Morgan Stanley’s ‘Fresh Money Buy List’ of top picks tilts defensive

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Morgan Stanley’s ‘Fresh Money Buy List’ of top picks tilts defensive
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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Morgan Stanley chief investment officer has been too bullish in recent quarters but was partially vindicated with recent market volatility. His weekly report includes a Fresh Money Buy List of stock picks that is now tilting defensive,

The three stocks added to the list are Public Service Enterprise Group, Abbvie and Northrop Grumman Corp. The rest of gratifyingly focused list is CenterPoint Energy Inc., Coca-Cola Co., Colgate-Palmolive Co., McDonald’s Corp., SBA Communications, Verizon Communications and Walmart Inc.

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