It's earnings season, and some stocks will inevitably beat expectations.
In a new research, Morgan Stanley experts have listed these stocks that are going to do better than expected in the next 15-60 days — driven up by 2Q earnings, accelerated growth, or increased efficiency.
BankUnited Inc. (BKU)
Current price: $30.60
Target price: $42.00
Morgan Stanley researchers expect loan growth at BankUnited to accelerate in the second quarter — an acceleration that isn't yet priced into the stock — and believe BKU is "significantly undervalued" given its growth.
Concho Resources Inc. (CXO)
Current price: $122.84
Target price: $173.00
2Q earnings will be announced on August 3rd, and Morgan Stanley expects them to beat expectations. They also see a potential for expansion in the future.
Hill-Rom Holdings Inc. (HRC)
Current price: $51.67
Target price: $62.00
Hill-Rom is releasing its 3Q results on August 4th, which Morgan Stanley thinks should give the company a strong momentum. Also, international growth should improve soon.
NXP Semiconductor NV (NXPI)
Current price: $84.40
Target price: $105.00
NXPI is down 9% since the Brexit vote; however, "against the background fo an uncertain macro environment," Morgan Stanley believes NXP will drive up before earnings are announced on July 27.
Sherwin-Williams Inc. (SHW)
Current price: $293.58
Target price: $322.00
Morgan Stanley expects same-store-sales to accelerate, especially when the monthly US housing data is released — as home improvement spending goes up, so do paint sales.
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