The market has been on a tear this year, with the major averages on a dream run. Against this backdrop, Credit Suisse released its top investment ideas in the U.S., which could serve as a guide for traders to find value even amid an overbought equity market.
Credit Suisse has 101 top stock ideas representing about 15 percent of the 650 names covered by its U.S. analysts. The firm added 15 names to its top picks and removed 15.
Additionally, Credit Suiise said it has eight new No. 1 top picks by virtue of four additions and four upgrades.
Here are the Credit Suisse's eight new top picks and the sectors to which they belong:
Credit Suisse's New No. 1 Top Picks
• First Data Corp FDC – Financial Technology & Payments
• HCA Healthcare Inc HCA – Healthcare Facilities
• Mondelez International Inc MDLZ – Packaged Foods
• UnitedHealth Group Inc UNH – Managed Care
• eBay Inc EBAY – Consumer Internet: Online Travel & E-commerce
• Lam Research Corporation LRCX – Semiconductor Equipment/EDA
• Starwood Property Trust, Inc. STWD – Mortgage Finance
• Vertex Pharmaceuticals Incorporated VRTX – Biotechnology-large cap
Among these stocks, eBay, Lam Research, Starwood Property Trust and Vertex were upgraded.
Healthcare Facilities and Managed Care were the two sector inclusions.
Credit Suisse's Top Picks Additions:
• Arch Capital Group Ltd. ACGL
• Anthem Inc ANTM
• Clovis Oncology Inc CLVS
• Dominion Energy Inc D
• Walt Disney Co DIS
• First Data
• Fortive Corp FTV
• HCA Healthcare
• Warrior Met Coal LLC HCC
• The Coca-Cola Co KO
• Mondelez International
• Priceline Group Inc PCLN
• Quintiles IMS Holdings Inc Q
• UnitedHealth Group Inc UNH
• Willis Towers Watson PLC (NASDAQ:WLTW
Stocks Exiting The Top Pick List:
• Aramark ARMK
• Black Hills Corp BKH
• Expedia Inc EXPE
• Canada Goose Holdings Inc GOOS
• Global Payments Inc GPN
• IAC/InterActiveCorp IAC
• Kraft Heinz Co KHC
• KLA-Tencor Corp KLAC
• Medpace Holdings Inc MEDP
• Nike Inc NKE
• PVH Corp PVH
• Teck Resources Ltd TECK
• TESARO Inc TSRO
• Vistra Energy Corp VST
• WEX Inc WEX
The Stocks Credit Suisse Says Have The Highest Upside Potential:
• Helix Energy Solutions Group Inc HLX – 95.8 percent
• Golar LNG Limited (USA) GLNG – 57.7 percent
• Sarepta Therapeutics Inc SRPT – 51.5 percent
• Clovis Oncology – 45.4 percent
• Walgreens Boots Alliance Inc WBA – 45.1 percent
• U.S. Silica Holdings Inc SLCA – 41.3 percent
Credit Suisse left investors with a statutory warning that its top pick list should not be construed as a portfolio, but as a snapshot of the analysts' top picks in their coverage universe.
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