Morgan Stanley believes that the current economic recoverycould be the longest ever, probably lasting through 2020.In September, strategist Adam Parker saidthe S&P 500 could peak near 3,000 during this cycle.In a recent note to clients, Morgan Stanley analysts identified 45 stocks that could work with the long-term recovery in mind."Given the extremely long time horizon, we were agnostic about current valuation, focusing instead on fundamental business models," they wrote."Starting from a list of over 100 equities highlighted by our analysts, we focused on stocks rated Overweight or Equal-weight in the context of the 12-month time horizon contemplated by Morgan Stanley's stock-rating system," the analysts wrote. "We also examined each stock through the prism of our US Equity Strategy team's quantitative stock-selection model, BEST, which ranks over 1,000 US stocks by their expected market-relative performance on a 24-month horizon."Most of the stocks are in financials, industrials and energy, which Morgan Stanley said typically perform in tandem with the economic cycle.AlcoaTicker:AAPrimary Industry:Metals & MiningPrice Target: $202015 Price to Earnings: 14.6Comment:"We are Overweight on AA because we believe Alcoas upstream business has bottomed and margins should expand, drivenby both higher pricing (stronger supply-demand fundamentals for key commodities) and lower costs (production cuts at high-cost facilities and start-up oflow-cost operations)," wrote Morgan Stanley's Paretosh Misra.Source: Morgan StanleyAlly FinancialTicker:ALLYPrimary Industry:Banking & Financial ServicesPrice Target:$302015 Price to Earnings:11.0Comment:"In an extended economic upcycle, we would expect stronger-for-longer job growth to drive a bull case outlook forauto originations, credit, and lease economics," wrote Morgan Stanley's Betsy Graseck.Source: Morgan StanleyAmerican ExpressTicker:AXPPrimary Industry:Banking & Financial ServicesPrice Target:$1102015 Price to Earnings:15.3Comment:"The vast majority (80%) of AXPs value is driven by spend, and in a longer-than-expected economic upcycle, wewould expect spend to accelerate from the current 9% level to 12%," wrote Morgan Stanley's Betsy Graseck."Higher spend should drive up Amexs revenue growth from 5% up to 8%-plus."Source: Morgan StanleySee the rest of the story at Business Insider Click here to read full news..