, as the pandemic rages on, but focusing on"high-quality factors" can help reveal long-term winners, Morgan Stanley said.
Only 8% of the small-cap Russell 2000 still provide guidance, down from 21% a year ago, the bank said in a note on Wednesday. But in its absence, a superior approach is to explore"quality factors" that reflect the underlying health of a company, Morgan Stanley said. Lerner and his team found that an effective way to"find alpha in earnings surprises" is to go long high-quality stocks that have beat consensus earnings and revenue estimates, and short low-quality stocks that missed expectations.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม: