Odaily Planet Daily reports that Wall Street strategists are becoming increasingly optimistic about the US stock market. Forecasters from Morgan Stanley and Goldman Sachs point out that economic growth resilience will limit any pullbacks during the summer. Morgan Stanley strategist Michael Wilson abandoned his long-held bearish stance in mid-2024. He stated that the significant improvement in US corporate earnings prospects is positive for the S&P 500 index's performance by the end of the year. He reiterated a 12-month target price of 6,500 points, implying an approximate 8% increase from the current level. Goldman Sachs strategist David Kostin noted that recent market trends indicate investors are digesting optimistic growth prospects, with economically sensitive sectors outperforming defensive sectors. (Jin10)

Odaily Planet Daily News: Wall Street strategists are becoming increasingly optimistic about the U.S. stock market. Forecasters from Morgan Stanley and Goldman Sachs noted that economic growth resilience will limit any pullbacks during the summer. Morgan Stanley strategist Michael Wilson abandoned his long-held bearish stance by mid-2024. He stated that the significant improvement in U.S. corporate earnings prospects is positive for the S&P 500 index’s performance before year-end. He reaffirmed a 12-month price target of 6,500 points, implying an approximately 8% increase from current levels. Goldman Sachs strategist David Kostin indicated that recent market trends suggest investors are digesting optimistic growth prospects, with economically sensitive sectors outperforming defensive sectors. (Jin10)

Wall Street is increasingly optimistic about U.S. stocks, with Morgan Stanley and Goldman Sachs believing that economic resilience will support the stock market.