Published on 9 Jun 2022 on Insider Monkey via Yahoo Finance
In this article, we discuss 10 best bear market stocks to buy according to Morgan Stanley. You can skip our detailed analysis of the current market situation, and go directly to read 5 Best Bear Market Stocks to Buy According to Morgan Stanley.
Morgan Stanley’s Chief US Equity Strategist Mike Wilson recently warned investors about the ongoing instability in financial markets, asserting that this bear market rally is far from over. According to him, the S&P 500 is expected to fall at least between 11% to 19% as firms face inflation and slow earnings growth. This can be seen from the performance of Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT), which are down 18.30%, 19.19%, and 18.60% year-to-date, respectively.
On May 23, Morgan Stanley came up with a list of some high-quality stocks that have the potential to weather the bear market and could experience upside afterward as well. The firm chose the stocks due to their strong business fundamentals, consistent dividends, and positive free cash flow, yielding at pre-Covid levels. The firm kept an Overweight rating on all these stocks.
Start tracking your investments with StatfolioSign up for free