According to online reports, Morgan Stanley strategists said U.S. large stocks are attractive because they are expected to benefit from fiscal spending bills and strong performance prospects. The team led by Michael Wilson said the tax reform bill may be expected to improve cash flow, supporting investment logic in sectors such as technology, communications services, health care and energy. In addition, a significant improvement in the breadth of earnings forecast revisions-that is, the number of analysts raising earnings forecasts minus the number of analysts lowering them-has boosted investor sentiment amid continued trade uncertainty, Wilson pointed out. He reiterated his preference for the financial and industrial sectors and pointed out that the sector's earnings forecast has been significantly increased in the near future. "The new tax reform bill is good for large-cap indices, as is the strong earnings per share revision," Wilson wrote in the report.