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Morgan Stanley strategists: Profit resilience will drive broader gains across U.S. stocks

Morgan Stanley strategists: Profit resilience will drive broader gains across U.S. stocks

老虎证券老虎证券2026/07/13 06:47
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The strategy team led by Mike Wilson wrote that, driven by broad-based profit recovery, the equal-weighted S&P 500 Index has outperformed the market-cap-weighted index since mid-May. The team's favored consumer discretionary and transportation sectors have shown relative advantages in the breadth of upward earnings revisions. The research report pointed out that corporate earnings report text analysis shows the momentum of artificial intelligence (AI) implementation continues to strengthen, also helping the market rally broaden. In the second quarter of 2026, 40% of companies identified as AI application enterprises mentioned that the implementation of AI brought at least one quantifiable benefit, higher than 37% in the first quarter of 2026 and 21% in the second quarter of 2025. About 25% of S&P 500 companies disclosed at least one measurable AI empowerment gain, a significant increase from 14% last year.
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