Credit Suisse Adjusts Its Top Picks List In A Record-Breaking Market

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.

See also: Semiconductors: Which Stock Positions To Add To, Which To Take Profits In

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.

Related Link:
Oppenheimer Presents New Menu Of Top Picks

Posted In: Credit SuisseAnalyst ColorAnalyst RatingsTrading Ideas