June 30, 2025 04:01 AM GMT US Equity Strategy | North America Weekly Warm-up: Is the Equity Market Strength Justified? Equity markets have been resilient since bottoming in April, and the rally has been more fundamentally-driven than many appreciate. While there could be some consolidation during 3Q, we remain bullish on a 6-12 month horizon as EPS tailwinds expand, and the market has line of sight to Fed cuts. | M Weekly Warm-up: Is the Equity Market Strength Justified? Equity markets have been resilient s ...

streaming at CNBC. com plus. >> All right.Welcome back. Joined now by Maryland Bank of America private bank CIO Chris Heisey. Stocks having a pretty good go of it.It's nice to see you back here. You too Scott. Sound from the notes like you're pretty bullish.You expect earnings revisions to go up. Productivity and margin protection. Just the beginning.Oil prices not spiking. Tariffs going to be quiet. Financial conditions easier.Tech leadership I get that right. You're pretty bullish. That's the latter. That ...

And so, uh, Matt, you disagree with Wilson's take on earnings revisions. Yeah, I I do. I mean, I have huge respect for Mike and his work.Uh, and you know, he talked about the rate of change. I suppose the rate of change is improving, but uh, you know, earnings estimates are going down and have been going down almost every week. I mean, all every week, but like two in the last 10 months, and they have been going down since April.So, I know maybe the rate of change isn't as bad as it was. Uh, but they are goi ...

Our next guest says that wouldn't even necessarily be bearish for stocks. Let's bring in Mike Wilson, the CIO and chief US equity strategist at Morgan Stanley. Mike, um, you know, market selling off a little bit today, but to your point, um, this is nothing like what we might have seen if there were much bigger concern about massively spiking oil prices and instability across the region.I think that's right, Kelly. I mean, you know, the president is obviously acting uh very tough and supportive of Israel, w ...

June 16, 2025 04:57 AM GMT US Equity Strategy | North America Weekly Warm-up: Leading Indicators Point to Earnings Resiliency Key gauges we follow are pointing to a better EPS backdrop than many expect. Under the surface, we favor Capital Goods and Software, which are showing relatively strong EPS revisions in level and rate of change terms. These groups are also beneficiaries of a weaker USD and structural tailwinds. M Idea Morgan Stanley & Co. LLC Michael J Wilson Equity Strategist M.Wilson@morganstanley. ...

April 21, 2025 04:01 AM GMT US Equity Strategy | North America Weekly Warm-up: Range Trading Continues Until Clarity Arrives The S&P remains in the middle of our 5000-5500 trading range. Dispersion of EPS revisions is picking up, a sign that reporting season is likely more of a rotational driver. We recommend looking for quality stocks in industries where the set up is more de-risked and offer tools for idea generation. M Idea Morgan Stanley & Co. LLC Michael J Wilson Equity Strategist M.Wilson@morganstanle ...