11 Stocks With Near-Term Catalysts

In a new report, a team of 12 Morgan Stanley analysts discuss 11 U.S-listed stocks that they believe have catalysts on the way in the next 15-60 days. For many of the stocks, quarterly earnings will serve as the catalysts, but other stocks could be on the move for different reasons.

1. Amazon.com, Inc. AMZN - Bullish

Morgan Stanley believes that the market is undervaluing Amazon’s e-commerce business and sees a beat coming when the company reports earnings on Thursday.

2. Bank of America Corp BAC - Bullish

Morgan Stanley smells another earnings beat coming at Bank of America due to net interest income gains and effective expense management during Q2.

3. Biogen Inc BIIB - Bullish

For Biogen, the potential near-term positive catalyst for the stock is the data that will be presented on BIIB037/Aducanumab at AAIC later this month.

4. The Carlyle Group LP CG - Bullish

Earnings are once again in-focus when it comes to the Carlyle Group, and Morgan Stanley is calling for a beat due to strong monetization activity during the quarter.

5. Caterpillar Inc CAT - Bullish

Morgan Stanley is calling for a 6 percent earnings beat by Caterpillar on the strength of improving construction margins.

6. Las Vegas Sands Corp. LVS - Bearish

Morgan Stanley is calling for a 6 percent miss by Sands based on lower-than-consensus Macau EBITDA estimates.

7. MSCI Inc MSCI - Bullish

Morgan Stanley believes that MSCI’s Q2 earnings beat will be accompanies by the announcement of a $200 million buyback program.

8. Myriad Genetics, Inc. MYGN - Bearish

Morgan Stanley predicts that new CEO Mark Capone’s first fiscal year guidance announcement coming in August will fall short of what the company had previously targeted.

9. Parker-Hannifin Corporation PH - Bearish

Guidance is again the key when it comes to Parker-Hannifin, and Morgan Stanley believes that the company’s fiscal 2016 outlook coming in early August will disappoint the market.

10. Rockwell Automation ROK - Bullish

Morgan Stanley is calling for a material earnings beat for the company when it reports on July 29.

11. XPO Logistics Inc XPO - Bullish

The critical part of XPO’s earnings report coming on August 5 will be the company’s long-term guidance, which Morgan Stanley predicts will be a positive catalyst for the stock.

Disclosure: the author owns shares of Bank of America and holds a short position in Amazon.