---
title: "Morgan Stanley strategist Wilson: Stock market laggards should catch up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/213332804.md"
description: "Morgan Stanley's Chief US Stock Strategist Mike Wilson predicts that if the latest non-farm payroll report shows economic resilience, stocks that have lagged behind the market may rise. Strong employment data could boost investor confidence, believing that growth risks have diminished. He reiterated his preference for defensive stocks and advised against buying small-cap stocks and underperforming cheap cyclical stocks as the economy slows down"
datetime: "2024-09-03T15:06:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213332804.md)
  - [en](https://longbridge.com/en/news/213332804.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213332804.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/213332804.md) | [繁體中文](https://longbridge.com/zh-HK/news/213332804.md)


# Morgan Stanley strategist Wilson: Stock market laggards should catch up

Morgan Stanley's chief US stock strategist Mike Wilson, who accurately predicted that traders should prepare for a US stock market pullback in early July and foresaw last month's market correction, stated that if Friday's US non-farm payroll report further proves the economy's resilience, stocks that have lagged behind the US stock market rally may receive a boost. Stronger-than-expected job numbers may make investors "more confident that growth risks have receded." Wilson reiterated his preference for defensive stocks and warned against buying small-cap stocks or "other cheap cyclical stocks that have underperformed in the past few years, mainly because economic growth is slowing down."

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- [Morgan Stanley (MS.US)](https://longbridge.com/en/quote/MS.US.md)

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