MORGAN STANLEY: Here Are 40 Stocks That Should Grow No Matter What

Ticker: FOXA

EPS growth: 13.4%

PE 2013: 21.6

PEG ratio: 1.6

Source: Morgan Stanley

Ticker: ALXN

EPS growth: 34.6%

PE 2013: 37.7

PEG ratio: 1.1

Source: Morgan Stanley

Ticker: AMZN

EPS growth: NM

PE 2013: 662.7

PEG ratio: NA

"We expect Amazon to benefit from the continued shift of consumer spending to online/mobile from traditional brick-and-mortar retail," writes Morgan Stanley's Scott Devitt.

Source: Morgan Stanley

Ticker: ATHN

EPS growth: 26.4%

PE 2013: 113.7

PEG ratio: 4.3

"Continued mid-term stimulus spending on Healthcare IT over the next few years position ATHN to benefit from Healthcare IT secular growth story," according to Morgan Stanley's Ricky Goldwasser.

Source: Morgan Stanley

Ticker: ATLS

EPS growth: NM

PE 2013: 26.6

PEG ratio: NA

Atlas has "substantial runway to accelerate growth at both entities through organic project development, third-party acquisitions, and retail drilling partnership capital raises," according to Morgan Stanley's Stephen Maresca.

Source: Morgan Stanley

Ticker: BWA

EPS growth: 16.1%

PE 2013: 18.2

PEG ratio: 1.1

"We believe BorgWarner is the strongest pure play on improving fuel efficiency trends," writes Morgan Stanley's Ravi Shanker.

Source: Morgan Stanley

Ticker: BYD

EPS growth: NM

PE 2013: 395.8

PEG ratio: NA

Source: Morgan Stanley

Ticker: CERN

EPS growth: 16.1%

PE 2013: 34.9

PEG ratio: 2.2

Cerner is "a leading share in the large hospital market, which should benefit from continued consolidation and integration with ambulatory providers," according to Morgan Stanley's Ricky Goldwasser.

Source: Morgan Stanley

Ticker: GTLS

EPS growth: 31.4%

PE 2013: 37.1

PEG ratio: 1.2

Morgan Stanley likes this one thanks in part to the "adoption of LNG [liquefied natural gas] as a fuel in the US for transportation," writes Ole Slorer.

Source: Morgan Stanley

Ticker: CMG

EPS growth: 21.1%

PE 2013: 38.8

PEG ratio: 1.8

"We believe Chipotle is taking share from traditional fast food and casual dining restaurants based on better quality offerings at a modest price," writes Morgan Stanley's John Glass.

Source: Morgan Stanley

Ticker: CTSH

EPS growth: 17.8%

PE 2013: 20.5

PEG ratio: 1.2

Cognizant is a "strong player in a fast-growing industry that benefits from increasing global demand for high- quality, lower-cost IT services from outside providers," according to Morgan Stanley's Katy Huberty.

Source: Morgan Stanley

Ticker: DNKN

EPS growth: 17.3%

PE 2013: 28.9

PEG ratio: 1.7

"Dunkin’s all-franchised business model achieves the highest margins and returns in the industry," writes Morgan Stanley's John Glass.

Source: Morgan Stanley

Ticker: FB

EPS growth: 40.0%

PE 2013: 67.0

PEG ratio: 1.7

Morgan Stanley's Scott Devitt believes that Facebook's attempt to compete for TV ad budgets will mean "substantial upside potential to video revenue."

Source: Morgan Stanley

Ticker: FLT

EPS growth: 22.2%

PE 2013: 28.2

PEG ratio: 1.3

A "roll-up story in underpenetrated fleet card business," according to Morgan Stanley's Smittipon Srethapramote.

Source: Morgan Stanley

Ticker: FTI

EPS growth: 22.5%

PE 2013: 25.3

PEG ratio: 1.1

FMC will benefit from "accelerated growth in subsea services" and growth in deepwater oilfield development, according to Morgan Stanley's Ole Slorer.

Source: Morgan Stanley

Ticker: FTNT

EPS growth: 5.4%

PE 2013: 44.5

PEG ratio: 8.3

Fortinet was "well positioned for consolidation trends we see in network security," writes Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: GWR

EPS growth: 30.8%

PE 2013: 21.0

PEG ratio: 0.7

Morgan Stanley's William Greene thinks this short-line railroad company "benefits from broader rail thesis of consistent price and productivity improvements."

Source: Morgan Stanley

Ticker: GOOG

EPS growth: 13.5%

PE 2013: 18.3

PEG ratio: 1.4

Google has YouTube to thank for its projection. "We project that YouTube could generate gross revenue of $20 billion and operating income of $5 billion," writes Morgan Stanley's Scott Devitt.

Source: Morgan Stanley

Ticker: LNKD

EPS growth: 74.8%

PE 2013: 141.8

PEG ratio: 1.9

"We believe LinkedIn's substantial opportunities in recruiting, marketing, and sales should enable it to outpace its peers in top-line growth over the next several years," writes Devitt.

Source: Morgan Stanley

Ticker: LULU

EPS growth: 16.7%

PE 2013: 37.0

PEG ratio: 2.2

Moragn Stanley's Kimberly Greenberger believes the company store count could double over the next 5 years.

Source: Morgan Stanley

Ticker: MMC

EPS growth: 15.6%

PE 2013: 17.7

PEG ratio: 1.1

"MMC has leading global growth franchises in risk and consulting and is poised to deliver mid-teens (13%+) EPS growth in 2013-15e drive," according to Morgan Stanley's Gregory Locraft.

