Stock picks to buy, 44 cheap companies poised to surge: Morgan Stanley
- Taking newly-released economic data into consideration, a team of Morgan Stanley equity strategists reiterated their belief that a V-shaped economic recovery is underway.
- They explained why Phase III vaccine data in November could be the catalyst for the recovery to gain further momentum and drive the reopening ahead.
- The team used quantitative screening and leveraged analyst research to identify 44 stocks across industries that are poised to surge as the economic rebound and reopening take off.
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Seven months into the coronavirus pandemic, questions still remain around whether the economy is still headed for a V-shaped recovery.
Morgan Stanley’s equity strategy team think it’s a firm “yes.”
Newly released economic data including expanding global purchasing-manager indexes, rising retail sales in the US and Europe, increasing global trade volume, and decreasing inventory levels are all pointing to an ongoing economic rebound, Morgan Stanley said in
