Morgan Stanley continues to be bullish on U.S. stocks: Strong earnings outlook, recommends buying on dips
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Morgan Stanley strategist Michael Wilson stated that the corporate earnings outlook is strong for the next year and advised investors to buy on dips during sell-offs in the U.S. stock market. Despite the S&P 500 facing weak labor market conditions and inflationary pressures related to tariffs, Wilson believes that pullbacks present good buying opportunities. The second quarter earnings season exceeded expectations, with S&P 500 constituent companies expected to achieve a 9.1% profit growth. Wilson pointed out that applications of artificial intelligence, a weaker dollar, and tax reduction policies will support the stock market
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