Range Bound Market as Margins Rebound; Earnings Driven Breakouts
Comment of the Day

October 26 2020

Commentary by Eoin Treacy

Range Bound Market as Margins Rebound; Earnings Driven Breakouts

Thanks to a subscriber for this report from Morgan Stanley by Michael Wilson and colleagues. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

There have been some notable earnings beats announced over the last week but SAP’s very disappointing results today raised important questions about the sustainability of tech earnings. There is a clear continued divergence between the winners and losers from the pandemic but the outlook for 2021 may be see some reallocation towards a recovery.

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