-- A dimmer outlook for US corporate earnings is likely to hurt stocks that are tied to the economy, as investors worry about the impact of falling inflation on pricing power, according to Morgan Stanley’s Michael Wilson.The strategist — who was among the biggest bearish voices on US stocks last year — said that a gauge that measures profit upgrades versus downgrades has turned weaker, as is typical for this time of the year. That’s being driven primarily by so-called cyclical sectors.
The biggest technology stocks have also suffered in the latest selloff, with investors preferring smaller stocks that are cheaper. Morgan Stanley’s Wilson said he continued to recommend large-cap stocks, “though we are watching the fundamental and technical backdrop for small caps closely.” Female Infertility Market Analysis and Drug Forecast Report 2024: R&D Strategies Focused Largely on Improved Versions of Current Drugs
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley Says Buy French Stocks as Election Risk to FadeInvestors should buy French stocks before Sunday’s second round of the snap parliamentary elections because the market is likely to rebound in either of the two most probable outcomes, according to Morgan Stanley strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Morgan Stanley Says Buy French Stocks as Election Risk to Fade(Bloomberg) -- Investors should buy French stocks before Sunday’s second round of the snap parliamentary elections because the market is likely to rebound in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’Traders should brace for a correction in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’(Bloomberg) -- Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Hedge funds' bets on software companies hit record lows, Morgan Stanley saysGlobal hedge funds' exposure to software stocks in the U.S. reached 'new multi-year lows' last week after a broader sell-off in the technology sector, Morgan...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »