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. (NASDAQ: 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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: 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 (NYSE: 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. (NYSE: LVS) - Bearish
Morgan Stanley is calling for a 6 percent miss by Sands based on lower-than-consensus Macau EBITDA estimates.
7. MSCI Inc (NYSE: 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. (NASDAQ: 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 (NYSE: 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 (NYSE: ROK) - Bullish
Morgan Stanley is calling for a material earnings beat for the company when it reports on July 29.
11. XPO Logistics Inc (NYSE: 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.
Latest Ratings for AMZN
|Oct 2016||Credit Suisse||Maintains||Outperform|
|Oct 2016||SunTrust Robinson Humphrey||Maintains||Neutral|
|Oct 2016||Morgan Stanley||Maintains||Overweight|
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