Here's Oppenheimer's List Of The 29 Best Stocks For 2017

The year 2016 is into its last leg and has turned out to be exemplary for the markets. Accommodative monetary policy, a vibrant economy, a fairly decent showing by commodities and the surprise election of Donald Trump, who is perceived as business friendly, have all worked in unison to send the markets into uncharted territory.

The Dow Industrial is closing in on the 20,000 level, having gained nearly 14 percent in the year-to-date period. The S&P 500 Index is also making records every other session, with the index ending last Tuesday's session at a new closing record of 2,271.72.

Emulating such a superlative performance next year might be pretty tough. Even as the indexes, stocks and markets in general are up against a tougher comparison, Oppenheimer has released its 29 best ideas for 2017. For those looking to rebalance their portfolios, this list could provide some direction.

Among Consumer Stocks

• Food, Grocery And Consumer Products: Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA).
• Hardlines: Tractor Supply Company (NASDAQ: TSCO).
• Restaurants: Jack in the Box Inc. (NASDAQ: JACK).
• Specialty Retailing: Hanesbrands Inc. (NYSE: HBI).

Among Financials

• Commercial And Investment Banking/Private Equity: KKR & Co. L.P. (NYSE: KKR).
• Regional Banks/Specialty Finance/Mortgage REITs: StoneCastle Financial Corp (NASDAQ: BANX).
• REITs: Taubman Centers, Inc. (NYSE: TCO).

Among Healthcare Companies

• Biotechnology:
• Amgen, Inc. (NASDAQ: AMGN).
• United Therapeutics Corporation (NASDAQ: UTHR).
• Bio And Specialty Pharma: Axovant Sciences Ltd (NYSE: AXON).
• HCIT/Tools And Diagnostics: Teladoc Inc (NYSE: TDOC).
• Healthcare Providers And Managed Care: Centene Corp (NYSE: CNC).
• Medical Devices: K2M Group Holdings Inc (NASDAQ: KTWO).
• Specialty And Generic Pharma: Mallinckrodt PLC (NYSE: MNK).

Among Industrials

• Industrial And Business Services: Service Corporation International (NYSE: SCI).
• Industrial Efficiency And Resource Optimization:
• Aqua Metals Inc (NASDAQ: AQMS).
• Johnson Controls International plc Ordinary Share(NYSE: JCI).
• Industrial Machinery And Flow Control: Carlisle Companies, Inc. (NYSE: CSL).
• Industrial Multi-Industry: Honeywell International Inc. (NYSE: HON).
• Special Situations: ILG Inc (NASDAQ: ILG).

Among Technology Stocks

• Analytics And Infrastructure: Pure Storage Inc (NYSE: PSTG).
• Communication And Infrastructure Software: Verint Systems Inc. (NASDAQ: VRNT).
• Emerging Technology And Services: Take-Two Interactive Software, Inc. (NASDAQ: TTWO).
• Financial Technology And IT Services: FleetCor Technologies, Inc. (NYSE: FLT).
• SaaS/Applications Software: Ellie Mae Inc (NYSE: ELLI).
• Semiconductors And Components: Broadcom Ltd (NASDAQ: AVGO).

Among Telecom And Internet Stocks

• Communication And The Cloud: InterXion Holding NV (NYSE: INXN).
• Media And Internet: Facebook Inc (NASDAQ: FB).
• Online Travel: Expedia Inc (NASDAQ: EXPE).

All Oppenheimer trading ideas above are rated Outperform.