economy
Earnings season is almost over. Morgan Stanley has some picks to play the end
Morgan Stanley sees stocks including Ulta Beauty and Target as potential winners to wrap up earnings season.
TL;DR
- Morgan Stanley has identified a basket of stocks expected to see gains after their upcoming earnings reports.
- The selected stocks are part of the MSCI U.S. index, report earnings between May 7 and June 2, are rated 'overweight' by analysts, and have high Earnings Surprise Composite scores.
- Ulta Beauty is highlighted as attractive after a pullback, with potential profit from recent investments, despite a stock decline this year.
- Target is expected to report positive results, though analysts note the high expectations for the stock.
- Applied Materials is predicted to deliver another strong earnings beat and raise guidance, following a successful prior quarter.
- Nvidia and Deere & Co. are also mentioned as part of Morgan Stanley's list.