Stocks are set for big swings this earnings season , and that spells opportunity for investors to buy and short some names, according to Morgan Stanley.
More important for investors this earnings season will be the 2023 guidance, the firm said.
Given this, traders should expect a rise in price dispersion over the next couple weeks as corporate earnings season unwinds.
Seventy companies in the S & P 500 have released results so far this earnings season, according to FactSet data.
Here are three positive names, and two negative, that Morgan Stanley highlighted: Bath & Body Works will react positively to earnings, according to Morgan Stanley.