A man stands at the window of an office at a Capital One bank in New York City.
Johannes Eisele | AFP | Getty Images
Morgan Stanley has a list of stocks its analysts believe will outperform the market in the next few weeks as the companies report what’s expected to be strong first-quarter earnings results.
“Our analysts believe that one or more imminent events will drive the share price materially over the next 15-60 days,” Morgan Stanley’s team of analysts wrote. “For each of these stocks, our analyst has high conviction in a view that diverges from the Street’s, and expects a near-term event to drive the stock as the market’s view moves closer to ours.”
The firm’s Chief U.S. Equity Strategist Mike Wilson predicts a 24.4% jump in earnings for the first quarter as a growing number of American firms recover from pandemic shutdowns that began one year ago.