Morgan Stanley is bullish on mining and metals stocks, names Alcoa a top pick

:Slabs of aluminum sit on the production floor of the Alcoa Inc. Davenport Works facility in Riverdale, Iowa.
Daniel Acker | Bloomberg | Getty Images

Mining and metals stocks appear to be entering a strong period, and Alcoa should be one of the big winners in the space, according to Morgan Stanley.

Analyst Carlos De Alba published a bullish note on the industry on Tuesday evening, saying that the stocks should outperform once the sector pushes through a period of short-term volatility. Once that happens, the fundamental improvements at Alcoa should help its shares rise, the note said.

More In Pro News and Analysis

CNBC ProIf the 2014 Fed taper is any guide, it's time for investors to get defensive
CNBC ProGoldman sees a trade in some less risky SPACs amid market washout
CNBC ProThe generational theory espoused by Tom Lee and Cathie Wood that could drive the bull market