Morgan Stanley says buy these defensive growth stocks as economy disappoints

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The firm conducted a defensive growth screen of stocks that it said have shown relative strength both year-to-date and more recently.

In an uncertain market environment, Morgan Stanley thinks investors can regain confidence with some large-cap defensive stocks. The firm screened for stocks that have shown relative strength both year-to-date and more recently, in terms of equal weight performance. All are members of the top 1000 by market cap universe, have outperformed on a year-to-date basis, and are classified as a growth stock based on Morgan Stanley's proprietary factor classification model.

An independent advocacy group of McDonald's owners has said the memo will be a "devastating financial blow" to its franchisees in the state. Still, Morgan Stanley analysts view the burger chain as a growth stock that is set to outperform in the coming months. Costco is another one of Morgan Stanley's picks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This nutritional snack company has a leg up on competitors, Morgan Stanley says in upgradeA diverse product offering could provide this company an edge over market competitors, according to Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »