Morgan Stanley’s 10 Best Fresh Money Stocks To Buy

From the oil and gas industry, Morgan Stanley had selected Continental Resources, Inc. (NYSE:CLR) due to its “capital discipline in the exploration and production space” and had set a price target of $70 per share. One of the company’s main goals in 2017 was to increase production within cash flow. In a February note to investors, Morgan Stanley energy analyst Benny Wong wrote that Continental Resources was showing one of the “greatest rate of change towards higher sustainability.”

Follow Continental Resources Inc (NYSE:CLR)

Morgan Stanley has pretty much nailed this bet, with Continental Resources, Inc. (NYSE:CLR) currently trading around the $65 level and up by more than 11.03% since March 23. For the 2018 first quarter, Continental Resources, Inc. (NYSE:CLR) posted results that exceeded expectations, driven mainly by rising oil prices and robust output growth from its North Dakota Bakken shale operations. The company posted adjusted earnings of $0.68 per share, topping analysts’ estimates of $0.64 per share, while revenue came in at $1.14 billion, also above expectations.