The Wall Street investmebnt bank says these stocks are top picks the rest of the way in October.
Morgan Stanley is pounding the table on several stocks as investors wait to see if October markets are tumultous or quiet. The investment bank says these top companies are well positioned for the long term. They include Lineage, Thermo Fisher Scientific , M & T Bank and Taiwan Semiconductor . Lineage Analyst Ronald Kamdem is doubling down on the cold storage warehouse company following a series of constructive management meetings.
"MTB is approaching the sweet spot of improving credit metrics, solid loan growth, lower funding costs and accelerating capital return," he wrote. In addition, Morgan Stanley sees a "significant runway" for higher margins as the Federal Reserve continues its rate-cutting cycle. That will also help M & T's commercial real estate loan book, the bank noted.
Morgan Stanley Taiwan Semiconductor Manufacturing Co Ltd Taiwan Semiconductor Manufacturing Co Ltd Lineage Inc M&T Bank Corp Thermo Fisher Scientific Inc Markets Breaking News: Markets Investment Strategy Business News
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