Morgan Stanley has picked 10 "cheap" stocks set to benefit as countries get ready to relax their lockdown rules put in place during the coronavirus pandemic.
Its picks are part of its "best ideas" for a reopening investment theme, which "investors cannot ignore," the bank's European equity analysts, led by Ross A. MacDonald, said in a note published last week.
As Covid-19 vaccines are rolled out and economies open up, Morgan Stanley's picks are "one of the few remaining sources of cheap cyclicality in Europe," its analysts said. Cyclical stocks are those tied to the economic cycle, which tend to do better when the economy improves.
Here's the bank's full list of stock picks: