Economic Information Daily reported on the 20th that Morgan Stanley strategists said the U.S. stock market correction is nearing its end, and investors should prepare to increase allocations to risk assets, recommending a focus on high-quality companies with improved earnings expectations.
The team led by Wilson (Michael Wilson) said the market sell-off is approaching its end, and investors may consider taking the opportunity to buy stocks. They believe the S&P 500 index still has downside potential, possibly declining rapidly or gradually in November, but they view this decline as a buying opportunity rather than the beginning of a new deep bear market.
The strategists particularly recommend high-quality companies with upward earnings expectations and those rated overweight by Morgan Stanley. Targets include Alphabet, Apple, Broadcom, Micron and other companies. (rc)
The team led by Wilson (Michael Wilson) said the market sell-off is approaching its end, and investors may consider taking the opportunity to buy stocks. They believe the S&P 500 index still has downside potential, possibly declining rapidly or gradually in November, but they view this decline as a buying opportunity rather than the beginning of a new deep bear market.
The strategists particularly recommend high-quality companies with upward earnings expectations and those rated overweight by Morgan Stanley. Targets include Alphabet, Apple, Broadcom, Micron and other companies. (rc)