Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Here are Morgan Stanley’s best deals for the winnings season

Here are Morgan Stanley’s best deals for the winnings season



Pedestrians wearing masks walk past Microsoft Technology Center in New York on Wednesday, July 22, 2020.

Jeenah Moon | Bloomberg via Getty Images

(This story is about CNBC Pro subscribers only.)

Morgan Stanley believes profits hit bottom in the second quarter and the current reporting season offers good buying opportunities for investors.

The bank̵

7;s top strategic shareholder in the US, Michael Wilson, said the consensus of a 21% drop in S&P 500 profits would be a big enough improvement to confirm that the second quarter was the lowest quarter for the cycle. S&P 500 earnings fell 30.6% in the previous quarter, according to Refinitiv.

The bank pointed to 15 names that its analysts are strongly convinced are entering the profit season. The company’s analysts believe that one or more upcoming events will significantly affect the share price over the next 15 to 60 days.


Source link