Morgan Stanley says it's time for stock-picking in Europe as earnings season and rate cuts are imminent.
Morgan Stanley says it's time for stock-picking in Europe as earnings season and rate cuts are imminent. The investment bank says stock-level dispersion and equities market breadth should rise from here. Stock-level dispersion refers to the range of returns for stocks, while market breadth tracks the number of stocks going up relative to those declining. Positive market breadth is when more stocks are advancing than declining.
This list of 37 top picks has outperformed the MSCI Europe LC and MSCI Europe EW indexes by 15.1 and 27.5 percentage points, respectively since its inception, according to the bank. These are six stocks from its list. Morgan Stanley called Commerzbank "one of the best yield payers in the sector," and is strongly profitable.
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