The S&P 500 will soon wipe out all of its year-to-date gains as the market properly prices in the weak macro environment, Morgan Stanley strategists said in a Monday note to clients, though the oft-bearish analysts offered various picks for stocks set up well for the turbulence on deck.The analysts, led by the bank’s top investment strategist Michael Wilson, set a 3,900 year-end target for the S&P, indicating 8.
Still, Wilson and company offered up numerous picks for equities best-positioned to weather the upcoming storm.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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...
Source: MarketWatch - 🏆 3. / 97 Read more »
Morgan Stanley's Mike Wilson says don’t buy this breakout, a market correction is comingThe widely followed strategist stood by his base case for S&P 500 to finish 2023 at 3,900, about 9% below the current level.
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next yearMorgan 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.
Source: Reuters - 🏆 2. / 97 Read more »