Morgan Stanley raises Wynn Resorts stock price target to $132 ahead of UAE event

US stocks experienced a rally driven by gains in technology sectors and optimism surrounding potential Federal Reserve interest rate cuts, as discussed by various financial experts on Bloomberg Television's 'The Close'.

Jim Caron, CIO of Morgan Stanley Investment Management, predicts that inflation will not pose as significant a challenge in 2026, with 2025 expected to be a transitional year marked by a soft patch in the economy. He noted that while the labor market may experience initial weakening, it is anticipated to strengthen in the long run.

Jim Caron, CIO of Morgan Stanley Investment Management, stated on Bloomberg that the market is uncertain about the likelihood of a Federal Reserve rate cut in December, suggesting a 50/50 chance. This uncertainty follows mixed signals from economic indicators and employment data.

Morgan Stanley has raised its stock price target for JOYY to $66, driven by expectations of growth in advertising revenue. This adjustment reflects the firm's confidence in JOYY's potential to capitalize on increasing ad spending in the digital space.

Morgan Stanley has projected that the Canadian dollar is set for a recovery by 2027, indicating a positive outlook for the currency amid current economic fluctuations. This forecast comes as the market grapples with uncertainties surrounding interest rates and inflation.

DMGT, the publisher of the Daily Mail, has finalized a £500 million acquisition of the Daily and Sunday Telegraph, marking a significant shift in the UK media landscape. This deal consolidates two major right-leaning newspaper groups, which has been a topic of speculation and negotiation for over two years.

Morgan Stanley strategist Michael Wilson expressed a bullish outlook for stocks in 2026, projecting the S&P 500 to reach 7,800. He emphasized the necessity for the Federal Reserve to implement rate cuts and highlighted the ongoing rally in AI stocks during an interview on Bloomberg Surveillance.

Morgan Stanley strategist Michael Wilson expressed concerns that the Federal Reserve is not acting swiftly enough in cutting interest rates, suggesting that further reductions are necessary. He anticipates a significant rally in the S&P 500, projecting it could reach 7,800 within a year, which is among the highest forecasts from Wall Street firms. Wilson shared these insights during an interview on Bloomberg Surveillance.