Stocks to avoid: Sell these 11 overextended cyclicals: Morgan Stanley - Business Insider

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Morgan Stanley says avoid these 11 stocks that are overextended amid a global economic recovery

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The US bank continues to prefer cyclicals over defensives over the longer term, underpinned by its forecast that there will be "strong and synchronous multi-year recovery in GDP and EPS", which traditionally supports so-called real economy stocks, the note said. Value stocks, as measured by the S&P 500 Value index, rose by around 14% in November, marking one of their biggest ever one-month increases, while growth stocks, measured by the S&P 500 Growth index, rose around 9.7%.

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