MORGAN STANLEY: We're convinced these 7 stocks will explode higher over the next 2 months

• Morgan Stanley says that corporate earnings growth, which has been a crucial driver of the stock market's record-breaking run, will start slowing around mid-year.
• The firm has identified seven stocks around which they have high positive conviction this earnings season.

Earnings season has been a bright spot for the stock market for several quarters now. You could even argue it's been the root cause of the equity explosion that's served investors so well.

However, Morgan Stanley says to enjoy the profit growth party now while you still can, because it's not going to last.

The firm sees earnings expansion peaking mid-year as it becomes clearer just how much of an impact the GOP tax bill will have on companies. At that point, the positive impact will be fully accounted for in corporate forecasts. And once that happens, the bar will be set extremely high for subsequent quarters, making it hard to achieve year-over-year growth.

But it's not all bad news. Since the strongest companies are likely to continue on a growth trajectory, they'll be easier to identify once the rest of the market starts to fade. With that in mind, the trick becomes knowing which stocks fit the bill.

That's where Morgan Stanley comes in. The firm's chief US equity strategist Mike Wilson has teamed up with a wide range of industry analysts to identify seven companies around which they have high positive conviction this earnings season.

Without further ado, here are those stocks, with an explanation of why Morgan Stanley industry analysts like them so much: