These cheap quality stocks have strong growth prospects, says Morgan Stanley

A drumline performs at the Electronic Arts EA Play event at E3 in Los Angeles, California.
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With the stock market bouncing between tech days and reopening days, investors should focus on high-quality stocks to be long-term winners, according to Morgan Stanley's Mike Wilson.

The equity strategist has argued that the recovery in the U.S. stock market is happening more quickly than is usually seen after a recession, with the market approaching a midcycle point even as the economy is not fully open.

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