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[Morgan Stanley: Continue to hold high-quality U.S. stocks before the earnings season.] On October 12, Morgan Stanley strategists said that before the earnings season comes, investors should continue to hold high-quality U.S. stocks with continued improvement in earnings per share. The team, led by Michael Wilson, said lower valuations created better entry opportunities for high-quality cyclical stocks. "The relative performance of the financial sector may be the most important factor in determining the short-term direction of the stock market." The report said that as the correction continues, the scope of investment opportunities in high-quality stocks is expanding.
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