Hua Er Jie Jian Wen·2025-11-10 11:26Group 1 - Despite risks from trade tensions and government shutdowns, Wall Street institutions like Morgan Stanley maintain a bullish stance, believing strong corporate earnings growth will drive the stock market up by 2026, with short-term obstacles from interest rate uncertainty and policy disruptions [1] - Morgan Stanley strategist Michael Wilson noted "clear signs" of corporate earnings recovery, with U.S. companies enjoying better pricing power and a turning point in earnings forecast revisions, where downgrades are now less frequent than upgrades [1] - The S&P 500 index has risen 14% this year and is expected to achieve growth for the third consecutive year [1] Group 2 - The current earnings season has significantly exceeded expectations, with S&P 500 companies reporting nearly 15% profit growth in Q3, and many investment banks predict technology companies will drive most of the U.S. earnings growth next year [4] - UBS forecasts the S&P 500 will reach a record 7500 points by the end of 2026, representing an increase of over 11% from current levels [4] - Citigroup's index shows that since mid-October, the number of analysts raising earnings forecasts has outnumbered those lowering them, indicating a trend of improving corporate earnings [5] Group 3 - Oppenheimer's strategist John Stoltzfus believes it is premature to abandon semiconductor manufacturers and AI prospects, emphasizing the importance of these sectors in the current market [5] - Wilson maintains an optimistic outlook despite market pressures from Federal Reserve Chairman Powell's cautious stance on interest rates and escalating trade tensions, asserting that fundamental factors will ultimately dictate market direction [6]