Morgan Stanley’s long-time equities bear says US stocks are ripe for a short-term rally in the absence of an earnings capitulation or an official recession.
A 25% slump in the S&P 500 this year has left it testing a “serious floor of support” at its 200-week moving average, which could lead to a technical recovery, strategist Michael J. Wilson wrote in a note on Monday.
Wilson -- one of Wall Street’s most prominent bearish voices, who correctly predicted this year’s slump -- said he “would not rule out” the S&P 500 rising to about 4,150 points -- suggesting 16% upside from its latest close. “While that seems like an awfully big move, it would be in line with bear market rallies this year and prior ones,” he said, while retaining his overall negative long-term stance on equities.
Goldman Sachs Group Inc. strategists, meanwhile, said the S&P 500 remains expensive versus history and accounting for interest rates. Yet they see attractive opportunities in stocks linked to quicker cash flow generation, value, profitable growth, cyclicals and small caps, the strategists including David J. Kostin wrote in a note dated Oct. 14.
Morgan Stanley’s long-time equities bear says US stocks are ripe for a short-term rally in the absence of an earnings capitulation or an official recession. =====================
but there is going to be an earrings capitulation and recession..............................
Big tech stocks jumped in premarket trading. Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Tesla, Nvidia and Netflix all rose more than 1%. =========
Byd no good lah. Buffolo us selling leh. Geely ok lah. But china stocks now all also not good leh. Suka suka lockdown as the zero covid policy still maintained lagi leh. Haiyoh. Correct?
Taiwan Semiconductor Manufacturing +0.48% Pre Kingsemi Co.,Ltd. +10.93% By Liza Lin and Karen Hao
SINGAPORE -- American workers hold key positions throughout China's domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under new U.S. export control rules that prohibit U.S. citizens from supporting China's advanced chip development.
At least 43 senior executives working with 16 publicly listed Chinese semiconductor companies are American citizens, according to an examination of company filings and official websites by The Wall Street Journal. Many of them hold C-suite titles, from chief executive to vice president and chairman.
Almost all of the executives moved to China's chip industry after spending years working in Silicon Valley for U.S. chip makers or semiconductor equipment firms, according to the companies' filings. Their work histories reflect the free flow of talent across companies and borders over the years. Some were drawn to China through initiatives including the country's "Thousand Talents" program, which was introduced in 2008 by the Chinese government to boost research standards.
The Commerce Department this month imposed export controls over an array of chips and chip-making technology, marking the U.S.'s biggest salvo against China's tech industry so far.
when Biden priority is to destroy China even if it means destroying America........................ u know its new era. ................. but they cannot stop China.
You mana dengar one. Ular mari HY will banklap lah. Another one know Ular so well leh. You believe so then those millionaires should sell before too late leh. Haiyoh. Correct?
Zahid maintains Ismail Sabri is Umno's PM candidate..................this will make sure they win comfortably................................. ular and everyone in i3 says President become PM............all wrong.
I got a lot of email ask me to go vote for ubar.............ubar what? ular? its actually UMNo that shows interest in ubar.....................................................ular ubar or ubar ular? ever since sheraton, it is UMNo that is doing reformasi..................................................................
Ular belum undi lagi. Ular atas pagar duduk lagi. Banjir mari takda balik undi nanti. Haiyoh. Correct?
brightsmart
I got a lot of email ask me to go vote for ubar.............ubar what? ular? its actually UMNo that shows interest in ubar.....................................................ular ubar or ubar ular? ever since sheraton, it is UMNo that is doing reformasi..................................................................
Not yet menang siapa jadi PM pun belum tau lagi. Haiyoh. Correct?
brightsmart
Zahid maintains Ismail Sabri is Umno's PM candidate..................this will make sure they win comfortably................................. ular and everyone in i3 says President become PM............all wrong.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TraderAlways
97 posts
Posted by TraderAlways > 2022-10-17 16:08 | Report Abuse
If HY next quarter cannot push the price up. Still got the next next quarter. No worry.