- Bond markets would likely benefit if U.S. President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the government spending, Morgan Stanley's chief investment officer said on Wednesday.
Companies and analysts revise earnings to include new information about their performance or to account for changes in the economy. While U.S. first-quarter earnings growth remains stronger than expected, executives at companies with smaller market capitalization have hinted at softer consumer demand and muted loan growth."We ought to own stocks with positive earnings revision in the economic and political backdrop we have, and that lends itself to large-cap quality stocks," Wilson said.Of the 496 companies in the S&P 500 that reported earnings till June 7, 78.
Wilson expects the energy and financials sectors along with small-caps to gain if Trump gets into office, and large cap growth companies benefiting from a possible Biden victory.Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
Donald Trump never paid $380,000 a British court said he owed over the 'golden showers' dossier, former spy says It turns out these judges - all appointed by Republican former President Donald Trump - got the history wrong, the U.S. Supreme Court decided on May 16 in a 7-2 decision authored by conservative Justice Clarence Thomas, saving the Consumer Financial Protection Bureau from an existential threat. It was one of several far-reaching decisions by the 5th U.S.
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