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Here Are The 14 Stocks Morgan Stanley Wants You To Focus On During Q2 Earnings

Here Are The 14 Stocks Morgan Stanley Wants You To Focus On During Q2 Earnings - BankUnited, Inc. NYSE:BKU, Concho Resources Inc. NYSE:CXO

Analysts at Morgan Stanley selected 14 stocks that have "high conviction" heading into earning season. The list was compiled on Monday, and the names selected have one or more "imminent events" that will "drive the share price materially over the next 15–60 days."

Here is the list:

Positive Near-Term View

    1. BankUnited BKU: The analysts expect loan growth acceleration in the second quarter, and this re-acceleration isn't priced into the stock.
    2. Lululemon Athletica inc. LULU: The Street's consensus estimate for 5.5 percent second-quarter comp appears to be beatable, and guidance for 120 basis points in gross margin improvement is conservative.
    3. Microsoft Corporation MSFT: The company has three potential catalyst ahead: (1) a bounce back in the Server & Tools segment, (2) stabilizing gross margins and (3) continued operating expenditure discipline.
    4. Pfizer Inc. PFE: The analysts are expecting the company to earn $0.64 per share in the second quarter — 2 cents higher than the Street's consensus estimate.
    5. Priceline Group Inc PCLN: The analysts are expecting the company's second-quarter adjusted EBITDA and earnings per share to come in 8 percent above consensus estimates.

Negative Near-Term View

    1. Rackspace Hosting, Inc. RAX: The company has been experiencing slowing revenue growth, and its 25 percent exposure to the British currency affects its revenue guidance.

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DateFirmActionFromTo
Jul 2016JP MorganMaintainsOverweight
Jun 2016Sandler O'NeillUpgradesHoldBuy
May 2016Goldman SachsDowngradesBuySell

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