According to ME News, on May 4 (UTC+8), Morgan Stanley strategists stated that strong U.S. corporate earnings, particularly from the thriving technology sector, have overshadowed concerns that the Middle East conflict could exert pressure on stock markets. Michael Wilson’s team wrote in a report that over the past month, earnings expectations for the S&P 500 have been raised across multiple time frames: second-quarter earnings forecasts were increased by 2%, while full-year 2026 and next 12-month earnings forecasts were raised by 3% and 4%, respectively. (Source: ChainCatcher)
Morgan Stanley: Strong Earnings Outweigh Geopolitical Concerns
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Summary
Morgan Stanley strategists noted that robust U.S. corporate earnings, particularly in technology, have overshadowed concerns stemming from the Middle East conflict. A daily market report by Michael Wilson showed that S&P 500 earnings forecasts have increased across all timeframes, with Q2 estimates up 2%, and 2026 and 12-month forward estimates up 3% and 4%, respectively. The Fear & Greed Index remains tilted toward optimism amid these upward revisions.
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