News Formal

Morgan Stanley is bullish on Japan, says its stocks are 'oversold and unloved'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Japan's stock markets are 'oversold and unloved' — the opposite of those in the U.S., said Morgan Stanley, predicting that the Topix may jump as much as 15% by June 2020.

, after stronger-than-expected quarterly profits from some of the largest publicly traded American companies.

"Although Europe and Japan can both be classified as being both unloved and undervalued, we prefer the latter as we feel that it offers a better potential earnings and profitability story and more compelling undervaluation," it added. But the bank painted a rosy outlook for corporate earnings, and said that any improvement in China's economy could also be good news for Japanese companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you visit Japan, you’d see why they are oversold. It’s like being in the US in the late 90’s. Technologically, they are pretty far behind 🤷🏽‍♂️

So time to sell japanese stocks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MORGAN STANLEY: Trump's trade war is only part of the battle. Here are 4 other reasons the stock market's struggles are just beginning.Morgan Stanley CIO Michael Wilson says he's identified four serious threats to the market that go beyond the worsening US-China trade war.
Source: BusinessInsider - 🏆 729. / 51 Read more »