Magnificent Seven Stocks to Continue Outperforming, Morgan Stanley Predicts

Morgan Stanley's Michael Zezas believes the outperformance of the "Magnificent Seven" stocks, including Microsoft, Johnson & Johnson, Procter & Gamble, Coca-Cola, PepsiCo, 3M, and ExxonMobil, is not over. He notes that US mid- and small-caps have also performed well, driven by strong fundamentals and a favorable earnings season. Zezas expects this trend to continue, with the S&P 500 potentially reaching 4,800 by year-end.