Morgan Stanley's 2024 Stock Picks: Diving Into The Bulls Of T-Mobile, Howmet, Spotify, And More

Zinger Key Points
  • Morgan Stanley has identified several stocks they consider top picks for 2024, based on their potential for growth.
  • T-Mobile, Howmet Aerospace, Spotify, BlackRock and UnitedHealth display growth potential, market positioning, and financial strength.

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.

Now Read: Stocks Headed For A Major Leap, Says Morgan Stanley Senior Portfolio Manager: ‘You Have To Have Your Head In The Sand To Really Be Bearish’

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorEquitiesLarge CapLong IdeasTop Stories2024Expert IdeasStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!