Spencer Platt/Getty Image A trader works on the floor of the New York Stock Exchange (NYSE) on August 24, 2015 in New York City.Morgan Stanley on Tuesday released its list of "Global Secularly Challenged Stocks," identifying a total of 81 stocks as that have "exposure to longer-term secular challenges, and where the risk-reward is unfavourable."
Below we present the top 12 of the total 36 North American stocks, picked by Morgan Stanley, with the highest downside risk from their current prices.