Morgan Stanley Investment Management's Andrew Slimmon believes markets are set for a "strong rally" by the end of the year.
He told CNBC's " Street Signs Asia " on Tuesday that he believes the S & P 500 will be "closer" to 5,000 by then.
Stock picks Slimmon is positive on three stocks to buy right now: Alphabet , industrial equipment rental firm United Rentals , and building materials firm CRH .
As for United Rentals and CRH, Slimmon said they're set to benefit from the increased spending on public works.
Analysts covering United Rentals and CRH give them potential average upside of 10% and nearly 18%, respectively, according to FactSet.
Persons:
Morgan Stanley, Andrew Slimmon, CNBC's, Slimmon, It's, haven't, Stock, they've, they're, –, — CNBC's Michael Bloom
Organizations:
Morgan Stanley Investment, United Rentals, Apple, Microsoft, Nvidia, Tesla
Locations:
Monday's