Morgan Stanley says to buy these 15 highquality stocks juicing profits ahead of earnings season
News Source : Business Insider
News Summary
- Stocks and the economy have plenty of room to run, Morgan Stanley says.
- The bank says there are some "hallmark" signs of mid-cycle dynamics.
- The market is starting to place emphasis on stocks whose earnings continue to grow, it says.
- Morgan Stanley shared a list of high-quality stocks that fit four criteria: top 1,000 by market cap, improved earnings estimates from three months ago, and rated "Overweight" by the bank's analysts.
- The 15 largest stocks on the list are: NVIDIA, Apple, Costco, Visa, Gilead Sciences, and ServiceNow.
A few years of redhot stock returns, some shaky recent economic data, sticky inflation, and a Fed raising interest rates may make you worry were nearing the end of an economic cycle.
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