$ASML Holding (ASML.US)$ Semiconductors, non-essential consumer spending, and communications services are identified as promising industries. Wilson acknowledges that they may face more unfavorable factors, but he states that they have already "taken a step in the right direction".
He stated that overall, Morgan Stanley adopts a dual strategy, favoring both the 'excellent companies' that can provide operating profits and cash flow during market volatility, as well as those that provide realistic, or even overly pessimistic guidance, and have revised down their estimates multiple times. $Tesla (TSLA.US)$ $Apple (AAPL.US)$