Better-than-feared earnings have spurred investor optimism for a second-half recovery. But weakness in some recent macroeconomic data points to trouble ahead.
Investors are in for a rocky second half of the year, so it's time to take a look at stable earnings growers, says Morgan Stanley's top strategist Mike Wilson. Stocks have had a solid run to start the year, with all three major averages higher, driven in part by confidence that the Federal Reserve will ease up on its tight money policy later in 2023. The Dow Jones Industrial Average is ahead 2.8%, and the S & P 500 has climbed more than 8.5%.
Megacap tech stocks continue to bolster the major averages, but the S & P 500 Equal Weighted vs. Cap Weighted Index ratio may be starting to break down, Wilson noted. "We continue to believe that if this were the start of a new bull market, these breadth measures would be showing significant signs of improvement," Wilson said. In this uncertain climate, the strategist said he prefers stocks with stable earnings. He turned up names in the top 1000 U.S.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Morgan Stanley upgrades GM, says stock is oversoldMorgan Stanley is eyeing General Motors with a bull-case scenario that could see the stock gain as much as 82%.
Consulte Mais informação »
Stanley Tucci on ‘Citadel’s Twists and Turns and His Favorite Thing to CookHe discusses the unique storytelling of the series, shares recipes, and says the Russo Brothers' 'The Electric State' is going to be 'huge.'
Consulte Mais informação »
Stanley Tucci details 'terrifying' cancer battle, including 6 months with a feeding tubeStanley Tucci credits his wife Felicity and his sister-in-law, 'Devil Wears Prada' co-star Emily Blunt, for helping him through his cancer ordeal.
Consulte Mais informação »
Stanley Tucci on ‘Citadel,’ health journey, passion for Italian foodIn this week’s Sunday Sitdown, actor Stanley Tucci joins Willie Geist for a look at his new spy series “Citadel” and a discussion about his delicious adventure “Searching for Italy.” Tucci also opens up about his health journey following his cancer diagnosis.
Consulte Mais informação »
Stanley Tucci Talks About His Oral Cancer Battle: “I Had A Feeding Tube For Six Months”Stanley Tucci is revealing details of his struggle with oral cancer after a 2017 diagnosis. Speaking with Willie Geist on the April 30 episode of “Sunday Sitdown,” Tucci, age 62, talked…
Consulte Mais informação »
What Would Stanley Kubrick’s Napoleon Movie Have Looked Like?Stanley Kubrick was determined to make a movie about Napoleon Bonaparte. But what would this unrealized feature have looked like?
Consulte Mais informação »