Reported 1 day ago
Morgan Stanley's analyst Michael Wilson suggests that investors should purchase US stocks on any dips triggered by Moody's recent credit rating cut, citing improved odds of avoiding a recession due to a trade agreement with China. Despite concerns about rising bond yields and the potential for market volatility, Wilson remains optimistic about corporate earnings and the stock market's resilience. He notes that the recent instability has not significantly affected corporate profitability, and he believes US stocks will continue to find favor among investors.
Source: YAHOO