Stocks are on a roll this year. The tech-heavy Nasdaq is up 35% and the broader S & P 500 's not far behind despite a relentless rise in interest rates by the U.S. Federal Reserve. However, according to Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, these are all reasons to be a "little cautious" following the busiest week for earnings.
line Stocks on the radar The portfolio manager added that Microsoft and AI chip stock Nvidia are on his radar as potential investments, but not "until earnings season is behind us." Slimmon pointed out that the broadening of investors' interests is also likely at play, adding further selling pressure to Big Tech stocks. For instance, while the Nasdaq has been volatile during the earnings period so far, the Dow Jones Industrial Average rose for 13 consecutive sessions.
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.
3 stocks set to benefit from housing recovery: Morgan StanleyAmerica's housing market has a unique advantage that makes it more stable than other countries', Morgan Stanley says — and names its 3 favorite stock picks for the recovery
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: markets - 🏆 324. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
38 stocks to buy for strong earnings growth: Morgan StanleyMorgan Stanley: Buy these 38 stocks that will increase their profits during another better-than-feared earnings season
Source: BusinessInsider - 🏆 729. / 51 Read more »
11 stocks that can survive lower inflation: Morgan StanleyMorgan Stanley: Lower inflation has an unusual downside for companies reporting earnings right now, but these 11 stocks will be able to survive and thrive
Source: BusinessInsider - 🏆 729. / 51 Read more »