Morgan Stanley: Monster Beverage, Newell Rubbermaid, Estee Lauder Current Top Picks

Morgan Stanley expects Monster to accelerate revenues in the US on the heels of price increases and recovering consumer spending. Newell Rubbermaid should see growth in organic sales following increased ad spending and will benefit from the deployment of FCF through M&A and share repurchases. Estee Lauder will benefit from the market repricing renewed future growth being driven by channel mixes and outsized performance of smaller/mid level brands.