Analysts at Morgan Stanley recently revealed a slew of stocks to own for 2024. These names are enjoying significant upside and are great buys right now, according to the company. CNBC Pro combed through recent research to find Morgan Stanley’s best ideas for the new year. They include Spotify, T-Mobile, Howmet Aerospace, BlackRock, and UnitedHealth. T-Mobile Morgan Stanley is betting on wireless growth this year. The company said it sees a slew of positive catalysts for T-Mobile as the cellular giant prepares to grab market share. Analyst Simon Flannery is impressed by the company’s strong capital returns program and its “network and value proposition”. “The ongoing capital return program includes approximately $12 billion of share repurchases for 2024, with a new, larger program likely late next year.” he added. T-Mobile is also still enjoying the fruits of its 2020 merger with Sprint, according to the company. “Margins have been supported by ongoing productivity initiatives and, in the case of T-Mobile, synergistic mergers, with AI providing an additional opportunity going forward,” he wrote. This is all the more reason to buy the stock now, the analyst said. “Our best option is T-Mobile,” Flannery said. Shares are up 13% over the past year. Howmet Aerospace Howmet is the company’s top aerospace pick for 2024, according to analyst Christine Liwag. Morgan Stanley said in a recent note that the company has broad appeal to investors. In particular, Howmet has exposure to OEM, as well as the aftermarket. “We continue to see Howmet as better positioned to recycle commercial aviation from increases in new aircraft construction and spare parts,” she wrote. Liwag likes the company’s “unleveraged” balance sheet and “room for multiple expansion.” This leaves Howmet “well positioned to deliver a return of capital in 2024 and beyond,” she added. Pricing power also remains at the forefront, as demand for aircraft parts grows, she wrote. Meanwhile, the stock is up nearly 37% over the past 12 months. “HWM offers a great combination of growth and quality with a strong management team,” Liwag said. Spotify Morgan Stanley sticks with Spotify as its top pick this year. Analyst Benjamin Swinburne said there was “more good news to come” for the music streaming company. The trends appear stronger for music entertainment companies like Spotify, the company said. One of the main reasons is pricing power, Swinburne said. “We have only seen the first round of price increases in music streaming and the first step toward improving royalty payments,” the analyst wrote. He added that the price hike is likely to significantly boost revenues. Spotify shares are up 137% over the past year. “With a long global runway for music streaming adoption, we maintain SPOT as our top pick given the mixed earnings outlook,” Swinburne said. BlackRock Adding Selective Risk with BLK to Top Pick Gives Room for Fixed Income Rotation to Support Reacceleration of Inflows and Attractive Valuation. Exposure to growth opportunities (fixed income, index, ESG, private markets, technology references) and best product mix, breadth of distribution, and scale to capture rotation into fixed income. T-Mobile “Our top pick is T-Mobile; ongoing capital return program means about $12 billion in stock repurchases for 2024, with a new, larger program likely late next year. … Market leadership in network and value offerings …Margins were supported by ongoing productivity initiatives and, in the case of T-Mobile, synergistic mergers, with AI providing an additional opportunity to move forward. UnitedHealth “UnitedHealth is the most scalable and diversified services company in healthcare, providing flexibility through business Integrated company. In health insurance, volume is king and UN is the largest national insurer with third place in nearly all insurance end markets. …A strong balance sheet and continued strong cash generation gives flexibility for continued mergers and acquisitions.” Howmet Aerospace “Our top aerospace pick is OW-Howmet because it has OE and aftermarket exposure, room for multiple expansion, and a low balance sheet Leverage is optimized for return on capital and strong pricing power. … TDG and HWM remain well positioned for capital return in 2024 and beyond…. We continue to see Howmet best positioned to recycle commercial aviation from increases in new aircraft construction and spare parts…. HWM delivers an exciting mix of growth And quality with strong management team. Spotify “We’ve only seen the first round of price increases in music streaming and the first step towards improving royalty payments – we see more good news to come. With a long global runway for music streaming adoption, we maintain SPOT as our top pick given a mixed earnings outlook ….While SPOT stock has performed well, the market continues to value a larger share of the value of streaming music to labels when adjusted for market share of the supply (label) and demand side of the market.