Morgan Stanley Says Investors Should Look Beyond U.S. Stocks. Here's Where It Sees Opportunities.
Andrew Slimmon said rising earnings estimates are lifting Japanese and European stocks, with banks and defense among the strongest areas.
6 Articles
6 Articles
Morgan Stanley is urging investors to look to Japan and Europe for investment opportunities in sectors such as banking and defense. Despite the perception that these markets have lagged behind the U.S., with corporate earnings often falling short of expectations, that picture is changing, according to Andrew Slimon, a senior portfolio manager at Morgan Stanley. Speaking on CNBC’s “Squawk Box Asia,” Slimon said that more and more companies are re…
The US stock market has been treading water since May, despite the Fed raising interest rates last week. Morgan Stanley portfolio manager Andrew Slimmon is now urging investors to also look to Japan and Europe, where companies' profit forecasts are being revised up. In an interview with CNBC, Slimmon says that the old image of Japan and Europe as markets where profits often disappoint is changing. He sees the rising profit forecasts as a reason …
Why Morgan Stanley Sees Opportunities in Japanese and European Stocks
Morgan Stanley's Andrew Slimmon sees opportunities in Japanese and European markets, with European defense among the sectors he flagged. Slimmon said the impression that these markets lag the US because earnings often disappoint is starting to change. What Morgan Stanley Sees in Japan and Europe...
According to an investment report by the Bank of Japan and Europe, stocks in Japan and Europe provide exceptional opportunities to diversify portfolio investment during the current phase, backed by a wave of upward adjustments in the estimates of corporate profits in those areas, which enhance their attractiveness against high assessments of American markets. Andrew Slimon, chief governor's manager of the Bank of Japan, explained that the earlie…
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