$ASML Holding(ASML.US)$ Semiconductors, non-essential consumer spending, and communication services are among the promising industries. Wilson acknowledged that they may face more headwinds, but said they have “taken a step in the right direction.”
He said that overall, Morgan Stanley has adopted a dual strategy, favoring not only “excellent companies” that can provide operating profit and cash flow during periods of market turmoil, but also companies that provide realistic or even overly pessimistic guidelines and have lowered their estimates many times. $Tesla(TSLA.US)$ $Apple(AAPL.US)$