Morgan Stanley: Khuyến nghị tránh cổ phiếu nhỏ và chu kỳ của Mỹ

The July 1st news from Jinshi Data, Morgan Stanley strategists said that stock market investors entering the US election season should continue to select stocks and maintain a preference for high-quality US stocks, as the market is considering a scenario in which the Republican Party wins after last week’s debate. Strategists led by Michael Wilson said that investors should focus on high-quality stocks, which typically have more stable earnings, stronger balance sheets, and higher gross profit margins, while staying away from small-cap cyclical stocks. ‘The downside risk of growth in the scenario of a Republican victory is partly due to immigration reform and tariffs,’ they wrote. Considering that inflation and fiscal sustainability have also become concerns, this dynamic ‘may be unfavorable for low-quality cyclical sectors and small-cap stocks in this scenario.’