MORGAN STANLEY: Amazon’s explosive growth is masking a fault line in one of the market’s hottest sectors (AMZN)
|10/06/2018||Posted by BusinessMediaguide.Com under General World News||
- Amazon makes up 35% of the consumer-discretionary sector, one of the stock market’s strongest performers of the past decade.
- However, the company’s growth is masking a more “perilous” future through the end of this cycle for other stocks in the sector, according to Mike Wilson, Morgan Stanley’s chief US equity strategist.
- He reiterated his “underweight” rating on the sector in light of the recent reshuffling of S&P 500 sectors.
It’s not unusual for a handful of stocks to bear much of the burden of keeping the market afloat.
But on a smaller scale, specifically in the consumer-discretionary read more >>>