mike Wilson still expects "a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »