Andrew Slimmon | Source | Managing Director and Senior Portfolio Manager at Morgan Stanley Investment M...
Andrew Slimmon
Managing Director and Senior Portfolio Manager at Morgan Stanley Investment Management
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Morgan Stanley Investment Management (https://www.morganstanley.com/im)
Managing Director and Senior Portfolio Manager
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US STOCKS-Wall St rebounds as earnings roll in, short worries ease
* Dow up 1.63%, S&P 500 up 1.80%, Nasdaq up 1.47% (Adds comments, updates prices throughout)
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You come into today and so many companies have beat estimates and yeah, maybe some of them are a little weak, because they were strong going in. What has been consistent since the pandemic is Wall Street has been too bearish on earnings estimates and I thought at some point this is going to run out of steam, and it ain’t running out so far.
