Morgan Stanley Says Tech Earnings Outweigh Iran Conflict Concerns
Morgan Stanley strategists believe strong corporate earnings—particularly in the tech sector—are overshadowing concerns about a potential escalation of conflict involving Iran. Recent revisions to S&P 500 earnings forecasts have risen across multiple time horizons, with second-quarter estimates up by 2% and full-year projections increasing by 3-4%. The firm notes that hyperscalers and semiconductors are key drivers due to strong cloud demand.
Tickers: $MS
Topics: market sentiment Morgan Stanley analysis S&P 500 earnings tech sector