A view of the Morgan Stanley office in Canary Wharf, London, UK
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Morgan Stanley has recommended three stocks that they say are trading at a “record discount” compared to the broader technical sector and the S&P 500 index.
Each of the stocks is part of a technology sub-sector that “is still in the early stages of stock price development” and is likely to outperform the rest of the market in a recovery economy, analysts led by Michael Wilson said in a research note on Monday.
The bank is bullish on two business-focused stocks and a consumer-oriented choice – an “underrated winner” with a “long path to growth.”
The three stocks are: