MORGAN STANLEY: Here are 30 stocks that'll thrive no matter what

Morgan Stanley has updated its annual list of secular growth stocks.

In a note published on Thursday, the firm highlighted 30 stocks that its analysts believe would thrive even if the global economy grows slower than they forecast.

To compile the list, Morgan Stanley first screened for stocks it had previously classified as growth stocks for 48 straight months, which have also generated positive revenue every quarter for the past three years. They then selected stocks they rate as "overweight" or "equal weight."

Additionally, they looked at stocks where analysts forecast a compound annual growth rate (CAGR) between 2015 and 2018 of at least 15% for earnings per share (EPS), and of at least 10% for revenue.

"We believe these companies all have exposure to longer-term growth drivers, such as a sustainable competitive advantage, a multi-year product cycle, market share gains, or pricing power," Morgan Stanley said.

Note: The EPS growth is the projected compound annual growth rate (CAGR) from 2015-2018, the PE estimates are based on 2016 Morgan Stanley research expectations, and the PEG ratio refers to the price-earnings to growth ratio which is an indicator of the stock's valuation. Growth stocks with lower PEGs are generally considered cheaper.