Morgan Stanley selects 30 stocks for a three-year sideways market

Morgan Stanley Chief U.S. Equity Strategist Michael Wilson expects to see "a choppy, range-trading index for years," and the firm selects 30 stocks it believes will offer the best ways to play a sideways market over the next three years.

Among his favorites is Alphabet (NASDAQ:GOOGL), as "core search continues to deliver strong growth, especially on mobile... but even in the 20-year old desktop business, which we view as a cash annuity."

JPMorgan Chase"s (NYSE:JPM) "push into new markets, opportunity to gain share, efficiency improvements, and benefit from deregulation drive our positive long-term view."

Philip Morris (NYSE:PM) offer a "compelling risk-reward as tobacco weakness is overstated."

UnitedHealth (NYSE:UNH) is "furthest along integrating assets through through the healthcare system" among managed care organizations.

Other selections are ACN, ATVI, AMZN, BLK, BK, SCHW, STZ, DG, DPZ, EL, FRC, IT, ISRG, IQV, MMC, MSFT, NEE, NOC, PLD, RTN, CRM, SBAC, SHW, TMO, V, DIS

Nguồn: seekingalpha.com