Morgan Stanley’s Top 5 Stock Picks for 2022

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1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 143

Uber Technologies, Inc. (NYSE:UBER) is a developer and operator of proprietary technology applications to connect consumers with independent providers of ride services for ridesharing and other transportation services. The company is among Morgan Stanley’s top stock picks for 2022 according to a CNBC report. Morgan Stanley analysts have commented that the stock is among the best bets outside of FAANG (Meta, Amazon, Apple, Netflix, and Alphabet) stocks.

Analyst Brian Nowak at Morgan Stanley holds an Overweight rating on Uber Technologies, Inc. (NYSE:UBER) shares as of November 2021.

For the last stock on our list, our data shows 143 hedge funds long in the third quarter and 135 hedge funds long in the second quarter.

ClearBridge Investments, an investment management firm, mentioned Uber Technologies, Inc. (NYSE:UBER) in its third-quarter 2021 investor letter. Here’s what they said:

“We have also been looking for multiyear secular trends outside of the IT and Internet sectors to help us maintain a portfolio that can perform well in markets with varied sector or factor leadership. In particular, electrification of the global economy and the transition to electric vehicles (EVs) are areas where we continue to add exposure. We are investing in the brains behind EVs through NXP in the control center and Aptiv for safety features. Global rideshare leader Uber will also be a key player in the transition from internal combustion engines to EVs.”

You can also take a look at 10 Best Value Stocks To Buy Now and Top 20 Japanese Companies.

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