MORGAN STANLEY: These 16 stocks are set for huge growth no matter what

• Many investors are worried that the time has come for an economic downturn.
• Morgan Stanley has compiled a list of stocks its analyst think are primed for growth regardless of macroeconomic conditions.

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Morgan Stanley has released its list of stocks that could outperform markets, regards of what might happen to upset economic conditions.

These "secular growth stocks," as the bank calls its 8th annual report out Wednesday, are companies in which its analyst are bullish and see an upside beyond the usual business cycle.

"While our US Equity Strategy team has remained positive on an equity market they believe is "Classic Late Cycle," for some long-term investors, it may make sense to focus not on the cycle, but through the cycle," the bank said. "Indeed, Morgan Stanley Research has long focused on identifying multi-year secular trends - powerful long-term drivers that can reshape or disrupt economies, sectors, and business models."

To compile the list, Morgan Stanley screened the thousands of stocks generated revenue growth for the last three years. It then focused on those rated "overweight" or "equal weight" by its analysts to find which had a three-year compound annual growth rate (CAGR) forecast of at least 15% for earnings per share and 10% for revenue.

Here are the 16 stocks that could see revenue with a CAGR of more than 20% through 2019: