Traders are overestimating the lasting impact of corporate tax cuts — and Morgan Stanley says one crucial corner of the market is particularly at-risk

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Morgan Stanley's chief US equities strategist says capital spending is slowing, creating a threat to tech and other sector that investors are missing.

Those investments — called capital expenditures, or capex — are critical for companies in the tech and industrial sectors among other areas.are expected to slip in the current quarter, and Wilson says companies won't spend as much money on items like machinery and software if their earnings are weak.

Wilson adds that there is a second problem: forecasts for spending growth are actually going up, even though earnings forecasts are coming down.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 729. in US

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 is set to report first-quarter earnings — here's what the Street expectsMorgan Stanley is the last of the six largest U.S. banks to report first-quarter earnings. Very Interesting ! I also like InstaCryptoNews
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Qualcomm, Morgan Stanley, CSX & moreThese are the stocks posting the largest moves midday Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Netflix, IBM, PepsiCo, Morgan Stanley, Boeing & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

This top-ranked wealth manager for the ultrarich rarely trades stocks, even when the market is in turmoil. Here's why.Acclaimed wealth manager Brian Pfeifler of Morgan Stanley lays out what young investors can learn from his choice to rarely trade the stocks he buys.
Source: BusinessInsider - 🏆 729. / 51 Read more »