Morgan Stanley’s Top Stock Picks for 2024 Morgan Stanley’s Top Stock Picks for 2024

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By Ronald Tech

Morgan Stanley has identified several stocks they consider top picks for 2024.

Here’s a summary of what the firm’s top stock picks are and what makes them bullish on these.

  1. T-Mobile US Inc TMUS:

    • Analyst Simon Flannery views T-Mobile as the top pick among wireless carriers. The company is expected to gain market share and benefit from its robust capital return program.
    • The merger with Sprint in 2020 has been advantageous, supporting margins and offering opportunities through AI.
  2. Howmet Aerospace Inc HWM:

    • Analyst Kristine Liwag believes Howmet is well-positioned in the aerospace sector, particularly due to its exposure to original equipment manufacturing and aftermarket segments.
    • The company’s balance sheet strength, pricing power, and growth potential make it a favorable choice.
  3. Spotify Technology SA SPOT:

    • Analyst Benjamin Swinburne maintains Spotify as a top pick, anticipating positive developments ahead for the streaming music company.
    • Pricing power and potential for increased revenues through price hikes are cited as significant factors.
  4. BlackRock Inc BLK:

    • Morgan Stanley sees potential in BlackRock due to the likelihood of fixed-income rotation supporting inflows and offering an attractive valuation.
    • The company’s exposure to growth opportunities, such as fixed income, index, ESG, private markets, and tech revenues, makes it appealing.
  5. UnitedHealth Group Inc UNH:

    • UnitedHealth is noted for its scale and diversified services in the healthcare sector, offering resilience through integrated businesses and strong positioning in health insurance markets.
    • The company’s strong balance sheet and cash generation capabilities provide flexibility for continued M&A activities.

These stocks are considered top picks by Morgan Stanley for various reasons, including growth potential, market positioning, and financial strength within their respective sectors.

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