These 5 companies are set to crush earnings, Morgan Stanley says

AP/Richard Drew

Trader Peter Tuchman, right, slaps a high five before the closing bell on the floor of the New York Stock Exchange.

• The earnings season so far indicates that Wall Street has overestimated many companies, according to equity analysts at Morgan Stanley.
• Investors should find out the stocks that are undervalued by Wall Street so that their portfolio returns can see a boost when these companies beat earnings forecasts, they said.
• They issued a list of companies they believe will post better-than-expected earnings.

The earning results so far indicate that Wall Street has overestimated many companies, according to Morgan Stanley.

As the earnings season heats up, investors should find out the stocks that are undervalued by Wall Street so that their portfolio returns can see a boost when these companies beat earnings forecasts.