Morgan Stanley says buy these defensive growth stocks as economy disappoints

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.

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »