REUTERS Morgan Stanley's equity strategists have been sounding the alarm on the bull market for months, saying an extended period of volatility and weaker returns may be underway. If that's the case, it increases the importance of stock picking. Equity strategists across the firm rated companies they believe will deliver the best returns over the next three years. If "buy and hold" is your strategy, Morgan Stanley has a few stocks for your consideration. Equity analysts across industries recently published a list of quality stocks viewed as good to hold for a three-year period — through 2021, in this case. Morgan Stanley's equity strategists have been sounding the alarm on the bull market for months, warning that an extended bear market may already be underway.