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Morgan Stanley says its time to get defensive and buy Coca-Cola

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A customer shops as bottles of Coca-Cola Co. brand soda sit on display for sale.

Christopher Lee | Bloomberg | Getty Images

Trade tensions and the 2020 presidential election will add even more uncertainty to the aging U.S. economic recovery, making surefire defensive stocks and consumer staples more attractive investments, according to Morgan Stanley.

Chief U.S. equity strategist Michael Wilson told clients in a note Monday that expectations of “disappointing” S&P earnings next year should allow companies like Coca-Cola, Lowe’s and McDonald’s to outperform the broader market.

“Trade, the election, and a late cycle economy keep the market searching for new leadership amid high uncertainty,”…



Source cnbc.com

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