Morgan Stanley's guide for tech investors playing the end of this bear market — and the start of the next bull

Tech investors should start preparing their buy lists now ahead of a bear market low, Morgan Stanley said. The Wall Street firm expects stocks are about three months away from that bottom, meaning the technology sector could get an outsized boost from a strong rebound in the second half of the year, according to a Monday note.

mountain Netflix in 2023 IBM is also a buy before the bear market bottom. Analyst Erik Woodring said the equal-weight rated stock is the "most defensive name in our universe," and tends to outperform in late cycle environments. Woodring warned that it underperforms in the early cycle. IBM shares are down almost 8% this year. Verizon is also a buy ahead of a trough, and is overweight-rated by analyst Simon Flannery; the stock is down about 3% this year.

Or beginning of bear market?

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