Reported about 9 hours ago
Morgan Stanley's strategist Michael Wilson forecasts a significant earnings divide in Corporate America this season, driven by a rallying dollar. Domestically focused sectors are expected to outperform those with substantial international revenues as a stronger dollar typically leads to varied S&P 500 performance. While certain sectors like household products and technology face higher foreign exposure, Wilson notes that robust domestic growth will keep overall S&P 500 resilience intact despite challenges.
Source: YAHOO