Wilson singled out 15 high-quality stocks that have the potential to weather this bear market and still see gains after it ends, including $AT&T (T.US)$ , $Comcast (CMCSA.US)$ and $ Coca-Cola (KO.US) $ etc.
Morgan Stanley equity strategist Mike Wilson said in a note that in the current market environment, he remains bullish on defensive stocks, which have performed relatively well on further losses. Wilson, a well-known U.S. stock bear on Wall Street, once again bet against U.S. stocks on Monday: Given that the risks to U.S. economic growth are just emerging, it is too early to be bullish on U.S. stocks.
Wilson singled out 15 high-quality stocks that have the potential to weather this bear market and still see gains after it ends, including $AT&T (T.US)$ , $Comcast (CMCSA.US)$ and $ Coca-Cola (KO.US) $ etc.
These 15 high-quality stocks have distinct defensive attributes, Wilson said. These stocks have a low or flat beta compared to the market beta (i.e. 1) and are poised for relative outperformance in the current bear market.
These high-quality stocks meet the following criteria: Rated as high-quality stocks; have positive free cash flow and are not in the financial and real estate sectors; free cash flow yields are at or above pre-pandemic levels in 2019; an Overweight rating is given.
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