MORGAN STANLEY: Watch out! These 3 stocks are about to get terrible news
As we've noted, it seems that this quarter is going to be rough one, based on projections of earnings declines it almost seems like every company will be posting difficult quarterly results based on estimates. However, there may be some companies with worse news than others.
At least according to Morgan Stanley analysts who have identified 3 stocks that may take a serious beating come earnings announcements.
"Our analysts believe that one or more imminent events will drive the share price materially over the next 15-60 days," said the note from Morgan Stanley's equity analysts.
"For each of these stocks, our analyst has high conviction in a view that diverges from the Street's, and expects a near-term event to drive the stock as the market's view moves closer to ours."
2 of the 3 are wireless providers, while the third is an industrial giant that is getting killed by secular trends.
We've compiled the 3 bad news firms, along with Morgan Stanley's bull, bear, and base case for the stock price, and insight from the analyst covering the stock.
Check them out below.
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