Source: Morgan Stanley

Ticker: MA

EPS growth: 18.8%

PE 2013: 26.2

PEG ratio: 1.4

Mastercard, Morgan Stanley's Smittipon Srethapramote says, is the "key beneficary" of the shift from cash/checks to electronic payment.

Source: Morgan Stanley

Ticker: KORS

EPS growth: 26.7%

PE 2013: 27.9

PEG ratio: 1.0

Morgan Stanley's Kimberly Greenberger writes, "We believe it will likely expand from approximately 280 stores to 650 stores globally."

Source: Morgan Stanley

Ticker: OII

EPS growth: 19.1%

PE 2013: 23.9

PEG ratio: 1.2

Oceaneering International will be a "beneficiary of secular growth in deepwater oilfield development, increased water depth and reservoir complexity, and increased focus on field maintenance and asset integrity," according to Morgan Stanley's Ole Slorer.

Source: Morgan Stanley

Ticker: PANW

EPS growth: 42.4%

PE 2013: 209.9

PEG ratio: 5.0

"We find PANW well-positioned to sustain a 30%+ cash flow CAGR through C2015," writes Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: P

EPS growth: NM

PE 2013: 808.7

PEG ratio: NA

"We think Pandora's best-in-class streaming music service should help it disproportionately benefit from the shift in listening from broadcast to digital channels," writes Morgan Stanley's Scott Devitt.

Source: Morgan Stanley

Ticker: PCLN

EPS growth: 26.1%

PE 2013: 24.7

PEG ratio: 0.9

Devitt writes that "offline-to-online shift in global hotel bookings still has a long runway for growth."

Source: Morgan Stanley

Ticker: QLIK

EPS growth: 49.2%

PE 2013: 99.4

PEG ratio: 2.0

Rising demand for data discovery and QLIK’s upcoming QlikView Next release should broaden its enterprise appeal and drive sustained 20%-plus growth through C2014," according to Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: RRTS

EPS growth: 23.5%

PE 2013: 19.1

PEG ratio: 0.8

With a potential for increased M&A activity and "margin expansion potential," Morgan Stanley's William Greene writes that Roadrunner has organic revenue growth opportunities.

Source: Morgan Stanley

Ticker: CRM

EPS growth: 22.8%

PE 2013: 153.2

PEG ratio: 6.7

"Salesforce offers leading solutions across Sales, Service, Marketing and Platform as a Service (PaaS), with each capable of scaling to $1 billion-plus," according to Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: SBAC

EPS growth: NM

PE 2013: 149.5

PEG ratio: NA

The wireless tower operator "is a key beneficiary of the boom in wireless data traffic which is driving carriers to invest aggressively in their networks," writes Morgan Stanley's Simon Flannery.

Source: Morgan Stanley

Ticker: NOW

EPS growth: NM

PE 2013: NM (2014 estimate: 409.3)

PEG ratio: NA

"We see NOW as one of the best growth stories in software, with room for upside as new sales hires become productive," according to Morgan Stanley's Jennifer Lowe.

Source: Morgan Stanley

Ticker: SPLK

EPS growth: NM

PE 2013: NM (2014 estimate: 338.6)

PEG ratio: NA

"The log data platform story should continue to develop apace, with Splunk seeing larger deals as it scales in the enterprise while the apps strategy drives use-case expansion and further user adoption," writes Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: SBUX

EPS growth: 20.8%

PE 2013: 34.8

PEG ratio: 1.7

The "category leader" in high-margin coffee, Starbucks will likely see revenue growth "driven by expansion of food and packaged good sales, acceleration of domestic store growth, [and] continued rapid international growth," writes Morgan Stanley's John Glass.

Source: Morgan Stanley

Ticker: DATA

EPS growth: 8.1%

PE 2013: NM

PEG ratio: NA

"Expanding the use of a powerful analytics and visualization solution outside of the traditional business intelligence user base opens a very large market opportunity for Tableau," writes Morgan Stanley's Keith Weiss.

Source: Morgan Stanley

Ticker: UA

EPS growth: 23.3%

PE 2013: 53.5

PEG ratio: 2.3

Under Armour "has potential for 20%-plus revenue growth over the next several years due to new product innovation, targeted international growth, increased domestic wholesale distribution, and store expansion," writes Morgan Stanley's Kimberly Greenberger.

Source: Morgan Stanley

Ticker: URBN

EPS growth: 21.5%

PE 2013: 19.3

PEG ratio: 0.9

For Urban Outfitters, "30% of revenue comes from eCommerce, which could conceivably be 50% in 5 years," Greenberger estimates.

Source: Morgan Stanley

Ticker: V

EPS growth: 19.8%

PE 2013: 25.9

PEG ratio: 1.3

Like MasterCard, Visa will benefit from the shift in cash/checks to electronic payments, according to Morgan Stanley's Smittipon Srethapramote.

Source: Morgan Stanley

Ticker: WDAY

EPS growth: NA

PE 2013: NM

PEG ratio: NA

Workday is a cloud-based software vendor, and Morgan Stanley's Jennifer Lowe writes the company is "well positioned to take meaningful share from legacy vendors."

Source: Morgan Stanley

Ticker: YELP

EPS growth: NM

PE 2013: 404.2

PEG ratio: NA

"We believe Yelp’s service facilitates both local business discovery and real-time demand fulfillment, on the back of a growing shift from the traditional yellow page industry to online directory services," writes Morgan Stanley's Jordan Monahan.

Source: Morgan Stanley

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