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Morgan Stanley has added three new high-quality defensive stocks to its “Fresh Money Buy List.”
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These names could help investors hedge against macro uncertainty as markets await fresh growth data.
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The firm expects minimal upside for the S&P 500 through year-end, and instead sees rangebound trading.
Morgan Stanley expanded its list of recommended equities with three high-quality stocks, as the bank veer further into defensive positioning.
These names could help shield against ongoing macro uncertainty, which Morgan Stanley does not expect will resolve anytime soon.
Instead, analysts expect the S&P 500 to trade between 5,000 and 5,400 through upcoming months.
The note argues that stocks are already priced to perfection, and valuations are high amid increasingly uncertain US growth. Volatility will, therefore, continue until markets see new…
