economy
Morgan Stanley says these top stocks have more room to run ahead of earnings
Morgan Stanley named five stocks that have plenty of upside going into earnings.
TL;DR
- Morgan Stanley identifies five stocks with significant upside potential before earnings: Spotify, Datadog, Warner Music Group, S&P Global, and Starbucks.
- S&P Global is viewed as a leading information services provider with diversification and margin execution.
- Spotify is praised for its continuous innovation in user engagement and potential to exceed 300 million paid users.
- Warner Music Group is seen as undervalued, with potential for revenue and earnings acceleration, and AI concerns are considered overblown.
- Starbucks is showing success in driving customers back to stores, with a favorable near-term outlook.
- Datadog exhibits core business momentum and upward estimate revisions, presenting an attractive setup after a recent pullback.