Morgan Stanley says buying these quality defensive stocks is the best option for investors right now

Morgan Stanley's preference for defensive quality stocks has only increased since June, even as major U.S. indexes have continued to reach new highs. "After a substantial rise in volatility the past two weeks, markets are looking for direction. Our view remains that growth is now the primary concern for equity investors, rather than inflation and rates," Michael Wilson, the firm's chief U.S. equity strategist, wrote in a Monday note to clients.

Analysts surveyed by FactSet have a price target on AbbVie shares that suggest just 3.2% upside from its latest close. This year, the stock is up roughly 23%. Aerospace and defense company Northrop Grumman is a firm favorite due to its long-term visibility and stability.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Amazon, Apple, Eli Lilly: Here's Morgan Stanley's earnings playbookAmazon, Apple, Eli Lilly: Here's Morgan Stanley's earnings playbook
Source: Investingcom - 🏆 450. / 53 Read more »

We're hiking our price target on Morgan Stanley despite a miss in a key businessInvestors on Tuesday are more willing to look beyond a missed Morgan Stanley's wealth management business than in the past.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demandTwo such stocks received new price targets that gave them more than 30% potential upside.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley earnings: Why profits were up 47%Morgan Stanley beat earnings estimates as profits rose 47%.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Morgan Stanley is pounding the table for these stocks, including Apple, ahead of earningsThe firm named some of its favorite stocks to buy ahead of quarterly results.
Source: CNBC - 🏆 12. / 72 Read more »