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- MORGAN STANLEY: These 10 stocks are going to explode higher during earnings season
MORGAN STANLEY: These 10 stocks are going to explode higher during earnings season
Anthem
AT&T
Ticker: T
Industry: Telecom Services
Price target: $37
Current price: $33.77
"The 3Q18 will be the first full quarter since the close of the Time Warner acquisition, which should provide more clarity on the new AT&T," according to the Morgan Stanley.
Source: Morgan Stanley
Diamondback Energy
Ticker: FANG
Industry: Energy/utilities
Price target: $168
Current price: $133.27
"Energen's recent well performance has been prolific, with continued strength likely improving investor sentiment around the acquisition. FANG could provide an update on the process to monetize its midstream assets through Rattler Midstream Partners LP," the report said.
Source: Morgan Stanley
DXC Technology
Ticker: DXC
Industry: Technology
Price target: $103
Current price: $88.20
"We are bullish ahead of the Analyst Day, expected in early November when the management will likely provide updated medium-term guidance, drivers of incremental cost savings and company's ability to demonstrate growth in the coming year," the said report.
Source: Morgan Stanley
Eaton Corporation
Ticker: ETN
Industry: Consumer Discretionary/ Industrials
Price target: $94
Current price: $83.13
"We expect 3Q18 EPS to be a positive catalyst as long cycle electrical businesses are still accelerating and should drive a 2019 framework 35% above current consensus EPS, which is currently at the low-end of that potential framework," the report said.
Source: Morgan Stanley
Garmin
Ticker: ETN
Industry: Consumer Discretionary/ Industrials
Price target: $94
Current price: $83.13
"3Q should demonstrate continued success in diversifying its hardware business; we believe Garmin is poised to drive continued share gains in Aviation above what is currently built into consensus estimates," Morgan Stanley said.
Source: Morgan Stanley
Liberty Formula One
Ticker: FWONK
Industry: Media
Price target: $42
Current price: $32.49
"We believe the company is set up well into the quarter FWONK benefits from two additional races vs.the year earlier period and likely some incremental revenue from a new sponsorship deal with AWS," the report said.
Source: Morgan Stanley
Occidental Petroleum
Ticker: OXY
Industry: Energy/Utilities
Price target: $80.97
Current price: $81.70
"We expect management to address additional buybacks on the 3Q18 call on November 6; wider differentials through 2019 could support an increase in share buybacks from $2 billion up to the fully authorized $5 billion," the report said.
Source: Morgan Stanley
MORGAN STANLEY: These 10 stocks are going to explode higher during earnings season
Ticker: PCG
Industry: Energy/Utilities
Price target: $66
Current price: $48.27
"The upcoming publication of the cause of the ~ $7B Tubbs fire should provide clarity on PCG's potential exposure to wildfire liabilities; we estimate that the $10 B level of liability that is reflected in PCG stock exceed seven a bearish estimate of total potential liabilities," the report said.
Source: Morgan Stanley
SVB Financial Group
Ticker: SIVB
Industry: Financials
Price target: $370
Current price: $314.14
"SIVB is one of the few banks that we think could beat expectations. We see potential for some multiple expansion as it posts outsized loan growth and significant NIM (net interest margin) expansion at a time when both are becoming tougher for other banks to deliver," the report said.
Source: Morgan Stanley
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