Morgan Stanley is very positive on a number of global stocks that are set to report earnings in the coming weeks.

A dozen analysts from the Wall Street bank named their “high conviction” European stocks in a note published Monday. “The positive skew across the research floor is close to an all-time high,” it stated.

The bank expects first-quarter results to be even better than the “very strong” earnings beats for U.K. and European companies in the fourth quarter of 2020.