I think it is a good list for reference. A list where Morgan has already studied and believe in but I would take it with a pinch of salt as Morgan would have vested interest to release their list too.


I am bullish on Amazon’s upside potential as it grows its e-commerce, advertising, cloud and AI and at the same time streamlines its workforce which would increase its profit margin.


I am also optimistic about Walmart’s super bull run. It is a multinational company with multiple hypermarts, discount departmental stores. This will help it anchor its reach to the masses and remain relevant even if the economy turns down. In good times, consumers definitely spend. In bad times, as the items mostly has inelastic demand, consumers would still have to spend and the wide range of products will help it to maintain its profit.


Personally I like visa as it is one of the major players for electronic payments and it is definitely a leader in this area.