Morgan Stanley analysts said Wednesday they believe that the market is poised for a potential bottoming out of earnings in the first quarter, followed by a sequential recovery in the second quarter, and an expansion in the second half of the year.
“Looking farther ahead, we believe earnings growth is set for a healthier runway through 2024,” Morgan Stanley analysts noted. The market view is backed by Morgan Stanley’s earnings model, which projects 10-15% growth on a forward 12-month basis.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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