Post-Earnings Prospects: Morgan Stanley’s Insights

Morgan Stanley’s Mike Wilson has identified eight stocks that could experience an upswing in share prices following their Q4 results. Notable companies on the list include tech giants Amazon (NASDAQ:AMZN), CBOE (BATS:CBOE), and Western Digital (NASDAQ:WDC).

Furthermore, the roster comprises BellRing (BRBR), IDEXX Laboratories (IDXX), NOV (NOV), SBA Communications (SBAC), and Tenable (NASDAQ:TENB).

Wilson’s prognostication is based on the consensus for Q4 EPS estimates, which has seen a 7% decline over the past three months, potentially setting the stage for a lower bar and a higher likelihood of robust mid-single digit EPS surprises for Q4 earnings.

Conversely, Wilson also highlighted a few stocks that might witness a post-earnings downturn. “We see near-term downside risk for shares of Highwoods Properties (HIW), Lincoln Electric (LECO), Re/Max (RMAX), and RingCentral (RNG),” he stated.

Morgan Stanley has provided price targets for each of the mentioned companies and their current market trade value:

• Amazon (AMZN): Price target of $185. Currently trades near $156.
• BellRing (BRBR): Price target of $57. Currently trades near $55.
• CBOE (CBOE): Price target of $196. Currently trades near $189.
• IDEXX Laboratories (IDXX): Price target of $600. Currently trades near $531.
• NOV (NOV): Price target of $25. Currently trades near $20.
• SBA Communication (SBAC): Price target of $242. Currently trades near $233.
• Tenable (TENB): Price target of $60. Currently trades near $47.
• Western Digital (WDC): Price target of $73. Currently trades near $58.
• Highwoods Properties (HIW): Price target of $18. Currently trades near $22.
• Lincoln Electric (LECO): Price target of $178. Currently trades near $222.
• Re/Max (RMAX): Price target of $9. Currently trades near $11.
• RingCentral (RNG): Price target of $37. Currently trades near $37.