Corporate profitability resilience overwhelms war worries! Under the narrative of the AI bull market, US stocks may break the "May curse"

According to the Securities Times APP, Morgan Stanley strategists stated that the strong profits of U.S. companies, led by the booming technology sector, are overshadowing concerns about the possibility of Middle East conflicts dragging down the stock market. In a report by the team of strategists led by Michael Wilson at Morgan Stanley, it was mentioned that the first quarter earnings season delivered strong results, with the median earnings per share of S&P 500 index components surpassing market expectations by 6%, the strongest performance in four years. At the same time, in the past month, earnings expectations for the S&P 500 index have been raised on multiple time horizons - second quarter earnings expectations rose by 2%, while earnings expectations for the full year of 2026 and the next 12 months increased by 3% and 4% respectively.