Soaring Profits in EM Build the Case for a Raging Bull Market (opens original article in a new tab)

Emerging market companies are reporting higher-than-expected profits, signaling a potential bull market rally driven by tech firms and other sectors.

• Companies in emerging markets are beating profit estimates for the first time in four years.
• Asian tech firms are leading the profit growth, with other sectors like Indian oil refiners and Brazilian electricity companies also improving.
• Investors like Morgan Stanley and JPMorgan Chase & Co. predict the bull market will spread beyond AI-related stocks.