It seems like every financial adviser in the country is advocating for investors to buy equities, which they expect to grow strongly in both the U.S. and Europe, but picking stocks can be difficult. Morgan Stanley (NYSE:MS)’s European equity strategy team headed by Graham Secker has been bullish on stocks since May, and they’ve identified sectors where valuations are more spread out so it should still be possible to find good deals.
“Value is still depressed versus Growth (in terms of long-run performance and valuation),” writes Secker. Cheap stocks have been outperforming expensive stocks for most of the year and low growth has been outperforming high growth stocks since summer.
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