Morgan Stanley says US stocks will soar 10% by mid-2021 as V-shaped economic recovery boosts profit growth
Morgan Stanley on Monday updated its base case for S&P 500 growth through June 2021, citing a swift economic recovery.
"A faster re-opening than expected along with a powerful combination of fiscal an monetary stimulus all support an economic and earnings recovery," Wilson wrote.Morgan Stanley just boosted its price target for the S&P 500 on optimism that a V-shaped economic recovery from the coronavirus pandemic will lead to profit growth.
"Ultimately our new risk reward range skews positively with greater upside to our bull case than downside to our bear case," Wilson wrote. from the shock of the coronavirus pandemic to drive slightly better-than-expected results this year and a material rebound of 20% in 2021. The firm has maintained a positive outlook on US equity markets from March lows as it's a new economic cycle and bull market, according to the note.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Morgan Stanley doubles down on 'V-shaped recovery' and raises stock market forecastMorgan Stanley says it has greater confidence in a 'V-shaped' recovery from the coronavirus pandemic, citing positive economic data and policy action from health authorities, governments and central banks.
Lire la suite »
Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter | Markets InsiderMorgan Stanley boosted its call for a 'sharp but short' recession ending by 2021 as economies surge back to pre-pandemic output levels. The firm...
Lire la suite »
Piers Morgan told Kate Garraway to treat husband's condition like breaking newsThe Good Morning Britain host told Kate to treat the situation like it was live news story and gather as much information as she could, after Derek Draper was placed into a coma as he fought coronavirus
Lire la suite »
Piers Morgan says Kate Garraway's husband's battle for life is 'unbearably sad'Piers Morgan has spoken out about his Good Morning Britain co-presenter Kate Garraway and that her husband Derek Draper may 'never come home'
Lire la suite »
Morgan Stanley doubles down on 'V-shaped recovery' and raises stock market forecastMorgan Stanley says it has greater confidence in a 'V-shaped' recovery from the coronavirus pandemic, citing positive economic data and policy action from health authorities, governments and central banks.
Lire la suite »
Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter | Markets InsiderMorgan Stanley boosted its call for a 'sharp but short' recession ending by 2021 as economies surge back to pre-pandemic output levels. The firm...
Lire la suite »