Reported 2 months ago
Morgan Stanley's Michael Wilson indicates that unclear growth signals and deteriorating corporate earnings forecasts are likely to limit gains in the stock market. He expects the S&P 500 Index to fluctuate between 5,000 and 5,400 points, reflecting minimal upward movement or a potential decline. With analysts anticipating more profit downgrades than upgrades, Wilson highlights that the upcoming periods may be particularly challenging for stocks, despite a strong earnings season in the second quarter.
Source: YAHOO