Morgan Stanley 2019 Top Picks
Morgan Stanley is out with 25 stocks as their 2019 picks, including three FAANGs and Mastercard/Visa. Right or wrong, at least this is where they are suggesting institutional money should flow to.
"The firm’s equity strategy team sees 2019 as a continuation of cyclical consolidation in the middle of a secular bull market. They expect next year to be "characterized by disappointing growth and a much narrower range of valuation," according to the note. "They see a major leadership change from Growth to Value occurring that could last longer than most appreciate."
25 Secular Growth Stocks
Tech/Internet/Media: Adobe, Alphabet, Amazon, Atlassian, Booking, Expedia, Netflix, Palo Alto Networks, Pluralsight, Salesforce, ServiceNow, Veeva, Workday
Health care: BioMarin, Illumina, Intuitive Surgical, Iqvia, National Vision, Regeneron, Vertex Pharma, Zoetis
Finance: Assurant, Mastercard, Visa
Consumer: Ulta Beauty