M.Stanley Betting On A Vaccine? Here's A Shopping List--->>Buy CineWorld5 Oct 2020 13:12
Morgan Stanley Betting On A Vaccine? Here's A Shopping List--->>Buy CineWorld.
Morgan Stanley put together its teams to single out stocks that have been hit hard by COVID-19 and retain a big catch-up potential to be unleashed once a vaccine becomes broadly available.
The U.S. house expects that to happen by the start of Q2 next year following positive Phase III readouts, triggering "a significant pickup in activity".
So here are its picks, which span across different sectors:
Leisure: cheap stocks include Sodexo, Basic-Fit, SSP, Cineworld and Whitbread
Airlines: Ryanair and Wizz
Retail: Kingfisher stands out as being cheap vs history. AB Foods also looks cheap
Media: Informa and JCDecaux are cheap enough to bounce strongly on a vaccine
You may have just spotted though that MS mentioned Cineworld and the latest grim developments ... are a stark reminder that risks out there still abound and that the road to recovery is by no means going to be plain sailing.
Anyhow in this chart you see how these stocks have performed the market since the first COVID-19 wave at the start of this year. Most of them have lagged the STOXX 600. One notable exception is Kingfisher.
(Danilo Masoni)